EON : E.ON Corporate Governance Roadshow - Januar 2025 (20250124 eon corporate governance roadshow presentation)

it's on us

Governance and Sustainability Presentation

January 2025

Content

1 E.ON Equity Story

2 Sustainability

3 Governance

4 Backup

EnvironmentSocial

Supervisory Board	Remuneration	Risk
and Committee Work

2

1

E.ON Equity Story

1. E.ON Equity Story

2. Sustainability

Environment

Social

3. Governance

Supervisory Board and Committee Work

Remuneration

Risk

4. Backup

We are the playmaker of the green energy transition in Europe

EBITDA		EBITDA		EBITDA
share1	~75%	share1	~10%	share1	~15%

Energy Networks

Energy Infrastructure Solutions

Energy Retail

We operate the largest energy distribution grid in Europe and are the backbone of the green energy transition with the most critical infrastructure for society.

Top-3 markets

Regulated asset base2

• Germany: €25.6bn
• Sweden: €6.4bn
• Czech Republic: €2.6bn

Industries and cities face major energy supply challenges on their way to climate neutrality. We provide infrastructure solutions to support their decarbonization.

Breakdown by region

Adj. EBITDA3

• UK: €0.16bn	• Germany: €0.1bn
• Nordics: €0.15bn	• Other: €0.11bn

We are helping millions of private households and enterprises on their individual green pathway to a net-zero future, providing energy to 47m customers3.

Top-3 markets4

Customers (electricity market share)3

• Germany: 14m (25%)
• UK: 9m (18%)
• Netherlands: 4m (24%)

1. Illustrative average EBITDA share of total Group EBITDA over 2024-2028 plan 2. Total regulated asset base (power and gas) as per 31-Dec-2023 3. Pro-forma split as per 31-Dec-2023. 4. Excluding equity participations in Turkey and Slovakia.

4

1. E.ON Equity Story

2. Sustainability

Environment

Social

3. Governance

Supervisory Board and Committee Work

Remuneration

Risk

4. Backup

Our investment case: Five reasons to invest in E.ON

Energy Networks	Energy Infrastructure	Energy Retail	Strategic Foundation	Financial Strategy
	Solutions

Long-term growth in a	Growth acceleration	Reliable returns and	Digitalization and	Focus on value-
regulated environment	from contracted	attractive cash	sustainability as	creation and
	infrastructure	generation	strategic backbones	shareholder returns

Growth opportunities	Best-in-class energy	Healthy cashflows from	Pioneering the digital	Clear value-creation
from the green energy	infrastructure	a capital light business,	transformation of the	focus and solid financial
transition well into the	portfolio capitalizing	further expanded by	energy sector and	headroom ensuring an
2030s and a regulated	upon decarbonization	cross-selling new	applying strict	attractive shareholder
business nature provide	needs of cities and	solutions addressing	sustainability criteria as	return outlook including
for a steady and	industries	rising demand from	the core foundation for	dividends and earnings
profitable earnings		electrification	steering the company	growth
growth path

5

1. E.ON Equity Story

2. Sustainability

Environment

Social

3. Governance

Supervisory Board and Committee Work

Remuneration

Risk

4. Backup

Our business and financial strategy provide for attractive shareholder returns supported by a strong balance sheet

Financial capacity

Operational growth

Earnings growth

Shareholder remuneration

Strong	10% power	High-single-digit	Up to 5%
BBB/Baa rating	RAB growth p.a.	EBITDA and EPS growth	DPS growth
€5-10bn extra balance sheet capacity	RAB CAGR 2022-2028	Underlying CAGR 2023-2028	p.a. 2023-2028

6

1. E.ON Equity Story

2. Sustainability

Environment

Social

3. Governance

Supervisory Board and Committee Work

Remuneration

Risk

4. Backup

E.ON's Board of Management

Leonhard Birnbaum	Nadia Jakobi	Thomas König	Marc Spieker	Victoria Ossadnik
Chief Executive Officer	Chief Financial Officer	Chief Operating Officer -	Chief Operating Officer -	Chief Operating Officer -
Chief Sustainability Officer			Networks	Commercial	Digital
•	Communications & Political	•	Finance	•	Energy Networks (incl.	• Sales and Customer Solutions	•	Digital Technology
	Affairs	•	Investor Relations		Turkey)	•	Commercial Programming	•	Inhouse Consulting
•	Corporate Audit	•	Mergers & Acquisitions
•	Procurement	•	Green Gas	•	Cyber Security
•	Strategy	•	Accounting
• Group & Executive HR	•	Controlling			•	Energy Management	•	Innovation
•	HSE & Sustainability	•	Risk Management			•	Marketing
•	Legal & Compliance	•	Tax
•	Nuclear Coordination	•	S4

• Finance Transformation

Joined E.ON Board	New role within the E.ON
Board as CCO Commercial
as new CFO in 06/2024
since 06/2024	7

2

Sustainability

1. E.ON Equity Story

2. Sustainability

Environment

Social

3. Governance

Supervisory Board and Committee Work

Remuneration

Risk

4. Backup

Ambitious targets across all sustainability dimensions

Environmental

Emissions1

• -50%2 scope 1 & 2 emissions by 2030
• -50%scope 3 emissions by 2030
• -100%scope 1 & 2 emissions by 2040
• -100%scope 3 emissions by 2050

Social

Female executives

• At least 32% female executives in management positions by 20313

Health and Safety

• Reduce frequency of serious accidents and death<0.07% SIF by 20304

Governance

Supervisory Board Composition

• At least 30% women representation5

Board remuneration

• Sustainability targets embedded in STI6 and LTI6

1. Relative to 2019 figures, 2. -50% refers to E.ON's SBTi validated 2030 target in line with a 1.5-degree pathway, 3. Equivalent to the share of women in our workforce, 4. Serious injuries and fatalities (SIF) for employees: Safety incidents per 1,000,000 working hours 5.	9
Since the last Supervisory Board elections in May 2023: ~38% female quota achieved 6. Short-term incentive plan (STI) and long-term incentive plan (LTI)

1. E.ON Equity Story

2. Sustainability

Environment

Social

3. Governance

Supervisory Board and Committee Work

Remuneration

Risk

4. Backup

Repositioning E.ON as the Playmaker of the European energy transition to drive company value

Strategic Repositioning

• Addressing societal and market needs for an energy company that leads the energy transition.
• Leveraging strong business portfolio and brand awareness (approx. 170m adults recognize our brand) to position E.ON as the Playmaker of European energy.

One Strategy Framework

• Created one framework consisting of purpose, strategy, brand attributes and cultural attitude of the company.
• Achieved exceptional adoption and commitment to the Playmaker positioning across the entire group.

Successful Internal and

External Launch

• Developed the new campaign platform "It's on us."
• Implemented internal activation measures to establish the brand as a value-creating asset.
• Launched the campaign in Germany within 3 months, followed by a rapid roll-out across other markets.

Measurable Impact

• High engagement with the new brand and broad positive reception.
• New mindset and momentum permeating the entire group.
• Positive movement on our new Playmaker Score brand KPI.

Brand consideration	Playmaker Score
(DE)	(DE)

+ 2 points

+ 3 points

10