FY 2021 Results & Outlook
Prof. Dr. Klaus-Dieter Maubach - CEO Tiina Tuomela - CFO
23 February 2022
Highlights & Strategy Update
FY 2021 Results and Outlook
Appendix
Potential impact of Russian-Ukraine conflict on Uniper - Four major risk categories
Commodity markets turbulences | Nord Stream 2 |
Extreme commodity price movements could lead c.p. to higher margining cash flow and reduce Uniper's liquidity headroom
Liquidity headroom and measures to limit margining impact in place
Sanctioning of Russian companies
Sanctions against business partners of Uniper or Unipro could limit business opportunities
Certain sanctions aimed at Russian finance system could impact cross-border payments
Uniper is continuously monitoring the major risks and mitigation measures
German government has taken steps to put certification/approval process on hold
Uniper is evaluating the situation and potential impact
Interruption of Russian gas supply
Curtailments of physical gas deliveries may require Uniper to source gas in the market at higher prices
Impact depends e.g. on duration and extent of supply interruption, the ability to utilize flexibility in the portfolio and potential regulatory intervention reducing demand side
Public statements on Russian and European sides underline intentions to avoid interruptions
FY 2021 Presentation, 23 February 2022 | 3 |
Highlights - A remarkable year for Uniper
Strong earnings in a challenging environment
Commodity business successful in extraordinary markets
Adj. EBIT FY 2021 €1,187m (€998m in FY 2020)
S&P affirmed BBB rating
Dividend proposal of €26m (€0.07 per share)1
Strategy execution accelerated
Coal exit across Europe well-ahead of initial plan
Various growth initiatives pushed forward in the areas of hydrogen & green gases
Increased growth capex going forward
Fortum & Uniper cooperation intensified
Fortum and Uniper Wind & Solar team launched its first 380 MW onshore wind project in Finland
Uniper secures additional liquidity for financial flexibility in volatile markets with Fortum as reliable owner
1. Dividend proposal for the AGM 2022 on May 18, 2022. Payments subject to AGM approval. | FY 2021 Presentation, 23 February 2022 | 4 |
Tight gas markets - Security of supply back on the agenda
Europe gas storage levels1 - far from normal
100%
80%
60%
40%
20%
0%
Sep | Oct | Nov | Dec | Jan | Feb | Mar |
2021/2022 2020/2021 2019/2020
Uniper's essential role in the European gas market
>50 years of experience and | >350 LNG cargoes | ||||
long-lasting relationships | last year | ||||
368 TWh of long-term | 7.4 billion m³ in gas | ||||
contracts | storage capacity | ||||
4.7 billion m³ LNG | >1,000 customers | ||||
regasification | (municipalities etc.) |
1. Physical filling levels as of 19 February 2022, based on AGSI+ data. | FY 2021 Presentation, 23 February 2022 | 5 |
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Uniper SE published this content on 23 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2022 06:38:04 UTC.