Empower Energy Evolution

FY 2020 Results and Outlook

Andreas Schierenbeck - CEO

Sascha Bibert - CFO

4 March 2021

Highlights

FY 2020 Results and Outlook

Appendix

Highlights

Performance

  • Despite Covid-19, earnings at upper end of guidance range

  • Adjusted EBIT 2020 up 16% to €998m

  • Adjusted Net Income up 26% to €774m

  • Confirmation of €501m (€1.37 per share) dividend proposal for FY 2020

  • Solid outlook for FY 2021 assuming normal operating environment; promising start in first months

Portfolio & strategy

  • New strategy with focus on decarbonization announced in March 2020

  • Ambitious carbon reduction targets further specified during the year

  • Performance and transparency on ESG improved and further measures announced during 2020

  • Changes in the organization to effectively drive business development in the hydrogen and renewable energy sector

  • Numerous initiatives with key players in the area of decarbonization

  • Joint value pools with Fortum identified

Commodity prices in a strong upswing

1. Gas forwards 2022. 2. EU Allowances (EUA): spot prices. 3. Electricity baseload forwards 2022. 4. Dark and spark spreads Germany with electricity base load and spark spread Germany with electricity peak load (efficiency coal plants 39%, gas plants 55%).

Source: Uniper Market Analysis; prices shown until 26th February 2021.

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Uniper SE published this content on 18 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2021 09:51:02 UTC.