Uniper : Quarterly Statement January – June 2020 (Selected Spreadsheets) XLSX

Indicators

Financial and Non-Financial Indicators for the Uniper Group
January 1-June 30	Unit	2020	2019	2018	2017	2016
Power procurement and owned generation	Billion kWh	268.8	318.7	359.4	376.7	347.2
Electricity sales	Billion kWh	266.6	316.5	358.3	375.6	345.9
Gas volume sold	Billion kWh	1,137,6	1,105.2	1,027.8	994.8	841.6
Sales¹	€ in millions	19,977	33,736	35,968	37,305	33,327
Adjusted EBIT²	€ in millions	691	308	601	930	1,135
For informational purposes: Adjusted EBITDA²	€ in millions	1,012	657	940	1,253	1,540
Net income/loss¹	€ in millions	677	921	-522	1,057	-3,885
Earnings per share¹ ³ ⁴	€	1.75	2.40	-1.49	2.64	-10.58
Cash provided by operating activities (operating cash flow)	€ in millions	288	-322	465	1,407	1,952
Adjusted net income⁵	€ in millions	527	189	N/A	N/A	N/A
Investments	€ in millions	279	240	244	294	292
Growth	€ in millions	175	154	192	144
Maintenance and replacement	€ in millions	104	94	90	102	148
Economic net debt⁶	€ in millions	3,296	2,650	2,509	2,445	4,167
Employees as of the reporting date⁶	0	11,591	11,532	11,780	12,180	12,635
¹The comparative figures shown have been restated based on changes in accounting and presentation methods for the first-half of 2019. Further information can be found in Note 3 to the 2019 Consolidated Financial Statements. The first-half figures for 2016-2018 continue to be presented as originally reported. ²Adjusted for non-operating effects. ³Basis: outstanding shares as of reporting date. ⁴For the respective fiscal year. ⁵Adjusted net income is used as a management indicator for the entire Group for the first time beginning in 2020. The figure for 2019 is disclosed solely for informational purposes to provide year-over-year comparability. ⁶Figures as of June 30, 2020; comparative figures as of December 31 of each year.

Statement of Income

Uniper Consolidated Statement of Income
April 1-June 30	January 1-June 30
€ in millions	Note	2020	2019	2020	2019
Sales including electricity and energy taxes¹	7,148	13,018	20,123	33,951
Electricity and energy taxes	-62	-103	-146	-216
Sales	(14)	7,087	12,915	19,977	33,736
Changes in inventories (finished goods and work in progress)	13	4	22	22
Own work capitalized	18	15	28	35
Other operating income¹	1,862	5,615	16,467	14,584
Cost of materials¹	-6,620	-12,441	-18,935	-32,283
Personnel costs	-281	-252	-509	-491
Depreciation, amortization and impairment charges	(6)	-231	-183	-562	-357
Other operating expenses¹	-1,547	-5,489	-15,638	-14,173
Income from companies accounted for under the equity method	(7)	5	14	17	40
Income/Loss before financial results and taxes¹	306	198	868	1,113
Financial results	(4)	53	-18	-23	-
Net income/loss from equity investments	2	5	5	5
Interest and similar income	35	31	65	62
Interest and similar expenses	-41	-89	-78	-155
Other financial results	57	36	-15	87
Income taxes¹	-166	-16	-168	-192
Net income/loss¹	193	163	677	921
Attributable to shareholders of Uniper SE¹	152	144	641	877
Attributable to non-controlling interests¹	41	20	36	43
€
Earnings per share (attributable to shareholders of Uniper SE) - basic and diluted	(5)
From continuing operations¹	0.42	0.39	1.75	2.40
From net income/loss¹	0.42	0.39	1.75	2.40
¹The comparative figures shown have been restated. Further information can be found in Note 3 to the 2019 Consolidated Financial Statements.

Income-Expenses in Statement

Uniper Consolidated Statement of Recognized Income and Expenses
April 1-June 30	January 1-June 30
€ in millions	2020	2019	2020	2019
Net income/loss¹	193	163	677	921
Remeasurements of equity investments	-3	-2	-43	10
Remeasurements of defined benefit plans	-206	-119	-100	-263
Income taxes	57	35	33	70
Items that will not be reclassified subsequently to the income statement	-152	-85	-110	-183
Cash flow hedges	-6	-1	-1	-5
Unrealized changes	-5	-1	1	-4
Reclassification adjustments recognized in income	-1	-	-1	-1
Currency translation adjustments	262	-7	-414	265
Unrealized changes	262	-7	-414	264
Reclassification adjustments recognized in income	-	-	1
Companies accounted for under the equity method	1	-1	-3	-1
Unrealized changes	1	-1	-3	-1
Reclassification adjustments recognized in income	-	-	-	-
Income taxes	6	4	1	4
Items that might be reclassified subsequently to the income statement	262	-6	-417	263
Total income and expenses recognized directly in equity	110	-91	-527	80
Total recognized income and expenses (total comprehensive income)¹	303	72	150	1,000
Attributable to shareholders of Uniper SE¹	227	45	174	911
Attributable to non-controlling interests¹	76	27	-23	89
¹The comparative figures shown have been restated. Further information can be found in Note 3 to the 2019 Consolidated Financial Statements.

Balance Sheet

Uniper Consolidated Balance Sheet
€ in millions	Note	Jun. 30, 2020	Dec. 31, 2019¹
Assets	0
Goodwill	0	1,816	1,886
Intangible assets	0	733	742
Property, plant and equipment and right-of-use assets	0	9,810	10,201
Companies accounted for under the equity method	(7)	451	446
Other financial assets	(7)	644	710
Equity investments	0	557	610
Non-current securities	0	87	100
Financial receivables and other financial assets²	(10)	3,836	3,813
Receivables from derivative financial instruments	(10)	4,259	4,787
Other operating assets and contract assets	(10)	163	159
Deferred tax assets	0	894
Non-current assets	0	22,607	23,732
Inventories	0	1,862	1,508
Financial receivables and other financial assets	(10)	518	651
Trade receivables	(10)	4,132	7,090
Receivables from derivative financial instruments	(10)	10,552	8,601
Other operating assets and contract assets	(10)	992	1,287
Income tax assets	0	47	16
Liquid funds²	0	669	871
Current assets	0	18,771	20,024
Total assets	0	41,378	43,756
Equity and Liabilities	0
Capital stock	(8)	622	622
Additional paid-in capital	(8)	10,825	10,825
Retained earnings	(8)	3,262	3,145
Accumulated other comprehensive income	0	-3,564	-3,207
Equity attributable to shareholders of Uniper SE	0	11,145	11,386
Attributable to non-controlling interests	0	516	556
Equity	0	11,660	11,942
Financial liabilities and liabilities from leases	(10)	1,116	1,119
Liabilities from derivative financial instruments	(10)	4,353	4,277
Other operating liabilities and contract liabilities	(10)	267	694
Provisions for pensions and similar obligations	(9)	1,128	1,031
Miscellaneous provisions	0	5,409	5,422
Deferred tax liabilities	0	379	410
Non-current liabilities	0	12,653	12,954
Financial liabilities and liabilities from leases	(10)	1,023	815
Trade payables	(10)	4,439	7,308
Liabilities from derivative financial instruments	(10)	9,531	8,238
Other operating liabilities and contract liabilities	(10)	1,067	1,322
Income taxes	0	96	61
Miscellaneous provisions	0	908	1,115
Current liabilities	0	17,065	18,860
Total equity and liabilities	0	41,378	43,756
¹The comparative figures shown have been restated. Further information can be found in Note 3 to the 2019 Consolidated Financial Statements. ²Comparative figures adjusted (margins increased and liquid funds decreased). Further information can be found in Note 10 to the Interim Financial Statements.

Statement of Cash flows

Uniper Consolidated Statement of Cash Flows
January 1-June 30 € in millions	2020	2019
Net income/loss¹	677	921
Depreciation, amortization and impairment of intangible assets, of property, plant and equipment, and of right-of-use assets	562	357
Changes in provisions¹	-166	-589
Changes in deferred taxes¹	113	178
Other non-cash income and expenses	-205	-93
Gain/Loss on disposal of intangible assets, property, plant and equipment, equity investments and securities (> 3 months)	-1	-12
Changes in operating assets and liabilities and in income taxes¹	-693	-1,084
Cash provided by operating activities (operating cash flow)	288	-322
Proceeds from disposal of	10	423
Intangible assets and property, plant and equipment	6	6
Equity investments	5	417
Purchases of investments in	-279	-240
Intangible assets and property, plant and equipment	-262	-239
Equity investments	-18	-
Proceeds from disposal of securities (> 3 months) and of financial receivables and fixed-term deposits	223	839
Purchases of securities (> 3 months) and of financial receivables and fixed-term deposits	-171	-424
Cash provided by investing activities	-217	598
Cash proceeds/payments arising from changes in capital structure²	4	3
Cash dividends paid to shareholders of Uniper SE	-421	-329
Cash dividends paid to other shareholders	-15	-
Proceeds from new financial liabilities	386	559
Repayments of financial liabilities and reduction of outstanding lease liabilities	-270	-986
Cash provided by financing activities	-315	-753
Net increase in cash and cash equivalents	-245	-477
Effect of foreign exchange rates on cash and cash equivalents	-6	6
Cash and cash equivalents at the beginning of the reporting period	825	1,138
Cash and cash equivalents from disposal groups	-	-4
Cash and cash equivalents of first-time consolidated companies	-	8
Cash and cash equivalents at the end of the reporting period	575	670
Supplementary Information on Cash Flows from Operating Activities
Tax payments	-53	-58
Interest paid	-32	-38
Interest received	20	27
Dividends received	7	19
¹The comparative figures shown have been restated. Further information can be found in Note 3 to the 2019 Consolidated Financial Statements.
²No material netting has taken place in either of the periods presented here.

Statement of changes in Capital

Statement of Changes in Equity
€ in millions	Accumulated other comprehensive income that might be reclassified subsequently to the income statement
Capital stock	Additional paid-in capital	Retained earnings	Currency translation adjustments	Cash flow hedges	Equity attributable to shareholders of Uniper SE	Non-controlling interests	Total
Balance as of January 1, 2019	622	10,825	3,088	-3,536	5	11,004	496	11,501
Change in scope of consolidation	0	0	0	0	0	0	0	0
Capital increase	0	0	0	0	0	0	0	0
Dividends	0	0	-329	0	0	-329	-15	-345
Total comprehensive income	0	0	696	219	-3	911	89	1,000
Net income/loss¹	0	0	877	0	0	877	43	921
Other comprehensive income	0	0	-182	219	-3	34	46	80
Remeasurements of defined benefit plans	0	0	-192	0	0	-192	-1	-192
Remeasurements of investments	0	0	10	0	0	10	0	10
Changes in accumulated other comprehensive income	0	0	0	219	-3	216	47	262
Balance as of June 30, 2019¹	622	10,825	-3,317	2	11,586	570	12,157
Balance as of January 1, 2020¹	622	10,825	3,145	-3,207	1	11,386	556	11,942
Dividends	0	0	-421	0	0	-421	-15	-436
Total comprehensive income	0	0	531	-357	-1	174	-23	150
Net income/loss	0	0	641	0	0	641	36	677
Other comprehensive income	0	0	-110	-357	-1	-467	-59	-527
Remeasurements of defined benefit plans	0	0	-67	0	0	-67	-	-67
Remeasurements of investments	0	0	-43	0	0	-43	0	-43
Changes in accumulated other comprehensive income	0	0	0	-357	-1	-358	-59	-417
Balance as of June 30, 2020	622	10,825	3,262	-3,564	-	11,145	516	11,660
¹The comparative figures shown for the respective reporting date have been restated. Further information can be found in Note 3 to the 2019 Consolidated Financial Statements.

PnL Adj. EBIT Reconciliation

Reconciliation of Income/Loss before Financial Results and Taxes 2020¹
Adjustments of items of income/loss before financial results and taxes to adjusted EBIT
January 1-June 30 € in millions	Income statement items	Net book gains (-) / losses (+)	FV meas- ure- ment of deriv- atives	Adj. of reve- nues and cost of materials	Restruc- turing² ³	Misc. other non-op. earnings	Impair- ment charges/ reversals⁴	Total adjust- ments	Income from equity invest- ments	Components of adjusted EBIT
Sales including electricity and energy taxes	20,123	-	-	9,370	-	-	-	9,370	-	29,493
Electricity and energy taxes	-146	-	-	-	-	-	-	-	-	-146
Sales	19,977	-	-	9,370	-	-	-	9,370	-	29,347
Changes in inventories (finished goods and work in progress)	22	-	-	-	-	-	-	-	-	22
Own work capitalized	28	-	-	-	-	-	-	-	-	28
Other operating income	16,467	-2	-12,390	-	-	-51	-148	-12,592	-	3,875
Cost of materials	-18,935	-	-	-9,094	-	132	-	-8,962	-	-27,897
Personnel costs	-509	-	-	-	48	-	-	48	-	-461
Depreciation, amortization and impairment charges	-562	-	-	-	2	-	237	239	-	-323
Other operating expenses	-15,638	2	11,674	-	9	30	-	11,714	-	-3,924
Income from companies accounted for under the equity method	17	-	-	-	-	-	-	-	-	17
Reconciliation of income/loss before financial results and taxes to adjusted EBIT (summarized)	868	-1	-716	276	60	111	89	-182	5	691
¹Owing to the adjustments made, the earnings items shown here may differ from the figures determined in accordance with IFRS. A reconciliation of income/loss before financial results and taxes prepared in compliance with the Guidelines on Alternative Performance Measures published by the European Securities Markets Authority (ESMA) is provided in the notes to the interim financial statements. ²Expenses for (and income from) restructuring and cost management in the Global Commodities segment included depreciation and amortization of €2 million in the first half of 2020 (first half of 2019: €6 million). ³Non-operating impairment charges/reversals consist of non-operating impairment charges and reversals triggered by regular impairment tests. The total of the non-operating impairment charges/reversals and economic depreciation and amortization/reversals differs from the depreciation, amortization and impairment charges reported in the income statement since the two items also include impairment charges on companies accounted for under the equity method and other financial assets; in addition, a small portion is included in restructuring/cost-management expenses and in miscellaneous other non-operating earnings.

Reconciliation of Adjusted EBIT

Reconciliation of Income/Loss before Financial Results and Taxes
January 1-June 30 € in millions	2020	2019
Income/Loss before financial results and taxes¹	868	1,113
Net income/loss from equity investments	5	5
EBIT¹	873	1,118
Non-operating adjustments	-182	-810
Net book gains (-) / losses (+)	-1	0
Impact of derivative financial instruments¹	-716	-473
Adjustments of revenue and cost of materials from physically settled commodity derivatives to the contract price	276	-231
Restructuring / Cost-management expenses (+) / income (-)²	60	4
Non-operating impairment charges (+) / reversals (-)³	89	2
Miscellaneous other non-operating earnings	111	-112
Adjusted EBIT	691	308
For informational purposes: Economic depreciation and amortization/reversals	321	349
For informational purposes: Adjusted EBITDA	1,012	657
¹The comparative figures shown have been restated. Further information can be found in Note 3 to the 2019 Consolidated Financial Statements. ²Expenses for (and income from) restructuring and cost management in the Global Commodities segment included depreciation and amortization of €2 million in the first half of 2020 (first half of 2019: €6 million). ³Non-operating impairment charges/reversals consist of non-operating impairment charges and reversals triggered by regular impairment tests. The total of the non-operating impairment charges/reversals and economic depreciation and amortization/reversals differs from depreciation, amortization and impairment charges reported in the income statement since the two items also include impairment charges on companies accounted for under the equity method and other financial assets; in addition, a small portion is included in restructuring / cost-management expenses and in miscellaneous other non-operating earnings.

Adjusted Net Income

2
Reconciliation to Adjusted Net Income
January 1-June 30 € in millions	2020	2019
Income/Loss before financial results and taxes¹	868	1,113
Net income/loss from equity investments	5	5
EBIT¹	873	1,118
Non-operating adjustments	-182	-810
Adjusted EBIT	691	308
Interest income/expense and other financial results	-28	-5
Non-operating interest expense and negative other financial results (+) / interest income and positive other financial results (-)	44	-31
Operating interest income/expense and other financial results	16	-36
Income taxes	-168	-192
Expense (+) / Income (-) resulting from income taxes on non-operating earnings	14	138
Income taxes on operating earnings	-155	-54
Less non-controlling interests in operating earnings	-25	-29
Adjusted net income	527	189
¹The comparative figures shown have been restated. Further information can be found in Note 3 to the 2019 Consolidated Financial Statements.

Economic Net Debt

Economic Net Debt
€ in millions	Jun. 30, 2020	Dec. 31, 2019
Cash and cash equivalents¹	575	825
Current securities	95	46
Non-current securities	87	100
Margining receivables¹	200	336
Financial liabilities and liabilities from leases	2,140	1,935
Bonds	-	-
Commercial paper	170	-
Liabilities to banks	177	120
Lease liabilities	839	817
Margining liabilities	456	499
Liabilities to co-shareholders from shareholder loans	390	396
Other financing	107	102
Net financial position	1,183	628
Provisions for pensions and similar obligations	1,128	1,031
Provisions for asset retirement obligations²	985	991
Other asset retirement obligations	759	754
Asset retirement obligations for Swedish nuclear power plants³	2,511	2,557
Receivables from the Swedish Nuclear Waste Fund recognized on the balance sheet³	2,285	2,320
Economic net debt	3,296	2,650
For informational purposes: Receivables from the Swedish Nuclear Waste Fund (KAF) ineligible for capitalization³	276	291
For informational purposes: Fundamental economic net debt	3,020	2,359
¹Comparative figures adjusted (margins increased and liquid funds decreased). ²Reduced by receivables from the Swedish Nuclear Waste Fund. ³Due to IFRS valuation rules (IFRIC 5), €276 million (December 31, 2019: €291 million) of Uniper's share of the fair value of the net assets of the Swedish Nuclear Waste Fund may not be capitalized on the balance sheet. Accordingly, there exists an additional receivable from the Swedish Nuclear Waste Fund ineligible for recognition on the balance sheet, and the economic net obligation for the decommissioning of the Swedish nuclear power plants is thus reported too high in the table by the amount of this receivable.

Adjusted EBIT

Adjusted EBIT
January 1-June 30 € in millions	2020	2019	+/- %
European Generation	217	173	25.2
Global Commodities	571	91	527.5
Russian Power Generation	123	174	-29.1
Administration/Consolidation	-220	-130	-68.5
Total	691	308	124.6

Financial Results

Financial Results
€ in millions	April 1-June 30	January 1-June 30
2020	2019	2020	2019
Income from companies in which equity investments are held	2	5	5	5
Impairment charges/reversals on other financial assets	-	-	-	0
Net income from equity investments	2	5	5	5
Interest and similar income	35	31	65	62
Interest and similar expenses	-41	-89	-78	-155
Net interest income‌	-6	-58	-13	-92
Impairment charges/reversals	9	2	-3	-
Net income from securities	10	-1	-16	19
Result from the Swedish Nuclear Waste Fund	38	35	4	68
Other financial results	57	36	-15	87
Financial results	53	-18	0

Sales per segment product

2
Sales by Segment and Product
January 1-June 30 € in millions	European Generation	Global Commodities	Russian Power Generation	Administration/ Consolidation	Uniper Group
2020	2019¹	2020	2019¹	2020	2019	2020	2019¹	2020	2019¹
Electricity	2,023	4,904	8,090	15,253	477	564	-3,310	-8,054	7,280	12,667
Gas	885	1,215	11,343	19,915	-	-	-1,041	-1,569	11,188	19,562
Other	302	447	1,632	1,751	12	14	-436	-704	1,510	1,507
Total	3,210	6,566	21,065	36,919	489	578	-4,786	-10,327	19,977	33,736
¹The comparative figures shown have been restated. Further information can be found in Note 3 to the 2019 Consolidated Financial Statements.

Financial Information by Segmen

Financial Information by Segment
January 1-June 30 € in millions	European Generation	Global Commodities³	Russian Power Generation	Administration/ Consolidation	Uniper Group
2020	2019	2020	2019	2020	2019	2020	2019	2020	2019
External sales¹	876	1,530	18,610	31,626	489	578	2	2	19,977	33,736
Intersegment sales¹	2,334	5,037	2,454	5,293	-	-	-4,788	-10,329	-	-
Sales¹	3,210	6,566	21,065	36,919	489	578	-4,786	-10,327	19,977	33,736
Adjusted EBIT (segment result)	217	173	571	91	123	174	-220	-130	691	308
Equity-method earnings²	-	-	17	40	-	-	-	-	17	40
Operating cash flow before interest and taxes	614	73	-277	-552	180	224	-164	3	352	-252
Investments	187	133	27	14	57	84	9	9	279	240
¹The comparative figures shown have been restated. Further information can be found in Note 3 to the 2019 Consolidated Financial Statements.
²The income/loss from companies accounted for under the equity method presented here is generally adjusted for non-operating effects and therefore differs from the income/loss from companies accounted for under the equity method as presented in the income statement in accordance with IFRS.
³Regarding the change in sales in the Global Commodities segment, see also Notes 3 and 5 to the 2019 Consolidated Financial Statements.

Disclaimer

Disclaimer

This document contains information relating to Uniper SE, ("Uniper" or the "Company") that must not be relied upon for any purpose and may not be redistributed, reproduced, published, or passed on to any other person or used in whole or in part for any other purposes. By accessing this document you agree to abide by the limitations set out in this document. All presented information are extracted from the annual report of Uniper SE. This document is being presented solely for informational purposes and should not be treated as giving investment advice. It is not, and is not intended to be, a prospectus, is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities, and should not be used as the sole basis of any analysis or other evaluation and investors should not subscribe for or purchase any shares or other securities in the Company on the basis of or in reliance on the information in this document. Neither Uniper nor any of their respective officers, employees or affiliates nor any other person shall assume or accept any responsibility, obligation or liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or the statements contained herein as to the fairness, accuracy, completeness or correctness of statements contained herein. In giving this document, neither Uniper nor its respective agents undertake any obligation to provide the recipient with access to any additional information or to update this document or any information or to correct any inaccuracies in any such information. Certain numerical data in this document have been rounded according to established commercial standards. As a result, the aggregate amounts (sum totals or interim totals or differences or if numbers are put in relation) in this document may not correspond in all cases to the amounts contained in the underlying (unrounded) figures appearing in the consolidated financial statements. Furthermore, in tables and charts, these rounded figures may not add up exactly to the totals contained in the respective tables and charts.