#StandWithUkraine
H1 2022 results
Short-term responsibility translates into long-term opportunity
E.ON H1 2022 results
E.ON takes over responsibility in the crisis …
Helping our customers
Providing security of supply
Accelerating
the energy transition
… whilst fully on track for delivery in 2022 and beyond
Solid H1 results despite ongoing crisis
Confirmation of Group targets for 2022
Dividend growth of up to 5% annually until 2026
2
Unprecedented pace in introducing and adapting energy policies in retail markets
Current support schemes in retail markets
E.ON H1 2022 results
Germany | UK | Netherlands | |
End customer pricing | EnSiG §26 surcharge | SVT price cap | - |
Energy bill support schemes | €300 | £1,200 | €800 |
payment/ customer | discount/ vuln. customer | discount/ vuln. customer | |
Reduction of levies/taxes | Abolishment of EEG surcharge | £150 tax rebate | VAT reduction |
from 21% to 9% |
Update since Q1 reporting | 3 |
Implementation of growth strategy fully on track
E.ON H1 2022 results
Growth | Sustainability | Digitalization |
- Energy Networks
On track to invest >€4bn in 2022 into mainly regulated Energy Networks delivering at least 6% electricity RAB growth p.a. until 2026
- Retail Solutions
- Increased share of German PV business "Mehr Ampere" to now 100% - leading to additional sales and installation capabilities
- First of its kind innovative energy community "Adeje Verde" in Tenerife
- New joint venture with Igneo aims to supply more than 1.5 million German households with full fiber broadband
- Migration of UK customers to new IT platform finalized despite energy crisis
Revenue growth of 40% in 2022 to >€1.1bn • SBTi reconfirms E.ON's targets
• Energy Infrastructure Solutions
Continuous earnings growth with >90% of 2022 EBITDA target already contracted and 23% yoy growth
4
Strong operational and financial performance
E.ON H1 2022 results
On track despite crisis | H1 key financials |
Strong
BBB/Baa rating target
H1 business performance paves the way for FY 22 delivery
Interest rate development providing significant additional financial leeway for further growth
Clear and visible German retail legislation underlines manageable crisis impact
Core EBITDA1 outlook 2022
€6.9-7.1bn | ||
€bn | 3.7 | 3.6 |
Adj. Core | ||
EBITDA | ||
H1 2021 | H1 2022 |
Debt factor target2
4.8x -5.2x
38.8 |
37.4 |
Economic |
Net Debt |
FY 2021 H1 2022
1. Adjusted for non-operating effects 2. Economic Net Debt/EBITDA | 5 |
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E.ON SE published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 05:03:09 UTC.