E.ON Facts & Figures. March 2014

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1 E.ON Facts & Figures March 2014

2 Content E.ON Group 3 Generation 12 Renewables 31 Exploration & Production 53 Global Commodities 60 Germany 69 Other EU countries 78 Russia 146 ENEVA 150 Enerjisa 154

3 E.ON Group 3

4 E.ON in numbers E.ON Group 29 billion KWh electricity produced from renewable technologies 1, equivalent to demand of 3m homes 14 GW generation capacity outside of Europe 3 783,000km power network length in Europe Global #3 in offshore wind 2 17m grid customers in Europe 26bn regulated asset base in Europe 40GW conventional generation capacity 35m in Europe sales customers 4 1 Including electricity generation from hydro, wind, biomass and solar PV 2 Based on 2012 market data 3 Including Russia, US Renewables, JV Enerjisa, ENEVA 4 Including 9m customers from JV Enerjisa in Turkey 4

5 E.ON s EU business activities E.ON Group 5 0 Installed renewables capacity (GW) Installed conventional capacity (GW) 1 20 Power & gas costumers in ( 000) 500 Power network length ( 000 km) Central & Northern Europe Central Eastern Europe Southern Europe 1 Pro rata view 5

6 E.ON s non-eu business activities E.ON Group US GW renewables capacity Russia 1 10 GW generation capacity Brazil 4 2 GW generation capacity Turkey GW generation capacity 9m sales customer ~ km combined network length 1 E.ON Russia view 2 Enerjisa view 3 Accounting view 4 ENEVA view 6

7 E.ON's Group structure E.ON Group Group Management Generation Renewables Global Commodities Exploration & Production Germany Other EU countries Non EU countries Support functions 1 New Build & Technology 1 Nuclear Fossil Other Hydro Wind/Solar/ Other Proprietary Trading Optimization Gas Transport/ Shareholdings/ Other Distribution Networks Non-regulated/ Other UK Sweden Italy Spain France Netherlands Russia Other Non EU countries: Brazil Turkey Hungary Czechia Slovakia Romania Distribution, Sales, Distributed energies 1 Not a reporting segment 7

8 E.ON Group E.ON's Board of Management Johannes Teyssen Leonhard Birnbaum Jørgen Kildahl Bernhard Reutersberg Klaus Schäfer Mike Winkel appointed in 2004 appointed in 2013 appointed in 2010 appointed in 2010 appointed in 2013 appointed in 2013 Corporate Executive HR Investor Relation Communication Audit Strategy Corporate Development Trading & Supply Distributed Energy Engineering & Projects Commercial Operations Politics & Regulation Technology & Innovation Consulting Brazil, Russia & Turkey E&P Health Safety & Environment Corporate Incident & Crisis Management Procurement & Real Estate Management Sustainability Regional Coordination Sales & Distribution Group-wide E.ON 2.0 program Finance Mergers & Acquisitions Group Accounting & Controlling Legal & Compliance Tax IT & Business Services Generation Renewables Group HR Operational Efficiency 8

9 Major investment projects (I) Renewables - Amrumbank Renewables Humber E.ON Group Offshore wind farm Country: Capex: 1.0 bn Capacity: 288 MW Offshore wind farm Country: Capex: 0.9 bn Capacity: 219 MW Renewables Grandview 1 Onshore wind Country: Capex: 0.1 bn Capacity: 201 MW Renewables Provence 4 Biomass Conversion Country: Capex: 0.2 bn Capacity: 170 MW E.ON share reported 9

10 E.ON Group Major investment projects (II) Renewables Blackburn Meadows Biomass Country: Capex: 0.2 bn Capacity: 33 MW E.ON Russia - Berezovskaya Lignite Country: Capex: 1.0 bn Capacity: 800 MW Generation Oskarsham II 1 Nuclear Country: Capex: 1.0 bn Modernization Generation Maasvlakte 3 Hard Coal Country: Capex: Capacity 1.6 bn MW E.ON share 54,5% - total Capex view reported 10

11 E.ON Group Major investment projects (III) Generation Datteln 4 Hard Coal Country: Capex: > 1.1 bn Capacity: MW Generation - Ratcliffe Hard Coal Country: Capex: 1.0 bn Modernization

12 E.ON Generation Nuclear Steam CCGT 12

13 Generation Business snapshot EBITDA & EBIT Generation The Generation Unit consists of 3 fleets grouping all conventional European plants with similar technology Nuclear Steam: coal, fuel oil or gas CCGT: gas or oil Currently operates about 370 power plant units throughout Europe at around 300 locations bn EBITDA EBIT E capex bn E 2015E 2014E

14 Nuclear Location of generation assets Generation Production capacity accounted (MW) % 2012 % Germany 5, , Sweden 2, , Total 8, , Production capacity pro rata (MW) % 2012 % Germany 5, , Sweden 2, , Total 8, , Production output accounted (TWh) % 2012 % Germany Sweden Total As of December 31, No change in portfolio. 14

15 Nuclear - Power stations Generation Germany 1 E.ON share Shareholders Consolidation 2 Capacity % Pro rata Accounting Start-up Shutdown (net MW) (MW) (MW) date date 1 Brokdorf E.ON/VE 2 1, ,128 1, Emsland E.ON/RWE 3 1, Grafenrheinfeld E.ON 2 1, ,275 1, Grohnde E.ON/Stw. Bielefeld 2 1, ,133 1, Gundremmingen B E.ON/RWE 1 1, Gundremmingen C E.ON/RWE 1 1, Isar 2 E.ON/SWM 1 1, ,058 1, Total 9,356 5,403 5,746 Sweden 1 E.ON share Shareholders Consolidation 2 Capacity (net MW) % Pro rata (MW) Accounting (MW) Start-up date 1 Forsmark 1 MKG/Vattenfall Forsmark 2 MKG/Vattenfall 3 1, Forsmark 3 MKG/Vattenfall 3 1, Oskarshamn 1 E.ON Sverige/Fortum Oskarshamn 2 E.ON Sverige/Fortum Oskarshamn 3 E.ON Sverige/Fortum 2 1, , Ringhals 1 E.ON Sverige/Vattenfall Ringhals 2 E.ON Sverige/Vattenfall Ringhals 3 E.ON Sverige/Vattenfall 3 1, Ringhals 4 E.ON Sverige/Vattenfall Total 9,531 2,799 2, As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 15

16 Nuclear Long term contracts Long term contracts - Delivered Generation Shareholder Consolidation 1 Capacity (net MW) E.ON share % Pro rata (MW) Delivered (MW) Partner Gundremmigen B RWE/ E.ON 1 1, EnBW Gundremmigen C RWE/ E.ON 1 1, EnBW Grohnde E.ON/ SW Bielefeld 2 1, , EnBW Gundremmigen B RWE/ E.ON 1 1, Electrabel Gundremmigen C RWE/ E.ON 1 1, Electrabel Grohnde E.ON/ SW Bielefeld 2 1, , Electrabel Total 1,292 Long term contracts - Received E.ON share Capacity % Pro rata Received Shareholder Consolidation 1 (net MW) (MW) (MW) Partner Cattenom 1 EDF 3 1, EnBW Cattenom 2 EDF 3 1, EnBW Fessenheim 1 EDF EnBW Fessenheim 2 EDF EnBW 400 MW fix EDF EnBW Doel 1 BE Electrabel Electrabel 433 Doel 1 NL Electrabel Electrabel Doel 2 BE Electrabel Electrabel 433 Doel 2 NL Electrabel Electrabel Tihange 1 BE Electrabel/ EDF Belgium Electrabel 962 Tihange 1 NL Electrabel Electrabel Total 1, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 16

17 Steam - Location of generation assets Production capacity accounted (MW) % 2012 % Germany 9, , UK 2, , Sweden 1, ,004 5 France 2, , NL/Belgium 1, ,626 8 Italy Spain ,214 5 Total 18, , Generation Production capacity pro rata (MW) % 2012 % Germany 8, , UK 2, , Sweden France 2, , NL/Belgium 1, ,626 8 Italy Spain ,214 6 Total 17, , Production output accounted (TWh) % 2012 % Germany UK Sweden <0.1 <0.1 <0.1 <0.1 France NL/Belgium Italy Spain Total As of December 31,

18 Steam - Power stations (1) Generation Germany 1 3 E.ON share Shareholders Consolidation % Pro rata Accounting Start-up 2 Fuel Type Capacity (net MW) (MW) (MW) date 1 Datteln 1 E.ON 2 HC Datteln 2 E.ON 2 HC Datteln 3 E.ON 2 HC Knepper C E.ON 2 HC GKW Weser/Veltheim 3 E.ON/Stw. Bielefeld 2 HC GKW/Veltheim 4 GT E.ON 2 G Heyden E.ON 2 HC Kiel E.ON/Stw. Kiel 3 HC Kiel/Audorf E.ON 2 O Kiel/Itzehoe E.ON 2 O Scholven B E.ON 2 HC Scholven C E.ON 2 HC Scholven D E.ON 2 HC Scholven E E.ON 2 HC Scholven F E.ON 2 HC Scholven FWK E.ON 2 HC Staudinger 4 E.ON 2 G Staudinger 5 E.ON 2 HC Wilhelmshaven E.ON 2 HC Wilhelmshaven GT E.ON 2 O Ingolstadt 3 E.ON 2 O Ingolstadt 4 E.ON 2 O Franken I/1 E.ON 2 G Franken I/2 E.ON 2 G Huntorf E.ON 2 G GT Ummeln E.ON 2 G Schkopau A + B E.ON/Saale Energie 2 L Total 9,331 8,629 9, As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 3. G: Gas HC: Hard coal L: Lignite O: Oil. 18

19 Steam - Power stations (2) Generation UK 1 3 E.ON share Shareholders Consolidation % Pro rata Accounting Start-up 2 Fuel Type Capacity (net MW) (MW) (MW) date 1 Ratcliffe U1 E.ON 2 HC Ratcliffe U2 E.ON 2 HC Ratcliffe U3 E.ON 2 HC Ratcliffe U4 E.ON 2 HC Ratcliffe Aux GT2 E.ON 2 O Ratcliffe Aux GT4 E.ON 2 O Grain Aux GT1 E.ON 2 O Grain Aux GT4 E.ON 2 O Total 2,069 2,069 2,069 Sweden 1 3 E.ON share Shareholders Consolidation % Pro rata Accounting Start-up 2 Fuel Type Capacity (net MW) (MW) (MW) date 1 Karlshamn G1 E.ON Sverige/Fortum 2 O Karlshamn G2 E.ON Sverige/Fortum 2 O Karlshamn G3 E.ON Sverige/Fortum 2 O Total 1, , As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 3. HC: Hard coal L: Lignite O: Oil. 19

20 Steam - Power stations (3) Generation France 1 E.ON share Shareholders Consolidation 2 Fuel Type 3 Capacity (net MW) % Pro rata (MW) Accountin (MW) Start-up date 1 Emile Huchet 4 E.ON 2 HC Emile Huchet 5 E.ON 2 HC + CCGT Emile Huchet 6 E.ON 2 HC Emilie Huchet 7 E.ON 2 CCGT Emilie Huchet 8 E.ON 2 CCGT Lucy 3 E.ON 2 HC Provence 5 E.ON 2 HC Total 2,708 2,708 2,708 Netherlands 1 Shareholders Consolidation Fuel Type 3 Capacity 2 (net MW) E.ON share % Pro rata Accounting (MW) (MW) Start-up date 1 Maasvlakte 1 4 E.ON 2 HC Maasvlakte 2 4 E.ON 2 HC Total 1,070 1,110 1,110 Belgium 1,4 Shareholders Consolidation Fuel Type 3 Capacity 2 (net MW) E.ON share % Pro rata Accounting (MW) (MW) Start-up date 1 Langerlo 1 E.ON 2 HC + CCGT Langerlo 2 E.ON 2 HC + CCGT Total As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 3. HC: Hard coal L: Lignite O: Oil - CCGT: Gas. 4. Power station operated by E.ON Benelux under long-term cross-border leasing arrangement. 20

21 Steam - Power stations (4) Generation Italy 1 3 E.ON share Shareholders Consolidation % Pro rata Accounting Start-up 2 Fuel Type Capacity (net MW) (MW) (MW) date 1 Fiume Santo 1-4 E.ON 2 HC + O Total Spain 1 3 E.ON share Shareholders Consolidation % Pro rata Accounting Start-up 2 Fuel Type Capacity (net MW) (MW) (MW) date 1 Los Barrios E.ON 2 HC Puente Nuevo E.ON 2 HC Total As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 3. HC: Hard coal O: Oil CCGT: Gas. 21

22 Steam Long term contracts Long term contracts - Delivered Generation E.ON share Capacity % Pro rata Delivered Shareholder Consolidation 1 (net MW) (MW) (MW) Partner Veltheim 3 E.ON/ SW Bielefeld , Morgan Stanley Buschhaus 2 E.ON EnBW Total Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 2. Sold Year-end

23 Steam Change of portfolio Generation Change of portfolio 1 Shareholder Interest % Status YE 2012 Status YE 2013 Pro rata (MW) Accounting (MW) Type of movement Change in interest % Pro rata (MW) Accounting (MW) Buschhaus E.ON 100% Sale -100% 0 0 Shamrock E.ON 100% Closure n.a. 0 0 Staudinger 1 E.ON 100% Closure n.a. 0 0 Total Germany Ironbridge 1-2 E.ON 100% Modification to Biomass n.a. 0 0 Hornaing 3 E.ON 100% Mothballing n.a. 0 0 Provence 4 E.ON 100% Modification to Biomass n.a. 0 0 Maasvlakte 1-2 E.ON 100% 1,070 1,070 Upgrade n.a. 1,110 1,110 Puertollano E.ON 100% Closure n.a. 0 0 Total Other EU countries 2,648 2,648 1,110 1, Only major changes. 23

24 Steam Mothballed assets Generation Mothballed Steam power plants E.ON share Shareholders Fleet Country % Pro rata (MW) Accounting (MW) Veltheim 4 ST E.ON/ SW Bielefeld Steam Germany 66, Total

25 Generation CCGT - Location of generation assets Production capacity accounted (MW) % 2012 % Germany 1, , UK 4, , Sweden 1, ,014 7 Italy 3, , Spain 2, , Netherlands Hungary Slovakia Total 13, , Production capacity pro rata (MW) % 2012 % Germany 1, , UK 4, , Sweden Italy 3, , Spain 2, , Netherlands Hungary Slovakia Total 13, , Production output accounted (TWh) % 2012 % Germany UK Sweden Italy Spain <0.1 < NL Hungary Slovakia 0.1 <1 <0.1 <0.1 Total As of December 31,

26 CCGT - Power stations (1) Generation Germany 1 E.ON share Shareholders Consolidation Capacity (net MW) % Pro rata (MW) Accounting (MW) Start-up date 1 Irsching 3 E.ON Irsching 4 E.ON Irsching 5 E.ON/other Kirchmöser E.ON Total 1,989 1,568 1,989 UK 1 E.ON share Shareholders Consolidation Capacity (net MW) % Pro rata (MW) Accounting (MW) Start-up date 1 Cottam Development Centre E.ON Connahs Quay U1 E.ON Connahs Quay U2 E.ON Connahs Quay U3 E.ON Connahs Quay U4 E.ON Enfield E.ON Taylors Lane GT2 E.ON Taylors Lane GT3 E.ON Killingholme Mod 1 E.ON Killingholme Mod 2 E.ON Grain 6 E.ON Grain 7 E.ON Grain 8 E.ON Total 4,575 4,575 4, As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 26

27 CCGT - Power stations (2) Generation Sweden 1 E.ON share Shareholders Consolidation Capacity (net MW) % Pro rata (MW) Accounting (MW) Start-up date 1 Öresundsverket E.ON Sverige Öresundsverket GT G24 E.ON Sverige Öresundsverket GT G25 E.ON Sverige Barsebäck GT1 E.ON Sverige Barsebäck GT2 E.ON Sverige Halmstad G11 E.ON Sverige Halmstad G12 E.ON Sverige Karlshamn G13 E.ON Sverige Other E.ON Sverige/ Fortum Total 1, ,014 Italy 1 Shareholders Consolidation 2 Capacity (net MW) E.ON share % Pro rata (MW) Accounting (MW) Start-up date 1 Tavazzano 5-6 E.ON , Ostiglia 1-3 E.ON , Scandale E.ON/A2A , Livorno Ferraris E.ON/BKW Italia , Trapani E.ON , CEF E.ON/Foster Wheeler , Mira E.ON , Total 4,259 3,591 3, As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 27

28 CCGT - Power stations (3) Generation Spain 1 E.ON share Shareholders Consolidation Capacity (net MW) % Pro rata (MW) Accounting (MW) Start-up date 1 Escatrón E.ON Tarragona E.ON Algeciras E.ON Total 2,011 2,011 2,011 Belgium 1 E.ON share Shareholders Consolidation Capacity (net MW) % Pro rata (MW) Accounting (MW) Start-up date 1 Vilvoorde E.ON Total Hungary 1 E.ON share Shareholders Consolidation Capacity % Pro rata Accounting Start-up 2 (net MW) (MW) (MW) date 1 Gönyu E.ON Total As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 28

29 Generation CCGT - Power stations (4) Change of portfolio 1 Status YE 2012 Status YE 2013 Shareholder Interest % Pro rata (MW) Accounting (MW) CEF E.ON 58% Scandale E.ON 50% Type of movement Change in interest % Pro rata (MW) Accounting (MW) Consolidation method n.a Consolidation method n.a Tavazzano 8 E.ON 100% Mothballing n.a. 0 0 Trapani E.ON 100% Upgrade n.a Malzenice E.ON 100% Mothballing n.a. 0 0 Total Other EU countries 1,377 1, Only major changes. 29

30 CCGT Mothballed assets Generation Mothballed CCGT power plants E.ON share Shareholders Fleet Country % Pro rata (MW) Accounting (MW) Malzenice E.ON CCGT Slovakia 100, Tavazzano 8 E.ON CCGT Italy 100, Total

31 E.ON Renewables Germany France Spain Portugal Italy Poland - U.K. - Denmark - Sweden - US 31

32 Renewables Business snapshot E.ON Climate & Renewables is responsible for E.ON s industrial-scale renewable energy activities Develops, builds and operates large renewable energy assets, primarily in Europe and North America Its technology portfolio covers onshore and offshore wind, concentrating solar power (CSP) and photovoltaic EBITDA bn E capex (incl. hydro) ECR Renewables Hydro bn E 2015E 2014E

33 Generation capacity and output by technology Renewables Generation capacity (MW) Accounting view % 2012 % Hydro 4, , Onshore wind 3, , Offshore wind Biomass Small hydro Solar PV/CSP Total 10, , Generation output (TWh) Accounting view % 2012 % Hydro Onshore wind Offshore wind Biomass Small hydro Solar PV/CSP Total Generation capacity (MW) Pro rata view % 2012 % Hydro 4, , Onshore wind 4, , Offshore wind Biomass Small hydro Solar PV/CSP Total 10, , As of December 31,

34 Renewables Generation capacity and output by country Generation capacity (MW) Accounting view % 2012 % USA 2, , UK 1, Italy Spain Germany 2, , Denmark & Sweden 1, , France Poland Portugal Total 10, , Generation output (TWh) Accounting view % 2012 % USA UK Italy Spain Germany Denmark & Sweden France Poland Portugal Total Generation capacity (MW) Pro rata view % 2012 % USA 2, , UK 1, Italy Spain 1, , Germany 2, , Denmark & Sweden 2, , France Poland Portugal Total 10, , As of December 31,

35 Change of portfolio (ex large Hydro) Renewables Change of portfolio 1 Shareholder Interest % Status YE 2012 Status YE 2013 Pro rata Accounting Type of Change in Pro rata Accounting (MW) (MW) movement interest % (MW) (MW) Fiume Santo 3 E.ON n.a. - - Construction 100% 4 4 Valencia E.ON n.a. - - Construction 100% 13 0 Wysoka E.ON n.a. - - Construction 100% 8 8 Rosehall E.ON n.a. - - Construction 100% London Array E.ON n.a. - - Construction 30% Karehamn E.ON n.a. - - Construction 100% Villkol E.ON n.a. - - Construction 100% Camster E.ON n.a. - - Construction 100% Ironbridge E.ON n.a. - - Technology conversion n.a Total 1,098 1,085 Kalkhorst edis 74% 3 4 Sale -74% 0 0 Werder edis 74% 6 8 Sale -74% 0 0 Papalote I + II E.ON 100% Sale -50% Stony Creek E.ON 100% Sale -50% 26 0 Total Only major changes 35

36 Renewables assets in Germany (1) Renewables Locations in Germany 1 Hydro Proprietary Run of River 1 E.ON share Operating sites Capacity and output 1, Generation capacity (MW) 2,072 2,244 Generation output (TWh) Shareholders Consolidation 4 Capacity (net MW) % Pro rata (MW) Accounting (MW) Start-up date 1 Obernach E.ON Mühltal E.ON Aufkirchen D+E E.ON Eitting D+E E.ON Pfrombach D E.ON Altheim E.ON Niederaichbach E.ON Gummering E.ON Dingolfing E.ON Landau E.ON Ettling E.ON Pielweichs E.ON Geisling E.ON / Other ³ Straubing E.ON / Other ³ Prem E.ON Urspring E.ON Dessau E.ON Dornau E.ON Kaufering E.ON Schwabstadl E.ON Scheuring E.ON Prittriching E.ON Unterbergen E.ON Merching E.ON Bergheim E.ON / Other ³ Bertoldsheim E.ON / Other ³ Bittenbrunn E.ON / Other ³ Ingolstadt E.ON / Other ³ Vohburg E.ON / Other ³ Oberpeiching E.ON / Other ³ Rain E.ON / Other ³ Ellgau E.ON / Other ³ Kachlet E.ON / Other ³ Faimingen E.ON / Other ³ Höchstädt E.ON / Other ³ Others (< 10 MW) Total As of December 31, Accounting view. 3. Other = ENBW / Lechwerke. 4. Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 36

37 Renewables Renewables assets in Germany (2) Locations in Germany 1 Hydro Proprietary Storage 1 E.ON share Shareholders Consolidation 2 (net Capacity MW) % Pro rata (MW) Accounting (MW) Start-up date 1 Walchenseekraftwerk D+E E.ON Roßhaupten E.ON Bringhausen E.ON / Hemfurth E.ON /94 4 Helminghausen E.ON Total Operating sites Hydro Proprietary Pump storage 1 Shareholders Consolidation 2 Capacity (net MW) % Pro rata (MW) E.ON share Accounting (MW) Start-up date 3 Waldeck I E.ON / Waldeck II E.ON Langenprozelten E.ON/other Happurg E.ON /65 7 PSP Oberberg E.ON Total As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated 3. Lechwerke/ENBW. 37

38 Renewables assets in Germany (3) Renewables Wind parks Locations in Germany 1 Onshore wind parks Shareholders Consolidation 2 Capacity (net MW) % Pro rata (MW) E.ON share Accounting Start-up (MW) date 1 Cuxhaven E.ON/RWE Kessin E.ON/Other Schönerlinde II E.ON/Other Windpark Dargelütz E.ON Helmstedt-Treue E.ON Windpark Treue-Ost E.ON Alt Mahlisch I edis Alt Mahlisch II edis Alt Mahlisch III edis Badingen edis Breitling edis Buschmühlen edis Carzig edis Edersleben edis Frauenhagen edis Ketzin edis Operating sites 1. As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 38

39 Renewables assets in Germany (4) Renewables Wind parks 1 Locations in Germany 1 Onshore wind parks E.ON share / /5 6/7 Shareholders Consolidation 2 Capacity (net MW) % Pro rata Accounting (MW) (MW) Start-up date 1 Losten edis Löwitz edis Miltzow edis Mutzschen edis Mutzschen II edis Naundorf 1 edis Naundorf 2 edis Neustadt Dosse edis / Poppendorf edis Poppendorf II edis Riethnordhausen edis Schortewitz edis Schönerlinde edis Seelow edis Thaerfelde edis Wriezen edis /2001 Total Operating sites Offhore wind parks 17 Alpha Ventus E.ON/EWE/ Vattenfall As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated.. 39

40 Renewables Renewables assets in France Renewables assets 1 Onshore wind parks 1 E.ON share Shareholders Consolidation 2 Capacity (net MW) % Pro rata (MW) Accounting (MW) Start-up date 1 Lehaucourt E.ON Ambon E.ON LV Cernon E.ON Muzillac E.ON Caulières E.ON Kergrist E.ON Total Solar parks 1 E.ON share Shareholders Consolidation 2 Capacity (net MW) % Pro rata (MW) Accounting (MW) Start-up date Operating sites 7 Le Lauzet E.ON Brigadel E.ON Total As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 40

41 Renewables Renewables assets in Spain (1) Locations in Spain 1 Hydro 1 E.ON share Shareholders Consolidation 3 Capacity (net MW) % Pro rata (MW) Accounting (MW) Start-up date Remolina E.ON Arenas E.ON Urdón E.ON Camarmeña E.ON Paraya E.ON Doiras E.ON / Silvón E.ON / Arbon E.ON Aguayo E.ON Aguilar E.ON Torina E.ON Bárcena E.ON Begasa E.ON Total Operating sites Capacity and output 1, Generation capacity (MW) Generation output (TWh) 1,3 1,0 1. As of December 31, Accounting view. 3. Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 41

42 Renewables assets in Spain (2) Renewables Locations in Spain 1 Onshore wind parks 1 E.ON share Operating sites Project location Shareholders Consolidation 2 Capacity (net MW) % Pro rata (MW) Accounting Start-up (MW) date 1 Ascoy E.ON/Elecdey Bodenaya E.ON La Victoria E.ON Carcelén E.ON/EDP Páramo de Poza E.ON/Enerfin Pax E.ON/EURUS Pico Gallo E.ON Mingorrugio E.ON Sierra de Tineo E.ON Matabuey E.ON/ASCIA Bargas E.ON/GEA Remolinos E.ON/EDP Planas de Pola E.ON/EDP Mallén E.ON Magallón E.ON/GEA Borja 2 E.ON/EDP Borja 1 E.ON/EDP Boquerón E.ON/EDP Hiperion E.ON Total As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated.. 42

43 Renewables Renewables assets in Spain (3) Locations in Spain 1 Biomass 1 E.ON share Shareholders Consolidation 2 (net Capacity MW) % Pro rata (MW) Accounting (MW) Start-up date 1 Juneda Abantia Total Small hydro 1 E.ON share Shareholders Consolidation 2 Capacity (net MW) % Pro rata (MW) Accounting (MW) Start-up date 2 Giribaile (Jaén) E.ON CRISA E.ON Total Concentrated solar power 1 E.ON share Operating sites Shareholders Consolidation 2 (net Capacity MW) % Pro rata (MW) Accounting (MW) Start-up date 4 Helioenergy 1&2 E.ON/Abengoa As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated.. 43

44 Renewables assets in Portugal Renewables Wind parks 1 Onshore wind parks 1 E.ON share Project location Shareholders Consolidation 2 Capacity (net MW) % Pro rata (MW) Accounting Start-up (MW) date 1 Joguinho E.ON/ Valouro Group E.ON/ 2 Alto de Folgorosa Valouro Group Espinhaço de Cao E.ON Barao Sao Joao E.ON/Other Total Operating sites 1. As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated.. 44

45 Renewables Renewables assets in Italy (1) Locations in Italy 1 Hydro 1 E.ON share Shareholders Consolidation 3 Capacity (net MW) % Pro rata Accounting (MW) (MW) Start-up date 1 1 Baschi-Alviano E.ON /64 1 Cotilia E.ON Galleto M.S. Angelo E.ON /71 1 Galleto Pennarossa E.ON M. Argento E.ON Narni E.ON Nera Montoro E.ON /94 1 Preci E.ON Sigillo E.ON Triponzo E.ON Others (<5MW) E.ON Total Operating sites Capacity and output 1, Generation capacity (MW) Generation output (TWh) As of December 31, Accounting view. 3. Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 45

46 Renewables assets in Italy (2) Renewables Renewables assets Onshore wind parks 1 E.ON share Shareholders Consolidation Capacity (net MW) % Pro rata (MW) Accounting (MW) Start-up date 1 Alcamo E.ON Florinas E.ON Vizzini E.ON Montecute E.ON Poggi Alti E.ON Marco A. Severino E.ON Iardino E.ON Serra Pelata E.ON Serra Pelata II E.ON Piano di Corda E.ON Piano di Corda II E.ON Santa Ninfa E.ON Total Solar PV 1 Shareholders Consolidation 2 Capacity (net MW) % Pro rata (MW) E.ON share Accounting (MW) Start-up date Operating sites 11 Fiumesanto parking E.ON Fiumesanto 2 E.ON Fiumesanto 5 E.ON Fiumesanto 3 E.ON Costa de Nobili E.ON Frugarolo E.ON Civitella E.ON Nepi I + II E.ON Total As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated.. 46

47 Renewables assets in Poland Renewables Wind parks 1 Onshore wind parks E.ON share 4 Shareholders Consolidation 2 Capacity (net MW) % Pro rata Accounting (MW) (MW) Start-up date Lebcz 1 edis Lebcz 2 edis Wielkopolska E.ON Barzowice E.ON Wysoka I E.ON Total Operating sites 1. As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated.. 47

48 Renewables assets in U.K. (1) Renewables Renewables assets 1 Onshore wind parks 1 E.ON share 4 Operating sites Share- Holders Consolidation 2 Capacity Pro rata (net MW) % (MW) Accounting (MW) Start-up date ROCs 3 1 Askam E.ON Stags Holt 5A E.ON / Bowbeat E.ON Deucheran Hill E.ON Haswell Moor E.ON Holmside E.ON High Volts E.ON Hare Hill E.ON Lowca E.ON Oldside E.ON Out Newton E.ON Ovenden Moor First Renew Eurus 13 Rhyd-y-Groes Energy Royd Moor First Renew Siddick E.ON Great Eppleton E.ON Butterwick Moor E.ON Tween Bridge E.ON Camster E.ON Rosehall E.ON Total As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated.. 3. Average ROCs/MWh received 48

49 Renewables assets in U.K. (2) Renewables Renewables assets 1 Offshore wind parks and biomass plants 1 E.ON share Shareholders Consoli Capacity -dation 2 (net MW) % Pro rata Accounting Start-up (MW) (MW) date ROCs 3 Biomass 1 Steven's Croft E.ON Ironbridge E.ON Total Offshore wind 3 Blyth E.ON ,5 4 Scroby Sands E.ON Robin Rigg East E.ON Robin Rigg 5 West E.ON ,5 6 London Array E.ON Total Operating sites 1. As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated.. 3. Average ROCs/MWh received. 49

50 Renewables Renewables assets in Denmark and Sweden (1) Locations in Sweden 1 Hydro 1 E.ON share Operating sites Capacity and output 1, Generation capacity (MW) 1,559 1,779 Generation output (TWh) Shareholders Consoli- Capacity dation 3 (net MW) % Pro rata (MW) Accounting Start-up (MW) date 1 Bålforsen E.ON Sverige Bergeforsen E.ON Sverige/ Vattenfall Blåsjön E.ON Sverige/ Fortum Degerforsen E.ON Sverige Edensforsen E.ON Sverige Gulsele E.ON Sverige Hällby E.ON Sverige Edsele E.ON Sverige Forsse E.ON Sverige Hjälta E.ON Sverige Moforsen E.ON Sverige Ramsele E.ON Sverige Sollefteå E.ON Sverige Storfinnforsen E.ON Sverige Linnvasselv E.ON Sverige/ Fortum Gammelänge E.ON Sverige/ Fortum Krångede E.ON Sverige/ Fortum Rätan E.ON Sverige Trångfors E.ON Sverige Stensjönfallet E.ON Sverige/ Fortum Other (<50 MW) Total 2,351 1,781 1, As of December 31, Accounting view. 3. Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated. 50

51 Renewables assets in Denmark and Sweden (2) Renewables Wind parks 1 Onshore and offshore wind parks 1 Shareholders Consolidation 2 (net Capacity MW) E.ON share % Pro rata Accounting (MW) (MW) Start-up date Onshore wind 1 Boel E.ON Operating sites 2 Lundåkra 1 & 2 E.ON Lundåkra 3 & 4 E.ON Vindön 1-12 E.ON Västra Götaland 1 E.ON E.ON/Anders 6 Halland 1/2 Månsson /12 7 Kalmar 1 E.ON/Other Örken E.ON Skabersjö E.ON/Other Skane 2 E.ON Villkol E.ON Total Offshore wind 12 Rødsand 2 E.ON Karehamn E.ON Total As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated... 51

52 Renewables assets in US Renewables Renewables assets Onshore wind parks 1 E.ON share Shareholderdation Consoli- Capacity % Pro rata Accounting Start-up PPA % 4 2 (net MW) (MW) (MW) date 1 Forest Creek E.ON % 2 Sand Bluff E.ON % 3 Munnsville E.ON % 4 Roscoe 3 E.ON % 5 Champion 3 E.ON % 6 Inadale - Phase I&II 3 E.ON % 7 Pyron 3 E.ON % 8 Papalote I E.ON % 9 Papalote II E.ON % 10 Stony Creek E.ON % 11 Panther Creek - Phase I & II E.ON % 12 Panther Creek III E.ON % 13 Pioneer Trail E.ON % 14 Settlers Trail E.ON % 15 Anacacho E.ON % 16 Magic Valley I E.ON % 17 Wildcat I (fka Grant I) E.ON % Total 2,727 2,511 2, Solar PV 1 E.ON share Operating sites Shareholders Consolidation 2 Capacity (net MW) % Pro rata (MW) Accounting (MW) Start-up date 18 Tech Park Solar (FSP2) E.ON Valencia E.ON Total As of December 31, Consolidation: 1 E.ON share; pro rata consolidation 2 E.ON share; full consolidation 3 E.ON share; not consolidated Part of the Roscoe complex 4. % to be sold under Power Purchase Agreements 52

53 E.ON Exploration & Production Rita Babbage Elgin Franklin Huntington Njord Skarv Yuzhno Russkoye

54 E&P Business snapshot E&P business commenced in 2003 after acquisition of Ruhrgas by E.ON Major portfolio development steps: Elgin- Franklin (2003), Njord (2003 & 2005), Caledonia (2005), Skarv (2007) and Yuzhno Russkoye (2009) Focus on selected hydrocarbon provinces: Offshore UK, Norway and Russia Portfolio managed across whole E&P value chain: exploration, development and production EBITDA & EBIT bn EBITDA EBIT E capex bn 0.5 E&P E 2015E 2014E

55 E&P North Sea Assets in operation 1 and under construction Norwegian Sea Interest in % Skarv/Idun 28 Njord 30 Hyme 17.5 Central North Sea Interest in % Elgin/Franklin 5.2 Scoter 12.0 West Franklin 5.2 Merganser 7.9 Glenelg 18.6 Huntington 25 Southern North Sea Interest in % Rita 74.0 Ravenspurn North 28.8 Johnston 50.1 Caister 40.0 Babbage 47.0 Orca Only fields in production by the end of

56 Oil and gas production E&P Production mm boe bcm North Sea movements in 2P reserves 1 Mboe Reserves at start of Revisions Improved recovery + Discoveries 6 - Production Purchases of reserves = Reserves at end of Russia gas North Sea gas North Sea liquids E.ON share net volumes 56

57 North Sea Production E&P Production (E.ON share net volumes) Liquids and Gas Liquids Gas Field mboe mboe mboe mboe mboe mboe Huntington Elgin Franklin Babbage Johnston Other Total UK Skarv Njord Hyme Other Total Norway Total North Sea Snadd North & Asha 2. Arran, Caister, Glenelg, Hunter, Merganser, Orca, Ravenspurn North, Rita, Scoter 57

58 North Sea 2P Reserves E&P Reserves (E.ON share net volumes) Liquids and Gas Liquids Gas Field mboe mboe mboe mboe mboe mboe Huntington Elgin Franklin Babbage Johnston Other Total UK Skarv Njord Hyme Other Total Norway Total North Sea Snadd North & Asha 2. Arran, Caister, Glenelg, Hunter, Merganser, Orca, Ravenspurn North, Rita, Scoter 3. Due to pending approval of any further Njord investments, the reserves was downgraded as they only include volumes only from existing wells 58

59 Russia Yuzhno Russkoye E&P Yuzhno Russkoye E.ON share 25% Production Start of production Q4/2007 Total production 2013: 6.25 BCM (25%) Plateau production of approximately 25 bcm/a (100%) Reserves Proven and probable reserves of ca billion m³ or at least 35 years of production 1. According to Swap Agreement 59

60 E.ON Global Commodities Proprietary Trading Optimization Storage & Transport

61 Global Commodities Global Commodities Business snapshot EBITDA & EBIT E.ON Global Commodities acts as the central commodity risk manager and asset optimizer, managing up to 90% of unregulated energy commodity price risks for the E.ON Group Identifies and captures opportunities along the entire energy value chain on a global scale From the optimization and hedging of E.ON s power and gas portfolio to the sourcing, storage, transport and marketing of global physical commodities such as coal, LNG, and oil Active at energy exchanges throughout Europe and in the US as well as in global OTC markets bn EBITDA EBIT E capex bn E 2015E 2016E 61

62 Power & Carbon trading and optimization Global Commodities E.ON Trading offices & exchanges Generation capacity optimized by EGC U.S.: 2.7 GW (onshore wind) E.ON trading floor E.ON trading floor Exchange 11 E.ON dispatch office Netherlands: 3.3GW Nordic: 6.8 GW Germany: 12.7GW UK: 7.5GW Belgium: 1.4GW France: 4.1GW N2EX 2 APX UK 3 APX NL 4 Endex 5 Belpex 6 Powernext 8 7 Bluenext 8 Omel (ES) 9 Omel (PT) 10 Omip 11 Nord Pool 12 POLPX EEX 14 PXE 15 HUPX 16 PXE/EXAA 17 EXAA 18 South Pool 19 EEX (CH) 20 IPX 21 ECX 22 NYMEX (US) 23 GreenX (US) 24 CCFE (US) Europe total: 42 GW (incl. trading, scheduling and dispatching) Slovakia: 0.4GW Hungary: 0.4GW Italy: 5.6 GW 62

63 Gas trading Global Commodities Gas hubs: where is E.ON active EGC trades Gas via OTC and at the major energy exchanges, including EEX (DE), APX (UK and NL), Endex (BE and NL), Powernext (FR), ICE (UK), and NYMEX (US). Henry Hub Norway Russia NL GTF NBP ZEE TTF GasP NCG Russia PEG CEGH LNG AOC TIGF PEG PSV E.ON core gas markets Liquid/Semi liquid hubs Emerging hubs Algeria Algeria Libya Long term gas supply Main pipeline connections 1. As of December 31,

64 LNG regas capacity LNG total capacity (bcm/a) Current capacity by terminal Global Commodities 8 LNG terminals (E.ON capacity) Isle of Grain (1.7 bcm) Gate (3 bcm) A 2010A 2011A 2012A 2013A Spain Netherlands UK Huelva (access) Barcelona (access) OLT/Livorno (47%shareholding) 64

65 Coal & Freight trading Global Commodities International steam coal imports by country 2013 (In Megatons) MT total 1. Physical steam coal volumes imported by E.ON Global Commodities for E.ON own use only does not include coal volumes procured from Germany, UK and Spain 65

66 Global Commodities Gas Storage Gas storage asset map Etzel EGL Etzel ESE Germany Gas storage capacities (bcm) 1 Krummhörn Nüttermoor Epe H-Gas Epe L-Gas Stockstadt Hähnlein Sandhausen 3 UK A 2009A 2010A 2011A 2012A 2013A Austria Ger ma ny Austria UK Hunga ry 7Fields 1. As of December 31, 2013; Hungarian storage asset divested in Q

67 Gas storage - Asset portfolio Germany Withdrawal Rate (MWh/h) Injection Rate (MWh/h) Working Capacity (GWh) Application 1 Bierwang 13,440 8,960 15,680 Mainly seasonal use 2 Breitbrunn 5,824 2,800 11,110 Seasonal use 3 Epe H-Gas 19,720 13,920 17,574 Peak shaving and seasonal use 4 Epe L-Gas 11,760 5,802 4,420 Peak shaving 5 Eschenfelden Peak shaving and seasonal use 6 Etzel EGL 15,312 6,960 11,925 Seasonal use and peak shaving 7 Etzel ESE 16,368 16,043 11,797 Seasonal use and peak shaving 8 Hähnlein 1, Peak shaving and seasonal use 9 Kraak 4,480 1,904 3,163 Seasonal use and peak shaving 10 Krummhörn 3,540 1,041 2,668 Peak shaving 11 Nüttermoor 2,921 1,982 1,290 Peak shaving 12 Reitbrook 3,920 1,680 4,256 Seasonal use and peak shaving 13 Rönne Peak shaving 14 Sandhausen Peak shaving and seasonal use 15 Stockstadt 1,526 1,017 1,526 Seasonal use and peak shaving Austria Global Commodities Withdrawal Rate (MWh/h) Injection Rate (MWh/h) Working Capacity (GWh) Application 1 7 Fields 6,799 4,537 13, 049 Mainly seasonal use UK Withdrawal Rate (MWh/h) Injection Rate (MWh/h) Working Capacity (GWh) Application 1 Holford 9,930 9,930 1,820 Peak shaving 67

68 Gas transport - Infrastructure shareholdings Main pipeline assets Main infrastructure shareholdings 1 Global Commodities Shareholding Capacity bcm/a Start-up date Share held (%) 2 BBL Company V.O.F Nord Stream AG / Nord Stream OPAL BBL OPAL Trans Adriatic Pipeline AG (TAP) TAP Southern supply corridor In operation Project phase 1. As of December 31, Share held not correlating to potential capacity booking 3. Held indirectly via PEG Infrastruktur AG, Zug, Switzerland 68

69 Germany Distribution Sales Distributed Energy

70 Germany Germany Business snapshot EBITDA The segment groups activities in the fields of power & gas distribution networks, sales and distributed energy solutions in Germany Distribution: leading player in the German distribution grid landscape with four network companies E.ON Hanse, e.dis, avacon and bayernwerk Sales: E.ON Energie Deutschland is a leading partner for power, gas and energy services throughout Germany Distributed energies: main focus on district heating, mini-midi and industrial CHP bn EBITDA EBIT E capex bn E 2015E 2014E

71 Market overview - Power Germany Market structure 1 Key figures power market E.ON shareholdings 1,3 Overall market 2 Generators (> 100 MW) Grid operators Number of companies ~ 300 ~ 930 Power supplied billion kwh 590 billion kwh Customers 5.26 million 45.4 million Generation output (Oil/gas, hydro, renewables, waste) 1.3 billion kwh - Electricity traders ~ 130 Electricity suppliers ~ 1,170 Customers 1. Source: BDEW, February As of December 31, BDEW, preliminary figures Consolidated shareholdings >50.0 percent 71

72 Market overview - Gas Germany Market structure 1 Key figures gas market 1 Imports Domestic production E.ON shareholdings 1,2 Overall market 3 1,037 billion kwh 116 billion kwh Gas supplied billion kwh 1,152 billion kwh Wholesaler Customers 0.86 million Gas demand billion kwh Over 890 regional and local municipalities Distribution companies Gas consumption 956 billion kwh Source: preliminary figures 2013, BDEW. 1. As of December 31, Consolidated shareholdings >50.0 percent. 3. BDEW, preliminary figures Domestic and non-domestic customers. Non-domestic customers are equivalent to number of dwellings supplied with natural gas for heating 72

73 Activities in power and gas distribution Germany E.ON s German power and gas distribution system Major shareholdings 1 Interest (%) E.ON Hanse AG 68.0 E.DIS AG 65.5 Avacon AG 63.3 Bayernwerk AG Berlin Key data gas 2013 Network length 59,000 km Market share (based on network length) ~14% Gas Vol. Grid Conduct (TWh) 104 TWh Key data power 2013 E.ON s distribution system Network length 352,000 km Market share (based on network length) ~19% Electricity Vol. Grid Conduct (TWh) 114 TWh Network quality (SAIDI) 2 27min 1. As of December 31, SAIDI: The System Average Interruption Duration Index is the average outage duration for each customer served per year 73

74 Regulation General basics Process steps of regulatory system Germany Cost Audit + Benchmarking Yearly revenue cap every 5 years yearly adjustment Revenue cap incentive regulation Cost audit and benchmarking once per regulatory period (5 years) Total costs of historic base year basis for benchmarking & revenue cap Efficiency level determines revenue path of regulatory period Yearly adjustment of revenue cap by Consumer Price Index (CPI) General efficiency factor of 1.5% Individual efficiency factor from benchmarking Grid expansion yearly application & adjustment DSO applies yearly for grid expansion Increases revenue cap within a regulatory period Network tariff yearly adjustment Based on energy consumption Differ for different network areas within Germany 74

75 Base year Base year Germany Regulation Regulatory schedule Power distribution 1 Comments 1 st regulatory period 2 nd regulatory period 3 rd Cost of base year 2011 is basis for allowed revenues from 2014 onwards Regulatory cost audit and benchmarking took place from mid 2012 to end 2013 Replacement investments in the years 2012 to 2016 are reflected in allowed revenues partly from 2019 onwards Benefits from performance measures effective in the years 2012 to 2018 can be kept until 2019 Cost Audit + Benchmark Cost Audit + Benchmark Revenue cap (individual efficiency = 100%) Cost base for revenue cap 1. For gas distribution: first regulatory period ended Therefore the base year for the second period was The second period for gas lasts from beginning of 2013 to the end of

76 Germany Regulation Cost base Composition of cost base Cost base = Allowed OPEX Cost structure of efficient system operator Including actual cost of debt + Allowed Return on equity + Allowed Depreciation Equity financed part of the Regulated Asset Base up to a maximum equity level of 40% multiplied with 9.05% (nominal) Based on Regulated Asset Base with regulatory asset lifetimes of 30 to 45 years expense based (P&L) imputed calculations of capital costs 76

77 Germany Activities in the sales market Sales market Major shareholdings 1 Interest (%) E WIE EINFACH GmbH E.ON Energie Deutschland GmbH Energy solutions E WIE EINFACH E.ON offers new services and innovative solutions e.g. photovoltaik smart meter smart home e-mobilit, EEG-Direktvermarktung Demand Response Management E.ON Energie Deutschland 1. As of December 31,

78 Other EU Countries U.K. Sweden Italy Spain France Netherland Hungary Czechia Slovakia - Romania

79 Other EU Countries Business snapshot Other EU Countries EBITDA Other EU Countries include the power & gas distribution networks, sales, and distributed energy solutions businesses in 10 EU countries outside Germany Significant market share of up to 60% in some distribution markets 9m network customers, 431,000 km of power distribution networks in 6 countries, 44,000 km of gas distribution networks in 4 countries 18m sales customers in 10 countries bn EBITDA EBIT E capex bn E 2015E 2014E

80 E.ON U.K. Market overview - Activities

81 Market Overview - Power Other EU Countries U.K. Power market structure 1 Key figures power market 1 Generation 2 ~69 CHP Schemes (at >10 MWe) in operation, plus large number of smaller operators. Transmission 3 system operators Distribution 7 network operators covering 15 distribution areas Power supplied (excl. power market) E.ON shareholdings Overall market 49.7 billion kwh 305 billion kwh Residential Customer Accounts million 27.1 million CHP power volume 1.0 billion kwh - Power customer accounts 3 Total: ~5.0 million 0.53 million Small & medium enterprises 4.37 million Residential Retail 6 large domestic suppliers (each with a market share of >5%) and further smaller suppliers holding remaining market share 10 large business to business suppliers Involvement of regional unit U.K. No involvement of regional unit U.K. U.K. sales by customer segment 1,4 Power /- % Power residential and SME Power I&C Power market sales Total For other generation activities refer to part Generation. 2. CHP activities only, as at end of As of December 31, 2013, see also point 2 below 2. Power Accounts only, customer accounts market data from 31/10/13 3. Excludes I&C as customers measures by volume consumption not number 4. Billion kwh. 81

82 Market Overview - Gas Other EU Countries U.K. Gas market structure Key figures power market 1 E.ON shareholdings Overall market Gas Supplied 66.3 billion kwh 588 billion kwh Residential Customer Accounts million 22.5 million Power customer accounts 3 Total: ~3.1 million 0.13 million Small & medium enterprises 2.93 million Residential U.K. sales by customer segment 1,4 Operating sites Gas /- % Gas residential and SME Gas I&C Gas market sales Total As of December 31, 2013, see also point 2 below 2. Gas Accounts only, customer accounts market data from 31/10/13 3. Excludes I&C as customers measured by volume consumption not number 4. Billion kwh. 82

83 Other EU Countries U.K. Activities in the retail market Retail market Major shareholdings Interest (%) n/a n/a n/a n/a Other activities Smart metering: on track to deliver one million smart meters by the end of 2015 Community energy: Market leader in the UK for the development of decentralized community energy schemes Primarily focused on district heating solutions, low carbon heat, and hot water Obligation delivery: committed to delivering the UK government mandated energy saving Operating sites 83

84 E.ON Sweden Market overview Activities

85 Other EU Countries Sweden Market overview - Power Power market structure Key figures power market 1 Generation 1 ~370 operators (Vattenfall, Fortum, Statkraft, E.ON and DONG account for ~50 % of the market) 2 Trading ~370 operators 3 Sweden E.ON shareholdings 2013 Overall market 2012 Power supplied 14.8 billion kwh billion kwh 2 Customers 0.8 million 5.2 million 2 Transmission 3 Sweden: Svenska Kraftnät 100% Finland: Fingrid 100% Norway: Statnett 90% other 10% Denmark: Energinet.dk 100% Estonia: Elering 100% Lithuania: Litgrid 100% Distribution ~500 operators 3 (Vattenfall, Fortum, E.ON account for ~35 % of the market) 4 Retail ~370 operators 3 (Vattenfall, Fortum, Statkraft, E.ON and DONG account for ~30 % of the market) 4 Denmark E.ON shareholdings 2013 Overall market 2012 Power supplied 0.1 billion kwh 33.8 billion kwh 3 Customers million 4 Finland 7 E.ON shareholdings 2013 Overall market 2012 Power supplied 1.1 billion kwh 82.2 billion kwh 6 Customers 3.1 million 6 Involvement of regional unit Sweden No involvement of regional unit Sweden 1. As stated on Nordpool includes whole Nordpool market (i.e. Nordic countries + Estonia +Lithuania) 2. Nord Pool Spot and company websites. / 3. Nord Pool Spot website and Nordic Energy Regulators 4. Nordic Energy Regulators 1. E.ON shareholdings preliminary numbers as of 31 December, 2013; Overall market as of December 31, Customers correspond to Retail Customers 2. Swedish Energy Market Inspectorate and Nordic Energy Regulators 3. Danskenergi.dk 4. Danish Energy Association 2011 figures only 5. E.ON in Denmark has no retail customers, only business customers. Average value during Finnish Energy Industries and Finnish Energy Market Authotity 7. Finland-activities have been sold; effective from

86 Market overview - Gas Other EU Countries Sweden Gas market structure Key figures gas market 1 Sweden Production No indigenous production, 100% import from Denmark 1 Transmission TSO Swedegas 2 Distribution 5 operators: E.ON Gas Sverige, Göteborgs Energi, Öresundskraft, Kraftringen & Varbergs Energi 1 Denmark Production 1 main operator (>90% of Danish production) Dansk Undergrunds Consortium (DUC) and DONG Energy (8%) 4 Transmission TSO Energinet.dk 5 Distribution 5 operators: (HMN Naturgas 60% and DONG Energy 30%) 6 Finland Production No indigenous production, 100% import from Russia 8 Transmission TSO Gasum Oy 8 Distribution 23 operators 9 Sweden E.ON shareholdings 2013 Overall market 2012 Gas supplied 2.9 billion kwh 12.9 billion kwh 2 Customers Denmark E.ON shareholdings 2013 Overall market 2012 Gas supplied 0.4 billion kwh 43.5 billion kwh 3 Customers Finland E.ON shareholdings 2013 Overall market 2011 Gas supplied 0.2 billion kwh 39.5 billion kwh 5 Customers Retail Retail Retail 6 operators: E.ON Gas, Dong Energy, Göteborgs Energi, Kraftringen, Varberg Energi & Öresundskraft 3 15 operators 7 (for example: DONG Energy, HMN Naturgas) 23 operators 9, whereof Gasum Oy is the largest Involvement of regional unit Sweden No involvement of regional unit Sweden 1. Swedish Energy Markets Inspectorate. 2. Swedegas. 3. Company s home pages. 4. Nordic Energy Perspectives. 5. Energinet.dk. 6. ERGEG (Denmark 2011). 7. Gasmarkedet i Danmark. 8. Gasum. 9. ERGEG (Finland 2011), figures from end of E.ON shareholdings preliminary numbers as of 31 December, 2013; Overall market as of December 31, Statistics Sweden (scb.se) and Swedish Energy Markets Inspectorate 3. Danish Energy Agency and Dansk Gasteknisk Center 4. Average value during Finnish Gas Association 6. Numbers from end of

87 ~1600 km Activities in the power and gas distribution market Network area Power Network area Gas Other EU Countries Sweden Key data 2013 Key data 2013 Network length 134,400 km Network length 1,855 km Market share (based on network length) ~24% Market share (based on network length) ~60% Energy supplied 43.7 TWh Energy supplied 7.3 TWh Customers ~ 1,000,000 Customers ~ 25,000 FTE ~570 FTE ~100 87

88 Regulatory Authority Political authorities Other EU Countries Sweden Regulation at a glance - Regulation competencies Authority: Website: Supervisor: Energimarknadsinspektionen (EI) Ministry of Enterprise, Energy & Communications Competencies Set revenue caps Decide on concessions Market monitoring Investigations and reports Implement changes in energy act Secretary of Energy and Enterprises Proposes energy act Overall market and regulatory strategy Main laws Ellagen (1997:857) - Energy act Förordningen 2010:304 - Regulation ordinance Price Regulated Parts of the Energy chain RES generation Transmission Distribution 88

89 Cap formula OPEX CAPEX Basics Other EU Countries Sweden Regulation at a glance - Price regulation of distribution Price Regulation Power - Overview Price Regulation Power Key cost factors Method: revenue cap Regulation period: Next regulation period: Old photo year: Regulatory formula for initial year: Rbase = OPEX + annuity Regulatory formula for adjustment: Rt = Annuity + Cnc + Cc x (1 X) Transition formula (1st period): R2012 = R2010x 2/3 + Rt x 1/3 except nc cost Price Regulation Power Other important factors RAB valued from standard costs for full replacement values Regulated return on RAB (pre-tax): 5.2% Revaluation for all assets at currently 3.6% based on a building cost index (Ø07-11) CAPEX annuity is used to cover depreciation + return, assumed depreciation is 40 years Full compensation for incremental investments (exception from transition rule) General efficiency factor: 1 % Inflation factor for OPEX is a distribution specific index: 3.2% (Ø07-11) Quality factor with +-3% revenues based on unplanned and planned SAIDI & SAIFI values (HV: ENS) Major penalty schemes for long duration outages (>12h) effectively hitting up to 10% of EBITDA nc = non-controllable, c = controllable 89

90 Regulation at a glance - Quality regulation Quality regulation Other EU Countries Sweden Quality adjustment within the ex ante model Quality factor with +-3% revenues based on unplanned and planned SAIDI & SAIFI values (Regional grid: ENS). Within the regulation model. Outage fees Major penalty schemes for long duration outages (>12h). Outage fee effectively hitting up to 10% of EBITDA, in fact no limit. Risk & Vulnerability Analysis Shortcomings are supposed to be identified and customers and regulator to be informed. Actions are expected when necessary to enhance the reliability. Functional demands Outages longer than 24 hours are forbidden. Breaches of this requirement will result in that EI require supplementary investments or reduced revenue caps. Furthermore it opens the possibility of individual customers pursuing damage claims against the company. Quality of supply (voltage level, dips, flicker, ) Security of supply Maximum of three interruptions per customer and year. 90

91 Sweden Natural gas market Gas market in Sweden Key facts Other EU Countries Sweden Stenungssund Göteborg Varberg Falkenberg Halmstad Borås Gnosjö Gislaved Hyltebruk Ängelholm Höganäs Åstorp Helsingborg Klippan Landskrona Bjuv Eslöv Lund Malmö Staffanstorp Svedala Trelleborg Gas transmission pipeline Gas distribution pipeline Stockholm Gas represents 7 percent of total energy supply in the Nordic region, while at the national level, it comprises somewhat 2 percent of Sweden s total energy supply 1 The 390 km national gas transmission pipeline is owned by Swedegas AB, who also owns, operates and maintains a regional high-pressure gas pipeline with a length of 230 km E.ON Sverige owns low-pressure gas distribution pipeline with a length of 1,983 km In 2011, E.ON Sverige sold its underground gas storage facility in Skallen to Swedegas, with a working capacity of 8.75 million m3 and a maximum withdrawal rate of 40,000 m3/hour. In 2013, E.ON Sverige transported a total of 6 TWh of gas through its gas pipeline system. 1. Energigas Sweden 91

92 Acvitivities in the district heating market Other EU Countries Sweden Locations District heating market (TWh) District heating supplies E.ON district heating supply Source Svensk fjärrvärme, As of December 31, E.ON s district heating activities in Sweden #2 on the Swedish district heating market (in volumes 2012) Approximately 40 district heating networks 6.8 TWh heat delivery in ,000 customers 32,000 connections 1. Number 1 is Fortum with approximately 8 TWh and Vattenfall is number 3 with approximately 4 TWh. 92

93 Other EU Countries Sweden Activities in the retail market Swedens retail market Major shareholdings 1 Interest (%) Price Area customers Oskarshamn Energi AB 50,0% Elverket Vallentuna AB 43,4% Kalmar Energi Försäljning AB 40,0% Price Area customers Power customers: (split above) Gas customers: Heat customers: Price Area customers Price Area customers Energy solutions Energy efficiency service and products Visualization services of the energy consumption Consultation services Energy optimization products Decentralized Energy solutions Solar Power Combined heating and cooling solutions Smart mobility Charging points for vehicles Vehicle gas E-bikes/E-scooters 1. As of December 31,

94 E.ON Italy Market overview Activities

95 Other EU Countries Italy Market overview - Power Power market structure 1 Generation 2 Over 2,700 operators. TOP 5 (Enel, a2a, Edison, ENI, and E.ON) account for c. 56% of the market, equal to c GW Key figures power market E.ON shareholdings 1 Overall Market 2 Power supplied 7.2 billion kwh 264 billion kwh of which free market 7.2 billion kwh 189 billion Kwh Trading Over 450 market operators (259 on PCE on IPEX). Same TOP 5 players as in power generation Customers 0.19 million 36.6 million of which free market 0.19 million 8.7 milion Transmission 11 operators, TERNA main player (c. 98%) Distribution 140 operators. ENEL as market leader (86%). TOP 3 (Enel, a2a and Acea) account for c. 94% of the market Retail c. 320 operators in free market. TOP 5 (Enel, Edison, Acea, Eni, a2a) account for ~40% of the market Involvement of regional unit Italy No involvement of regional unit Italy figures, based on the report of the Regulatory Authority (AEEG) 2013, AEEG website data, 2. TSO (TERNA) and Power Market management company (GME) For involvement in generation activities refer to parts Generation and Renewables 1. As of December 31, figures, based on the report of the Regulatory Authority (AEEG)

96 Other EU Countries Italy Market overview - Gas Gas market structure 1 Production & Import Production: c. 13% of total demand. 10 operators (ENI 82.6%) Import: c. 89% of demand (pipeline 89% - LNG 11%) Over 40 operators. ENI + Edison + ENEL = c. 77% of total import Trading Over 150 market operators (59 operating on gas exchange). TOP 4 (ENI, Edison, ENEL, Sinergie) = c. 34% of wholesale Key figures power market E.ON shareholdings 1 Overall market 2 Gas supplied 12.5 billion kwh 660 billion kwh 3 Customers 0.60 million 21.0 million Transport 10 operators. Snam Rete Gas as main player (94%) Storage 2 operators. Stogit (Snam Rete Gas) as main player (96%, 8 fields out of 10). 5 operators with 8 projects under development Distribution 236 operators. Snam Rete Gas (23%) + F2i (17%) top players Retail c. 300 operators. TOP 4 (ENI, ENEL, Edison, GdF Suez) with ~53% of the market Involvement of regional unit Italy No involvement of regional unit Italy 1. Majority shareholdings as of December 31, figures, based on the report of the Regulatory Authority (AEEG) Total Italian demand excluding self consumption 96

97 Other EU Countries Italy Activities in the retail market Retail market Shareholdings 1 Interest (%) E.ON Energia SpA 100.0% Somet 60.0% GEI SpA 48.9% Amga - Azienda Multiservizi Spa 21.9% Energy solutions Energy efficiency audit for I&C and SME customers White certificate (WhC) collection and management for I&C customers Efficient lighting management services for I&C Rooftop PV for SME and private households Market tests in solar thermal, energy storage for private households, and energy efficient buildings for SME Majority shareholdings Minority shareholdings (include gas distribution assets) 1. As of December 31,

98 E.ON Spain Market overview Activities

99 Other EU Countries Spain Market overview - Power Power market structure Generation Over 44 operators in Ordinary Regime. TOP 5 Generation Companies: Endesa, Iberdrola, Gas Natural Fenosa, EDP and E.ON) account for c. 83% of the Ordinary Regime. Key figures power market 1 E.ON Shareholdings Overall Market 2 Power supplied 6.8 TWh TWh Customer Accounts 620,586 27,504,000 Transmission Main player: Red Eléctrica Española (REE). Distribution TOP 5 Distribution Companies: Endesa, Iberdrola, Gas Natural Fenosa, EDP and E.ON) account for c. 97% of the market. Total number of Distribution Companies: 330 Retail 116 operators in free market. TOP 3 (Endesa, Iberdrola, Gas Natural Fenosa) account for c. 72% of the market. E.ON account for 1.9 % of the market. Involvement of regional unit Spain No involvement of regional unit Spain 1. As of December 31, As of December 31, 2012 (2013 figures still not available). Power supplied in Overall market related to the available energy in the Distribution Grid on Mid- Voltage and Low-Voltage level in the Spanish market. 99

100 Other EU Countries Spain Market overview - Gas Gas market structure Generation Over 99.9% of the Gas in the Spanish market is imported. Key figures gas market 1 E.ON Shareholdings Overall Market 2 Gas supplied 5.6 TWh TWh Customer Accounts 27,905 7,398,013 Transmission Main player: Enagas Distribution TOP 3 Companies: EDP, Gas Natural Fenosa and Madrileña Red de Gas account for 99% of the Market. 12 Gas Distribution operators. Retail 37 operators in free market. TOP 5 (Gas Natural Fenosa, Endesa, Iberdrola, EDP-Naturgas, and Galp) account for 99% of the market. E.ON account for 0.5 % of the market. Involvement of regional unit Spain No involvement of regional unit Spain 1. As of December 31, As of December 31, 2012 (2013 figures still not available) 100

101 Other EU Countries Spain Activities in the retail market Power retail market Gas retail market supply points supply points Shareholdings power market 1 Interest (%) E.ON Energía, S.L % E.ON Comercializadora Ultimo Recurso, S.L.U % 1. As of December 31,

102 Activities in the distribution market Other EU Countries Spain E.ON s power distribution system in Spain Shareholdings power market 1 Interest (%) E.ON Distribución, S.L.U % Barras Eléctricas Galaico-Asturianas, 54.95% S.A. Key data 2013 Network length 32,052 Market share (based on network length) 4.2% Electricity Vol. Grid Conduct (TWh) 6.2 Network quality (SAIDI) (1) (1) SAIDI: The System Average Interruption Duration Index is the average outage duration for each customer served per year. As of December As of December 31,

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