E.ON (EOAN) Investor presentation summary

Strategic positioning and business model

• Acts as a key player in Europe's green energy transition, operating the largest energy distribution grid and supporting decarbonization for cities and industries.

• Focuses on three main segments: Energy Networks, Energy Infrastructure Solutions, and Energy Retail, each with clear growth and profitability drivers.

• Maintains a regulated business profile, ensuring steady, visible earnings growth and reliable returns.

• Emphasizes digitalization, sustainability, and value creation as core strategic pillars.

Financial performance and outlook

• Targets 6% CAGR in EBITDA and EPS from 2025 to 2030, with up to 5% annual dividend per share growth.

• Projects €48bn in investments from 2026-2030, mainly in regulated energy networks and infrastructure solutions.

• Maintains a strong BBB/Baa credit rating and €5-10bn extra balance sheet capacity by 2030.

• Delivers consistent guidance achievement, with adjusted EBITDA expected to exceed €13bn by 2030.

Segment highlights

• Energy Networks: Largest share of EBITDA, with a regulated asset base projected to grow at ~9% CAGR to €65bn by 2030.

• Energy Infrastructure Solutions: Focuses on district heating, industrial solutions, and smart metering, targeting >8% IRR and 12% EBITDA CAGR.

• Energy Retail: Serves 47 million customers, aiming for steady cash generation, 4% EBITDA CAGR, and digital-first customer experience.