Vattenfall (VF) Corporate factbook presentation summary

Company overview and strategy

• Operates across the full energy value chain with 8 million electricity customers and 2.1 million heat customers in core European markets.

• Focuses on enabling fossil freedom and driving the transition to a sustainable energy system through renewables and climate-smart solutions.

• 100% owned by the Swedish State, with strong credit ratings (BBB+ S&P, A3 Moody's).

• Strategic targets include decarbonisation, fossil-free energy supply, employee engagement, and high operational performance.

• Integrated utility logic leverages full value chain participation for competitive advantage and risk diversification.

Operating segments and performance

• Four main segments: Customers & Solutions, Power Generation, Wind, and Distribution.

• Customers & Solutions: 10.8 million contracts, 113.5 TWh electricity sold in 2023, 60,300 EV charging points.

• Power Generation: 5.5 GW nuclear, 11.5 GW hydro, 73.5 TWh generated in 2023.

• Wind: 5.4 GW installed, 13.8 TWh generated, strong pipeline with 2.3 GW under construction.

• Distribution: 1 million customers, 139,000 km grids, SEK 89 billion RAB in 2023.

Financial performance and investment

• H1 2024 net sales SEK 128.5 bn, underlying EBIT SEK 17.9 bn, profit SEK 26.2 bn.

• ROCE at 11.5%, FFO/adjusted net debt at 40.9%, both above target ranges.

• Net debt reduced to SEK 14.4 bn, adjusted net debt to SEK 83.0 bn.

• SEK 65 bn investment plan for 2024-2025, with 45% allocated to wind and 32% to electricity distribution.

• Major divestments include sale of 49% of Nordlicht I & II wind farms and Berlin heat operations.