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.

• Business segments include Energy Networks, Energy Infrastructure Solutions, and Energy Retail, each with clear growth and profitability drivers.

• Focuses on regulated, long-term growth, digital transformation, and sustainability as core strategic pillars.

• Maintains a large, loyal customer base of 47 million accounts across major European markets.

Financial strategy and shareholder returns

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

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

• Delivers consistent guidance achievement and reliable cash generation, with a €48bn investment plan for 2026-2030.

• Funding strategy emphasizes green bonds, with over 50% of annual funding volumes and diversified capital market debt.

Segment performance and investment plans

• Energy Networks: €40bn investment, 9% CAGR in regulated asset base, and 10% annual power RAB growth in Germany.

• Energy Infrastructure Solutions: €5bn investment, 12% EBITDA CAGR, and >8% median IRR for signed projects.

• Energy Retail: €2.5bn investment, 4% EBITDA CAGR, and €7bn cash contribution by 2030.

• Digitalization and operational excellence drive efficiency, customer centricity, and new product offerings.