Uniper (UNO) Investor presentation summary

Strategic positioning and market presence

• Ranks among the top 5 power generators and top 2 flexible generation providers in north-western Europe, with 18.5 GW of generation capacity and a strong pipeline in the region.

• Integrated across the power generation and gas value chain, including gas sourcing, trading, storage, and a mix of gas-fired, hydro, and nuclear generation.

• Holds a top 3 position as a gas supplier in the DACH region, with a diversified portfolio supporting security of supply.

• Well-diversified asset base across Germany, UK, Sweden, and the Netherlands, with significant hydro and nuclear capacity.

• Flexible generation fleet is among the largest in north-western Europe, supporting grid stability and energy transition.

Transformation strategy and investment priorities

• Accelerating transformation with a €5bn investment plan for 2025–2030, focusing on renewables, flexible generation, and greener commodities.

• Plans to phase out commercial coal-based generation by 2029, with coal assets maintained in reserve until 2031 for system stability.

• Investing in new gas-fired plants with net-zero potential, asset conversions, and data center infrastructure.

• Targeting 6–7 GW of wind, solar, and battery storage by 2030, and expanding hydrogen and greener gas projects.

• Actively developing sites for data centers, leveraging existing infrastructure and grid connections.

Financial performance and outlook

• H1 2026 Adjusted EBITDA reached €711m and Adjusted Net Income €388m, both significantly up year-over-year.

• Economic net cash position improved to €4,548m by mid-2026, supporting future investments and dividend resumption.

• Dividend payments resumed with €0.72 per share for FY 2025, maintaining a conservative leverage profile and investment grade ratings.

• FY 2026 guidance confirmed, with a narrowed range for Adjusted EBITDA and Net Income; Flexible Generation outlook raised, Green Generation impacted by outages.

• Strong balance sheet and disciplined investment criteria underpin growth and transformation plans.