Innogy presentation innogy SE 16 December 2016
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innogy presentation innogy SE · 16 December 2016
innogy is Energy.
As a leading European energy company
innogy SE has the goal to enable people
to improve their quality of life
by using energy more innovatively.
We strive to address their needs
with sustainable products and services.
We are a leading European energy company
Focus on Europe –
anchored in Germany
#3 ~€18 bn market capitalisation –
worldwide most valuable energy utility in
offshore Germany
wind1
MDAX listing (Dec 19th 2016)
~23 m customers across Europe
1.5x
distance to €46 bn in revenues
moon grid
~40,000 employees
length
~€6.5 bn of investments 2016-2018
#1 Largely CO2 free
in 4 positions No nuclear liabilities
customer
base2 Fully unbundled grid operation
Renewables Grid and Infrastructure Retail
1By installed capacity | 2 Market positions based on volumes, on customer numbers
Source: Company estimate based on competitors’ disclosure, regulatory reports and research reports
innogy SE · December 2016 3
innogy is a leading European utility company
Top 10 renewable capacity operators (MW) Top German distribution grid operators (km)
356.000
8.227 346.000
4.703 4.463 4.088
3.674 3.654 3.638 2.967 138.000
2.503 2.482 82.000
33.000 32.000 27.000 19.700 18.800
1 2
Top 10 off-shore wind operators (MW) Distributed power in Germany (TWh)
DONG 1.731
E.ON 1.225 143
innogy 1.189
Vattenfall 968 100
China Guodian Corp 497
Stadtwerke München 414 55
UniCredit 400
SSE 374
Blackstone 230
Colruyt 208 innogy E.ON EnBW
Source: Bloomberg new energy finance as of 02/2016, Grid operators according to StromNEV; company data
1 accounting view
2innogy. Based on grid operated. Figure as per 2015
innogy SE · December 2016 4
We understand the megatrends which are challenging
the energy industry and we provide solutions
Decentralisation
Digitalisation
Decarbonisation
innogy SE · December 2016 5“Our planet will be
a better place,
when we create a
sustainable world,
in which innogy inspires
Peter Terium how people live
Chief Executive Officer
and work.”Our mission is to create an energy company that
exceeds the expectations of our customers
We are committed to We are a fast-moving company, We are committed to
creating a sustainable committed to radical inspiring people,
energy system for new innovation and playing offering solutions beyond
their current needs and
generations to live in a world to win in an ever changing expectations and making
worth having
game of business and market
development their lives easier
innogy SE · December 2016 7We produce, we distribute, we deliver reliably and
sustainably – and we innovate to get better every day
Innovation
Grid and
Renewables
Infrastructure
Retail
Efficient Products and
Sustainable generation
distribution services that
of electricity
of energy meet needs
innogy SE · December 2016 8Intensive cooperation delivers integrated and value-
driving projects, products and services
Innovation
Grid and
Renewables
Infrastructure
Retail
Example 1: Residential Management
Install block heating Connect units Develop consumer
station or solar plant in through intelligent solutions to consume
housing units grids /market energy
Example 2: eMobility
Provide user friendly
Generate energy from Build extensive
offers, e.g. eCharge
renewable resources charging network
App
innogy SE · December 2016 9“We are a global front
runner in wind energy”
Hans Bünting
COO RenewablesRenewables
We are a global leader in wind energy and operate
more than 3,100 MW of renewable capacity
+ ca.500
3,100 MW
901 MW in 20161
197 in operation1
4,400
1,160 226
87
44
MW
project
34 pipeline1
19
459
#3
worldwide
offshore
wind2
Installed capacity (MW)1
1As of December 31, 2015; pro-rata view, excluding Zephyr portfolio. innogy has further renewable capacity of 0.3 GW in consolidated participations related
to the Grid and Infrastructure segment | 2 By capacity
Source: Bloomberg New energy finance; asset owner database, as of March 2016, http://www.innogy-renewableslive.com/#/dashboard
innogy SE · December 2016 11Renewables
We are expanding our renewable generation capacity
with a broad range of technologies and countries
Capacity per country1 Capacity by technology1
Other
NL
Poland 6% Wind
7% 6% Germany Offshore
37% Wind 31%
Spain 15% Onshore 53%“The grid connects –
everyone”
Hildegard Müller
COO Grid & InfrastructureGrid and Infrastructure
We provide access to energy through the No.1
distribution grid1 in Central Europe
16.5m
people
connected = 22
biggest cities in
DE
GER PL
1.5x
CZ
SK
distance
HU to moon
(574,000 km)
309 TWh
supplied
Electricity Gas
Note: All figures as per 2015. Rounding differences may occur
1 Based on distributed volume
Source: Moody’s
innogy SE · December 2016 14Grid and Infrastructure
We have a strong footprint in European gas
and electricity grids
Electricity grid Gas grid
Distributed volume (GWh) 142 16,8 7,2 3,7 7 66,5
Grid customers (m)1 9.3 2.3 1.0 0.6 1.0 2.3
Grid area (’000 km) 92 20 0.5 16 35 46
Grid length (’000 km)2 356 67 17 22 47 65
Note: All figures as per 2015. Rounding differences may occur |1 Defined as supplied delivery points | 2 Based on grid operated
innogy SE · December 2016 15Grid and Infrastructure
Our cooperation on regional level in Germany is based
on three pillars and takes place on eye level
Municipalities cooperation
Participations Service provision Energy supply
• ~100 municipal participations1 • Infrastructure (grid) operations • ~2,700 municipalities are
supplied
− Municipal utilities • Common project for the
transition of the energy system
− Energy partner companies
− Joint grid operations
• Partnerships with municipal utilities extend innogy’s regional coverage
• Synergies in the area of testing, developing and rolling out new business models
• Best practices and economies of scale in e.g. procurement, risk management, etc.
1 Not fully consolidated regional or municipal utilities
innogy SE · December 2016 16“innogy is much more
than an energy only
provider“
Martin Herrmann
COO RetailRetail
We take the lead in meeting the needs of customers
with energy and energy+ products and services
23 m
customers1 =
population of the
Netherlands and
2 5 Denmark
1 1 combined
Active in
1 3 5
4 4
5 1 11
3 2 countries2
2 5
#1
2 Position in
market share
ranking in 4
markets3
Electricity Gas
1 3 Market share ranking
1Customer contracts throughout the presentation |2 Refers to gas and electricity supply only, >20 countries with energy+ and electric vehicle infrastructure | 3
Market positions based on volumes or customer numbers
Source: Company estimate based on competitors’ disclosure, regulatory reports and research reports
innogy SE · December 2016 18Retail
Our strong pan-European customer base is being
supplied with electricity and gas
Customer Base For home/B2C business
Customers (000)1
GER 8,060
3.0 2.0 NL/BE 4,700
UK East 5,400
UK 4,980
NL/ GER 1.3
BE 2.2 Total 23,130
2.5 6.8 PL 0.9
CZ For companies/B2B business
0.3
1.3 0.5 0.1 SK
Customers (000) 1
2.1
SL GER 60
RO
0.1 HU NL/BE 10
CR East 10
UK 20
Electricity Gas # contracts in m as of 2015 Total 110
Note: B2B including industrial customers as well as resellers, B2C including residential and commercial customers. Depending on national regulations
and market specifics, the individual attribution of customers to our B2C or B2B business may vary to a certain extent across our markets.
1 Customer numbers are rounded to the nearest 10,000 customers. Numbers may not add up due to rounding differences
innogy SE · December 2016 19Retail
We offer unique advantages to the customers with our
future oriented energy+ products and services
E-mobility1 Connected home
• Overall >4,900 charging points in >20 countries • SmartHome: 800,000 units sold2
• More than 100 (municipal) utility • Roll-out to further countries in preparation
and 50 B2B partners
• Cooperation with Nest: >30,000 units sold
• 430,000 charging processes in UK and NL3
• 4.1 GWh electricity charged
• eprimo leading in Germany • Energy audits and savings solutions
with ~1.3 mn customers in • Contracting, maintenance and repair services
2016, trademark of the year
• Energy management/IT solution for cus-
• Energiedirect leading in the tomers with decentral energy generation
Netherlands with ~0.7 mn
customers in 2016
Internet based suppliers Energy services
1As of December 31, 2015 | 2 SmartHome devices and units are also sold to end customers through regional companies, up to 2015.
Total number also includes devices and units sold to those regional companies |3 As of 30 June 2016
innogy SE · December 2016 20“Innovation – it was in
our DNA, it is and it
will always be“
Peter Terium
Chief Executive OfficerInnovation
We deliver innovation – Today
One of the world’s Smart home
longest super solutions
conductor cable1 since 2011
One of the leading Flat-rate
operators of electricity
charging stations2 (pilot)
TODAY
System solu-
Battery
tions for the
applications
“Energiewende”
Source: 1 RWE AG, Annual Report 2014 | 2 http://www.rwe.com/web/cms/de/1301026/rwe-deutschland/energiewende/intelligente-netze/ampacity/
innogy SE · December 2016 22Innovation
R&D: We enable the transformation of the European
energy system via technological innovations
Key-figures for innogy Research&Development1 Increasing number of patents secures know-how
Cumulated no. of innogy patents2
Projects ongoing 100 757
Ø Project runtime 3-4 years 594
409
Externally funded projects 10 299 353
Employees (full and part-time) 250 150 215
39
2009 2016
R&D in all segments shapes the energy future With Foresight we prepare for tomorrow
1. Identification, assessment & development of new
technologies and systemic solutions
2. Improvement of existing technologies and processes
develop flexible and economic
Overarching
systems, e.g. storage solutions
Grid& improve planning, operation and con-
Focus
Infrastructure trol of our grids (electriciy, gas, water)
additional services and solutions for
Retail B2B and B2C (Energy+)
improve efficiency and sustainability
Renewables
of renewables generation assets
1 average, rounded figures | 2 granted patents and patent applications
innogy SE · December 2016 23Innovation We are at the pulse of the global hot spots of the energy revolution with our innovation hubs London Berlin Silicon Valley Tel Aviv Source: innogy innogy SE · December 2016 24
Innovation
Our start-ups provide solutions to meet the needs of
customers and the rapidly changing energy industry
Moving made simple
Innovating and reducing the costs
of moving for everyone
The future is light
Creating flexible solutions and push the limits
of organic electronics for customers’ benefit
Prosumer everywhere
Switching customers to independent
and green, locally produced energy
Put data to work
Identifying “energy vampires”
in customer’s homes
Internet of Things (IoT)
Making the development
for IoT powerful but simple
Source: innogy venture capital portfolio, examples only
innogy SE · December 2016 25“Today, it’s all
about purpose and
people.”
Uwe Tigges
CHO & Labour DirectorHuman Resources
Making the world a better place is driven
by a family of more than 40,000 people
Principles
• Start with the people We work
to have
• Think what is not yet IMPACT
possible
• Inspire and delight
• Do the hard work to
make it simple
~40.000
• Test, learn and improve employees
We
encourage
We take true INNOVATIVE
INTEREST SPIRIT
Source: innogy employer value proposition, innogy brand principles
innogy SE · December 2016 27“We have an
entrepreneurial
mindset.
We deliver profits.”
Bernhard Günther
Chief Financial Officer
28Finance
We create value with a sustainable and profitable
business approach generating ~3bn € profit annually
Ambition Revenue 2015 [€bn]
3%
“With our strong financial base we 21%
make the most out of our 46.0
opportunities and increase the value
76%
of the company”
Operating Result 2015 [€bn] EBITDA 2015 [€bn]
15% 17%
26%
3.0 4.5 23% 60%
59%
Renewables Grid & Infrastructure Retail
Source: innogy SE, Boilerplate Segmentbeschreibungen article from 17 November 2016
innogy SE · December 2016 29Finance
Our business is infrastructure-like with roughly 60%
regulated1, stable earnings
Grid & Infrastructure EBITDA (€bn) Retail EBITDA (€bn) Renewables EBITDA (€bn)
Share of regulated EBITDA 2015¹ >80% Capex intensity Ø 2013-152 ~20% Share of quasi-regulated ~60%
EBITDA 20153
2.8 2.9 2.9
Retail EBITDA excl. UK
0.7 0.8 1.1
2.0 2.0
2.2
1.1 1.1 1.0 0.8
0.4 0.3 0.2 0.5
0.2 0.2 0.2 0.4
0.8 0.9 0.3 0.2
0.6 0.6
0.3 0.4
2013 2014 2015 (0.1)
2013 2014 2015 2013 2014 2015 2013
2013 2014
2014 2015
2015
2013 2014 2015
G&I East G&I Germany Germany NL/BE East UK
Note: numbers may not add up due to rounding differences.
1 Includes regulated and quasi-regulated business activities. | 2 Capex intensity defined as capex/EBITDA. Capex excluding financial investments | 3 Includes
long-term contracts.
Source: Company estimate based on competitors’ disclosure, regulatory reports and research reports
innogy SE · December 2016 30Finance
innogy is an established, independent company that
consolidates the power of a group
RWE AG Other innogy
shareholders shareholders
100% innogy is…
a carve out from RWE AG
RWE AG 23.2% owned
a fully independent company
76.8% owned
majority owned by RWE AG
Innogy SE
CFO of RWE AG as only RWE AG
Grid & member in innogy supervisory
Renewables Retail
Infrastructure board
Innogy SE subsidiaries:1 Preclusion of competition by and
with RWE AG
Listed on the Frankfurt Stock
exchange and member of German
MDAX index
parent company of a portfolio of
strong brands
1examples, >50% ownership
Source: innogy Investors Relations
innogy SE · December 2016 31Finance
Our strategic partnerships with municipal utilities serve
as key competitive advantage
Selected participations
20% 40%
40% 50%
43% 27%
Note: innogy has more than 100 participation, examples only
Source: Company estimate based on competitors’ disclosure, regulatory reports and research reports
innogy SE · December 2016 32You can also read
