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innogy presentation innogy SE · 20 December 2017
innogy is Energy.
A leading European energy company
with the goal to enable people
to improve their quality of life
by using energy more innovatively
through sustainable products and services.We understand the megatrends which are challenging
the energy industry and we provide solutions
Decentralisation
Digitisation
Decarbonisation
innogy SE · December 2017 3“Our planet will be a
better place, when we
create a sustainable
world, in which innogy
inspires how people live
Uwe Tigges and work.”
Chief Executive Officer
CHOOur 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
worth having expectations and making
game of business and market
development their lives easier
innogy SE · December 2017 5We produce, we distribute, we deliver reliably and
sustainably – and we innovate to get better every day
Renewables Grid & Infrastructure Retail
Sustainable generation Efficient distribution Products and services
of electricity of energy that meet needs
Example 1: Residential Management
Install block heating station or Connect units through Develop customer solutions
solar plant in housing units intelligent grids to consume /market energy
Example 2: eMobility
Generate energy from Build extensive Provide user friendly
renewable resources charging network offers, e.g. eCharge App
innogy SE · December 2017 6We are the blueprint of a modern energy company
Green power
for ~ 3 million
households
3.7 GW1
Grid length
1.5 x from
earth to moon
574,000 km
No1 position
5 times
23 million
customers in
Europe2
Renewables Grid & Infrastructure Retail
1 Capacity in the Renewables division as of 31 December 2016. Includes 0.4 GW of renewable generation capacity in the Grid & Infrastructure and Retail
divisions. | 2 Market positions based on volumes sold; for Belgium, Poland and the Czech Republic, based on customer numbers and for the Netherlands, based
on market research – all based on the latest information available as of 31 December 2016.
innogy SE · December 2017 7We are a leading European utility company
Focus on Europe –
> 40,000 employees1
anchored in Germany
€44 billion
in
revenues2 Fully unbundled grid operation
23 million
customers
across
Europe No nuclear Largely
liabilities CO2 free
MDAX listing
since
19 December
2016
€18 billion A leading European utility
market capitalisation3 company
Figures rounded | 1 Converted to full-time positions, as of 31 December 2016 | 2 2016 | 3 As of 31 December 2016
innogy SE · December 2017 8A strong team and more than 40,000 employees
Uwe Tigges Bernhard Günther
Chief Executive Officer Chief Financial Officer
CHO
Hans Bünting Hildegard Müller Martin Herrmann
Chief Operating Officer Chief Operating Officer Chief Operating Officer
Renewables Grid & Infrastructure Retail
Source background image: Rawpixel
innogy SE · December 2017 9“Renewables is the growth
engine of innogy.”
Hans Bünting
COO RenewablesRenewables
We plan, build and operate plants to generate power
and extract energy from renewable sources
Onshore Offshore
Construction projects in core Galloper and Nordsee One under
markets; New markets: Ireland, USA construction – with partners
1,907 MW1 925 MW1
in operation in operation
Hydro Solar
539 MW1 New
in operation business area
Operational excellence Take over of solar and battery
New plants in Scotland specialist Belectric
More competition for Renewables through auctions
• The new EU guidelines make auctions and tender schemes plus direct marketing obligatory for mature renewable technologies
• EU targets are cost degression and further market integration of renewables
• innogy is rising to this competitive challenge: New projects have to compete successfully in auctions in almost all our markets
• Always going by the following rule: Value-driven growth rather than quantity
1 Capacity in the Renewables division as of 31 December 2016. Excludes 0.4 GW of renewable generation capacity in the Grid & Infrastructure and Retail divisions.
innogy SE · December 2017 11Renewables
We are an international leader generating renewable
energy with a broad range of technologies
Capacity1 by country
Other
Poland
4%
7%
Netherlands
8%
37% Germany
1,015
Spain 14%
280
1,249 242 30%
87
United Kingdom
50
67 Capacity1 by technology
16
459
27% Wind
27%
Wind 56% Offshore
56%
Georgia Biomass OnshoreRenewables
BELECTRIC: A leading solar and battery specialist
• acquisition by innogy 2017 Western
Europe
• Key business areas: PV power plants, > 1,200 MWp
hybrid power plants and battery storage
Middle East
systems > 150 MWp
North Africa
• Strategic focus: sustainability, security of > 85 MWp Region APAC
Region Americas > 165 MWp
supply, and cost-effectiveness in the > 100 MWp
energy system of the future
• BELECTRIC covers the entire value chain:
Development – Planning – Construction – Operation
50 EPC1 reference projects
Core competencies: out of more than 300
IPP2 focus areas and dedicated
• In-house: Engineering, product development and manufacturing
countries worldwide
• Utility-scale plants and solutions for industrial clients
• EPC1 services and 100% turnkey solutions
• Operation & maintenance services
Figures Q4 2017 | 1 Engineering, Procurement and Construction | 2 Independent Power Producer
innogy SE · December 2017 13Renewables
BELECTRIC: A proven track record around the globe
Templin, Germany Carport, Saudi Arabia Alt Daber, Germany
Constructed 2012; 128 MWp, turnkey; Constructed 2011; 10 MWp, EPC1; Constructed 2011; 68 MWp, turnkey;
One of the largest PV power plants in Europe, One of the largest solar carports globally. 2014 equipped with storage technology: 1st
built in 4 months. PV power plant providing primary grid reserve.
Goondiwindi, Australia Hauts plateaux Ouest, Algeria Chemnitz, Germany
Constructed 2016; 85 MWp, EPC1; Constructed 2017; Battery storage with 16
Constructed 2017; 5 MWp; First relevant solar power plant in Algeria – MWh capacity;
Based on innovative PEG power plant system; door to Africa for BELECTRIC; Provides primary reserve up to 10 MW;
Area consumption“The grid is the circulation of
the energy transition and the
solid foundation for our
partnerships with countries,
counties and cities.”
Hildegard Müller
COO Grid & InfrastructureGrid & Infrastructure
Grid projects for the “Energiewende” – examples
AmpaCity With the project AmpaCity, innogy links two transformer substations with
a superconducting cable, the longest in the world. Over a length of one
kilometre, the line replaces five conventional 10,000-volt cables and
transmits the electricity almost without any losses. This is made possible
by means of cooling: the superconductor is cooled down internally to
about minus 200° degrees Celsius.
Smart Country In the district Bitburg-Prüm of the Eifel region, innogy has commissioned
a smart electricity distribution network. This model region reflects the
challenges of the future: many decentralised producers feeding into the
grid and a low local electricity demand. Smart grid components, as well
as a biogas storage system serving as a buffer, provide the solution in the
multi-award-winning Smart Country project.
Smart Operator Smart grid solutions for the low voltage grid: The autonomous control
module optimises the flow of electricity and keeps the local grid stable.
In three test regions, a smart operator in the distribution grid
communicates for the first time with smart building technology in test
households.
Power to Gas An award winning research project in Ibbenbüren offers a particularly
high potential for power storage. Green excess power is taken from the
grid, converted to hydrogen and then stored in the local natural gas grid.
When there is demand at a later time, the energy can be transformed
back to power and be used.
innogy SE · December 2017 16Grid & Infrastructure
Designetz develops blueprint for energy transition
• The four year project started in January 2017
and is part of a program funded by the Federal
Ministry for Economic Affairs and Energy
Project volume (BMWi)
of approx. • The project - led by innogy SE - includes 46
€ 66 million1 partners from utilities, the industry and science
and research
• Designetz is highlighting that renewables can
supply guaranteed, safe and efficient energy
with 100% green energy.
• 20 new projects will be developed and join the
10 existing projects
• Individual solutions will form an integrated
system, which are tested in North Rhine-
Westphalia, Rhineland-Palatinate and the
Funding of
Saarland
approx.
€ 30 million1
1 including all partners for the whole duration of the project
innogy SE · December 2017 17Grid & Infrastructure
We are partner of the municipalities in the regions
in Germany
Grid-bound energy supply
~3,000 power grid concessions
~800 gas grid concessions
Participations
~100 municipal participations1
• Municipal utilities
• Energy partner companies
• Joint grid operations
Products and services Provision of grid infrastructure services
• eCarSharing • Grid infrastructure operations
• Innovative street lighting • Charging stations network
• Public W-LAN at administrative district level • Broadband
• Online portal “e-Kommune”
• Further joint projects to foster the transition of the energy system
1 Not fully consolidated regional or municipal utilities
innogy SE · December 2017 18Grid & Infrastructure
We have a strong footprint in European gas and
electricity grids – in Germany1 we are No1
Electricity distribution networks Gas distribution networks
Electricity distribution networks
Gas distribution networks
GER PL
CZ
SK
HU
Distributed volume (TWh) 142 16.8 7.2 3.7 73 66.5
Grid customers (million)2 9.3 2.3 1 0.6 1 2.3
Grid area (’000 km) 92 20 0.5 16 35 46
Grid length (’000 km)3 356 67 17 22 47 65
1 Based on distributed volume |2 Defined as supplied delivery points | 3 Based on grid operated
innogy SE · December 2017 19“We want to delight our
customers – with smart and
innovative products as well as
top-class service.“
Martin Herrmann
COO RetailRetail
Our strong pan-European customer base is being
supplied with electricity and gas at fair prices…
Residential and commercial customers by country 2016 Electricity and gas customers in total
Electricity Gas # contracts in m as of 2016
Customers (Thousands)1
Germany 8,119
2.9 2.0
United Kingdom 4,921
Netherlands/Belgium 4,480
1.3
2.1 Hungary 2,143
2.4 0.9
6.8 Czech Republic 1,653
0.3 Poland 942
1.3
Others2 710
2.1
Total innogy Group 22,969
1 Differences due to rounding possible
2 Customers in Croatia, Romania, Slovakia and Slovenia
innogy SE · December 2017 21Retail
… and we provide innovative products related to
E-mobility, energy saving and SmartHome
E-mobility Connected home
• Internationally 15,500 charging points installed • SmartHome: open platform for B2B customers
• 50,000 charging processes per month • Cooperation with Medion
• Biggest charging alliance in Germany with ~160 • Integration of e.g. smoke detectors, heating, LED
municipal utility lamps, voice control ALEXA, and robotic lawn mowers
• Solution provider for ~1,000 B2B customers, e.g. • Energy manager with PV systems and electricity
storage devices
• eprimo leading in Germany • Energy audits and savings solutions
with ~1.4 m customers in 2016, • Contracting, maintenance and repair services
numerous awards, e.g. ‘excellent‘
in ‘ServiceAtlas Energy Supplier‘, Superbrands • Energy management/IT solution for customers
Germany, Service-Champion amongst German with decentral energy generation
electricity supplier, fairest customer service
and fairest price-performance ratio
• Energiedirect leading in the
Netherlands with ~0.7 m
customers in 2016
Internet based suppliers Energy services
innogy SE · December 2017 22Retail
23 million customers trust in our reliable service and
our innovative products
23 m
customers
≙ ~40-times the
population of our
2 5 home town Essen
1 1 Active in
1 1 5
4 4
5 1 11
3 2 countries1
2 4
2 #1
5x No1 position2
Electricity Gas
1 3 Market share ranking
1Refers to gas and electricity supply only, >20 countries with energy+ and electric vehicle infrastructure | 2 Market positions based on volumes sold; for
Belgium, Poland and the Czech Republic, based on customer numbers and for the Netherlands, based on market research – all based on the latest information
available as of 31 December 2016.
innogy SE · December 2017 23“We’re a trailblazer of change.
This is our ambition. Instead of
being idle, we set trends.“
Uwe Tigges
Chief Executive Officer
CHOInnovation
We deliver innovations
Disruptive
Innovations
New
Solutions
Product Innovations that can
Innovations REVOLUTIONISE
existing business models
Innovations within our permanently.
current business models
to EXTEND them. • Completely new
products
Innovations within our
current business models • New Product features • Massive shifts in
competitiveness
to ENHANCE them. • New Product bundles
with partners • Asset light – low
• More effective use of • Bigger cost reduction capex – digital based
our resources steps • “Zero” marginal cost
• Improved access to • Newer market access enable exponential,
market for same product global scalability
innogy SE · December 2017 25Innovation
R&D: We enable the transformation of the European
energy system using technological innovations
Key figures for innogy Research&Development1 Increasing number of patents secures know-how
Cumulated no. of innogy patents2
Projects worked on 150
860
694
518
Employees (full and part-time) 260
288 394 463
111 223
External project partners 180
2009 10 11 12 13 14 15 2016
R&D in all segments shapes the energy future
1. Identification, assessment & development of new technologies and systemic solutions
2. Improvement of existing technologies and processes
Overarching develop flexible and economic systems, e.g. storage solutions
F
O Grid & Infrastructure improve planning, operation and control of our grids (electricity, gas, water)
C
Retail additional services and solutions for B2B and B2C (Energy+)
U
S Renewables improve efficiency and sustainability of renewables generation assets
1 2016, rounded figures | 2 granted patents and patent applications
innogy SE · December 2017 26Innovation
The Innovation Hub focuses on 5 topics
SMART & DISRUPTIVE URBAN MACHINE CYBER
CONNECTED DIGITAL EXPONENTIALS ECONOMY VENTURES
We`re developing Identifying and Creating Enabling Seed and grow
exciting areas of fostering new solutions that machines cybersecurity
innovation that digital business improve the through open ventures that
can change the models with the quality of life and platforms to tackle world's key
way we live. potential to work in European enhance the cybersecurity
revolutionise the megacities. comfort, challenges and
traditional energy convenience and spark innovative
• Safety & world. security in human business models.
Security • Citizen societies. With
Services our leading
• Connected
• Energy position in
Business • Urban
Generation Blockchain we
Mobility
• Independent built our right to
• Trading
Living • Urban Energy play.
• Grid Systems
• Contextual
Learning & • Retail
Behaviour
innogy SE · December 2017 27Innovation We are at the global innovation hot spots, with our innovation outposts London Berlin Leading ecosystem for topics like EU start-up hotspot for business model Finance and FinTech. Large start-up and product innovation. Worldwide environment for Smart & Connected. lead in cleantech. Worldwide largest start-up ecosystem. Hub for High Tech, Big Data. Has the Ideation, business model incubation, most start-ups per capita. Hotspot for acceleration, and venturing. ideation, incubation and venturing. Silicon Valley Tel Aviv innogy SE · December 2017 28
Innovation
Our start-up ecosystem1 provides solutions for
customer needs in a rapidly changing energy industry
Moving made simple
Innovating and reducing the costs
of moving for everyone
The future is light
Creating flexible solutions and pushing the
limits of organic electronics for the benefit of
customers
Decentralized energy for everyone
Optimizes the energy production of prosumers
and helps all households to embark on their
path towards an independent energy future
• Safety
&
Security
Put data to work
• Connec Identifying energy vampires
ted
Busines in customer’s homes
s
• Indepe
ndent
Living Drones check photovoltaic units
• Context
Much cheaper and faster check-up for
ual
Learnin
g&
customers than customary types of inspection
Behavi
our
1 Examples; founded by innogy Innovation Hub or investment in external start-ups
innogy SE · December 2017 29“Everything revolves
around our goals
and people.”
Uwe Tigges
Chief Executive Officer
CHOHuman Resources
Making the world a better place is driven
by a family of more than 40,000 people
Principles People Belief
• Start with the people
• Think what is not yet We work
possible to have
IMPACT
• Inspire and delight
• Do the hard work to
make it simple
• Test, learn and improve
> 40,000
employees
We
encourage
We take true INNOVATIVE
INTEREST SPIRIT
innogy SE · December 2017 31Human Resources #PIONIERGEIST – that defines us • At innogy there are suitable TASKS for living #PIONIERGEIST: The challenging tasks range from generating energy from renewable sources, building smart grids and creating innovative energy services through to developing digital business models in the innogy Innovation Hub. • innogy offers the right COMPANY CULTURE to live #PIONIERGEIST: We encourage INNOVATIVE SPIRIT – when pioneers fail, they get up and try again. We work to have IMPACT – pioneers turn problems into solutions. We take true INTEREST – pioneers push the limits to discover new horizons. • innogy offers the right WORKING ENVIRONMENT to live #PIONIERGEIST: An international working environment, open-plan offices, flexible teams, agile learning formats (design thinking, scrum), self-determined work allocation, mobile working, modern equipment, idea sponsorship in the Idea Lab and much more. #PIONIERGEIST innogy SE · December 2017 32
Human Resources
Out of 16 countries our employees provide services for
our customers
No. of employees in Europe (in thousands)1 Employees1 by division
We are one of the biggest employers in the
energy industry 8% 2%
150 150
~41,0001 38% 52%
62
43 41 37 31 20
Diversity rate (% of total employees) Employees1 by country
Other3
We are fostering diversity
Netherlands 6% 9%
34 50 Hungary 7%
16 51% Germany
Czech Republic 10%
United Kingdom 18%
Women Employees International
>55years employees2
Renewables Grid & Infrastructure Retail Corporate/Other
1Converted to full-time positions, as of 31 December 2016 | 2 Non-Germans, employees of more than 70 different nationalities work for innogy | 3 Poland, Slovakia,
Belgium, USA, Croatia, Luxemburg, Spain, Romania, France, Italy, Slovenia
innogy SE · December 2017 33“We have an
entrepreneurial
mindset and want to
grow profitably.”
Bernhard Günther
Chief Financial OfficerFinance
We create value - with a sustainable and profitable
business approach
External revenue 2016 Capital expenditure 2016
2%
13% 18%
25%
€43.6 bn1 €2.1 bn1
73% 69%
Adjusted EBITDA 2016 Adjusted EBIT 2016
16% 12%
24% 29%
€4.2 bn1 €2.7 bn1
60%
59%
Renewables Grid & Infrastructure Retail
Figures rounded; Source: innogy SE Annual Report 2016 | 1 Includes Corporate/Other
innogy SE · December 2017 35Finance
Our stable and predictable regulated1 business drives
roughly 60% of our earnings
Renewables1 Grid & Infrastructure1 Retail
Adjusted EBITDA (€bn) Adjusted EBITDA (€bn) Adjusted EBITDA (€bn)
2.8 2.9
2.6
2.2 2.0 1.8
1.1 0.9 1.0
0.8 0.7
0.5 0.3
0.2
0.2
0.2
0.2
0.2
0.6 0.9 0.8 0.2
0.6 0.6
0.4
(0.1)
2014
2014 2015
2015 2016
2016 2014
2014 2015
2015 2016
2016 2014
2014 2015
2015 2016
2016
East United Kingdom
Germany East
Netherlands/Belgium
Germany
Note: numbers may not add up due to rounding differences.
1 Includes regulated and quasi-regulated business activities.
innogy SE · December 2017 36Finance
We are a strong dividend stock with growth potential
Adjusted net income, € million Dividend
>1,200
at least +7%
1,123 € 1.60
~80%1 70-80%1
2016 2017 2016 2017
actuals outlook actuals outlook
€ million 2016 actuals Outlook for 2017
Adjusted EBITDA 4,203 About 4,300
Adjusted EBIT2 2,735 About 2,800
Renewables 359 About 350
Grid & Infrastructure 1,708 About 1,900
Retail 844 About 800
Adjusted net income 1,123 Over 1,200
1 Payout ratio based on adjusted net income. | 2 „Corporate/Other“ not stated separately
innogy SE · December 2017 37Finance
innogy is an established, independent company with
strong regional presence
RWE AG Other innogy
shareholders shareholders
100% innogy is…
RWE AG 23.2% owned a carve out from RWE AG
a fully independent company
76.8% owned
majority owned by RWE AG
Innogy SE
CFO of RWE AG as only RWE AG
Grid &
Renewables Retail member in innogy supervisory board
Infrastructure
Innogy SE subsidiaries:1 Preclusion of competition by and
with RWE AG
Listed on the Frankfurt Stock
exchange and member of German
MDAX index
1 examples, >50% ownership
innogy SE · December 2017 38Finance
Our strategic partnerships with municipal utilities serve
as key competitive advantage
Selected participations
20% 13%1
40% 50%
43% 27%
Note: innogy has more than 100 participation, examples only; shareholding figures rounded
1significant influence via indirect investments
innogy SE · December 2017 39You can also read
