Our energy for a sustainable life RWE corporate presentation
RWE has been producing electricity with passion for over 120 years. Now RWE is shaping the new energy era. 2002 CO 2 output reduced 1914 1950s through the use of Lignite as the key to Electricity for the post- 1970s lignite-fired power inexpensive electricity. stations with optimised war economic miracle. Nuclear power offers plant technology (BoA). security of supply. Affordable Reliable Clean Transaction with E.ON, making RWE one of the world’s largest generators of electricity from renewable sources. Founding and 2019 IPO of innogy SE. 2016 The future begins today, over 120 years ago. Ludwig Erhard opens 1898 Research, development Weisweiler lignite-fired RWE builds the first national and testing of power plant. power line in Germany. renewables. 1928 1955 1976 RWE corporate presentation Page 2 14.07.2020
The global challenge of our age: Meeting the growing demand for electricity and protecting the climate. Demand for power is growing Fundamental sector trends Important climate protection globally goals 37,114 Electricity generation (TWh 1 ) Paris Agreement 2 Electrification of transport Limiting global warming 25,679 to well below 2 °C Electrification of 15,441 industry EU-28: 40 % reduction in greenhouse gas Electrification of emissions between heat supply 1990 and 2030 3 2000 2017 2040 Sustainable development scenario Sources: 1 International Energy Agency, World Energy Outlook 2018. | 2 Paris Agreement of the UN Framework Convention on Climate Change (UNFCCC). 3 UNFCCC, European Union, ratification status, Paris Agreement, date of ratification: 5 October 2016. RWE corporate presentation Page 3 14.07.2020
We have a clear goal: to be climate-neutral by 2040. With clean, reliable and affordable electricity. Dr Rolf Martin Schmitz Chairman of the Executive Board We are clearly committed to future- oriented technologies and are investing in attractive markets in a targeted manner. Dr Markus Krebber Chief Financial Officer RWE corporate presentation Page 4 14.07.2020
The new RWE purpose. Our energy for a sustainable life RWE corporate presentation Page 5 14.07.2020
Ambitious, responsible, resolute. With a clear goal: to be carbon-neutral by 2040. CO 2 reduction at RWE: achieving carbon neutrality in three stages 1 ... … with a clear road map • Between 2012 and 2019, RWE reduced its CO 2 emissions by almost 90 million tonnes. This represents a 51% reduction. • In 2020 RWE will be decommissioning its last coal-fired power station in the UK. • RWE is in the process of converting its coal-fired power stations in the Netherlands to biomass. • Further coal-fired power stations will be taken off the grid in Germany by 2030, in accordance with the recommendations of the country’s structural -change commission. • Germany wants to exit coal-based power generation by 2038. • From 2040 RWE will be using renewables and storage facilities almost exclusively. Natural-gas power stations are to ensure reliable supply through the use of “green” gas and CO 2 sinks. 1 Breakdown of estimated figures in million tonnes: after completion of the transaction with E.ON. RWE corporate presentation Page 6 14.07.2020
Driving force behind the energy transition – with a powerful position. Operating Business RWE RWE RWE RWE Renewables Generation Power Supply & Trading Offshore wind, Energy trading and Lignite onshore wind, Gas, hard coal, customer solutions photovoltaics hydropower and and storage biomass Gas storage Nuclear power technologies 3,900 employees 3,100 employees 11,700 employees 1,700 employees from in more than in Europe in Germany 45 nations 15 countries RWE corporate presentation Page 7 14.07.2020
Business model fully aligned with our strategic focus on the energy transition. Core Coal/Nuclear Offshore Onshore Hydro/Biomass/ Supply • Responsible and Wind Wind/Solar Gas & Trading socially accept- able phaseout • Global expansion • Expansion in on- • Targeted invest- • Expansion of of coal of offshore wind shore wind and ments in flexible global trading • Phaseout of capacity acceleration of back-up capacity business nuclear and solar deployment and commercial secure and in core regions platform efficient dismantling GW g/kWh Installed capacity 1 Carbon factor 2 Share of coal in Group revenues 1 Pro rata installed capacity of core business. | 2 Calculated for pro forma generation portfolio of core business. | Note: Figures for FY 2019. Capital Market Day Page 8 12 Mar 2020
The new RWE is one of the largest producers of electricity from renewable sources in the world. No. No. No. globally in in renewables globally in renewables in Europe offshore wind RWE corporate presentation Page 9 14.07.2020
RWE: international, future-oriented and broadly positioned. Ideal conditions for clean, reliable and affordable electricity. A diversified portfolio … … and a global presence ... Renewable capacity by country Renewable capacity by technology 8,9 GW pro rata ... ensure a strong starting position in the renewables market. RWE corporate presentation Page 10 14.07.2020
RWE counts on renewables for targeted and sustainable growth. Examples of wind parks: The onshore wind park Cranell, with a capacity of 220 MW, as well as Big Raymond , 440 MW, are currently being installed in Texas, where Peyton Creek , 151 MW, has been in operation since March 2020. The Triton Knoll offshore wind park (860 MW) is under construction off the east coast of England. billion euros provided by RWE for renewables until 2022 Example – solar: gigawatts net annual growth in renewables Australia ’s largest solar power station (349 MWp) is currently being built in Limondale. RWE Corporate Presentation Page 11 14.07.2020
RWE’s driver of results: The new strategic alignment with a focus on “green” growth. More than contribution to RWE results by core business with a focus on sustainable technologies. Note: 2019 pro forma adjusted EBITDA; pro forma: new business segmentation and inclusion of E.ON‘s acquired assets for full f iscal year 2019. RWE Corporate Presentation Page 12 14.07.2020
RWE corporate presentation Page 13 14.07.2020
RWE supplies secure renewable energy and reduces the Co 2 emissions of conventional energy. Total electricity generation capacity 1 • Approximately 80% secured and flexible capacity. The latter is composed of 19 GW from gas, water and biomass. • Flexible power park as secure backbone of energy supply in our European core markets • Our gas turbine power plant and approximately 13.5 million tonnes of trades LNG (liquid natural gas) in 2019, RWE ranks as the No. 3 in Europe in terms of capacity. 1 after innogy’s renewables business has been transferred RWE Corporate Presentation Page 14 14.07.2020
RWE: an attractive employer for some 20,000 people. In Germany, Europe and around the world. Top employer International RWE achieves top positions in RWE is colourful. People many employer rankings. Our from 66 nations work on 4 staff are helping to shape the continents and in over 20 energy transition as part of a countries. global company. Social Engagement Diversity Flexible but safe RWE is committed to putting Harnessing the potential Health and safety are our social responsibility into practice. offered by cultural and social number one priority at RWE. With support from RWE, diversity is the declared aim We facilitate a flexible work thousands contribute time and of diversity management at culture and a positive work- effort to projects that are close to RWE. life balance. their hearts. RWE corporate presentation Page 15 14.07.2020
Innovatively. Sustainably. Responsibly. RWE is promoting technological progress. Hydrogen Thermal energy Geothermal Power-to-X storage Power-to-X technologies are to RWE is conducting research EU project overseen by be developed in the Rhineland in into the possible uses of Geologischer Dienst NRW. Conversion of a coal-fired power a partnership between industry hydrogen in the GET H2 project RWE is using its Weisweiler station into a thermal-storage and research. The purpose is to and through the installation of power station for deep power plant, in which the produce synthetic fuels a 105-MW power-to-gas geothermal utilisation: long- generation of steam using coal is (“e - fuels”), e.g. methanol, from electrolysis facility in Lingen, term transformation of the replaced by heat from a molten- green hydrogen and CO 2 Germany. RWE is also a partner district heating network. salt thermal storage tank, produced in power stations and in hydrogen research in the generated from solar and wind industrial plants. region of Groningen, power. Netherlands, and South Wales, UK. RWE corporate presentation Page 16 14.07.2020
RWE takes on responsibility. We actively shape the future as part of society. Sustainability is an integral part of RWE’s strategy. RWE is part of the UN Global Compact and actively supports the achievement of the UN Sustainable Development Goals. Corporate culture with integrity and respect Social engagement Climate protection Our responsibility Supply chain standards and procurement Security of supply and critical infrastructure Environmental protection and conservation RWE corporate presentation Page 17 14.07.2020
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