Uniper (UNO) Investor presentation summary

Strategic positioning and transformation

• Pursuing a robust transformation strategy focused on decarbonization and flexible, low-carbon energy solutions.

• Investing ~€8 billion by 2030 to expand renewables, flexible generation, and greener commodities.

• Phasing out commercial coal-based generation by 2029 and converting assets for net-zero potential.

• Targeting carbon neutrality by 2040, with significant progress on coal exit and emissions reduction.

• Well-positioned to benefit from rising demand for renewable power and low-carbon gases.

Business model and market position

• Integrated across the energy value chain: green generation, flexible generation, and greener commodities.

• Top 5 power generator and top 2 flexible power provider in north-western Europe, with over 40 TWh annual generation and ~13 GW flexible capacity.

• Leading gas supplier in Germany, with 140 TWh gas sales and a diversified, risk-balanced LNG and pipeline portfolio.

• Strong optimization platform enables value capture across global markets and supply chains.

Financial performance and outlook

• FY 2025 Adjusted EBITDA reached €2,612m, with Adjusted Net Income at €544m, driven by a strong Q4.

• Earnings normalized after exceptional years, with Greener Commodities and Flexible Generation as key contributors.

• Maintained a strong net cash position (€2.8bn at YE 2025) and resumed dividend payments (€0.72/share for FY 2025).

• Outlook for FY 2026: stable earnings, improved nuclear availability, and recovering gas midstream contributions.