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B Annual Report 2009 the Power to Grow Together

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B Annual Report 2009 the Power to Grow Together Financial calendar EnBW Energie Brief portrait Baden-Württemberg AG 09 Durlacher Allee 93 76131 Karlsruhe Annual Report 2009 With some six million customers and more than 21,000 employees, www.enbw.com 10 | 3 | 2010 The power to grow together EnBW Energie Baden-Württemberg AG generated annual revenue Publication of the Annual Report 2009 in excess of € 15 billion in 2009. 29 | 4 | 2010 The third-largest energy company in Germany, we focus on the electricity business – in the generation and trading segment and Annual general meeting of EnBW Energie Baden-Württemberg AG the grid and sales segment – and the gas as well as energy and EnBW Annual Report 2009 environmental services business. 7 | 5 | 2010 We are committed to Baden-Württemberg and Germany Publication of the Quarterly Financial Report as locations and these are the focal points of our activities. January to March 2010 We also operate in other European markets. 30 | 7 | 2010 Publication of the Six-Monthly Financial Report January to June 2010 12 | 11 | 2010 Publication of the Nine-Monthly Financial Report January to September 2010 EnBW Energie Baden-Württemberg AG Financial calendar EnBW Energie At a glance TheBrief EnBW portrait group Top issues 2009 Baden-Württemberg AG 09 Durlacher Allee 93 76131 Karlsruhe Annual ReportEnBW 2009 group TheWith EnBW some group’s six1 segments million at customers a glance and more than 21,000 employees, January – March www.enbw.com 10 | 3 | 2010 € millions 2009 2008 Variance EnBW Energie Baden-Württemberg AG generated annual revenue EnBW awards major contract Acquisition of onshore wind farms Energy efficiency networks Beginning of construction The power to grow together % for Baltic 1 EnBW acquires three onshore wind farms In February, EnBW forms two new work in Esslingen in excess of € 15 billion in 2009. in Lower Saxony and Brandenburg from “energy efficiency networks” together Publication of the Annual Report 2009 Revenue ELECTRICITY ENERGY AND The major contract to supply foundations The ground-breaking ceremony for the GAS PNE WIND AG with a total of 26 wind tur- with companies from the Freising and Electricity generation and trading 2,357.5 2,541.7 -7.2 generation and trading ENVIRONMENTAL SERVICES for the wind farm Baltic 1, the first com- hydro-electric power station being built mercial offshore wind farm on the Baltic bines and an installed output of 52 MW. Mainz regions. The aim of the total of jointly by EnBW Kraftwerke AG and Electricity grid and sales 10,031.3 10,194.7 -1.6 Sea, covers a volume of between € 25 and EnBW increases its capacity further with twelve networks in Germany is to enable Neckar AG was held in the presence of Generation MIDSTREAM Companies with service functions Gas 2,453.1 2,881.2 -14.9 The third-largest energy company in Germany, we focus on the 30 million. The farm consists of 21 wind the acquisition of an additional seven wind the participating companies to use Baden-Württemberg’s Minister for the EnBW Kraftwerke AG EnBW Energy Solutions GmbH farms in December. energy more efficiently, thus reducing Energy and environmental services 722.3 687.8 5.0 power plants. Environment, Tanja Gönner. 29 | 4 | 2010 EnBW Kernkraft GmbH Import agreements and EnBW Systeme Infrastruktur Support costs. External revenue, total 15,564.2 16,305.4 -4.5 electricity business – in the generation and trading segment and EnBW Erneuerbare Energien GmbH infrastructure GmbH Annual general meeting of EnBW Energie Baden-Württemberg AG Adjusted EBITDA 2,615.3 2,595.6 0.8 the grid and sales segmentEnBW –Gas and Midstream the GmbH gas as wellEnBW as Kraftwerkeenergy AG and EnBW Annual Report 2009 EBITDA 2,748.2 2,540.1 8.2 Trading /procurement Stadtwerke Düsseldorf AG April – June Adjusted EBIT 1,793.9 1,793.9 0.0 environmentalEnBW Trading GmbH services business.Storage EnBW Regional AG EBIT 1,889.3 1,468.2 28.7 EnBW Gas Midstream GmbH RBS wave GmbH Strategic partnership in Turkey Expansion of generation unit New hydro-electric power station Top Employer GasVersorgung Süddeutschland GmbH 7 | 5 | 2010 Adjusted group net profit1, 2 879.1 1,098.8 -20.0 ELECTRICITY EnBW and the Turkish conglomerate EnBW acquires E.ON’s 50% share in Unit S Celebrations are held to mark the EnBW is one of Germany‘s most attractive grid and sales EnBW Gas GmbH Group net profit1, 2 768.2 879.3 -12.6 Borusan Holding form a joint venture for of Lippendorf brown coal power station commissioning of the run-of-the-river employers for the fifth time in succession. We are committed to Baden-Württemberg and Germany future cooperation in Turkey regarding and its 8.3% share in Bexbach hard coal power station in Kehl, a joint venture The study “Germany‘s Top Employers Publication of the Quarterly Financial Report Earnings per share from adjusted group net profit1, 2 (€) 3.60 4.50 -20.0 Transmission and distribution2 Trading/portfolio management the development and construction of power power station. These shares are equiva- between EnBW and EDF. With an annual 2009” is performed by the “Junge Karriere” Earnings per share from group net profit1, 2 (€) 3.15 3.60 -12.5 stations, primarily in the field of renewable lent to total output of 525 MW. EnBW production of around 8,200 MWh, the journal in cooperation with the Corporate asEnBW locations Transportnetze and AG these areEnBW the Gas Midstreamfocal points GmbH of our activities. January to March 2010 energies. Anti-trust proceedings are still expands its electricity procurement right plant will make a contribution to local Research Foundation, an independent Cash flow from operating activities 2,443.4 1,523.9 60.3 EnBW Trading GmbH EnBW Regional AG pending. to 100% by acquiring a further 159 MW electricity supplies from renewable institute. 1 We also operate in other European markets. Free cash flow 1,292.1 404.5 – GasVersorgung Süddeutschland GmbH in October. sources. Net financial liabilities3 5,763.1 2,918.5 97.5 Sales EnBW Gas GmbH Capital expenditure1 4,374.1 1,404.2 – EnBW Vertriebs- und Servicegesellschaft mbH 30 | 7 | 2010 Return on capital employed (ROCE) (%) 15.1 17.1 -11.7 DOWNSTREAM Yello Strom GmbH July – September Weighted average cost of capital (WACC) before tax (%) 9.3 9.2 1.1 Watt Deutschland GmbH Transmission and distribution2 1 Publication of the Six-Monthly Financial Report Average capital employed 13,958.2 12,259.3 13.9 TOP ISSUES 2009 Fifth turbine at Iffezheim Partnership with EWE Excellent results for Wind turbines connected to grid GVS Netz GmbH Value added1 809.6 962.7 -15.9 Together with Prime Minister Oettinger The Federal Anti-Trust Office approves Neckarwestheim Only a few days before EnBW’s represen- January to June 2010 EnBW Gasnetz GmbH and EDF’s management board member EnBW’s takeover of a 26% shareholding As a result of the multi-step assessment tative office is opened in Ankara, the Gadonneix, EnBW lays the foundation in the Oldenburg-based energy group. by the International Atomic Energy Agency alliance between the Turkish Borusan Sales A AT GLANCE | THE ENBW GROUP stone for the extension of the Rhine power The acquisition takes the form of a share (IAEA), EnBW has been attested great Holding and EnBW becomes visible as GasVersorgung Süddeutschland GmbH station, one of the largest run-of-the-river purchase and a capital increase. The two the first joint wind turbines are put into Energy sales of the EnBW group commitment and leadership in safety EnBW Gas GmbH power stations in Europe. An additional companies plan to cooperate as strategic standards and safety culture at Neckar- operation in western Turkey. 12 | 11 | 2010 122 million kWh of electricity will be gen- partners. billions of kWh 2009 2008 Variance EnBW Vertriebs- westheim nuclear power plant. und Service gesellschaft mbH erated each year from 2012. % Publication of the Nine-Monthly Financial Report Yello Strom GmbH3 Electricity 119.7 130.5 -8.3 January to September 2010 Gas 65.8 69.8 -5.7 October – December 1 The table shows the main companies in the EnBW group. Go-ahead for EnBW’s solar farm Move to reduce consumption First geothermal power station in MeRegio – electricity grid of 2 The companies operating the grids are in compliance with EnBW Erneuerbare Energien GmbH begins EnBW launches a wide public campaign Baden-Württemberg in operation the future 4 Employees of the EnBW group the unbundling provisions of the German Energy Industry Act. construction of its first major solar farm to reduce energy consumption. The 3 The joint pilot project of EnBW and EnBW starts the MeRegio (Minimum Gas sales to households project. at Leibertingen (Sigmaringen district). company’s customers become ambassa- Number 2009 2008 Variance Energie- und Wasserversorgung Bruchsal Emission Region) research project spon- Around 2.1 million kW of electricity will dors, reporting on how they use energy GmbH (ewb) in Bruchsal is to make a sored by the Federal Ministry of Economics % be generated each year on a site covering efficiently and what EnBW does to support contribution through research and with the first 100 of a total of 1,000 test Employees (annual average) 20,914 20,357 2.7 seven hectares. This is sufficient to them. development work towards sustainable, households in Baden-Württemberg. The supply some 600 households and save economically viable operation of geo- aim is to use smart grids to reduce the 1,240 t of CO2. thermal power stations. CO2 emissions of an entire region. 1 Prior-year figures restated. 2 In relation to the profit shares attributable to the equity holders of EnBW AG.
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