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Energy Company and Environmental Services Provider September 2021 2 Agenda

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Energy Company and Environmental Services Provider September 2021 2 Agenda EVN – energy company and environmental services provider September 2021 2 Agenda EVN at a glance Business development (FY 2019/20) Back-up information Company presentation, September 2021 3 Integrated business model as basis for our value chain Generation1) Networks1) Trade and Customers2) Environment Thermal (985 MW) Electricity supply Electricity (3.5m) Drinking water Renewable (720 MW) (145,707 km) supply Electricity Natural gas (0.3m) Natural gas Wastewater Natural gas Heating (0.1m) Storage (14,019 km) treatment Heat Drinking water (0.6m) Natural gas Heat Thermal waste and (903 km) sludge utilisation 1) As of 30 September 2020 2) Number of customers in brackets Foreign markets in the energy business − Bulgaria: Electricity distribution networks, electricity supply, generation and heat − North Macedonia: Electricity distribution networks, electricity supply and generation − Selected activities in Germany, Croatia and Albania Company presentation, September 2021 4 High share of regulated and stable business EUR 590.4m 82% of EBITDA from regulated and stable business (in FY 2019/20) Regulated business in Lower Austria Electricity distribution networks Natural gas distribution networks Stable business in Lower Austria Wind generation Water supply (2.6%) Heat (8.5%) Waste incineration (4.3%) Cable TV and telecommunication (5.5%) Earnings contribution from Burgenland Holding (3.5%) Regulated business in SEE Electricity distribution networks Unregulated business Electricity supply Generation Heat Energy trade and supply International environmental projects Storage of natural gas Company presentation, September 2021 5 Strategy 2030 >80% of EBITDA from stable and EUR 450m Integrated regulated activities annual investments business model Stable More sustainable. dividend policy More digital. Digitalisation of customer processes More efficient. Stable net debt Reduction Diversification of specific emissions through international by 50% (2030 vs. 2005) project business Company presentation, September 2021 6 Sustaining high share of stable income from regulated network business Investments in electricity networks − New construction or expansion of transformer stations and substations − Expansion of 110 kV power lines − Smart meter Investments in gas networks − Replacement of PVC gas pipelines Ø future RAB growth 3-4% p.a. Company presentation, September 2021 7 Regulated business in Austria Network Electricity Natural gas Comments Regulatory authority E-Control GmbH E-Control GmbH Start of the regulatory period 01.01.2019 01.01.2018 Next regulatory adjustment 01.01.2024 01.01.2023 Adjustment of WACC and productivity factors Duration of the regulatory period 5 years 5 years Regulatory method Revenue caps Revenue caps Annual investments are added to the RAB in the RAB (EURm) Annually adjusted Annually adjusted following year New RAB (as of 2019): New RAB (as of 2018): 5.20% 5.20% Set for length of regulatory period WACC (pre-tax, nominal) Existing RAB of DSO Existing RAB of DSO with Higher WACC for existing RAB of DSO with above- with average average efficiency: average efficiency (such as EVN/Netz NÖ) efficiency: 4.88% 4.88% Gains from cost reductions remain with the General productivity factor 0.95% 0.83% company during the regulatory period Network operator price index consists of consumer Inflation Annual adjustment Annual adjustment price index and wage increase index Company presentation, September 2021 8 Further expansion of renewable generation fleet as strategic priority EVN’s renewable portfolio with Successful reduction of CO2 720 MW installed capacity1) footprint in electricity generation Continuous increase of renewable share − 50% target exceeded in FY 2019/20 − Further growth of renewable electricity production envisaged 1) As of 30 September 2020 Company presentation, September 2021 9 EVN is #2 wind producer in Austria Planned development of EVN’s installed wind capacity (in MW)1) Evaluation of large-scale photovoltaic projects (up to 100 MW) 1) Subject to appropriate framework conditions Company presentation, September 2021 10 Strong market position in Austria EVN‘s electricity market share Electricity market shares Gas market share in Gas market shares in in Lower Austria in the Austrian market Lower Austria the Austrian market EVN: 10% EVN: 6% EVN: 72% EAA & Partners: 18% EVN: 36% EAA & Partners: 7% (excl. EVN) (excl. EVN) Market size: 8.4 TWh 60 TWh15 TWh 94 TWh Churn rates in Lower Austria 7.1% 6.7% 6.7% 6.2% 5.5% 4.9% 4.3% 4.5% 4.0% 3.6% 3.7% 3.4% 2.5% 2.1% 2014 2015 2016 2017 2018 2019 2020 electricity gas Market shares refer to FY 2019/20; EVN holds a 45% stake in EAA & Partners Source market shares: E-Control 2020, EVN annual report and company numbers Company presentation, September 2021 11 Source churn rates: E-Control, market statistics – consumer attitude/churn rates electricity and gas according to network areas Continuous efforts to achieve further operating improvements in SEE Ongoing reduction of grid losses Number of customers − Bulgaria: 1.8m − North Macedonia: 0.9m Commitment to supply security Investment strategy for SEE − Expansion and upgrading of network infrastructure to continuously reduce network losses − Replacement of metres to further improve collection rates Company presentation, September 2021 12 Drinking water business in Lower Austria – stable earnings contribution and future growth area Largest regional drinking water supplier − 0.6m drinking water customers − Supra-regional pipeline networks and local water supply networks − Operation of 4 natural filter plants to reduce the hardness of water by natural means − Commissioning of 5th natural filter plant in winter 2021/22 Expansion of cross-regional pipeline networks (until 2030) EVN’s drinking water supply area in Lower Austria − ~EUR 165m total investments − ~300 km additional pipelines Company presentation, September 2021 13 International environmental projects further diversify EVN’s business mix International project business − WTE Wassertechnik GmbH (Germany) − Planning and construction of plants for drinking water supplies, wastewater disposal and thermal waste incineration − Operation and financing (upon request) − 9 projects under planning and Sludge drying and thermal sludge treatment plant project Tubli (Bahrain) construction (Germany, Poland, Lithuania, Romania, Bahrain, Kuwait)1) Plants for thermal utilisation of sewage sludge as area with high future potential − Contracts for projects in major German cities (Berlin, Hanover, Straubing) 1) As of 30 June 2021 Company presentation, September 2021 14 Wastewater treatment project Umm Al Hayman (Kuwait) Wastewater treatment plant (PPP) − Capacity: 500,000 m3/d (~1.7m people) − EPC contractor: WTE (100%) − Contract value: ~EUR 600m − Construction period: 2.5 years − Financing: equity1) (20%), bank debt (80%) Sewage infrastructure (DBO) Layout of wastewater treatment plant − Pipes (450 km), pumping stations etc. − EPC contractor: WTE (67.6%) and two local partners − Contract value: ~EUR 950m − Construction period: up to 4 years − Financing through State of Kuwait (100%) 1) Shareholders: State-owned Kuwaiti institutions (80%), WTE (20%); WTE’s equity contribution (~EUR 30m) is covered by a state guarantee from the Federal Republic of Germany Company presentation, September 2021 15 Significant contribution to EVN‘s net profit from strategic investments Verbund AG 12.63% − #1 electricity producer in Austria and EUR 30.3m1) #2 hydropower producer in Europe with 8.2 GW installed capacity 73.63% Burgenland Holding AG EUR 20.8m1) − Holds a 49% stake in Energie Burgenland (#1 green energy producer in Austria, distribution networks, sale of energy) 50.03% RAG Austria AG EUR 42.9m1) − ~6bn m3 storage capacity for natural gas 1) Contribution to EVN’s result before income tax in FY 2019/20 Company presentation, September 2021 16 Key messages to our shareholders High share of earnings from regulated and stable business Continuous strengthening and expansion of domestic regulated and stable activities − Networks, wind generation, heating, drinking water supply Benefit from solid home market − Maintain strong anchorage in the supply business despite growing competition Robustness of integrated business model Commitment to stable dividend policy Company presentation, September 2021 17 Outlook for 2020/21 Group net result for 2020/21 is expected to range from approximately EUR 200m to EUR 230m − Assuming average conditions in the energy business environment − Further course of the corona crisis and the resulting macroeconomic effects could have a negative influence Investment strategy − Continued increase in annual investments over the coming years to an average of up to EUR 450m depending on projects − Thereof approximately three-fourths will be directed to renewable generation, networks, district heating and drinking water in Lower Austria − Wind and photovoltaic projects will be developed in Lower Austria as well as in the core markets outside Lower Austria − Occasional delays resulting from the lockdown will be recovered as soon as possible Company presentation, September 2021 18 EVN share Shareholder structure Dividend history 2019/20 2018/19 Dividend per share (EUR) 0.49 0.47 + 0.031) Payout ratio (%) 43.8 29.4 Dividend yield (%) 3.4 3.1 30.06.2021 Share price (EUR) 19.88 Market capitalisation (EURm) 3,576 1) Bonus dividend of EUR 0.03 per share According to federal and provincial laws, the Province of Lower Austria is required to
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