Uniper Strategy Highlights Andreas Schierenbeck, CEO Uniper
Uniper strategy highlightsAndreas Schierenbeck, CEO UniperFortum Capital Market Day, December 3, 2020
Uniper at a glanceOur business Power GenerationCommodity TradingEnergy StorageEnergy SalesEnergy ServicesGas powerplants100 years 863mn 34 GWExperienceAdj. EBIT1Generation capacity1 200 TWh 2000 TWh 400TWhEnergy SalesTradingCoal powerplantsGas Nuclearplants1Asof December 31, 2019Energy sales to small and largecustomersGas infrastructureEngineeringServices2
Uniper’s evolutionary stepsTightening the ship2015 - 2017Setting the sails2018 - 2019New Strategy2020TSR 200%CO2 reduction 36% Cash optimizedPortfolio streamlinedRating securedTransparency increased Operations improvedGrowth in security of supply initiatedLegacy projects put on home stretchTrack record of delivery establishedCO2 Carbon-neutral in Europe by 2035 World’s 8th most valuable brand(utilities) according to BrandFinance Classified best employer amongstGerman utilities Best employee feedback ever TRIF 50% lower than 20163
Driving decarbonization activelyEuropean GenerationGlobal CommoditiesRussian Powermt CO222.2With ourmeasures201920252030Carbon neutral by 203502035Actively reduce carbonemissions4
Sustainability ambitions further increasedEuropean GenerationMarch 20Carbon neutral by2035 at the latest 50% emissionreduction* by 2030Global CommoditiesRussian PowerActively reduce carbon emissionsScope 3 targets to bedeveloped in 2021Focus on REScapacity schemeImplementation of TCFD frameworkTodayCommitment to become carbon neutral by 2050*compared to 2019, including Scope 25
Strategy: Clear transition agendaCoalgenerationGas generation &gas midstreamEBIT2019Decarbonize Exit path for hard coal and lignite fleetwith aim to offer new business andemployment prospects Improve carbon footprint of remaining fleet Materialize commercial value withbrownfield site conversionsActive de-riskingCarbon-freegenerationEBIT2019Expand & decarbonize Expand Customer Solutions businesswith industrial customers TSOs Materialize merchant upside of existinghigh efficient gas-fired power generation Decarbonisation of gas flows as longterm goal with upside for existinggeneration and gas midstreamLeverage current portfolioEBIT2019Expand Expand carbon-free position by eitherdirect exposure to the renewable value chainor act as enabler of renewable projects Key focus on sustainable portfoliotransformationExplore new options6
Strategy: Clear transition agendaCoalgenerationGas generation &gas midstreamEBIT2019Decarbonize Exit path for hard coal and lignite fleetwith aim to offer new business andemployment prospects Improve carbon footprint of remaining fleet Materialize commercial value withbrownfield site conversionsActive de-riskingCarbon-freegenerationEBIT2019Expand & decarbonize Expand Customer Solutions businesswith industrial customers TSOs Materialize merchant upside of existinghigh efficient gas-fired power generation Decarbonisation of gas flows as longterm goal with upside for existinggeneration and gas midstreamLeverage current portfolioEBIT2019Expand Expand carbon-free position by eitherdirect exposure to the renewable value chainor act as enabler of renewable projects Key focus on sustainable portfoliotransformationExplore new options7
European Generation CO2-neutral by 2035CO2 emissions of European Generation (net)50in mt4544Coal generation40-50%35Exit of 5 GW of fossil capacityin Benelux, GER and France3025Main driver: Coal-exit2220-50%15111050CO2-neutral2016Uniper start2019203020358
Uniper coal exit plans per countryNational coal exit plansUniper‘s coal fleet in Europe – Exit pathMWCoal 0384000200002020E2025E2030EHeyden* 875 MWSchkopau 900 MWScholven 760 MWWilhelmshaven 757 MWStaudinger 5 510 MWRatcliffe 2,000 MWMaasvlakte 3 1,070 MWDatteln 4 1,050 MW2035E2040E*end of commercial operations; technical end of operations subject to TSO decision9
Transforming liabilities into opportunitiesCoal generationSite conversion togas-fired plantsSite conversion toindustrial hubsNew solutions e.g.Hydrogen andRenewablesRatcliffe (2GW)Protect and maximize land value –pursue options wider regionaldevelopment contextMaasvlakte (1.1GW)Secure existing customers, generateICS opportunities, secure future ofsite and increase flexibilityScholven (0.8GW)Maximize land value and aim foradditional industrial customerssupplied from CHP, developdisentanglement program incl.demolitionWilhelmshaven/Huntorf (0.8GW)Attract new customers to sites andconsider in light of new technologies(hydrogen), also in context ofnewproposed LNG terminal projectnearbyStaudinger (0.5GW)Expand heat business and developsite for new services, e.g. datacenter hub.Heyden (0.9GW)Maximize land value and considerpotential grid services beyond coal10
Strategy: Clear transition agendaCoalgenerationGas generation &gas midstreamEBIT2019Decarbonize Exit path for hard coal and lignite fleetwith aim to offer new business andemployment prospects Improve carbon footprint of remaining fleet Materialize commercial value withbrownfield site conversionsActive de-riskingCarbon-freegenerationEBIT2019Expand & decarbonize Expand Customer Solutions businesswith industrial customers TSOs Materialize merchant upside of existinghigh efficient gas-fired power generation Decarbonisation of gas flows as longterm goal with upside for existinggeneration and gas midstreamLeverage current portfolioEBIT2019Expand Expand carbon-free position by eitherdirect exposure to the renewable value chainor act as enabler of renewable projects Key focus on sustainable portfoliotransformationExplore new options11
Uniper’s gas business at a glanceGas midstreamGas generation & gas midstreamGas generationGas infrastructureinvestments &gas storage 9 GWSales business 200 TWhGas fleet,contractswith TSOsIndustrialCustomerSolutions,CHP55 bcm/a(up to10%*)Power-2-gasPower-2-X4.2 MW of operatingelectrolysis16 bcm/a(20%)NordStream IIBBLOPALCavern StorageGER/UK 4.3 bcmGasstorage 8 bcmGas LTCs 400 TWhRegasification4.7 bcm p.a.36.5 bcm/a(20%)TransitgasPorous Rock StorageGER/AT 3.4 bcm18 bcm/a(3%)LNG supply 35 TWh p.a.Excluding Russia*financial commitment12
Security of supply, customer centricity & decarbonizationof our own fleetGas generation & gas midstreamSolutions for TSO customers Killingholme & Grain: four 6-yearcontracts to deliver innovative gridstability services Irsching 6: Building new gas powerplantSolutions for industrialcustomers Decarbonization(Making Net Zero Possible)Scholven: Converting from coal togas, providing other energies (e.g.heat and pressure) to customers inthe region13
Decarbonization requires sector couplingEnergy sector has lowered emissions by 35%Gas generation & gas midstream163.3EuropeanGreen Deal:209.7159.9153.0153.9283.8Net-zero greenhousegas emissionsby nd .1201020162017*2018*2020Mio t CO2 eEnergy sectorIndustryBuildingsTransportation*Source: Calculations of the Öko-Institut, Fraunhofer and IREES.*Data for 2017 and 2018 from current inventory data (UBA 2020).14
Gas generation & gas midstreamHydrogen imports will be neededGerman greenhydrogen productionplanned to be at14 TWhH2German Hydrogendemandis projected at around90-100 TWhGap 2030 76 TWh15
Technology openness is keyRenewablesPower-to-GasSector CouplingGreen Hydrogen H2Direct UseElektrolyseGas generation & gas midstreamWindBlended intonatural ionNatural gas grid:Storage/transportationMobilityGas Splitting / Reformation CC(U)SGas SplittingTurquoise hydrogen (H2)Direct UseCH4PowerBlended intonatural gasCNatural gasH2Reformation CC(U)SCO2HeatCH4Blue Hydrogen (H2)Direct UseH2OH2O (water), H2 (hydrogen), CO2 (carbon dioxide), SNG (Synthetic Natural Gas), CH4 (methane), C (solid carbon), CC(U)S (Carbon Capture (Utilisation) and Storage)Electricity16
Gas generation & gas midstreamUniper‘s infrastructure and trading skills ideal to meet(import) demand for the switch to hydrogenSales business 200 TWh Global Origination team wellpositioned to commercialize hydrogenactivitiesGas fleet,contracts Power-2-X4.2 MW of operatingelectrolysisGasstorage 8 bcmGas LTCs 400 TWhRegasification4.7 bcm p.a.LNG supply 35 TWh p.a. Infrastructure can deal with anincreasing amount of hydrogen today Already substantial experience inoperating hydrogen facilities in MWclass Current projects envisage multi-MWelectrolyser and blue hydrogenassets and storing hydrogen inunderground cavern storage17
Our hydrogen project pipelineHumberH2 chemical industryH2H2Power-to-Gas HamburgGas generation & gas midstreamWilhelmshavenH2 Connah‘s QuayH2H2 for mobilityHumberH2Power-to-Gas FalkenhagenStore&Go methanationEpeNorth WalesH2HamburgBad LauchstädtWilhelmshavenIlse of venScholvenH2 GrainBierwangH2BierwangH2 MaasvlakteExisting plantH2 Green hydrogenPlanned projectPorous rock storageH2 Blue hydrogenPower plantCavern storagePower-to-Gas-to-Fuels18
Gas generation & gas midstreamFirst-of-a-kind large scale commercial size project – largesthydrogen electrolysis unit installed in the Chemical sector1RenewableenergyCO2 & CircularstreamsBiogas WastewatertreatmentplantElectrolysis25 MWelHH22OO22SyngasPerstorp“One Team Approach”MethanolPerstorpH2 Supply: 3500 tonnes/annumGHG reduction2: 500 ktCO2/annumProduction of renewable methanol using renewable hydrogen, biogas, CO2 and residue streams.First large-scale plant in the world that uses recycled wastewater to produce hydrogen.1Itis probably the world‘s largest plant. We are investigating it.reduction for entire project, including CCU and residue streams2GHG19
Strategy: Clear transition agendaCoalgenerationGas generation &gas midstreamEBIT2019Decarbonize Exit path for hard coal and lignite fleetwith aim to offer new business andemployment prospects Improve carbon footprint of remaining fleet Materialize commercial value withbrownfield site conversionsActive de-riskingCarbon-freegenerationEBIT2019Expand & decarbonize Expand Customer Solutions businesswith industrial customers TSOs Materialize merchant upside of existinghigh efficient gas-fired power generation Decarbonisation of gas flows as longterm goal with upside for existinggeneration and gas midstreamLeverage current portfolioEBIT2019Expand Expand carbon-free position by eitherdirect exposure to the renewable value chainor act as enabler of renewable projects Key focus on sustainable portfoliotransformationExplore new options20
Carbon-free generationGrow CO2-free power generationMaintain & optimizeEnter & expandContinue to expandNordic hydro and physicaltrading optimization.Cooperation with Fortumcreates value and benefits forboth companies, O&Msavings: “One Team Approach”Kickstart a large-scale sun andwind power generation portfolio,capturing the potential on ownedsites. Cooperating with Fortumbrings additional expertise andresources benefiting bothcompanies: “One Team Approach”Subsidy-free market inEurope offers growthopportunities in PPAsContractualAssetsGreener focus1.4 GW3.6 GW 1-3 GWin the midterm5 TWh p.a.by 202321
Carbon-free generationUniper is developing a renewables portfolioSpacePermittingGrid connectionOn and around existing assetsEmbedded in local communitiesGrid headroom on powerplantsGreen hydrogen Trading3 GW1 GWshort-term 2025medium-term 202522
Deutsche Bahn and Uniper assessing decarbonizationoptions in addition to today’s CO2-free hydro power supplyFrom coal Carbon-free generationOpencast lignitemine closed in 1988 to renewables Re-naturalisationand re-purposing Assessing the installation of a20-40 MW floating photovoltaicsystem and moreEnabler of sector coupling Testing potential for hydrogenreconversion in several existinglocations Exchange on strategic orientation inthe field of e-mobility.23
Empowering Energy Evolution:Wilhelmshaven potentialFrom coal Shutdown of coalsite by 2022 to Gas to HydrogenSecurity of supplyEnabler of sector coupling Technology partnerships for H2 –like the Salzgitter/Rhenus cooperationfor the direct reduction of iron ore. Arrange H2 infrastructure to supplythe Wilhelmshaven/Huntorf region incooperation with regional partners(e.g. EWE). Enable long term H2 importopportunities via deep seaportconnection.LNG/H2 terminal plannedNearby gas storage in EtzelGas connection Already existing gas networknearbyExisting hydrogen pipeline toScholven24
Dec 03, 2020 · Exit of 5 GW of fossil capacity in Benelux, GER and France . Main driver: Coal-exit. Uniper coal exit plans per country 9 Coal generation. Germany: 2038 Netherlands: 2029. UK: 2025. Uniper‘s coal fleet
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