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Development of E.ON in oil and gas sector

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Development of E.ON in oil and gas sector
Development of E.ON in oil and gas sector
Dr. Maxim Stein-Khokhlov, E.ON E&P

Upstream Lectures Course
Moscow, October 2013

Agenda

E&P within E.ON Group - Overview
Our business portfolio
Adding value with innovative technology
E&P Engagement in Russia
Conclusion and Outlook

E.ON – Power and Gas

 Active in Europe, Russia, Americas and North Africa
 More than 70,000 employees
 Over €130 billion in sales and ca. €10,8 EBITDA in 2012
 Our objective is to make energy cleaner & better wherever we operate
 Implementing a new strategy to transform E.ON into a global provider of specialized energy solutions

E.ON SE - Group structure
Group Management

Generation

Nuclear

Fossil

Renewables

Hydro

Wind/Solar/
Other

Optimization &
Trading
Proprietary
Trading

Optimization

Exploration &
Production

New Build &
Technology1

Germany

Other EU countries Russia

Support functions1 UK
Sweden
Italy
Spain

Other

Grid transport/
Shareholdings/
Other

France
Netherlands
Hungary
Czechia
Slovakia
Romania

Distribution, Sales,
Distributed energies

Global units

Regional units

Support functions 1. Not a reporting segment.
4

Rationale to build up a significant equity gas position: diversification, integration, competitiveness and profitability
E.ON Upstream Rationale
Diversification
“Physical lense”

Vertical integration
“Financial lense”

Competitiveness

Profitability & growth  Supply diversification  Regional diversification  E.ON´s gas market access as competitive edge in the
E&P business

 Contribution to reduce volatility of midstream and downstream business (implicit hedge)  Close up with other integrated utilities
 Potential competitive advantage in power value chain
(price setting function of gas for power plants)

 Growth in a highly profitable nonregulated business segment E.ON’s E&P strategy

Strategy & business
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