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Our energy for a sustainable life

RWE corporate presentation

RWE has been producing electricity with passion for over 120 years. Now RWE is shaping the new energy era.

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The future begins today,

• ver 120 years ago.

1898 1914

Lignite as the key to inexpensive electricity. RWE builds the first national power line in Germany.

1928 1950s

Electricity for the post- war economic miracle. Ludwig Erhard opens Weisweiler lignite-fired power plant.

1955 1970s

Nuclear power offers security of supply.

2002

CO2 output reduced through the use of lignite-fired power stations with optimised plant technology (BoA). Research, development and testing of renewables.

1976

Transaction with E.ON, making RWE one of the world’s largest generators of electricity from renewable sources.

2019

Founding and IPO of innogy SE.

2016

Affordable Reliable Clean

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Sources: 1 International Energy Agency, World Energy Outlook 2018. | 2 Paris Agreement of the UN Framework Convention on Climate Change (UNFCCC).

3 UNFCCC, European Union, ratification status, Paris Agreement, date of ratification: 5 October 2016.

Important climate protection goals Fundamental sector trends Demand for power is growing globally

The global challenge of our age: Meeting the growing demand for electricity and protecting the climate.

Electrification of industry Electrification of transport Paris Agreement 2 Limiting global warming to well below 2 °C

15,441 25,679 37,114

2000 2017 2040

EU-28: 40 % reduction in greenhouse gas emissions between 1990 and 20303

Electricity generation (TWh1)

Electrification of heat supply

Sustainable development scenario

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Dr Rolf Martin Schmitz Chairman of the Executive Board

We have a clear goal: to be climate-neutral by 2040. With clean, reliable and affordable electricity.

Dr Markus Krebber Chief Financial Officer

We are clearly committed to future-

• riented technologies

and are investing in attractive markets in a targeted manner.

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The new RWE purpose.

Our energy for a sustainable life

RWE corporate presentation

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• Between 2012 and 2019, RWE reduced its CO2 emissions by

almost 90 million tonnes. This represents a 51% reduction.

• In 2020 RWE will be decommissioning its last coal-fired power

station in the UK.

• RWE is in the process of converting its coal-fired power stations

in the Netherlands to biomass.

• Further coal-fired power stations will be taken off the grid in

Germany by 2030, in accordance with the recommendations of the country’s structural-change commission.

• Germany wants to exit coal-based power generation by 2038.
• From 2040 RWE will be using renewables and storage facilities

almost exclusively. Natural-gas power stations are to ensure reliable supply through the use of “green” gas and CO2 sinks.

… with a clear road map CO2 reduction at RWE: achieving carbon neutrality in three stages1 ...

Ambitious, responsible, resolute. With a clear goal: to be carbon-neutral by 2040.

1 Breakdown of estimated figures in million tonnes:

after completion of the transaction with E.ON.

Driving force behind the energy transition – with a powerful position.

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Offshore wind,

• nshore wind,

photovoltaics and storage technologies RWE Renewables RWE Generation RWE Power RWE Supply & Trading Gas, hard coal, hydropower and biomass Lignite Nuclear power

Energy trading and customer solutions

Gas storage 3,900 employees in more than 15 countries 3,100 employees in Europe 11,700 employees in Germany 1,700 employees from 45 nations Operating Business

Business model fully aligned with our strategic focus

• n the energy transition.

Core Coal/Nuclear

Supply & Trading Onshore Wind/Solar

• Expansion of

global trading business and commercial platform

• Expansion in on-

shore wind and acceleration of solar deployment in core regions Offshore Wind

• Global expansion
• f offshore wind

capacity Hydro/Biomass/ Gas

• Targeted invest-

ments in flexible back-up capacity

• Responsible and

socially accept- able phaseout

• f coal
• Phaseout of

nuclear and secure and efficient dismantling

Carbon factor2 Share of coal in Group revenues g/kWh

12 Mar 2020 Capital Market Day Page 8

GW Installed capacity1

The new RWE is one of the largest producers of electricity from renewable sources in the world.

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in renewables in Europe globally in

• ffshore wind

No. globally in renewables No. No.

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… and a global presence ...

Renewable capacity by technology

A diversified portfolio …

RWE: international, future-oriented and broadly positioned. Ideal conditions for clean, reliable and affordable electricity.

Renewable capacity by country

... ensure a strong starting position in the renewables market.

8,9 GW

pro rata

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Examples of wind parks: The onshore wind park Cranell, with a capacity of 220 MW, as well as Big Raymond, 440 MW, are currently being installed in Texas, where Peyton Creek, 151 MW, has been in operation since March 2020. The Triton Knoll offshore wind park (860 MW) is under construction off the east coast of England.

RWE counts on renewables for targeted and sustainable growth.

billion euros provided by RWE for renewables until 2022 gigawatts net annual growth in renewables Example – solar: Australia’s largest solar power station (349 MWp) is currently being built in Limondale.

RWE’s driver of results: The new strategic alignment with a focus on “green” growth.

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contribution to RWE results by core business with a focus on sustainable technologies. More than

Note: 2019 pro forma adjusted EBITDA; pro forma: new business segmentation and inclusion of E.ON‘s acquired assets for full fiscal year 2019.

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• Approximately 80% secured and flexible
• capacity. The latter is composed of 19 GW

from gas, water and biomass.

• Flexible power park as secure backbone of

energy supply in our European core markets

• Our gas turbine power plant and

approximately 13.5 million tonnes of trades LNG (liquid natural gas) in 2019, RWE ranks as the No. 3 in Europe in terms of capacity. Total electricity generation capacity1

RWE supplies secure renewable energy and reduces the Co2 emissions of conventional energy.

RWE: an attractive employer for some 20,000 people. In Germany, Europe and around the world.

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Top employer

RWE achieves top positions in many employer rankings. Our staff are helping to shape the energy transition as part of a global company.

Flexible but safe

Health and safety are our number one priority at RWE. We facilitate a flexible work culture and a positive work- life balance.

International

RWE is colourful. People from 66 nations work on 4 continents and in over 20 countries. Social Engagement

RWE is committed to putting social responsibility into practice. With support from RWE, thousands contribute time and effort to projects that are close to their hearts.

Diversity

Harnessing the potential

• ffered by cultural and social

diversity is the declared aim

• f diversity management at

RWE.

• Innovatively. Sustainably. Responsibly.

RWE is promoting technological progress.

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Power-to-X

Power-to-X technologies are to be developed in the Rhineland in a partnership between industry and research. The purpose is to produce synthetic fuels (“e-fuels”), e.g. methanol, from green hydrogen and CO2 produced in power stations and industrial plants.

Hydrogen

RWE is conducting research into the possible uses of hydrogen in the GET H2 project and through the installation of a 105-MW power-to-gas electrolysis facility in Lingen,

• Germany. RWE is also a partner

in hydrogen research in the region of Groningen, Netherlands, and South Wales, UK.

Thermal energy storage

Conversion of a coal-fired power station into a thermal-storage power plant, in which the generation of steam using coal is replaced by heat from a molten- salt thermal storage tank, generated from solar and wind power.

Geothermal

EU project overseen by Geologischer Dienst NRW. RWE is using its Weisweiler power station for deep geothermal utilisation: long- term transformation of the district heating network.

RWE takes on responsibility. We actively shape the future as part of society.

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Corporate culture with integrity and respect Climate protection Environmental protection and conservation Supply chain standards and procurement Social engagement Security of supply and critical infrastructure Sustainability is an integral part of RWE’s strategy. RWE is part of the UN Global Compact and actively supports the achievement of the UN Sustainable Development Goals.

Our responsibility

RWE corporate presentation 14.07.2020

RWE is a responsible partner. And we are proud of our roots.

Although we are an internationally active company today, our roots lie in the Rhineland and Ruhr region. We have grown with the regions – and they have grown with us. Our commitment today is based on this understanding. We assume responsibility as a reliable partner with numerous social endeavours, education cooperations and local sponsorship in all the regions in which we are active in energy production. Moreover, we will be recultivating to a high ecological standard the opencast-mining sites for agricultural and forestry use over the coming decades.

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Note.

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This document contains forward-looking statements. These statements reflect the present opinions, expectations and assumptions of the management and are based on information the management has at its disposal at the present time. Forward-looking statements contain no guarantee for the occurrence of future results and developments and are associated with known and unknown risks and uncertainties. The real future results and developments can therefore on the basis of different factors fundamentally deviate from the expectations and assumptions expressed here. These factors particularly include changes in the general economic situation and the competitive situation. In addition, the developments in the financial markets, exchange rate fluctuations, national and international changes in the law, particularly regarding tax regulations, and other factors can have an influence on the future results and developments of the company. Neither the company nor a company associated with it takes on an obligation to realise the statements contained in this announcement.

Thank you.

Best prerequisites for RWE: Driving force for tomorrow’s energy sector.

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