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One reason for the increase in net financial debt was the first-time application of IFRS 16, which means that the statement of leasing liabilities has a negative effect on net debt, and another was the budget deficit. Furthermore, innogy posted considerably higher proceeds from disposals of assets and divestitures, primarily relating to the sale of the Czech gas business. In all matters of interpretation of information, views or opinions, the Czech version of the Annual Report takes precedence over the English version. innogy’s takeover by E.ON led to significant structural effects in terms of reporting. Most of the expenditure went towards the expansion and modernisation of network infrastructure in Germany. innogy Slovensko s. r. o. Furthermore, higher grid fees and wholesale prices for electricity and gas in the German retail business were not fully passed on to the customers. As discount rates fell from 1.8 percent to 1.3 percent in Germany and from 2.8 percent to 2.1 percent in the United Kingdom during the reporting period, provisions for pensions rose. The main reasons for the decline in results were regulatory interventions in the British retail business in relation to introducing the price cap for standard tariffs and intense competitive pressure. Annual Report for the year ended 31 December 2016 and Independent Auditor's Report February 2017 Neither the Company nor any of its affiliates assumes any obligations to update any forward-looking statements. innogy SE closed fiscal 2019 below the previous year, as anticipated, and achieved the outlook amended in November 2019. These statements are based on the current views, expectations, assumptions and information of the management, and are based on information currently available to the management. As at 31 December 2019, the net debt of continuing operations amounted to €17.9 billion, while the net debt of discontinued operations stood at €1.3 billion. The Annual Report has been prepared in the Czech language and in English. The business activities to be sold to RWE in relation to innogy’s takeover by E.ON were moved to the segment ‘Divestment Business’ and stated as discontinued operations since the nine months 2019 statement. Contents. We would like to thank our customers for their trust which they demonstrate to our innogy brand, as well as to our partners for the cooperation in the previous year. In all matters of interpretation of information, views or opinions, the Czech version of the Annual Report … This document contains forward-looking statements. innogy Energie, s.r.o. Adjusted net income amounted to €427 million, a reduction of around 39 percent. On 4 March 2020, the Extraordinary General Meeting agreed to the squeeze-out request of the majority shareholder E.ON and approved the cash compensation of €42.82 per innogy share for the remaining minority shareholders. As at 31 December 2019 innogy employed a workforce of 34,523 in the Group as a whole. In the Grid & Infrastructure division, earnings were reduced due to the sale of the Czech gas grid business at the end of February 2019.For details of the business performance, please refer to the Annual Report 2019, available at www.innogy.com/annual-report-2019. Compared to 31 December 2018, the number of employees thus fell by 2,851. Annual report 2017. Accept cookies to experience the full functionality of this page. Adjusted EBIT at around €1.6 billion Adjusted net income at around €0.4 billion innogy SE closed fiscal 2019 below the previous year, as anticipated, and achieved the outlook amended in November 2019. The Annual Report has been prepared in the Czech language and in English. innogy chooses 14 MW turbines for its 1.4 GW Sofia Offshore Wind Farm, innogy sells US wood pellet plant to Enviva, Une récompense pouvant atteindre 100000 euros en échange d'informations sur l'attaque à l'acide contre le directeur financier d’innogy Bernhard Günther, Up to EUR100,000 reward for information about acid attack on CFO Bernhard Günther, innogy's operations perform as expected in the first quarter of 2020, innogy sells its offshore installation vessel to Hong Kong based leasing company, Adjusted net income at around €0.4 billion. Consequently, in November 2019 innogy adjusted the previous forecast to reflect these effects. Some modules are disabled because cookies are declined. ANNUAL REPORT innogy Slovensko s.r.o.

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To our shareholders At a glance 2 Letter from the CEO 3 Executive Board 4 Supervisory Board report 6 innogy stock 12 1 Combineedwevi r of operations 17 1.1 Strategy18 1.2 Innovation 26 1.3 Energy sector environment 32 1.4 Political environment 36 … Provisions for wind farm decommissioning are now mostly reported in the net debt of discontinued operations. Products focused on in Zonal heating regulation Washing Without Worries service Forward-looking statements shall not be construed as a promise for the materialisation of future results and developments and involve known and unknown risks and uncertainties. During the reporting period, capital expenditure fell by €41 million to €1,856 million. To our shareholders At a glance 2 Questions for the Executive Board 3 Executive Board 4 Supervisory Board report 6 innogy stock 12 1 Combineedwevi r of operations 17 1.1 Strategy1 Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company, and other factors. innogy Grid Holding, a.s. is hereinafter also referred to as “the Company” or “innogy Grid Holding”. is hereinafter also referred to as “the Company” or “innogy Energie”. Additionally, there was significant spending to expand the company’s broadband activities. The company recorded adjusted EBIT amounting to €1,615 million, which was around 23 percent below the previous year’s figure. Capital expenditure declines slightly year on year. We use cookies to optimize the website, no personal information is stored. The decline is primarily due to the sale of the Czech gas grid business in the first quarter. The company recorded adjusted EBIT amounting to €1,615 million, which was around 23 percent below the previous year’s figure. These structural effects had an impact on the outlook for fiscal 2019, as the operations in the Divestment Business segment no longer contribute to the consolidated figures for adjusted EBIT and adjusted net income, among other things. Part-time positions were considered in these figures on a pro-rata basis. 2018 .

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