2019
16th EnBW’s Group Bankers Day in Stuttgart-Münster
The morning of the event centred around four presentations:
- Dr. Frank Mastiaux, CEO: “EnBW’s strategic roadmap: status and outlook”
- Thomas Kusterer, CFO: “EnBW’s finance policy under the growth strategy”
- Dr. Lothar Rieth, EnBW Group sustainability expert: “Sustainability as an integral part of corporate strategy”
- Dr. Georgios Stamatelopoulos, Senior Vice President Generation: “Sustainable generation at EnBW”
Group’s transformation continues according to plan
The energy industry and policy environment are of fundamental importance to EnBW’s strategic roadmap. The Group’s transformation under the EnBW 2020 Strategy continues according to plan. Financially, too, EnBW is right on track. Current key activities for the company’s onward development are the construction of the Hohe See and Albatros offshore wind farms in the North Sea, entry into attractive foreign markets and a large-scale solar power project. This is all in line with the EnBW 2025 Strategy, the next strategic phase in which transformation is followed by growth. In addition, EnBW is active in the areas of electric mobility, broadband and security infrastructure. The company also continues to press ahead with innovation as a further major focus.
Capital market activities follow Group strategy. In October 2018, EnBW thus became one of the first companies in Germany to issue a Green Bond in order to fund initial projects in the areas of wind power, solar power and electric mobility. With total investment of €12 billion coming up between 2021 and 2025, access to the debt capital market continues to be a high priority. As EnBW transforms into a sustainable, innovative infrastructure group, the Group will optimise future capital market activities and actively manage its financial policy. In the same context, EnBW will also continue to push ahead in terms of sustainable finance.
This reflects the increasing importance of environmental, social and governance (ESG) issues, with climate protection currently a particular focus. EnBW pursues the express goal of generating economic, environmental and social value for all stakeholders. Sustainability aspects are therefore firmly embedded in the company’s organisation and strategy. Economic, social and environmental aspects are also taken into account in the strategic infrastructure focal areas of generation, grids and customers. EnBW has provided holistic reporting of its corporate performance with integrated annual reports since 2013.
EnBW continues to reduce its carbon intensity
Sustainable evolution of the generation portfolio is another area of special importance. EnBW has already parted with eight coal-fired units, and nine power plant units are in the grid reserve. The company has so far switched one plant – Stuttgart-Gaisburg – from coal to gas. Redispatching of conventional generation capacity is set to increase, however, and the decommissioning of Unit 2 at the Philippsburg nuclear power plant in late 2019 will also be made up for with conventional generation. Despite this, EnBW continues to reduce carbon intensity across its generating portfolio.
It is achieving this by further expanding renewables and deploying a more efficient fossil-fuel generating mix. The further expansion of renewable energy sources will mean an important role for gas-fired power plants in order to ensure security of supply with dispatchable generating capacity.
The EnBW Group Bankers’ Day concluded with an afternoon guided tour of the Stuttgart-Münster municipal solid waste cogeneration plant. About a third of all waste generated in Baden-Württemberg is incinerated in this plant. The energy from the waste is used for district heating and also to generate electricity – an environment-friendly and economic form of waste disposal.
2018
15th EnBW's Group Bankers Day in Stuttgart
CEO Dr. Frank Mastiaux’ presentation centred on implementation of the EnBW 2020 Strategy and strategic thinking beyond 2020. Attainment of the EnBW 2020 Strategy targets continues to have top priority. For the onward development of its strategy, EnBW is evolving in parallel into a sustainable, innovative infrastructure partner.
CFO Thomas Kusterer explained the high level of financial discipline and good operating performance that led in the course of the rigorous portfolio restructuring to the financial turnaround in 2017. Management of the company is based on the integration of strategic aspects and a performance management system having due regard to sustainability issues. The integrated reporting system also incorporates ESG components, which are also important to the capital market. EnBW is thus likewise well positioned on the capital market for the implementation of its strategy going forward.
In the ensuing focal topic presentation, Stefan Kansy, Head of Portfolio Development, described the key success factors for EnBW in the offshore wind business. His presentation focused here on the Hohe See and Albatros wind farms currently under construction in the North Sea. In addition, he explained the key aspects of the zero bid for He Dreiht and the company’s selective internationalisation in Asia and North America.
2017
14th EnBW’s Group Bankers Day in Leipzig
Following the welcome by Ingo Peter Voigt, Head of Finance, M&A and Investor Relations, and Ulf Heitmüller, CEO of VNG, EnBW´s CFO Thomas Kusterer explained the current economic situation of the EnBW Group. In particular he entered into the KFK solution (creation of a fund for the storage and disposal of nuclear waste) and the refund of the nuclear fuel tax. CEO Dr. Frank Mastiaux gave an update on the implementation of EnBW 2020 strategy as well as trends and new areas of growth beyond 2020.
The afternoon focused on VNG which is fully consolidated in the consolidated financial statements of EnBW as of 1 April 2017. At first, Ulf Heitmüller informed about the strategic focus of VNG until 2030. Ralph Bahke, Managing Director of de ONTRAS-Gastransport GmbH, presented the profile of the transmission system operator with the motto „Paving the way to a CO2-low energy future“. In the last speech the Managing Director of VNG Norge AS, Atle Sonesen, informed the audience about the E&P business area in Norway.
2016
13th Bankers Day in Karlsruhe
This year, Ingo Peter Voigt, Head of Finance, M&A and Investor Relations, was once again able to welcome the CEO as well as the CFO of EnBW as the main speakers. Dr. Frank Mastiaux made it clear that the main focus regarding EnBW’s strategy 2020 remain unchanged concentrating on growth initiatives, the implementation of further efficiency measures and the portfolio optimization of the company. Then CFO Thomas Kusterer explained the proposal of the nuclear commission for a sustainable financing of the nuclear phase-out in Germany, subsequently describing the importance of EnBW’s Asset Liability Management in this context. In connection with the growth initiatives intelligent forms of financing and participation models remain on top of the agenda.
In the afternoon the programme included a visit at EnBW’s Innovation Campus, also in Karlsruhe. A comprehensive overview was given of the innovation management and the related processes and working culture as well as the new venture approach of EnBW.
2015
12th EnBW Bankers Day in Berlin
The aim of the event is to strengthen long-standing relationships with our banking partners and to inform participants about current developments within the company and the energy sector.
Directly following the welcoming address by Ingo Peter Voigt, Head of Finance, M&A and Investor Relations, Dr. Frank Mastiaux, Chief Executive Officer, spoke about the current challenges faced by the company. Thomas Kusterer, Chief Financial Officer, subsequently described the current financial policy at EnBW and placed a particular emphasis on the enormous burden caused by the current rate of interest. Finally, Andreas Renner, Head of Business and Politics, spoke about the current political conditions in the energy sector.
We were able to secure Dr. Wolfgang Schäuble, Federal Finance Minister, as a guest speaker in the afternoon. Dr. Schäuble reported on current themes in fiscal policy, with a special focus on those challenges faced by the European Union and the currency union, and provided genuine insight into the political arena. The audience were then given the opportunity to receive answers to their questions first hand.
16th EnBW’s Group Bankers Day in Stuttgart-Münster
The morning of the event centred around four presentations:
- Dr. Frank Mastiaux, CEO: “EnBW’s strategic roadmap: status and outlook”
- Thomas Kusterer, CFO: “EnBW’s finance policy under the growth strategy”
- Dr. Lothar Rieth, EnBW Group sustainability expert: “Sustainability as an integral part of corporate strategy”
- Dr. Georgios Stamatelopoulos, Senior Vice President Generation: “Sustainable generation at EnBW”
Group’s transformation continues according to plan
The energy industry and policy environment are of fundamental importance to EnBW’s strategic roadmap. The Group’s transformation under the EnBW 2020 Strategy continues according to plan. Financially, too, EnBW is right on track. Current key activities for the company’s onward development are the construction of the Hohe See and Albatros offshore wind farms in the North Sea, entry into attractive foreign markets and a large-scale solar power project. This is all in line with the EnBW 2025 Strategy, the next strategic phase in which transformation is followed by growth. In addition, EnBW is active in the areas of electric mobility, broadband and security infrastructure. The company also continues to press ahead with innovation as a further major focus.
Capital market activities follow Group strategy. In October 2018, EnBW thus became one of the first companies in Germany to issue a Green Bond in order to fund initial projects in the areas of wind power, solar power and electric mobility. With total investment of €12 billion coming up between 2021 and 2025, access to the debt capital market continues to be a high priority. As EnBW transforms into a sustainable, innovative infrastructure group, the Group will optimise future capital market activities and actively manage its financial policy. In the same context, EnBW will also continue to push ahead in terms of sustainable finance.
This reflects the increasing importance of environmental, social and governance (ESG) issues, with climate protection currently a particular focus. EnBW pursues the express goal of generating economic, environmental and social value for all stakeholders. Sustainability aspects are therefore firmly embedded in the company’s organisation and strategy. Economic, social and environmental aspects are also taken into account in the strategic infrastructure focal areas of generation, grids and customers. EnBW has provided holistic reporting of its corporate performance with integrated annual reports since 2013.
EnBW continues to reduce its carbon intensity
Sustainable evolution of the generation portfolio is another area of special importance. EnBW has already parted with eight coal-fired units, and nine power plant units are in the grid reserve. The company has so far switched one plant – Stuttgart-Gaisburg – from coal to gas. Redispatching of conventional generation capacity is set to increase, however, and the decommissioning of Unit 2 at the Philippsburg nuclear power plant in late 2019 will also be made up for with conventional generation. Despite this, EnBW continues to reduce carbon intensity across its generating portfolio.
It is achieving this by further expanding renewables and deploying a more efficient fossil-fuel generating mix. The further expansion of renewable energy sources will mean an important role for gas-fired power plants in order to ensure security of supply with dispatchable generating capacity.
The EnBW Group Bankers’ Day concluded with an afternoon guided tour of the Stuttgart-Münster municipal solid waste cogeneration plant. About a third of all waste generated in Baden-Württemberg is incinerated in this plant. The energy from the waste is used for district heating and also to generate electricity – an environment-friendly and economic form of waste disposal.
15th EnBW's Group Bankers Day in Stuttgart
CEO Dr. Frank Mastiaux’ presentation centred on implementation of the EnBW 2020 Strategy and strategic thinking beyond 2020. Attainment of the EnBW 2020 Strategy targets continues to have top priority. For the onward development of its strategy, EnBW is evolving in parallel into a sustainable, innovative infrastructure partner.
CFO Thomas Kusterer explained the high level of financial discipline and good operating performance that led in the course of the rigorous portfolio restructuring to the financial turnaround in 2017. Management of the company is based on the integration of strategic aspects and a performance management system having due regard to sustainability issues. The integrated reporting system also incorporates ESG components, which are also important to the capital market. EnBW is thus likewise well positioned on the capital market for the implementation of its strategy going forward.
In the ensuing focal topic presentation, Stefan Kansy, Head of Portfolio Development, described the key success factors for EnBW in the offshore wind business. His presentation focused here on the Hohe See and Albatros wind farms currently under construction in the North Sea. In addition, he explained the key aspects of the zero bid for He Dreiht and the company’s selective internationalisation in Asia and North America.
14th EnBW’s Group Bankers Day in Leipzig
Following the welcome by Ingo Peter Voigt, Head of Finance, M&A and Investor Relations, and Ulf Heitmüller, CEO of VNG, EnBW´s CFO Thomas Kusterer explained the current economic situation of the EnBW Group. In particular he entered into the KFK solution (creation of a fund for the storage and disposal of nuclear waste) and the refund of the nuclear fuel tax. CEO Dr. Frank Mastiaux gave an update on the implementation of EnBW 2020 strategy as well as trends and new areas of growth beyond 2020.
The afternoon focused on VNG which is fully consolidated in the consolidated financial statements of EnBW as of 1 April 2017. At first, Ulf Heitmüller informed about the strategic focus of VNG until 2030. Ralph Bahke, Managing Director of de ONTRAS-Gastransport GmbH, presented the profile of the transmission system operator with the motto „Paving the way to a CO2-low energy future“. In the last speech the Managing Director of VNG Norge AS, Atle Sonesen, informed the audience about the E&P business area in Norway.
13th Bankers Day in Karlsruhe
This year, Ingo Peter Voigt, Head of Finance, M&A and Investor Relations, was once again able to welcome the CEO as well as the CFO of EnBW as the main speakers. Dr. Frank Mastiaux made it clear that the main focus regarding EnBW’s strategy 2020 remain unchanged concentrating on growth initiatives, the implementation of further efficiency measures and the portfolio optimization of the company. Then CFO Thomas Kusterer explained the proposal of the nuclear commission for a sustainable financing of the nuclear phase-out in Germany, subsequently describing the importance of EnBW’s Asset Liability Management in this context. In connection with the growth initiatives intelligent forms of financing and participation models remain on top of the agenda.
In the afternoon the programme included a visit at EnBW’s Innovation Campus, also in Karlsruhe. A comprehensive overview was given of the innovation management and the related processes and working culture as well as the new venture approach of EnBW.
12th EnBW Bankers Day in Berlin
The aim of the event is to strengthen long-standing relationships with our banking partners and to inform participants about current developments within the company and the energy sector.
Directly following the welcoming address by Ingo Peter Voigt, Head of Finance, M&A and Investor Relations, Dr. Frank Mastiaux, Chief Executive Officer, spoke about the current challenges faced by the company. Thomas Kusterer, Chief Financial Officer, subsequently described the current financial policy at EnBW and placed a particular emphasis on the enormous burden caused by the current rate of interest. Finally, Andreas Renner, Head of Business and Politics, spoke about the current political conditions in the energy sector.
We were able to secure Dr. Wolfgang Schäuble, Federal Finance Minister, as a guest speaker in the afternoon. Dr. Schäuble reported on current themes in fiscal policy, with a special focus on those challenges faced by the European Union and the currency union, and provided genuine insight into the political arena. The audience were then given the opportunity to receive answers to their questions first hand.