2021
17th EnBW’s Group Bankers Day
The 17th EnBW Group Bankers’ Day was held on 10 June 2021. Numerous representatives from EnBW’s core banks took part in the online event, which was presented by Ingo Voigt, Head of Finance, M&A and Investor Relations.
The Banker’s Day was livestreamed from the EnBW studio in Stuttgart. Attendees were able to ask questions live using online chat at all times during the event. A network carousel feature provided the opportunity for personal discussions in a virtual space.
Thomas Kusterer, Member of the EnBW AG Board of Management and Chief Financial Officer: Sustainable and controlled growth: the EnBW 2025 Strategy
EnBW’s strategy is centred on climate neutrality. By 2025, the company already plans to cut CO₂ emissions by 15-30% relative to 2018 (basis year 2018: 553 g/kWh). Also by 2025, renewable energy sources are to account for at least 50% of installed generation capacity. By 2035, EnBW then aims to reduce CO₂ emissions to net zero, meaning climate neutrality for the company’s own emissions (Scope 1 and 2).
As part of the EnBW 2025 Strategy, EnBW targets growth in three infrastructure segments.The central target under the strategy is an increase in adjusted EBITDA to €3.2 billion.
The main driver in the Sustainable Generation Infrastructure segment will be renewables – primarily offshore wind power with a 2.4 GW confirmed pipeline, onshore wind power with 2.2 GW in the confirmed pipeline or already under construction and solar energy with 800 MW in the confirmed pipeline or under construction.
In System Critical Infrastructure, planned investment totalling some €6 billion will go into the electricity distribution grid and above all the transmission grid project SuedLink to carry wind energy from north to south Germany.
In the electric mobility, EnBW is already the German market leader for fast charging stations. More than 1,000 locations are planned by the end of 2021.
Not all of the growth investment can be met out of the Group’s internal financing capability. For this reason, EnBW manages its financial profile from 2021 onwards using the debt repayment potential, which is retained cash flow (RCF) in relation to net debt. A target level of 12% is intended to enable growth options to be taken up while continuing to safeguard the Group’s credit standing. The target is reviewed on a regular basis to ensure that a solid investment grade ratings are maintained.
Future growth is based on environmental, social and governance (ESG) dimensions. Investment decisions and business activities are consistently measured against sustainability criteria. This is reflected in a total of €2 billion in green bond issues and EnBW’s syndicated credit line with a sustainability link since 2020,
Colette Rückert-Hennen, Member of the EnBW AG Board of Management and Chief Human Resources Officer: Teamwork for sustainable performance: EnBW’s HR Strategy 2.0
Implementing the EnBW 2025 Strategy places new demands on HR support. Organisational structures are being made more agile and processes are increasingly being digitalised. New skills are called for, as is a new understanding of leadership. Talent is in short supply. EnBW therefore applies a future-oriented, systematic and strategic approach when planning and implementing HR measures. The focus is on the strategic and organisational goals, always with a view to EnBW’s corporate social responsibility.
The aim is to create an environment and a corporate culture that is in line with the corporate strategy and enables long-term and future-oriented employee recruitment, retention and development. The HR strategy derived from the EnBW 2025 Strategy reflects the sustainability criteria in six focal areas (HR processes, services and digitalisation; leadership and skills; people-centric transformation; diversity at EnBW; professional development at EnBW; and employer brand and recruitment). This choice of focal areas has proven advantageous during the pandemic.
EnBW is developing a sustainable workforce structure with the aid of strategic HR planning. By 2025, for example, 15-25% of tasks will be substitutable. EnBW employees therefore have to be readied for new requirements and roles. Apprentice and student training programs also directly support the 2025 Strategy, for example by providing course formats and entering into collaborations for the training and recruitment of IT talent, which is in short supply. The employer brand is particularly important in this connection. The ‘E’ stands both for the company’s energy activities and the human energy of the entire EnBW team.
Timo Sillober, Head of Sales, Marketing & Operations: Sustainability on the go: EnBW’s electric mobility activities
Many electric vehicle (EV) users in Germany today have a car with a range of about 420 km and travel about 37 km a day. According to a recent KfW study, about a quarter of these users do not have off-street parking suitable for a charging point. But they somehow have to fit charging their vehicle into their everyday routine, such as when shopping or during meals. Retail chains provide ideal locations for this purpose. Retail hubs feature fast charging and a small space footprint and have between 2 and 12 charging points.
In large cities with over 100,000 inhabitants, urban hubs need 8 to 12 charging points for fast to very fast charging. EnBW has delivered Germany’s first urban fast charging station in Stuttgart, with 12 high-power charging points. In a project for urban fast charging stations across the state, the Baden-Württemberg state government is providing funding for a total of 16 pilot locations in 15 towns and cities.
The next step for EnBW is a series of ‘hyper hubs’ with 12 to 20 ultra-fast charging points along the German autobahn and trunk road network. Two such hubs are to go on stream before the end of this year.
The EnBW mobility+ app now gives access to the EnBW HyperNetz charging network in Germany, Austria and Switzerland. It can also be used to charge and pay in Italy, France and the Netherlands. App users have a choice of over 150,000 charging points.
2019
16th EnBW’s Group Bankers Day in Stuttgart-Münster
The 16th EnBW Group Bankers’ Day was held on 5 June 2019 at the EnBW municipal solid waste cogeneration plant in Stuttgart-Münster. Ingo Peter Voigt, Head of Finance, M&A and Investor Relations, welcomed representatives from EnBW’s core banks.
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
The EnBW Group Bankers’ Day was held for the fifteenth time on 21 June 2018. This year’s event was held at EnBW City in Stuttgart. As in previous years, Ingo Peter Voigt, Head of Finance, M&A and Investor Relations, was able to welcome numerous representatives from EnBW’s core banks.
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
The EnBW Bankers’ Day was held for the 14th time on 28 June 2017. The event took place at the headquarters of VNG Verbundnetz Gas AG in Leipzig. This year again EnBW welcomed numerous representatives from its core banks to inform them about current developments within the company and the energy sector.
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
The EnBW Bankers’ Day was held for the 13th time on 22 June 2016. The event took place at EnBW’s headquarters in Karlsruhe. This year EnBW welcomed more than 50 representatives from its core banks to inform them about current developments within the company and the energy sector.
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 EnBW Bankers’ Day was held for the twelfth time on 20 May 2015. EnBW welcomed around 60 representatives from our core banks and the Federal Finance Minister Dr. Wolfgang Schäuble to the event held at the ENBW representative office 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.
17th EnBW’s Group Bankers Day
The 17th EnBW Group Bankers’ Day was held on 10 June 2021. Numerous representatives from EnBW’s core banks took part in the online event, which was presented by Ingo Voigt, Head of Finance, M&A and Investor Relations.
The Banker’s Day was livestreamed from the EnBW studio in Stuttgart. Attendees were able to ask questions live using online chat at all times during the event. A network carousel feature provided the opportunity for personal discussions in a virtual space.
Thomas Kusterer, Member of the EnBW AG Board of Management and Chief Financial Officer: Sustainable and controlled growth: the EnBW 2025 Strategy
EnBW’s strategy is centred on climate neutrality. By 2025, the company already plans to cut CO₂ emissions by 15-30% relative to 2018 (basis year 2018: 553 g/kWh). Also by 2025, renewable energy sources are to account for at least 50% of installed generation capacity. By 2035, EnBW then aims to reduce CO₂ emissions to net zero, meaning climate neutrality for the company’s own emissions (Scope 1 and 2).
As part of the EnBW 2025 Strategy, EnBW targets growth in three infrastructure segments.The central target under the strategy is an increase in adjusted EBITDA to €3.2 billion.
The main driver in the Sustainable Generation Infrastructure segment will be renewables – primarily offshore wind power with a 2.4 GW confirmed pipeline, onshore wind power with 2.2 GW in the confirmed pipeline or already under construction and solar energy with 800 MW in the confirmed pipeline or under construction.
In System Critical Infrastructure, planned investment totalling some €6 billion will go into the electricity distribution grid and above all the transmission grid project SuedLink to carry wind energy from north to south Germany.
In the electric mobility, EnBW is already the German market leader for fast charging stations. More than 1,000 locations are planned by the end of 2021.
Not all of the growth investment can be met out of the Group’s internal financing capability. For this reason, EnBW manages its financial profile from 2021 onwards using the debt repayment potential, which is retained cash flow (RCF) in relation to net debt. A target level of 12% is intended to enable growth options to be taken up while continuing to safeguard the Group’s credit standing. The target is reviewed on a regular basis to ensure that a solid investment grade ratings are maintained.
Future growth is based on environmental, social and governance (ESG) dimensions. Investment decisions and business activities are consistently measured against sustainability criteria. This is reflected in a total of €2 billion in green bond issues and EnBW’s syndicated credit line with a sustainability link since 2020,
Colette Rückert-Hennen, Member of the EnBW AG Board of Management and Chief Human Resources Officer: Teamwork for sustainable performance: EnBW’s HR Strategy 2.0
Implementing the EnBW 2025 Strategy places new demands on HR support. Organisational structures are being made more agile and processes are increasingly being digitalised. New skills are called for, as is a new understanding of leadership. Talent is in short supply. EnBW therefore applies a future-oriented, systematic and strategic approach when planning and implementing HR measures. The focus is on the strategic and organisational goals, always with a view to EnBW’s corporate social responsibility.
The aim is to create an environment and a corporate culture that is in line with the corporate strategy and enables long-term and future-oriented employee recruitment, retention and development. The HR strategy derived from the EnBW 2025 Strategy reflects the sustainability criteria in six focal areas (HR processes, services and digitalisation; leadership and skills; people-centric transformation; diversity at EnBW; professional development at EnBW; and employer brand and recruitment). This choice of focal areas has proven advantageous during the pandemic.
EnBW is developing a sustainable workforce structure with the aid of strategic HR planning. By 2025, for example, 15-25% of tasks will be substitutable. EnBW employees therefore have to be readied for new requirements and roles. Apprentice and student training programs also directly support the 2025 Strategy, for example by providing course formats and entering into collaborations for the training and recruitment of IT talent, which is in short supply. The employer brand is particularly important in this connection. The ‘E’ stands both for the company’s energy activities and the human energy of the entire EnBW team.
Timo Sillober, Head of Sales, Marketing & Operations: Sustainability on the go: EnBW’s electric mobility activities
Many electric vehicle (EV) users in Germany today have a car with a range of about 420 km and travel about 37 km a day. According to a recent KfW study, about a quarter of these users do not have off-street parking suitable for a charging point. But they somehow have to fit charging their vehicle into their everyday routine, such as when shopping or during meals. Retail chains provide ideal locations for this purpose. Retail hubs feature fast charging and a small space footprint and have between 2 and 12 charging points.
In large cities with over 100,000 inhabitants, urban hubs need 8 to 12 charging points for fast to very fast charging. EnBW has delivered Germany’s first urban fast charging station in Stuttgart, with 12 high-power charging points. In a project for urban fast charging stations across the state, the Baden-Württemberg state government is providing funding for a total of 16 pilot locations in 15 towns and cities.
The next step for EnBW is a series of ‘hyper hubs’ with 12 to 20 ultra-fast charging points along the German autobahn and trunk road network. Two such hubs are to go on stream before the end of this year.
The EnBW mobility+ app now gives access to the EnBW HyperNetz charging network in Germany, Austria and Switzerland. It can also be used to charge and pay in Italy, France and the Netherlands. App users have a choice of over 150,000 charging points.
16th EnBW’s Group Bankers Day in Stuttgart-Münster
The 16th EnBW Group Bankers’ Day was held on 5 June 2019 at the EnBW municipal solid waste cogeneration plant in Stuttgart-Münster. Ingo Peter Voigt, Head of Finance, M&A and Investor Relations, welcomed representatives from EnBW’s core banks.
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
The EnBW Group Bankers’ Day was held for the fifteenth time on 21 June 2018. This year’s event was held at EnBW City in Stuttgart. As in previous years, Ingo Peter Voigt, Head of Finance, M&A and Investor Relations, was able to welcome numerous representatives from EnBW’s core banks.
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
The EnBW Bankers’ Day was held for the 14th time on 28 June 2017. The event took place at the headquarters of VNG Verbundnetz Gas AG in Leipzig. This year again EnBW welcomed numerous representatives from its core banks to inform them about current developments within the company and the energy sector.
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
The EnBW Bankers’ Day was held for the 13th time on 22 June 2016. The event took place at EnBW’s headquarters in Karlsruhe. This year EnBW welcomed more than 50 representatives from its core banks to inform them about current developments within the company and the energy sector.
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 EnBW Bankers’ Day was held for the twelfth time on 20 May 2015. EnBW welcomed around 60 representatives from our core banks and the Federal Finance Minister Dr. Wolfgang Schäuble to the event held at the ENBW representative office 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.