2011 Annual Report - OTCIQ.com

Dividend
At the 2012 Annual Shareholders Meeting, management will
propose a cash dividend of €1 per share for the 2011 financial
year (prior year: €1.50). The payout ratio (as a percentage of
underlying net income) would be 76 percent compared with
a ratio of 59 percent in the prior year. Based on E.ON stock’s
year-end 2011 closing price, the dividend yield is 6 percent. E.ON
plans to pay out a per-share dividend of €1.10 for the 2012
financial year and at least €1.10 for the 2013 financial year.
Shareholder Structure
Our most recent survey shows that we have roughly 79 percent
institutional investors and 21 percent retail investors.
Investors in Germany hold about 35 percent of our stock, those
outside Germany the remaining about 65 percent .
Shareholder Structure by Group 1
Retail
investors 21%
Institutional
investors 79%
1 Percentages based on total investors identified.
Sources: Share register (as of January 31, 2012),
Thomson Reuters (as of December 31, 2011).
Shareholder Structure by Country/Region 1
Rest of world
Switzerland
4%
5%
France 10%
U.K. 13%
Rest of Europe 14%
USA and Canada 19%
1 Percentages based on total investors identified.
Sources: Share register (as of January 31, 2012),
Thomson Reuters (as of December 31, 2011).
35% Germany
1.50
1.00
0.50
1.12
47
Investor Relations
1.37
51
CEO Letter
E.ON Stock
Combined Group Management Management Report
Consolidated Financial Financial Statements
Corporate Governance Report
Supervisory Board and Board of Management
Tables and Explanations
Dividend per Share
€ per share Dividend Payout ratio1 (%)
Our investor relations (“IR”) are founded on four principles:
openness, continuity, credibility, and equal treatment of all
investors. Each year we work hard to be even better in each
of these areas. Our mission is to provide prompt, transparent
information at our periodic road shows, at conferences,
at eon.com, and when we meet personally with investors.
The 2011 financial year was characterized by challenges
resulting from the transformation of Germany’s energy system.
On the release of our half-year results in August, we therefore
adjusted our financial targets for 2011 and 2013 to reflect
our altered business environment. Despite the adjustments
to key metrics (EBITDA, underlying net income, and dividend),
we will continue on the strategic course we have set. Furthermore,
to underscore the importance of our IR principles, we
also issued, for the first time, a longer-term forecast. The
disclosure of our targets for 2015 is designed to provide investors
with even more transparency. Alongside the sale of noncore
assets and the focus on growth businesses, we have
launched a significant cost-cutting program that will permanently
reduce our controllable costs to €9.5 billion by 2015.
Despite our difficult business environment, we continued to
seek opportunities for intensive, personal dialog with our
analysts and investors. Continually communicating with our
investors and strengthening our relationships with them are
essential for good IR.
Want to find out more?
eon.com/investors
You can contact us at:
investorrelations@eon.com
1.50
51
1.50
54
1.50
59
1.00
2006 2007 2008 2009 2010 2011
1Payout ratio not adjusted for discontinued operations.
76
5