Global University Venturing Summit

1. Global University Venturing Summit Open innovation, Corporations and Universities – are we speaking the same language ?

2. Everybody speaks about innovation… • …the process of translating an idea or invention into a good or service that creates value for which customers will pay. • Innovations are divided into two broad categories: • Evolutionary innovations that are brought about by many incremental advances in technology or processes • Revolutionary innovations also called discontinuous innovations which are often disruptive and new Source: www.businessdictionary.com

3. -65% European utility business model under continuous threat ESTX – European utility index Source: www.comdirect.de/inf/indizes

4. European energy transformation offers many opportunities

5. Traditional R&D for evolutionary innovations Upstream Power generation Transport/storage Application Gas/oil • Reservoir characterisation • Sedimentation and maturity history • Gas hydrates • CCS/CCU* • Lignite drying • High temperature materials • Coal quality Coal-based Electricity grids • Smart grids • High Voltage DC • Superconductivity • Smart metering • Smart home Residential households Renewable Electricity storage Transport Mining • Automation of large-scale equipment • Diagnosis conveyor-belt systems • Groundwater modelling • Wind offshore • Biogas production • Marine energy • Compressed-air storage • Distributed storage via batteries of electric cars • E-mobility • Comparison H2 vs.electric drive Nuclear Gas grids/reservoirs Industry/commerce • Safety • Securing of know-how • Dismantling • Pipeline integrity monitoring • Distributed electricity and heat supplies • Gas sensors Overarching technology and systems analysis * CCS/CCU: Carbon Capture and Storage/Usage;

6. RWE R&D isbuildingfirstof all on specificprojectsas a contentdrivenstructure Content driven R&D projects Strategic Partners: Cooperation with a University on multiple topics with multiple faculties "Special Partners„ Kooperationsvertrag "Strategic Partners" Special Partners: Cooperation with one specific faculty of a university with multiple projects R&D Projects One off specific topic with a specific faculty of a university Over 200 projects RWE is working with over 100 different universities and research institutes

7. Identifying the disruptor is the ultimate target for RWE’s corporate venturing approach Sustaining existing business Yes No Incumbent Autonomous Yes No Yes No New Productivity Frontier Fail Succeed Fail Yes No Strategic Differentiator Enabling Technology Yes No Disruptor Strategic Innovator Source: “The Innovator’s Manifesto”, M.E.Raynor

8. Customer RWE‘s open innovation universe opportunities options Portfolio • High growth • Technology leader • Disruptive • Make or buy • Failure acceptance • Return opportunity • Test lab for innovation • Capital efficiency & leverage • Entrepreneurial • Business models • Market drive Engine • Strong deal flow • Fast & Rigorous • Accountable Community • Entrepreneurs • Co-Investors • Top ranked IVC Team Partner

9. European, renewable, diversified portfolio Portfolio diversifiedacross technology sectors Strict European focus Enabling RenewableEnergy Efficiency Renewable Generation E-Mobility Smart Grids