Energie Baden-Wuerttenberg AG (EnBW), E.ON AG, RWE AG and Vattenfall

TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Market volume 2
Market volume forecast 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market volume 9
Market Segmentation 10
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Market volume forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
Energie Baden-Wuerttenberg AG (EnBW) 19
E.ON AG 24
RWE AG 29
Vattenfall 34
Macroeconomic Indicators 38
Country Data 38
Appendix 40
Methodology 40
Industry associations 41
Related research 41

LIST OF TABLES
Table 1: Germany power generation industry value: $ billion, 2008–12(e) 8
Table 2: Germany power generation industry volume: TWh, 2008–12(e) 9
Table 3: Germany power generation industry geography segmentation: $ billion, 2012(e) 10
Table 4: Germany power generation industry value forecast: $ billion, 2012–17 11
Table 5: Germany power generation industry volume forecast: TWh, 2012–17 12
Table 6: Energie Baden-Wuerttenberg AG (EnBW): key facts 19
Table 7: Energie Baden-Wuerttenberg AG (EnBW): key financials ($) 21
Table 8: Energie Baden-Wuerttenberg AG (EnBW): key financials (€) 21
Table 9: Energie Baden-Wuerttenberg AG (EnBW): key financial ratios 22
Table 10: E.ON AG: key facts 24
Table 11: E.ON AG: key financials ($) 26
Table 12: E.ON AG: key financials (€) 26
Table 13: E.ON AG: key financial ratios 27
Table 14: RWE AG: key facts 29
Table 15: RWE AG: key financials ($) 31
Table 16: RWE AG: key financials (€) 31
Table 17: RWE AG: key financial ratios 32
Table 18: Vattenfall: key facts 34
Table 19: Vattenfall: key financials ($) 35
Table 20: Vattenfall: key financials (SEK) 36
Table 21: Vattenfall: key financial ratios 36
Table 22: Germany size of population (million), 2008–12 38
Table 23: Germany gdp (constant 2000 prices, $ billion), 2008–12 38
Table 24: Germany gdp (current prices, $ billion), 2008–12 38
Table 25: Germany inflation, 2008–12 39
Table 26: Germany consumer price index (absolute), 2008–12 39
Table 27: Germany exchange rate, 2008–12 39

LIST OF FIGURES
Figure 1: Germany power generation industry value: $ billion, 2008–12(e) 8
Figure 2: Germany power generation industry volume: TWh, 2008–12(e) 9
Figure 3: Germany power generation industry geography segmentation: % share, by value, 2012(e) 10
Figure 4: Germany power generation industry value forecast: $ billion, 2012–17 11
Figure 5: Germany power generation industry volume forecast: TWh, 2012–17 12
Figure 6: Forces driving competition in the power generation industry in Germany, 2012 13
Figure 7: Drivers of buyer power in the power generation industry in Germany, 2012 14
Figure 8: Drivers of supplier power in the power generation industry in Germany, 2012 15
Figure 9: Factors influencing the likelihood of new entrants in the power generation industry in Germany, 2012 16
Figure 10: Factors influencing the threat of substitutes in the power generation industry in Germany, 2012 17
Figure 11: Drivers of degree of rivalry in the power generation industry in Germany, 2012 18
Figure 12: Energie Baden-Wuerttenberg AG (EnBW): revenues & profitability 22
Figure 13: Energie Baden-Wuerttenberg AG (EnBW): assets & liabilities 23
Figure 14: E.ON AG: revenues & profitability 27
Figure 15: E.ON AG: assets & liabilities 28
Figure 16: RWE AG: revenues & profitability 32
Figure 17: RWE AG: assets & liabilities 33
Figure 18: Vattenfall: revenues & profitability 36
Figure 19: Vattenfall: assets & liabilities 37