ENGIE H1 2022 Financial Results

Continued performance in unprecedented market conditions

Business highlights

Financial performance

ENGIE playing an active role to ensure energy security of supply and support customers with energy affordability
Exposure to Russian gas substantially reduced
Continued momentum on execution of strategic plan towards simplification and growth
Further growth in Renewables with 2.2 GW added reaching over 36 GW worldwide
Sale of EQUANS on track for completion in H2 2022
Discussions started with the Belgian State under clear risk-reward framework to assess the potential feasibility and terms for life extension of 2 nuclear reactors

EBIT up 73% organically, with growth across most activities
Improved Cash Flow From Operations¹, supported by higher operating cash flow, positive margin calls effect, €0.7bn monetization of French gas tariff shield
Contribution to profit sharing mechanisms for Belgian Nuclear and French hydro of €467m
Strong balance sheet and liquidity framework maintained, net financial debt at €26.3bn, up €1.0bn
Performance benefiting from strength of integrated business model, FY 2022 NRIgs² guidance³ unchanged in the range of €3.8-4.4bn

1 Cash Flow From Operations: Free Cash Flow before maintenance Capex and nuclear phase-out expenses

2 Net recurring income Group share

3 Key assumptions and indications for the FY 2022 guidance are provided in appendix 4

Media kit

29 July 2022

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