Slide 1: Financial information as of March 31, 2020
Financial information as of March 31, 2020 May 12th 2020
Slide 2: Key priorities in the Covid crisis; Strategic priorities in 2020
Key priorities in the Covid crisis Strategic priorities in 2020 ⚫ Employee and contractor health and safety ⚫ Geographic selectivity : exit from >25 countries ⚫ Business continuity and customer support ⚫ Greater selectivity for Client Solutions ⚫ Financial mitigation and protection of liquidity ⚫ Co
Slide 3: Resilient results despite first effects of Covid-19 pandemic
RESILIENT RESULTS DESPITE FIRST EFFECTS OF COVID-19 PANDEMIC DIFFERENTIATED COVID-19 IMPACT MAGNITUDES ACROSS BUSINESS LINES MITIGATING ACTIONS IN PROGRESS PREPARING FOR REBOUND: CRISIS WILL ACCELERATE STRATEGY OF GREATER SELECTIVITY 3 May 12th 2020
Slide 4: Q1 Results
Q1 RESULTS– In €bn, ∆ ∆ Organic growth excluding unaudited figures(1) Actual Gross(2) Organic(2) temperature EBITDA 3.1 -2% +1% +4% COI 1.9 -7% -2% +2% FINANCIAL NET DEBT 27.9 +2.0(3) - CFFO(4) 0.2 +0.1 - COI YoY gross evolution - by reportable segment FRANCE INFRASTRUCTURES FRANCE EXCL. INFRA
Slide 5: COI Q1 2019 to Q1 2020 bridge
In €Mn -41M€ organic 2,041 -93 of which -82 M€ temperature in France -97 +72 1,907 +87 -52 Scope -66 -46 +47 -51 FX -27 Client Networks Renewables Thermal Nuclear Supply GEM, Solutions Corporate COI Q1 & other COI Q1 2019 2020 5 May 12th 2020
Slide 6: Organic change and key drivers by business line
Y/Y In €Mn ORGANIC CHANGE KEY DRIVERS Lockdown measures started to have a significant impact on asset light activities and Suez CLIENT -97 Implementation costs and ramp-up in growth drivers, negative climate effects SOLUTIONS Further increase in backlog Gas distribution: lower distributed vo
Slide 7: Covid-19 impacts vary by business model
INITIAL RELATIVE LOCKDOWN IMPACT POST LOCKDOWN DRIVERS IMPACT ⚫ Covid-19 impacts vary by business model ⚫ Duration of site closures and lifting of restrictions ⚫ Reduced activity in Projects (-c.75%) and Recurring CLIENT ⚫ Governmental support on temporary unemployment Services (-c.60%) during conta
Slide 8: Immediate response and forward impact mitigation
Immediate response Forward impact mitigation ⚫ Enable employees to return to work and serve our customers, ⚫ Robust actions taken to protect employees and ensure while respecting all safety measures resilience in the delivery of essential services ⚫ Strict operational expenditure management on fixed
Slide 9: Greater geographic selectivity
⚫ Scrutiny of market-level profit pools and return expectations to drive greater geographic selectivity, differentiated by business segment ⚫ Strategic emphasis favoring markets with significant existing or potential scale and attractive growth profiles ⚫ Stepped-up market rationalization target: am
Slide 10: Net financial debt and strong liquidity
Net financial debt and cost of gross debt Strong liquidity In €bn 2.3 0.2 0.1 (0.4) 27.9 25.9 (0.2) ⚫ Recent successful bond issuance CFFO Gross Scope(2) Dividends Others of €2.5bn Dec. Capex(1) March 2019 2020 ⚫ €19.2bn of liquidity at March 31, 2020 Cost of 2.70% 2.80% gross debt Leverage ratios R
Slide 11: Resilient Q1 2020 results despite Covid-19 pandemic
RESILIENT Q1 2020 RESULTS DESPITE FIRST EFFECTS OF COVID-19 PANDEMIC COVID-19 BACKDROP PROVIDING UNEVEN IMPACT ACROSS BUSINESS LINES; ACTION PLANS AND EVALUATIONS OF RECOVERY SCENARIOS ARE ONGOING ENTIRE GROUP ENGAGED TO LIMIT NEGATIVE IMPACTS; MANAGEMENT PREPARING FOR THE REBOUND STRATEGY ACCELERAT
Slide 12: Q&A
Q&A 12 May 12th 2020
Slide 13: Additional material
Additional material 13 May 12th 2020
Slide 14: Cash flow from operations drivers
Lower taxes and interest paid, and commodity related margin calls and financial derivatives drive increase In €bn +0.07 0.19 +0.08 Taxes & incl.Margin Interest paid Calls 0.06 -0.02 & financial derivatives Operating Delta Cash Flow WCR CFFO CFFO Q1 2019 Q1 2020 14 May 12th 2020
Slide 15: Integrated report and green bond framework
2020 integrated report, 2020 published in April sustainability with a dedicated climate leaflet book for investors New green bond framework Endorsement for the latest issuance of Bteam principles of €1.5 bn for Group tax policy 15 May 12th 2020
Slide 16: New rating from Ecovadis
A 82 A- ENGIE 75 B 73 A 75 Sector average 66 55 BBB 48 2019 2019 2019 2019 Climat 2019 Water 2019 New rating from Ecovadis, up 7 points in April 2020 (1) Sector CDP (EDF, EON, RWE, ENEL, IBERDROLA, ENGIE) 16 May 12th 2020
Slide 17: Nuclear & Hydro hedging policy
Nuclear & Hydro €/MWh 3-year rolling hedging policy 100% 87% 60% 30% 9% 47 46 47 42 36 2019 2020 2021 2022 2023 As of 3/31/20 Belgium and France (+ Germany until April 2019) 17 May 12th 2020
Slide 18: Forward-Looking statements
Forward-Looking statements This communication contains forward-looking information and statements. These statements include financial projections, synergies, cost-savings and estimates, statements regarding plans, objectives, savings, expectations and benefits from the transactions and expectations
Slide 19: Ticker: ENGI
Ticker: ENGI +33 1 44 22 66 29 ir@engie.com https://www.engie.com/en/finance-area FOR MORE INFORMATION ABOUT Q1 2020 RESULTS: https://www.engie.com/en/finance/results/2020 19 May 12th 2020