Engie S.a. · EURONEXT:ENGI
Engie — GDF Suez — Q1 2014 Earnings Presentation
9 slides from Engie's earnings presentation, Mar 31, 2014
Slide 1: Results as of March 31, 2014
RESULTS AS OF MARCH 31, 2014
Slide 2: Key messages
Key messages • All resolutions approved by Shareholders General Meeting • Multiple successes highlighting implementation of strategy – Be the benchmark energy player in fast growing markets – Be leader in the energy transition in Europe • Q1 2014 results affected by unfavorable European weather, how
Slide 3: Q1 2014 highlights: successful implementation of Group's strategy
Q1 2014 highlights: successful implementation of Group’s strategy • Major cooperation agreement with Beijing Enterprise Group to develop natural gas & energy efficiency projects in China • Approval to export granted to Cameron LNG (USA), with a first long term Be the LNG sale to Asia: 0.8mtpa 20-yea
Slide 4: Robust results despite unfavorable weather conditions
Robust results despite unfavorable weather conditions Δ organic March 31, March 31, In €bn Δ gross Δ organic w/o weather and 2014 2013(6) gas tariff impact REVENUES 22.8 24.2 -5.9% -4.8% +0.9% EBITDA 4.2 5.0 -15.6% -11.5% +0.0% COI INCLUDING SHARE IN NET INCOME 3.1 3.7 -14.8% -10.4% +5.9% OF ASSOCIA
Slide 5: Decrease in revenues mostly due to weather in France
Decrease in revenues mostly due to weather in France In €bn 24.2 (0.2) (1.4) +0.1 (0.0) +0.1 +0.1 (0.1) ENERGY ENERGY GLOBAL INFRA- ENERGY 22.6 INTERNATIONAL EUROPE GAS & LNG STRUCTURES SERVICES 22.8 Scope +0.05 FX (0.3) Revenues Revenues March 31, March 31, Weather (1.2) 2013 2014 Tariff (0.15) Δ 2
Slide 6: Without impact of weather and tariff, COI grows organically
Without impact of weather and tariff, COI grows organically Key drivers ▼ Expected scope & FX effect ▲ New assets commissioning in E&P and IPP ▼ Weather and tariff impacts in France ▲ Net contribution of Perform 2015 action plan ▼ Continued expected pressure on thermal ▲ D3/T2 available in Q1 2014 g
Slide 7: FY 2014 targets confirmed
FY 2014 targets confirmed 2014 FINANCIAL TARGETS(1) Net Recurring Income group share(2) Net Capex(3) In €bn In €bn 3.3-3.7 9-10 3.4 (gross) 7.5 (gross) 6-8 3.1(4) 3 2013 2014 2013 2014 65-75% payout ratio(5) Dividend €1 per share minimum Net debt/EBITDA ≤2.5x “A” category rating €0.5 per share inter
Slide 8: Conclusion
Conclusion • Q1 results impacted by weather however underlying performance in line with FY indications • Multiple successes highlighting implementation of strategy • 2014 targets confirmed • A significant pipeline of opportunities ahead Results as of March 31, 2014 8
Slide 9: Disclaimer
Disclaimer 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 ex