Slide 1: Financial Information as of September 30, 2018
FINANCIAL INFORMATION AS OF SEPTEMBER 30, 2018
Slide 2: Key Messages
HIGHLIGHTS KEY MESSAGES SOLID ORGANIC GROWTH DRIVEN BY RENEWABLES AND NETWORKS NUCLEAR HEADWIND LARGELY OFFSET BY ENERGY MANAGEMENT SOUND OPERATING CASH GENERATION AND SOLID FINANCIAL STRUCTURE FY 2018 GUIDANCE CONFIRMED AT LOW END OF THE RANGE FOR NRIgs(1) (1) Based on the assumption of a restart o
Slide 3: Solid Results, EBITDA Up 5% Organically
SOLID RESULTS, EBITDA UP 5% ORGANICALLY In €bn ∆ ∆ Actual Gross Organic 9M RESULTS EBITDA 6.5 -0.3% +5.0% COI(1) 3.5 +0.0% +7.7% NET DEBT 20.6 -1.9bn vs year-end 2017 CFFO(2) 4.7 -0.6 GROSS CAPEX(3) 5.7 -0.2 (1) Including share in net income of associates (2) Cash Flow From Operations = Free Cash Fl
Slide 4: 9M 2018 Key Operational Developments
9M 2018 KEY OPERATIONAL DEVELOPMENTS CLIENT GENERATION – RES & GENERATION – SOLUTIONS NETWORKS THERMAL CONTRACTED MERCHANT B2C France Renewables Nuclear Free Market contracts 2 million smart in France: 0.8 GW 52% of technical meters installed capacity added year to date 7.4m +10% yoy availability in
Slide 5: Successful Repositioning on Core Strengths
SUCCESSFUL REPOSITIONNING ON CORE STRENGTHS CLIENT GENERATION – RES & GENERATION – SOLUTIONS NETWORKS THERMAL CONTRACTED MERCHANT B2C France Renewables Merchant generation B2C customer worldwide ~ 20 GW hydro(1) ~ -17 GW sold or closed €27.3 bn of RAB vs 24.1m contracts €23.3bn end 2015 (+18%) > 7 G
Slide 6: 2018 Trough for Nuclear, Strong Performance in Rest of Business
2018 TROUGH FOR NUCLEAR STRONG PERFORMANCE IN REST OF BUSINESS EBITDA In €bn, unaudited figures ~ 9.8(2) 9.3 9.2 9.2 ~ 9.8 9.7 5.8 0.2 0.1 ~ -0.6(2) FY 2016(1) FY 2017(1) FY 2018 estimate(2) ENGIE excl. Nuclear Nuclear activities (1) FY 2017 publication (excl. IFRS 9&15 treatment and IFRS 5 treatmen
Slide 7: Belgian Nuclear: New Measures Taken
BELGIAN NUCLEAR: NEW MEASURES TAKEN PROJECT MANAGEMENT AND ENGINEERING REINFORCED FULL REVIEW OF NUCLEAR OPERATIONS IN BELGIUM SPECIAL MEASURES TO INCREASE GENERATION CAPACITY FINANCIAL INFORMATION AS OF SEPTEMBER 30, 2018 7
Slide 8: Solid Organic EBITDA Growth
SOLID ORGANIC EBITDA GROWTH In €bn +5% 6.5 (0.3) 6.2 (0.3) +0.3 +0.2 +0.2 -0.1 6.5 FX & Scope Volume(1) Lean(1) Other(1) Nuclear Price(1) FX: (0.2) Vol: (0.3) Scope: (0.1) Price: (0.1) EBITDA EBITDA EBITDA Other: +0.1 EBITDA 9M 2017 9M 2018 9M 2017 9M 2017 Restated EBITDA 2017 FX - Scope Point de pa
Slide 9: Client Solutions Growth Picking Up, Networks & Generation Performing Well
CLIENT SOLUTIONS GROWTH PICKING UP NETWORKS & GENERATION PERFORMING WELL EBITDA(1) In €bn, unaudited figures FY 2018 YoY Outlook Contribution from tuck-in +1% acquisitions 1.4 -7% +4% France B2C gas margins Client solutions B2C B2B & B2T (cost increase not yet passed through) Storage regulatio
Slide 10: Solid Financial Structure
SOLID FINANCIAL STRUCTURE In €bn FURTHER DECREASE IN NET DEBT AND COST OF GROSS DEBT 22.5 (4.7) 5.7 (4.2) 1.5 (0.2) 20.6 Gross Others CFFO Disposals(1) Dividends Capex (incl. hybrids) Net Net Debt Debt 12.17 09.18 Cost of gross debt 2.63% 2.53% IMPROVING LEVERAGE RATIOS 4.0 3.8(3) 3.8(3) 2.4(2) 2.3(
Slide 11: Conclusion
CONCLUSION KEY TAKE-AWAYS 9M 2018 highlighting solid organic performance FY 2018 guidance confirmed, at low end of the range for NRIgs(1) (1) Based on the assumption of a restart of nuclear units in line with current information available on REMIT, at average climate conditions and with an estimated
Slide 12: Additional Material
ER CNGIC ADDITIONAL MATERIAL
Slide 13: Outright Power Generation in Europe: Nuclear & Hydro
OUTRIGHT POWER GENERATION IN EUROPE NUCLEAR & HYDRO In €/MWh and % OUTRIGHT HEDGES: PRICES & VOLUMES 100% 81% 50% 19% 33 44 41 37 89% 2018 2019 2020 2021 As of 09/30/18 Belgium, France Achieved prices MtM(1) (1) Correspond to hedged prices for hedged positions and Mark to Market for open positions a
Slide 14: Nuclear Units in Belgium: Update on Availability
NUCLEAR UNITS IN BELGIUM: UPDATE ON AVAILABILITY CURRENT FORECAST TECHNICAL DESCRIPTION FOR TECHNICAL AVAILABILITY 23/04 01/10 10/12 2019 Doel 1 • Maintenance work linked to 10-year lifetime extension • Replacement of spare pipes of the back-up cooling 22/05 08/10 31/12 Doel 2 water system 13/10 18/
Slide 15: CFFO: Normalization of Change in WCR
CFFO: NORMALIZATION OF CHANGE IN WCR In €bn 5.3 0.4 (1.0) 0.1 (0.1) 4.7 Operating Cash Delta Taxes Interests Flow WCR paid paid & 1.5 others CFFO CFFO 9M 9M 2017 2018 FINANCIAL INFORMATION AS OF SEPTEMBER 30, 2018 15
Slide 16: €4.0bn Growth Capex on Core Strengths
€4.0 BN GROWTH CAPEX ON CORE STRENGTHS BREAKDOWN BY NATURE GROWTH CAPEX BY METIERS In €bn Generation – 5% Merchant Generation – RES 5.9 26% & thermal contracted 5.7 Client 52% Solutions Development 2.0 €4.0bn(1) 2.5 o/w 40% Renewables Networks 15% Financial 2.4 MAIN PROJECTS In €bn 1.6 Brazil - Rene
Slide 17: 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
Slide 18: For More Information About ENGIE
FOR MORE INFORMATION ABOUT ENGIE Ticker: ENGI +33 1 44 22 66 29 ir@engie.com http://www.engie.com/en/investors-area/ Download the new ENGIE Investor relations app! FOR MORE INFORMATION ABOUT Q1 2018 RESULTS: http://www.engie.com/en/investors/results/results-2018/ FINANCIAL INFORMATION AS OF SEPTEMBE