Slide 1: 9M 2024 Financial Information
9M 2024 FINANCIAL INFORMATION 7 NOVEMBER 2024
Slide 2: Catherine Macgregor, CEO
9M 2024 FINANCIAL INFORMATION CATHERINE MACGREGOR CEO 2 ENGIE NOVEMBER 2024
Slide 3: 9M 2024 Highlights
9M 2024 FINANCIAL INFORMATION 9M 2024 HIGHLIGHTS Excellent execution Strong 9M 24 results, Expansion in power in renewables guidance confirmed networks in Brazil and BESS 3 ENGIE NOVEMBER 2024
Slide 4: Strong 9M 2024 Results, 2024 Guidance Confirmed
9M 2024 FINANCIAL INFORMATION STRONG 9M 2024 RESULTS, 2024 GUIDANCE CONFIRMED EBIT ex. Nuclear CFF0 1 2024 guidance €7.1bn €11.8bn confirmed vs. €8.0bn in 9M 2023 vs. €13.0bn in 9M 2023 NRIgs Economic net debt Economic net debt expected in the upper end / EBITDA of the range of €45.5bn 3.0x €5.0 to
Slide 5: Excellent Execution in Renewables
9M 2024 FINANCIAL INFORMATION EXCELLENT EXECUTION IN RENEWABLES Fully confident of 4 GW additional capacity in 2024 Strong momentum in PPAs 43.7 GW 7.2 GW total capacity of which 2.3 GW under construction 2.6 GW added in 9M 24 signed in 9M 2024 67 projects of which 1.5 GW with duration above 5 years
Slide 6: Further Expansion in Power Networks
9M 2024 FINANCIAL INFORMATION FURTHER EXPANSION IN POWER NETWORKS ENGIE wins a new concession to build and operate around 1,000 km of transmission lines in Brazil • An important step in ENGIE’s +1,000 km strategy to rebalance of its transmission lines regulated positions from gas to electricity 2 ne
Slide 7: Pierre-François Riolacci
9M 2024 FINANCIAL INFORMATION PIERRE-FRANÇOIS RIOLACCI EVP in charge of Finance, ESG and Procurement 7 ENGIE NOVEMBER 2024
Slide 8: Financial Performance Highlights
9M 2024 FINANCIAL INFORMATION FINANCIAL PERFORMANCE HIGHLIGHTS EBIT down 11% vs record high 9M RESULTS €bn, unaudited figures1 Actual ∆ Gross ∆ Organic2 • Strong Q3 2024 wit EBIT (excluding Nuclear) up EBITDA (excluding Nuclear) 10.4 -6% -6% 18% organically driven by Renewables, Networks and GEMS EB
Slide 9: Q3 EBIT Evolution by GBU
9M 2024 FINANCIAL INFORMATION Q3 EBIT EVOLUTION BY GBU +18% organic growth (excluding Nuclear) driven by Renewables, Networks and GEMS EBIT (excl. Nuclear) (€m) +169 1,469 +96 -116 +26 o/w +226 230 o/w -111 GEMS OTHERS +161 Networks Energy Flex Gen GEMS 428 1,469 1,277 -32 Solutions Retail Others 10
Slide 10: 9M EBIT Evolution by GBU
9M 2024 FINANCIAL INFORMATION 9M EBIT EVOLUTION BY GBU Strong performance from Renewables and Flex Gen, GEMS impacted by market normalization EBIT (excl. Nuclear) (€m) +258 -293 +229 -72 +15 Flex Gen Retail 7,990 -39 Renewables Networks Energy -996 o/w -973 FX -41 Solutions GEMS Scope 2 7,091 Others
Slide 11: Cash Flow from Operations
9M 2024 FINANCIAL INFORMATION CASH FLOW FROM OPERATIONS Robust cash flow, marginally lower than the previous year Change in WCR: +0.3 Net (€bn) receivables -0.3 +1.2 -2.5 -1.9 Unbilled Margin calls +0.6 +4.3 Supply -0.7 +0.6 Taxes & Operating -2.3 tariff Nuclear Other interest cash flow 11.8 13.0 sh
Slide 12: Stable Credit Ratios, Rating Maintained
9M 2024 FINANCIAL INFORMATION STABLE CREDIT RATIOS, RATING MAINTAINED Balanced cash equation with CFFO funding growth capex, nuclear obligations and dividends Net Financial Debt Leverage ratios (€bn) -0.4 4.0x +4.1 Others Capex 1 +2.4 Dividends 30.5 3.1x 29.5 3.0x -11.8 Nuclear +6.9 funding & costs
Slide 13: FY 2024 Guidance Confirmed
9M 2024 FINANCIAL INFORMATION FY 2024 GUIDANCE CONFIRMED Rating 2024: key assumptions “Strong investment grade” FX: Economic Net Debt / EBITDA €12.8 - 13.8bn ≤ 4.0x over the long term • €/USD: 1.09 • €/BRL: 5.80 Market commodity forward prices Dividend as of 30 September 2024 65-75% Nuclear Belgium
Slide 14: Summary
9M 2024 FINANCIAL INFORMATION SUMMARY Excellent execution Strong 9M 24 results, Expansion in power in renewables guidance confirmed networks in Brazil and BESS 14 ENGIE NOVEMBER 2024
Slide 15: Additional Material
ADDITIONAL MATERIAL
Slide 16: 9M 2024 EBIT Change by Activity
9M 2024 FINANCIAL INFORMATION – ADDITIONAL MATERIAL 9M 2024 EBIT CHANGE BY ACTIVITY Y/Y change (€m) Gross FX / Scope Organic Key drivers for organic change Mainly scope-in AMEA (Kathu consolidation, BTE Higher hydro volumes in Europe Lower prices in Europe RENEWABLES +289 Renewables acquisition)
Slide 17: EBIT Breakdown
9M 2024 FINANCIAL INFORMATION – ADDITIONAL MATERIAL EBIT BREAKDOWN 9M 2024 Rest of Latin Northern (€m) France Europe America America AMEA Others TOTAL RENEWABLES 595 219 708 233 70 (22) 1,804 NETWORKS 886 121 571 (3) (11) 1,564 ENERGY SOLUTIONS 196 81 (1) (136) 48 (34) 153 FLEX GEN 237 399 264 48 39
Slide 18: Outright Power Production in Europe
9M 2024 FINANCIAL INFORMATION – ADDITIONAL MATERIAL OUTRIGHT POWER PRODUCTION IN EUROPE NUCLEAR AND HYDRO Hedged positions and captured prices (% and €/MWh) 126 110 98 96 As of 30 September 2024 Belgium and France Captured prices are shown: • Before specific Belgian nuclear and French CNR hydro tax
Slide 19: Disclaimer
DISCLAIMER Important Notice The figures presented here are those customarily used and communicated to the markets by ENGIE. This message includes forward- looking information and statements. Such statements include financial projections and estimates, the assumptions on which they are based, as well
Slide 20: For More Information About ENGIE
FOR MORE INFORMATION ABOUT ENGIE +33 1 44 22 66 29 ir@engie.com https://www.engie.com/en/financial-results FOR MORE INFORMATION ABOUT 9M 2024 FINANCIAL INFORMATION: https://www.engie.com/en/finance/results/2024 20 ENGIE NOVEMBER 2024