Slide 1: H1 2018 Results
H1 2018 RESULTS July 27th, 2018
Slide 2: Agenda
AGENDA Highlights H1 2018 performance Additional material H1 2018 RESULTS 2
Slide 3: Key H1 Messages
HIGHLIGHTS KEY H1 MESSAGES SOLID ORGANIC GROWTH DRIVEN BY RENEWABLES AND NETWORKS MERCHANT: ENERGY MANAGEMENT PERFORMANCE MORE THAN OFFSETTING NUCLEAR OUTAGES FURTHER PROGRESS IN STRATEGIC REPOSITIONING FY 2018 GUIDANCE CONFIRMED(1) (1) Based on the assumption of a restart of nuclear units in line w
Slide 4: Strong Results, EBITDA Up 6% Organically
HIGHLIGHTS STRONG RESULTS, EBITDA UP 6% ORGANICALLY In €bn ∆ ∆ H1 2018 RESULTS Actual Gross(1) Organic(1) EBITDA 5.1 +1.3% +6.2% COI(2) 3.1 +1.4% +7.2% NRIgs 1.5 +11.4% +18.9% excl. E&P and LNG Net Debt 20.5 -€2.0bn Full year guidance confirmed(3) (1) H1 2017 restated for IFRS 5,9&15 treatments (2)
Slide 5: Key Operational Developments
HIGHLIGHTS KEY OPERATIONAL DEVELOPMENTS CLIENT GENERATION - GENERATION – RES & NETWORKS SOLUTIONS MERCHANT THERMAL CONTRACTED Increasing Strong Optimized Acceleration exposure commercial and flexible in Renewables to regulated development platform revenues B2C customer New gas storage Nuclear availa
Slide 6: Nuclear Units in Belgium: Update on 2018 Availability
HIGHLIGHTS NUCLEAR UNITS IN BELGIUM: UPDATE ON 2018 AVAILABILITY CURRENT FORECAST FOR TECHNICAL DESCRIPTION TECHNICAL AVAILABILITY 23/04 01/10 Doel 1 • Maintenance work linked to 10-year lifetime extension 22/05 08/10 Doel 2 20/10 29/11 Tihange 1 • Regularly scheduled maintenance activity Doel 3 • R
Slide 7: Agenda
AGENDA Highlights H1 2018 performance Additional material H1 2018 RESULTS 7
Slide 8: Strong EBITDA Performance
H1 2018 PERFORMANCE STRONG EBITDA PERFORMANCE EBITDA(1) FY 2018 In €bn, unaudited figures YoY Outlook NON-CORE SOLD 0.35 0.23 -1% 1.25 1.27 -13% +7% B2C B2B & B2T Client solutions 2.12 +3% 2.18 Networks 1.38 +4% 1.44 Generation - RES & thermal contracted 0.34 +21% 0.41 Generation - Merchant H1 2017
Slide 9: Client Solutions: Positive Dynamics Despite Temporary Impact in B2C
H1 2018 PERFORMANCE CLIENT SOLUTIONS POSITIVE DYNAMICS DESPITE TEMPORARY IMPACT IN B2C In €bn, % yoy organic unaudited figures H2 GROSS OUTLOOK +7% Catch up in B2C + 1.29 (0.06) +0.03 +0.01 1.25 (0.02) B2B: Backlog conversion + & 2017 acquisitions B2C B2T 0.2 Loss making activities + B2B Engineering
Slide 10: Networks: Strong Q2 Performance Driven by French Storage
H1 2018 PERFORMANCE NETWORKS STRONG Q2 PERFORMANCE DRIVEN BY FRENCH STORAGE In €bn, % yoy organic unaudited figures H2 GROSS OUTLOOK 2.1 +0.07 +0.03 2.2 + Storengy regulation (France) 0.2 +6% Interna- Distribution tional Tariffs in Latam Storage + 0.2 23% Storage New Regulation commissioning Res
Slide 11: Strong Organic Growth in Renewables
H1 2018 PERFORMANCE GENERATION - RES & THERMAL CONTRACTED STRONG ORGANIC GROWTH IN RENEWABLES In €bn, % yoy organic unaudited figures H2 GROSS OUTLOOK New hydro concessions (Brazil) + +0.18 (0.01) +0.05 (0.06) 1.4 Hydrology (France) + 1.3 Thermal Wind & Other - Forex (BRL, USD) contracted Solar 0.9
Slide 12: Growth in Energy Management Offsetting Nuclear
H1 2018 PERFORMANCE GENERATION - MERCHANT GROWTH IN ENERGY MANAGEMENT OFFSETTING NUCLEAR In €bn, % yoy organic unaudited figures H2 GROSS OUTLOOK - Nuclear availability +0.25 (0.10) - Nuclear achieved prices European merchant fleet + + (0.08) Lean & contract renegotiations Nuclear 0.4 0.3 Europe Apa
Slide 13: Strong Financial Structure
H1 2018 PERFORMANCE STRONG FINANCIAL STRUCTURE In €bn FURTHER DECREASE IN NET DEBT AND COST OF GROSS DEBT 22.5 (3.3) 1.4 (0.3) 20.5 (3.4) 3.6 CFFO Dividends Others Disposals(1) Gross Capex Net Net Debt Debt 12.17 06.18 Cost of gross debt 2.63% 2.53% IMPROVING LEVERAGE RATIOS 4.0 3.8(3) 3.8(3) 2.4(2)
Slide 14: Conclusion: Key Take-aways
CONCLUSION KEY TAKE-AWAYS FY 2018 guidance confirmed(1) H1 2018 highlighting strong organic performance 2018 interim dividend of 0.37€/share to be paid on Oct 12, 2018 (1) Based on the assumption of a restart of nuclear units in line with current information available on REMIT H1 2018 RESULTS 14
Slide 15: Agenda
AGENDA Highlights H1 2018 performance Additional material H1 2018 RESULTS 15
Slide 16: Strong Organic EBITDA Growth
ADDITIONAL MATERIAL STRONG ORGANIC EBITDA GROWTH In €bn + 6.2% 5.0 (0.2) +0.3 5.1 4.8 FX & Scope Organic FX: (0.19) o/w Lean Scope: -0.03 0.15 EBITDA EBITDA EBITDA H1 H1 2017 H1 2018 2017(1) Adjusted EBITDA 2017 FX - Scope Point de passage low co2 EBITDA 2018 By reportable segment(2) NORTH A
Slide 17: EBITDA Bridge by Effect
ADDITIONAL MATERIAL EBITDA BRIDGE BY EFFECT By main effect +0.3 organic (+6.2%) In €bn 5.0 (0.2) +0.1 +0.1 0.1 5.1 (0.1) 4.7 +0.1 (0.0) Lean Other Change Scope Prices Volumes Scope 2018 out in EBITDA EBITDA EBITDA H1 2017(1) H1 2018 H1 2017 Adjusted EBITDA Change scope out Point de scope in prices v
Slide 18: From EBITDA to Net Income
ADDITIONAL MATERIAL FROM EBITDA TO NET INCOME From EBITDA to NRIgs From NRIgs to NIgs H1 2018 H1 2017(1) ∆ yoy EBITDA €5.1bn €5.0bn +0.1 NRIgs H1 2018 €1.5bn D&A and others (2.0) (2.0) (0.0) MtM below COI +0.5 COI(2) €3.1bn €3.0bn 0.0 Impairments (0.8) Financial result (0.6) (0.6) (0.0) Restructurin
Slide 19: CFFO: Normalization of Change in WCR
ADDITIONAL MATERIAL CFFO: NORMALIZATION OF CHANGE IN WCR In €bn +0.4 (1.2) 3.8 Operating +0.3 (0.0) 3.3 Cash Flow Interests Delta Taxes paid & CFFO WCR paid others H1 CFFO 2017 H1 (1) 2018 (1) H1 2017 restated for IFRS 5,9&15 treatments H1 2018 RESULTS 19
Slide 20: Further Progress in ENGIE Repositioning
ADDITIONAL MATERIAL FURTHER PROGRESS IN ENGIE REPOSITIONNING DISPOSALS GROWTH CAPEX GLOW Generation –Merchant 7% Generation – RES & thermal contracted o/w 33% Renewables 31% Further reduction of coal capacities €2.5bn(1) 45% 1 GW out of 3.3 GW of installed capacity Client Solutions H1 2018 15% High
Slide 21: Outright Power Generation in Europe: Nuclear & Hydro
ADDITIONAL MATERIAL OUTRIGHT POWER GENERATION IN EUROPE NUCLEAR & HYDRO In €/MWh and % OUTRIGHT HEDGES: PRICES & HEDGED RATIOS 40 38 35 33 89% 9% 36% 100% 73% 2018 2019 2020 2021 As of 06/30/18 Belgium, France H1 2018 RESULTS 21
Slide 22: 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 23: 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 H1 2018 RESULTS: http://www.engie.com/en/investors/results/results-2018/ H1 2018 RESULTS