Slide 1: Financial Information as of September 30, 2019
FINANCIAL INFORMATION AS OF SEPTEMBER 30, 2019 Sustained Q3/9M Performance FY 2019 Guidance Confirmed November 07, 2019
Slide 2: 9M 2019 highlighting solid organic performance
9M 2019 HIGHLIGHTING SOLID ORGANIC PERFORMANCE FY 2019 GUIDANCE CONFIRMED NEW GROWTH PHASE FOLLOWING RECENT TRANSFORMATION 9M 2019 RESULTS 2
Slide 3: Sustained Q3 performance with improvement in nuclear availability
SUSTAINED Q3 PERFORMANCE WITH THE EXPECTED IMPROVEMENT IN NUCLEAR AVAILABILITY AS WELL AS GOOD MOMENTUM IN RENEWABLES SOLID 9M ORGANIC COI GROWTH (+14% yoy) DRIVEN BY NUCLEAR, THERMAL AND OTHERS (NOTABLY ENERGY MANAGEMENT), PARTIALLY OFFSET BY NETWORKS IN CLIENT SOLUTIONS, IMPROVED PERFORMANCE OF DE
Slide 4: 9M Results
9M RESULTS– In €bn, ∆ ∆ unaudited figures(1) Actual Gross(2) Organic(2) EBITDA 7.1 +5% +7% COI(3) 3.8 +9% +14% 26.7 +3.4 NET DEBT vs year-end 2018 CFFO(4) 4.0 -1.0 COI YoY gross - by reportable segment FRANCE EXCL. USA & CANADA FRANCE REST OF EUROPE LATIN AMERICA MIDDLE EAST, ASIA & AF
Slide 5: Client Solutions: good decentralized energy performance, increased competition
GOOD PERFORMANCE ON DECENTRALIZED ENERGY ACTIVITIES BUT INCREASED COMPETITION IN CERTAIN SERVICES SEGMENTS; SUEZ ONE-OFF ADDITIONALLY CONTRIBUTED POSITIVELY 9M 2019 COI - In €M Strong improvement in earnings dynamic since Q1. Revenues up 10%, including YoY gross 3,848 contribution of tuck-in acqui
Slide 6: Networks: headwinds in transmission and storage
HEADWINDS IN TRANSMISSION AND STORAGE, BUT BROADLY IN LINE WITH EXPECTATIONS 9M 2019 COI - In €M, unaudited figures YoY gross Transmission: driven mostly by temporary impacts • Negative volume effect in France 3,848 €M % • Revenues smoothing in France 574 Storage: • Client penalties due to techn
Slide 7: Renewables: strong wind and solar performance
STRONG WIND & SOLAR PERFORMANCE DRIVES RENEWED GROWTH DESPITE FRENCH HYDRO VOLUME EFFECT 9M 2019 COI - In €M, unaudited figures YoY gross Wind & solar earnings up >60%: 3,848 €M % Sell-downs Commissioning of new onshore wind capacities, notably in Brazil and the US 574 Hydro earnings down c. 10%
Slide 8: Thermal: growth despite Glow disposal
GROWTH DESPITE GLOW DISPOSAL 9M 2019 COI - In €M, unaudited figures YoY gross Positive 2019 one-offs (LDs in Latin America) 3,848 €M % LatAm PPA ramp-up (Chile) Higher power production and prices in Australia 574 Glow and LYB disposals US: higher LNG sourcing costs and lower capacity price
Slide 9: Nuclear: growth driven by availability recovery
GROWTH AS EXPECTED - DRIVEN BY AVAILABILITY RECOVERY 9M 2019 COI - In €M, unaudited figures YoY gross Higher volumes due to YTD restarts (+25% in Belgium) 3,848 €M % More favorable achieved prices (+2€/MWh) 574 1,600 Availability Belgium 754 79% (vs. 57% last year) 1,040 FY 2019 COI OUTLOOK: 201
Slide 10: Supply: French retail market conditions remain a challenge
FRENCH RETAIL MARKET CONDITIONS CONTINUE TO BE A CHALLENGE 9M 2019 COI - In €M, unaudited figures YoY gross Lower results in business sales in Benelux and in the United States 3,848 €M % Margin squeeze in French retail (market offers in gas and power) 574 Temperature in Australia B2B higher
Slide 11: Strong performance in energy management
STRONG PERFORMANCE IN ENERGY MANAGEMENT 9M 2019 COI - In €M, unaudited figures YoY gross Energy Management: 3,848 €M % Long term gas contract renegotiations Gas sourcing optimization, benefitting from market volatility 574 Development of international activities & trading performance 2018
Slide 12: Decrease due to commodity related margin calls and financial derivatives
DECREASE DUE TO COMMODITY RELATED MARGIN CALLS AND FINANCIAL DERIVATIVES In €bn 0.4 (1.6) 5.0 incl. Operating Margin Cash Flow Calls & financial 0.1 4.0 derivatives Delta Taxes & WCR Interest paid CFFO CFFO 9M 2018 9M 2019 9M 2019 RESULTS 12
Slide 13: Q&A
Q&A 9M 2019 RESULTS 13
Slide 14: Additional Material
ADDITIONAL MATERIAL 9M 2019 RESULTS 14
Slide 15: Net financial debt and cost of gross debt
Net financial debt and cost of gross debt – in €bn 7.0 (2.6) 2.5 0.5 26.7 23.3 (4.0) Others Disposals(2) Dividends • In April 2019, S&P confirmed its A- long- CFFO Gross Dec. Capex Sept. term rating, upgraded its short-term rating 2018(1) 2019 to A-1 and maintained its outlook at stable. Cost of gro
Slide 16: Nuclear and Hydro outright hedges: prices and volumes
NUCLEAR AND HYDRO Outright hedges: prices & volumes - In €/MWh and % 100% 95% 76% 50% 21% 47 49 44 35 36 2018 2019 2020 2021 2022 As of 09/30/19 Belgium and France (+ Germany until April 2019) 9M 2019 RESULTS 16
Slide 17: 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 18: Investor relations contact
Ticker: ENGI +33 1 44 22 66 29 ir@engie.com http://www.engie.com/en/investors-area/ FOR MORE INFORMATION ABOUT 9M 2019 RESULTS: https://www.engie.com/en/investors/results/2019-results/ 9M 2019 RESULTS 18