Slide 1: Results as of September 30, 2012
RESULTS as of September 30, 2012 Gérard Mestrallet Dunamenti, Hongrie, CCGT Chairman and Chief Executive Officer Laja, Chile st 31 October 2012 Isabelle Kocher October 31, 2012 Executive Vice-President, Chief Financial Officer
Slide 2: Solid performance in Q3
Solid performance in Q3 Sept 30, Sept 30, Δ Δ In €bn 2012 2011 gross organic REVENUES 70.9 65.4 +8.4% +6.9% +5.8% EBITDA 12.8 12.1 +1% +5.8% excluding climate/tariff 37.6 +€8.3bn NET DEBT 45.9 of which +€8.8bn as of end 2011 due to IPR full acquisition September 30, 2012 Results – October 31, 2012 2
Slide 3: On track to meet all 2012 financial targets
On track to meet all 2012 financial targets FY 2012 financial targets(1) confirmed €3.7- 4.2bn NET RECURRING INCOME based on an indicative EBITDA of €17bn GROUP SHARE(2) average weather, stable regulation GROSS CAPEX ~€10/11bn (3) Net debt/EBITDA ~2.5x FINANCIAL STRUCTURE and “A” category rating DIV
Slide 4: Developing our distinctive profile
Developing our distinctive profile Estreito, Brazil LNG carrier, Brest, France Districlima, Barcelona, Spain Leading IPP in fast Unique positioning Global LNG player growing markets in Energy Services LATIN AMERICA ASIA EUROPE ■ Jirau hydro plant: BRL 2.3 bn of ■ ~x2 cargoes shipped to Asia in ■ Bar
Slide 5: GDF SUEZ, the largest private player in the Brazilian generating market
GDF SUEZ, the largest private player in the Brazilian generating market A compelling market with substantial capacity needed • ~60% of growth in the total electricity demand expected • 66 GW will be added to the total generating capacity • Hydrological potential for a further 250 GW of HPPs in Brazi
Slide 6: Growth in revenues coming from all business lines
Growth in revenues coming from all business lines +4.5% +1.3% +47.6% +34% +10.2% +141 70,921 +454 +1,154 +331 ENVIRON- ENERGY MENT +2,968 INFRA- STRUCTURES SERVICES TOTAL GROWTH +3.9% GLOBAL GAS & LNG 65,414 +459 ENERGY ENERGY EUROPE INTERNA- TIONAL TOTAL GROWTH: + €5,507m (+8.4%) ORGANIC GROWTH: +
Slide 7: Positive impacts of weather and gas tariff in France on EBITDA
Positive impacts of weather and gas tariff in France on EBITDA +5.8% GROSS growth +5.8% ORGANIC growth 12,784 Scope effects : -€190m Forex effects : +€203m -212 12,573 -34 +34 12,454 Q4 2011 GAS TARIFF WEATHER GAS TARIFF Sept 30, 12 EBITDA +108 Sept 30,11 ADJUSTMENT SHORTFALL excluding EBITDA gas ta
Slide 8: Business trends
Business trends • New assets contribution: Estreito, CTA & CTH, Shuweihat 2, Al Dur, Glow phase 5, Gheco One • Latin America: increase in sales price in Brazil due to inflation, end of exceptionally good conditions for power sales in Chile • North America: lower power prices except in Texas, outstan
Slide 9: Sustained Cash Flow Generation
Sustained Cash Flow Generation In €bn Sept 30, 2012 • Gross capex: ~€10/11bn in 2012(2) FREE CASH FLOW(1) 6.5 • Net debt increase with the full impact of IPR acquisition of €8.8bn GROWTH CAPEX(2) 5.0 • Net debt to EBITDA ratio to be reduced: ~2.5x by the end of 2012 NET DEBT 45.9 • “A” category rati
Slide 10: Optimization of financial charges through dynamic debt management
Optimization of financial charges through dynamic debt management Diversified access to bonds markets Decrease in cost of gross debt with positive arbitrage versus Euro markets to reach historic low point at 4.32% 4.93% Inaugural USD1.5bn issue in October 2012: • Dual tranche 5 and 10 years 4.58% 4.
Slide 11: Conclusion
Conclusion • Strong Q3 results • Confirmation of all 2012 financial targets • Developing our distinctive profile • Next event: Investor Day on December 6th in Paris September 30, 2012 Results – October 31, 2012 11
Slide 12: Appendices
APPENDICES Dunamenti, Hongrie, CCGT 31st October 2012
Slide 13: Breakdown of revenues as of Sept. 30, 2011
Breakdown of revenues as of Sept. 30, 2011 (in €m) SEPT. 30, 2011 FY 2011 ENERGY INTERNATIONAL 11,768 15,754 ENERGY EUROPE 29,067 41,268 o/w CENTRAL WESTERN EUROPE 23,369 33,444 o/w France 10,003 14,922 o/w Benelux & Germany 11,022 15,319 o/w Central Energy Management & Trading 2,344 3,203 o/w OTHER
Slide 14: Climate adjustment in France: impact on gas sales and distribution in TWh
Climate adjustment in France: impact on gas sales and distribution in TWh 2011 Energy Europe - France: -30.4 TWh As of Sept. 30, 2012 Sensitivity as of September: -16.9 TWh Energy Europe - France: +2.1 TWh Energy Europe – France: ~€10m EBITDA/ TWh Infrastructures: -34.4 TWh Infrastructures: ~€5m E
Slide 15: Nuclear assets in Belgium
Nuclear assets in Belgium DOEL 1 DOEL 2 DOEL 3 DOEL 4 TIHANGE 1 TIHANGE 2 TIHANGE 3 TOTAL Capacity @100% 433 433 1,006 1,039 962 1,008 1,046 5,927 (MW) COD 15/02/1975 01/12/1975 01/10/1982 01/07/1985 01/10/1975 01/06/1983 01/09/1985 40 year license 15/02/2015 01/12/2015 01/10/2022 01/07/2025 01/10/2
Slide 16: 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