Slide 1: Q1 Results & Strategic Update
Q1 Results & Strategic Update 18 May 2021
Slide 2: Putting strategy into action
Putting strategy into action A simpler, industrial ENGIE Committing to Net Zero Key pillars of the medium-term plan Renewables, a strong growth platform Energy Solutions, Networks and Thermal Future energy systems Capital allocation and financial outlook Concluding remarks Strategic Update | May 202
Slide 3: A simpler, industrial ENGIE
A simpler, industrial ENGIE Catherine MACGREGOR CEO Putting strategy into action | May 2021 3
Slide 4: Increasing climate commitments and robust energy demand
Increasing climate commitments and robust energy demand Renewables facing Security, flexibility Momentum in unprecedented and reliability, key energy systems of growth for an affordable the future transition Putting strategy into action | May 2021 4
Slide 5: Four core activities
Renewables Energy Solutions Generating clean Developing low power carbon distributed energy infrastructure Networks Thermal & Supply Delivering affordable Providing balanced, energy for customers flexible power generation Putting strategy into action | May 2021 5
Slide 6: Focus on growth and yield
Focus on Renewables Energy Solutions Growth Growth with largely Growth through contracted earnings long-term infrastructure-like contracts Focus on Networks Thermal & Supply Yield Stability, visibility and Thermal: Contracted / strong free cash flow merchant optionality generation Supply: Capex ligh
Slide 7: Concentrated on core activities and focused geographic footprint
concentrated on focused streamlined organization with core activities geographic footprint clear accountability <30 countries by 2023 down from 70 in 2018 Putting strategy into action | May 2021 7
Slide 8: From 25 BUs to 4 GBUs with P&L accountability
from 25 BUs before… …to 4 GBUs with P&L accountability… Benelux UK North, South & Eastern Europe France (9 BUs) Renewables Energy North America Generation Europe Solutions China MESCAT P. ALMIRANTE C. PREVIEU Latin America Africa Asia-Pacific Networks Thermal & Brazil Supply E. SAUVAGE S. ARBOLA GEM
Slide 9: Client Solutions and Energy Solutions 'BRIGHT'
Client Solutions Energy Solutions ‘BRIGHT’1 Leader of low carbon A new leader in distributed energy multi-technical infrastructures and services related services C. PREVIEU J. STUBLER 1. ‘BRIGHT’ is the temporary name for the new leader in multi-technical services Putting strategy into action | May
Slide 10: Employee representative consultation progressing on track
Employee representative consultation progressing on track Current focus on: • Ensuring ‘BRIGHT’ is managed as a full-fledged entity within ENGIE by July 1st • Followed by marketing immediately after • Performance focus under newly appointed management team Next steps1 Q3 Q4 Q1 Q2 Q3 - Q4 2020 2020 2
Slide 11: Performance plan and group simplification
Performance plan Group simplification to deliver Operational excellence Support functions €1bn+ • Sharp execution focus • Increased shared services Gross improvement • Deep industrial expertise • Higher efficiency through standard processes and €0.6bn • Strong cash management systems Net EBIT Data a
Slide 12: Deep expertise in Digital and Data
Deep expertise in Digital and Data Origination / Engineering & Operations & • 2,000 data specialists of which Business Development Construction Maintenance 350 data scientists DataWind NEMO Darwin • 1,000 developers building our global digital platforms • 7 proprietary platforms to unlock performanc
Slide 13: Engaged and talented people as competitive differentiation
ENGIE’s engaged and talented people are a key competitive differentiation • ENGIE prioritizes people − care, equality, development, engagement • A workforce highly motivated to contribute to decarbonization Enhancing the performance culture 83% 90% • Sharp execution focus through industrial KPIs eng
Slide 14: ENGIE commits to Net Zero by 2045
ENGIE commits to Net Zero by 2045 Putting strategy into action | May 2021 14
Slide 15: Path to Net Zero
Path to Net Carbon intensity Greenhouse gas emissions Zero of energy production (gCO2e / kWh) on use of sold products (MtCO2e) • Coal exit 3481 • Capex alignment: investments Corresponds to target of 43 Mt in projects and regions compatible with our targets 230 791 • Carbon budgets assignment 60 158
Slide 16: Merit order for a just transition
Merit order for a ‘just transition’ that Coal power generation Coal power generation benefits all stakeholders (GW@100%1) (# plants1,2) Closing 1. Closing 15.1 10 2. Conversion 4 3. Disposal, -72% Conversion only when necessary 4 Disposal 4.3 no no 0.8 COAL 2 COAL 1.8 2015 2020 2023 2025 2027 2020 0
Slide 17: Transformation of ENGIE's generation portfolio
Transformation of the ENGIE’s generation portfolio 2018 2025 8% 1% Renewables 59% Diesel Renewables + 2.0 GW Renewables 58% 1.9 GW 0.8 GW 3.4 GW Coal Installed Installed Coal closure 10% capacity capacity Biomass 33% 0.7 GW 1 Conversion Gas 29% 2% Gas Diesel 1. Conversion also includes the coal asse
Slide 18: Key pillars of the medium-term plan
Key pillars of the medium-term plan Putting strategy into action | May 2021 18
Slide 19: Disposals, growth capex and dividend payout
…to drive earnings growth …with rigour in execution and shareholder returns through industrial expertise €9-10 bn €15-16 bn • Improved investment process of disposals of growth Capex1 • Clear financial and ESG criteria 65-75 % dividend payout ratio • Delivery and execution through industrial experti
Slide 20: Short-term and long-term incentives
1 Short-term incentives Long-term incentives 35% 20% 25% ESG and 32.5% ESG Criteria non-financial NRIgs criteria Profitability - NRIgs 50% - EBIT Based on relative growth to peers 30% 25% ROCE Total ESG criteria 32.5% Shareholder Return • CO2 emissions Cash and balance sheet • Renewables growth - Fr
Slide 21: Net income growth expected throughout the period
Net income growth expected throughout the period driven by investment and performance improvements Current ENGIE 2021 New ENGIE 2023 NRIgs guidance NRIgs guidance1 €2.3bn to €2.5bn €2.7bn to €2.9bn 2021 guidance reaffirmed Key guidance assumption: ‘BRIGHT’ fully contributing No contribution from ‘BR
Slide 22: New ENGIE 2025
New ENGIE 2025 Thermal & Supply, Post ‘BRIGHT’ Nuclear, Others ambition to deliver high single digit Energy Solutions Renewables earnings growth Capital Renewables Employed1 capital employed x2 over 2019-2025 Networks 1. Indicative split Putting strategy into action | May 2021 22
Slide 23: Renewables, a strong growth platform
Renewables, a strong growth platform Paulo ALMIRANTE Senior EVP in charge of renewable activities, energy management and nuclear production Putting strategy into action | May 2021 23
Slide 24: Renewables LCOE and capacity growth
Renewables LCOE 1 of Renewables technologies 2020-25 forecast capacity growth World average LCOE evolution 2020-2030 (GW) ($/MWh) North Latin down Europe America America AMEA2 40% Onshore wind 102 65 23 61 down Offshore down wind 21 7 - 12 35% 30% Solar 34 63 13 230 Utility Onshore Offshore scale PV
Slide 25: Strong platform of 31 GW
Renewables Strong platform of 31 GW 1 (GW at 100%) • 31 GW portfolio, 22 GW consolidated • Highly contracted ~70% 2 to 2030 14.1 12.2 • Strong hydro position, 57% of portfolio • Wind and solar 43% of portfolio • Young wind and solar assets 3.0 1.9 − onshore wind < 6 years Europe Latin North AMEA − s
Slide 26: Large portfolio in key geographies
Renewables Large portfolio in key geographies 1 • Flexible portfolio with high level (GW at 100%) of cash generation • Europe merchant position 12.1 provides significant opportunities • Latin America portfolio largely 5.6 contracted • Pump storage, a strong complement for Renewables Latin Europe Ame
Slide 27: Strong track record in renewables growth
Renewables Strong track record in renewables growth Renewables capacity addition (GW at 100%) GW acquired GW commissioned 3.0 3.0 3.0 2.0 1.0 0.1 0.3 2016-18 average 2019 2020 2021 On track to commission 9 GW by 2021 Umburanas, Brazil Putting strategy into action | May 2021 27
Slide 28: Renewables total pipeline
Renewables Total pipeline1 of 56 GW Development 30 9 AMEA 16 Solar 10 Latin America Advanced 17 Offshore development wind 14 North 12.9 America Under 19 construction Onshore and secured 23 wind 23 Europe 7 Prairie Hill, USA 1. As of 1 March 2021 Putting strategy into action | May 2021 28
Slide 29: Pipeline and 2022-25 capacity addition target
Renewables (GW at 100%) 16 GW 56 GW 2 AMEA 3 Latin America 32 GW 5 North America Cover ratio 16 GW 6 Europe x2 Total Pipeline with 2022-25 capacity pipeline delivery across addition target 2022-25 Bollène, France Putting strategy into action | May 2021 29
Slide 30: Strong business development capabilities
Renewables Strong business Deep experience in energy development capabilities management • #1 in Wind and Solar in France • Corporate PPAs and B2B supply and leader in Brazil (supporting the development of upstream assets) • Fast ramp up in North America • Strong customer approach and Chile – 3.3 GW
Slide 31: Industrial roadmap to reduce LCOE
Renewables Example of LCOE split of Industrial roadmap… …to reduce production onshore wind farm1 costs (LCOE) • New organization to capture • Short-term LCOE reduction of 29% scale benefits in procurement, 2-4% through: O&M construction and O&M – Increased production from • Scale-up construction bes
Slide 32: Key market priorities
Renewables Key Increased investment market priorities • > €2bn annual average Capex1 to 2023 • > €3bn annual average Capex starting 2024 • 80% focused on the key market priorities North America (US) • WACC +150/250 bps investment criteria Europe (France) Latin America (Brazil, Chile) Business ~70%3
Slide 33: Installed capacity to be multiplied by 2.6x by 2030
Renewables ENGIE installed capacity to be multiplied by Average annual wind 2.6x 80GW2 and solar by 2030 8 commissioning GW at 100% 22 6 GW 50GW1 4 32 GW 3 GW 31GW 18 2019-21 2022-25 2026-30 2020 2025 2030 Ras Ghareb, Egypt Offshore wind Solar Onshore wind Hydro 1. Breakdown per technology provided
Slide 34: Solid portfolio, differentiation, growth ambition
Renewables Solid portfolio Differentiation Growth ambition ~70% contracted portfolio • Through operations and energy management 4 GW / year 6 GW / year to 2030 2022-2025 2026-2030 hydro, wind and solar • Industrial plan to reduce LCOE by 2-4% Young fleet of wind and 50 GW 80 GW solar assets 2025 203
Slide 35: Energy Solutions
Energy Solutions Growing demand for low carbon distributed infrastructure Catherine MACGREGOR CEO Putting strategy into action | May 2021 35
Slide 36: Business model and leadership positions
Energy Solutions Business Strong EBIT model leadership positions Long-term infrastructure-like #1 in district cooling worldwide 75% Distributed energy infrastructures contracts with stable and #3 private player in district recurring revenues • District Heating & Cooling heating worldwide • Distribut
Slide 37: Carbon neutrality goals and growth prospects
Energy Solutions Policy makers, cities and corporates adopting …which translate into ambitious carbon neutrality goals… solid growth prospects • Corporates & Cities commitment to carbon neutrality • Growing customers demand for third party investments for Market CAGR 2020-30 carbon neutrality transi
Slide 38: Ambition 2025
Energy Solutions Competitive Performance advantages improvement Ambition 2025 • Highly experienced operations teams • Strong, secured organic pipeline • Unique expertise in integrated and targeted M&A, allowing to be 32 GW 1 selective distributed energy infrastructures decarbonization projects • Act
Slide 39: Singapore's Punggol digital district
Energy Solutions Singapore’s Punggol digital district KEY METRICS 30 years contract tenure 105 MWth target capacity €600m contract value 110,000 tons On-site Data Energy Green CO2 avoided Microgrid solar centers efficiency mobility 30% Energy Solutions synergies reduction of energy consumption Putti
Slide 40: Networks and Thermal
Networks and Thermal enabling affordability, flexibility and resilience Putting strategy into action | May 2021 40
Slide 41: Gas networks and renewable gases demand
Networks Networks Gas Key role of gas globally, stable at c. 25% in the primary energy mix over 2020-50 supports energy transition’s affordability Renewable gases demand is critical for energy system EU Sustainable Development Scenario (TWh) flexibility and security 616 Hydrogen contributes to energ
Slide 42: Gas networks in France and RAB evolution
Networks • ENGIE, the leading player in gas networks in France RAB evolution as of 1 January 2 • Stable regulatory frameworks, largely neutral to volume c. +2% p.a. to 2023 and inflation risks (€bn) • Returns range: 4.10% to 6.25% until 2023 30.3 28.3 0.9 0.9 4.2 • Strong operational performance and
Slide 43: Networks strong performance
Networks Strong performance 2020 average Capital Employed • Stable regulatory / long-term contractual frameworks ‘Quasi-RAB’ • Attractive double-digit equity returns €3.7bn • EBIT doubled since 2016 to €0.5bn in 2020 (€bn) 1.2 0.5 • Commissioning of 2,800 km regulated power lines in Brazil by end of
Slide 44: Thermal: dispatchable resources needed in Europe
Thermal Thermal In Europe • Significant phase-out of dispatchable capacity by 2030 Dispatchable resources needed in Europe − ~36 GW and ~70 GW to be retired/closed by 2025 and 2030 respectively (GW) +20% • Power demand growth of >15% to 2040 Gas • ENGIE’s gas fleet positioned to benefit from tighter
Slide 45: Thermal contract visibility
Thermal Contract visibility EBIT 2020 • Asset-Based PPA / Tolling (€bn) >10 years average remaining PPA duration • Double-digit equity returns with strong cash generation 69% 0.91 Long-term Merchant optionality contracted €1.3bn 31% Short-term • CRM, ancillaries and higher market spreads 0.4 contrac
Slide 46: ENGIE a front runner for energy systems of the future
ENGIE a front runner for energy systems of the future Putting strategy into action | May 2021 46
Slide 47: Biomethane production and targets
Renewable gases • 2141 biomethane production sites in 2020 injecting 4 TWh (TWh) • 28 TWh registered capacity with potential of up to 150 TWh Biomethane to reach • >€2bn investment in Networks triggered by biomethane to 2030 10% 40 of gas mix in France by 2030 ENGIE Targets and growth potential 20 4
Slide 48: Growing momentum for Hydrogen
Renewable gases ENGIE uniquely positioned Growing momentum for Hydrogen • Strong policy support • Push to decarbonize hard-to-abate sectors GREEN Green electrolyser H2 • Improving economics over next decade − Significant decrease in renewable production costs − Capex for large-scale electrolyser pro
Slide 49: Hydrogen first milestones and large scale production
Renewable gases First milestones Project purpose Large scale Yuri production 2021: final investment decision Provide H2 as a feedstock to green 2023: electrolysis of 10 MW ammonia production and create a powered with 18 MW on-site PV local H2 hub and batteries Electrolysis up to 1.6 GW by 2030 Netwo
Slide 50: European Hydrogen Backbone
Renewable gases • European Hydrogen Backbone − Infrastructure needed to achieve climate and energy objectives − Connecting large-scale production, storage and demand sites as part of a Hydrogen market at an affordable cost • ~40,000km of pure Hydrogen network by 2040, with ~70% retrofitted from exis
Slide 51: Strong pipeline of hydrogen projects
Renewable gases 2025 2030 Strong pipeline Production 0.6 GW 1 4 GW 1 of projects Green hydrogen capacity 8 GW of green hydrogen Midstream 170 km 700 km capacity over 70 projects Transmission Pipeline ~20 projects > 50 MW +50 projects < 50 MW 270 GWh 1 TWh Storage Mobility 50 >100 Refueling stations
Slide 52: Capital allocation and financial outlook
Capital allocation and financial outlook Judith HARTMANN CFO Putting strategy into action | May 2021 52
Slide 53: Driving earnings growth and value creation
Driving • New organization with clear accountability Earnings growth • Exit non-strategic activities and Simplification geographies Improving • More Renewables Value Business mix • Disciplined capital allocation Creation Sustainable dividend • Operational excellence Enhancing • Support functions Per
Slide 54: Earnings growth, disposals, capex and payout
Driving Earnings growth €9-10bn Simplification disposals NRIgs guidance1 2023: €2.7bn to €2.9bn Improving €15-16bn Value Business mix growth Capex Creation Sustainable dividend Enhancing €600m Payout: 65% to 75% Performance EBIT net performance Floor: €0.65 Alignment with climate commitment ‘Strong
Slide 55: €9-10bn disposals 2021 to 2023
2021 to 2023 €9-10bn disposals 1 Exiting non-core Geographical activities refocus reducing Simpler investor proposition footprint to <30 countries by 2023 Accelerating carbon Re-balancing from neutrality: French Networks to Maximizing value through progressive coal exit Renewables and competitive pr
Slide 56: Growth capex over 2021-23
Growth Capex1 over 2021-23 Indicative split by GBU €15-16bn 1 Thermal & Supply, • 100% growth Capex aligned with Others ENGIE’s CO2 reduction targets Energy <10% • ~80% growth Capex expected to Solutions be compatible with draft EU 15-20% -40% Taxonomy Networks vs. 2018-2020 30-35% • 55% already com
Slide 57: Improved investment process and clear financial criteria
Improved investment process Clear financial criteria • IRR–WACC: ~200 bps • NPV/Capex: 20-25% Enhanced focus Capital Picking Increased Stronger focus on short-term cash through GBU allocation most early-stage generation and P&L contribution Capex and CO2 aligned compelling selectivity budgets with s
Slide 58: Climate commitment core to investment strategy
Climate commitment core to investment strategy • Projects in line with ambitious climate targets ENGIE commits to the “Race to zero” campaign Green financing front-runner • €12bn green bonds issued to date GHG emissions trajectory ESG investing sharply increasing in line with ESG investments increas
Slide 59: Performance plan to deliver €1bn+ gross improvement
Performance plan to deliver €1bn+ gross improvement and €0.6bn additional net EBIT over 2021-23 OPERATIONAL EXCELLENCE Rigourous application of industrial KPIs Renewables Networks Energy Solutions Thermal & Supply • Captured prices • RAB or CE • Revenue growth • Capacity, availability • Availability
Slide 60: EBIT over years
EBIT Over 3 years (€bn) Performance €1.0bn -0.2 additional EBIT +0.5 Others from 2021-23 investments Scope 5.7 +0.4 / +0.8 out to Thermal & Supply 6.1 5.2 -0.6 +0.8 Energy Solutions Performance to Scope out 5.6 Networks Others Investments +0.2 +0.1 4.6 -0.1 Investments Renewables 2020 2021 2023 Putt
Slide 61: Performance plan contributes positively across each activity
Performance plan contributes positively across each activity Evolution 2020-23 • Contribution from growth investment Renewables Significant growth • Higher power prices in France • Lower remuneration rates in France Networks Largely stable • Growth in international networks • Covid-19 recovery Energ
Slide 62: Current ENGIE 2021 and New ENGIE 2023 guidance
1 Net income growth expected throughout the period driven by investment and performance improvements Current ENGIE 2021 New ENGIE 2023 EBITDA indication EBITDA indication €9.9bn to €10.3bn €10.3bn to €10.7bn EBIT indication EBIT indication €5.2bn to €5.6bn €5.7bn to €6.1bn NRIgs guidance NRIgs guida
Slide 63: Increasing earnings to drive dividend growth
Increasing Payout earnings to drive dividend 65% - 75% growth based on NRIgs Introduction of €0.65 dividend floor for 2021-23 Putting strategy into action | May 2021 63
Slide 64: Concluding remarks
Concluding remarks Catherine MACGREGOR CEO Putting strategy into action | May 2021 64
Slide 65: ENGIE uniquely positioned to enable energy systems of the future
• A simpler, industrial ENGIE with complementary activities aligned to industry mega trends • Strong commitment to Net Zero and ESG performance • A new organization with higher accountability and a stronger performance focus • Driving growth in renewables and distributed infrastructure through disci
Slide 66: Key targets summary
Net Stepping-up Distributed Zero renewables growth infrastructure 2045 3 to 4 to 6 GW +8 GW All 3 scopes Average annual growth1 By 2025 Performance Green hydrogen Simplification plan production 4 GBUs €0.6bn 4 GW From 25 Over 2021 to 2023 In 2030 1. 3GW: 2019-2021, 4GW: 2022-2025, 6W: 2026-2030 Putt
Slide 67: An energy utility focusing on renewables and infrastructure
We are an energy utility focusing on renewables and infrastructure supporting our customers’ decarbonization. We are building today, the low carbon energy systems of tomorrow. Putting strategy into action | May 2021 67
Slide 68: Additional materials
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Slide 69: Additional materials contents
Finance • 2023 EBIT indication per activity • Balance sheet • Maintenance Capex and Belgian nuclear provisions funding • 2021-2023 key assumptions ESG • Decarbonization of clients • Coal phase out • Commitment to social improvements Renewables • Installed capacity • Pipeline • Ocean Winds Nuclear St
Slide 70: 2020-23 EBIT drivers by activity
Overall drivers include FX evolution across each activity, as well as Covid recovery (mainly Supply and Energy Solutions) 2020-23 Drivers 2020-23 EBIT evolution2 Contribution of growth investments Renewables Higher achieved power prices in France ++ 2020 One-off (Brazilian hydro ruling) Prog
Slide 71: Cash sources and uses; strong investment grade balance sheet
Finance Cash sources offsetting uses1 "Strong investment grade" balance sheet 2 over 2021-23 over 2021-23 • FFO / net debt higher or equal to 18% (€bn) • Stable economic net debt 9-10 ~8 • Financial net debt increasing from nuclear provision funding • Economic net debt / EBITDA ≤ 4.0x 15-16 21-22 7-
Slide 72: Maintenance capex over 2021-23
Finance Maintenance Capex over 2021-23 €7-8bn c. 50% c. 50% non regulated regulated Networks Renewables Others Networks Maintenance Capex for regulated Energy Networks activities are part of RAB Solutions (4.10% to 6.25% RAB remuneration rates in France) Nuclear Thermal Supply Nuclear provisions fun
Slide 73: Key assumptions 2021-23
Finance Outright Power Nuclear Market assumptions Weather conditions Below EBIT Production indications (% and €/MWh) • Belgium nuclear • 6.27 €/BRL • Normalized • Recurring net financial availability: over 2021-23 temperature in France costs: -€1.5-1.6bn over 93%/93%/88%1 (gas distribution 2021-2023
Slide 74: Helping clients reduce their carbon emissions
ESG Helping clients incrementally reduce their carbon emissions with a robust methodology GHG emissions (ton CO2e) ~20 Mt CO2e avoided for clients in 2020 Emissions that would have occurred 1 under a credible baseline1 case (Mt) 1 Production of green energy 2 Decentralized energy ENGIE’s contributio
Slide 75: Three ways to exit coal
ESG 3 ways to exit coal • Closing • Conversion • Disposal Pego/Tejo – 576 MW @ 28.1% ENGIE is almost never the sole Safi – 1,250 MW decision-maker in this matter and @ 35.0% closure is often impossible when ILO21 – 125 MW the coal plant contributes to the @ 61.8% energy security, economy and employm
Slide 76: Diversity, hiring, training, health and safety
ESG Hiring, Training, Health & Safety Diversity Engagement Gender Equality Index Apprenticeship3 Safety • France: 871 ; International: 801 • ~ 6,000 FTE1 • “No life at risk” program • Target: 100 globally by 2030 • Target 2030: ≥ 10% of workforce • Injury frequency rate = 3.21.4 • Target: ≤ 2.9 by 2
Slide 77: Renewables capacity by technology and geography
Renewables By technology By geography (GW) (GW) At 100% At % consolidation2 At 100% At % consolidation2 31GW 31GW 3 2 3 22GW 22GW 10 2 Solar 1 AMEA 14 2 <1 Onshore wind North America 6 Offshore wind Latin America <1 10 Hydro Europe 18 13 12 8 2020 2020 2020 2020 1. As of 31 December 2020 2. % of con
Slide 78: ENGIE installed capacity 2020-2030
Renewables These splits are provided for indicative purpose. They might evolve depending on market evolution and in line with our ambition to get the higher returns. ENGIE installed capacity at 100% 80GW 2020 - 2030 (GW at 100%) 22 50GW 12 32 Solar 31GW Onshore Wind 3 18 10 8 Offshore Wind 2 Hydro 1
Slide 79: Ocean Winds joint venture
Renewables Ocean Winds is the result of a 2019 joint venture by EDPR and ENGIE. This JV comes in the wake of EDPR and ENGIE successful 5-year cooperation as consortium partners in projects in France and the UK Project visibility for 6.6 GW of capacity Key success factors Name Country MW gross % OW C
Slide 80: Nuclear: Belgian phase-out
Nuclear Belgian phase-out1 2021 2022 2023 2024 2025 October February February: D1 (0.45 GW) Doel 3 Tihange 2 July: D4 (0.9 GW) 0.9 GW 0.9 GW September: T3 (0.9 GW) October: T1 (0.5 GW) December: D2 (0.45 GW) Total indicative volumes2 c. 44 TWh c. 31 TWh c. 20 TWh Expected availability Belgium Hedgin
Slide 81: Important notice
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 as stateme
Slide 82: Ticker: ENGI
Ticker: ENGI +33 1 44 22 66 29 ir@engie.com https://www.engie.com/en/financial-results FOR MORE INFORMATION ABOUT STRATEGIC UPDATE: https://www.engie.com/en/investisseurs/investor-day Strategic Update | May 2021 82