Engie S.a. · EURONEXT:ENGI
Engie — Engie Sa Ord — 9M 2025 Earnings Presentation
22 slides from Engie's earnings presentation, Nov 6, 2025
Slide 1: 9M 2025 Financial information
9M 2025 Financial information 06 November 2025
Slide 2: Catherine Macgregor
9M 2025 FINANCIAL INFORMATION CATHERINE MACGREGOR 2 ENGIE NOVEMBER 2025
Slide 3: 9M 2025 Highlights
9M 2025 FINANCIAL INFORMATION 9M 2025 HIGHLIGHTS Good earnings Steady execution Capitalise on our Successful performance in renewables and unique skillset restart of both Confirmed guidance, expansion in to meet booming nuclear reactors in at the upper end European flexible data center Belgium of th
Slide 4: Good earnings performance
9M 2025 FINANCIAL INFORMATION GOOD EARNINGS PERFORMANCE 2025 GUIDANCE CONFIRMED, AT THE UPPER END OF THE RANGE 1 EBIT ex. Nuclear CFFO 2025 guidance confirmed €6.3bn €11.4bn vs. €7.1bn in 9M 2024 vs. €11.8bn in 9M 2024 NRIgs expected at the upper end of the range of Economic net debt Performance / E
Slide 5: Steady execution in renewables
9M 2025 FINANCIAL INFORMATION STEADY EXECUTION IN RENEWABLES 55 GW Major projects in our Acceleration total capacity main regions in PPAs in Q3 of which 4 GW added • Europe: Installation of the in 9M 25 Dieppe Le Tréport offshore offshore wind farm (496MW) 3.1 GW signed in 9M 2025 6 GW • AMEA: Signa
Slide 6: Continued expansion in our European flexible assets
9M 2025 FINANCIAL INFORMATION CONTINUED EXPANSION IN OUR EUROPEAN FLEXIBLE ASSETS BELGIUM First firing of new Belgian gas-fired power plant in Flémalle (875 MW), construction of Vilvorde battery (200 MW/800MWh) ITALY ENGIE increased its capacity to 250 MW as a result of the acquisition of 2 batterie
Slide 7: Capitalise on our unique skillset to meet booming data center demand
9M 2025 FINANCIAL INFORMATION CAPITALISE ON OUR UNIQUE SKILLSET TO MEET BOOMING DATA CENTER DEMAND Positioning ENGIE as the best utility to address the challenges of our tech/data center customers SPEED TO CONNECTED LAND SPEED TO ADDITIONAL POWER ENERGY COST OPTIMIZATION Co-locate data centers with
Slide 8: Belgian nuclear deal closed, a new chapter begins
9M 2025 FINANCIAL INFORMATION BELGIAN NUCLEAR DEAL CLOSED, A NEW CHAPTER BEGINS Successful execution of works at Tihange 3 and Doel 4 which restart ahead of schedule Payment of the second and final instalment for the transfer of responsibility for nuclear waste management liabilities 8 8ENGIE ENGIE
Slide 9: Pierre-François Riolacci
9M 2025 FINANCIAL INFORMATION PIERRE-FRANÇOIS RIOLACCI EVP in charge of Finance, ESG and Procurement 9 ENGIE NOVEMBER 2025
Slide 10: Financial performance highlights
9M 2025 FINANCIAL INFORMATION FINANCIAL PERFORMANCE HIGHLIGHTS Resilient earnings, robust cash flow, and strong credit fundamentals • EBIT (excluding Nuclear) stands at €6.3 billion, with a €0.25 billion negative impact from scope 9M RESULTS & foreign exchange €bn, unaudited figures1 Actual ∆ Gross
Slide 11: 9M EBIT evolution by effect
9M 2025 FINANCIAL INFORMATION 9M EBIT EVOLUTION BY EFFECT Investments & Performance offset by market normalization and lower volumes EBIT (excl. Nuclear) (€m) -247 7,091 FX -131 -530 6,346 Scope -116 -187 +477 Price -583 Others & +327 Performance 6,346 1,743 Supply & Volatility Volumes Commissioning
Slide 12: 9M EBIT evolution by reporting segment
9M 2025 FINANCIAL INFORMATION 9M EBIT EVOLUTION BY REPORTING SEGMENT (€m) 3,142 -173 FX & -136 Renewable -126 Scope Renewable & Flex Power 2,707 & BESS Gas Generation 9M 2024 9M 2025 FX & -36 2,444 +705 Scope Infrastructures Local Energy 1,839 -65 Infrastructures Networks 9M 2024 9M 2025 2,783 -5 -1
Slide 13: Cash flow from operations
9M 2025 FINANCIAL INFORMATION CASH FLOW FROM OPERATIONS Solid cash generation, sustained through disciplined working capital management Change in WCR: +0.1 (€bn) -0.0 -0.5 +0.1 -0.1 +0.3 Operating Inventory -0.8 +0.7 Taxes & Margin Other interest cash flow Operating Nuclear Calls changes paid 11.8 i
Slide 14: Stable credit ratios, rating maintained
9M 2025 FINANCIAL INFORMATION STABLE CREDIT RATIOS, RATING MAINTAINED Robust cash flow supporting strategic investments, shareholder returns and nuclear commitments Net Financial Debt Leverage ratios (€bn) 4.0x +4.5 -0.3 36.0 33.2 +4.4 Others 3.1x 3.2x Nuclear -11.4 +5.6 Dividends funding & costs 2.
Slide 15: FY 2025 guidance confirmed
9M 2025 FINANCIAL INFORMATION FY 2025 GUIDANCE CONFIRMED NRIgs expected at the upper end of the range Rating 2025: key assumptions “Strong investment grade” FX: Economic Net Debt / EBITDA €12.7 - 13.7bn ≤ 4.0x over the long term • €/USD: 1.14 • €/BRL: 6.34 Market commodity forward prices Dividend as
Slide 16: Summary
9M 2025 FINANCIAL INFORMATION SUMMARY Good earnings Steady execution Capitalise on our Successful performance in renewables and unique skillset restart of both Confirmed guidance, expansion in to meet booming nuclear reactors in at the upper end European flexible data center Belgium of the range ass
Slide 17: Additional material
ADDITIONAL MATERIAL
Slide 18: 9M 2025 EBIT change by activity
9M 2025 FINANCIAL INFORMATION – ADDITIONAL MATERIAL 9M 2025 EBIT CHANGE BY ACTIVITY Gross Organic (€m) 9M 25 Variance Variance Key drivers Renewable & Contribution from capex, lower hydro tax in France 1,843 -181 -136 BESS Lower volumes (hydro and onshore wind), FX (BRL & USD) no inframarginal
Slide 19: 9M EBIT breakdown
9M 2025 FINANCIAL INFORMATION – ADDITIONAL MATERIAL 9M EBIT BREAKDOWN 9M 2025 Rest of Latin Northern (€m) France Europe America America AMEA Others TOTAL RENEWABLE & FLEX POWER 425 418 1,007 530 371 -44 2,707 Renewable & BESS 299 286 704 476 79 0 1,843 Gas Generation 126 132 303 54 292 -44 864 INFRA
Slide 20: Outright power production in Europe
9M 2025 FINANCIAL INFORMATION – ADDITIONAL MATERIAL OUTRIGHT POWER PRODUCTION IN EUROPE NUCLEAR AND HYDRO Hedged positions and captured prices (% and €/MWh) As of 30 September 2025 Belgium and France Captured prices are shown • before specific Belgian nuclear and French CNR hydro tax contributions •
Slide 21: 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 22: 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 2025 FINANCIAL INFORMATION: https://www.engie.com/en/finance/results/2025 22 ENGIE NOVEMBER 2025