AIMING FOR BEST ENERGY TRANSITION UTILITY

A fit for purpose organization to seize market opportunities and strengthen ENGIE’s industrial model, around three business segments: Renewables & Flex Power, Infrastructures, and Supply & Energy Management, in order to:
- Deliver greener and smarter electrons
- Offer its customers decarbonized electricity 24/7
- Expand in power networks
€21 to €24 billion growth capex between 2025 and 2027, with 75% dedicated to renewables, batteries, and power networks

Acceleration of performance plan with an expected contribution to EBIT exceeding €1 billion for 2025-2027
EBIT Excluding Nuclear : 10 % CAGR over 2021-2027
Raised earnings outlook:
- NRIgs 2025 : €4.4 to €5.0 billion
- NRIgs 2026 : €4.2 to €4.8 billion
- NRIgs 2027 : €4.4 to €5.0 billion
Dividend policy updated: payout ratio between 65% and 75% of NRIgs with an annual floor raised to €1.10 per share
2030 operational objectives
- 95 GW of installed renewable and storage capacities
- 10,000 km of power transmission lines in operation
- 50 TWh/year of biomethane production capacity connected to ENGIE's network
- 300 TWh of power sales in B2C and B2B
Sustainable progressive growth in earnings towards 2030 driven by investment and performance
An accelerated decarbonation path coupled with business ambition: 55% reduction in total GHG emissions by 2030 compared to 2017

Catherine MacGregor, CEO, said: “ Over the past four years, ENGIE has refocused, simplified, and de-risked, while continuing its trajectory towards net zero by 2045. This work is reflected in a solid industrial track record and excellent financial performance over the period. As the energy transition is the proven best way to address global sovereignty, affordability, and climate challenges, the demand for electricity and decarbonized molecules continues to grow. Massive electrification is an opportunity for ENGIE. We aim to become the best utility in the energy transition, with a target of 95 GW of installed renewable and storage capacity by 2030. To achieve this, we will deploy an ambitious investment plan of 21 to 24 billion euros over the next three years. We already have the best people in the sector: with strong economic fundamentals, a clear strategy, an integrated model reinforced by our new organization, and recognized execution capability, ENGIE has all the assets to play a central role in building the energy system of tomorrow.”