ENGIE 9M 2023 results

Business highlights

Financial performance

• Record level of renewable assets under construction at the end of September at 7.6 GW
• Confirmation of the target of 4 GW of additional capacity on average per year between 2023 and 2025
• Acceleration in battery storage following the acquisition of Broad Reach Power in the United States
• Strengthening of biomethane platform in Europe with the acquisition of Ixora Energy in the United Kingdom
• Good progress on LTO project, on track to sign related agreements with Belgian Government in Q4

• EBIT of €8.0bn excluding Nuclear, up 28% organically, driven mainly by GEMS and Renewables
• Strong growth in CFFO¹ driven by improvement in Working Capital Requirements and higher EBITDA
• Growth capex up 27% to €4.6 billion
• Solid balance sheet with economic net debt to EBITDA ratio at 2.8x
• Net financial debt at €24.6bn, up €0.5bn, economic net debt up €3.1bn to €41.9bn
• FY 2023 guidance upgraded, with NRIgs² expected in the range of €5.1-5.7bn. Dividend policy reaffirmed