ENGIE FY 2022 Financial results

Business highlights

Financial performance

• Leading role played by ENGIE to support security of supply in Europe
• Continued contribution to public policy measures through Working Capital support, extraordinary taxes and dedicated customer actions
• Major progress on simplification with €11.0bn disposals signed or closed
• €5.5bn growth Capex, primarily in Renewables, Networks and Energy Solutions
• Acceleration in Renewables with +3.9 GW of capacity added in 2022, taking total installed capacity to c. 38 GW
• Further progress on coal exit, coal represents 2.6% of centralised generation capacity

• 2022 guidance achieved with continuing NRIgs of €5.2bn
• EBIT of €9.0bn, up 43% organically, with growth across most activities. Key contribution from GEMS and Thermal in unprecedented market conditions as well as from new capacity additions for Renewables
• Impact of windfall profit taxes of €0.9bn in 2022, mainly in Belgium and Italy, in addition to existing Government profit sharing mechanisms in Belgium and France (nuclear and hydro) of €1.1bn
• Strong balance sheet and high liquidity with improvement in credit ratios
• Improved Cash Flow From Operations¹, despite Working Capital headwinds due to energy prices
• Net financial debt at €24.1bn, down €1.3bn.
• 2022 proposed dividend of €1.40 per share