ENGIE FY 2022 Financial results

February 21, 2023

Finance

Significant progress on execution of strategic plan

Strong financial and operational performance

Proposal to pay a dividend of €1.40 per share for 2022

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

¹ Cash Flow From Operations: Free Cash Flow before maintenance Capex and nuclear phase-out expenses

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