ENGIE FY 2023 results

Business highlights

Financial performance

• High pace of growth in Renewables with 3.9 GW of additional installed capacity in 2023 reaching a total of 41.4 GW
• Acceleration in battery storage with the acquisition of BRP in the United States and the commissioning of Hazelwood in Australia
• Visibility reinforced on the contribution of Networks in France
• Continued progress in Net Zero 2045 trajectory with a 54% reduction vs. 2017 in GHG emissions from energy production to 52Mt in 2023
• Signature of the final agreement on Belgian nuclear, thereby fundamentally de-risking the Group

• Guidance 2023 achieved with NRIgs of €5.4 billion
• EBIT excluding nuclear of €9.5 billion, an organic increase of 18%, driven mainly by GEMS and Renewables
• Cash Flow From Operations¹ sharply up by €5 billion supported by improvement in working capital
• Growth capex² up 48% to €8.1 billion
• Solid balance sheet with economic net debt to EBITDA at 3.1x
• Net financial debt at €29.5bn, up €5.4bn, economic net debt at €46.5bn, up €7.7bn
• 2024 NRIgs expected in the range of €4.2 to €4.8 billion.
• Proposed dividend of €1.43 per share for 2023, corresponding to a pay-out ratio of 65%