ENGIE H1 2022 Financial Results

Business highlights

Financial performance

• ENGIE playing an active role to ensure energy security of supply and support customers with energy affordability
• Exposure to Russian gas substantially reduced
• Continued momentum on execution of strategic plan towards simplification and growth
• Further growth in Renewables with 2.2 GW added reaching over 36 GW worldwide
• Sale of EQUANS on track for completion in H2 2022
• Discussions started with the Belgian State under clear risk-reward framework to assess the potential feasibility and terms for life extension of 2 nuclear reactors

• EBIT up 73% organically, with growth across most activities
• Improved Cash Flow From Operations¹, supported by higher operating cash flow, positive margin calls effect, €0.7bn monetization of French gas tariff shield
• Contribution to profit sharing mechanisms for Belgian Nuclear and French hydro of €467m
• Strong balance sheet and liquidity framework maintained, net financial debt at €26.3bn, up €1.0bn
• Performance benefiting from strength of integrated business model, FY 2022 NRIgs² guidance³ unchanged in the range of €3.8-4.4bn