ENGIE Q1 2022 Financial information

Business highlights

Financial performance

• Multiple actions across the gas value chain to ensure security of gas supply
• ENGIE’s European gas hedging positions optimised to minimise risk in the event of supply disruption
• Continued progress on strategic plan towards simplification and growth, with €0.8bn disposals completed in 3 months
• Accelerating Renewables development with c. 4 GW capacity to be added in 2022
• Eolia acquisition completed
• EQUANS disposal process on track

• Significant growth in EBIT, up 76% organically in the context of unprecedented levels of volatility and higher prices
• Negative Cash Flow From Operations, due to working capital variations, more than offsetting higher operating cash flows
• Net financial debt at €27.3bn, up €2.0bn
• Reinforced risk management and liquidity framework strengthened
• Strong balance sheet, a competitive advantage in the current environment
• FY 2022 guidance upgraded, with NRIgs expected in the range of €3.8-4.4bn