ENGIE Q1 2023 Financial information

Strong operational and financial performance

FY 2023 guidance confirmed

Business highlights

Financial performance

Continued favorable energy market conditions
Renewables future growth assured with
5.5 GW of projects under construction
Target of 4 GW on average of added capacity between 2023-2025 on track
1 GW of Battery Energy Storage Systems (BESS) under construction, a crucial asset to provide flexibility to energy markets

EBIT of €3.8bn excluding Nuclear, up 29% organically, driven mainly by GEMS and Renewables
Strong balance sheet and high liquidity with improvement in credit ratios
Increased Cash Flow From Operations¹ driven by EBITDA growth and improvement in Working Capital Requirements
Net financial debt decreasing to €22.6bn, down €1.4bn
FY 2023 guidance confirmed, with NRIgs² expected in the upper end of the range of €3.4-4.0bn

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

² Net recurring income Group share

Media kit

11 May 2023

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