ENGIE Q1 2023 Financial information

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