ENGIE DATABOOK H1 2020 RESULTS

July 31st, 2020

PAGE

Group Generation capacities

3

GBL analysis

5

Matrix by reportable segment and business lines (Revenues, Ebidta, COI, Capex)

5

KPI by global business line

10

Reportable segments

18

France

18

Rest of Europe

21

Latin America

22

USA&Canada

23

Middle East, Asia & Africa

24

Others

25

Financial appendices

26

scope & forex

26

Balance sheet, P/L & cash flow statement

28

Profit & Loss details

32

Cash flow details

39

Credit

41

CSR

44

Disclaimer, ADR & Contracts

45

2

July 31st 2020

GROUP GENERATION CAPACITIES

As of 06/30/2020

At 100%

% consolidation(3)

Net ownership(4)

Installed

6%

4%4%

3%

0%

9%

98.3 GW

54%

20%

10%

5% 4%

3%

1%

62.3 GW

43%

9%

25%

11%

4% 4%

3%

1%

54.6 GW

47%

9%

21%

Low CO2 emissions 92% 100% Renewable(2) 28% 100%

Low CO2 emissions 91% 100% Renewable(2) 32% 100%

Low CO2 emissions 92% 100%

Renewable(2)

29% 100%

Under construction

31% 1%

5.5GW

68%

1%

41%

4.1 GW

58%

1%

41%

3.8 GW

57%

Natural gas

Hydro

Wind

Other RES

Solar

Nuclear

Coal

Other non-RES

  1. Excluding Client Solutions capacities
  2. Excluding pumped storage for hydro capacity
  3. % of consolidation for full consolidated and joint operations affiliates and % holding for equity consolidated companies
  4. ENGIE ownership

3

July 31st 2020

GROUP GENERATION CAPACITIES

As of 06/30/2020

GW @ 100%

96.8

+2.7 GW of new capacity added:

44% Renewables

71% International

+1.6

+0.8

+0.4

Renvico acquisiton

(France & Italy wind, 328 MW)

Fadhili

East Fork

Various Spain

(Saudi Arabia, gas, 1507 MW)

(wind, 169 MW)

(USA, wind, 196 MW)

Kadapa

Tonstad

Jumbo Hill

(India, Solar, 50 MW)

(wind, 151 MW)

(USA, wind, 161 MW)

Various France

(wind, 71 MW)

-1.2 GW closed or sold

(1.2)

0.0

Astoria

Tamaya closure

(USA, gas, 1150 MW)

(Chile, non-renewable, 100

MW)

Other capacity revisions in

various geographies

(Singapore + 412 MW)

(Chile ,Mexico Europe -318

MW)

62%

International

38%

Europe

92%

low CO2 emissions

28%

Renewables

98.3

12/31/2019

Americas

Africa/Asia

Europe & Others

Disposals

Closing/Decommissioning

06/30/2020

/Others

GW @

61.7

0.4

0.7

0.5

-0.5

-0.4

62.3

conso share(2)

  1. Excluding Client Solutions capacities
  2. % of consolidation for full consolidated and joint operations affiliates and % holding for equity consolidated companies

4

July 31st 2020

GBL ANALYSIS - Matrix by reportable segment and business lines

In €M

Client

Networks

Renewables

Thermal

Nuclear

Supply

Others(1)

Total

solutions

France

4,334

2,822

513

2,443

10,112

Rest of Europe

3,474

142

47

322

20

3,685

7,690

Latin America

137

348

571

841

396

2,294

USA & Canada

754

28

7

1,263

2,052

Middle East, Asia & Africa

247

70

67

379

394

1,158

Others

463

36

2,415

1,212

4,126

Total

9,409

3,383

1,263

1,550

20

10,595

1,212

27,433

In €M

Client

Networks

Renewables

Thermal

Nuclear

Supply

Others(1)

Total

solutions

France

4,769

2,968

535

2,858

11,131

Rest of Europe

3,820

163

47

404

28

4,250

8,712

Latin America

186

308

721

847

540

2,601

USA & Canada

534

31

12

1,260

258

2,095

Middle East, Asia & Africa

236

68

68

745

415

1,532

Others

401

3

-9

2,486

1,294

4,174

Total

9,945

3,507

1,406

1,999

28

11,808

1,552

30,245

(1) Including corporate, GTT, LNG activities in Noram and GEM

5

July 31st 2020

GBL ANALYSIS - Matrix by reportable segment and business lines

In €M

Client

Networks

Renewables

Thermal

Nuclear

Supply

Others(1)

Total

solutions

France

232

1,844

220

138

2,433

Rest of Europe

71

77

71

239

155

102

715

Latin America

12

218

391

305

23

948

USA & Canada

2

1

49

18

-12

2

59

Middle East, Asia & Africa

18

1

49

252

-33

287

Others

-98

-3

-25

-2

-58

221

35

Total

236

2,137

755

812

155

159

223

4,478

In €M

Client

Networks

Renewables

Thermal

Nuclear

Supply

Others(1)

Total

solutions

France

436

1,908

195

224

2,763

Rest of Europe

251

103

61

197

17

165

793

Latin America

18

168

505

351

27

1,069

USA & Canada

-14

1

22

14

10

41

74

Middle East, Asia & Africa

10

12

51

361

-8

426

Others

67

-3

-21

-20

61

112

196

Total

770

2,188

812

902

17

479

153

5,321

(1) Including corporate, GTT, LNG activities in Noram and GEM

6

July 31st 2020

GBL ANALYSIS - Matrix by reportable segment and business lines

In €M

Client

Networks

Renewables

Thermal

Nuclear

Supply

Others(1)

Total

solutions

France

40

1,027

104

68

1,239

Rest of Europe

-45

56

44

160

-107

61

168

Latin America

-1

185

311

179

22

696

USA & Canada

-20

1

34

16

-33

2

1

Middle East, Asia & Africa

8

43

236

-44

243

Others

-124

-3

-25

-2

-70

47

-179

Total

-142

1,266

512

588

-107

3

49

2,169

In €M

Client

Networks

Renewables

Thermal

Nuclear

Supply

Others(1)

Total

solutions

France

246

1,129

80

155

1,610

Rest of Europe

141

82

33

119

-216

133

291

Latin America

4

140

414

236

27

820

USA & Canada

-27

1

13

8

-6

33

22

Middle East, Asia & Africa

3

11

41

340

-17

378

Others

47

-3

-22

-20

49

-36

15

Total

414

1,359

559

682

-216

340

-3

3,135

(1) Including corporate, GTT, LNG activities in Noram and GEM

7

July 31st 2020

GBL ANALYSIS - Matrix by reportable segment and business lines

In €M

Client

Networks

Renewables

Thermal

Nuclear

Supply

Others(3)

Total

solutions

France

121

779

91

49

1,040

Rest of Europe

92

46

152

37

48

51

427

Latin America

6

209

409

48

671

USA & Canada

227

459

1

36

723

Middle East, Asia & Africa

11

2

-256

-67

32

-278

Others

43

211

15

190

458

Total

499

1,036

1,066

20

48

183

190

3,041

In €M

Client

Networks

Renewables

Thermal

Nuclear

Supply

Others(3)

Total

solutions

France

234

725

284

74

1,317

Rest of Europe

249

36

32

79

397

38

832

Latin America

21

1,570

418

194

3

2,206

USA & Canada

70

401

6

30

508

Middle East, Asia & Africa

66

3

187

14

28

299

Others

127

50

22

177

376

Total

768

2,334

1,373

294

397

195

177

5,537

  1. DBSO: Develop, Build, Share and Operate
  2. Pro forma figures, unaudited
  3. Including corporate, GTT, LNG activities in Noram and GEM

8

July 31st 2020

FINANCIAL APPENDICES - Profit & Loss details

In €M

Client

Networks

Renewables

Thermal

Nuclear

Supply

Others(2)

Total

solutions

France

2

4

20

-1

25

Rest of Europe

1

13

9

58

5

85

Latin America

103

-7

1

98

USA & Canada

1

19

18

37

Middle East, Asia & Africa

22

-3

10

129

158

Others

-93

1

11

-81

Total

-69

119

52

204

5

11

321

In €M

Client

Networks

Renewables

Thermal

Nuclear

Supply

Others(2)

Total

solutions

France

1

4

7

-1

12

Rest of Europe

1

14

12

15

1

42

Latin America

3

-18

3

2

-10

USA & Canada

-3

1

13

14

24

Middle East, Asia & Africa

18

9

125

151

Others

30

-3

1

-2

26

Total

47

31

9

157

3

-2

245

  1. Pro forma figures, unaudited
  2. Including corporate, GTT, LNG activities in Noram and GEM

9

July 31st 2020

GBL ANALYSIS - KPI by global business line

Client solutions

Asset-light services

Asset-based services

Project

H1 2019 Dec. 2019

H1 2020

Backlog cumulated installation - TO (€bn)

10.6

10.7

12.2

Order Intake Installation - TO (€bn)

6.2

n/a

6.1

DHC

H1 2019

H1 2020

Heat & Cool - Net Installed capacity (GW)(2)

13.8

14.2

Recurring services

Onsite power generation (Thermal & Renewables)

Cumul, Net commercial develop.(1) (€bn)

1.9

n/a

0.9

Net installed capacity (MW)(2)

1,761

1,807

  1. Cumulated impact of gross development, minus lost portfolio contracts and plus or minus the net impact of the renegociated contracts (positive if growth, negative if downsizing), KPI can be volatile depending on the duration of the new contract signed
  2. at 100%

10

July 31st 2020

GBL ANALYSIS - KPI by global business line

Networks

Supply

Gas Distribution

H1 2019

H1 2020

RAB France 01/01 (€bn)

14.6

14.8

France Return on RAB (%)

5.00%

5.00%

France Volume distributed (1) (TWh)

165

161

International Volumes distributed (TWh)

75,9

67.7

Gas Transport

RAB France 01/01 (€bn)

8.9

8.9

France Return on RAB (%) (2)

5.25%

4.25%

France Volume transported (TWh)

388.5

362.8

International - Volume transported (TWh)

37.3

109.3

Gas Storage

RAB France 01/01 (€bn)

3.7

3.7

France Return on RAB (%) (2)

5.75%

4.75%

France - Capacity Sold (TWh)

95.5

95.7

International - Capacity sold (TWh)

22.1

22.7

Regasification

RAB France 01/01 (€bn)

1.0

1.0

France Return on RAB (%)

7.25%

7.25%

Subscribed volume (TWh)

115.1

124

Power Network

Power Network length @100% (km)

3,248

3,248

  1. Average temperature, new climate reference
  2. New return as of April 1st 2020

Gas

H1 2019

H1 2020

B2B - Gas sold (Twh)

99

114

B2C - Gas sold (Twh)

83

72

Power

B2B - Power sold (Twh)

74

75

B2C - Power sold (Twh)

18

18

# of contracts

B2C - Gas Nb of Customers (m#)

13.4

13.1

B2C - Power Nb of Customers (m#)

8.3

8.5

B2C - Nb of Service Recurrent Customers (m#)

2.9

3.3

11

July 31st 2020

GBL ANALYSIS - KPI by global business line

H1 Impact on gas sales and distribution

Supply Networks

Estimates,

France

Infrastructures

Total weather

H1 2020

Supply: -7.5TWh - Networks: -17.2 TWh

B2C/B2B

France

Q1

Q2

in €M

adjustment

Gas sales

GRDF

H1 2019

-7

-11

-18

EBITDA

H1 2020

-82

-131

-213

/COI(1)

∆ 20/19

-75

-120

-195

H1 2019

- 5

-7

-12

Net income H1 2020

-55

-89

-145

∆ 20/19

-51

-82

-133

EBITDA / COI(1) SENSITIVITY

Cooler

Supply: ~±€10M / TWh

Average climate

Networks: ~±€7M / TWh

Warmer

(1) Current operating income, incl. share in net income of entities accounted for using the equity method

-1.7

-4.0

-6.5

-14.8

H1 2019

Supply: -0.7TWh - Networks: -1.6 TWh

Q1

Q2

+5.1

+2.5

-3.2

-7.7

12

July 31st 2020

GBL ANALYSIS - KPI by global business line

Footnote hydro and biomass

Installed capacity by geography

Renewables

Total installed capacities @100% (GW) o/w

H1 2019

H1 2020

Hydro (GW)

16.2

16.2

Wind onshore (GW)

6.3

8.5

Solar (GW)

2.1

2.6

Other (GW)

0.2

0.3

Total installed capacities net ownership (GW)

Capa commissioned @100% (GW)

1.5

0.9

Capa under contruction @100% (GW)

5.3

5.5

DBSO Margins

16

6

CNR - Production (TWh)

7.2

7.9

CNR - Achieved prices (€/MWh)

41.0

42.8

Brazil - GSF (%)

121%

92%

Brazil - PLD (BRL/MWh)

207.8

132

  1. Excluding hydro capacities managed by Thermal business line (mainly pumped storage) and client solutions capacities
  2. % of consolidation for full and joint operations affiliates and % holding for equity consolidated companies
  3. ENGIE ownership

At 100%

9%

1%

27.5 GW

59%

31%

installed

At % consolidation(2)

9%

1%

29% 19.8 GW

installed 61%

Net ownership(3)

11%

1%55%

32% 15.3 GW

installed

Hydro Wind Other RES

13

in MW

Hydro

Wind

Other

Solar

RES

EUROPE

3,958

5,005

-

1,096

NORTH AMERICA

-

1,522

73

72

LATIN AMERICA

12,202

1,001

99

664

MIDDLE EAST,

-

670

-

118

TURKEY & AFRICA

ASIA

-

137

85

606

OCEANIA

-

165

-

-

TOTAL

16,159

8,499

257

2,556

in MW

Hydro

Wind

Other

Solar

RES

EUROPE

3,902

3174

-

471

NORTH AMERICA

-

977

73

60

LATIN AMERICA

8,241

975

89

601

MIDDLE EAST,

-

302

-

52

TURKEY & AFRICA

ASIA

-

63

30

606

OCEANIA

-

165

-

-

TOTAL

12,143

5,656

192

1,790

in MW

Hydro

Wind

Other

Solar

RES

EUROPE

2,364

2,787

-

441

NORTH AMERICA

-

977

67

60

LATIN AMERICA

6,123

693

61

549

MIDDLE EAST,

-

302

-

52

TURKEY & AFRICA

ASIA

-

63

30

606

OCEANIA

-

119

-

-

TOTAL

8,487

4,941

158

1,708

Solar

July 31st 2020

GBL ANALYSIS - KPI by global business line

As of 06/30/2020, in % of consolidation

Installed capacity(1) - in MW

Electricity output(1) - in GWh

Hydro

Wind

Solar

Other RES

TOTAL

Hydro

Wind

Solar

Other RES

TOTAL

FRANCE

3,832

1,741

398

-

5,970

8,920

2,030

217

-

11,166

REST OF EUROPE

70

1,434

74

-

1,578

202

1,544

48

-

1,794

Benelux

-

310

32

-

342

-

416

14

-

430

Rest of Europe

70

1,124

42

-

1,236

202

1,128

35

-

1,364

LATIN AMERICA

8,241

975

601

89

9,906

12,107

1,333

413

216

14,069

Brazil

7,942

901

292

89

9,225

11,285

1,245

240

216

12,986

Chile

44

48

55

-

147

34

31

62

-

128

Mexico

-

26

213

-

239

-

56

65

-

121

Peru

255

-

41

-

295

788

-

46

-

834

USA & CANADA

-

977

60

73

1,110

-

1,578

56

222

1,864

MIDDLE EAST, ASIA & AFRICA

-

365

658

30

1,053

-

839

679

125

1,643

Middle East, South

-

-

-

-

-

-

-

-

-

-

and Central Asia and Turkey

Asia - Pacific

-

228

606

30

863

-

285

676

125

1,085

Africa

-

302

52

-

354

-

554

4

558

TOTAL

12,143

5,656

1,790

192

19,781

21,229

7,323

1,413

563

30,537

(1) Excluding hydro managed by Thermal business line (mainly pumped storage) and client solutions capacities and output

14

July 31st 2020

GBL ANALYSIS - KPI by global business line

As of 06/30/2020, at 100%

In MW

Country

2020

2021

2022

TOTAL

WIND OFF SHORE

8

487

953

1,448

o/w

Moray East

UK

-

-

953

953

Seamade Seastar 1

Belgium

-

487

-

487

Others

8

-

-

8

WIND ON SHORE

1,603

652

-

2,255

o/w

Campo Largo

Brasil

109

252

-

361

Prairie Hill

USA

300

-

-

300

Triple H

USA

250

-

-

250

King Plains

USA

248

-

-

248

Las Lomas

USA

202

-

-

202

Vivid Solaire

India

100

100

-

200

Dakota Range III

USA

151

-

-

151

Calama

Chile

-

151

-

151

Eolica Tres Mesas

Mexico

101

-

-

101

Others

142

149

-

291

SOLAR

864

811

1,675

o/w

Longdraw

USA

225

-

-

225

Tamaya & Capricornio

Chile

-

202

-

202

Anson Solar

USA

200

-

-

200

Nueva Xcala

Mexico

-

200

-

200

Electro Solaire

India

-

200

-

200

Engie Green France

France

42

104

-

146

AKIN 1

Mexico

100

-

-

100

ABRIL

Mexico

99

-

-

99

Scaling Solar Kael & Kaho

Senegal

60

-

-

60

Bluestone Farms Solar

USA

50

-

-

50

Others

88

105

-

193

OTHER RES

-

91

-

91

Rantau Dedap - Indonesia

-

91

-

91

TOTAL

2,476

2,041

953

5,470

(1) Excluding Client Solutions capacities

15

July 31st 2020

GBL ANALYSIS - KPI by global business line

Thermal

Nuclear

Capacities @100% (GW)

H1 2019

H1 2020

Installed contracted capacities (GW)

39.2

39.3

Installed merchant capacities (GW)

26.6

23.7

Production @100% (TWh)

Contracted

99.0

95.3

Merchant

27.9

26.9

H1 2019

H1 2020

Installed capacities @100% (GW)

6.2

6.2

Production Total @ conso Share (TWh)

20.1

18.9

Belgium (TWh) @100%

19.3

17.1

France (TWh) @100%

3.5

3.5

Drawing rights (TWh) @ 100%

-2.7

-1.7

Availability Belgium (%) @100%

75%

66%

Nuke Achieved Price BE (€/MWh)

36

38

16

July 31st 2020

GBL ANALYSIS - KPI by global business line

As of 06/30/2020, in % of consolidation

Total capacity(1) - in MW

Natural gas

Hydro(2)

Nuclear

Coal

Other Thermal(2)

TOTAL

REST OF EUROPE(4)

11,712

3,410

6,163

162

1,329

22,775

Benelux

-

-

6,163

-

-

6,163

Other Rest of Europe

11,712

3,410

-

162

1,329

16,613

LATIN AMERICA

1,806

-

-

2,439

1,218

5,463

Brazil

-

-

-

1,097

-

1,097

Chile

629

-

-

1,218

54

1,901

Mexico

260

-

-

-

-

260

Peru

917

-

-

125

1,164

2,205

USA & CANADA

672

-

-

-

-

672

MIDDLE EAST, ASIA & AFRICA

11,726

-

-

438

381

12,545

Middle East, South

9,929

-

-

-

-

9,929

and Central Asia and Turkey

Asia - Pacific

1,797

-

-

-

-

1,797

Africa

-

-

-

438

381

819

TOTAL

25,915

3,410

6,163

3,038

2,928

41,455

  1. Excluding Client Solutions capacities / output
  2. Biomass included
  3. Pumped storage (plus 143 MW of other hydro capacities managed by BU Generation Europe)
  4. All Thermal assets of BU Generation Europe are classified within Rest of Europe

17

Electricity output(1) - in GWh

Natural gas

Hydro(3)

Nuclear

Coal

Other Thermal(2)

TOTAL

15,208

1,199

18,726

31

1,778

37,092

-

-

18,876

-

-

18,876

15,208

1,199

-

31

1,778

18,216

3,838

-

-

4,422

34

8,294

-

-

-

2,119

9

2,128

1,239

-

-

2,303

25

3,567

876

-

-

-

-

876

1,723

-

-

-

1

1,723

2,197

-

-

-

-

2,197

26,523

-

-

1,436

234

28,194

23,470

-

-

-

22

23,492

3,053

-

-

-

73

3,127

-

-

-

1,436

139

1,575

47,766

1,199

18,876

5,889

2,047

75,777

July 31st 2020

REPORTABLE SEGMENTS - France

COI H1 2020 vs H1 2019 (€M)

-9

-102

-260

1,610

1,601

-23%

1,239

France excl.

212

Infrastructures

1,027

France

Infrastructures

H1 2019

Scope

France

France

H1 2020

& Forex

Infrastructures

excl.

Infrastructures

Other KFIs (€M)

H1 2019

H1 2020

20/19

org

Revenues

11,131

10,112

-9.2%

-11.0%

COI including share in Net Income of Associates

1,610

1,239

-23.0%

-22.8%

Gross CAPEX(1)

1,317

1,040

Capital Employed(2)

27,329

27,186

  1. Net of DBSO partial sell-downs
  2. End of Period

18

July 31st 2020

REPORTABLE SEGMENTS - France

COI H1 2020 vs H1 2019 (€M)

-10

+42

482

472

-215

212

Supply

68

-87

-57%

105

Renewables

Client

40

solutions

H1 2019

Scope

Client

Renewables Supply

H1 2020

Solutions

  • Scope: Renewables France disposals, Client Solutions acquisitions
  • Client Solutions: Covid-19 impact in Projects and Recurring Services, and negative climate/price effect
  • Renewables: higher hydro generation and better Wind & Solar production
  • Supply: Negative climate and Covid-19 impacts

Lean 2021

Other KFIs (€M)

H1 2019

H1 2020

20/19

org

Revenues

8,161

7,284

-10.8%

-13.2%

COI including share in Net Income of Associates

482

212

-56.0%

-57.1%

Gross Capex(3)

558

253

Capital Employed(4)

7,157

7,528

(1)

Excluding Giants sales

(2)

At 100%

(3)

Net of DBSO partial sell-downs

(4)

End of Period

KPIs

H1 2019

H1 2020

Electricity sales(1) (TWh)

20.4

21.6

Gas sales(1) (TWh)

51.2

43.3

Renewable - Installed capacity2) (GW)

7.0

7.4

Renewable - Electricity production(2) (TWh)

11.0

12.6

CNR achieved price (€/MWh)

41.0

42.8

CNR hydro production (TWh)

7.2

7.9

Services - Net commercial development (€M/y)

60

53

Installations - Backlog (€M)

4,995

5,684

19

July 31st 2020

REPORTABLE SEGMENTS - France

COI H1 2020 vs H1 2019 (€M)

+46

1,027

+3

164

Storengy

-147

-3

125

Elengy

38

1,128

1,128

572

GRDF

292

GRTgaz

H1 2019

Scope

GRTgaz

GRDF

Elengy

Storengy H1 2020

Other KFIs (€M)

H1 2019

H1 2020

20/19

org

Revenues

2,969

2,828

-4.7%

-4.8%

COI including share in Net Income of Associates

1,128

1,027

-8.9%

-9.0%

Gross Capex(2)

759

787

Capital Employed(3)

20,172

19,658

  1. Regulated Asset Base as of 01/01
  2. Net of DBSO partial sell-downs
  3. End of Period
  • Tariffs & regulation: annual revision for distribution (+0.5% on July 1, 2019) and transmission (+4.6% on April 1, 2019)
  • Transmission: 363 TWh transported vs 389 TWh in H1 '19
  • Distribution: warm temperature (-17 TWh). Covid-19 impacting volumes and Opex. Over 5.6 million Gazpar smart meters implemented, 145 biomethane sites connected
  • Storage: auction campaign successful ; Commercial operation for all UK caverns

Lean 2021

KPIs

H1 2019

H1 2020

Gas distributed (TWh)

163.3

142.0

Distribution RAB(1) (€bn)

14.6

14.8

Transmission RAB(1) (€bn)

8.9

8.8

LNG Terminals RAB(1) (€bn)

1.0

0,9

Storage RAB(1) (€bn)

3.7

3.9

Temperature effect (TWh)

-1.6(2)

-18.7

20

July 31st 2020

REPORTABLE SEGMENTS - Rest of Europe

Negative temperature and COVID effects on Client Solutions and Supply activities partly offset by better performance in thermal and nuclear generation

COI H1 2020 vs H1 2019 (€M)

-15

+109

190

168

291

277

+63

-72

160

Thermal

61

Supply

Networks

-184

+2

56

RES

-27

44

-45

Client

-127

Solutions

Nuke

H1 2019

Scope

Cl. Sol.

Netw.

RES

Therm.

Nuke

Supply

H1 2020

& Forex

  • Client Solutions: Negative Covid-19 impacts in projects and recurring services
  • Networks : Negative climate and lower remuneration rate in Romania
  • Thermal: higher capacity revenues & trading in the UK, Tirreno Power (Italy) performance and favorable spreads
  • Nuclear: higher achieved prices
  • Supply: negative climate effects and Covid-19 impacts mainly due to lower B2B volumes

Lean 2021

Other KFIs (€M)

H1 2019

H1 2020

20/19

org

Revenues

8,712

7,690

-11.7%

-9.8%

COI including share in Net Income of Associates

291

168

-42.2%

-40.5%

Gross Capex(3)

832

427

Capital Employed(4)

1,805

1,006

(1)

Excludes Giants sales & contributive Group

(2)

At 100%

(3)

Net of DBSO partial sell-downs

(4)

End of Period

KPIs

H1 2019

H1 2020

Electricity sales(1) (TWh)

47.6

36.4

Gas sales(1) (TWh)

66.4

65.6

Renewable - Electricity production(2) (TWh)

2.0

2.6

Nuclear - Electricity production(2) (Engie share, TWh)

19.3

17.1

Thermal - Electricity production(2) (TWh)

21.5

21.0

Nuclear- plants availability (Belgium @100%)

75.0%

65.8%

Outright nuclear achieved price (€/MWh)

35.5

38.4

Romania - Gas distributed (TWh)

26.7

24.9

21

July 31st 2020

REPORTABLE SEGMENTS - Latin America

TAG positive scope effect offset by the negative impacts of forex BRL/EUR, positive '19 LD's in Chile, lower thermal COI in Peru

COI H1 2020 vs H1 2019 (€M)

+12

696

-15

Mexico

-75

-28

-18

71

& Others

72

Peru

122

Chile

820

805

-15%

431 Brazil

H1 2019

Forex

Brazil

Chile

Peru

Mexico H1 2020

& Scope

& Others

  • FX & Scope: acquisition of TAG offset by negative FX on
    BRL
  • Brazil: lower PLD(5) and demand offset by COD in onshore Wind and price indexation of contracts
  • Chile: mainly positive one-off in 2019 related to IEM plant delay Liquidated Damages
  • Peru: lower power demand and PPA contracts renewed at lower prices

Lean 2021

Other KFIs (€M)

H1 2019

H1 2020

20/19

org

Revenues

2,601

2,294

-11.8%

-1.7%

COI including share in Net Income of Associates

820

-15.1%

-15.0%

696

Gross Capex(3)

2,206

641

Capital Employed(4)

11,462

9,733

  1. Sales figures are consolidated according to accounting standards
  2. At 100%
  3. Net of DBSO partial sell-downs
  4. End of Period
  5. PLD = spot price

KPIs

H1 2019

H1 2020

Electricity sales(1) (TWh)

32.9

34,3

Gas sales(1) (TWh)

21.4

21.8

Electricity production(2) (TWh)

39.3

30.5

Latam: Gas volume transported (MGJ)

73

71

Brazil - Average PLD(5) price (BRL/MWh)

208

132

Brazil - GSF (%)

120.8

98.4

22

July 31st 2020

REPORTABLE SEGMENTS - USA & Canada

Organic variance impacted by difficulties in Supply activities and termination of an LNG contract

COI H1 2020 vs H1 2019 (€M)

+7

+22

+16

-7

-60

RES (+34)

38

22

Thermal (+16)

-172%

Client Sol. (-20)

Supply &

1

Others (-30)

H1 2019 Scope &

Client

RES

Thermal Supply & H1 2020

Forex

Solutions

Others

  • Scope: mainly acquisition of Conti (Client Solutions US)
  • Client Solutions: performance on services activities affected by Covid-19
  • Renewables: contributions from new wind projects commissioned in 2019 and H1 2020
  • Thermal: mainly lower costs and amortization
  • Supply & others : Covid impact and '19 one offs in supply activities, and termination of a LNG contract

Lean 2021

Other KFIs (€M)

H1 2019

H1 2020

20/19

org

Revenues

2,095

2,052

-2.0%

-15.9%

COI including share in Net Income of Associates

22

1

-97.6%

-171.6%

Gross Capex(3)

508

723

Capital Employed(4)

3,550

4,016

KPIs

H1 2019

H1 2020

Electricity sales(1) (TWh)

19.5

19.6

Installed capacity(2) (GW)

3.7

3.2

Renewable - Installed capacity(2) (GW)

1.1

1.7

Electricity production(2) (TWh)

8.1

7.8

Retail - B2B Power volumes (TWh)

19.9

20.2

  1. Sales figures are consolidated according to accounting standards
  2. At 100%
  3. Net of DBSO partial sell-downs
  4. End of Period

23

July 31st 2020

REPORTABLE SEGMENTS - Middle-East, Africa & Asia

COI H1 2020 vs H1 2019 (€M)

  • Scope: mainly Glow disposal on March 14, 2019
  • MESCAT: Positive one-offs in 2019, Baymina (CCGT, Turkey) mothballed in 2020, partly offset by one Indian Solar park COD, increased results from Tabreed (District heating and cooling Middle East) and Fadhili (CCGT, Saudi Arabia)

-83

-3

-17

-31

133243

378

295

-17%

232

MESCAT

20 -9

Asia - Pacific

Africa

H1 2019

Scope

MESCAT

Africa

Asia -

H1 2020

& FX

Pacific

settlement

  • Africa: Lower results in Supply (Fenix) and positive '19 one offs in Thermal (Safi liquidated damages)
  • APAC: lower results in Supply due to mild-weather
    in Q1 2020 and lower margins in B2B, lower performance in Thermal with lower volumes and prices in Australia

Lean 2021

Other KFIs (€M)

KPIs

H1 2019

H1 2020

20/19

org

Revenues

1,532

1,158

-24.4%

-8.2%

COI including share in Net Income of Associates

378

-35.7%

-17.2%

243

Gross Capex(4)

299

-278

Capital Employed(5)

3,633

3,210

  1. Sales figures are consolidated according to accounting standards
  2. At 100%
  3. Million Imperial Gallons per Day - installed capacity at 100%
  4. Net of DBSO partial sell-downs
  5. End of Period

H1 2019

H1 2020

Electricity sales(1) (TWh)

8.9

7.4

Gas distributed (TWh)

5.2

5.7

Installed capacity(2) (GW)

41.9

39.2

Electricity production(2) (TWh)

95.0

90.9

Middle-East - Water desalination capacity (MIGD)(3)

1 225

1 225

24

July 31st 2020

REPORTABLE SEGMENTS - OTHERS

COI H1 2020 vs H1 2019 (€M)

+65

15

6

+30

-7

-8

-114

-179

-159

H1 2019 Scope

GEM Tractebel GTT

E&C

Others(1) H1 2020

& Forex

Other KFIs (€M)

H1 2019

H1 2020

20/19

org

Revenues

4,174

4,126

-1.2%

-1.5%

COI including share in Net Income of Associates

15

-179

NA

NA

Gross Capex

376

458

Capital Employed(2)

6,546

6,535

  1. Including Corporate, GBS, Innovation & New Businesses and SUEZ
  2. End of Period

25

  • GEM: Performance of market activities in Europe and Asia, notwithstanding significant Covid-19 impact
  • Tractebel: Lower activities in Europe
  • GTT : 4 orders received in Q1; activities not impacted so far by Covid-19
  • E&C: negative climate effects and Covid-19 impacts with lower volumes
  • Others: Suez (Covid-19,-€130M), Engie Impact and new businesses

Lean 2021

KPIs

H1 2019

H1 2020

GEM - Gas sales (TWh)

23.4

33.8

GEM - Electricity sales (TWh)

10.6

13.4

E&C - Gas sales (TWh)

21.5

18.3

E&C - Electricity sales (TWh)

14.4

13.9

Tractebel Engineering - Backlog (€M)

813

742

July 31st 2020

FINANCIAL APPENDICES - Scope & Forex

Aquisitions

Certinergy - France (FRANCE) - Full consolidation since 01/24/2019

CN solutions - France (FRANCE) - Full consolidation since 01/24/2019

ENDEL SRA - France (FRANCE) - Full consolidation since 02/01/2019

OTTO Luft & Klimatechnik GmbH - Germany (REST OF EUROPE) - Full consolidation since 02/01/2019 Systecon - USA (USA & CANADA) - Full consolidation since 02/08/2019

RCS Engineering - Singapore (MIDDLE EAST, ASIA & AFRICA) - Full consolidation since 02/13/2019

Tiko - Switzerland (REST OF EUROPE) - Full consolidation since 03/01/2019

Conti Service Group - USA (USA & CANADA) - Full consolidation since 05/07/2019 Priora - Switzerland (REST OF EUROPE) - Full consolidation since 06/01/2019 TAG - Brazil (LATIN AMERICA) - Equity method since 13/06/2019

Pierre Guerin - France (FRANCE) - Full consolidation since 07/01/2019 Powerlines Group - Austria (FRANCE) - Full consolidation since 10/01/2019

Mobisol - Africa ((MIDDLE EAST, ASIA & AFRICA) - Full consolidation since 01/01/2020 University of IOWA partnership - USA (USA & CANADA) - Equity method since 03/20/2020

Disposals/partial disposals

Glow Group -Thailand (MIDDLE EAST, ASIA & AFRICA)

Full consolidation until 06/29/2018

Held for sale from 06/30/2018 to 03/14/2019

German & Dutch coal assets (REST OF EUROPE)

Full consolidation until 04/25/2019

Held for sale from 04/26/2019 to 11/29/2019

ENGIE Bioz (ex. Vol-V Biomasse) - France (FRANCE)

Full consolidation since 09/01/2019

Held for sale from 12/20/2019

Indian solar assets

Full consolidation until 01/16/2020

Held for sale from 01/17/22020

Renvico - France/Italy (FRANCE/REST OF EUROPE)

Full consolidation since 03/10/2020

Held for sale from 03/10/2020

Altiservice - France (FRANCE)

Sale from 04/18/2019

Astoria 1 & 2 partnership - USA (USA & CANADA)

Sale from 06/18/2020

26

July 31st 2020

FINANCIAL APPENDICES - Scope & Forex

H1 2020 EBITDA/COI Breakdown by currency

0.32 0.06

0.03

0.23

0.02

0.52

-0.02

FX

FX

51%

35%

EBITDA COI(1)

0.43

€4.5bn

0.65

H1 2020

H1 2020

€2.2bn

EUR

EUR

EUR

EUR

2.9

65%

49%

1.07

EUR

USD

BRL

GBP

AUD

Other

0.43

Impact of foreign exchange evolution

GBP

USD

BRL

AUD

In €M 20/19

GBP

USD

BRL

AUD

Others

TOTAL

REVENUES

-2

89

-219

-27

-95

-255

H1 2020 average(2) rate

1.14

0.91

0.18

0.60

EBITDA

-

17

-107

-4

-20

-113

H1 2019 average rate

1.14

0.89

0.23

0.62

Average rate

-0.1%

+2.5%

-19.9%

-4.6%

COI(1)

-

12

-88

-3

-15

-94

Closing rate(3) at 06/30/2020

1.10

0.89

0.16

0.61

TOTAL NET DEBT

-34

2

-602

-4

-28

-667

Closing rate at 12/31/2019

1.18

0.89

0.22

0.63

TOTAL EQUITY

136

-15

-61

5

-110

-46

Closing rate

-6.8%

+0.3%

-26.2%

-2.1%

  1. After share in net income of equity method entities
  2. The average rate applies to the income statement and to the cash flow statement
  3. The closing rate applies to the balance sheet

27

July 31st 2020

FINANCIAL APPENDICES - Balance sheet, P/L & cash flow statement

In €bn

ASSETS

06/30/2019

06/30/2020

NON CURRENT ASSETS

99.3

95.7

CURRENT ASSETS

60.5

59.5

of which cash & equivalents

10.5

13.3

TOTAL

159.8

155.2

LIABILITIES & EQUITY

06/30/2019

06/30/2020

Equity, Group share

33.1

30.8

Non-controlling interests

5.0

4.8

TOTAL EQUITY

38.0

35.6

Provisions

25.1

25.7

Financial debt

38.5

40.7

Other liabilities

58.1

53.2

TOTAL

159.8

155.2

H1 2020 Net Debt €25.1bn = Financial debt of €40.7bn - Cash & equivalents of €10.5bn - Other financial Assets of €2.0bn (incl. non-current assets) - Derivative instruments hedging items included in the debt of (€0.4bn)

28

July 31st 2020

FINANCIAL APPENDICES - Balance sheet, P/L & cash flow statement

Details of some financial assets as of 06/30/2020

Provisions as of 06/30/2020

Investments

Other financial assets

Others

in associates

  • joint ventures €8.2bn

Assets from contracts with customers €7.2bn

€9.2bn

Financial assets

€36.9bn

  • Equity instruments at fair value through equity
  • Equity instruments at fair value through income
  • Debt instruments at fair value through equity
  • Debt instruments at fair value through income
  • Loans and receivables at amortized cost

Trade and other receivables, net

€12.3bn

1.0

0.3

1.2

0.9

5.8

€2.3bn

Dismantling

Pensions

€7.3bn

€8.1bn

Total provisions

€25.7bn

Recycling and storage

  • site rehabilitation €8.0bn

29

July 31st 2020

FINANCIAL APPENDICES - Balance sheet, P/L & cash flow statement

In €M

H1 2019(1)

H1 2020

REVENUES

30,245

27,433

Purchases and operating derivatives

-20,484

-17,606

Personnel costs

-5,751

-5,858

Amortization, depreciation, and provisions

-2,126

-2,281

Taxes

-747

-632

Other operating income

763

536

Share in net income of equity method entities

276

209

CURRENT OPERATING INCOME INCLUDING OPERATING MTM & SHARE IN NET INCOME

2,177

1,800

OF EQUITY METHOD ENTITIES

Impairment, restructuring, disposals and others

1,220

-100

INCOME FROM OPERATING ACTIVITIES

3,397

1,700

Financial result

of which recurring cost of net debt of which cost of lease liabilities

of which non-recurring items included in financial income/(loss)

of which others

-719

-913

-337

-366

-22

-24

-112

-298

-249

-225

Income tax

-221

-431

Non-controlling interests

373

332

NET INCOME/(LOSS) GROUP SHARE

2,084

24

EBITDA

5,321

4,478

CURRENT OPERATING INCOME (COI)

3,135

2,169

(1) H1 2019 pro forma (Change in commodity derivatives presentation and COI excluding non recurring share in net income of equity method entities)

30

July 31st 2020

FINANCIAL APPENDICES - Balance sheet, P/L & cash flow statement

In €M

H1 2019

H1 2020

Gross cash flow before financial loss and income tax

5,202

4,190

Income tax paid (excl. income tax paid on disposals)

-205

-235

Change in operating working capital

-2,038

-733

CASH FLOW FROM (USED IN) OPERATING ACTIVITIES

2,959

3,221

Net tangible and intangible investments

-2,996

-2,467

Financial investments

-2,293

-475

Disposals and other investment flows

2,529

566

CASH FLOW FROM (USED IN) INVESTMENT ACTIVITIES

-2,759

-2,558

Dividends paid

-2,196

-264

Balance of reimbursement of debt/new debt

2,263

3,187

Net interests paid on financial activities

-349

-316

Capital increase/hybrid issues

-20

179

Other cash flows

-591

-530

CASH FLOW FROM (USED IN) FINANCIAL ACTIVITIES

-894

2,257

Impact of currency and other

-10

-338

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD

8,700

10,519

TOTAL CASH FLOWS FOR THE PERIOD

-705

2,763

CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD

7,995

13,282

31

July 31st 2020

FINANCIAL APPENDICES - Profit & Loss details

In €M

H1 2019(1)

H1 2020

EBITDA

5,321

4,478

of which share in net recurring income of equity method entitIies

245

321

Depreciation, amortization and others

-2,185

-2,309

CURRENT OPERATING INCOME

3,135

2,169

Financial result

-607

-615

of which recurring cost of net debt

-337

-366

of which cost of lease liabilities

-22

-24

of which others

-249

-225

Income tax

-630

-463

Non-controlling interests

-407

-345

NET RECURRING INCOME/(LOSS), GROUP SHARE

1,491

746

(1) H1 2019 pro forma (Change in commodity derivatives presentation and COI excluding non recurring share in net income of equity method entities)

32

July 31st 2020

FINANCIAL APPENDICES - Profit & Loss details

In €M

H1 2019(1)

H1 2020

FRANCE excl. infrastructures

-27

-55

FRANCE infrastructures

18

93

Total France

-10

38

REST OF EUROPE

-35

-75

LATIN AMERICA

-7

10

USA & CANADA

4

1

MIDDLE EAST, ASIA & AFRICA

-9

-12

OTHERS

85

52

TOTAL PROVISIONS

28

13

(1) H1 2019 pro forma (Change in commodity derivatives presentation and COI excluding non recurring share in net income of equity method entities)

33

July 31st 2020

FINANCIAL APPENDICES - Profit & Loss details

In €M

H1 2019(1)

H1 2020

CURRENT OPERATING INCOME (COI)

3,135

2,169

MtM

-989

-257

Non-recurring share in net income of equity method entities

31

-112

COI INCLUDING OPERATING MtM AND SHARE IN NET INCOME

2,177

1,800

OF EQUITY METHOD ENTITIES

Impairment

-242

-62

Restructuring costs

-77

-64

Asset disposals & others

1,540

27

INCOME FROM OPERATING ACTIVITIES

3,397

1,700

Financial result

-719

-913

Income tax

-221

-431

Non-controlling interests

-373

-332

NET INCOME GROUP SHARE

2,084

24

(1) H1 2019 pro forma (Change in commodity derivatives presentation and COI excluding non recurring share in net income of equity method entities)

34

July 31st 2020

FINANCIAL APPENDICES - Profit & Loss details

In €M

H1 2019(1)

H1 2020

NET INCOME GROUP SHARE

2,084

24

MtM commodities

989

257

Impairment

242

62

Restructuring costs

77

64

Asset disposals & others

(1,540)

(27)

Financial result (non-recurring items)

112

298

Share in net income of equity method entities

(31)

112

(non-recurring items)

Income tax on non-recurring items

(408)

(32)

Non-controlling interests on above items

(34)

(13)

NET RECURRING INCOME GROUP SHARE

1,491

746

(1) H1 2019 pro forma (Change in commodity derivatives presentation and COI excluding non recurring share in net income of equity method entities)

35

July 31st 2020

FINANCIAL APPENDICES - Profit & Loss details

In €M

H1 2019(1)

H1 2020

FRANCE excl. infrastructures

36

43

FRANCE infrastructures

42

51

Total France

78

94

REST OF EUROPE

63

44

LATIN AMERICA

176

131

USA & CANADA

5

6

MIDDLE EAST, ASIA & AFRICA

52

17

OTHERS

34

53

NON-CONTROLLING INTERESTS

407

345

(1) H1 2019 pro forma (Change in commodity derivatives presentation and COI excluding non recurring share in net income of equity method entities)

36

July 31st 2020

FINANCIAL APPENDICES - Profit & Loss details

In €M

H1 2019(1)

H1 2020

Consolidated income before tax and share

2,402

577

in equity method entities

Consolidated income tax

-221

-431

Effective tax rate

9.2%

74.6%

Recurring effective tax rate

37.6%

27.6%

(1) H1 2019 pro forma (Change in commodity derivatives presentation and COI excluding non recurring share in net income of equity method entities)

37

July 31st 2020

FINANCIAL APPENDICES - Profit & Loss details

In €M

H1 2019(1)

H1 2020

EBITDA

5,321

4,478

Restructuring costs cashed out

-162

-115

Provisions

-47

-105

Share in net income of equity method entities

-245

-321

Dividends and others

337

254

CASH GENERATED FROM OPERATIONS BEFORE INCOME TAX

5,202

4,190

AND WORKING CAPITAL REQUIREMENTS

(1) H1 2019 pro forma (Change in commodity derivatives presentation and COI excluding non recurring share in net income of equity method entities)

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July 31st 2020

FINANCIAL APPENDICES - Cash flow details

From EBITDA to Free Cash Flow(1)

4.5

4.2

(0.3)

(0.2)

(0.2)

3.0

Restructuring

Tax

(0.7)

2.0

& others

Net

cash expenses

financial expenses

WCR

(1.0)

Maintenance

Capex

H1 2020

Cash generated from operations before

H1 2020

H1 2020

EBITDA

income tax and working capital requirements

CFFO

FREE CASH FLOW

Free Cash Flow (1) generation from H1 2019 to H1 2020

(1.0)

1.3

0.1

0.0

Maintenance

2.0

1.6

Operating

(0.0)

WCR

Capex

cash flow

Tax cash

Net financial

expenses

expenses

H1 2019 FCF

H1 2020 FCF

(1) FCF = CFFO after maintenance capex

39

July 31st 2020

FINANCIAL APPENDICES - Cash flow details

€3.0bn

Financial 1.1

Development(1) 1.1

Renvico

~€0.2bn

Iowa university

~€0.2bn

Fosmax (Elengy)

~€0.2bn

Other investments

≤€0.1bn each

US Wind & Solar

~ €0.5bn

GRDF

~ €0.2bn

ENGIE Brasil (Campo Largo)

~ €0.1n

Solar park Mexico

~ €0.1bn

Engie Green (Wind & Solar)

~€0.1bn

EECL - New unit generation

~€0.1bn

Other investments

<€0.07bn each

Maintenance 1.0

Synatom -0.2(2)

  1. Net of DBSO proceeds and tax equity proceeds
  2. Of which 0.3bn investment in the nuclear funding and -0.5bn recovery of third-party loans

40

July 31st 2020

CREDIT

Bridge financial to economic net debt (€bn)

2019

2020

EBITDA 12 months rolling

10.4

9.5

IFRS FINANCIAL NET DEBT

25.9

25.1

IFRS FND / EBITDA

2.5x

2.6x

ARO provisions

15.2

15.4

Post-employment provisions (minus deferred tax assets) w/o

3.2

3.5

regulated subsidiaries

(-) Nuke dedicated assets

(3.2)

(2.8)

ECONOMIC NET DEBT

41.1

41.1

ECONOMIC NET DEBT / EBITDA

4.0x

4.3x

Economic Net Debt incorporates

additional commitments monitored

by the group, in line with rating agencies adjustments - although differences in definitions exist

41

July 31st 2020

CREDIT

FINANCIAL APPENDICES

Split of gross debt(1)

Excluding Leases(5)

Bank borrowings 4.5

Other borrowings 0.1

Drawn credit lines 0.2

€36.7bn

Bonds 26.7

NEU CP(3) / US CP 5.3

AVERAGE COST OF GROSS DEBT: 2.38% VS 2.70%

as of

12/31/2019

Debt maturity profile(2)

Other

Bank borrowings

Bonds

23.5

10.4

Undrawn

18.3

credit

1.8

lines(2)

Cash(4)

16.4

13.1

1.9

3.4

3.0

0.9

2.3

1.5

0.6

0.5

0.5

0.3

0.3

0.4

2.6

2.6

2.0

1.4

1.1

0.5

06/2020

2020

2021

2022

2023

2024

2025

2026

Liquidity

and beyond

AVERAGE NET DEBT MATURITY: 11.3 years

  1. Without IFRS 9 (+€1.3bn) without bank overdraft (+€0.7bn)
  2. Excluding/net of €5.3bn of NEU CP/US CP
  3. Negotiable European Commercial Paper
  4. Cash & cash equivalents (€13.3bn), plus financial assets qualifying or designated at faire value through income (€0.6bn), net of bank overdraft (€0.7bn)
  5. Financial and operational leases (+€2.4bn)

42

July 31st 2020

CREDIT

FINANCIAL APPENDICES

EUR

77%

Fixed rates 91%

€22.6bn

€22.6bn

Capped

rates 4%

Floating rates

5%

BRL

7%

(1) After hedging and without leases

USD 17%

43

July 31st 2020

CSR

FINANCIAL APPENDICES

  • GHG emissions from electricity production
  • Renewable electricity production capacities
  • Rate of female managers
  • Adherence to the B Team principles of responsible taxation recognized by the World Benchmarking Alliance

44

July 31st 2020

Forward-Looking statements

This communication contains forward-looking information and statements. These statements include financial projections, synergies, cost-savings and estimates, statements regarding plans, objectives, savings, expectations and benefits from the transactions and expectations with respect to future operations, products and services, and statements regarding future performance. Although the management of ENGIE believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of ENGIE securities are cautioned that forward-looking information and statements are not guarantees of future performances and are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of ENGIE, that could cause actual results, developments, synergies, savings and benefits to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the public filings made by ENGIE with the Autorité des Marchés Financiers (AMF), including those listed under "facteurs de risque" (risk factors) section in the Universal Registration Document filed by ENGIE (ex GDF SUEZ) with the AMF on March 18, 2020 (under number D.20-141). Investors and holders of ENGIE securities should consider that the occurrence of some or all of these risks may have a material adverse effect on ENGIE.

45

July 31st 2020

American Depositary Receipt

Symbol

ENGIY

CUSIP

29286D105

Platform

OTC

Type of programme

Level 1 sponsored

ADR ratio

1:1

Depositary bank

Citibank, NA

FOR MORE INFORMATION, GO TO

http://www.citi.com/dr

Ticker: ENGI

+33 1 44 22 66 29

ir@engie.com

https://www.engie.com/en/financial-results

FOR MORE INFORMATION ABOUT H1 2020 RESULTS:

https://www.engie.com/en/finance/resultats/2020

46

July 31st 2020

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Engie SA published this content on 03 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2020 12:21:08 UTC