Investor Presentaiton
21
Q1 2022 Results
May 2022
ENGIE
Net debt up in Q1 2022,
strong liquidity and rating maintained
Net Financial Debt
(Єbn)
+0.3
+0.1
+0.8
Capex1
CFFO
Nuclear
phase-out²
-0.8
Scope³
+0.1
+0.8
+0.6
Others 5
27.3
Dividends New rights
25.3
of use 4
(IFRS16)
Dec
2021
2.63%
Mar
2022
2.47%
Leverage ratios
2.4x
3.6x
2.3x
4.0x
3.3x
Average cost of gross debt
Economic Net Debt
Dec 21
Mar 22
(€bn)
+0.1
Post-employment
provisions
-0.3
+2.0
Net Financial
38.3
ARO 6
provisions
-0.3
Nuclear
provisions funding
+0.2
Others
Net Financial Debt / EBITDA
Economic Net Debt/ EBITDA
40.0
Debt
Dec
2021
Mar
2022
Rating: 'Strong investment
grade' maintained
1 Growth + maintenance Capex, net of DBSO and US tax equity proceeds for Renewables (€0.7bn in Q1 2022)
2 Synatom funding previously reported in gross Capex and waste/dismantling expenses previously reported in CFFO
3 Including net scope impact from disposals & acquisitions (mainly SUEZ and GTT transactions)
4 Mainly following the renewal of the CNR hydro concession
5 Mainly FX, also including hybrid repayment, derivatives and MtM
6 Asset Retirement Obligations for dismantling, decommissioning, nuclear waste management, .View entire presentation