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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, .
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