Investor Presentaiton
25 Q1 2022 Results
May 2022
ENGIE
Q1 2022 EBIT change by activity
Y/Y change (Em)
Gross
Organic
Key drivers for organic change
7
7
Higher prices in Europe (mainly benefitting hydro)
2021 Texas extreme weather event
RENEWABLES
+199
+197
7
Commissioning of new capacity
7
Higher DBSO margins
7
NETWORKS
-100
-94
Latin America: Brazilian power lines construction progress
and tariff increase in Mexico
لا
لا
لا
Lower hydro volumes in Europe
Negative price effect, mainly on energy costs
Warmer temperatures in Europe (mainly for GRDF)
Lower regulated revenues in France due to RAB
remuneration decrease (smoothed)
ENERGY
7
Energy prices (mainly in France)
لا
+15
+12
7
Commercial market dynamic (mainly new customers
SOLUTIONS
connected to DHC networks)
7
Higher spreads in Europe
THERMAL
+256
+254
7
Higher ancillaries in Europe
لا
لا
EVBox
Warmer temperatures in Europe
Price drop in energy margins in Chile
&
7
SUPPLY
+88
+94
Warmer temperatures in Europe
✓ Negative price effects (mainly prices caps in Romania)
(long positions sold at higher prices)
✓ Higher Belgian nuclear taxes
NUCLEAR
+530
+530
7
Better achieved prices
لا
Lower availability (91% vs. 95%) / volumes in Belgium
OTHERS
+513
+536
7
Higher prices and volatility (GEMS)
ENGIE
+1,502
+1,529View entire presentation