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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 +1,529
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