Investor Presentaiton
22
22
Q1 2022 Results
May 2022
ENGIE
FY 2022 guidance upgraded
ENGIE's expectations underpinned by strength of integrated model
EBITDA indication
€11.7-12.7bn
EBIT indication
€7.0-8.0bn
Rating
"Strong investment grade"
Economic Net Debt / EBITDA ≤ 4.0x over the long term
Dividend
65-75%
NRIgs guidance
€3.8-4.4bn
payout ratio based on NRIgs
Floor of €0.65
1 Mainly for Q2-Q4 2022, as Q1 2022 actuals are embedded in this upgrade. Guidance and indications based on continuing operations.
Assumptions also include full pass through of supply costs in French B2C Supply tariffs, no major regulatory or macro-economic changes,
no change in accounting policies, no stringent lockdowns due to Covid, no disruption in Russian gas supply.
Key assumptions¹
FX:
• €/USD: 1.12
• €/BRL: 5.90
Market commodity forward prices
average Q4 2021 - Q1 2022
Nuclear Belgium
c. 90% nuclear availability and
€0.4bn contingencies
Average weather conditions
Recurring net financial costs
€(1.5-1.7)bn
Recurring effective tax rate
~20%View entire presentation