November 2020
November 2020
- Our purpose (Raison d'être)
- Focus on 3 key CSR Objectives
- Leading position in CSR ratings and indexes
- Medium-term strategic orientations
- Key financial figures as of September 30, 2020
- Covid-19 impact by business line
- 2020 Outlook
- Stock reporting
- Consensus
- Bonus dividend
- Agenda
- Contact us
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- A leader in energy and climate transition
- Client Solutions
- Infrastructures
- Renewables
- Thermal
- Nuclear
- Supply
- A global presence
PURPOSE
& STRATEGY
AT A GLANCE
FINANCIAL INFORMATION
AS OF
SEPTEMBER 30, 2020
ENGIE AND YOU
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AT A GLANCE
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INFRASTRUCTURES
• Gas and electricity transmission, gas distribution, gas storage, regasification, through subsidiaries
THERMAL
• Centralised energy generation from thermal assets
CLIENT SOLUTIONS
• Service provision activities (design, engineering, works, installation, maintenance and facility management) and asset management activities (heating and cooling networks, dedicated energy production assets)
NUCLEAR
• Centralised energy generation from nuclear assets
RENEWABLES
• Centralised renewable energy generation
SUPPLY
• Supply of gas and electricity to business and retail customers and related services
employees
Service provision activities (projects, recurring services, asset-based)
POSITIONS AND KEY FIGURES(2)
#1 in France, Belgium, Italy, Netherlands
#1 cooling network operator in the world
#2 supplier of charging stations for electric vehicles in the world
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1,090
5,726
COI(1) 2019 - In €M
(1) Current Operating Income(2) As of June 30, 2020. Capacity at 100%
14 GWof installed capacity
Heating and cooling networks
1.8 GWof installed capacity
On-site power generation
Gas and electricity transmission, gas distribution, gas storage, regasification, through subsidiaries
POSITIONS AND KEY FIGURES(2)
~39,300 km
Transmission networks
~252,000 km
Distribution networks
#2 natural gas transmission network in Europe, through independent subsidiaries
#1 natural gas distribution network in Europe, through independent subsidiaries
#1 natural gas storage capacity in Europe
#2 terminal operator in Europe
2,327
5,726
COI(1) 2019 - In €M
(1) Current Operating Income(2) As of June 30, 2020
12.2 Gm3of net capacity in Europe
Storage
21.25 Gm3/year
Regasification capacity
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Centralised renewable energy generation
POSITIONS AND KEY FIGURES(2)
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+ 3.0 GW
Commissioned in 2019
+ 4 GW/year
Medium-term objective
Geïnstalleerde capaciteiten
#1 onshore wind and solar in France
#2 hydroelectric producer in France
#1 micro-grids in the world
1,190
5,726
COI(1) 2019 - In €M
(1) Current Operating Income(2) As of June 30, 2020. Capacity at 100%
27.5 GWinstalled
9%1%
31%
59%
Hydro
Wind
Other renewables
Solar
~ 28% of Group
generation capacity
Centralised energy generation from thermal assets
POSITIONS AND KEY FIGURES(2)
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Reduced to 4%of total installed capacity Vs 15% at the end of 2015
Coal
Aardgas
~63 GW of installed thermal capacity
⚫ ~53 GW of natural gas capacity
⚫ Major presence in the Middle East (~30 GW)
1,260
5,726
COI(1) 2019 - In €M
(1) Current Operating Income(2) As of June 30, 2020. Capacity at 100%
Centralised energy generation from nuclear assets
POSITIONS AND KEY FIGURES(2)
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Inbedrijfstellingen 2019
~6 GWin Belgium
Installed capacity
79%in 2019 Vs 52% in 2018
Availability (%)
#1 nuclear power producer in Belgium
(314)
5,726
COI(1) 2019 - In €M
(1) Current Operating Income(2) As of June 30, 2020. Capacity at 100%
Supply gas and electricity to business and retail customers and related services
POSITIONS AND KEY FIGURES(2)
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~25 M
B2C contracts
Residentiële klanten
#1 supplier of natural gas in France
#1 supplier of electricity in Belgium
345
5,726
COI(1) 2019 - In €M
(1) Current Operating Income(2) As of June 30, 2020.
EUROPE
45.7
LATIN
AMERICA
4.8
ASIA/MIDDLE-EAST &
OCEANIA
3.9
AFRICA
0.4
NORTH
AMERICA
5.3
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€60.1 bn
2019
Revenues breakdown-by area
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PURPOSE & STRATEGY
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Approval rate of 99% by shareholders
ENGIE beloont aandeelhoudersloyaliteit
+10%premie op het dividend voor uw aandelen op naam
(zuiver of in beheer) gedurende 2 onafgebroken jaren
Ga voor meer informatie naar www.engie.com of bel 0800 30 00 30
ENGIE’s purpose (“raison d’être”) is to act to accelerate the transition
towards a carbon-neutral economy, through reduced energy
consumption and more environmentally-friendly solutions.
The purpose brings together the company, its employees, its clients
and its shareholders, and reconciles economic performance with a
positive impact on people and the planet. ENGIE’s actions are assessed
in their entirety and over time.
https://www.engie.com/actionnaires/dividende/dividende-majorehttps:/www.engie.com/actionnaires/dividende/dividende-majore
GHG emissions Gender diversity Renewables
Share of women in the management of the
group(3)Share of renewables (4) in the electric
capacity mix, in line with the SBT(2)
trajectory
GHG(1) emissions from power production, in
line with the SBT (2) trajectory
149 Mt
80 Mt
43 Mt
2016 2019 2030
23% 24%
50%
2016 2019 2030
20%28%
58%
2016 2019 2030
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Carbon reducing solutions for our customers
(1) GreenHouse Gases(2) Science based targets(3) ~40,000 people as of 12/31/2018(4) Capacity in GW at 100%
ENGIE listed in the main indexes
DJSI World, DJSI Europe, Industry Leader Euronext Vigeo Eiris World 120, Europe 120, Eurozone 120 and France 20
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Secteur CDP (EDF, EON, RWE, ENEL, IBERDROLA, ENGIE)
2019 2019 2019 Klimaat 2019 Water 2019
82
48
7573
66
55 A
BBB
A
A-
BB 68
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2019
ENGIE
Sector average
⚫ 4GW average/year of renewables
commissioned Vs 3 GW today
⚫ Development of green gases :⚫ biogas ⚫ hydrogen
⚫ Acceleration in decentralized
infrastructures : ⚫ Urban district heating and cooling
networks⚫ On-site power generation
⚫ Rebalance exposure between French and international networks
⚫ Conduct a strategic review of
activities representing 2/3 of Client
Solutions revenues
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⚫ Divestment in non-core businesses and
minority stakes
⚫ Divestment program previously
communicated of ~ €4 bn to potentially
more than double
ACCELERATION OF INVESTMENTS
IN RENEWABLES AND
INFRASTRUCTURES ASSETS
STRATEGIC REVIEW OF CLIENTS
SOLUTIONS ACTIVITIES
SIGNIFICANT ENHANCEMENT OF
THE DIVESTMENT PROGRAM
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FINANCIAL INFORMATION AS OF SEPTEMBER 30, 2020
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9M RESULTS– In €bn,
unaudited figures Actual
∆
Gross(1)∆
Organic(1)
EBITDA 6.2 -0.9 -13% -10%
COI 2.8 -1.1 -28% -24%
CFFO(2) 4.3 +0.4 - -
Financial Net Debt 25.7 -0.2(3) - -
(1) Unaudited 2019 figures adjusted for revised definition of COI(2) Cash Flow From Operations = Free Cash Flow before Maintenance Capex(3) Vs Dec. 2019
9 months COI impacted by
Covid-19 (-€1.0bn),
FX (-€0.2bn) and
French temperature (-€0.2bn)
effects, as seen in H1
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(1) These estimates have been prepared in accordance with a standard guidance applied across our businesses under a dedicated oversight process (losses of revenues being inherently subject to more judgement than the identification of specific costs incurred). These estimates relate to operating items only and are presented net of savings and mitigating management action plans. By construction, these estimates exclude foreign exchange and commodity price effects incurred in our various businesses, whether positive or negative.
(2) These temperature effects are only given for Supply and Networks (gas distribution) in France and follow the methodology validated by auditors.(3) GEM (Global energy management): management and optimization of the Group's gas and power assets
RenewablesNetworks
Client
Solutions
GEM, Corporate
& other
ThermalSupply
Scope / FX
of which estimated Covid-19 impact of ~-€994M
and -€187M temperature effect in France
-€841M organic
3,818
2,751(20) +1
[€M]
(1)
(2)
(3)
COI 9M
2019
COI 9M
2020
(144) (342)Nuclear+84
+135
(556)
(226)
In €bn 2020 Outlook(1) 2019 Results
EBITDA 9.0-9.2 10.4
Current Operating Income 4.2-4.4 5.7
Net recurring Income,
Group Share1.7-1.9 2.7(2)
Net Income Group Share - 1.0
Economic net debt/Ebitda > 4.0x 4.0x
Capex 7.5-8.0(3) 10
(1) Main assumptions for these targets and indications: average weather in France for H2 2020, full pass through of supply costs in French regulated gas tariffs, no major regulatory, accounting or macro-economic changes, market commodity prices as of 06/30/2020, average forex for 2020: €/$: 1.11; €/BRL: 5.79, no significant impacts from disposals not already announced, continued/gradual return from lockdowns across key geographies with no new major lockdowns in key regions
(2) Net recurring Income group share from continuous operations(3) Net of DBSO and tax equity proceeds
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Dividend policy reaffirmed
65-75% payout ratio based on Net Recurring Income,Group Share
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ENGIE AND YOU
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Source : Eikon Reuters
⚫ ISIN code : FR0010208488
⚫ Mnemonic code : ENGI
⚫ Market capitalization as of 11/13/20 : ~ € 30bn
⚫ Average volume in 2020 : ~7,6M
BEL 20 -11%
CAC 40 -10%
ENGIE -15%
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12/31/2019 1/31/2020 2/29/2020 3/31/2020 4/30/2020 5/31/2020 6/30/2020 7/31/2020 8/31/2020 9/30/2020 10/31/2020
2020 stock performance as of 11/13/20
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The following is a consensus consisting of independent analyst forecasts, compiled by the issuer that
does not issue any opinion on it.
Disclaimer
The data presented set out a summary of the recommendations, target prices
and financial estimates from the financial analysts* that, to the knowledge of
ENGIE, cover ENGIE shares and issue dedicated reports from which are
extracted such data. Reference to these data serves only for reader information
and is non-binding. These data may not be regarded as a solicitation or an offer
to buy or to sell ENGIE shares. These data have been established by financial
analysts* under their own responsibility and do not reflect the opinion of ENGIE.
ENGIE does not issue any opinion and does not give any warranty as to the
accuracy and quality of these data which come from financial analysts*. No
warranty is given as to their completeness and ENGIE does not commit to
update them.
* Bank of America (« restricted »), Barclays, Berenberg, Bernstein, Bryan
Garnier, Caixa Bank, Citi (« restricted »), Crédit Suisse (« restricted »),
Deutsche Bank (« restricted »), Exane BNP Paribas, Goldman Sachs, HSBC
(« restricted », JP Morgan (« restricted »), Kepler Cheuvreux, Morgan Stanley
(« restricted »), Oddo, Santander, Société Générale, UBS92%
8%
0%
Analysts recommandations(Average target price of €14.40)
Buy (11) analists
Neutral (1)
Sell (0)
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ENGIE beloont aandeelhoudersloyaliteit
+10%premie op het dividend voor uw aandelen op naam
(zuiver of in beheer) gedurende 2 onafgebroken jaren
Ga voor meer informatie naar www.engie.com of bel 0800 30 00 30
ENGIE rewards the sharehoders’ loyalty
bonus dividend for all shareholders who registered shares
(directly or indirectly for at least 2 continuous years
For more information click here
Register your shares prior to December 31, 2020 to benefit in 2023 from the bonus dividend related to
2022.
https://www.engie.com/actionnaires/dividende/dividende-majorehttps:/www.engie.com/actionnaires/dividende/dividende-majorehttps://www.engie.com/en/shareholders/dividend/bonus-dividend
February 26, 20212020 annual results
May 20, 2021Annual General Meeting
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May 18, 2021Financial information as of
March 31, 2021July 30, 2021
1st Half 2021 results
April 2019 26ENGIE 2019
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SHAREHOLDER RELATIONS DEPARTMENT
0800 30 00 30 (from France)
0800 25 125 (from Belgium)
https://www.engie.com/espace-finance
mailto:[email protected]://www.engie.com/espace-finance