Earnings release
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ENGIE May 18th , 2021 ENGIE Q1 2021 Financial information Solid operational performance underpins 10 % organic¹ growth in EBIT² Full - year guidance reaffirmed Business Highlights c . 0.5 GW of additional Renewables capacity commissioned , incl . first fixed wind offshore project • On track to commission 3 GW of renewables in 2021 • Successful integration of 1.7 GW Portuguese hydro assets acquired in December 2020 • High Belgian nuclear availability at 95 % • High levels of Network safety and reliability maintained • Progress on Group simplification : ENGIE EPS disposal announced and exit from Turkey Financial Performance • Strong gross and organic growth , both at EBITDA and EBIT levels • Higher contribution from Networks and Nuclear , more than offsetting impacts of normalized GEM performance and Texas extreme weather event • FX impact of EUR -77 million at EBIT level , mainly due to BRL depreciation • Net financial debt stable at EUR 22.5bn , with cash flow generation funding investments • 2021 guidance³ reaffirmed Catherine MacGregor , CEO , said : “ ENGIE has had a strong start to the year with growth in operating profit underpinned by solid operational performance . We continued to progress on Group simplification while maintaining a sharp focus on delivery . We have reaffirmed our guidance for 2021 and our priorities are clear : to drive improved performance by focussing on our deep industrial expertise ; complete the strategic reviews underway ; and create value from allocating capital to activities that will accelerate the transition to carbon - neutrality . " Key financial figures as of March 31 , 2021 A 2021/20 In € billion 03/31/2021 03/31/2020 gross A 2021/20 organic Revenues 16.9 16.5 + 2.3 % + 4.8 % EBITDA 3.2 3.1 + 5.3 % + 7.3 % EBIT 2.1 1.9 + 8.3 % + 10.0 % Cash Flow From Operations4 1.7 0.2 EUR +1.5 bn Net financial debt 22.5 EUR +0.1 bn vs. 12/31/2020 2021 Outlook and Guidance In the first quarter , the Group delivered a solid operational performance , including higher availability of Belgian nuclear assets , and benefitted from higher power prices in Europe . There was an impact of the extreme weather event in Texas where the Group's estimate of a potential full - year impact of EUR 80 to 120 million remains unchanged , pending further information on Supply receivables . N.B. Footnotes are on page 5 . ENGIE CORPORATE HEADQUARTERS Tour T1 - 1 place Samuel de Champlain - Faubourg de l'Arche - 92930 Paris La Défense cedex - France ENGIE - SA WITH CAPITAL OF € 2,435,285,011 - RCS NANTERRE 542 107 651 - Tel .: +33 ( 0 ) 1 44 22 00 00 engie.com