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05 November 2026 9M 2026 Financial information
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2 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION CATHERINE MACGREGOR
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3 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION 9M 2026 HIGHLIGHTS Strong focus on execution in Renewables, Storage and Networks Belgian nuclear update Robust 9M results, confirmed guidance at the upper end of the range 3 ENGIE NOVEMBER 2026
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4 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION ENGIE STRONG, RESILIENT RISK PROFILE Locked-in regulation Watertight earnings base No reliance on France for growth 4 ENGIE NOVEMBER 2026 Net Debt 1 : 78% fixed Well protected against higher interest rates €52.9bn £:90% fixed rate €:79% fixed rate 1 After hedging and without leases 61% 7% 8% 23% 2% EUR USD BRL GBP Others Resilient Bund Spread ENGIE spread remains contained and in line with the sector Engie: secondary market yield of ENGIE's 26-Oct-2036 bond - Bloomberg Inflation & long-term rates A natural hedge through regulated & contracted assets Indexed revenues Strong natural hedge Cash flow protection Long-term earnings visibility Limited cost exposure Costs largely pass-through 49bn RAB or RAB equivalent 40 60 80 100 120 140 Engie Spread Iboxx Euro Electricity Spread Engie: secondary market yield of ENGIE's 26-Oct-2036 bond spread to 10y Bund - Bloomberg
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5 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION ROBUST EARNINGS 2026 GUIDANCE CONFIRMED, AT THE UPPER END OF THE RANGE 2026 guidance confirmed NRIgs expected at the upper end of the range of €4.9 to €5.5bn EBIT ex. Nuclear €7.0bn up 9.7% vs. 9M 2025 Performance €406m Economic net debt €62.5bn 5 ENGIE NOVEMBER 2026
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6 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION STRONG EXECUTION IN RENEWABLES & BESS GOOD COMMERCIAL MOMENTUM IN B2B SUPPLY High level of PPAs signed 3.2GW signed in 9M 2026 of which 0.8 GW in Q3 Expansion in 24/7 offers First 24/7 renewable energy agreement in France with Legrand Aker BioMarine signs a 24/7 renewable energy deal with ENGIE in the USA • Saudi Arabia Signature of Al Khushaybi BESS (500 MW / 2,000 MWh) • India COD of Khavda (200 MW) and Khaba solar projets (250 MW) • Australia COD of the Goorambat East solar farm (250 MW) 60.2 GW total capacity of which 3.0 GW added in 9M 26 6.6 GW under construction 6 ENGIE NOVEMBER 2026
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7 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION >10 GW Storage capacity in operation and under construction worldwide at end-September UK Start of its first 2 BESS for a total capacity of 100 MW / 200 MWh SPAIN Acquisition of a 66 MW / 264 MWh asset POLAND Acquisition of a 758 MW / 2.2 GWh portfolio ROMANIA Acquisition of a ready-to-build 54 MW / 216 MWh project BELGIUM Start of construction of a new 74 MW / 296 MWh BESS at Coo PORTUGAL Construction of 2 storage systems, each 10 MW / 45 MWh THE NETHERLANDS Inauguration of BESS Maxima 35 MW / 100 MWh ENGIE EXCEEDS 10 GW OF STORAGE CAPACITY WORLDWIDE Strong development in Europe in Q3
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8 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION CONTINUED EXPANSION IN NETWORKS ENGIE NOVEMBER 20268 Smooth integration of UKPN, outstanding operational track record €452m EBIT contribution at end-September 2026 ENGIE & CMA CGM to develop a biomethane production facility in Le Havre 100 GWh of biomethane supplied annually to CMA CGM’s fleet as of 2029 11.2% RoRE achieved over first 3 years of RIIO-ED2
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9 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION PIERRE-FRANÇOIS RIOLACCI EVP in charge of Finance, ESG and Procurement 9M 2026 FINANCIAL INFORMATION
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10 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION FINANCIAL PERFORMANCE HIGHLIGHTS 9M 2026 FINANCIAL INFORMATION Strong delivery and disciplined investment support resilient performance • EBITDA and EBIT excluding Nuclear increased, combining organic growth with the contribution from UK Power Networks, against a demanding comparison base • Solid cash generation, with CFFO reaching €7.5bn • Balance sheet metrics reflect the strategic investment in UK Power Networks 2026 guidance now expected in the upper end of the range 9M RESULTS €bn, unaudited figures1 Actual ∆ Gross ∆ Organic2 EBITDA (excl. Nuclear) 10.7 +9% +3% EBIT (excl. Nuclear) 7.0 +10% +3% CFFO 3 7.5 -4.0 Capex 4 26.2 +20.4 Net Financial Debt5 57.0 +18.1 Economic Net Debt5 62.5 +17.3 Economic Net Debt/ EBITDA5 4.2x +1.2x 1. Unaudited figures through the presentation 2. Organic variation = gross variation without scope and foreign exchange effects 3. Cash flow from Operations = Free Cash Flow before maintenance capex and nuclear provisions funding 4. Including maintenance capex. Growth capex: net of DBSO and US tax equity proceeds, including net debt acquired. With acquisition of UK Power Networks for €19bn. 5. Variance versus 31 December 2025
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11 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION Investments & Performance building momentum 9M EBIT EVOLUTION -43 +452 -239 -280 +418 +406 -98 9M 2025 9M 2026 Volumes Price & Volatility Others EBIT (excl. Nuclear) (€m) FX +2 Scope1 -45 6,961 6,346 +€205m organic Performance Renewable & Flex Power Infrastructures Others down €383m to €113m 2,576 3,014 1,832 -461 Supply & Energy Management Commissioning 6,961 UK Power Networks 1. Scope excluding UK Power Networks 9M 2026 FINANCIAL INFORMATION
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12 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION -65 +99 -166 9M 2025 9M 2026 9M 2025 9M 2026 +10 +147 -284 +205 9M 2025 9M 2026 Infrastructures FX & Scope FX & Scope Renewable & BESS Gas Generation 2,708 2,576 1,754 B2C B2B Energy Management 1,832 Supply & Energy Management Renewable & Flex Power (€m) 9M 2026 FINANCIAL INFORMATION 9M EBIT EVOLUTION BY REPORTING SEGMENT +456 +41 +16 +49 FX & Scope 2,451 Gas Networks Power Networks Local Energy Infrastructures 3,014 (€m) (€m)
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13 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION CASH FLOW FROM OPERATIONS Solid cash generation, despite the impact of higher energy prices on working capital 11.4 7.5 +0.1 -1.1 -1.1 -1.5 +0.1 -0.5 9M 2026 CFFO 9M 2025 CFFO Taxes & interest paid Operating cash flow Other changes in WCR Margin Calls Inventory Operating Net Working Capital Change in WCR: -3.6 (€bn) 9M 2026 FINANCIAL INFORMATION
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14 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION STRATEGIC INVESTMENT INCREASES NET DEBT WHILE MAINTAINING A STRONG CREDIT PROFILE 2.6x 3.9x 3.1x 4.2x Net Financial Debt / EBITDA Economic Net Debt / EBITDA Dec 25 Sep 26 4.0x Rating ‘Strong investment grade’ maintained 1 Growth + maintenance Capex, net of sell-downs and US tax incentives, including net debt acquired 2 Includes dividends paid to non controlling interests Leverage ratios 45.2 62.5 -7.5 +7.2 +19.1 -3.0 -3.1 +4.2 +0.8 -0.4 Others CFFO Capex1 excl. UKPN FX Economic Net Debt (€bn) Average cost of gross financial debt Dec 2025 4.2%4.0% Sep 2026 Capital increase Net debt reflecting investment in UK Power Networks & Impact from energy prices on NWC Dividends paid2 Hybrid debt issued 9M 2026 FINANCIAL INFORMATION UK Power Networks +13bn
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15 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION BELGIAN NUCLEAR PROVISIONS 9M 2026 FINANCIAL INFORMATION Nuclear provisions expected stable Until 31 Dec. 2025 IFRS provision aligned with latest CPN triennial review From Dec. 2026 Provisions based on ENGIE best estimate Updated costs & contingencies, market-based discount rate €8.6bn Dec. 2025 + Costs + Contingencies Discount Rate Revised Estimate Charts not at scale, for illustrative purpose
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16 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION Dividend 65-75% payout ratio based on NRIgs Floor of €1.10 Rating “Strong investment grade” Economic Net Debt / EBITDA ≤ 4.0x over the long term 2026: key assumptions FX: • €/USD: 1.16 • €/BRL: 5.96 • €/GBP: 0.87 Market commodity forward prices as of 30 September 2026 Average weather conditions and hydro/wind/solar productions UKPN contribution starting from closing in May 2026 Recurring net financial costs €(2.3-2.5)bn Recurring effective tax rate ~18-22% €14.3 - 15.3bn €9.2 - 10.2bn €4.9 - 5.5bn FULL YEAR GUIDANCE EXPECTED IN THE UPPER END OF THE RANGE 9M 2026 FINANCIAL INFORMATION
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17 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION 9M 2026 SUMMARY Strong focus on execution in Renewables, Storage, Data centers and Networks Update on Belgian nuclear deal Robust 9M results, confirmed guidance at the upper end of the range 17 ENGIE NOVEMBER 2026
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ADDITIONAL MATERIAL
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19 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION Q3 EBIT EVOLUTION +11% organic growth (excluding Nuclear) +308 +62 -29 -5 -6 +32 -55 +69 +40 +32 Q3 2025 Q3 2026 Gas Networks Gas Generation Renewable & BESS B2B EBIT (excl. Nuclear) (€m) Power NetworksFX +38 Scope1 +269 1,698 1,251 €+140m organic B2C down €1m to €-8m Local Energy Infrastructures Energy Management Others 1. Including UK Power Networks for €+272m 9M 2026 FINANCIAL INFORMATION
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20 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION 9M 2026 EBIT CHANGE BY ACTIVITY (€m) Renewable & BESS 1,928 +127 +99 Contribution from capex, operational performance Lower power prices in Europe, lower hydro volumes, FX (USD) Gas Generation 647 -259 -166 Contribution of Flémalleand new CRM in Belgium, pricing in Chile and Peru Geographical refocus, lower captured spread in Europe, pipe failure in Peru, positive one-offs in H1 2025 Gas Networks 2,084 +54 +41 Operational performance, new assets in regulated asset based, tariffs increase in Europe Adverse volume and weather effects in France Power Networks 636 +476 +16 Acquisition of UK Power Networks, inflation-linked indexation in Brazil, positive one-off in Chile Local Energy Infrastructures 293 +32 +49 Operational performance, District Heating and EV charging developments Adverse weather effect B2C 444 +139 +147 Active management of the hedging portfolio, solid operational performance Milder weather conditions and lower consumption B2B 681 -276 -284 Gradual unwind of contributions from legacy contracts signed under favorable conditions, lower positive seasonality effect, positive one-offs in H1 25 Energy Management 706 +215 +205 Good performance of gas activities, positive one-offs on gas contracts renegotiation in H1 26 Challenging conditions on the power markets NUCLEAR 113 -383 -383 Nuclear phase-out in Belgium, lower captured power prices in France OTHERS -461 +106 +99 ENGIE 7,074 +232 -177 9M 26 Key driversGross Variance Organic Variance 9M 2026 FINANCIAL INFORMATION
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21 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION 9M 2026 (€m) France Rest of Europe Latin America North America AMEA Others TOTAL RENEWABLE & FLEX POWER 147 528 1,114 583 235 (32) 2,576 Renewables & BESS 165 361 842 527 64 (31) 1,928 Gas Generation (18) 167 272 56 171 (1) 647 INFRASTRUCTURES 1,738 681 574 (2) 33 (10) 3,014 Gas Networks 1,565 154 386 (2) (18) 2,084 Power Networks 452 188 (3) 636 Local Energy Infrastructures 173 75 34 12 293 SUPPLY & ENERGY MANAGEMENT 825 785 61 87 77 (3) 1,832 OTHERS 12 6 9 (18) (1) (470) (461) EBIT ex. NUCLEAR 2,723 2,000 1,757 651 345 (515) 6,961 NUCLEAR 102 12 113 9M 2025 (€m) France Rest of Europe Latin America North America AMEA Others TOTAL RENEWABLE & FLEX POWER 425 418 1,007 530 372 (44) 2,708 Renewables & BESS 299 287 704 476 80 (43) 1,802 Gas Generation 126 131 303 54 292 (1) 906 INFRASTRUCTURES 1,688 177 586 (4) 40 (35) 2,451 Gas Networks 1,522 111 424 (4) (3) (20) 2,030 Power Networks 162 (1) 161 Local Energy Infrastructures 166 66 43 (14) 261 SUPPLY & ENERGY MANAGEMENT 508 1,032 45 168 18 (17) 1,754 OTHERS (7) (3) (2) (67) 2 (491) (567) EBIT ex. NUCLEAR 2,614 1,624 1,636 628 431 (588) 6,346 NUCLEAR 253 243 496 EBIT BREAKDOWN BY GEOGRAPHY 9M 2026 FINANCIAL INFORMATION
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22 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION OUTRIGHT POWER PRODUCTION IN EUROPE NUCLEAR AND HYDRO Captured prices are shown before specific Belgian nuclear and French CNR hydro tax contributions Hedged positions and captured prices (% and €/MWh) 78 100 5861 9M 2026 FINANCIAL INFORMATION As of 30 September 2026 France & Belgium Starting in 2026, nuclear volumes hedged are limited to French production, as Belgian nuclear production is not merchant, following the 10-year extension agreement with the Belgian government for Tihange 3 and Doel 4 nuclear reactors. 2025 2026 2027 2028 78 100 5865 100% 92% 67% 39%
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23 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION DISCLAIMER Important Notice The figures presented here are those customarily used and communicated to the markets by ENGIE. This message includes forward- looking information and statements. Such statements include financial projections and estimates, the assumptions on which they are based, as well as statements about projects, objectives and expectations regarding future operations, profits, or services, or future performance. Although ENGIE management believes that these forward-looking statements are reasonable, investors and ENGIE shareholders should be aware that such forward-looking information and statements are subject to many risks and uncertainties that are generally difficult to predict and beyond the control of ENGIE and may cause results and developments to differ significantly from those expressed, implied or predicted in the forward-looking statements or information. Such risks include those explained or identified in the public documents filed by ENGIE with the French Financial Markets Authority (AMF), including those listed in the “Risk Factors” section of the ENGIE Universal Registration Document filed with the AMF on March 12, 2026. Investors and ENGIE shareholders should note that if some or all of these risks are realized, they may have a significant unfavourable impact on ENGIE.
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24 ENGIE NOVEMBER 2026 9M 2026 FINANCIAL INFORMATION FOR MORE INFORMATION ABOUT ENGIE +33 1 44 22 66 29 ir@engie.com https://www.engie.com/en/financial-results