ENGIE

Earnings Release • Jun 30, 2023

Press release 30 June 2023

ENGIE upgrades its 2023 guidance

ENGIE upgrades its 2023 Net Recurring Income group share (NRIgs) guidance which is now expected to be in the range of €4.7 to €5.3 billion. The Group previously anticipated Net Recurring Income group share to be in the upper end of the range of €3.4 to €4.0 billion. EBIT excluding nuclear is now expected in the indicative range of €8.5 to €9.5 billion versus "in the top end of €6.6 to €7.6 billion range" previously indicated.

The upward revision is mainly related to the strong results recorded by GEMS, as its strong performance of the first quarter of 2023 continued in April and May. This is explained by:

• the gradual normalization of market conditions, leading to continuous reversal of market reserves;
• the good performance of B2B business, in a market environment that allows a full valuation of the cost of risk ;
• and a good performance of our energy management activities in Europe, which are still benefiting from good market conditions, although less favourable than in 2022.

In the context of downward trend in energy prices observed in Europe at the start of the year, partly offset by the reduced impact of inframarginal taxes, the rest of activities of the Group are evolving in line with expectations.

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About ENGIE

Our group is a global reference in low-carbon energy and services. Together with our 96,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose ("raison d'être"), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers.

Turnover in 2022: 93.9 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris - Europe 120/ France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X)

ENGIE HQ Press contact: Tel. France: +33 (0)1 44 22 24 35 Email: engiepress@engie.com ENGIEpress

Investor relations contact: Tel.: +33 (0)1 44 22 66 29 Email: ir@engie.com

Tour T1 – 1 place Samuel de Champlain – Faubourg de l'Arche – 92930 Paris La Défense cedex – France ENGIE – French limited liability company with capital of 2,435,285,011 EUROS – listed on the NANTERRE register of trades and companies under number 542 107 651 – Tel: +33 (0)1 44 22 00 00