ENGIE — Management Reports 2021

Jun 30, 2021

Press release 30 June 2021

New organisational structure for a simpler ENGIE to go live on 1 July Creation of EQUANS, leader in multi-technical services

Featuring four Global Business Units and newly-created EQUANS, a leader in delivering multitechnical services, ENGIE's new organisational structure is now established. On 18 May 2021, ENGIE's Chief Executive Officer Catherine MacGregor unveiled the Group's strategic roadmap, to reaffirm ENGIE as a leader in the energy transition.

In line with the planned timetable, the new organisational structure will be effective 1 July 2021 and will bring:

• Greater simplicity in the way the Group is managed,
• Better operational performance with increased focus on core businesses,
• More efficiency through pooling the support functions.

The new structure comprises:

• 4 Global Business Units (GBUs): Renewables, Energy Solutions, Networks, Thermal & Supply. These four GBUs, which reflect the Group's core businesses, will have accountability for their respective financial performance.
• a geographical platform structured with regional hubs for pooling the support functions, coordinating the entities at country level, that will be in charge of managing Group's local stakeholders and leveraging synergies across activities.

EQUANS will now operate as an autonomous entity within ENGIE, managed by its CEO Jérôme Stubler and his management team. With 74,000 employees in 17 countries and an annual revenue of over €12 billion, EQUANS is a new global leader in multi-technical services, strongly positioned in growing markets.

To strengthen its presence in these markets, EQUANS has chosen a name and a brand identity that conveys all of its values and its ambition.

Its signature – "Empowering Transitions" – is evidence of its employees' commitment to their customers, and of their ability to innovate and adapt to provide them with high added-value services.

EQUANS's aim is to be its clients' preferred partner to help them speed-up their energy, industrial and digital transitions.

EQUANS is structured along 6 fields of expertise: Electrical, HVAC, Cooling, Mechanical, Digital & IT, Facility management.

ENGIE CORPORATE HEADQUARTERS

Tour T1 – 1 place Samuel de Champlain – Faubourg de l'Arche – 92930 Paris La Défense cedex – France engie.com

ENGIE – French limited liability company with capital of 2,435,285,011 – listed on the NANTERRE register of trades and companies under number 542 107 651

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EQUANS already holds a leading position in key European markets (France, Belgium and the UK in particular) and is also very well ranked in the U.S. and in Latin America.

Now that EQUANS has been created, ENGIE is moving to the next phase where options for a new shareholding structure will be explored, with a focus on creating the best environment for EQUANS's future growth.

Catherine MacGregor, ENGIE CEO, said: "Today marks an important step forward in the implementation of our strategic roadmap. We are very proud to announce the creation of EQUANS, an autonomous entity within ENGIE, known in recent months under the project name "Bright". We are on track to deliver on our simplification plan through the positioning of EQUANS as a leader in multi-technical services and reaffirmming ENGIE as a leader in the energy transition, refocused on its growth markets and with a more industrial approach."

Jérôme Stubler, EQUANS CEO, added: "I would like to acknowledge the incredible work which has been accomplished during the last 6 months to create EQUANS. EQUANS is made of state-of-the-art expertise which totally responds to the needs of our clients in delivering the Energy, Industrial and Digital transitions. This is a great moment for the 74,000 employees all over the world. I am very honored and pleased to lead this fantastic team."

About ENGIE

We are a leading world group that provides low-carbon energy and services. With our 170,000 employees, our clients, our partners and our stakeholders, we strive every day to act to accelerate the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally friendly solutions. Guided by our purpose statement, we reconcile economic performance with a positive impact on people and the planet, using our expertise in our key business areas (gas, renewable energies, services) to provide competitive to our clients. Turnover in 2020: 55.8 billion Euros. Listed on the Paris and Brussels stock exchanges (ENGI), the Group is represented in the main financial indices (CAC 40, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and extra-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120 / Europe 120 / France 20, MSCI EMU ESG, MSCI Europe ESG, Euro Stoxx 50 ESG, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).

ENGIE Group press contact: Tel. France: +33 (0)1 44 22 24 35 Email: engiepress@engie.com Investor relations contact: Tel. +33 (0)1 44 22 66 29 Email: ir@engie.com

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EQUANS

World leader in technical services

Design and deliver customised services to optimise the efficiency of our customers' technical equipment and processes

TO BE N°1 IN OPERATIONAL PERFORMANCE Objective

Management Team

Mark DIRCKX Managing Director Belgium and Luxembourg Pierre HARDOUIN Managing Director France

Jérôme STUBLER EVP ENGIE and CEO EQUANS

Nicola LOVETT Managing Director UK

Olivier HEROUT Chief HR Officer

Etienne JACOLIN

Chief Financial Officer

Thomas JUNG Chief Operational Excellence Officer

Bruno CHARRADE

Managing Director Americas-Australia (AMAUS)

Richard DUJARDIN

Managing Director Central & Western Europe

RENEWABLES

Generating clean power

KEY FIGURES

Current operating income in 2020

in the US, Europe and Latin America for corporate PPAs

@100%

2nd

31 GW

DEVELOPMENT AND OPERATIONS OF RENEWABLE PROJECTS

EXPERTISE

Conception, construction, operations:

• Solar
• Onshore wind
• Offshore wind
• Hydroelectricity
• Geothermal

KEY OBJECTIVES

• Reach a portfolio of 50 GW by 2025
• Reduce the levelised cost of energy (LCOE) by 2% to 4%

Management Team

Mauricio BÄHR

Managing Director South America and Country Manager Brazil

David CARROLL

Managing Director North America

Mohamed HOOSEN

Managing Director AMEA and Country Manager South Africa

Sergio VAL

Managing Director Europe and Group Deputy CFO, in charge of M&A

Paulo ALMIRANTE SEVP Renewables, Energy Management and Nuclear

Delphine CHEREL-SPARHAM

Chief Business Development & Projects Officer

Sylvie CRÉDOT

Chief Legal Officer

Pierre GUIOLLOT

Chief Finance & Strategy Officer

Étienne JACQUES

Chief HR, Communication & CSR Officer

Henk VANDENBERGHE

Chief Operational Performance Officer

Also reporting to Paulo Almirante, outside the Renewables GBU: Edouard Neviaski, CEO of GEM and Thierry Saegeman, CEO of Nuclear and CEO of Electrabel

RENEWABLES

includes the following entities

France Renouvelables, ENGIE Solar, Ocean Winds, Europe Renewables, North America Renewables, South America Renewables, AMEA Renewables.

ENERGY MANAGEMENT

EXPERTISE

In connexion with GEM:

• Corporate PPAs
• Risk management

2019-2020

N°2 in the US, Europe and Latin America for corporate PPAs

ENERGY SOLUTIONS

Develop low carbon distributed energy infrastructures

KEY FIGURES

35,000

5 Mt CO2eq /year avoided

by our customers

1st Cooling networks worldwide 24 GW @100%

3rd Heating networks

worldwide

1st

On-site utilities Europe

DISTRIBUTED INFRASTRUCTURES

EXPERTISE

• Heating and cooling networks
• Distributed infrastructures: solar and utilities (electricity and heat)
• Low-carbon mobility: electric, biogas, hydrogen
• Low-carbon cities and public lighting
• Greening of the energy mix

ASSOCIATED ENERGY SERVICES

EXPERTISE

• Decarbonization road map
• Energy transition engineering
• Energy efficiency

KEY OBJECTIVE

KEY OBJECTIVE 32 GW @100% of distributed infrastructures by 2025

Reduction of CO2 emissions: 8 Mt of emissions avoided per year by 2030

Management Team

Cécile PREVIEU EVP Energy Solutions

Anne-Laure DE CHAMMARD

Managing Director International

Mathias LELIEVRE

CEO of ENGIE IMPACT

Yann ROLLAND

Managing Director Cities & Communities France

Damien TEROUANNE

Managing Director Industry, Tertiary & Proximity France

Philippe VAN TROEYE

CEO of Tractebel

Caroline ADAM-PLANCHON

Chief Legal & CSR Officer

Pierre CHEYRON

Chief Business Development, Marketing & Client Officer

Olivier JACQUIER

Chief Finance, Strategy, Performance & Digital Officer

Paola VEZZARO

Chief HR & HS Officer and CHRO BU NECST

ENERGY SOLUTIONS

includes the following entities

Energy Solutions France Cities & Communities, Energy Solutions France Industry, Tertiary & Proximity, Energy Solutions International, Tractebel, ENGIE Impact, Siradel, ENDEL, EVBOX, Connect (joint-venture EQUANS)

NETWORKS

Delivering affordable energy for customers

KEY FIGURES

1st

in Europe

More than

gas transmission in France and Brazil

km of distribution networks worldwide

gas distribution 1st

gas storage in Europe 2nd

Current operating income in 2020

LNG terminal operator in Europe

km of electricity transmission networks and 3,000 km under construction

€2.1bn

TRANSMISSION, DISTRIBUTION AND STORAGE OF ENERGY

EXPERTISE

• Transmission and distribution of gas
• Gas storage
• LNG regasification
• Transmission of electricity

KEY OBJECTIVES

• 700 km of hydrogen transmission networks
• 4 TWh of biomethane in France = 10% market share
• 1 TWh of hydrogen stored in salt caverns

Management Team

Camille BONENFANT-JEANNENEY Chief Executive Officer of Storengy Laurence POIRIER-DIETZ Chief Executive Officer of GRDF Sandra ROCHE VU QUANG Chief Executive Officer of Elengy Éric STAB Managing Director Europe & AMEA, Chief Operational Efficiency Officer, Country Manager Romania & CEO BU NECST ad interim

Édouard SAUVAGE EVP Networks

Thierry TROUVÉ

Chief Executive Officer of GRTgaz

Delphine BERG

Chief Legal Officer

André CANGUÇÙ

Managing Director Americas

Raphaëlle CASTILLON

Chief Finance, Strategy & BDO Officer Networks and Chief Financial Officer Storengy

Sophie QUARRÉ DE VERNEUIL

Chief HR & Communication Officer

INFRASTRUCTURES

includes the following entities

GRDF, GRTgaz, Elengy, Storengy, TAG, TEN, EBE, Distrigaz Sud Retele, ENGIE Mexico, EEC, GNLM, EEP

THERMAL & SUPPLY

Provide flexible, affordable electricity production to support the development of renewable energy

21 M

main countries

of B2C contracts in five

of production capacity @100%

68 Mt

of CO2 emissions per year for energy production (including Energy Solutions)

THERMAL

EXPERTISE

• Electricity production from gas
• Electricity storage
• Water desalination

KEY OBJECTIVES

• 90% fleet availability

• Coal exit by 2025 in Europe and by 2027 worldwide

HYDROGEN

EXPERTISE

• Coordination of hydrogenrelated activities at ENGIE
• Large-scale production of renewable hydrogen

Production capacities of renewable hydrogen of 0.6 GW by 2025 and 4 GW by 2030

KEY OBJECTIVE

ENERGY SUPPLY TO B2C CUSTOMERS

EXPERTISE

• Gas and electricity sales
• Energy services
• Energy access
• KEY OBJECTIVES
• Portfolio growth, mainly in power
• Reduction of CO2 emissions: -34% between 2017 and 2030 (including B2B)

Management Team

€1.4bn

in 2020

Current operating income

Sébastien ARBOLA

EVP Thermal Generation, Hydrogen and Energy Supply

Axel LEVÊQUE

Managing Director Thermal Americas, Country Manager Chile & Argentina & CEO EECL

Frédéric CLAUX

Managing Director Thermal AMEA and Country Manager Middle East and Pakistan

Cédric OSTERRIETH

Managing Director Thermal Europe

Hervé-Matthieu RICOUR

Managing Director Global BtoC Supply

Michèle AZALBERT

Managing Director Green Hydrogen

Gillian-Alexandre HUART

Managing Director ENGIE Energy Access

Rosemarie BISSELING

Chief HR & Communication Officer Thermal & Supply and HR Vice President AMEA

Laurence BORIE-BANCEL

Chief Operational Support Officer

Julien POCHET

Chief Legal Officer

Céline REGNAULT

Chief Digital & Data Officer Thermal & Supply and Customer Experience Director for France BtoC

Valérie RUIZ DOMINGO

Group Hydrogen Vice President

Mireille VAN STAEYEN

Chief Financial Officer

THERMAL & SUPPLY

includes the following entities

BtoC France, Generation Europe, Hydrogen, Energy Access, B2C Supply outside France, Thermal AMEA, Thermal Americas