A WORLDWIDE ENERGY REVOLUTION
A WORLD MOVING TOWARDS THE ENERGY REVOLUTION A LOW CO 2 ENERGY MIX A TECHNOLOGICAL AND DIGITAL REVOLUTION SOCIAL AND CULTURAL TRANSFORMATION 2
A GLOBAL AGREEMENT ON CLIMATE STATES Goal of limiting global warming to +2 Recognition of the usefulness of a carbon price frame CIVIL SOCIETY COMPANIES INVESTORS IMPORTANT COMMITMENT OF ALL STAKEHOLDERS 3
DROP IN COMMODITY PRICES IN 2015 BRENT GAS EUROPE / ASIA POWER EUROPE In $/bbl 105 95 85 75 65 55 45 Forward 2017 50 40 30 20 In /MWh Forward month ahead In /MWh 50 40 30 20 Forward 2017 35 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 10 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 10 Jan-14 Jul-14 Jan-15 Jul-15fév. Jan-16 TTF JKM PEG Sud Germany Belgium Spain 4
AN AMBITIOUS STRATEGIC TRANSFORMATION PLAN TO BECOME LEADER OF THE WORLD ENERGY TRANSITION STRATEGY CO 2 low activities Integrated customers Solutions Contracted / regulated activities 2016-2018 TRANSFORMATION PLAN Redesign the portfolio 15 bn portfolio rotation 22 bn capex 1.5 bn to pave the way for the future 1 bn performance program Adapt the Group SUSTAINABLE DIVIDEND POLICY 1 in 2016 0.70 in 2017-2018 5
OPPORTUNITIES TO BE SEIZED
SOLAR, ABUNDANT AND EFFICIENT ENERGY 400 350 300 250 200 150 48 $/MWh in Mexico 100 50 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 7
SOLAR, ABUNDANT AND EFFICIENT ENERGY 8
SEVERAL OPPORTUNITIES In $bn 241 + 60% 153 127 100 98 141 Renewable energy Gas T&D Energy efficiency buildings & industries 2000-2013 2014-2020 In $bn, average annual worldwide investments ($ 2012 ; source OCDE / AIE 2014) 9
ENGIE STRENGTHS 10
ENGIE TODAY
ENGIE: DEEP ROOTS FOR A FUTURE THAT IS BEING WRITTEN TODAY 1822 1858 1880 1895 1946 1990 1997 2000 2001 2008 Société Générale des Pays-Bas Compagnie Universelle du Canal Maritime de Suez Société Lyonnaise des Eaux et de l Éclairage Compagnie Mutuelle de Tramways Gaz de France Electrabel Suez Lyonnaise des Eaux International Power SUEZ GDF SUEZ 2015 ENGIE 12
ENGIE BRINGS SOLUTIONS TO ITS CLIENTS RELYING ON ITS EXPERTISE ALL ALONG THE ENERGY CHAIN Consult the 2016 Integrated Report online 13
ACTIVITIES AND KEY FIGURES* Energy Services No.1 energy efficiency services provider worlwide No.3 seller of natural gas in Europe No.7 power supplier in Europe 228 urban cooling and heating networks in 13 countries 140 million m² managed in the services sector 22 millions energy contracts, companies and services Electricity No.1 independent electricity producer in the world 117,1 GW of installed electricity production capacity 8,1 GW of electricity production capacity under construction 21,5 GW of installed renewable energy production capacity, i.e. 18,3% of Group facilities NATURAL GAS & LNG No.1 seller of gas storage capacity in Europe No.2 gas transmission network in Europe No.1 gas distribution network in Europe No.5 LNG portfolio in the world No.1 importer of LNG in Europe No.2 Largest gas terminal operator in Europe a LNG supply portfolio of 245 TWh from 6 countries a fleet of 14 LNG tankers inc. 2 regasification vessels * source: Integrated Report 2016 14
THE GROUP IN FIGURES* 154,950 employees throughout the world. Operations in 70 countries. 1 000 researchers and experts at 11 R&D centers. 22 billion of investment over 2016-2018. 69.9 billion in 2015 revenues. * At December 31, 2015 15
AN ORGANIZATION AS CLOSE AS POSSIBLE TO CUSTOMERS: 19 GEOGRAPHIC BUS 16
A TRANSFORMATION PLAN IN ACTION
REDESIGN & SIMPLIFY THE PORTFOLIO TOWARDS 3 STRATEGIC DIRECTIONS CONTRACTED / REGULATED (1) EBITDA > 85% LOWER EXPOSURE TO COMMODITY PRICES 3 DIRECTIONS CO 2 2018 AMBITIONS PRIORITY TO LOWEST CO2 OPTIONS CO 2 LIGHT ACTIVITIES (2) EBITDA > 90% DOWNSTREAM CUSTOMER SOLUTIONS EBITDA TO GROW > 50% (1) Excluding merchant power generation, E&P and LNG supply & sales (2) Low CO 2 power generation, gas infrastructures & LNG, downstream 18
REDESIGN & SIMPLIFY THE PORTFOLIO TARGETED INVESTMENTS LOW CO 2 POWER GENERATION GLOBAL NETWORKS CUSTOMER SOLUTIONS 19
TRANSFORM THE GROUP MORPHOLOGY 3 YEARS TRANSFORMATION PLAN ADAPT THE GROUP Agile and connected Technology focused Talents orientation 20
A TRANSFORMATION PLAN TO CREATE VALUE REDESIGN & SIMPLIFY THE PORTFOLIO 15 Bn Portfolio rotation 22 Bn CAPEX o/w 7 bn of maintenance DEVELOP NEW BUSINESS AND DIGITALIZE THE GROUP 1.5 Bn Emerging technologies Digital LEAN 2018 1 Bn Recurrent gains AGILE AND CONNECTED TECHNOLOGY FOCUSED ADAPT THE GROUP TALENTS ORIENTATION 21
A TRANSFORMATION PLAN TO CREATE VALUE REDESIGN & SIMPLIFY THE PORTFOLIO DEVELOP NEW BUSINESS AND DIGITALISE THE GROUP LEAN 2018 Improved risk profile Better growth potential Higher profitability 22
ENGIE IN ITALY
PRESENCE IN ITALY 24
ENGIE ITALIA - KEY FIGURES 25
ENGIE ITALIA - BUSINESS LINE 26
ITALY PRESENCE AN INTEGRATED OFFER ACROSS ALL THE VALUE CHAIN 27
ENGIE ITALIA - THINKING WITH INNOVATION, ACTING EFFICIENTLY. 28
ENGIE ITALIA - A GROUP FOR THE CUSTOMERS: WHY ENGIE 29
ENGIE ITALIA - THE RESPONSIBLE COMMITMENT 30
ENGIE ITALIA - REFERENCES (1 / 2) 31
ENGIE ITALIA - REFERENCES (2 / 2) 32
CONCLUSION An ambition to be leader of the world energy transition Clear and ambitious strategic vision A sustainable dividend policy A governance adapted to the challenges of the new energy world 33