| Alternative Performance Measures (Non-GAAP) TotalEnergies (unaudited) 3. Reconciliation of capital employed (balance sheet) and calculation of ROACE (In millions of dollars) Exploration & Production Integrated LNG Integrated Power Refining & Chemicals Marketing & Services Corporate InterCompa ny Company Adjusted net operating income 3 rd quarter 2024 2,482 1,063 485 241 364 (76) - 4,559 Adjusted net operating income 2 nd quarter 2024 2,667 1,152 502 639 379 (253) - 5,086 Adjusted net operating income 1 st quarter 2024 2,550 1,222 611 962 255 (90) - 5,510 Adjusted net operating income 4 th quarter 2023 2,802 1,456 527 633 306 (178) - 5,546 Adjusted net operating income ( a ) 10,501 4,893 2,125 2,475 1,304 (597) - 20,701 Balance sheet as of September 30, 2024 Property plant and equipment intangible assets net 83,224 25,426 15,517 12,365 6,808 676 - 144,016 Investments & loans in equity affiliates 3,850 15,609 9,341 4,117 1,046 - - 33,963 Other non-current assets 3,896 2,096 1,286 741 1,210 324 - 9,553 Inventories, net 1,444 1,595 617 11,277 3,599 - - 18,532 Accounts receivable, net 5,801 6,146 4,270 16,506 8,770 1,067 (23,783) 18,777 Other current assets 7,363 7,814 4,788 2,415 3,154 2,357 (5,958) 21,933 Accounts payable (7,035) (6,771) (5,459) (28,346) (9,809) (994) 23,746 (34,668) Other creditors and accrued liabilities (9,658) (8,693) (4,542) (5,596) (6,015) (6,207) 5,995 (34,716) Working capital (2,085) 91 (326) (3,744) (301) (3,777) - (10,142) Provisions and other non-current liabilities (24,510) (3,762) (1,801) (3,415) (1,233) 791 - (33,930) Assets and liabilities classified as held for sale - Capital employed 484 - 572 - - - - 1,056 Capital Employed (Balance sheet) 64,859 39,460 24,589 10,064 7,530 (1,986) - 144,516 Less inventory valuation effect (1,014) (205) (1,219) Capital Employed at replacement cost ( b ) 64,859 39,460 24,589 9,050 7,325 (1,986) - 143,297 Balance sheet as of September 30, 2023 Property plant and equipment intangible assets net 84,906 24,683 11,635 11,350 6,449 609 - 139,632 Investments & loans in equity affiliates 2,823 13,624 8,840 4,293 573 - - 30,153 Other non-current assets 3,473 2,874 711 722 1,124 (35) - 8,869 Inventories, net 1,542 1,768 657 14,337 4,208 - - 22,512 Accounts receivable, net 7,152 8,436 5,415 23,483 9,416 1,734 (32,038) 23,598 Other current assets 5,623 10,327 8,081 2,452 3,531 2,815 (10,577) 22,252 Accounts payable (5,860) (9,514) (5,659) (35,396) (10,972) (1,787) 31,920 (37,268) Other creditors and accrued liabilities (9,532) (12,307) (8,178) (6,803) (4,919) (6,361) 10,695 (37,405) Working capital (1,075) (1,290) 316 (1,927) 1,264 (3,598) - (6,310) Provisions and other non-current liabilities (26,342) (3,858) (1,586) (3,757) (1,207) 623 - (36,127) Assets and liabilities classified as held for sale - Capital employed 5,607 - 127 130 1,298 - - 7,162 Capital Employed (Balance sheet) 69,392 36,033 20,043 10,811 9,501 (2,402) - 143,378 Less inventory valuation effect (1,809) (476) (2,285) Capital Employed at replacement cost ( c ) 69,392 36,033 20,043 9,002 9,025 (2,402) - 141,093 ROACE as a percentage ( a / average ( b + c )) 15.6% 13.0% 9.5% 27.4% 16.0% 14.6% 45 |