EX-99.3 4 tm2313497d1_ex99-3.htm EXHIBIT 99.3

 

Exhibit 99.3

 

CAPITALIZATION AND INDEBTEDNESS OF TOTALENERGIES 

(unaudited)

 

The following table sets out the unaudited consolidated capitalization and long-term indebtedness, as well as short-term indebtedness, of TotalEnergies SE and the consolidated entities directly or indirectly controlled by TotalEnergies SE (collectively, “TotalEnergies”) as of March 31, 2023, prepared on the basis of IFRS. Currency amounts are expressed in U.S. dollars (“dollars” or “$”) or in euros (“euros” or “€”).

 

   At March 31, 
   2023 
   (in millions of dollars) 
Current financial debt, including current portion of non-current financial debt     
Current portion of non-current financial debt   6,584 
Current financial debt   11,300 
Current portion of financial instruments for interest rate swaps liabilities   280 
Other current financial instruments — liabilities   317 
Financial liabilities directly associated with assets held for sale   0 
Total current financial debt   18,481 
Non-current financial debt   42,915 
Non-controlling interests   2,863 
Shareholders’ equity     
Common shares   7,828 
Paid-in surplus and retained earnings   123,357 
Currency translation adjustment   (12,784)
Treasury shares   (2,82)
Total shareholders’ equity — TotalEnergies share   115,581 
Total capitalization and non-current indebtedness   161,359 

 

As of March 31, 2023, TotalEnergies SE had an authorized share capital of 3,533,841,609 ordinary shares with a par value of €2.50 per share, and an issued share capital of 2,490,262,024 ordinary shares, of which 35,714,880 were treasury shares. For more information on the delegations of authority and powers granted to the Board of Directors with respect to share capital increases and authorization for share cancellation, see Exhibit 15.1 (section 4.4.2, chapter 4) to the Annual Report on Form 20-F for the year ended December 31, 2022, filed with the Securities and Exchange Commission on March 24, 2023.

 

As of March 31, 2023, approximately $8,144 million of TotalEnergies’ non-current financial debt was secured and $34,772 million was unsecured, and all of TotalEnergies’ current financial debt of $18,481 million was unsecured. As of March 31, 2023, TotalEnergies had no outstanding guarantees from third parties relating to its consolidated indebtedness.

 

On March 29, 2023, TotalEnergies SE announced the redemption in full of its €1,000,000,000 (approximately $1,097,300,000 using the €/$ exchange rate on April 21, 2023 of €1=$1.0973, as released by the Board of Governors of the Federal Reserve System on April 24, 2023) Undated Non-Call 6.6 Year Deeply Subordinated Fixed Rate Resettable Notes to be effective on May 5, 2023.

 

For more information about TotalEnergies’ off-balance sheet commitments and contingencies, see Note 13.1 of the Notes to TotalEnergies’ audited Consolidated Financial Statements in its Annual Report on Form 20-F for the year ended December 31, 2022, filed with the Securities and Exchange Commission on March 24, 2023.

 

Except as disclosed herein, there have been no material changes in the consolidated capitalization, indebtedness and contingent liabilities of TotalEnergies since March 31, 2023.