2018 performance - edf · and electric mobility, edf group has a number of specialist companies to...

2018 PERFORMANCE

2018 Performance | 1

MAP OF OUR BUSINESSES �� 2

SUPPLY OF ELECTRICITY, GAS AND HEATING TO 39.8 MILLION CUSTOMERS �� 4

SOLUTIONS TO SUPPORT CUSTOMERS IN THEIR ENERGY TRANSITION �� 6

EDF GROUP’S NET INSTALLED CAPACITY BY COUNTRY �� 8

EDF GROUP’S NET GENERATION BY COUNTRY �� 10

EDF GROUP’S NUCLEAR FACILITIES �� 12

EDF GROUP’S NET RENEWABLE CAPACITY BY COUNTRY �� 14

EDF GROUP’S NET RENEWABLE GENERATION BY COUNTRY �� 16

EDF GROUP’S CO2 EMISSIONS IN 2018 �� 18

FINANCIAL AND NON�FINANCIAL PERFORMANCE �� 20

2018, A RECOVERY IN FINANCIAL AND OPERATING PERFORMANCE �� 22

UNWAVERING COMMITMENT TO LOW�CARBON GROWTH �� 24

EDF GROUP �� 26

OPERATING PERFORMANCE �� 30

NON�FINANCIAL RATING �� 41

35.5 million tonnesWe achieved an exceptional carbon performance in 2018. We moved forward in our plans to divest carbon assets, as I’d previously announced, and continued developing renewable energy and maintaining our low-carbon (nuclear and hydropower) assets to extend their useful life and improve availability. With the help of higher rainfall, we achieved 97% carbon-free electricity in France, and our worldwide emission performance is in a class of its own, at 57 g of CO2/kWh. And that’s not the only good news. Our technical and financial performance also turned around, making 2018 a very satisfactory year.

Jean-Bernard Lévy,EDF Chairman & Chief Executive Officer

THE COVER IMAGE OF THE 2018 PERFORMANCE DOCUMENT IS FROM EDF’S NEW AD CAMPAIGN “BE THE ENERGY FOR CHANGE”, A COLLECTIVE APPEAL TO SPEED UP THE ENERGY TRANSITION MOVEMENT AND THE ERADICATION OF CO2 BY TRANSFORMING OUR GENERATION AND CONSUMPTION PRACTICES.

2 | EDF 2018 Performance | 3

MAP OF OUR BUSINESSES

© E

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– Fr

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Odd

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Supply of electricity, gas and heating to 39.8 million customers at 31/12/2018

Europe

FranceEDF:

28.2 MSEI:

1.2 MÉlectricité de Strasbourg:

658,000Dalkia:

around 31,000(2)

United Kingdom

EDF Energy: 5.1 M

Belgium Luminus:

1.7 M

Italy Edison:1.6 M(1)

Electricity34.7 M customersGas5.1 M customers

EDF group supplies electricity and gas to nearly 40 million residential, business and local authority customers worldwide. It is a major energy supplier in the key European markets: Belgium, France, Italy and the United Kingdom. To meet the needs of its customers, increasingly actively engaged with their consumption, EDF offers more and more digital, innovative and local products and solutions.

AfricaUnited Kingdom EDF Energy3.2 M electricity customers1.9 M gas customers

4.9 M residential customers 11.7 TWh electricity sold to residential customers, i.e. 11.2% market share28.8 TWh gas sold to residential customers, i.e. 9% market share

Electricity market3.0 M residential customers0.2 M SME customers2.1 TWh sold to SMEs30.1 TWh sold to large industrial and business customers (a few thousand sites)

United States and Canada EDF Energy Services (100% EDF) Over 700 key accounts100 electricity customers over 700 gas customers

32.3 TWh electricity sold (end-customers)127.8 TWh gas sold (end-customers)Ranked in the top five of retail electricity suppliers in North America.

France EDF26.7 M electricity customers1.5 M gas customers

Over 280 TWh electricity sold, i.e. 65% market share31 TWh gas sold, i.e. 6.6% market share

25.9 M residential customers (over 81% electricity market share)1.5 M business customers (small business and industry customers, local authorities)

France SEI1.2 M electricity customers(3)

26,000 gas customers

8,594 GWh consumed(3)

51% residential consumption 24% retail and service sector consumption 11% business consumption14% public sector purchaser consumption

France Électricité de Strasbourg (ÉS)0.5 M electricity customers 0.1 M gas customers

6 TWh electricity sold4.5 TWh gas sold

461,000 residential customer contracts43,000 small business customer contracts12,000 local authority customer contracts

France Dalkia group31.2 TWh sold (27.1 TWh heating and cooling and 4.1 TWh electricity)

2,300 industrial sites80,000 energy installations managed330 district heating networks2 M homes heated (energy services for buildings)

Belgium Luminus1.1 M electricity customers 0.6 M gas customers

12.3 TWh electricity sold, i.e 20% market share14.9 TWh gas sold, i.e 10.6% market share

United States and Canada

EDF Energy Services:

over 700 key accounts

Italy Edison0.66 M electricity customers 0.94 M gas customers

13.7 TWh electricity sold (end customers)77.5 TWh gas sold (end customers)

Electricity market0.49 M residential customers0.17 M small business and industry customers

Gas market0.93 M residential customers0.01 M small business and industry customers

The values correspond to the expression to the first decimal or integer closest to the sum of the precise values, taking into account rounding.

(1) Including customers’ service activities.(2) Dalkia in France and excluding specialist subsidiaries. (3) Excluding Saint-Pierre-et-Miquelon customers.(4) Electricity mainly supplied through photovoltaic facilities and kits combined with a battery or solar electric power.

This map shows the number of customers by site. A customer may have several delivery points: one or more for electricity and another for gas.

Togo BBOXX

Senegal ERA

Côte d’Ivoire

ZECIGhana ZEGHA

South Africa

KES

80,000 customers,i.e. nearly 400,000 people supplied with electricity(4)


Solutions to support customers in their energy transition

Active in efficiency, innovative services to support new uses, decentralised electricity generation, urban services and electric mobility, EDF group has a number of specialist companies to support customers in their energy transition. In France, EDF aims to double its revenue generated from the supply of energy services for businesses and local authorities by 2025 and to increase that revenue to €11 billion by 2030.

Data at 31 December 2018. Non�exhaustive list of Group companies.

FranceEDF Store & Forecast (100% EDF)

Optimisation and smart management of local electricity systems using forecasting and storage.

€2.5 million: revenue22 employeesMarket segments: renewable energy producers, network managers, aggregators and self-producers (service sector and industry)

82 MW of capacity installed worldwide (up 121% relative to 2017)95 MW of storage capacity worldwide (up 239% relative to 2017)11,000 tonnes of CO2 avoided

FrancePerfesco (100% EDF)

Design, financing, installation, operation and maintenance of energy efficiency improvement solutions. Performance management and monitoring.

€2 million: revenue10 employeesMarket segments: industry and service sector

15 industrial customer sites, as well as 270 Esso Express service stationsUp to 90% reduction in energy consumption for certain sources

FranceNetseenergy (100% EDF)

Energy management: on-site digital energy audits; monitoring by sensor installation and consumption optimisation.

€7 million: revenue 55 employeesMarket segments: industry, service sector and local authorities

16,000 sites equipped46,000 energy measurement devices read each day

FranceCitelum (100% EDF)

Smart public lighting and urban equipment solutions. Management of connected objects via the Muse® digital platform for managing urban assets.

€318 million: revenue (75% generated outside France)2,500 employeesMarket segments: local authorities, industry and service sector in Europe (Belgium, Denmark, Spain, France, Italy) and the Americas (Brazil, Chile, United States, Mexico)

205 active contracts (public lighting, illumination, maintenance)3 million lighting points managed worldwide30 million people benefiting from lighting worldwide1.7 million connected objects and urban equipment (traffic light, cameras, sensors, etc.) managed by the Muse® platformUp to 75% reduction in customers’ electricity consumptionOver 30 million kWh saved in 2018 through the design and upgrading of public lighting

FranceIzivia (100% EDF)

Electric mobility solutions.

€7.4 million: revenue55 employeesMarket segments: service sector, local authorities, industry, general public; 25% share of B2B/BTG market

8,350 charging points managed and operated200 Corri-Door rapid charging stations located every 80 km on French motorways300 additional stations currently being installed

Share of charging stations operated (as %)

Local authorities 51%

Directly operated 5%

B2B customers 44%

FranceDalkia Froid Solutions (100% Dalkia)

Cooling solutions for industry and the commercial sector, climate engineering and air treatment.

€148 million: revenue1,050 employees, including 600 repair technicians12,000 customers

Breakdown of customers (by market segment)

Industry 2,500

Hotels/restaurants 1,500

Large and medium retailers 2,000

Service sector 1,500

Local authorities 1,000

Other: food and drink, bakeries, retail

outlets, wine production, etc.

3,500

FranceEDF Renouvelables (100% EDF)

Decentralised solar power generation solutions.

€69 million: revenue285 employeesMarket segments: residential and small business customers; 25% share of residential customer market

120 approved installation technicians200 MWp installed1,400 remotely managed solar power plants

Breakdown of customers (by market segment)

Residential customers

21,000

Self-consumption installations 6,600

Small businesses 3,000

FranceDalkia Wastenergy (100% Dalkia)

Waste recycling to generate energy in the form of heat and electricity.

€222 million: revenue1,150 employeesMarket segments: waste management or local authorities

24 waste management authority customers3 million tonnes of waste treated2.7 TWh d’électricité et de vapeur vendus935,000 tonnes of CO2 emissions avoided800,000 people supplied with energy annually

FranceDalkia Biogaz (100% Dalkia)

Design of biogas generation and recycling units.

€20 million: revenue59 employeesMarket segments: industry, farms, non-hazardous waste storage facilities, local authorities

120 GWe produced at 21 sites12,000 tonnes of CO2 avoided

United KingdomImtech (50% EDF Energy/50% Dalkia)

Climate engineering and energy consumption reduction solutions. Low-carbon solutions. Decentralised and renewable energy generation.

€460 million: revenue2,100 employeesMarket segments: buildings, industry, service sector, local authorities

ItalyZephyro (100% Edison)

Energy management and energy efficiency services.

€72 million: revenue250 employeesMarket segments: public administrations

Breakdown of revenue by activity (as %)

Hospitals 81%

Public buildings 7%

Public lighting8%

Residential 1%Other 2%

FranceDalkia Smart Building (100% Dalkia)

Design and construction of digital energy solutions: smart buildings, smart heating and electricity grids.

€102 million: revenue150 employeesMarket segments: local authorities, service sector, green data centres

3,000 customers140 GWh of energy saved annually540 GWh of renewable energy recycled annually100,000 tonnes of CO2 avoided annually

FranceDalkia group (100% EDF)

Development, installation and management of energy solutions and services. Covers the entire value chain, from decentralised generation to managing energy demand.

€4.2 billion: revenue16,600 employeesaround 31,000 customers(1)

Market segments: housing, service sector, industry, health, local authorities

4.2 million tonnes of CO2 avoided in 201838.2% Proportion of renewable or recycled energy

Breakdown of revenue by activity (as %)

Energy services for buildings 36%

Energy services for industry

13% Heating and cooling networks 26%

Installation (design,

construction) 11%

Other 14%

Heating and cooling networks Energy efficiency solutions Decentralised low-carbon generation Recycling local resources Optimisation and smart management of local electricity systems Financing Energy management system Urban services

(1) Dalkia in France and excluding specialist subsidiaries.


France(1)

95,317 63,130 22,380 6,505 3,301

131,101 73,782

32,538 12,614 12,088

Italy6,517

4,499 2,018

Belgium1,983

840 768 375

EDF group’s net installed capacity by country (in MWe) at 31/12/2018

Europe 119,571

Nuclear Fossil-fired (coal and fuel oil) Gas (including cogeneration) Renewables (including hydropower)

Portugal205

205

Netherlands435

435

United Kingdom

12,709 7,138 3,991 1,333

247

Americas 7,247

Asia 3,675Laos432

432

China2,659

2,021 525 113

Vietnam402

402 Turkey

267 267

South Africa

56 56

United States(2)

4,871 2,851 2,020

Canada631

631Mexico349

349

Chile188

188

Germany309

309

Poland134

106 28

4,400 2,020

827

Africa 106 106

Middle East 502 502

71,237 26,803 10,859 10,673

2,021 727 525

402

Brazil1,208

827 381


(1) Including small hydropower plants in France and assets in overseas France.(2) Excluding EDF Renewables’ energy storage capacity and biogas generation.

Data consolidated according to EDF’s percentage ownership in Group companies, including associates and joint ventures.

Israel193

193

United Arab Emirates

43 43

Morocco50

50

Switzerland1,711

912 450 200 148

Greece250

250

India182

182

The Group is driving its transformation forward based on an energy mix that combines nuclear and renewable power. In France, it is implementing an industrial strategy of extending the operating life of nuclear power plants beyond 40 years by investing €45 billion in the Grand Carénage programme between 2014 and 2025 and preparing to roll out the Solar Power Plan. Internationally, the Group is developing its positions in wind (onshore and offshore), hydro and solar power in new markets: the Middle East, Brazil, Chile, India and China.


EDF group’s net generation by country (in GWhe) at 31/12/2018

Nuclear Fossil-fired (coal and fuel oil) Gas (including cogeneration) Renewables (including hydropower)

623,294 475,501

80,884 43,322 23,588

France(1)

463,794 393,176 52,107 9, 872 8,640

United Kingdom71,871

59,098 6,825 4,690 1,258

Italy19,709

15,186 4,523

Belgium 7,467

4,999 1,760 708

Switzerland4,029

1,555 1,386 587 500

Netherlands1,799

1,799

Germany860

860

Portugal491

491

Poland360

254 106

Greece499

499

Bulgaria(2)

156 156

Europe 571,034 458,658 62,411 36,029 13,935

Americas 35,210

Asia 15,446

Canada1,874

1,874Mexico659

659

Chile372

372

16,637 13,809 4,764

9,653 3,059 2,529 205

Brazil5,897

4,764 1, 133

United States(3) 26,409

16,637 9,772

Vietnam2,529

2,529

China10,090

9,653 231 205

Laos2,446

2,446


(1) Including small hydropower plants in France and assets in overseas France.(2) Installed capacity sold in May 2018. January-May generation included in the 2018 figure.

(3) Excluding EDF Renewables’ energy storage capacity and biogas generation.

Africa 449 449

Middle East 1,157 1,157


Turkey723

723

South Africa

317 317

Israel251

251

United Arab Emirates

183 183

Morocco132

132

India382

382

The Group’s operating performance was marked mainly by an increase in nuclear generation in France, and very high rainfall in Europe. In the United Kingdom, the fall in nuclear output (4.8 TWh less than in 2017) was attributable for the most part to two extended shutdowns for graphite inspections and safety studies, as well as two additional scheduled shutdowns.


(U) Natural uranium graphite gas-cooled reactor (UNGG).(R) Pressurised water reactor (PWR).(E) Heavy water reactor (HWR).(N) Fast-neutron reactor (FNR).

EDF group is the world’s leading nuclear operator, with 58 reactors in France and 15 in the United Kingdom. These facilities give France a considerable lead over its European neighbours in terms of limiting greenhouse gas emissions while keeping the price of electricity down. To maintain its position as leader in the generation of very low-carbon electricity, the Group is accelerating development of renewable energy capacity while also ensuring the safety, performance and competitiveness of its nuclear plants. It has started construction and commissioning of five EPRs in France, China and the United Kingdom.

In the United Kingdom

In the United States In China

EDF group holds 49.99% of Constellation Energy Nuclear Group (CENG), a joint venture with Exelon Corporation, the leading US nuclear energy operator with five reactors at three plants for total capacity of 4,272 MW. The operating licences for Units 1 and 2 at Calvert Cliffs, Units 1 and 2 at Nine Mile Point and for R.E. Ginna are valid for 60 years.

As part of a long-term nuclear power cooperation agreement with Electrabel, EDF holds 50% in undivided co-ownership of the Tihange 1 nuclear power plant through its wholly owned subsidiary EDF Belgium. The capacity attributed to EDF is 481 MW, i.e. 2% of Belgium’s total generation capacity. Luminus (EDF 68.63%) owns 10.2% or 419 MW of the Tihange 2 and 3 and Doel 3 and 4 power plants.

EDF Energy (EDF 100%) owns and operates 15 nuclear reactors at eight power plants. Energy company Centrica has a 20% stake in the company that owns these generation assets.

Breakdown of facilities:

• Seven advanced gas-cooled reactors (AGR), designed for a nominal operating life of 25 years

• One pressurised water reactor (PWR), designed for an operating life of 40 years

Since EDF’s acquisition of British Energy, the operating life of AGR power plants has been extended by an average of eight years. The most recent extensions were announced in February 2016. The operating life of Hartlepool and Heysham 1 was extended by five years, and that of Heysham 2 and Torness by seven years.

EDF Energy has a 66.5% stake in the project to build two PWRs at Hinkley Point, with the remaining 33.5% held by China General Nuclear Power Corporation.

Calvert Cliffs 2

RE Ginna 1

Tihange 1:50%

Tihange 2 and 3:10.2%

Doel 3 and 4:10.2%

Hunterston B 2

520 250

Heysham 2 2

520 250

Torness 2

550 180

Hartlepool 2

530 200

Dungeness B 2

550 200

Gravelines 6

1,830 1,000

Fessenheim 2

694 300

Cruas- Meysse

4 1,307 500

Tricastin 4

1,408 600

Cattenom 4

1,343 795

Paluel 4

1,422 630

Penly 2

770 270

Saint-Alban 2

777 411

Golfech 2

763 250

Blayais 4

1,293 700

Civaux 2

815 250

Nogent- sur-Seine

2 779 400

900 MW PWRs 1,300 MW PWRs 1,500 MW PWRs Advanced gas-cooled reactors (AGRs) EDF group shareholdings

Number of reactors in operation at plant Reactors under construction (EPRs) Reactors being decommissioned Reactors decommissioned

EDF employees at plant Permanent employees

of service providers at plant

Dampierre 4

1,355 580

Belleville 2

782 265

Heysham 1 2

530 200

Chooz 2

764 250

Brennilis

Taishan

Creys- Malville

Flamanville 2

778 370

Saint- Laurent- des-Eaux

2 770 250

Nine Mile Point

2

Net installed capacity:

63,130 MWNet installed

capacity: 8,900 MW

Bugey 4

1,380 800

2(U)

1(R)

Hinkley Point 2

530 220

1(U)

Chinon 4

1,358 700

The Group’s nuclear facilities in France comprise 58 pressurised water reactors (PWR) at 19 power plants owned by EDF. With an average age of around 33 years and estimated technical operating life span of over 40 years, EDF’s nuclear fleet is about average compared to others installed worldwide.

Breakdown of nuclear facilities:

900 MW

34 nuclear units each of 900 MW, average age of 37 years.

1,300 MW

20 nuclear units each of 1,300 MW, average age of 30 years.

1,500 MW

4 nuclear units each of 1,500 MW, average age of 18 years.

EDF’s first-generation plants (nine reactors) were gradually shut down and are now being decommissioned.EDF has 12 reactors (totalling 1.5 GW), which it co-owns with EnBW (17.5% of Fessenheim 1 and 2.5% of Cattenom 1 and 2); Axpo Group (17.5% of Bugey 2 and 3); Engie Group (12.5% of Tricastin 1 to 4); EDF subsidiary Luminus (3.3% of Chooz B1 and B2)

In France In Belgium

EDF group’s nuclear facilities at 31/12/2018

1(U)2(U)

1EPR

2EPR

2EPR

1(E)

1(N)

Sizewell B 1

520 >250

EDF holds 30% of the share capital of TNPJVC (Taishan Nuclear Power Joint Venture Company Ltd), which was set up to build and operate two EPRs, each of 1,750 MW, in Taishan, Guangdong Province. One of these reactors was commissioned in December 2018, making it the world’s first EPR in commercial operation.


EDF group’s net renewable capacity by country (in MWe) at 31/12/2018

France(1) 22,380 20,327 1,340 240 240 225 8

2,499

Italy 2,018 988 938 87 5

57

Switzerland 912 836 73 3

Belgium 375 329 46 0,1

Germany 309 184 125

Greece 250 238 12

United States 247 243 4

Portugal 205 205

Poland 106 106

United States 2,851 2,606 205 40

Canada 631 588 42

Brazil 381 199 182

Mexico 349 230 120

Chile 188 131 58

Laos 432 432

India 182 100 82

China 113 103 10

Asia727

432 185 110

Americas(2)

4,400 3,663 697 40

Turkey 267 267

Israel 193 193

South Africa 56 56

Morocco 50 50

United Arab Emirates 43 43

Africa Middle East609

374 235

Europe26,803

22,321 3,656 328 249 240 8

2,557

32,538 22,753 7,877 1,371 289 240 8

2,557

Hydropower

Wind Solar

Biomass Tidal

Geothermal

Renewable Heat (in MWth)



(1) Including small hydropower plants in France and assets in overseas France.(2) Excluding EDF Renewables’ energy storage capacity and biogas generation. Europe Americas Asia Africa / Middle East

9122,018

631 432

22,380

2,851

381 375 309 267 250 247 205 193 188 182 113 106 56 50 43349

Brazil

BelgiumMexico

Germany

Turkey

Greece

United Kingdom

Portugal

IsraelChile

India

China

Poland

South Africa

Morocco

United Arab Emira

tes

France

United States

LaosIta

ly

Switzerla

nd

Canada

The share of renewable energy in EDF group’s installed capacity increased to 25%. Excluding hydro, the Group had 9.2 GW of net installed wind and solar power capacity in 2018. It has launched an unprecedented acceleration in renewable energy with the aim of doubling the installed capacity at its renewable facilities from 28 GW in 2014 to 50 GW in 2030.


BelgiumBrazil

Canada

Mexico

Germany

Turkey

Greece

United Kingdom

Portugal

IsraelChile

India

China

Poland

South Africa

Morocco

United Arab Emira

tes

France

United States

LaosIta

ly

Switzerla

nd

EDF group’s net renewable generation by country (in GWhe) at 31/12/2018

France(1) 52,107 47,993 2,573 803 522 212 5

8,976

Italy 4,523 3,006 1,365 113 38

33

Belgium 708 567 142

Switzerland 1,555 1,437 115 3

United Kingdom 1,258 1,238 21

Germany 860 620 240

Greece 498 480 18

Portugal 491 491

Poland 254 254

United States 9,772 8,807 665 299

Canada 1,874 1,848 26

Brazil 1,133 678 456

Mexico 659 659

Chile 372 268 103

Laos 2,446 2,446

India 382 214 168

China 231 222 9

Asia3,059

2,446 436 177

Americas(2)

13,809 11,873 1,637 299

Turkey 723 723

South Africa 317 317

Israel 251 251

United Arab Emirates 183 183

Morocco 132 132

Africa Middle East1,605

1,171 434

Europe62,411

53,353 7,323 861 522 347 5

9,010

80,884 55,799 20,804 2,595 1,160 522 5

9,010



(1) Including small hydropower plants in France and assets in overseas France.(2) Excluding EDF Renewables’ energy storage capacity and biogas generation. Europe Americas Asia Africa / Middle East

9,7722,446

4,5231,555 1,258 8601,874

659723 708 4981,133 491 251372382 231254317 132183

52,107

Hydropower

Wind Solar

Biomass Tidal

Geothermal

Renewable Heat (in MWth)

EDF group is an active player in the energy transition, with over 80 TWh produced in 2018, the largest producer of renewable energy in Europe and the leading producer of hydropower in the European Union. The very high rainfall in Europe in 2018 led to a record high output of more than 53 TWh (42 TWh in 2017). The share of wind and solar power in the Group’s generation mix now stands at 3%.


The reduction in EDF group’s direct greenhouse gas emissions between 2017 and 2018 (88 g/kWh produced in 2017 compared with 66 g/kWh in 2018) is mostly linked to the sale of EDF Polska’s coal-fired plants in Poland, as well as more favourable conditions, such as very high rainfall in Europe and a significant improvement in the availability of French nuclear plants. Although up in 2018, the average price of CO2 would have made it possible to further reduce CO2 emissions by modifying the Group’s merit order,(3) and therefore the use of fuel oil and coal-fired plants.

Comparison of specific CO2 emissions of EDF groupand a panel of European electricity utilities(4) g/kWh

RWE group 682(4)

Enel 411(4)Engie

286(4)

European average 299(5)

Iberdrola 139

EDF SA

EDF group in France(6)

EDF group in Europe

EDF group is one of the world’s leading energy producers, not only in terms of net installed capacity and electricity generation, but also in terms of carbon performance, with very low CO2 intensity, currently at 66 g/kWh produced.(1) This makes the Group the undisputed leader of the electricity sector, where average global emissions stand at around 490 g/kWh.(2)

Data consolidated according to EDF’s percentage ownership, including associates and joint ventures. Calculating net consolidated emissions gives an overall view of all of EDF’s assets, as each plant is included according to EDF ownership.

Fully consolidated, the Group’s specific CO2 emissions, excluding those of equity-accounted companies, amounted to 57 g/kWh.

(1) Direct emissions excluding the life cycle analysis of generating plants and fuel.(2) Source: International Energy Agency, 2018 (2016 figure is the most recent).(3) Ranking of generation facilities (nuclear, fossil-fired, hydro, wind, etc.) by availability and price, establishing the order in which their output is fed into the network. (4) Source: PWC study “Climate Change and Electricity. European carbon factor. Benchmarking of CO2 emissions by Europe’s largest electricity utilities”, December 2018. (5) The most up-to-date data available for CO2 emissions from fossil-fired plants in EU-28. “CO2 Emissions from Fuel Combustion”, International Energy Agency, 2018 (2016 data).(6) EDF generation and sale in mainland France, Corsica and overseas France.

17(6) 58 6632

Fortum 28(4)

EDF group worldwide

0

2

4

6

8

10

12

14

16

18

EDF group’s CO2 emissions in 2018An outstanding carbon performance


(1) Including small hydropower plants in France and assets in overseas France.(2) Enercal: electricity generation and distribution subsidiary in Nouméa, New Caledonia.(3) EDM: Électricité de Mayotte.(4) EDF sold its Polish companies but continues to operate in Poland through Dalkia and Edison.

Edison6.6 Mt

6.6 Mt

Dalkia 0.1 Mt

EDF Energy 7.2 Mt

7.3 Mt

San Men Xia 1.2 Mt

Fuzhou 4.0 Mt

Shandong Zhongua 2.6 Mt

7.8 Mt

Group companies in Poland(4)

and Switzerland

1.3 Mt Luminus0.7 Mt

0.7 Mt

Sloe Centrale 0.7 Mt

0.7 Mt

EDF Norte Fluminense

2.0 Mt

2.0 Mt

Vietnam BrazilChinaItaly United Kingdom

Other countries

CO2 emissions of EDF group companies linked to electricity and heat generation in Mt

Belgium Netherlands

Meco1.0 Mt

1.0 Mt

EDM(3) 0.1 MtEnercal(2) 0.2 MtEDF PEI 1.8 MtDalkia 6.2 Mt

EDF 7.5 Mt

15.8 Mt

France(1)

Asia 8.6 Mt

Europe 32.3 Mt

Americas 2.0 Mt

Total: 42.9 Mt


FINANCIAL AND NON-FINANCIAL PERFORMANCE

© E

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– D

enis

Alla

rd


2018, a rebound in financial and operating performance

Double-digit growth in EBITDA for 2018.

This financial performance is mainly attributable to

a 15-year high in hydropower generation in France…

…and a significant improvement in nuclear generation in France…

6

8

10

12

14

16

18

2017 2018

13.74

15.26Target range

€15.3 billion€14.8 billion

(1) Hydropower generation excluding island energy systems before deducting pumping.(2) Output after deducting pumping: 30.0 TWh in 2017 and 39.2 TWh in 2018.

05101520253035404550

2017 2018

37.1(2)

46.5

2018 EBITDA in billions of euros

Nuclear generationin TWh

The Group achieved the upper end of its EBITDA target range…

(1) Excluding Linky, New developments and Group asset disposal plan.

…and significantly exceeded its cash flow target.

Hydropower generation(1)in TWh

200

250

300

350

400

2017 2018

379.1393.2

…with an unmatched level of safety.

Automatic shutdowns of EDF reactors since 2013(1)number

(1) An automatic shutdown is a reactor safety and protection system. It is a key safety indicator that measures quality and diligence in reactor operation.

Sharp increase in availability of nuclear power in France.

Increase in hydropower generation.

All-time low number of shutdowns.

0

8

16

24

32

40

20182016201520142013 2017

34

18

31

38

28

22

+€1.1 billion2018 cash flow up €1.1 billion(1)

compared with a cash flow target of 0.

+25.4%+3.7%


Continual commitment to low-carbon growth

Over 90% of the Group’s net investments contribute to reducing the energy system’s carbon intensity…

…financed partly by disposals, which help to reduce the Group’s carbon footprint.

Innovative financing instruments.

Total net investments (excluding Group asset disposal plan)in billions of euros

€14 billion €12.7 billionNet investments in:– renewable and nuclear

energy generation;– electricity grids;– energy services.

Performance plan: debt reduction and strategic refocusing,with €10 billion(1) in disposals between 2015 and 2018

Non-controlled assets €4.3 billion

CO2 intensive businesses and non-core markets €1.6 billion

Gas infrastructure assets €1.7 billion

Real estate assets €1.6 billion

Other €0.8 billion

(1) Net debt reduction impact.

Over €3 billionin disposals of carbon intensive assets between 2017 and 2018

0

1

2

3

4

5

Funds raised(at 31/12/2018)

Funds allocated(at 31/12/2018)

4.5

3.7

95% of EDF’s research and development budget in France dedicated to decarbonising and transitioning energy systems.

Electricity generation (nuclear and renewables) and storage

56%

Electricity grids

10.5%

Other (intellectual property, partnerships, standardisation)

4.5%

Energy solutions and services, mobility and digitisation

19%

Electricity system and market studies

9.5%

Financing capacity of €30 million a year in startups with EDF Pulse Croissance

Sustainable management of regions

Decentralised energy systems

Performance of generation tools

Services to the home

Four areas of focus

Four Green Bond issues since 2013in billions of euros

€480 million(1)

Fossil-fired power plants

0.5%

Financing of:– 25 wind and solar projects worldwide.– Over 400 programmes to renew, upgrade and develop existing hydropower facilities in France.

(1) The amount of €480 million corresponds to the operating expenditure (research activities) of EDF R&D, excluding financial investments and capital expenditure.


EDF group

EBITDA by reporting segment in 2018 in Mds€

Fully consolidated Company data at 31 December 2018. The values correspond to the expression to the first decimal or integer closest to the sum of the precise values, taking into account rounding.

(1) IFRS 9 Financial Instruments is applicable as from 1 January 2018, but not retrospectively to 2017.(2) Organic change at constant scope and exchange rates.(3) The number of customers corresponds to the number of gas and electricity delivery points. (4) Excluding employees of Polish companies sold on 30 November 2018 and including Framatome at 31 December 2018. (5) Direct emissions excluding the life cycle analysis of generating plants and fuel.(6) Regulated activities: Enedis, ÉS and island activities; Enedis, an independent EDF subsidiary as defined in the French energy code.

€69 billion sales(1) 4.0% organic growth(2)

€15.3 billion: EBITDA 11.3% organic growth(2)

39.8 million customer sites(3) (34.7 M electricity and 5.1 M gas)

165,790: employees(4)

90%: carbon-free generation(5)

France – Generation and supply activities

41%

France – Regulated activities(6)

32%

International 2%

Dalkia

2%

Other

6%

€15.3 bn United Kingdom 5%

Gas

57%

Other

10%

Fuel oil

1%

Renewables

28%

Coal

4%

31,829 GWh

Nuclear

78%

Hydropower(2)

9%

Other renewables 3%Coal 1%

Fuel oil 1%

584 TWh

Electricity generation in TWh

Heat generation in GWh

Gas 8%

(1) Including marine energy: 0.24 GWe.(2) Including marine energy: 0.5 TWh.

Installed capacity in GWe

Nuclear

58%

Hydropower(1)

17%

Other renewables

8%

Coal

5%

Fuel oil

4%

126.5 GWe Gas

10%

EDF Renewables

6%

Italy 5%

Framatome

1%

Fully consolidated Company data at 31 December 2018.

Linky 0.8

UK NNB

1.6

Services 0.4

Enedis, SEI et ÉS 3.3

Other 1.6

€14 bnGrand Carénage (nuclear maintenance in France)

3.9

Renewables 1.1

Flamanville 3 0.8

Framatome 0.3

New developments in renewables & services 0.2

Total net investments, excluding disposal plan in billions of euros


EDF group low-carbon strategyTotal direct CO2 émissions(1) – in Mt CO2


(1) Direct emissions excluding the life cycle analysis of generating plants and fuel. (2) Including SEI and PEI emissions in non-interconnected regions (mainly islands).(3) The 35.5 Mt CO2 shown in the 2018 registration document (March 2019) includes, for some minor emission sources, an estimate based on the Group scope and data at the end of 2017. The actual value (35.7 Mt CO2) reflects the change in scope between 2017 and 2018, in particular the integration of Framatome.

0

8

16

24

32

40

2023201820172013 2030

48

56

64

72

80 80.6

35.5(3)

51.3

3530

Assessment of EDF group greenhouse gas emissions in 2018in Mt CO2 equivalent

2030 target:30 Mt CO2 (down 40% from 2017)

EDF group

0

100

200

300

400

500

600

700

2017 2018 2017 2018

Net research and development expenses in millions of euros

612

711

0

10

20

30

40

50

2017 2018

60

70

80 82

57

EDF group carbon factor(1) in g CO2/kWh

Our outstanding performance was linked to:– the high availability of French nuclear

power plants; – the very high rainfall in Europe; – the higher average CO2 price.

Nuclear

39%

Networks

10%

Renewables (including storage)

14%

Energy solutions/services

(including mobility 5%)

13%

23%

Digital and IT 5%

Fully consolidated Company data at 31 December 2018.

EDF group

Market design 9%

Group mandate 8%

Electricity purchased for resale to end customers

Upstream emission related to purchased

Purchases of goods and services

Other emissionsOther emissions

0

8

16

24

32

40

8

16

24

32

40

48

56

64

72

80

8

16

24

32

40

24

32

40

34.9

0.8 0.47

64.7

21.4

9.95.7 4.3 2.6 1.6 0.6

Direct emissions from electricity and

heating plants

Combustion and upstream operations of gas sold

to end customers

Non-controlling interests

Capital goods Purchase of nuclear fuel

Electricity, heating and cooling purchased for Group’s own use

Scope 1 Total 35.7(3)

Scope 2 Total 0.47

Scope 3 Total 110.8

Scope 1: direct GHG emissions due to electricity and heat generation. Scope 2: indirect GHG emissions associated with the generation of electricity, heating and cooling for the Group’s own use. Scope 3: indirect GHG emissions from operations not included in scopes 1 and 2.

–10.8

–3.4–1.6

EDF Polska

Disposal of EDF Polska’s

assets in November 2017

Strong hydro conditions

and improved availability of nuclear

power plants

Electricity generation France(2)

Other

Breakdown of net research and development budget, EDF group as %

(1) Direct emissions excluding the life cycle analysis of generating plants and fuel.


OPERATING PERFORMANCE

© E

DF

– D

enis

Alla

rd


Electricity generation in TWh

FranceEDF – Generation and supply activities


Sales to end-customers 2017-2018(4)(5) in TWh

FranceEDF – Regulated activities (Enedis, ÉS(1) and island energy systems)

Nuclear

71%

Hydropower and other

renewables

22%

Fuel oil

3%Coal 2%

Gas

2%

89.4 GWe

Nuclear

87%

Coal

1% Gas

2%

450.7 TWh

Fuel oil

79%

Hydropower

21%

2.1 GWe

Electricity generation (island energy systems(4)) in TWh

Installed capacity (island energy systems(4)) in GWe

Fuel oil

72%

Hydropower

28%

5.9 TWh

€6.3 billion EBITDA 29.2% organic growth(1)

29.7 million customers(2) (28.2 M electricity and 1.6 M gas)

62,327 employees

98% carbon-free generation(3)

€4.9 billion EBITDA 0.4% organic growth(2)

1.8 million customers (1.7 M electricity and 0.1 M gas)

43,270 employees


2017 2018

0

50

100

150

200

250

300

350

Local authorities, industry and small businesses (market prices, including transitional offer) Residential customers – market prices Local authorities, industry and small businesses (at regulated tariffs)(6)

Residential customers (at regulated tariffs)

Hydropower and other renewables

10%

0

10

20

30

40

50

60

70

80

2016 2017 2018

Equivalent outage time Enedis(5)in minutes (excl. exceptional and transport-related incidents)

6464.2 65


(1) Organic change at constant scope and exchange rates.(2) The number of customers corresponds to the number of gas and electricity delivery points. (3) Direct emissions excluding the life cycle analysis of generating plants and fuel.(4) Rounded to the nearest tenth.(5) Including EDF’s own consumption.(6) Blue professional tariff, LDC (Local Distribution Companies) at transfer price and Yellow and Green tariffs, below 36 kVA.


(1) ÉS Électricité de Strasbourg.(2) Organic change at constant scope and exchange rates.(3) Direct emissions excluding the life cycle analysis of generating plants and fuel.(4) Includes generation of wholly-owned subsidiary PEI, non-regulated activities.(5) Enedis, an independent EDF subsidiary as defined in the French energy code.

36.6

145.4

127.6

34.9

137.4

119.9

309.7292.6

0.1 0.4


United KingdomEDF Energy

ItalyEdison


Hydropower(4)

16%

Gas(3)

73%

Other renewables(5)

11%

6.3 GWe

Hydropower(7)

16%

Gas(6)

79%

Other renewables(8)

5%

19.7 TWh

Nuclear(3)

84%

Coal(4)

6%

Gas

10%

70.4 TWh

€783 million EBITDA –15.4% organic growth(1)


12,300 employees




5,372 employees


0

400

800

1200

1600

2000

2017 2018 2017 2018

0

520

1,040

1,560

2,080

2,600

2017 2018 2017 2018

1,6641,874

2,349

Nuclear(3)

63%

Coal(4)

28%

Gas(5)

9%

14.2 GWe

Electricity generationin TWh

Petrol and condensate generationin thousands of barrels


(1) Organic change at constant scope and exchange rates.(2) Direct emissions of EDF Energy excluding the life cycle analysis of generating plants and fuel.(3) Including 4,451 MW in generation and energy efficiency services to 166 MW customers.(4) Including 1,012 MW in generation and energy efficiency services to 2 MW customers.(5) Including 672 MW in generation and energy efficiency services to 3 MW customers.(6) Including 14,724 GWh in generation and energy efficiency services to 859 GWh customers.(7) Including 3,080 GWh in generation and energy efficiency services to 5 GWh customers.(8) Including 994 GWh in generation and energy efficiency services to 3 GWh customers.(9) Includes part of the generation from Croatia (Izabela gas field) imported to Italy since 2014.


Installed capacityin GWe

354437

1,636

1,9092,127

0

10

20

30

40

50

60

70

2017 2018

0

20

40

60

80

Nuclear generationin TWh

59

–4.9% compared with 201764

Gas generationin millions of cubic metres


(1) Organic change at constant scope and exchange rates.(2) Direct emissions of EDF Energy excluding the life cycle analysis of generating plants and fuel.(3) The figures shown represent 100% of nuclear capacity and generation, which break down 80%/20% between EDF Energy and Centrica.(4) Coal capacity represents “connection input capacity”. Net power including biomass. (5) Gas capacity includes 1.35 MW from Barkantine CHP.

Gas in Italy(9)Petrol and

condensates in Italy

Gas excluding ItalyPetrol and

condensates excluding Italy

34.2 SME & IC

11.7 Centrica (20%)

12.8 Residential

17.4 Net wholesale market

76

sales

Upstream/downstream electricitybalance of EDF Energyin TWh


BelgiumLuminus and EDF Belgium(1)

Installed capacityin GWe

Nuclear

34%

Hydropower

3%

Gas

47%2.6 GWe

Other renewables

17%

Nuclear

61%

Hydropower

2%

Gas

28%9 TWh

Other renewables

8%



2,052 employees




(1) Electrabel, EDF holds 50% in undivided co-ownership of the Tihange 1 nuclear power plant. (2) Organic change at constant scope and exchange rates.(3) Direct emissions excluding the life cycle analysis of generating plants and fuel.

Framatome(1)

€202 million EBITDA contributed to EDF Organic growth not applicable

€261 million net investments in 2018

14,500 employees(2)

(1) On 4 January 2018, Areva NP subsidiary New NP became Framatome, a company owned by EDF group (75.5%), Mitsubishi Heavy Industries (19.5%) and Assystem. See Framatome press release of 4 January 2018.Edvance, owned 80% by EDF and 20% by Framatome, was created in June 2017. It brings together the two companies’ nuclear island engineering (basic and detailed design) and construction (supply, assemblies and startup) activities.(2) Data for Framatome scope at the end of 2018.

A major player in the nuclear sector

€3.3 bnSales(2)

€13 bnFramatome

backlog

56industrial and

commercial locations in

18 countries(2)

6 business units

Installed base: maintenance and engineering services for existing nuclear fleets and plants under construction.

Fuel: development, design, licensing and production of fuel assemblies.

Large projects: management and execution of new build projects.

Components: design and manufacture of heavy and mobile components for nuclear islands.

Instrumentation and Control: design and manufacture of nuclear safety instrumentation and control systems.

Engineering and Design Authority: development, design and licensing of steam supply systems and services.


EDF Renewables


Wind

51.6%

Wind

83%

Other

2.3%

8.2 GWe

Solar

16%

Solar

46.1%


(1) 2018, sale by EDF Renouvelables of a 49% interest in 24 wind farms in the United Kingdom. This transaction had no impact on EBITDA as EDF Renouvelables has retained control. (2) Organic change at constant scope and exchange rates.(3) Direct emissions excluding the life cycle analysis of generating plants and fuel.

Hydropower

1%

Wind

85%

Biomass

2%

14.8 TWhe

Solar

12%

Electricity generationin TWhe

Net capacity under construction in GWe

Americas Europe

0

2

4

6

8

10

12

Operation and maintenance capacity in TWh

10.8

4.4

Total15.2

€856 million EBITDA(1) +4.1% organic growth(2)

€903 M EBITDA Generation +15.0%

3,853 employees


1. 5 GWe

Hydropower

0.5% Biomass

0.5%

0

200

400

600

800

1000

1200

1400

2017 2018

Growth of wind power in France in MWe

1,449.21,536.0 gross(1)

+86.8 MWe

(1) Gross capacity: total capacity of the facilities in which EDF Renewables has a stake.

International France Onshore wind farms under construction at end 2018

Les Taillades (27.2 MW)

Pays d’Anglure (21.6 MW)Parc des Côteaux owned by Futuren (38 MW)

Offshore turbines in FranceThree projects under development in Fécamp, Saint-Nazaire and Courseulles-sur-Mer

+1.4 GW aggregate capacityInvestments: about €6 bn, in partnership with Enbridge.

Energy storageEDF Store & Forecastdevelops and markets software solutions to forecast and automatically control renewable energy generation in real time.

5 MWpof storage capacity (Toucan 1-French Guiana).

Project

5 MWpof storage capacity (Toucan 2-French Guiana).

Onshore wind farms commissioned in 2018

Espiers (18 MW)Guilleville (17.7 MW)Clanlieu (13.2 MW)Demange-aux-Eaux (19.8 MW)Courant-Nachamps (21 MW)


NON-FINANCIAL RATING

Breakdown of sales by activity

Dalkia

€292 million EBITDA +12% organic growth(1)

15,000 customer contracts

16,017 employees

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

0

5,600

11,200

16,800

22,400

28,000

Electricity Heat

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

0

5,600

11,200

16,800

22,400

28,000

Net installed capacity Electricity in MWe and heat in MWth

Net generation Electricity in MWe and heat in MWth

6,587

3,341974

295

2,488

8,872718

772

20,767

250

789

15,046

2,212

3,984

31,534

28,326


(1) Organic change at constant scope and exchange rates. Fully consolidated Company data at 31 December 2018. (2) Category including a share of heat generation from incineration and recovery of heat and electricity from other industrial processes.(3) Category including facilities running on landfill gas, gas from wastewater treatment plants and biogas.

Heating and cooling networks

26%

Other

14%

Installation (design, construction)

11%

Energy services for buildings

36%

Energy Services for industry

13%

1,173

802

2,935

Gas MWe

Fuel Oil MWth

Other(2) Coal MWe

Biomass and other renewables(3)

MWth

Electricity Heat

248

© E

DF

– Ph

ilipp

e Er

ania

n


EDF group confirmed its strong non-financial performance in 2018, with continued inclusion in the DJSI World index, STOXX ESG Leaders index and all Euronext Vigeo Eiris indexes, and reintroduction into the CDP Climate Change A List.EDF group submits its performance data in response to requests from non-financial rating agencies and non-financial analysis departments working on behalf of investors. Using their own methodologies, the agencies assess and assign scores to companies based on their policies and results in the area of sustainable development. They create and manage the indexes that are used by socially responsible investment (SRI) analysts to guide their investment choices.

SAM Dow Jones Sustainability Indexes (DJSI)In 2018, EDF obtained the score of 79/100, while the average sector score for Electric Utilities stood at 46/100. EDF is a member of the DJSI World index for the third year running since it was first included in 2016. EDF is one of the 478 Sustainability Leaders among the 2,479 companies assessed by RobecoSAM in 2018 and ranked eighth out of the 91 Elec�tric Utilities (fifth out of 98 in 2017 and sixth out of 92 in 2016). In its 2018 Sustainability Yearbook, RobecoSAM was again awarded EDF group with the Bronze Class distinction, meaning that it performs in the top 10% of its sector.

RobecoSAM ratings 2014 2015 2016 2017 2018 TrendEDF overall score (0 to 100) 79 79 87 84 79

Electric Utilities sector average 56 52 52 50 46

ESG criteria2014 2015 2016 2017 2018 Trend

Economic 81 75 90 85 79

Environment 82 76 82 83 78

Social 75 87 90 85 79

CDP Climate ChangeEDF made it back into the A List in 2018, once again meeting the standard’s rigorous criteria. The Group was first included in 2016. In 2017, EDF obtained the score of A– and the Leadership Level.

EDF group also participates in CDP Water and was awarded a score of C in 2018 (B, or Management Level, in 2015, 2016 and 2017, on a scale of A to D-).

In addition, EDF takes part in the CDP Supply Chain assessment every year. The Group’s key accounts in France and abroad request its response as a supplier for both the climate change and water-related risk sections of the questionnaire.

CDP Climate Change ratings2014 2015 2016 2017 2018 Trend

Performance (D– to A) B A– A A– A

CDP Water ratings2015 2016 2017 2018 Trend

Performance (D– to A) B B B C

FTSE group EDF group has been included in the FTSE4Good Index since 2012. The criteria for inclusion are reviewed every six months. EDF has met these criteria each time since it was first included in the index, and was most recently confirmed in July 2018. Achieving an overall score of 4.4 out of 5 and a relative performance of 95 out of 100 in 2018, EDF group ranked third in the Utilities sector out of all companies assessed.

FTSE ESG ratings

2014 June 2015

Dec. 2015 2016 2018 Trend

Absolute overall score (0 to 5) 4.3 4.3 4.5 4.6 4.4

Activity sector relative score (0 to 100)

100 EDF 1er

98 EDF 2e

100 EDF 1er

99 EDF 2e

95 EDF 3e

ESG criteria

2014 June 2015

Dec. 2015 2016 2018 Trend

Environment 4.3 4.3 4.5 4.6 4.5

Social 4.0 4.3 4.7 4.5 4.3

Government 4.6 4.3 4.4 4.7 4.6

Non-financial rating

Euronext Vigeo EirisIn November 2012, Euronext and Vigeo jointly launched a range of indexes identifying listed companies demonstrating the best CSR perfor-mance. These indexes are updated twice a year, in May and November. At the end of November 2018, EDF was included in all the indexes that it could apply for: the Euronext Vigeo World 120, Europe 120, Eurozone 120 and France 20 indexes. In 2018, the Group scored 66 out of 100, 6 points higher than the previous score of 60/100 in 2016 (58/100 at the end of 2014), achieving Advanced Level for the second time. The Group ranked fifth among the 62 companies in the Electric & Gas Utilities sector.

Vigeo Eiris ratings2012 2014 2016 2018 Trend

EDF overall score (0 to 100) 55 58 60 66

Ranking in the utilities sector 9e sur 34

10e sur 43

NC sur 48

5e sur 62

ESG criteria2012 2014 2016 2018 Trend

Environment 64 61 61 66

Human resources 71 76 70 73

Human rights 54 58 64 72

Community involvement 59 70 63 66

Business behaviour 34 39 50 62

Governance 54 54 58 57

SustainalyticsIn 2018, EDF group scored 83/100, up 1 point from 2017 (82/100), 5 points from 2015 (78/100) and 7 points from 2014. The Group ranked sixth out of the 193 companies assessed in the Utilities sector, i.e. within the top 4%. For the second year in a row, EDF group was recognised as a leader among its peers (companies of a similar size in its business sector). EDF is a member of the STOXX ESG Leaders index.

Sustainalytics ratings

2014 2015 2017 2018 2018 status Trend

EDF overall score (0 to 100) 76 78 82 83 97e

percentileRanking in utilities sector

14e sur 224

16e sur 246

9e sur 225

6e sur 193 Leader

ESG criteria2014 2015 2017 2018 2017 status Trend

Environment 74 79 82 84 Leader

Social 78 76 83 85 Leader

Government 78 79 81 79 Outperformer

Oekom In 2018, EDF obtained the overall score of C+ and, for the second year running, a B– in the Social and Governance category. Its overall rating has remained stable for the past five years at C+ in 2014, 2015, 2016 and 2017, and C in 2013, on a scale ranging from A+ to D–. Of the 104 com-panies in the Electric Utilities sector assessed in 2018, EDF came in among the top 20% and was one of the rare companies in its sector to score B– in the Social and Governance category.

Oekom ratings

2014 2015 2017 2018 Trend 2017 status

EDF overall score (D– to A+) C+ C+ C+ C+ Not

prime

ESG criteria

2014 2015 2017 2018 Trend 2017 status

Environment C+ C+ C+ C+ Not prime

Social and governance C+ C+ B– B– Prime

Morgan Stanley Capital International (MSCI) In 2018, EDF achieved Advanced Level, scoring A (on a scale ranging from CCC to AAA), as in 2017, 2016 and 2015.

MSCI ratings2014 2015 2016 2017 2018 Trend

EDF overall score (CCC to AAA) A A A A A

ESG criteria2014 2015 2016 2017 2018 Trend

Environment (0 to 10) 6,3 7,1 7,1 6,8 6,6Social (0 to 10) 5,1 3,2 3,2 3,2 5,5Governance (0 to 10) 5,8 3,9 3,9 2,8 3,8

NA: not applicable.NC: not communicated.

The assessments made by the main specialist rating agencies and managers of ethical funds indicate the Group’s CSR performance in its sector.

44 | EDF

Non-financial ratingEcovadisIn November 2017, EDF scored 75/100 and Advanced Level, 3 points more than in 2016 (72/100) and 8 points more than in 2015. The Group ranked among the top 3% of companies in its business sector and the top 1% of companies across all sectors. It achieved the Gold Recognition Level, which is awarded to companies with a score of over 60/100.

Ecovadis ratings

2015 2016 2017 2018 Trend 2018 status

EDF overall score (0 to 100) 72 72 75 70 Advanced

ESG criteria

2015 2016 2017 2018 Trend 2018 status

Environment 80 80 90 80 Advanced

Social 70 70 80 70 Advanced

Ethics 60 60 50 60 Confirmed

Supply chain 70 70 60 60 Confirmed

Centre Français d’Information sur les Entreprises (CFIE) For the past 16 years, CFIE, the French centre for information on companies, has been publishing an annual review of the quality of the labour and environmental information published in the annual reports of major French companies, with quality being assessed according to the completeness and accuracy of the information disclosed. In 2018, for the second consecutive year, the Group ranked first among the 22 companies assessed, with a score of 74.4/100 (77.3/100 coming in first out of 22 in 2017, 75/100 at second out of 36 in 2016, and 74/100 at second out of 36 in 2015).

CFIE ratings

2014 2015 2016 2017 2018 2018 status Trend

EDF overall score (0 to 100)

65.4 74 75 77.3 74.4 A

Rankingamong majorcompaniesassessed

7e sur 44

2e sur 36

2e sur 36

1er sur 22

1er sur 22 Top 5

ESG criteria

2014 2015 2016 2017 2018 2018 status Trend

Environment (0 to 30) 20 21.4 21 22.2 21.7 A

Social (0 to 30) 21 23.8 22.2 22.6 21.7 A

SocialResponsibility (0 to 30)

17.4 19.8 22.8 22.8 21.6 A

Organisation (0 to 10) 7 9 9 9.7 9.4 A

Editorial design: Investors and Markets Division, Sustainable Development Division and Communications Division.Design and production: Copyright registration: ISSN under way. Translation: ALTO International.

THE

EDF

GR

OU

P IS

ISO

14

001

CER

TIFI

ED.

JU

NE

2019

EDF 22-30, avenue de Wagram 75382 Paris Cedex 08 – France

SA share capital €1,505,133,838.00 552 081 317 RCS Paris

www.edf.fr

BE THE ENERGY

FOR CHANGE.

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