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    EDF   FR0010242511

ELECTRICITÉ DE FRANCE

(EDF)
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Electricite de France : The Presentation - 29 July 2021 (PDF - 687 KB)

09/07/2021 | 08:22am EDT

2021 HALF-YEAR RESULTS

DISCLAIMER

This presentation is for information purposes only and does not constitute an offer or solicitation to sell or buy instruments, part of the company or the assets described here, in the US or any other country.

This presentation contains forward-looking statements or information. While EDF believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions at the time they were made, these assumptions are fundamentally uncertain and imply a certain amount of risk and uncertainty which is beyond the control of EDF. As a result, EDF cannot guarantee that these assumptions will materialise. Future events and real financial and other outcomes may differ materially from the assumptions used in these forward-looking statements, including, and not limited to, potential timing differences and the completion of transactions described therein.

Risks and uncertainties (notably linked to the economic, financial, competition, regulatory and climate backdrop) may include changes in economic and business trends, regulations, as well as those described or identified in the publicly-available documents filed by EDF with the French financial markets authority (AMF), including those presented in Section 2.2 "Risks to which the Group is exposed" of the EDF Universal Registration Document (URD) filed with the AMF on 15 March 2021 (under number D.21-0121), which may be consulted on the AMF website at www.amf-france.orgor on the EDF website at www.edf.fras well as the interim financial report as of end-June 2021, which is also available on the EDF website.

EDF does not undertake nor does it have any obligation to update forward-looking information contained in this presentation to reflect any unexpected events or circumstances arising after the date of this presentation

2021 HALF-YEAR RESULTS

2

HALF-YEAR RESULTS 2021

Jean-Bernard Lévy

Chairman and Chief Executive Officer

3

HIGHLIGHTS (1/2)

NUCLEAR

FRANCE

Existing nuclear

Increase of the 2021 nuclear output estimate to 345TWh - 365TWh

ASN generic decision on the conditions for the continued operation of 900MW reactors after 40 years

Inclusion in the first-half financial statements of the extension of the depreciation period to 50 years for 1,300MW reactors

Flamanville 3 (1 )

Onsite delivery of all fuel assemblies

Successful start of operations to repair penetration welds, using remotely-operated robots, following ASN(2) agreement

Pending ASN ruling on the treatment of 3 nozzles of the main primary circuit

New nuclear

Submission by EDF and the nuclear industry, to the public authorities, of their contribution to the programme to build 3 pairs of new ERP2 reactors in France

Small Modular Reactor: establishment of the industrial organisation for the Nuward project

CHINA

Taishan: anomaly in the fuel assemblies of the reactor No.1 (3)

  1. See Appendices to H1 2021 results regarding Flamanville 3 p8 and p9.
  2. Autorité de Sûreté Nucléaire, the French nuclear safety authority

(3) See press releases on 14 June and 22 July 2021

2021 HALF-YEAR RESULTS

CSR

UNITED KINGDOM

Hinkley Point C: start of the equipment installation phase and progressive delivery of civil engineering in the nuclear island

Dungeness B's closure and start of the defueling phase

Agreement with the UK Government to decommission the 7 AGR (4) nuclear power stations

RENEWABLES

PROJECT PIPELINE

66GW gross(5) at end-June 2021, an increase of 10% vs. December 2020

US: - Winner of the 1.5GW Atlantic Shores offshore project, via

    1. 50/50 joint-venture
  • 3 solar projects awarded for a total of more than 300 MW

France: 13 ground-mountedsolar projects amounting to 75MW as part of the solar plan awarded to EDF

CAPACITY UNDER CONSTRUCTION

8.6GW(6) gross at end-June 2021, i.e. +8% vs end-Dec 2020

COMMISSIONED

1GW in H1 2021 (of which a 344 MW wind farm in Brazil) vs.

0.6GW in H1 2020

HYDROPOWER

Nachtigal (420MW) in Cameroon, more than 40% of civil

engineering works achieved

(4)

Advanced Gas-Cooled Reactor

(5)

Wind and solar projects at Group level

(6)

8.6GW at Group level (4.8GW solar capacity, 1.7GW wind capacity and 2.1GW offshore) 4

vs. 8GW end-December 2020

HIGHLIGHTS (2/2)

CUSTOMERS AND SERVICES

COMMERCIAL PERFORMANCE

Close to 1.2 million residential electricity customers in market offers in France, +17.6% vs. end-2020

1.15 contracts in electricity, services and gas per customer at end-June 2021 (target of 1.5 by 2030 (1))

Signature of renewable power purchase agreements

(PPA) with Bouygues Telecom, SNCF and the RATP

BROADENED OFFERING

Launch of the 20-yearLease-Purchase business offer for photovoltaic self-consumption

Partnership with Bosch to launch a comprehensive energy efficiency and decarbonisation offer for industrial customers

ENEDIS

Strong growth in grid connections

Finalisation of the Linky programme: c. 32.5 million Linky smart meters installed at end-June 2021, representing a 95% programme achievement

  1. EDF estimate: France, United Kingdom, Italy and Belgium (Residential Customers)
  2. Gross, excluding hydro, shared between wind and solar.
  3. Exploration and Production activities, except activities in Algeria

CSR

ITALY

Reorganisation of the Group's Italian renewable assets within Edison, with a target to achieve c. 4GW in renewable capacity(2) by 2030

Disposal of the E&P business(3) finalised

INNOVATION

HYDROGEN

Pre-selection by Germany of an industrial renewable hydrogen production project 300MW, to the IPCEI(4)

MOBILITY

Cooperation agreement between Toyota and EDF as part of a "Vert Électrique Auto" offer in France

Group: more than 144,000 charging points rolled out and managed at end-June 2021 (o/w 122,000 by Pod Point, +28% vs. end-2020)

Commissioning of 50MW of batteries as part of the ESO project(5) in the United Kingdom

INTERNATIONAL

Signature of financing agreements to build the largest biomass plant in West Africa (46MW, in the Ivory Coast)

Signature of a development agreement for a 240MW hybrid floating solar project on the Nam Theun 2 reservoir in Laos

  1. Important Project of Common European Interest
  2. Energy Superhub Oxford, located in Oxford, UK, with 100% renewable energy

2021 HALF-YEAR RESULTS

5

Disclaimer

EDF - Électricité de France SA published this content on 07 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2021 12:21:04 UTC.


© Publicnow 2021
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Net income 2021 4 313 M 5 005 M 5 005 M
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P/E ratio 2021 9,55x
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Chart ELECTRICITÉ DE FRANCE
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Technical analysis trends ELECTRICITÉ DE FRANCE
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 12,58 €
Average target price 14,95 €
Spread / Average Target 18,9%
EPS Revisions
Managers and Directors
Jean-Bernard Lévy Chairman & Chief Executive Officer
Xavier Rene Louise Girre Executive Director-Finance
Christophe Salomon Group Chief Information Officer
Laurence Parisot Independent Director
Claire Pédini Independent Director
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