edffacts-and-figures_2012

FACTS& FIGURES

2012

2

DisclaimerThis presentation does not constitute an offer to sell securities in the United States or any other jurisdiction.

No reliance should be placed on the accuracy, completeness or correctness of the information or opinions contained in thispresentation, and none of EDF representatives shall bear any liability for any loss arising from any use of this presentation orits contents.

The present document may contain forward-looking statements and targets concerning the Group’s strategy, financialposition or results. EDF considers that these forward-looking statements and targets are based on reasonable assumptions,which can be however inaccurate and are subject to numerous risks and uncertainties, many of which are outside the controlof the company, and as a result of which actual results may differ materially from expected results. Important factors thatcould cause actual results, performance or achievements of the Group to differ materially from those contemplated in thisdocument include in particular the successful implementation of EDF strategic, financial and operational initiatives based onits current business model as an integrated operator, changes in the competitive and regulatory framework of the energymarkets, as well as risk and uncertainties relating to the Group’s activities, its international scope, the climatic environment,the volatility of raw materials prices and currency exchange rates, the strengthening of safety regulations, technologicalchanges, changes in the general economic.

Detailed information regarding these uncertainties and potential risks are available in the reference document (Document deréférence) of EDF filed with the Autorité des marchés financiers on April 5, 2013, which is available on the AMF's website atwww.amf-france.org and on EDF’s website at www.edf.com.

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

3

Before Starting

To help you understand the terms used, you will find a glossary at the end of the document

Moreover, you will find throughout the document some « Did you know? » take-away boxes, which enlighten a

specific concept

Many other information are available in our reference document, which you can download under:

http://shareholders-and-investors.edf.com/news-and-publications/reference-documents-45430.html

2012 Facts & figures news

The 2012 Facts & Figures contains the following new items:

An updated strategy part

A dedicated sustainable development part

A focus on Edison’s activities in the financial section

http://shareholders-and-investors.edf.com/fichiers/fckeditor/Commun/Finance/Publications/Annee/2013/ddr2012/EDF_DDR2012_interactif_va.pdf

4

Get the most of this document!

To help you navigate through this document, hypertext links haven been incorporated

A click on the EDF logo will bring you back to the main table of contents (p.5)

Within the document, a “title bar” indicates in which part of the document you are in.

A click on the arrow with the name of the part will bring you back to the beginning of this part:

EDF main businesses Generation Networks Optimization - Trading - Supply Gas

5

Table of contents

The EDF Group

EDF’s strategy within the energy sector

EDF main businesses

EDF Group corporate responsibility approach and process

Financials

Market data

Appendices

6

42

51

146

158

202

213

FACTS& FIGURES

2012The EDF Group

7

The EDF Group

The EDF Group EDF main businessesEDF strategy Financials Market data Appendices

Overview of the EDF Group

A state-owned listed company

Country profiles

Corporate responsibility

8

23

29

8

EDF at a glance

Worldwide leader in the electricity sector, #1 nuclear operator

Operational excellence and valuable experience across the electricity value chain (generation, networks, supply and optimization / trading)

A reinforced financial solidity with the highest credit rating in the industry, backed by a very strong liquidity position

An integrated model optimizing the whole value chain

Strong defensive characteristics in a difficult economic environment

Well positioned to thrive in a low carbon world

The EDF Group Overview of the EDF Group A state-owned listed companies Country profiles

Strong ties to the French State (~85% ownership)

Much of EDF business is regulated (networks) or highly visible (tariffs, PPA…)

A lower exposure to commodity price risks compared to its peers

A low-carbon strategy driven by nuclear and renewables

9

The key factors for success in 2012D Demonstration of the integrated and diversified model strength

Industrial and responsible priorities

1

3

Excellent nuclear performance in the UK (+7.5 %) and sharp rise in hydropower production

(+28.7%) that partially offset the lower nuclear output in France (-3.8%)

Record of renewable plants commissioning: +1,550 MW

Improvement of the operational performance of distribution in France

Finalization of Edison takeover allows for major positions in the Italian energy market and an international gas platform for the Group

Over 6,000 new hires in 2012, including 2,000 positions created

Financial structure consistent with the industrial model2

CSPE: agreement on the recovery deficits and allocation to dedicated assets Successful inaugural hybrid bond issuance under the ongoing debt management


10

The Group’s economic equation: key topics in 2013

Tariff equation in France

ARENH formula(1)

New Nuclear Build in the United Kingdom

ERDF(2)

(1) Regulated access to historical nuclear electricity. See page 29 for more details

(2) EDF 100% owned distribution business in France


11

Tariff equation in FranceTariff structure in France not commensurate with increasing investments in generation fleet

€2.2bn

27%

3%8%

31%

9%

22%

Average bill breakdown including VATBlue residential tariff in France

(1) As of 1 January 2013 – average annual consumption of 4.843 MWh / year – annual bill of €693 including tax

€143/MWh(1)

Tariff(excl.tax)

=€97/MWh

Other taxes

(VAT + TCFE + CTA)

CSPE

TURPE

Supply costs

Baseload power

Shape factor

Generation component («baseload» + «shape factor») of residential blue tariff in €2012/MWh

Capex for maintaining generation fleet in €bn2012

2010 2011 2012

Generation component accounts for less than 30% of total selling price and is stable in real terms

€38/MWh

«Baseload»

«Shape

factor»

€3.3bn


12

ARENH formula

Price of ARENH set consistently with the TaRTAM at €40/MWh in July 2011,

then €42/MWh at 1 January 2012

Principles of the NOME law of December 2010

□ Convergence of the baseload power component of tariffs towards ARENH in 2015

□ The price of ARENH must reflect “the economic conditions of nuclear generation”, i.e.

the total current economic cost of the existing nuclear fleet evaluated by the

« Cour des Comptes(1) » to be €54.22010/MWh on 2011-2025

The current level of €42/MWh does not reflect the total economic cost of generated MWh

Completion of changes by end-2013

Definition of the ARENH formula in 2013 to boost visibility


(1) Government Audit Body

13

Making the right decision on Nuclear New Buildin the UK


Major progress on the Hinkley Point C project in 2012Main phases accomplished leading to investment decision

(1) The Contract for Difference is a contractual mechanism encouraging investments in energy sources with low CO2 emissions

By EDF

Negotiations with the main suppliersof Hinkley Point C

Strengthened organisation implemented

Hinkley Point C site “Shovel ready”

Agreement with the local authorities

By the UK government and regulators

Certification by the nuclear safety authority

□ of EDF’s organisation for building and operating the HPC site (Nuclear Site License)

□ of the design of the EPR (Design Acceptance Certificate)

Recommendation for the building permit obtained from the Secretary of State for Energy and Climate Change on March 19

Publication of the Energy law and vote uponsecond reading

Objective:

□ Commercial close: conclude negotiations on the CfD(1) by the end of 2013

□ Financial close: make an investment decision as soon as possible after the commercial close

14

French State Council overruling of electricity distribution tariffs for the period 2009-2013 (TURPE 3) because of inadequate methodology for calculating tariff

CRE consultation of 13 February 2013 has confirmed a negative impact of only €62m for the new TURPE 3

Need for consistency of dimensions of ERDF model

Contractual dimension

Tariff dimension

Redefining an economic vision for ERDF’s compensation

Issues faced by the distributor


15

EDF Group key figures

Operational figures (2012)

Sales: €72.7bn

EBITDA: €16.1bn

Net financial debt: €39.2bn(2)

Ratings: A+ stable(3) (S&P) / Aa3 neg (Moody’s)/A+ stable (Fitch) / AA+ (JCR)

Vigeo: overall score of 55/100

FTSE4Good: integration of EDF to the index in March 2012

Financials (2012)

Environmental and social responsibility (2012)

~39.3 million clients worldwide (gas and electricity)

139.5 GW(1) installed worldwide

o/w 74.7 GW nuclear

37.9 GW thermal plants

26.9 GW hydropower and renewable

~1.4 M km of networks,both for Transmission and Distribution through its affiliated companies

~160,000 employees

o/w ~ 38,000 in French distribution

o/w ~ 38,000 in French generationand engineering

o/w ~ 15,000 in EDF Energy

(1) Net generation capacity

(2) Pro-forma after allocation of the CSPE deficit to dedicated assets on 13 February 2013 and subtraction of €2.4bn from dedicated assets portfolio, enabling 100% coverage of the EDF

nuclear liabilities that are eligible for dedicated assets

(3) Downgrade from AA- to A+ on 18 January 2012 following France downgrade


16

The EDF Executive Committee (1/2)A graduate from HEC, Henri Proglio has been appointed Chairman and CEO of EDF in November 2009, after being a

non-executive director since September 2004. Before that, he was Chairman and CEO of Veolia Environnement from

2003 to November 2009. He is also a non-executive director in other CAC 40 Groups. On top of that, he is a member

of Committee for Atomic Energy, of the Committee for Transparency and Information on Nuclear Safety as well as

Chairman of the association Electra.

A graduate of the “Ecole Normale Supérieure de Sèvres”, the “Ecole Nationale d’Administration” (CondorcetPromotion) and the “Institut d’Etudes Politiques” in Paris, she also holds an aggregation in Classics and a MastersDegree in French Literature. She joined the Council of State in 1992 and became Counselor in 2007. In December2010, she has been appointed Group Senior Executive Vice President Human Resources, after having beenCorporate Secretary from June 2007 to December 2009 and General Counsel from January 2005 to December 2009.

Marianne LAIGNEAUGroup Senior Executive

Vice President ,

Human Resources

Pierre LEDERERCEO special advisor

A graduate of Physical Science and Mathematics, Pierre Lederer joined EDF in 1974. He was appointed Chief of the

General Economic Studies Department in 1992, Director of Strategy in 1996, and Director of "Strategy-Valorisation-

Optimization" at the Thermal Generation of the Group in 1999. In 2000, he joined the Executive Management Board of

EnBW and became Vice President in 2007. In February 2009, Pierre Lederer was appointed Senior Executive Vice

President of EDF S.A., in charge of Customers, Optimization and Trading. He also supervises the Continental Europe

zone.

Henri PROGLIOChairman and CEO

HENRI LAFONTAINEGroup Senior Executive

Vice President,

Customers / Optimization /

Trading and the Island

Energy Systems

A graduate from Supélec, mathematical master, Henri Lafontaine joined EDF in 1983 where he occupied a variety of positions in France at the Directorate of Distribution and International as the CEO of EDENOR. Since September 2012, he is Group Senior Executive Vice President in charge of Customers, Optimization and Trading as well as Island Energy Systems. He is also a non-executive director in several companies: EDFI, EDF Energy, Fenice, EDF Luminus, Electricité de Strasbourg.


17

The EDF Executive Committee (2/2)

A graduate of ESSEC. After holding several positions at the investment bank Lazard Frères, he became in January 2009 Senior Executive Vice President in charge of Finance of Veolia Environment and joined the Group’s Executive Committee. He joined the EDF Group in December 2009, as Group Senior Executive Vice president, Finance. He also supervises the North America zone.

In 2008, Thomas Piquemal co-founded the “Académie Christophe Tiozzo”, whose mission is to promote the social and professional integration of young people from deprived areas.

A graduate of the “Ecole Nationale Supérieure d’Hydraulique de Grenoble”, he held various positions within the Group,especially regarding international development. In mid-2003, he created EDF Energy and has since been Chief ExecutiveOfficer. He supervises the United Kingdom area. He was named National Ambassador by HRH the Prince of Wales, inJuly 2009, for his significant contribution to the Prince’s Business in the Community projects.

A PhD in Law and a graduate of the ”Institut d’Administration d’Entreprises”, he held various positions in different companies. In March 2007, he became Coporate Secretary of Veolia Environnement. In December 2009, he was appointed Coporate Secretary of the EDF Group. He is charge of legal departments, risk, security and sustainable development, information systems and shared services.

Thomas PIQUEMALGroup Senior Executive

Vice President,

Finance

Vincent de RIVAZChief Executive

of EDF Energy

Alain TCHERNONOGGeneral Secretary

A former student of the “Ecole Polytechnique” technical school (1968), engineer of the “Ecole des Ponts et Chaussées”and a graduate of the “Institut d’Etudes Politiques” in Paris. After a variety of assignments at the Ivory Coast Ministry ofPlanning and for the World Bank, he joined EDF in 1982, where he was among other in charge of the Group’s French andInternational nuclear programs, as well as of the development of the Group in Asia-Pacific. Since 2009, he is GroupSenior Executive Vice President, Generation. He also supervises the Asia-Pacific zone.

Hervé MACHENAUDGroup Senior Executive

Vice President,

generation and engineering


18

EDF since 1946

Development in France

International Development

Structural changesin the EDF Group

Nationalization of the electricity and gas sectors

Creation of EDF as an EPIC by the Law of 8 April 1946

On 20 November 2004, EDF becomes a French SA

IPO(1) in 2005 and creation of RTE to guarantee non-discriminatory access to the market

Opening of the French market, first for B2B (2000 to 2004),

then for B2C from 2007

Launch of the commercial-scale nuclear program

Development of the French industrial base, including

Hydro and Nuclear facilities

Acquisition of British Energy

Disposal of EnBWand of the UK networks

Buy-out of EDF Energies nouvelles

Start of the international development, first in South America, then in Europe with the UK

(from 1998 onwards), Germany (2001) and Italy (2005)

1946 1963 1990 1999 2004 2005 2009 2010 2011 2012

Edison’s takeover


(1) Initial Public Offering

19

EDF global footprint

642.6 TWhGlobal generation 2012~75.5% Nuclear~8.9% Fossil fired (excluding gas)~9.1% Renewables(1)

~6.5% Combined cycle gas and cogeneration

39.3 million ofCustomers

€16.1bnEBITDA 2012

Did you know?

France• EDF

• RTE

• ERDF

• Island Energy Systems

United Kingdom• EDF Energy

Poland (main subsidiaries)• EDF Wybrzeze

• EDF Rybnik

• EDF Krakow

• Kogeneracja

Slovakia• Groupe SSE(2)

Hungary• Be ZRt

• EDF Démasz ZRt

Austria• ESTAG

Belgium• EDF Belgium

• EDF Luminus

Netherlands• Sloe Centrale BV

Italy• Edison

• Fenice

Switzerland• Alpiq

Spain• Elcogaz

USA• Constellation Energy Nuclear

Group

Brasil• Norte Fluminense

China• Figlec

• SZPC

• DSPC

Vietnam• MECO

Laos• NPTC

Other activities(main subsidiaries)• EDF EN

• Tiru

• Electricité de Strasbourg

• Dalkia

• EDF Trading

% of 2012 EBITDA Group France 62%

United Kingdom 13%

Italy 6%

Other International 7%

Other activities 12%

(1) Including hydropower

(2) On 24 May 2013, EDF and EPH has signed definitive agreement for the sale of 49% of Stredoslovenska Energetika A.S.

(SSE). The contemplated transaction will be submitted for authorization to a general meeting of shareholders of SSE.

Closing is expected during second semester of 2013 following receipt of antitrust clearance


20

Remain a benchmark employer (1/2)

Being an industrial Group with a strong technological expertise, long-term activities and missions of general interest, EDF is keen to invest in a lasting way into the competencies and the performance of its staff

Men and women play a key role in the Group’s Performance: focus on training

A landmark investment to provide to all employees of the Group professionalization programs and in order to ensure the transmission of necessary skills for the industrial Group project: 82% of employees in the Group attended at least one training course in 2012 (average of 58h training received by employee trained)

7.3% of the payroll was allocated for training (almost €550m), as much as for R&D activities

Being a benchmark employer in terms of employee commitment and social performance

A pioneer Group-level agreement « Corporate Social Responsibility » (signed in 2004)

A strong commitment for the health and safety of employees and subcontractors to reduce, by 15% per year, the number of accidents over the next five years

1st prize of the « Trophée de la réputation » in the category « Responsabilité sociale », award handed out by Syntec Council in Public Relations and La Tribune (April 2013)


82% of Group employees attended at least one training course in 2012

21

Remain a benchmark employer (2/2) Having both a strong local presence and an international profile

159,740 employees in the Group of which 41,228 women (26%)

More than 16% of the France workforce(1) could retire by 2016, in particular in generation engineering and distribution staff, which represent two-third of the employees in this scope

Until 2014, the Group will maintain a level of recruitment that is adapted to these stakes and reaffirms its commitment to work-study trainees, which is a source of diversity and competencies. In 2012, over 12,500 people were recruited in the Group, almost half of which at EDF SA and ERDF

EDF remains the benchmark employer on technical profiles

– 6th of the Universum engineer rating 2012

– 1st of the TNS Sofres engineer rating 2012

– 1st employer of Randstad Awards 2012 (energy sector)

Development of international scope and employer brand

Over 6,700 work-study trainees at Group level in 2012

Managing change smoothly and accountably

Development of managerial training by the Group’s Management University (UGM)

– Over 3,000 managers or leaders followed the UGM

– 3,500 managers or leaders have been involved in managerial assistance programs in their units

First internal opinion survey in the Group, «My EDF»: 90,000 employees answered for the first time in 2012

EDF SA

43%

Dalkia

International

10%

Other10%

ERDF24%

EDF EN2%

EDF Energy9%

Edison2%

159,740

employees

Percentages calculated based on the number of employees

In France, one-third of employees are in distribution, one-third in generation and engineering

Did you know?

(1) EDF SA and ERDF


22

Presence across the whole electricity value chain

(1) Consolidated data

(2) Island Energy Systems

(3) RTE is consolidated under the equity method

(4) Data at 100%

(5) On 24 May 2013, EDF and EPH has signed definitive agreement for the sale of 49% of Stredoslovenska Energetika A.S. (SSE). The contemplated transaction will be submitted for

authorization to a general meeting of shareholders of SSE. Closing is expected during second semester of 2013 following receipt of antitrust clearance

EDF is also activein third-party management,in contractual engineeringthrough partnerships:

in the networks business (e.g. with MRSK in Russia),

in the optimization activities (e.g. 26 GW optimized by EDF Trading in the US),

in the O&M business (e.g. EDF Renewable Energy in the US)

In power generation (e.g. Nam Theun Damin Laos)

Did you know?Electric capacity(1) Transmission DistributionSupply (# customers

electricity and gas)

Networks

France (inc.SEI(2)) EDF SA: 99.8 GWRTE(3) (100%):

more than 100,000kmERDF (100%): 1.3 M km EDF SA : ~29 M

United Kingdom EDF Energy: 14.2 GW EDF Energy : ~5.8 M

ItalyEdison: 7.7 GW

Fenice: 0.5 GWEdison: ~1.5 M

BelgiumEDF Luminus: 2.0 GW

EDF Belgium: 0.5 GW

EDF Luminus:

~1.7 M

United States CENG: 1.9 GW

OtherOther: 6.4 GW (o/w Poland,

Slovakia(5), Hungary)

Demasz (100%): 32,000 km

SSE(5) (49%): 33,400 km(4)

Demasz: ~770,000

SSE(5): ~630,000(4)

Other activitiesOther activities: 6.7 GW

o/w EDF EN: 4.2 GW

Supporting activities

Trading activities: EDF Trading

Energy services: Dalkia, Fenice

Oth

er

Inte

rna

tio

na

lThe EDF Group Overview of the EDF Group A state-owned listed companies Country profiles

23

EDF SA governance in 2012

Board of Directors

(18 members)

Audit Committee

(6 members selected by the Board)

Nuclear Commitments Monitoring

Committee

(5 membres selected by the Board)

Strategy Committee


Ethics Committee


Nominations and compensation

committee


The President(1) is a member of the Board

appointed by the Shareholders’ AGM; 2

members represent the State while 3

members are elected by employees

The President(2) and one member are


member represents the State

During the Shareholders’ AGM. During the

30 May 2013 AGM, it has been decided

that the committee must include an

administrator representing the employees

The President(2) is the Chief Executive

Officer; an other member is appointed by

the Shareholders’ AGM;

3 Members represent the State and 3 are

elected by employees

(1) The President of the Audit Committee satisfies the criteria of skills (art. L.823-19 C. Com.) and independence(code Afep-Medef)

(2) The President of the Committee satisfies the independence criteria (code Afep-Medef)

6 Directors appointed by the

Shareholders’ AGM,

6 Directors representing the State

6 Directors elected by employees

The President(2) is a member of the Council

elected by the Shareholders’ AGM; 1

member is an administrator representing the

State and 4 are administrators elected by

the employees

The President(2) is a member of the Board


members represent the State and 2 are

elected by employees


24

EDF: a listed company with the French State as the major shareholder (1/2)

Institutional andretail investors

13.59%

EDF employees

1.85%

French State

84.44%

By Law, the French State must hold at least 70% of EDF’s share capital

Shareholders as of 31 December 2012

Common shares

# of shares 1,848,866,662

# of shares

outstanding1,846,705,329

Number of treasury

shares2,161,333

French security

identification N°

(ISIN code)

FR0010242511

Main indexCAC 40, Euro Stoxx Utilities, Dow Jones Euro

Stoxx 50, Euronext 100, FTS Euro First

Listing Paris (Reuters: EDF.PA , Bloomberg : EDF FP)

Share information

Treasury shares

0.12%


25

EDF: a listed company with the French State as the major shareholder (2/2)

EDF’s CEO is proposed by the board members, and appointed by decree of the President of France upon proposal by the Board of Directors (Law of 26 July 1983)

In accordance with article 13 of the French Constitution, the CEO and Chairman is appointed based on the candidates’ interviews and the opinion of the permanent committees of the French National Assembly and Senate.

The Board of Directors is composed of 18 members, one third of whom are State representatives

Any decision related to financials, investments, acquisitions and disposals must be approved by the Government (Decree of 9 August 1953)

Numerous controls of financials by different authorities: State Comptroller, Cour des Comptes (Government auditing agency), Inspection des Finances

The French State Holdings Agency (“APE”) represents the State as a shareholder

Main contractual agreements are reviewed by the specific Market Commission (Decree of 18 September 1948)

EDF has to abide by listed companies laws and specific standards of a public sector entity

Internal rules of its board of Directors are similar to thoseof listed companies

In accordance with law of 27 January 2011 relating to the balanced representation of women and men on Boards of Directors and Supervisory Boards, the proportion of directors of each gender appointed by EDF’s Shareholders Meeting may not be less than 20% from 2014, then 40% from 2017. In 2012, EDF’s Board is composed of 4 women, representing 22%

EDF decided in December 2008 to refer to the AFEP- MEDEF Code of October 2008 (revised in April 2010) as its corporate governance code:

Annual report on the evolution of the board's functioning entrusted to an external firm every three years. Regular update of the Board of Directors rules of procedure

The Board has appointed all the appropriate committees

EDF is compliant with internal control procedures COSO

EDF publishes an annual report on sustainable development

EDF as a state-owned company: legal and contractual framework

EDF as a listed company: corporate governance


26

EDF’s interface with the French State Shareholding Agency (APE) The French State Shareholding Agency (APE) is a national department joined controlled by the Minister for

the Economy and Finance and the Minister of Industrial Renewal. It performs the function of the state shareholder ensuring the management of its financial interests. As such, it proposes and implements the decisions and policies of the French State with the related ministries

Its main objectives consist of:

Reviewing the appropriateness and financial health of the company

Representing the French Government as a shareholder

Helping for the good relationship between the company and the French government

As a result, the APE has expressed the following requirements to public sector enterprises.They have to:

Appoint specific point of contacts to be special correspondents with the APE

Prepare a scorecard reporting for the APE on the main financials and qualitative data

Organize regular meetings, at least once a year to present the strategy and finance of the company

Inform the APE for any investment operation, or any specific audit missions


27

Other main regulatory entities with an impact on EDF in France The ASN (French nuclear safety authority), in charge of control of the safety of nuclear facilities in France. The

ASN carries out:

On-site regulatory inspections, randomly or scheduled (approx. 400 per year)

10-year safety reviews, a necessary step in extending the life of power plants

In charge of post Fukushima additional safety assessments

The CRE (French Energy Regulatory Commission) ensures the proper functioning of the electricity and gas market for the end-customers in compliance with the energy policy. The regulation fields include:

Energy networks

Access to regulated networks and their operation and development

Independence of network operators

Energy markets

Monitor deals on energy markets and CO2

Monitor retail markets (for instance, making proposals for regulated tariffs’ evolution)


28

Other control procedures involving EDF

EDF could be submitted to State audit procedures, in particular through economic and financial evaluation assessment and through checks by the General Finance Inspection Office (Inspection General de Finance)

The company’s accounts and management, and where applicable, those of its directly-held majority subsidiaries are under the control of the « Cour des Comptes(1) »

EDF also has to undergo the audit procedures performed by the Parliament

EDF is subject to the law of 26 July 1983 related to the democratization of the public sector which deals with companies in which the State hold directly more than 50% of capital (and second-tier companies and beyond, EDF subsidiaries subject to certain conditions): this law contains in particular dispositions about governance, committee composition, Board composition, nomination of corporate officers, compensation, etc.



29

France – country profile

EDF is active on the whole electricity value chain, from generation to salesand optimization / trading. The activities can be split: into deregulated activities, through EDF SA (generation + sales, optimization and trading)

into regulated activities, through ERDF (distribution) and RTE (Transmission). EDF activitiesin Island Energy Systems (Corsica, French overseas departments and collectivities) are managed by the Island Energy Systems Division

EDF owns the largest nuclear fleet worldwide, the largest European electricity generation fleet, and is committed to operational performance and safety

In addition, EDF has an extensive experience in hydropower, conventional fuels and renewables (strengthened by the buy out of EDF Energies Nouvelles)

RTE(1) and ERDF are 100% subsidiaries of EDF, but are operationally independent (legal unbundling), as requested by the EU legislation

EDF also plays a holding role, by controlling 100% of EDF International (controlling the greatest part of EDF stakes in international subsidiaries)as well as interests in various companies, including: EDEV (including EDF EN, LNG Dunkerque, Electricité de Strasbourg…)

Dalkia (energy services provider)

EDF Trading (market operator for the Group)

Key points

MW %

Nuclear 63,130 63.3

Hydropower(2)(3) 20,410 20.4

Fossil-fuel fired 16,222 16.3

Other renewables 12 0.0

Total 99,774 100

TWh %

Nuclear 404.9 86.8

Hydropower(3)(4) 42.0 9.0

Fossil-fuel fired 19.0 4.1

Other renewables 0.5 0.1

Total 466.4 100

Installed capacity and generation (2012)(2)

€bn EBITDA (2012)

Unregulated 6.2

Regulated 3.7

Key figures (2012)

(1) RTE is consolidated under the equity method (2) Including Corsica and overseas. Excluding EDF EN

(3) Including Rance river tidal power plant (240 MW) (4) Hydropower generation including pumped storage consumption


30

Market development in France Brief history of French market liberalization:

Nationalization of the electricity and gas sectors pursuant to the Law of 8 April 1946

From February 1999, progressive opening of the electricity market under the impetus of European regulation, first for B2B consumers(total liberalization in July 2004), then for B2C consumers from 2007 onwards

As at 31 December 2012, EDF had a market share of approx. 80% in the electricity business (B2B and B2C). According to the Commission de Régulation de l’Energie (CRE), the electricity market shares of competitors were, in 2012, 6.9% on residential sites and 7.6% on non-residential sites while their gas market shares on residential sites were 11.3% and 22.8% on non-residential sites

To improve and foster competition on the French market, implementation of a new law: the NOME Law of 7 December 2010 (came into force on 1 July 2011)

The Law guarantees EDF competitors an access to the historical nuclear generation capacity (“ARENH”), provided they supply only their Frenchend users

Total power cannot exceed 100 TWh(1), for a period of 15 years

The ARENH price is set by decree by the Economy and Energy ministers following a legal opinion from the CRE for the first 3 years, and by CRE decision by 2014 at the latest

An indexation formula is still to be enacted and should cover all the costs of EDF’s historical nuclear plants

All existing tariffs should converge towards ARENH prices by 2015, and industrial tariffs should be suppressed

The ARENH price as at 1 January 2012 has been set at €42/MWh

(1) Excluding supply of technical losses


31

Energy Savings Certificates system

(1) Aggregate present value, over the period

CEE (« Certificats d’Economie d’Energies »):

a political initiative to encourage energy efficiency in France

Created by the POPE law of 13/07/2005 and in effect since 2006, in addition to the Thermal Regulation of

buildings, performance standards for equipment, and financial incentives (sustainable development tax credits,

Eco-PTZ, etc.)

Mandatory system for energy suppliers in France:

Over a three-year period (2nd period: 2011-2013, currently)

Supporting customers (or third parties) in energy efficiency renovation (insulation, efficient boilers

or heat pumps) in exchange for a Government-approved Energy Savings Certificate

In the form of a payment to customers who have improved their home energy efficiency (subsidized loans, Habiter

Mieux from the ANAH, commercial incentives, etc.) or indirectly

(via a professional training body such as FEEBAT, etc.)

Otherwise, a fine of €20/MWh cumac(1) is assessed


32

United Kingdom – country profile

Main entity: EDF Energy, one of the UK’s largest energy companies and the UK’s largest producer of low-carbon electricity

The company is organized into the following three business units:Nuclear Generation (15 reactors on 8 nuclear power stations, 8.7 GW of capacity, 20% owned by Centrica)

Nuclear New Build (in charge of EDF Energy’s new nuclear project in the UK)

Energy Sourcing and Customer Supply (operating conventional power stations, wind farms, and managing customer needs)

UK market: Environment marked by strong Government drive to decarbonise the economy

(-80% CO2 emissions by 2050 vs. 1990) and electricity supply, while ensuring security of supply and affordability

Highly competitive B2C and B2B markets with unregulated, volatile prices and dual-fuel offerings playing a major role in B2C

Coal and gas currently playing the largest roles in electricity generation

Need for new generation capacity to come online around the turn of the decade as significant amount of aging and environmentally restricted capacity will be retired

Ongoing implementation of the Electricity Market Reform, with the objective of promoting investments in low-carbon generation (carbon price support implemented from Apr 2013; Energy Bill containing a contract for difference mechanism, a capacity mechanism and an emission performance standard expected to receive Royal Assent during 2013)

(1)Based on March 2013 data from the Department of Energy & Climate Change

Key points

Capacity

(MW)

Output

(TWh)

Nuclear 8,741 60.0

Gas 1,306 0.3

Coal 3,987 22.7

Renewables 116 0.4

Total 14,150 83.4

Market position (2012)

€bn

EBITDA 2012 2.1

Key figures (2012)

Gas Supply:31.1 TWh

Electricity Supply:51.6 TWh 16.3 %(1)

5.6 %(1)


33

Strategy for EDF Group in the UK Major nuclear operator in the UK, leading the way in Nuclear New Build

Almost 9GW of existing nuclear capacity with a clear aim of life extension (currently an average expectation of 7 years beyond agreed lifetimes at acquisition for AGRs and 20 years for Sizewell B PWR)

Aim to build up to 4 EPRs*: a twin at Hinkley Point and a twin at Sizewell

Key role in discussions on the Electricity Market Reform

Considerable investments in wind projects Onshore: on target to have >500 MW of capacity in operation by end 2013; to be further increased in the future

Offshore: 1st project (Teesside, 62 MW) to be completed in H1 2013; JV with Eneco for Navitus Bay project (50% of ~1.1GW)

Other ongoing projects West Burton B 1,300 MW CCGT power plant; first two units commissioned with final unit to follow later in 2013

Constructing a short-cycle gas storage facility, two cavities completed and gas plant to start operation by the end of Q2 2013

Profitable growth downstream Focus on re-gaining customer trust through fair value, better service and simplicity

Customer systems renewal to deliver cost savings and improved service

Focus on sustainable margins in both B2B and B2C

Organic growth strategy in B2C to achieve economies of scale

Group synergies and transformation at the heart of EDF business model Continued delivery of synergies from the acquisition of British Energy

Major change programs under way


34

Italy - country profile

The Italian market is the 4th electricity market and the 3rd gas market in Europe

Potential gas hub for Europe, securing gas supply

Strategic geographical position of Italy for the development in the Mediterranean area

Main entities(1): Edison and Fenice EDF owns 100% of Fenice since 2001 and 99.48% of Edison ordinary shares since

September 2012

Key points – Edison: Major player in the Italian market for electricity and gas: the EDF Group can benefit, for

the implementation of its gas strategy, from the skills developed by Edison on the entire gas value chain from generation to supply

Recognition of Edison’s skills in Exploration - Production (oil and gas), in Italy and abroad

Access to LNG terminals (Rovigo) and import pipelines (ITGI/Galsi), as a complement to EDF’s other ownerships (South Stream, Dunkirk)

Key points – Fenice: Offer of energy and environmental services: heat or electricity generation, operation and

maintenance of energy assets, solid and liquid industrial waste treatments and environmental engineering (main customer: Fiat)

Key points Edison market shares (2012)

7.9 %

21.3 %Sales Gas Edison / Demand gas Italy: 15.8 bcm

Edison Elec. Generation / National Elec. Generation:

22.5 TWh

Installed capacity (GW)(2) Edison Fenice

Thermoelectric plants 5.8 GW 0.5 GW

Hydroelectric plants 1.4 GW 0.003 GW

Wind power 0.5 GW -

TOTAL 7.7 GW 0.5 GW

Key figures (2012)

EBITDA (Millions of euros) Edison Fenice

Dec. 2011 480 112

Dec. 2012 918(3) 101

(1) Dalkia (through Siram) and EDF EN are also active in the Italian market

(2) Data consolidated at 100% for full-year 2012 of Edison’ Group (excluding Edipower)

(3) At the EDF Group level


35

Benelux - area profile

(1) Excluding 100MW of drawing rights in the Chooz B power plant, owned by the EDF Group

(2) Data at 100%

(3) EDF Belgium + EDF Luminus + Sloe

Key points Key figures (2012)

Country CompanyMain

activitiesTechnical data

Belgium EDF

Belgium

Electricity

generationInstalled capacity: 481 MW

BelgiumEDF

Luminus

Electricity

generation

Electricity

& gas sales

Installed capacity: 2,038 MW

o/w Nuclear(1): 419 MW

o/w Thermoelectric: 1,429 MW

o/w Hydro: 73 MW

o/w Renewables: 117 MW

Delivery points:

approx. 1.7 million

The

Netherlands

Sloe

Centrale

B.V.

Electricity

generationInstalled capacity: 870 MW(2)

EBITDA 2012(3) : 31% of Other International EBITDA

2012 total generation(3): 10 TWh

A strategic area for EDF:

A region that includes important interconnections with the French/German power markets

Key area in the European natural gas market due to its manyfacilities for import and transit, and the Zeebrugge hub

Main entities: EDF Belgium and EDF Luminus (former

SPE); Sloe Centrale B.V. (the Netherlands) EDF Belgium

100% EDF-owned

Owns 50% (481 MW) of the Tihange 1 nuclear power

EDF Luminus

EDF majority shareholder (63.5%), through EDF Belgium

12% of Belgian installed capacity

Total generation in 2012 of 5,358 GWh

2012 market share: 20% of end-customer sales

EDF Luminus owns 10.2% (418.5 MW) in nuclear power plants

Tihange 2 and 3 and Doel 3 and 4

Sloe Centrale B.V.

CCGT: 2 units of 435 MW

50% partnership with Delta B.V.


36

North America – activities’ profileNorth American activities - Generation

Storage: approx. 50 bcf storage capacity rights in 23 separate sites in the US and in Canada

Transmission: 7.6 bcf transported daily in North America

Coal: Rights of way on several terminals(East Coast and Gulf)

Crude oil: In 2012, EDF Trading has created a new business line linked to crude oil logistics. EDF Trading plans to expand its activity in 2013

Wholesale load: 674 MW in power load auctions

Retail load: 2,345 MW, including Champion

Environmental commodities: active trader of RECs(1), biogas, weather derivatives and emissions

North American activities - Gas

North American activities - Other

(1) Renewable Energy Certificate

Generation and development

EDF Inc – almost 2 GW of nuclear through 49.99% stake in CENG

EDF Trading North America – contractual management of 26 GW of generation

Unistar Nuclear Energy (UNE), 100%-controlled by EDF, works on new developments in nuclear

EDF Renewable Energy (formerly enXco): 1,697 MW net of wind capacity, solar and biogas and 143 MWc of solar capacity under construction

EDF EN Canada: 23 MW of solar and 218 MW of wind and 162 MW under construction

EDF EN Mexico: 89.5 MW of installed capacity. The construction of 324 MW of wind started in 2012

Operation and Maintenance for third parties:

EDF Renewable Services (formerly enXco Service Corp): management of wind turbines and solar panels as a senior operator and on behalf of third parties for a total capacity of more than 7 GW of wind and solar, 3 GW of new capacity earned run in 2012


37

Houston, TX

San Diego, CA

Chevy, Chase, MD

Baltimore, MD

CENG nuclear assets

EDF RE Developed Wind /

EDF EN Developed Wind

EDF RE O & M (eSC)

EDF RE Developed solar /

EDF EN Canada solar

EDF RE Biogas

EDFT Generation asset optimization

EDFT Retail load

EDFT Power transmission

EDFT Stockage de gaz

EDFT LNG re-gas capacity

EDFT Gas asset management

EDFT Gas transmission

EDFT Coal terminal (through rights)

A strong and diversified presence

in North America

Map of EDF Group North American operations: EDF Inc, CENG, EDF Trading North America and EDF Renewable Energy

Wind, solar and O&M projects in United States are under EDF Renewable Energy. Mexico and Canada are under EDF Energies Nouvelles brand

R&D and Innovation


38

North America: market characteristics

(1) Production Tax Credit = tax credit to support wind energy production

US Market Outlook

Mexican Market Outlook

The United States is the largest energy market in the worldand has a highly fragmented industry structure

Power prices are low due to low gas prices from recently developed shale gas production and reduced energy demand as a result of the economic recession

Poor visibility on the future energy policy with PTC’s renewal one year but should expire at the end of 2013

Environmental regulations

29 States and the District of Columbia have a Renewable Electricity Standard, requiring a percentage of an electric provider’s energy sales or installed capacity to come from renewable sources

Within the next two years, the US Environmental Protection Agency (EPA) is expected to release final versions of major rules addressing emissions of ozone, particulate matters, mercury, coal ash, as well as environmental impacts of cooling water intake structures

EPA regulations covering SOx and Nox expected to start in January 2012 are being delayed by litigation

With respects to carbon emissions, there is currently insufficient momentum in the US to support the implementation of emission reduction policies (except California ,which has implemented its « Cap & Trade » CO2 emission permits and has announced to link its market to the Quebec market system)

Only Ontario and Alberta have opened electricity markets. British Columbia is likely the next large market to open

Growth is driven by Provincial carbon / renewable policies, but also tar sands developments in Alberta (the largest growing power market in Canada)

Ontario and Quebec are the largest renewable energy markets. Ontario policies in favor of solar and wind energy were solidified with the re-election of the Liberal Party during provincial elections

High electricity price for commercial and industrial customers combined with favorable banking makes wind competitive without subsidies

Federal Government set goal of 7.5% of energy generation to be sourced from renewables by 2017

Installed wind capacity has more than doubled in 2012 reaching 89.5 MW, with the commissioning of several big projects in Oaxaca’s area

Canadian Market Outlook


39

Central and Eastern Europe – zone profile

Three main countries: Poland, Hungary and Slovakia

Poland

Electricity generation, cogeneration

4 main subsidiaries: EDF Rybnik, EDF Wybrzeze, EDF Krakow, Kogeneracja (owned at 50 % and one share)

EDF's acquisition of EnBW interests in Poland has finalized on 16 February 2012. It led to the (indirect) acquisition by EDF International of 32.45% stake in EDF Rybnik, 15.59% in the Kogeneracja cogeneration and 25% stake in the shared service center EDF Polska CUW

Hungary

2 main subsidiaries: BE ZRt (Electricity and heat generation) and DEMASZ ZRt (Electricity and gas distribution & sales)

Slovakia

49% holding in Stredoslovenska Energetika (SSE) (Electricity and gas distribution & sales)(1)

Key points Assets

Country Company Main activities Technical data

PolandEDFWybrzeze

Electricity and heat generation

Electrical capacity: 333 MWThermal capacity: 1,199 MWth

Poland EDF Rybnik Electricity generation Electrical capacity: 1,775 MW

Poland EDF KrakowElectricity and heat generation


Poland KogeneracjaElectricity and heat generation


Poland

Zielona Gora (owns at 98.4% by Kogeneracja)

Electricity and heat generation

Electrical capacity: 221 MWThermal capacity: 296 MWth

Hungary BE ZRtElectricity and heat generation


HungaryEDF GroupDÉMÁSZ ZRt

Electricity distribution & sales

Customers(approx.) : 770,000Supply: 3.2 TWhDistribution: 4.4 TWhDelivery Points: ~ 775,000

Slovakia SSE GroupElectricity distribution & sales

Customers(approx.) : 630,000Supply: 4.9 TWhDelivery Points: 722,000

2012 EBITDA Poland, Hungary, Slovakia: 32 % of Other International EBITDA


authorization to a general meeting of shareholders of SSE. Closing is expected during second semester of 2013 following receipt of antitrust clearance.


40

Heat and/or electricity generation companies

Trading (electricity, coal)

EDF Group representation in Poland

Installed capacity in 2012:~3,150 MWe and ~4,000 MWth

Employees: ~3,500

Zielona Gora

EDF Wybrzeze

Cergia

EDF Kraków

EDF Rybnik

PEC Tarnobrzeg

EDF Polska

EDF Energia

Kogeneracja

EDF Paliwa

EDF in Poland: a strong position in the 5th key-market of the Group

EDF Group is planning to improve the environmental standards of its plants in Poland


41

China

EDF Group is the largest foreign investor in the Chinese electricity sector

EDF has signed partnerships for developing nuclear power, coal-fired and hydropower facilities, electricity distribution and energy efficiency

First foreign company to invest in a Chinese nuclear power project (TNPJVC, 2009), at 31 December 2012, EDF owns 30% of TNPJVC, which aims to finance, construct, commission and operate two EPR nuclear power plants(2 x 1,750 MW)

The reactor dome for the second unit was installed in September 2012. The reactor dome for the first unit was successfully installed in October 2011. Safety report has been sent to the Chinese Safety Authority in December 2012. 2013 will see further electro-mechanical assembly and the beginning of start-up trials

Stakes in companies operating coal-fired power plants with a total installed capacity of 4,980 MW in Guangxi (Laibin B), Shandong (SZPC), et Henan (DSPC)

Gas sector: At 31 December 2012, EDF is still a shareholder with a 20% stake in Buget, but has taken the decision to withdraw

Key points Map of operations

Beijing

BUGETGas & Engineering

EDF: 20%

FIGLECProject LAIBIN B

2x360 MW thermal

EDF: 100% +

SYNERGIE in charge of

operation and maintenance

EDF: 85%

TNPJVC

TAISHAN 1&2EPR 2 x 1,750 MW nuclear

JV EDF 30% , CGNPC 70%

SZPC3,060 MW thermal

EDF: 19.6%

DSPCProject SAN MEN XIA II

2 x 600 MW thermal SC

EDF: 35%

CountryCompany name (stake)

Asset Installed capacity(1)

China SZPC (19.6%) 4 coal-fired power plants 3,060 MW

China DSPC (35%) San Men Xia 2 (coal) 2 x 600 MW

China Figlec (100%) Laibin B (coal) 2 x 360 MW

Assets

(1) Data at 100%


FACTS& FIGURES

2012EDF’s strategy within the energy sector

43


Energy sector challenges

EDF’s positionning to address these challenges

EDF’s strategic vision

The EDF Group EDF main businessesEDF strategy Financials Market data AppendicesCorporate responsibility

44

48

49

44

Growing needs in energy and electricity, even with ambitious demand side management targets:

Demand driven by:

Developing countries: 85 % of demand growth by 2035

Demography: 7 billion people in 2010, +2 billions by 2050

Economic catch-up

Urbanization: today 50 % of the world population live in cities (vs. 70 % in 2050). Within the next 20 years, 10 mega-cities will reach 7 millions and more of inhabitants every year

In OECD countries, growing need for affordable energy costs to support competitiveness, industrialization and employment

12 20 20

44

Energy sector long-term challenges (1/3)

Sources : IEA, ETP 2010, scenario +4°

By 2050, global GDP will

be mutiplied by 4

Energy demand x 1,5 Electricity demand x 2

Energy consumption

(toe/pers./y) in 2009

2012 20122050 2050

‘000 TWh

Gtoe

EDF’s strategy Energy sector challengesEDF’s positioning to address these challenges EDF’s strategic vision

Africa India Brazil China France Japan Russia USA

45

Energy sector long-term challenges (2/3) Security of supply: growing oil and gas imports weighing on external trade balances and the 3rd oil

shock

In 2011, oil at record price for the last 100 years (Brent at USD111/bbl on annual average, in constant $). The resources exist (approx. 250 years of oil and gas including non-conventional), but with rising extracting costs. Scarcity is more economical and geopolitical than physical.

Doubling of oil costs in Europe, China and Japan versus the average of the last 20 years.

France: overall energy bill is EUR 68bn in 2012 = the amount of the trade deficit

Rising energy dependency everywhere but in the United States

Sources: IEA, World Energy Outlook (WEO) 2012

Oil and gas imports dependency in major countries

0 %

20 %

40 %

60 %

80 %

100 %

20 % 40 % 60 % 80 % 100 %

Oil imports

Gas imports

USA

ChinaIndia

European Union

2010

2035

20 %Gas exports


46

Energy sector long-term challenges (3/3) Climate change: a major issue in which the power sector plays a major role as its CO2 emissions

represent 40% of the global energy sector’s emissions

Without rapid changes temperature will rise by 5 to 7°C

Electricity sector is both part of the issue and part of the solution: Coal and gas provide 60% of the global power output and emit 40% of global energy related emissions. At the same time, CO2 free technologies already exist in the power sector (hydro, nuclear, renewable energies, etc.)

CO2 free electricity can substitute fossil energy (transport, etc.)

CO2 emissions between 2000 and 2050 in order to limit the increase in temperature by +2°C in 2100

CO2 emissions between 2000 and 2010

CO2 emissions if the total fossiles fuels reserves are burned (oil, coal, gas…) from 2012

Sources: IEA, World Energy Outlook (WEO) 2012,

CO2 free electricity: one response to fight climate change

400 Gt

1400 Gt

2860 Gt


47

Global and local perspective on electricity

Local: High expectations: need to expand and enhance the networks, quality of service, demand side

management and environmental friendly districts, electric mobility, local generation of power and heat

Urbanization trend: need to develop sustainable cities and smart power systems

Global: Natural resources prices (coal, oil, etc.) are set on a global basis

Industrial context and technologies: China manufactures 80% of global PV panels and represents half of the global new nuclear build. Within the next 20 years, half of the new hydro dams will be built in China and Brazil.

Need for a global and local perspective on electricity


EDF’s positionning to address these challenges


48

EDF well positioned to address these challenges

Leader and modern public service provider across the electricity value chain

Leader in CO2 free energies

Industrial know-how and complex systems management skills

Building the future through investment in R&D and innovation

EDF: 73% CO2 free generation mix(1)

53%

16%

4%

17%

10%

Nuclear

Hydro

Renewables

Coal/Fuel

Gas

• Competitive generation mix

• Low CO2 emissions: carbon factor for EDF at 117g CO2/kWh vs. 338g CO2/kWh for the European average(2)

• Low exposure to commodities risk versus peers

(1) Net capacity

(2) 2011 figures for European carbon factor (source: PWC - November 2012); 2012 figures for EDF Group


49

Strategic vision

Industrial view for the electricity value chain

Integrated view of the overall power system

EDF cares about the countries’ interests in which the Group operates and the specific rules in place

Sustained relationships with local partners


50

Ambitions and strategic priorities

To be a global electricity player servicing its clients

Enhance its position in Europe: France, United Kingdom, Italy, Poland, and Belgium

Operate in key countries: where new technologies are being developed, in line with the future of EDF’s activities and as a function of their geostrategic importance

Develop opportunistically EDF’s activities in specific countries

Build the future for our clients with an edge through innovation and with driven high quality teams


FACTS& FIGURES

2012EDF main businesses

52

EDF main businesses

Generation

Networks - Transmission & Distribution

Optimization - Trading - Supply (Focus on France)

GasGas


53

117

126

141

53

EDF main businesses


Generation

Nuclear

Hydropower & Renewables

Thermoelectric plants

54

94

109

54

EDF main businesses Generation Hydropower & renewablesNuclear Thermoelectric plants

EDF main businesses

Generation

Nuclear

Key points Nuclear

Existing Nuclear France

Existing Nuclear UK

Safety

Nuclear New Build

Long-term provisions

55

56

72

78

79

86

55

Nuclear: a unique expertise

EDF: The world’s leading nuclear powerplant operator, with 1,550 reactor yearsof experience

Generating energy at competitive cost, not influenced by fossil fuel prices, with no CO2

emissions

Assets in France, the UK, the US and China

EDF is building new reactors

The new EPR will use 22% less fuel

than the currently used PWR

One EPR unit being built in France, two in China

and projects under study in the UK

Did you know?

EDF

existing fleet58 reactors in France,

15 reactors in the UK,

5 reactors in the US

Did you know?

New nuclear

development

3 EPR reactors

under construction

Did you know?

A strong

experience1,550 reactor-years

of experience operating

the French fleet

Generation Nuclear Key points Nuclear

Nuclear New Build


SafetyExisting Nuclear France

Existing Nuclear UK

56

EDF French nuclear fleet 74.8%(1) of French power generation in 2012

58 reactors in operation

19 sites

3 series of the same Pressurized Water Reactors(PWR) technology:

900 MW 34 reactors 31 GW

1,300 MW 20 reactors 26 GW

1,450 MW 4 reactors c.6 GW

Did you know?

The whole fleet in operation today has been built using the same

technology (PWR). This standardization allows for operational

synergies and greater efficiency. Moreover, more than being

just a nuclear operator, EDF is an architect-

assembler, meaning that it is responsible for the design, schedule

and building of the reactors with the benefit of running its fleet safely

(1) Source : RTE

Gravelines

ChoozCattenom

Fessenheim

St Alban

Cruas

Tricastin

Penly

PaluelFlamanville

St Laurent Dampierre

BellevilleChinon

Civaux

Blayais

Golfech

Nogent Seine

900 MW 1,300 MW 1,500 MW EPR

Bugey


Nuclear New Build



Existing Nuclear UK

57

PWR operating principles

Turbine hall building(non nuclear zone)

Reactor building(nuclear zone)

Primary system Secondary system Cooling system


Nuclear New Build



Existing Nuclear UK

58

The strengths of EDF nuclear fleet in France (1/2) Key points of EDF nuclear fleet in France

An average age of 27 years

44 GW commissioned between 1980 and 1990 out of a total installed capacity of 63 GW in France

Technical standardization and constant improvement of safety

EDF, architect-assembler, owner and operator of its plants

Investment program for replacing large components after 30 years of operation (2010-2020)

Obsolescence of some large components that must be replaced after approximately 30 years of operation

(international benchmark)

With a view to operating facilities beyond 40 years

Extending operations beyond 40 years

Consistency of the target with the global trends observed for similar technologies (PWR)

EDF proposes a re-evaluation of specific safety standards to the ASN in order to achieve an implementation during the

4th 10-year visit for the 900 MW and the 3rd 10-year visit for the 1,300 MW plants


Nuclear New Build



Existing Nuclear UK

59

The strengths of the EDF nuclear fleet in France (2/2) The French regulatory framework: safety re-evaluation every 10 years to strengthen the power plant

conception Implementation of a safety standard and an improvement program during the 10-year visit for each series, after the

French Nuclear Safety Authority (ASN) approval

Systematic re-evaluation of the safety requirements with the national feedback and the development of scientific and

technical knowledge

Following Fukushima, increase of the installations’ protections against critical situations: Reinforcing current protection of facilities and certain materials against earthquakes and floods

Reinforcement of back-up water and electricity supplies

Implementation of the “Force d’Action Rapide Nucléaire” (FARN – Nuclear Rapid Action Force) to bring, within 24

hours, human and material needs on any site in critical situation

Reinforcement of the operational teams on the nuclear sites: To implement post-Fukushima measures

With an eye to the future major maintenance works


Nuclear New Build



Existing Nuclear UK

60

The French nuclear fleet: operating cycleCycle

Generation Generation Planned

outageLength can vary by ten days from one cycle to the next

Planned

outageFor refueling, maintenance, repairs

Duration: variable, between 30 and 100 days

900 MW: 28 reactors in 12-month cycle

6 reactors in 18-month cycle

1,300 MW: 20 reactors in 18-month cycle

1,450 MW: 4 reactors in 18-month cycle

The refueling cycle of nuclear reactors Types of planned outages

Two types of programmed shutdowns are alternated at the end of each generation cycle:

Ordinary shutdown for refueling only (ASR): unloading spent fuel and refueling fresh fuel Standard period ≈ 35 days

Partial inspection for refueling and maintenance (PI): refueling and maintenance. Standard period ≈ 60 days, varying according to programs for maintenance work

10-year inspections: standard period ≈ 100 days, varying according to programs for safety upgrades and maintenance work

Regulatory obligations (safety tests and various controls), adapting safety to latest standards, maintenance work and changes


Nuclear New Build



Existing Nuclear UK

61

Average of six 10-year inspections per year in France

(1) This length varies according to the works and maintenance program and the series in question

0

1

2

3

4

5

6

7

8

9

2011 2012 2013E 2014E 2015E 2016E 2017E 2018E 2019E 2020E 2021E 2022E 2023E 2024E

1,450 MW

1,300 MW

900 MW

One 10-year inspection = about 100 outage days(1)

Average of six 10-year inspections over the period


Nuclear New Build



Existing Nuclear UK

62

French consumption pattern is particularly seasonal and thermosensitive

Consumption pattern with high seasonal variations

Between 32 and 35 TWh / monthduring the summer

Between 40 and 55 TWh / month during the winter

France is highly sensitive to temperature changes. 1°C variation in temperature in France:

In winter ≈ ± 2,300 MW

In summer ≈ ± 500 MW

Source: European Network of Transmission System Operators for Electricity ENTSO-E

which creates special demand on the nuclear fleet

2012 monthly consumption in main European countriesIn GWh

0

10000

20000

30000

40000

50000

60000

1 2 3 4 5 6 7 8 9 10 11 12

Allemagne

Espagne

France

R-U

Italie

Jan. Feb. Mar. Apr. June July Aug. Sept. Oct. Nov. Dec.

Germany

Spain

Italy

UK

France


Nuclear New Build



Existing Nuclear UK

63

A seasonal schedule of outages A minimum number of outages during winter Necessary balance between 12-month and 18-month production cycles

Year 2012 / Number of PWR units in planned outage/week(1)

0

2

4

6

8

10

12

14

16

18

20

0 10 20 30 40 50

(1) At a specific instant t


Nuclear New Build



Existing Nuclear UK

64

Change in load factor and nuclear output

Annual Kp (load factor) of nuclear fleet Net nuclear output (PWR fleet)

Kp (%) In TWh

395

401

417421

427429 428

418 418

390

408

421

405

350

400

450

2000 2002 2004 2006 2008 2010 2012

72.874.1

75.5 76.177.0 77.6 77.4

75.6 75.3

70.7

73.8

76.1

73.0

55

65

75

85

95

2000 2002 2004 2006 2008 2010 2012


Nuclear New Build



Existing Nuclear UK

65

92.0 92.093.0 93.1 92.7

94.595.4

90.6

94.1 94.5

91.8

85

88

91

94

97

100

2002 2004 2006 2008 2010 2012

Availability of French nuclear fleet since 2002

Did you know?

The Kd, or availability factorrepresents the available energy as a

percentage of the maximum energy that

could be generated if the installed capacity

were operated year-round

The Ku, or utilization factoris the energy generated as a percent of

energy available and reflects environmental

and social constraints, supply of system

services and optimization

The multiplication of the Kd and the Ku leads

to the Kp, or load factor, defined as

the generated energy compared to the

maximum theoretical energy

Kp = Kd x Ku

Kd and winter Kd (%)

82.5 82.7 82.8 83.4 83.6

80.2 79.2 78.0 78.580.7 79.7

90.192.5

94.892.9

90.1 89.992.4

86.8

94.692.3 91.5

70

75

80

85

90

95

100

2002 2004 2006 2008 2010 2012

Kd

Winter Kd(1)

(1) Kd from 1 December (N) to 14 February (N+1)

Ku (%)


Nuclear New Build



Existing Nuclear UK

66

Comparison between EDF and PWR US fleet Kd

Kd includes the impact of technical unavailability(planned and unplanned outages)

PWR US fleet operates purely under base-load generation

French fleet operates with seasonality of outages

Key structural discrepancy ≈ - 6 points

≈ - 2 pts: fuel management method (fuel cycle)

≈ - 2 pts: solicitation method (load monitoring in France)

≈ - 2 pts: regulation and safety specificities

Availability

95

85

75

651990 1995 2000 2005 2008

EDF (58 PWR)

USA (69 PWR)


Nuclear New Build



Existing Nuclear UK

67

Continuous improvement in operating conditions

0

20

40

60

80

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

6961 58 56 53

3141 40

30 32

The number of automatic outages is a

key indication of safety. It measures the

quality and seriousness with which

operations are conducted. The results of

EDF’s fleet have been among the best in

the world over the last five years

Number of automatic reactor stoppages

0,5

0,7

0,9

1,1

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

H.Sv/tr

0.67

Average annual collective dose / reactor

0

5

10

15

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Thanks to initiatives jointly-led by EDF and its suppliers, all employees benefit from the same safety level which is constantly improving

Contractors

EDF4.22.7

Accident frequency rate(1)

(1) Number of accidents with work stoppage per 1 million hours worked


Nuclear New Build



Existing Nuclear UK

1.1

0.9

0.7

0.5

68

Operating performance: the drivers

Pursuing replacement of large components (steam generators, alternators’ stators, main transformers)

Reinforcing industrial management of planned outages to reduce outage extensions

Improving the reliability of equipment through preventative maintenance to reduce unplanned unavailability


Nuclear New Build



Existing Nuclear UK

69

Replacement of large components to continue

Replaced at end 2012 Priority replacements

Steam generators

(3 SG / 900 MW-reactor)22 of the 900 MW-reactors

4 reactors by 2014

of which 3 in 2013

Alternator stators 31 reactors19 reactors until 2017

of which 4 in 2013

Main transformers

(3 units / reactor)

Programme ramped up starting in 2012:

4 reactors / year on average until 2020


Nuclear New Build



Existing Nuclear UK

70

Corrective measures

Reducing the unplanned unavailability rate: the AP 913 approach(1)

Identification

of critical components

Classification of components

according to fault causes:

Output loss > 20 %

Immediate automatic reactor

outage, etc.

Corrective measures prioritized

according to the component's

criticality

Life cycle management

Life cycle management

adapted to the component's

criticality

Preventative maintenance

Preventative maintenance and

monitoring programs adapted

to the component's criticality

Continuous performance

monitoring

Integrated IT system

to monitor equipment reliability

(1) AP913 is an equipment reliability process description established by the

French Institute of Nuclear Power Operations (INPO)


Nuclear New Build



Existing Nuclear UK

71

Reinforcing the control of unit outages to reduce their extensions

Objective: reduce the time for outage extension periods via continuous management of the critical activities of the outage and a reactive response to technical alerts

Alerting COPAT after 30 minutes

Implementation of reactive maintenance teams on a continuous basis and creation of teams identified for the integration of feedback

Management process of important hazards

The Operating Centre for Continuous Management of Unit Outages (COPAT):


Nuclear New Build



Existing Nuclear UK

72

EDF Energy nuclear fleet

Generated c.17%(1) of UK output in 2012

8 nuclear power stations

15 reactors in operation

2 technologies (AGR and PWR), with a total capacity of 8.7 GW

Highlights

Did you know?

An AGR differs in many respects from a PWR. Whereas the AGR design is

unique to the UK, the PWR design is the most common reactor type in the world

An AGR has a graphite moderator helping to control the reaction. The reactor is

encased in a steel-lined pre-stressed concrete pressure vessel several meters thick

which also acts as a biological shield. The steam generator in which water is

heated is situated inside the pressure vessel. An AGR uses enriched uranium

dioxide encased in a stainless steel pin for its fuel and CO2 as its coolant

A PWR is contained inside a steel pressure vessel filled with pressurized water

which acts as the coolant and moderator. The fuel used is enriched uranium dioxide

and is contained in zirconium alloy tubes

(1) Source: Department of Energy & Climate Change Energy Trends, March 2013

Torness

Hartlepool

Dungeness B

Hunterston B

Heysham 1 & 2

Hinkley Point B

Sizewell B

Advanced Gas-cooled Reactor (AGR)

Pressurised Water Reactor (PWR)


Nuclear New Build



Existing Nuclear UK

73

2007 2008 2009 2010 2011 2012

Output

(TWh)

51.9 40.2 55.1 48.3 55.8 60.0

Kd (%) 67% 53% 72% 63% 73% 78%

74%

80%

76%

79%

71%

73%

67%67%

53%

72%

63%

73%

78%

50%

60%

70%

80%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Key figures: Nuclear output in UKK

d (

availa

bili

ty fa

cto

r)

Buy-outBritish Energy

Extended outages at Dungeness B, Heysham 2 and Sizewell B

+4.2 TWh in 2012 (compared to 2011), in accordance with the objective of achieving a nuclear output higher than 55 TWh


Nuclear New Build



Existing Nuclear UK

74

Key points of the EDF Energy nuclear fleet

A nuclear fleet with an average age of 29 years

Total power generation of 8.7GW

Strong improvement of the operational performance, with an output of 60 TWh in 2012 (+4.2 TWh yoy), in accordance with the performance objective of achieving a nuclear output higher than 55 TWh

Safety is the over-riding priority

Adequacy of each station confirmed at each statutory outage - Office for Nuclear Regulation (ONR) has to provide consent to restart after each outage

Periodic safety review (PSR) undertaken every 10 years, also requiring ONR acceptance

Following events in Japan

EDF Energy has completed evaluations required by WANO, responded to the ONR recommendations and responded to the EU Stress Test

EDF Energy concluded, with agreement from the ONR, that the fleet of existing stations is safe to continue operations. However the Stress Test examinations and subsequent work has identified some areas for improvement and opportunities for resilience enhancements have been identified and additional safety investment to implement these is planned over the next few years

On track to deliver on life extensions target

Life extension subject to review of safety, technical and economic factors

Target to extend the lives of the AGR by an average of 7 years, and Sizewell B by 20 years

Life Extension of 7 years for Hinkley Point B and Hunterston B confirmed in 2012


Nuclear New Build



Existing Nuclear UK

75

EDF Energy nuclear power station lifetimes

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2055

We now expect an average of seven-year life extensions across the AGR fleet and 20 years for Sizewell B

Hinkley

Hunterston

Hartlepool

Heysham 1

Heysham 2

Torness

Dungeness

Sizewell

We expect to

achieve an average

of seven years life

extensions across

the AGR fleet

(relative to

scheduled closure

dates at acquisition

in 2009)

Period to Scheduled Closure

Date (at acquisition in 2009)

Extensions since 2009

High Confidence Scenario for Sizewell B is

closure in 2055 (+ 20 years)

Note - The 7 year average is referenced against the plant lives at acquisition in 2009 – Hartlepool / Heysham 1 have already been extended by 5 years in 2010 and

Hunterston - Hinkley by 7 years in 2012


Nuclear New Build



Existing Nuclear UK

76

0

0.2

0.4

0.6

0.8

1

2001/02 May-05 Nov-05 May-06 Nov-06 May-07 Nov-07 May-08 Nov-08 May-09 Nov-09 May-10 Nov-10 May-11 Nov-11 May-12 Nov-12

0.00

0.50

1.00

1.50

2.00

Dec-02 Dec-04 Dec-06 Dec-08 Dec-10 Dec-12

Accident frequency rate

EDF Energy nuclear safety performance has improved significantly

Lo

st tim

e a

ccid

en

ts p

er

20

,00

0 h

ou

rs w

ork

ed

Fleet 12-month UATR Collective radiation exposure (averaged over 3 year period)

(ma

n-S

vp

er

rea

cto

r p

er

ye

ar)

EDF Energy employees

Contractors

WANO median

UA

TR

(tr

ips p

er

70000 h

rs c

ritical)

Good

0.00

0.04

0.08

0.12

0.16

2004 2005 2006 2007 2008 2009 2010 2011 2012


Nuclear New Build



Existing Nuclear UK

77

A clear plan to maximize performance and long-term value

Key Objectives

Excellence in Safety – Safety is over-riding priority

Achieve sustainable output of >55 TWh per annum; key focus areas identified

Maintain adequate investments in plant including that necessary to support life extensions and post-Fukushima enhancements

Maintain and develop skilled workforce to support UK new build program

Maintain and develop skilled workforce to support UK new build program

Zero harm

Seek opportunities to further enhance output sustainably

Deliver life extensions of an average of 7 years for the AGRs and 20 years for Sizewell B

Closely aligns with the UK ambition to achieve secure, affordable and low carbon electricity

Short to medium

term

Long-term

strategic target


Nuclear New Build



Existing Nuclear UK

78

Post-Fukushima

(1) Office for Nuclear Regulation

(2) Nuclear Regulatory Commission

France United Kingdom USA

Transmission of

preliminary

reports

14 September 2011: EDF submits to the French

Nuclear Safety Authority (ASN) the 19 reports on

Additional Safety Assessments

From 15 April 2011 to 31 July 2011 + EDF Energy

submits 8 additional safety reports to the ONR(1)

on 31/10/2011

The NRC(2) set 5 years(2012-2016) to introduce

all the Fukushima lessons to the safety

standard, with 7 short-term priorities : crisis-

response systems in the event of an external

attacks and electricity outages, “venting” for

BWR, surveillance of the pools, crisis response

teams, management procedures for serious

accidents

Conclusion of

technical

requirements

3 January 2012: ASN submits to the Government

its opinion about the Additional Safety

Assessments in which it « …considers that the

facilities examined show a sufficient level of safety,

and that it will not thus request the immediate

shutdown of any of them. At the same time, the

ASN considers that continuing to operate facilities

requires an increase in their robustness as soon as

possible; to an extent beyond that set down in the

existing safety margins, to cope with extreme

situations ».

According to the ONR(1) « Neither the reviews

undertaken by the Licensees for the stress tests,

nor the earlier national reviews has indicated any

fundamental weaknesses in the definition of

design basis events or the safety systems related

To the stress tests to withstand them for UK

NPPs »

A preliminary campaign of reinforced control

against external aggression (earthquakes,

floods, tornadoes…) permits to avoid immediate

shutdowns but some tests are still ongoing

Implementation

of prescriptions

• Reinforcing current protection of facilities and

certain materials against earthquakes and floods

• Reinforcement of back-up water and electricity

supplies

• Implementation of the “Force d’Action Rapide

Nucléaire” (FARN – Nuclear Rapid Action Force)

to bring, within 24 hours, human and material

needs on any site in critical situation

For the entire fleet, preparation for emergency

have been stepped up to reflect a better

understanding of the evolution of serious and the

availability of emergency equipment

The US nuclear industry anticipated and

reinforced its intervention/assistance tools

immediately, with the support of the INPO(3) and

the EPRI(4). All the procurements have been

arranged at the end of 2012. The industry also

decided and implemented two regional rapid

action centers

(3) Institute of Nuclear Power Operations

(4) Electric Power Research Institute


Nuclear New Build



Existing Nuclear UK

79

EPR technological improvements made for: Safety:

Accident probability reduction (factor 10)

External hazard protection (aircraft shell)

Evolutionary design (core catcher)

Performance:

Annual generation boosted over 36%

Thermal efficiency improvement (+ 3 pts)

Increased availability (91%)

Radiation protection:

40% cut in present exposure

Environment:

Very important reduction of radioactive waste and gaseous and liquid discharges


Nuclear New Build



Existing Nuclear UK

80

EPR design improvements

Core catcher in case

of an accidentAircraft shell

4 independant

safeguard systems

Systems and

components

improvement


Nuclear New Build



Existing Nuclear UK

81

An update on the Flamanville 3 project at end-2012

First kWh generation targeted for 2016

Construction costs of about €8 billion(1)

Progress of works at 31 December 2012

□ 94% of civil engineering completed

□ 39% of electro-mechanical assembly completed

□ Turbo-alternator unit components being achieved

□ A full-scale simulator has been brought into service

□ Pumping station operational

New supports for the polar bridge of the reactor building installed

Installation of reactor dome expected for summer 2013

Proceedings with the French nuclear safety authority (ASN):

□ Modifications to the command centre validated by the ASN in April 2012

(1) In 2008 euros


Nuclear New Build



Existing Nuclear UK

82

Flamanville 3 EPR: a first of a kind achievement, the feedback of which will benefit other projects Close cooperation with Areva teams on the French and Finnish EPRs

Organization designed to encourage Flamanville 3 feedback for the other projects, of which Taishan, and reciprocally

An in-depth analysis of Flamanville 3 to improve scheduling for next EPRs:

20 months of savings identifiedin Flamanville 3’s first four years

Impact already seen at Taishan


Nuclear New Build



Existing Nuclear UK

83

China TNPJVC

Taishan 1 & 2 (EDF 30%)

Two 1,750 MW EPRs

under construction

16,000 people involved

Construction work carried out

at 31 December 2012

□ Unit 1: end of welding work on main primary circuit, civil engineering on reactor building and adjacent

auxiliary buildings complete; installation of first parts of turbo-alternator Group and first condenser

□ Unit 2: dome of the reactor building installed, main bridge in the machine room installed

□ Common areas: commissioning of water demineralization station

2013: electro-mechanical assembly and starting of launching tests


Nuclear New Build



Existing Nuclear UK

84

New Nuclear – Rest of the World

26 November 2012: Office for Nuclear Regulation granted a Nuclear Site Licence for Hinkley Point C

13 December 2012: Health & Safety Executive issued a Design Acceptance Confirmation and the Environment Agency issued a Statement of Design Acceptability of the EPR Pressurised Water Reactor

4 February 2013: Centrica announced its decision not to participate in UK Nuclear New Build. This decision does not affect the continuing partnership between the two companies in the Nuclear Generation business

13 March 2013: Environment Agency granted the three main environmental permits required for operating the proposed site at Hinkley Point C

19 March 2013: The Secretary of State for Energy and Climate Change approved the Development Consent Order giving the planning permission to EDF to build a new nuclear power station at Hinkley Point C

Final Investment Decision to be made following conclusion of discussions with the UK Government on Contracts for Difference

Continued actions aiming at obtaining a license for the EPR in the US

United Kingdom

United States


Nuclear New Build



Existing Nuclear UK

85

In the UK, Contracts for Difference can provide the certainty investors need to build new low carbon plants

Reduce market volatility and risksfor investors

Offers a fair deal for consumers

Not a new mechanism

IPPs in the 1990s

Used extensively during the Pool

Common in commodities trading

Can be tailored by technology

Implementation issues manageable

2010 2015 2020 2025 2030 2035

IntroductionGenerator pays difference

Difference paidto generator

Illustrative contract strike price

Power price (including carbon price support)

Illustrative Impact CfD on Revenues for Low Carbon Generators

(£/MWh) – starting 2018


Nuclear New Build



Existing Nuclear UK

86

What are nuclear long term provisions ?

In France, EDF’s provisions are calculated in accordance with the law of 28 June 2006 and relevant expenses are estimated based on the economic conditions of the year-end

We may distinguish between two categories of provisions:

Provisions for back-end nuclear cycle expenses, covering:

Provisions for spent fuel management, including the used fuel in the reactor not yet spread

Provisions for long-term management of radioactive waste (see below for more details)

Provisions for decommissioning and for last cores

Another way to look at it from a financial point of view is to separate them based on the necessity to cover the provisions with dedicated assets

Indeed, only provisions for decommissioning, for long-term radioactive waste management and a part of provisions for last cores are to be covered by dedicated assets (see financial section for more information on dedicated assets)

The rest of the provisions (mainly provisions for spent fuel management) are part of the operating cycle and are not subject to the dedicated assets constitution


Nuclear New Build



Existing Nuclear UK

87

The plant dismantling cycle: 3 key steps

Final shutdown

The first phase consists of unloading the fuel and draining all systems (after which 99.9% of on-site radioactivity has been eliminated), followed by decommissioning (dismantling of decommissioned non-nuclear installations)

Partial dismantling

The second phase consists in dismantling all equipment and buildings (with the exception of the reactor building), the packing and shipment of all waste to accredited storage and disposal facilities and monitoring of the reactor building

Full dismantling

This final phase involves the full dismantling of the reactor building and of materials and equipment that are still radioactive, as well as the removal of waste produced in this phase 3

Phase

3

Phase

1

Phase

2

The duration and complexity of the three phases may vary according to the actual

scope of the work that needs to be done


Nuclear New Build



Existing Nuclear UK

88

EDF nuclear plants being dismantledIn 2001, EDF decided to fully dismantle its nine mothballed plants over a period of 25 years instead of 50 years

1 pressurized-water reactor (PWR)□ Chooz A (300 MW): 1967-1991

1 heavy-water reactor (HWR)□ Brennilis (70 MW): 1967-1985 (EDF / CEA)

6 natural uranium / graphite gas reactors

(NUGG)□ Chinon A1 (70 MW): 1963-1973

□ Chinon A2 (200 MW): 1965-1985

□ Chinon A3 (480 MW): 1966-1990

□ Saint-Laurent A1 (480 MW): 1969-1990

□ Saint-Laurent A2 (515 MW): 1971-1992

□ Bugey 1 (540 MW): 1972-1994

1 fast-neutron reactor (FNR)□ Creys-Malville (1,240 MW): 1986-1997

NUGG PWR HWR

Chooz

Bugey

Creys Malville

Brennilis St Laurent

Chinon

FNR


Nuclear New Build



Existing Nuclear UK

89

International dismantling costs feedback

A level of provisions in line with the international benchmark

An OECD-NEA study published in late 2003 listed all costs, in USD (as of 1 July 2001) reported by various PWR operators worldwide, with the following results:

- Sweden: 93 USD / kW - Japan: 405 USD / kW

- Spain: 166 USD / kW - United States: 256 to 420 USD / kW

- Belgium: 212 USD / kW - Germany: 270 USD / kW

- France: 225 USD / kW (with USD 0.85 = 1 EUR) - Switzerland: 234 USD / kW

Excluding extreme values (Sweden and Japan), reported costs are within the same order of magnitude, with France 10 to 15% below average, which can be explained by the series effect that may be reasonably expected for the PWR fleet

EDF believes that the international benchmark published by the “Cour des Comptes(1)” in January 2012 strongly underestimates the correction on the management of spent fuels and for the cost difference between the type of plants (especially UK reactors, which are more costly to dismantle), thus inflating its estimate of the dismantling costs


Nuclear New Build



Existing Nuclear UK


90

Benchmarking vs. German plant operators

A direct comparison of nuclear provisions (dismantling and downstream cycle) in EDF’s accounts with German plant operators’ provisions is hindered by the important provisions aggregation reported by German plant operators

German plant operators’ higher level of dismantling provisions, when compared to their installed base,may be due to several factors :

The effect of discounting, as the French fleet is younger: a 10-year time lag lowers provisions by 25%

Differences in scope: in Germany, dismantling costs include the costs of building and operating an on-sitespent fuel storage building

The effect of greater volumes and standardization of processes and a lower dismantling cost for PWRreactors than for all the other types of reactors

Structural differences in organization and industrial choices (German reactors are of various typesand are run in a decentralized manner, in contrast to the integrated and standardized fleet in France)

EDF’s specific factors explain why its nuclear provisions are lower than

some other operators


Nuclear New Build



Existing Nuclear UK

91

BWR vs. PWR comparisonBoiling-water reactorBASIC DIAGRAMME

A boiling water reactor (BWR) has more areas contaminated by primary circuit water and larger areas generating

nuclear waste than a pressurized-water reactor (PWR)

EDF Pressurised-water reactorBASIC DIAGRAMME

Zone generating nuclear waste upon dismantling

AlternatorTurbine

Condensor


Nuclear New Build



Existing Nuclear UK

92

What is covered by long-term managementof radioactive waste?

Evacuation and storage of radioactive waste from the dismantling of nuclear facilities

Evacuation and storage of radioactive waste from the treatment of spent fuel in La Hague

Long-term warehousing and direct storage not recyclable on an industrial scale in existing facilities

EDF share of evaluation costs and costs of coverage, closure and supervision of storage centers:

Existing centers for very low-level, low-level and intermediate-level radioactive waste

Centers need to be created for long-lived low-, medium- and high-level radioactive waste (HL/IL-LL)


Nuclear New Build



Existing Nuclear UK

93

Cigéo, proposed facility for reversible deep-storage of radioactive nuclear waste in France The law dated 28 June 2006 on the sustainable management of radioactive waste and other substances lays down the

principle of a reversible storage facility located in a deep geological layer for the long-term management of final

radioactive waste (HL/IL-LL). ANDRA is in charge of designing, building and operating the future storage facility

EDF is responsible for managing the radioactive waste its nuclear plants create and works in close collaboration with

ANDRA in order to implement a storage solution that is safe and cost effective. This cooperation is spelled out in an

agreement signed between ANDRA, EDF, AREVA and the CEA in early 2012

The public debate on a storage facility in the French departments of Meuse and Haute-Marne (Cigéo) is taking place

over a period spanning from 15 May to 15 October 2013

□ Publication of the report and a summary of the public debate on 12 December 2013

Provisional timeframe:

□ 2015: ANDRA submits request for authorisation to build Cigéo

□ 2019: Construction of Cigéo facilities (excluding prep work) begins

□ 2025: ANDRA commissions Cigéo, subject to the authorisation of the French Nuclear Safety Authority (ASN)

An update on the full cost of the project is expected before the end of 2013


Nuclear New Build



Existing Nuclear UK

94

EDF main businesses

Generation

Nuclear


Key highlights

Hydropower

Other renewables


95

97

105

95

36 3534

2625 25 24

19

15 14 13 11 10 9 8 7 7 7

HydroRenewables

A leader in hydropower and other renewable energies Europe’s leading hydropower producer

In France, EDF operates 435 hydropower plants and manages the water reservoirs held by its 239 large dams. In Italy EDF owns 47 hydro plants

Architect and lead contractor on international hydro projects

As of 31 December 2012, EDF holds 40 % of Nam Theun 2 Power Company (NTPC), owner of the hydro plants complex of Nam Theun 2 (for a total of 1,070 MW)

Feasibility studies conducted in Brazil (5 facilities complex for a total capacity of about 10,682 MW)

A major player in the green energies market

EDF EN among the world top 10 leaders in wind and solar

EDF EN is expanding in Europe, North America and Africa

2012 was a record year for the commissioning of about 1,550 MW of new wind and solar capacity

Wind power and solar photovoltaic: supporting a growing industry

Wind offshore in France: in April 2012, three of the French government’s four wind power projects were awarded to the consortium headed by EDF EN in the first tenders for offshore wind power launched in 2011 (1,500 MW)

Generation Hydropower & renewables HydropowerKey highlights Other renewables

Renewable installed capacity in 2011 (GW)

Sources: Global data and mentioned companies annual reports

#5

96

EDF: major positions in renewable energies

(1) Including EDF EN small hydro

Note: These figures are consolidated

Sources: EDF, EDF EN

56 MW90 MW 303 MW 935 MW 301 MW

1,697 MW713 MW (1)

301 MW

137 MW(1)

113 MW

3 MW241 MW 156 MW

A diversified portfolio with about 27 GW of net installed capacity

20,410 MW

1,361 MW

6 MW

73 MW

5 MW1 MW

63 MW

MW HydroMW Other renewables


97

Hydropower in the EDF Group

(1) Including French Islands activities and excluding Rance tidal power plant

(2) The EDF EN figure does include the whole worldwide installed capacity


authorization to a general meeting of shareholders of SSE. Closing is expected during second semester of 2013 following receipt of antitrust clearance

Note: these figures are including minority financial participations

~1,358

~20,410

~73 ~3

~25

EDF Luminus

EDF SA(1)

Edison

SSE(3)

Estag

~2,804

Alpiq

Fenice

~81

EDF EN(2)

EDF 100% Companies

Nam

Theun 2

1,070

Vietnam

Thailande

Cambodge

Chine

Laos

Ventiane

~3

Installed capacity at the end of 2012 (non consolidated)


98

EDF's hydropower fleet in France

2012 net production (excluding Island Energy

Systems) = 34.5 TWh(1)

Benefits of hydropower

Speed, availability and flexibility

Renewable energy: annual savings

of 13 million ToE (tons of oil equivalent)

Water storage capacity (peak energy, cold source

for thermal and nuclear generation)

Able to provide system services to the network

(adjustment of frequency and voltage)

(1) Gross hydro production of 41.2 TWh, of which 6.7 TWh of pumped storage consumption


99

Different types of hydropower facilities

Run-of-river

No storage capacity

Energy generation depends solely on speed of water flow

Pondage water

Average size water reserve (daily or weekly)

Generation is concentrated at peak hours

Reservoirs

Large storage capacity

Influence on downstream plants, which calls for management of valley stations

Development of management strategy: trade-off between immediate gain and future gain to maximize the asset's value

Pumped storage (STEP)

Water is pumped from a downstream reservoir to an upstream reservoir to create a reserve during off-peak hours

Water is turbined from the upstream reservoir to the downstream reservoir during periodsof high demand

Grand-Maison, Revin, Montezic, Super Bissorte, La Coche, Le Cheylas

EDF disposes of a variety of hydropower facilities, able to meet baseload and peak demand, designed to optimize the use of water resources


100

EDF's hydropower fleet in France

8.8

4.3

3.1

3.6

0.2Reservoirs

Pumped storage

Run-of-river

Pondage

Installed capacity ~20 GW (1)

20% of the overall EDFgeneration capacity in France

15.8

1.18.8

17.1

0.5Reservoirs

Pumped storage

Run-of-river

Pondage

Theoretical maximum output: ~ 43.5 TWh

10% of the average EDF output in France

In GW InTWh

(1) Excluding Corsica and the French Overseas departments, 400 MW in 2012

Tidal Tidal


101

Potential hydropower generation depends on weather

0,0

1,0

2,0

3,0

4,0

5,0

6,0

7,0

1989-30,5 TWh

1994-53,2 TWh

2011-31,2 TWh

2012-39,1 TWh

In TWh

0.7

6.0

5.0

4.0

3.0

2.0

1.0

0.0

Maximum potential hydropower capacity: maximum quality of power that can be

produced from hydraulic sources (rain, snow, tides) over a given period of time

1989-30.5 TWh

1994-53.2 TWh

2011-31.2 TWh

2012-39.1 TWh


23 TWh gap between highest and lowest annual output potential over the past 23 years (1989-2012)

102

Investments in hydropower assets

2015 gains estimated > €90m


The “Renouveau” project for modernizing operations and maintenance

Gradual deployment across all units from 2012 to 2018

Features of the project:

Overseeing facilities and remote intervention via e-operations, modernizing the control-command systems

Substituting conditional and preventative maintenance to repair

Optimizing maintenance outages

Modernizing information systems by shifting to computer-aided maintenance

Simplifying management of small hydropower structures

Gains expected in:

Increasing output potential

Making temporary power available at peak times

Making additional system services available

103

Example of a hydropower replacement project: Romanche-Gavet (Isère department in France) Replacement of six hydropower plants by a single, underground facility

A €250m investment

93 MW capacity

Construction begun in 2011; plant set to come on line in 2017

155 GWh potential output gain

A 60-year concession


104

Renewal of hydropower concessions

On 22 April 2010, the Ministry of Ecology, Energy and Sustainable Development and Sea announced the

scope of the renewal of hydroelectric concessions

EDF currently holds the majority of the hydropower concessions in France

10 concessions, corresponding to a total power of 5,300MW and representing some 20% of the French

hydropower fleet (of which 4,300 MW held by EDF), are concerned

To put together these valley concessions, the French government decided that half of EDF concessions

(2,150 MW and about 3.5 TWh) are to be renewed early. Outgoing operators will receive compensation for the

lost income stemming from the early termination of the concession, in accordance with the terms of the

concession agreement

EDF is preparing to submit its best offer for each concession, combining improved energy efficiency, attention

to the environment (water resource, aquatic environment,…) , compensation of the government and local

authorities through fees and land development, while ensuring the safety and the social aspect of the

operation

In November 2012, a fact-finding parliamentary mission was created to study the award of hydropower

concessions. The Rapporteur of this mission is expected to release his findings during the first

semester 2013


105

EDF Energies Nouvelles: history in brief1990 1999 2000 2002 2004 2006 2008 2011

Creation of SIIF

Energies

First investment

in wind energy

EDF acquires a 35% interest in

SIIF Energies

Acquisition of EnXco in the United States

EDF raises its stake in SIIF Energies to 50%

SIIF Energies changes its name to

EDF Energies Nouvelles

IPO and €530M increase in capital to

finance expansion in wind energy

Creation of ENR, a joint venture with EDF in

distributed energies

€500M capital increase to finance the plan to

expand in solar energy

EDF acquires full ownership of EDF

Energies Nouvelles shares

2012

EDF EN and its local partners were the

successful bidders for three off-shore wind

power farms. Implementation in South Africa,

Morocco, Israel and Poland


106

EDF EN: Installed capacity and capacity under construction, by type

In MWGross Net

at 31/12/2011 at 31/12/2012 at 31/12/2011 at 31/12/2012

Wind 3,521.5 4,680.3 2,789.5 3,629.2

Solar 413.5 497.3 340.6 409.6

Hydro 84.2 84.2 77.1 81.4

Biogas 60.3 64.9 59.5 63.0

Biomass 26.0 26.0 18.2 18.2

Cogeneration 19.2 19.2 6.7 6.7

Total installed capacity 4,124.7 5,371.9 3,291.6 4,208.1

Wind under construction 1,490.1 1,113.4 892.2 577.8

Solar under construction 287.1 170.4 153.5 164.2

Other under construction 4.3 45.1 3.2 43.8

Total capacity under

construction1,781.5 1,328.9 1,048.9 785.8

Total 5,906.2 6,700.8 4,340.5 4,993.9


107

Tender in French off-shore windfarms: success of the consortium led by EDF EN on 3 sites out of 4 Best industrial program (40% of the score)

□ Over 7,000 direct and indirect jobs

□ Direct drive turbine of 6 MW Alstom

The most comprehensive technical and

environmental studies (20% of the score)

□ Extensive wind studies and extensive geotechnical

investigations

□ Long involvement with local stakeholders

Electricity tariffs corresponding to the Group’s

investment criteria (40% of the score)

Investment post-2015 and commercial operation

in 2017 at the earliest

Three out of four projects won by the consortium led by EDF EN (up to 1,500 MW)

Le Tréport(1) (Seine-Maritime)600 to 750 MW

Fécamp (Seine-Maritime)480 to 500 MW

Courseulles-sur-Mer (Calvados)420 to 500 MW

Saint-Brieuc(Côtes d’Armor)

480 to 500 MW

Saint-Nazaire(Loire-Atlantique)

420 to 750 MW

Dunkerque

Dieppe

Le HavreCherbourg

Saint-Nazaire

Brest

(1) Tender for Le Treport was declared unsuccessful


http://www.edf-energies-nouvelles.com/



108

Tender in Moroccan and South African wind: EDF EN selected as “preferred bidder”

Morocco: Taza’s project (150 MW) Competitive mix of Alstom 3 MW turbines

Support of the Alstom experienced and effective local structure

Very competitive investment and excellent wind conditions

Partnership with Mitsui

20-year PPA with ONE being finalized

South Africa: Chaba (20.6 MW), Waainek (23.3 MW) and Grassridge (59.8 MW) 3 MW Vestas turbines

Projects carried out via the local developer Innowing, EDF EN 80%-owned subsidiary

PPA guaranteed by South African’s State

Commissioning expected by 2015

Strict respect of the Group investment criteria


109

EDF main businesses

Generation

Nuclear



Overview

Focus on France

Focus on international


110

112

116

110

Fossil Fired Generation is likely to remain the numberone source of electricity generation in the world

Source: IEA 2010 report

Generation Focus on FranceOverview Focus on international

Coal

Gas

Hydro

Nuclear

Wind

Biomass

Other renewables

Oil

0 2,000 4,000 6,000 8,000 10,000

2008

2020

2035

In TWh


111

EDF is well positioned to meet new challengesof fossil-fired generation

Did you know?

Existing fleet

~ 38(1) GWInstalled worldwide

~ 23 GWmade up of fuel-fired

and coal plants

~ 15 GWmade up of gas-fired plants (incl. cogeneration)

(1) Net generation capacity

EDF experience in fossil-fired generation is reflected by existing assets and current investments in France and abroad

An important part of the energy mix for the Group (25% of the installed capacity) variable betweenthe countries (12% of installed capacity of EDF in France and c.80% in Italy)

Development of plants / IPPs in Asia (China, Vietnam), South America (Brazil) and Europe

Development of gas thermoelectric plants: construction of CCGTs (4 in France and 3 in the UK)

Towards a better environmental performance

Development of more efficient combined cycle gas plants (reducing by 50% the CO2 emissions by kWh produced, three times less of nitrogen oxide and very little sulfur and dust)

Engagement in the supercritical coal technology with better environmental performances (JV in China with Sanmenxia 2 supercritical power plant)

Research focusing on carbon capture, with a pilot unit in Le Havre (France)

Towards a better technical performance

Investment in a new generation combined cycle gas in Bouchain with GE Flex Efficiency turbine (efficiently raised by 61% and maximal power reached in 30 minutes)

Target of increasing responsiveness and flexibility of fossil-fired plants to compensate for the volatility of generation from renewable energies

Generation Focus on FranceOverview Focus on internationalThermoelectric plants

112

0

50

100

150

200

250

300

350

CO2

EDF Group CO2 specific emissions vs. Europe

(1) European carbon factor of the main electricity producers (source: PWC study – November 2012)

Europe (2011)(1)

EDF Group (2012)

EDF SA (2012)

g/kWh


113

EDF thermal plant fleet in mainland France

• Coal-fired plants

Seven 250 MW units

Four c.600 MW units

• Fuel oil-fired plants

Four c.600 MW units

Four c.700 MW units

• CCGTs

3 CCGT totaling 1,357 MW

510 MW of CCGT under construction (Bouchain in 2015)

• Combustion turbines

13 turbines totaling 1,862 MW

Le Havre Bouchain

La Maxe

Vitry / Seine

Vaires /Marne

Porcheville

Blénod

Aramon

Martigues

Dirinon

Brennilis

Cordemais Arrighi

Montereau

Gennevilliers

Paris

5

42 3 5

2 3 4

1 2

1 2 3 4

2 4 1

21

43

1 2 3

1 2

1 2

43

1 2

1 ~ 12.6 GW (excluding overseas and Corsica) divided as follows:


6

114

An industrial project for better environmental performance

12

0

2

4

6

8

10

1990 2000 2010 2016 2020

1200

1000

800

600

400

200

0

Atmospheric emissions from fossil-fired plants in France

(kg/MWh)

Dust

Nitrogen oxides

Sulfur oxides

CO2

(kg CO2 /MWh)


115

Commissioning of CCGT plant in Martigues Repowering of the first 465MW production unit of a Combined Cycle Gas (CCGT) plant on

31 August 2012

A second unit commissioned on 7 June 2013

Repowering: Reusing part of the existing (renovated) facilities:

steam turbine

pumping station

waste station

cooling circuit

Combining a combustion turbine and an exhaust-recovery boiler

Improving the site’s performance: Half the CO2 emissions

Four-fold reduction in nitrogen oxide emissions

Little dust, very little sulfur oxide

57% efficiency vs. 37% for old facilities

The site, with the two units, is the most powerful CCGT by repowering in France with 930 MW

Investment for the two Combined Cycle Gas: €500m

15% less expensive than building a new facility


116

International projects carried out by EDF

Realized or in progress projects

VietnamCCGT Phu My

(2005)

ChinaCoal

Laibin (2000)Shandong (Heze & Liaocheng) (2003-04)

partnership Sanmenxia (since 2009)

EgyptGAZ Suez & Port Saïd

(2003)

Ivory CoastTAC Azito

(1998)

Mexico CCGT Altamira 2CCGT Rio Bravo 2-3-4CCGT Saltillo(2001 to 2005)

BrasilCCGT Norte Fluminense (2004)

SpainIGCC Puertollano (99)

United Kingdom CCGT West Burton

(2012)

The NetherlandsCCGT Sloe (2010)

ItalyCCGT Tarente (96) & Piombino (2000)

LebanonBeddawi &

Zahrani (98)

Saoudi ArabiaSubsidiary creationEDF Saudi Arabia (2010)


117

EDF main businesses

Generation


Overview

Focus on transmission


118

121

118

Key expertise in networks

Electricity transmission France: via RTE, with 100,000 km of lines and more than 2,600 substations and 46 cross-border

interconnections

Engineering projects outside France led by EDF in Vietnam and Senegal

Electricity distribution France: via ERDF, Électricité de Strasbourg, EDF IES (in France), with ~1.3 million km of lines

Hungary and Slovakia(1): through Group subsidiaries which own high, medium and low voltage grids

Increasing use of delegated management partnerships (e.g agreement signed with the Russian power distributor MRSK and with the Chinese State Grid)

Evolving business model to take into account various new decentralized generation solutions and allow consumers to manage their consumption more closely

EDF main businesses Networks Overview Focus on transmission

(1) On 24 May 2013, EDF and EPH have signed a definitive agreement for the disposal of EDF's minority stake of 49% in Stredoslovenská Energetika a.s. (SSE). The contemplated

transaction will be submitted for authorization to a general meeting of shareholders of SSE. Closing is expected during second semester of 2013 following receipt of antitrust

clearance.

119

The network tariff in France: the TURPE

Multi-year predefined tariffs over 4 years (from 1 August 2009 until 31 July 2013 for the TURPE 3)

General principle is to cover costs and to give a return on capital invested: « cost + » type regulation

Rate of return is computed on Regulated Asset Base (RAB) at a nominal pre-tax rate equal to 7.25% (for Transmission & Distribution)

Incentive regulation on 4 items: manageable costs, network loss purchase, quality of supply (distribution) and quality of service

A regulatory account, the « Compte de Régulation des Charges et Produits » (income and expenditure adjustment account), measures and compensates ex-post, differences between actual outcomes and forecast on which the TURPE is determined by the CRE. « CRPC » in particular protects ERDF and RTE against volume risk

Evolutions between TURPE 2 and TURPE 3

Extension of CRCP scope and annual indexation

Incentive regulation (bonus/malus) on 4 items: manageable costs, quality of supply, quality of service and network loss purchase

Activités principales d'EDFEDF main businesses Networks Overview Focus on transmission

120

From TURPE 3 to TURPE 4: calendarDistribution

November 2012: cancellation by the French State Council (Conseil d’Etat) of TURPE 3 distribution

February 2013: CRE’s proposal for new TURPE 3 distribution to be implemented in June

June 2013: CRE’s consultation on TURPE 4 distribution

1st January 2014: expected implementation of TURPE 4 distribution

Transmission

1st August 2013: TURPE 4 transmission implementation

1st June 1st August 1st January 2014

Implementation of new

TURPE 3 distribution

Establishment of TURPE 4

transmissionEstablishment of TURPE 4

distribution


121

TURPE 4: Transmission regulation

Fixed assets (excl. Work in progress(1)

and WCR) =

Regulatory Asset Base (RAB)

€11.7bn at the end of 2012

Industrial

Depreciation

Operating

Expenses

Revenues from regulated

tariffs

Tariffs depending on the

time of day or season

Depreciation of

CRCP linked to TURPE 3

+ Capex

- dep.

Each year

Remuneration

of RAB

+

+

-

Regulatory rate of returnRAB beginning of the year remunerated at 7.25%

Work in progress remunerated at a rate of 4.6%

(1) Remunerated at a rate of 4.6% pa

Simplified incentive

scheme / TURPE 3


122

Average TURPE 3 over the 2009-2012 tariff period

(1) Remunerated at a rate of 4.8% pa

Regulated Asset Base (RAB)

€10.7bn (average 2009-2012)

€11.4bn at 01/01/2012

€11.2bn at 01/01/2011

€10.7bn at 01/01/2010

Fixed assets

(excluding work in progress(1))

Industrial depreciation

€0.6bn

Operating expenses

€3.0bn

Revenues from regulated

tariffs

€4.0bn

€3.8bn in 2009

€4.0bn in 2010

€3.9bn in 2011

Included in tariff

Depreciation of CRCP linked

to TURPE 2€0.2bn

Remuneration of R.A.B.

€0.8bn

+

+

-

Regulatory rate of return

7.25%Interconnections subject to tariff and paratariff declines

€0.2bn

-


123

TURPE yearly indexation

Yearly indexation TURPE 3 (HCPI-X+ K). Tariff is adjusted each year on the implementation date of TURPE 3 (after an initial increase of 2.0% on 1 August 2009)

Transmission: 2.5% increase on 1 August 2010, then 2.56% increase on 1 August 2011, then 2.79% on 1 August 2012

Yearly indexation on 1 August based on the formula: HCPI - X + K

HCPI = harmonized consumer price index of Year N-1

-X = 0.4% (cost factor: tariff-based costs evolve faster than inflation)

K = CRCP reconciliation term

Yearly indexation TURPE 4 (CPI+ K). Tariff is adjusted each year on the implementation date of TURPE 4 (after an initial increase of 2.4% expected on 1 August 2013)

Transmission: Yearly indexation on 1 August based on the formula: CPI + K

CPI = Consumer Price Index in France excluding tobacco of Year Y-1

K = CRCP reconciliation term


124

Regulation and asset base in France

2012 RAB WACC Indexing

Electricity

transmission

Net book value =

€11.7bn

7.25%nominal before taxes

2.4% on 1 August 2013

Inflation (CPI) + CRCP on 1 August

each following year 2014-2016


125

Transmission regulation – Change in RAB

(1) Excl. Work in progress (€1.1bn) remunerated at a rate of 4.8% and 1976 appraisal difference

Fixed assets(1)

1 Jan 2012

€11.8bn

Investment subsidies

1 Jan 2012

€0.48bn

Regulated asset base (RAB) (1)

1 Jan 2012

€11.3bn

CAPEX: €1.37bn

2012 depreciation/amort:

€0.62bn

Other €0.33bn

-

Delta = - €0.09bn

Delta = + €0.34bn

Fixed assets(1)

1 Jan 2013

€12.2bn

Investment subsidies

1 Jan 2013

€0.57bn

Regulated asset base (RAB) (1)

1 Jan 2013

€11.6bn

Delta = + €0.42bn

-

-

-

EDF main businesses Networks Overview Zoom transmission

126

EDF main businesses

Generation


Optimization - Trading - Supply

Optimization principles

Optimization and Trading at EDF in France

Supply in France


127

131

135

127

Optimization and Trading: leveraging the value chain

The main role of the optimizer is to ensure the balancing between sources and uses of energy in France

The objective is to secure and maximize the gross electricity margin of the “generation-supply” entity through the optimal use of upstream or downstream asset flexibility and by seeking the best purchasing and sales opportunities on wholesale markets:

Upstream resources: generation fleet, long-term electricity purchasing contracts, bilateral purchasing agreements, purchases on wholesale markets, purchase obligations from decentralized producers

Downstream commitments: long-term supply contracts, bilateral sales agreements,sales to end users, sales on wholesale markets

The supply-demand balance is forecast over different time horizons

To face the “volume” risk and the main critical situations, sufficient margins in terms of

capacity must always be available

EDF main businessesOptimization – Trading Supply

Optimization principles Optimization and Tradingat EDF in France Supply in France

Did you know?

EDF Trading is one of the most important energy traders in Europe and has strong positions in the US

Trading figuresfor 2012:

• 3,130 TWh of electricity

• 445 MBTU of gas

• 706 Mt of coal

• 381 Mt of CO2

The goal of the optimizer is to optimize costs and inventories, resorting to the wholesale market (through EDF Trading)

128

Optimization-trading within the Group: towards full integration

Completed

In progress

Scheduled by 2015

France United KingdomCentral and

Eastern EuropeBelgium

Power

Short-term assets optimisation

Flexibility on forward markets

Coal

Gas

CO2 / biomass

NA

NA

NA



129

Optimization - scheduling of generation facilities based on variable costs

Stack chart of generation facilities

Example of one high consumption day in winter

The optimizer schedules the operation of

generation facilities, ranking according to

their merit order, until the estimated

demand is met

Did you know?

The merit order is a way of ranking available

sources of energy, especially electrical

generation, in ascending order of their short-

run marginal costs of generation, so that

those with the lowest marginal costs are the

first ones to be brought online to meet

demand, and the plants with the highest

marginal costs are the last to be brought on

lineThermique à flamme (fioul, charbon et CCG)

Peak facilities

Base load facilities

Semi-base load facilities

« Must-run » generation

Combustion turbines

« Reservoir » hydro facilities

Thermal power (oil and coal)

Nuclear power

Hydro (« run-of-river » & pondage facilities)& Purchase obligations (wind, …)



130

Daily optimization: preliminary optimization by each producer Before the market, each producer determines the resources required to meet a given level of demand

It classifies its available generation facilities from the least expensive to the most expensive

It then determines the marginal cost of purchases/sales on the market to meet the supply-demand balance of its own portfolio:

Spot power price (day ahead) is based on

the generation cost of the last called plant

(marginal plant)

In that case, with a demand of 75 GW, the

price stands at €60/MWh. In this case, the

marginal plant is coal

Charbon

Cumulated power generation (MW)

Th

eo

reti

cal g

en

era

tio

n c

os

t (€

/MW

h) Cost / Volume curve France

Nuclear Gas

Hydropower

Coal



20,000 40,000 60,000 80,000

“Must run” purchases obligations

131

Maximising the consolidated gross margin Structural diagram:

The objective is to make the Producer, the Optimizer and the Supplier responsible for their own activities within an explicit mandate

There is a joint objective, to maximize the gross margin, driven primarily by the Optimizer

Producer Optimizer Supplier

Responsibilities

Ensuring the availability of generation facilities

Controlling maintenanceoperating costs

Responsibilities

Optimizing the Upstream/Downstream

balance

Maximising the consolidated gross

margin

Managing risks

Responsibilities

Maximizing supply margins

Guaranteeingmarket shares

Gross Electricity Margin Supply/Generation



132

Optimizer's interactions with the supplier and producer

The producer undertakes to provide the optimizer with:

Its best estimate of the availability of generation facilities

Complete transparency on its constraints and costs

The supplier undertakes to provide the optimizer with:

Its best estimate of the development of its customer portfolio and volumes consumed by its customers

Full transparency on products sold to its clients, including embedded optionalities with the associated risks

The optimizer undertakes to provide the producer and supplier with:

Economic signals so that each entity will manage their portfolios in order to maximize gross margin



133

The upstream/downstream balance is fairly volatile over different time periods

Thermo-sensitivity of consumption: temperature has a strong influence on demand in winter, one degree less equals to 2,300 MW of higher consumption in France

Variations in water levels major variation in generation potential year on year(typically c.15 TWh between a dry year and a rainy year)

Unplanned unavailability of generation facilities (nuclear power, fossil-fired power, ...)

Mandatory purchases from smaller producers (decentralized): strong fluctuation in contributionof renewable energies (up to~ 2,600 MW from one day to another on the French wind power generation)

Sales on the wholesale markets: optionalities at the hand of EDF counterparties



134

Use of the wholesale market The optimizer balances the difference by transacting on the wholesale market, when there

is a difference between the sum of the upstream and downstream positions

It is possible to transact different products over different time periods

Medium term: purchases or sales of annual products for the year Y+1/Y+2/Y+3

Short term: same principle with purchases/sales today for the next day (spot) or over the next fewhours of the day

Intermediate products (quarterly products over two to three coming quarters and weekly productsover two to three coming weeks) also exist

The optimizer can directly contact its potential counterparties or go through the organized markets

OTC (over the counter) bilateral agreements: direct trade with counterparty

Regulated exchanges: pooling of supply and demand by a market organizer and settlement of trades (Epexspot in France, Belpex in Belgium, etc.)

The optimizer for France has access to the market exclusively via EDF Trading



135

France: upstream/downstream electricity balance in 2012 (excluding French electrical islands business)

(1)VPP: capacity auctions, now ended, resulting from a commitment by EDF to the European Union in the context of EDF’s acquisition of EnBW shares, to encourage competition on the French market

405

3515 53625

Net market purchases

Purchase obligations

LT & structured purchases

Fossil-fired

Hydropower

Nuclear

Output/Purchases

-16

+3-3

+8

+3

+18

521 +13

∆ 2012vs. 2011

378

55

27

61NOME supply

Auctions (VPP)

Structured sales

End-customers

Sales

521 +13

∆ 2012vs. 2011

+7

+30

-11

-13

In TWh

(1)


Optimization principles Optimization and Tradingat EDF in France

Supply in France

136

EDF’s 2012 electricity business in France in 2012

(1) Including EDF self-consumption(2) Local Distribution Companies (LDC)

142.4

175.6

59.9

178.6

39.7

81.9

17.8

Residential customers

Business and professionals(1)

(at historic tariff)

LDC(2) transfer price

Green tariff

Yellow tariff

Blue tariff

2012 end-customer sales (in TWh)

2.1

Business and professionals(out of historic tariff)

o/w Eurodif (Export and Contract processing)



Supply in France

137

EDF’s downstream portfolio in 2012

(1) VPP: capacity auctions, now ended, resulting from a commitment by EDF to the European Union in the context of EDF’s acquisition of EnBW shares, to encourage competition on the French market

30.8

60.8

66.4

-7.3

55.2

-25.4

33 2.2

Wholesale markets and VPP sales

Structured sales

ARENH sales

118.2

ARENH sales

Structured sales

2011 2012

Wholesale markets

AuctionsVPP (1)

130.2

Downstream portfolio managed by optimisation business unit(via EDF Trading for the wholesale market interface)

In TWh

Wholesale markets and VPP sales

Wholesale markets



Supply in France

138

Tariffs in France The tariff structure includes a range of regulated electricity tariffs, depending on the type of consumers: blue for residential and small professionals, yellow

and green for companies

The evolution of tariffs is determined by the Economy and Energy ministers, after consultation with the CRE (Commission for the Regulation of Electricity)

The tariff is called “integrated” as it covers all the following elements:

The supply portion (approx. 60% excl. taxes for residential customers), which can be split into the “energy” portion (« baseload » + « shape factor»), based on generation costs, and into “commercial” costs (client management and marketing)

The network portion (approx. 40% excl. taxes for residential customers), including the cost of using the public transmission network operated by RTE and the public distribution network mainly operated by ERDF (95% of volume is distributed by ERDF). The network cost portion is based on the tariff for use of the public electricity transmission and distribution networks (TURPE)

Since 1 July 2007, all customers in France can freely choose their electricity supplier

51.0

35.0

13.55.0Taxes (5%)

CSPE (13%)

TURPE (33%)

Generation and supply costs (49%)

€104.5/MWh

47.0

18.013.0

2.0

€80.0/MWh

53.0

44.0

13.5

33.0Taxes (22%)

CSPE (9%)

TURPE (31%)


€143.5/MWh

Taxes (3%)

CSPE (16%)

TURPE (22%)


Average bill breakdown excluding VAT

Yellow tariff (1 January 2013)Average bill breakdown excluding VAT

Green tariff (1 January 2013)

Average bill breakdown including VAT

Blue residential tariff (1 January 2013)



Supply in France

139

Change in tariffs and inflation in France in 2012

2007 2008 2009 2010 2011 2012

Inflation (June N / June N-1) 1.1% 3.6% -0.7% 1.6% 2.1% 2.0%

Average tariffs 1.2% 3.6% 2.7% 3.8% 2.2% 2.0%

o/w:

Blue tariff 1.1% 2.0% 1.9% 3.2% 1.7% 2.0%

Yellow tariff 1.5% 6.0% 4.0% 4.5% 3.2% 2.0%

Green tariff 1.5% 8.0% 5.0% 5.5% 3.2% 2.0%

LDC(1) transfer tariffs 0.0% 8.0% 5.6% 10.0% 1.3% 2.3%

Source: Insee

(1) Local Distribution Companies (LDC)

(2) The CRE delivered an unfavorable opinion on the 2% tariff increase applied on all three tariffs (blue, yellow and green) in summer 2012, the increase not being high enough to cover

the costs as requested by law

(2)



Supply in France

140

ARENH volumes allocated to competitors under the NOME law

30.8 30.2 30.6 32.9

ARENH 2012(€42/MWh)

Maximum total volume of EDF’s sales to competing suppliers (excepting network losses): 100 TWh(2)

Volumes allocated equivalent to 85% of delivery in 2012

Option for the volumes for the second semester of 2013: 33.5 TWh

□ Can be amended by competitors until 15 May 2013, under certain conditions. Otherwise, cancellation

and replacement of initial H2 volumes by extending the yearly sales to H1 2014

2012 volumes supplied by EDF to competitors: 60.8 TWh

(1) November 2012 notification(2) Determined by law

In TWh



ARENH 2013

H2 2012 volumes supplied



H1 2013 volumes supplied(1)

• The CRE determines the ARENH ex-

ante rights of each provider based

upon provider forecasts according to

their customer portfolio and to

established allocation methods

• At the end of each year, the CRE

settles the ARENH rights of each

supplier based on actual customer

consumption

• An additional price component is

then billed to every supplier whose

actual rights are below those

allocated based on their forecast

Did you know?



Supply in France

141

EDF main businessesGeneration


Optimization - Trading - Supply

Gas

European gas sector

EDF strategy

Key highlights on EDF gas business


142

143

144

142

The growing importance of gas Uncertainty on the demand side: role of gas in decarbonization of European economies

Gas-fired plants do emit two times less CO2 than coal-fired plants

Gas consumption is currently moderated by the economic difficulties, especially in Europe where consumption decreased in 2012

Long-term trend will therefore depend primarily on economic parameters and implementation of European energy policies (renewable energy, greenhouse gas emissions, energy efficiency…), and should be moderate until 2035 notably due to higher needs for electricity output

But given current depletion of European reserves, Europe will rely increasingly on imports in the future

Uncertainty on the supply side: growth in unconventional gas in Europe ? Indigenous gas production of European countries (UK, Netherlands) will continue to decline

Shale gas in the US has been a game changer for the demand-supply balance triggering a drastic reduction in LNG imports and the emergence of LNG export projects

Europe has more limited shale gas reserves, which are also likely to be more difficult to extract and expensive to produce. Initial exploration results in Poland have been disappointing. Other European countries (France, Bulgaria) decided to implement a moratorium on the application of hydraulic fracturing

Europe will indeed have to fulfill its supply needs by increasing its imports, which will be in competition with growing consumption of emerging markets. Furthermore, the access to reliable gas sourcing emphasizes the importance to develop new pipeline and LNG regasification infrastructures

Gas European gas sector EDF strategy Key highlights on EDF gas businessEDF main businesses

Did you know?

Rule-of-thumb: gas-fired plants emit

approx. 2 times less

CO2 than coal-fired

plants

Importance for energy companies to have access to gas infrastructures

143

EDF’s gas strategy along the gas value chain

Exploration /

ProductionStorage

Transport /

DistributionTrading Supply1 2 3 4 5

Sign partnerships with oil and gas companies built mainly on Edison’s expertise

Control the cost of flexibility

Examples:

Hill Top Farm storage expansion (in the UK)

Italian storage expansion and projects (San Potito Cotignola, Palazzo Moroni)

Etzel storage (in Germany)

Develop importation infrastructures (LNG and pipelines) to have direct access to gas sources avoiding dependency, and anticipate future needs

Examples:

South Stream project

Dunkirk LNG

Looking for arbitrage. Help subsidiaries to optimize their supply strategies

Dual offer (electricity and gas) to our domestic customers

In 2012, 246 TWh of gas sold to end-users

Offer a dual offer electricity / gas to final customers

Supply EDF’s gas-fired power plants

Benefit from arbitrage opportunities


144

Natural gas end-market

2012 Group sales to end customers: ~246 TWh(1)

France: in 2012, EDF marketed 20.9 TWh, giving a market share of 4.3% on over 880,000 sites. At the end of 2012,

EDF supplied gas to about 780,000 residential customers

In 2012, EDF’s gas sales business in France was strengthened through the acquisition of Enerest, the main distributor

of natural gas in Strasbourg and the Bas-Rhin region, purchased in April 2012 by Électricité de Strasbourg, a wholly

owned subsidiary of EDF. Enerest totaled more than 100,000 customers and supplied 5.2TWh of gas

Italy: 584,000 sites and ~178 TWh, or 21% market share

United Kingdom: ~2 millions customers and 31.1 TWh

Belgium: ~558,000 customers and 17.2 TWh, or around 20% market share

(1) Sales of the EDF companies, EDF Energy, Edison, EDF Luminus, Estag (Austria) at 100%, i.e., not corrected for interest percentage (including non-controlling

interests). The gas business of EDF Trading is not taken into account in this figure.


145

Dunkirk terminal Foundation stone laid on 5 October 2012

The Dunkirk methane terminal, in operation at end-2015,

will be made up of the following facilities:

A dock for around 120 methane tankers a year

A liquefied natural gas (LNG) unloading system

Three LNG storage tanks holding 190,000 cm3 each

A regasification unit (from -160°C to 0°C)

A tunnel feeding cooling water from the Gravelines nuclear plant

will be used to reheat the LNG

A pipeline to the gas transport network in France and Belgium

Three project managers will be involved in the project:

Dunkirk Port Authority (“Grand Port Maritime de Dunkerque”) in charge of the port infrastructure consisting of a dock, unloading platform

and a platform for the industrial infrastructure covering around 50 hectares partly reclaimed from the sea

EDF, via Dunkerque LNG (65% EDF, 25% Fluxys, 10% Total), in charge of the industrial infrastructure for unloading, storage

and regasification of LNG (totalling €1bn2010)

GRTgaz and Fluxys Belgium in charge of the connection to the gas transport network

Overall terminal capacity will be 13 bcm / year, representing 20% of France LNG import capacities.

EDF will be one of the main users of this terminal


FACTS& FIGURES

2012EDF Group corporate responsibility approach and process

147

EDF Group corporate responsibility approach and process

A strong undertaking for the Group

Group strategy implementation

Monitoring and certifications

Extra-financial rating: a constant source of improvement for the Group


Commitments associated with a strong monitoring

148

149

150

156

157

148

A strong undertaking

Extra financial rating

A strong undertaking for the Group

Commitments associated with objectives developed from works carried out with all Group’s divisions and subsidiaries

Approval by EDF Executive Committee

Project submitted in Ethics Committee of EDF Board of Directors

Method presented and discussed with the EDF Group SD Panel(1) bringing together qualified personalities and experts from the civil society

Presentation during EDF Shareholder’s Annual Meeting on 30 May 2013

Corporate Responsibility

Strategy implementation

Monitoring and certificationCommitments

(1) Sustainable Development panel: it provides advice and a critical assessment of the Group’s commitments to sustainable development and their implementation.

149

Group strategy implementation

Strengthening Group’s competitive advantage

Developing industrial opportunities

A common core of Group’s policies (Sustainable Development, human resources, purchasing ...)

A managerial mobilisation factor and a shared culture within an international Group






150

Three dimensions

Commitments covering the sustainable development key issues of the Group

Responsible

employer

Responsible

partner

Responsible

industrial firm






151

2,705N.C.

21,456

6053,231

353

21,417

314

4,345

428

21,933

266

Eolien Solaire Hydraulique Autre ENR

2010

2011

2012

A responsible industrial firmMaintain the highest levels of security at EDF facilities

Meet the international FTSE4Good(1) criteria for nuclear safety

2012 result

March: inclusion into FTSE4Good index

Invest in renewable energies and increase their competitiveness

Publication of change in capacity (in MWe) from renewable energies at constant scope

Remain the leading main energy provider in terms of the development of low-carbon energies

Upholding of direct CO2 emissions (g/kWh) within the 150 g/kWh limit(3)

Significantly contribute to improving energy efficiency within householdsPublication of change in number of households supported by Group companies in

terms of energy efficiency(4)

(2) Including Biomass

(1) Recognized worldwide, the FTSE4Good Index Series was created by FTSE and aims to promote

investments in companies that respect ambitious sustainable development objectives

(2)

248,900

1,500

168,000

303,300

1,800

212,000

EDF SA (hors SEI) Electricité de Strasbourg EDF Energy

2011

2012

(4) Subsidiaries included in the consolidated scope and selling energy to residential customers

(3) The European carbon factor of the main electricity producers was 338 g CO2/kWh in 2011

(Study by PricewaterhouseCoopers in November 2012)

EDF

108.999.6

117.0

2010 2011 2012

Wind Solar Hydro Other

renewables(2)






152

A responsible employerSignificantly reduce the number of accidents among employees and our subcontractors

Dividing by 2 in 5 years accident frequency experienced by Group employees resulting in sick leave

Maintain performance and professional excellence of the teams through training and supporting diversity

Over 75% of Group employees receive, each year, at least one training

30% feminisation rate in the management pool by 2015

2012 result: 24.1%

76%

82%

2011 2012

No tolerance for breach of human rights, fraud and corruption, for all Group companies and their suppliers

(1) Excluding energy contracts on the spot market

13 companies awarded the United Nations « Global Compact Advanced » Level13 companies that have included in 2015 an ethics/SD clause in their long-

term purchasing contracts(1)

2012 result

1 company was awarded the United Nations Global Compact

Advanced Level since 2011: EDF

3 Group companies have signed the Global Compact (EDF,

ERDF, Edison)

2012 result: 3 companies (EDF, EDF Energy, EDF Luminus)

Target:






3.9 3.8

1.9

2011 2012 2017

153

A responsible partnerPromote transparency and dialogue on sensitive issues

8 companies having set up a formal space for dialogue with stakeholders by 2015

Actively fight energy poverty and promote access to electricity

Publication of the number of actions to support our customers in need carried out by Group companies that supply energy

Contribute to regional development through employment

Publication of the number of direct jobs (Group headcount) and indirect jobs (resulting from purchasing orders with suppliers and service providers) generated by EDF business activities

Preserve water resources in all our activities

Publication, starting in 2015, of the water footprint at Group level

Publication, starting in 2015, of the water footprint at Group level

2012 result: 3 companies

EDF: Sustainable Development Committee France

EDF Energy: Stakeholder Advisory Panel

Edison: Social Committee

Since 2005, EDF has set up a panel of stakeholders at Group

level: the Sustainable Development Panel

159,740

134,500

Emplois directs (1) emplois indirects (2)(1) Consolidated scope

(2) EDF + ERDF

516,900

132,000

9,000 2,000

625,000

190,000

9,000 2,000

EDF SA EDF Energy EDF Luminus DEMASZ

2011

2012

In 2012

EDF

Direct jobs(1) Indirect jobs(2)






154

Water footprint: an example of Group’s medium-term commitment

Water supply, a worldwide challenge, a strong interdependence between power generation and the other water users at local level, a multiple footprint

Hydro generation

Cooling water for thermal generating facilities (classic and nuclear) and water needs for industrial uses

Water users & stakeholders (minimum flow requirement - regulatory requirement-, fish-ways or fish ladders, irrigation, drinking water, river traffic, levels required for tourism, fishing and leisure, …)

Water risk management within the EDF Group: today EDF manages 75% of stored surface water in France

Water policy, with the creation of a Water Coordinator (management of the water resource at national level and for the all EDF generation fleet) and a Water strategic committee, along with administrative authorities

EDF Group’s ISO 14001 certification: each management level conducts analyses of environmental impacts, including on water

Group's commitment at national and international levelEDF contributes to research and action programs on water, liaising with the Water Agencies and Water Basin Authorities, at the Mediterranean Water Institute

Implementation of research programs on hydro dams behavior in tropical areas

Participation in the WBCSD particularly in the topic of implementation of a water risk assessment tool for energy operators

Participation in the World Energy Council (Water for Energy) and in the World Water Council (EDF commitments taken at the 6th World Water Forum)






155

Water footprint: an example of Group’s medium-term commitment

EDF’s three commitments to the 6th World Water Forum

1. Invest in all the necessary resources to develop methods and tools to evaluate the water footprint of electricity production activities

2. Manage the water footprint of electricity production activities

3. Create value locally and take into account the objective of the water footprint minimisation, from the design phase of power plants






156

Strong monitoring accompanied by Statutory Auditors’ verification

EDF publishes all of its environmental and social indicators on the day of its annual results publication

Since 2005, The Group has begun a voluntary process to have the quality of these non-financial indicators verified by Statutory Auditors

Indicators selected according to their relevance to the challenges facing the Group and its major issues

A significant proportion of published indicators is verified by the Statutory Auditors

42% of the environmental indicators

69% of the Group’s social indicators

Mix assurance without reservation(1): reasonable or moderate depending on indicators

Only 23% of the companies of the CAC 40 and the SBF 120 have this level of verification

An important covering rate of the Statutory auditors’ work important among the highest of the CAC 40 and SBF 120

Covering work 2012

Reasonable assuranceCO2 50%

Workforce 63%

Moderate assuranceEnvironment 42%

Social 53%

(1) 30% of the companies of the CAC 40 under mix assurance have been submitted at one or several reservations







157

Extra-financial rating: EDF Group’s integration inside the FTSE4Good index in 2012

Extra-financial rating: a constant source of improvement for the Group

acknowledgement and promotion of the quality of the work and the high level of industrial management of the Group

the opportunity to improve the Group's actions thanks to external assessment

EDF joins the FTSE4Good Index

Index FTSE4Good integration in March 2012 and

permanence in 2013:

The EDF Group is now one of five nuclear operators

globally meeting the stringent criteria developed and

overseen by the FTSE4Good Policy Committee

EDF is listed in the ASPI Eurozone® index since 2005 and is part

of 2 of the 3 new indices created by Vigeo in 2012

9th of the Electricity & Gas Utilities sector in 2012

2011 2012

Transparency 62 87

Performance D B

EDF has improved its rating versus 2011 on both

transparency and performance

2011 2012

EDF result 59% 66%

Electricity sector average 58% 61%






FACTS& FIGURES

2012Financials

159

Financials

Historical financials

Since 2010, streamlining of the Group

Focus on Edison

Debt profile of the EDF Group

Focus on nuclear provisions

CSPE

The EDF Group EDF main businessesEDF strategy Financials Market data AppendicesCorporate responsability

160

166

180

188

195

172

160

Net income excluding non-recurring items

Historical financials (1/3)

(1) EBITDA adjusted, excluding EnBW, the British networks and the Eggborough plant in the UK,

and including RTE under the equity method

NB: the data presented are pro forma data from one year to another but are not retreated

consistently throughout all years

2007 2008 2009 2010 2011 2012

66% 63% 59% 61% 62% 62%

34% 37% 41% 39% 38% 38%

14,93914,156

International & Other activities

France

EBITDA evolution from 2007

In millions of euros

Historical financials Streamlining of the Group Debt profile of the Group Focus on nuclear provisions CSPEFinancials

16,084

Sale of EnBWand UK NetworksDeconsolidation of RTE2

010 Buy-out of

EDF EN2011

4,6774,392

3,5583,105

3,6074,216

2007 2008 2009 2010 2011 2012

Buy-out ofBritish Energy2

009 Buy-out of

Edison2012

15,92914,24015,210

(1)(1)


161

2007 2008 2009 2010 2011 2012

16,269

24,476

42,496

34,389

33,285

39,175

Net debt and net debt / EBITDA from 2007



(1) Pro forma gross Capex

(2) EBITDA Adjusted, excluding EnBW, the British distribution networks and the Eggborough plant in the UK, and including RTE under the equity method

(3) Pro-forma after allocation of the CSPE deficit to dedicated assets on 13 February 2013 and subtraction of €2.4bn from dedicated assets portfolio, enabling 100% coverage of EDF


(3)2007 2008 2009 2010 2011 2012

61% 53% 61% 65% 66% 62%

39% 47% 39% 35% 34% 38%

10,2749,7037,490

International & Other activities

France

CAPEX(1) evolution from 2007


11,777 11,134 13,386

(2)

(adjusted)

(2)

1.1

1.7

2.52.2 2.2

2.4


162


45% 50%54% 54%

56%50% 54% 54% 54% 60% 55%

1.28 1.281.15 1.15 1.15

0.57

0.68

In € per share

Final dividend

Interim dividend

2008 2009 2010 2011 20122007

Dividend payout ratio Dividend per share

2008 2009 2010 2011 20122007


163

2012 simplified income statements

(1) Data restated for the impact of the IAS 19 option (SoRIE method)

(2) Excluding non-recurring items & IAS 39 volatility

In millions of euros 2011(1) 2012

Sales 65,307 72,729

Fuel and energy purchases (30,195) (37,098)

Other external expenses (9,931) (10,087)

Personnel expenses (10,802) (11,624)

Taxes other than income taxes (3,101) (3,287)

Other operating income and expenses 3,661 5,451

EBITDA 14,939 16,084

Net changes in fair value on Energy & Commodity derivatives, excluding trading activities (116) (69)

Net depreciation and amortization & increases in provisions for renewal (6,506) (7,013)

(Impairment) / reversals 135 (757)

EBIT 8,452 8,245

Financial result (3,780) (3,362)

Income before taxes of consolidated companies 4,672 4,883

Group Net income 3,148 3,316

EDF current Net income(2) 3,607 4,216


164

In millions of euros 31/12/2011(1) 31/12/2012

Fixed assets 128,318 140,279

o/w Goodwill 11,648 10,412

Inventories and trade receivables 34,489 36,710

Other assets 52,287 55,328

Cash and equivalents and other

liquid assets(2) 16,184 17,560

Assets held for sale(excluding cash and liquid assets)

684 241

Total Assets 231,962 250,118

In millions of euros 31/12/2011(1) 31/12/2012

Shareholders’ equity (Group Share) 28,483 25,858

Net income attributableto non-controlling interests 4,189 4,854

Specific concession liabilities 41,769 42,551

Provisions 58,018 65,582

Financial liabilities(3) 49,469 59,135

Other liabilities 49,897 52,089

Liabilities linked to assets held for sale (excluding financial liabilities)

137 49

Total Liabilities 231,962 250,118

EDF Group simplified balance sheets


(2) Including companies held for sale and loan to RTE and companies in joint-venture

(3) Including hedging instruments and financial liabilities related to companies held for sale


165

In millions of euros 2011(1) 2012 ∆%

EBITDA 14,939 16,084 7.7%

Non-cash items and change in

accrued trading income(2,040) (715)

Net financial expenses disbursed (1,623) (1,634)

Income tax paid (1,331) (1,586)

Other items o/w

dividends received from associates336 165

Operating cash flow 10,281 12,314 19.8%

∆ WCR(3) (1,014) (2,304)

o/w CSPE (1,009) (1,426)

Net investments(4) (10,564) (11,808)

Cash Flow (1,297) (1,798) n/a

Change in cash flow

4.6%(2)


(2) Organic growth at constant scope and exchange rates

(3) Excluding EDF EN subsidies receivables

(4) Net investment excluding Linky and strategic operations


166

Substantial transformation of the Group over last three years

Germany

Joint control of EnBW with 46.07%

Control of Edison: 97.4% of share capital at 31/12/2012

Initial situation

Renouvelable

50% dans EDF Energies Nouvelles

Etats-Unis Co-contrôle dans le nouveau nucléaire

avec Constellation (50%/50%)

49,99% dans CENG

Disposal of EDF’s stake in EnBW

Debt reduction: -€7.3bn

OPAES(1): 100% control of EDF Energies Nouvelles

Successful industrial integration: success of the tender in

French off-shore wind farms, on 3 sites out of 4

Limited impact on Group net financial debt/EBITDA: 0.1x

100% control of Unistar, sale of Exelon shares

Risk reduction: put option terminated

Preservation of Group’s interest in CENG

Current situation

Renewable energies

50% in EDF Energies Nouvelles

United States Joint control of Nuclear New Build

with Constellation: 50% / 50%

49.99% in CENG

Italy

Joint control of Edison with 48.96%

(1) OPAES: simplified public offer in cash or shares


167

Net investments(1) up 12%

(1) Net investment excluding Linky and strategic operations


International& Other activities

Unregulated France

Regulated France(o/w regulated French

islands activities)29%

40%

31%

31%

41%

28%

70%

30%

11,808 11,808

10,564 +280

+876 +88

United Kingdom France

Other

20122011 2012

Group-

Unregulated

Group-

Regulated


168

Group synergies and transformation program Gains achieved in 2011 and 2012 secure 63% of a total target of roughly €2.5bn

Around €705 million in gains made in 2011

Around €878 million in gains in 2012 divided as follows:

Breakdown by Group business

Generation

Supply & Optimization

Distribution

Support functions

17%40%

15%

28%

Breakdown by category

€878m

Operating

Excellence(1)

Purchase-like

gains(1)

(Opex & Capex)

€878m42%

48%

(1) Gains coming from Operational Excellence and Synergies recorded in « Purchase Gains »

Synergies(1)

10%


169

2013 financial objectives

(1) Organic growth at constant scope and exchange rates

(2) Net investments excluding Linky and strategic operations

EBITDA growth excluding Edison(1) 0% – 3%

Net financial debt / EBITDA 2x – 2.5x

Payout ratio of net income excluding non-recurring items 55% – 65%

Launch of Spark: €1bn savings plan

2013 operational objectives Net investments(2) €12bn

Nuclear output in France 410 – 415 TWh


170

Launch of “Spark”: €1bn in savings as early as 2013

A savings plan on top of prior initiatives launched under the Group’s Synergies and Transformation plan

A shared goal: continuously striving to improve Group performance

Spark 2013: -5% on all Group purchases

Opex and Capex

Joint initiatives on prices, specifications and volumes

Savings plan of €1bn starting in 2013


171

Edison: results highly dependent on timetable for renegotiating gas contracts

(1) Edison fully-consolidated

(2) Before consolidation restatements to EDF Group consolidation level

(3) Including the positive outcome of the arbitration process with Sonatrach on 24/04/2013

1.1

2012(2) 2013 2014

At least €1.7bn

EBITDA(1)

Impact of gas contract renegotiations

0.6

0.5(3)

In billions of euros


172

On 24 May 2012, EDF took exclusive control of Edison Spa for €784m(1)

Acquisition of 50% of TdE (0.89 euro par share)

Ownership of 80.64% of Edison ordinary shares

July 2012: mandatory tender offer on the remaining ordinary shares (i.e. 19.3%) at €0.89/share

Possibility to convert saving shares into ordinary shares

Since 6 September 2012, following the mandatory tender offer, EDF has held 99.48% of Edison’s ordinary shares

As a result of the mandatory tender offer, the Italian stock exchange decided to delist Edison’s ordinary shares with effect from 11 September 2012

Edison takeover

As of 31/12/2012, EDF held 97.4% of Edison share capital and 99.48% of Edison ordinary shares

(1) At the same time, Delmi acquired Edison’s 50% stake in Edipower for €684 million

Historical financials Streamlining of the Group Debt profile of the Group Focus on nuclear provisions

CSPEFinancials Focus on Edison

173

2009 2010 2011 2012

488338 292

630

1,086

1,130

704

583

(88) (103) (99) (106)

Hydrocarbons

Electricity

Corporate

Edison: historical EBITDA

(1) Edipower consolidated line by line

(2) Edipower recorded among discontinued operations

1,471(1)

1,369(1)

1,103(2)

890(2)




174

Edison: key figures of the electricity segmentCapacity evolution (GW)

(1) Calculated as Edison net generation of electric power in Italy over total Italian net generation (284.8 TWh)

9.3

5.8

1.7

1.4

0.5

0.5 Renewables

Hydro

Thermoelectric

2012 key figures

Market share (in terms of production(1)) 7.9 %

Total installed capacity (including 0.4GW in Greece) 7.7 GW

Net power generation in Italy

(excluding Edipower)22.5 TWh

o/w Thermoelectric 17.7 TWh

o/w Hydro 3.9 TWh

o/w Renewables 0.9 TWh

Net power generation abroad 1.9 TWh

Sites served 870,000

3rd Italian electricity operator

In 2012, Edison electricity generation in Italy represented about 8% of the total national generation

Following the sale of Edipower, 2012 Edison installed capacity decreased by 3.8 GW, from 11.5 to 7.7 GW. In 2012, the Group produced 24.4 TWh of electricity

2011 2012

11.5

7.7



175

Edison: focus on renewables

(1)Edison S.p.A. and Edison Energie Speciali (100%-owned by Edison S.p.A.), excluding hydro plants

(2) As of 31/03/2013 including the acquisition of GDF wind plants

Source: companies websites

Edison is the 3rd Italian operator in the wind sector with 471 MW of installed capacity in 2012

Key figures of

Edison Group(1)

renewable sectorAs of 31/12/2012

~ 490 MW

of installed capacity

0.9 TWh of renewable

production

~ 16% of Edison electricity EBITDA is

represented by renewables

Wind installed capacity in 2012 (MW) and main

competitors in Italy

Italian wind capacity as of 31/12/2012 = ~8,000 MW

Lazio

Photovoltaic

• 2 MW

Campania

Wind

• 98 MW

Basilicata

Wind

• 12 MW

Sicily

Wind

• 30 MW

Calabria

Wind

• 76 MW

Photovoltaic

• 3 MW

Puglia

Wind

• 84 MW

Piemonte

Photovoltaic

• 4 MW

Lombardia

Photovoltaic

• 2 MW

Emilia Romagna

Wind

• 3 MW

Toscana

Wind

• 2 MW

Abruzzo

Wind

• 116 MW

Summary

Wind

• 471 MW

Photovoltaic

• 13 MW

Biomass

• 5 MW

Molise

Wind

• 50 MW

Photovoltaic

• 1 MW

Edison(1) Group net installed capacity

Veneto

Biomass

• 5 MW

Photovoltaic

• 1 MW

1,062

716

471

386

343

328

292

13%

9%

6%

5%

4%

3%

4%

(2)

Market share



176

Edison: hydroelectric concession renewal

Law No. 134/2012 regulates the timing and criteria for hydroelectric concessions renewal:

Award for consideration of the concession for a period ranging between 20 and 30 years, based on the size

of the investments deemed necessary

Public call for tender 5 years before the expiry of the concession. For concessions that have already expired and

those expiring on or before 31 December 2017, the new concession will begin starting on 1 January 2016 and,

under any circumstances, no later than 31 December 2017

The outgoing concession holder shall receive a consideration for the transfer of the business operations

The Ministry of Economic Development (MSE) is working on the implementation decree on tendering criteria and

procedures for the renewal of concessions

Edison is currently participating to the consultation process with MSE and getting ready to participate to the tender

process

A significant amount of concessions, in terms of MW, will expire in 2015 and 2017



177

Oil and gas reserves – 50.0 bcm eq.(1)

(1) P1 + 50% P2

(2) Calculated as Edison’s gas sales in Italy over total Italian demand (74.2 bcm)

2012 key figures

Market share(2) 21.3%

Total number of concessions (o/w 58 in Italy) 95

Number of storage concessions in Italy 3

Gas production in Italy 0.6 bcm

Gas production abroad 1.9 bcm

Oil production in Italy 1,809 Kbbl

Oil production abroad 1,737 Kbbl

Sites served 584,000

2nd Italian gas operator

Reserves at 31/12/2012 (50.0 bcm)

Exploration permits and concessions

0.5 0.60.4 0.3

1.9

0.20.3

Oil production abroad Gas production abroad

Oil production in Italy Gas production in Italy

+10%

Following Edison’s takeover, EDF Group benefits from Edison’s

competences in the hydrocarbon sector. Over the years, Edison

has developed across the value chain from E&P to the

end-customers supply

Development of own production (bcm eq.)

Edison: key figures of the hydrocarbon segment

o/w 1.8 from Abu Qir

2011 2012

2.83.1

1.7



178

Edison: hydrocarbon activities E&P

Strong position, mainly as an operator, in Italy, Egypt and Norway

Hydrocarbon reserves at the end of 2012: ~50 bcm

Hydrocarbon production in 2012: 3.1 bcm

E&P engineering track record with operator experience in expansion zones

Significant growth potential through exploration in core zones and to a lesser extent in new zones

GAS STORAGE

3 gas storage sites

Cellino: 0.12 bcm of working gas

Collalto: 0.8 bcm of working gas

San Potito-Cotignola: 0.89 bcm of working gas

TERMINAL LNG

1 LNG terminal: Edison owns a 7.3% share in Adriatic LNG Terminal, which operates the Rovigo offshore regasification terminal (8 bcm/year). Edison owns 80%, i.e. 6.4 bcm/year, of the terminal’s capacity, fueled with Qatari gas. The other shareholders are ExxonMobil Italiana Gas (70.7%) and Qatar Terminal Company Limited (22%)



179

Edison: gas contractsGas contracts prices revision (Qatar, Libya, Russia and Algeria)

Total volume of long term gas contracts 14.4 bcm/year (annual contracted quantities)

Russian contract renegotiated in 2011

Qatar and Libya contracts renegotiated in 2012 (+€680m on EBITDA 2012)

Positive arbitration on Sonatrach Algerian gas contract completed on 24 April 2013

A new round of prices revision started in end-2012 to restore the profitability of these

contracts affected by lower gas prices

Renegotiations status

ContractVolume

(bcm/year)Expiration Renegotiations / arbitrations

EBITDA impact

in €m

For prior years

in €m

Qatar 6.4 2034 2012680 347

Libya 4.0 2026 2012

Russia 2.0 2019 2011 200 62

Algeria 2.0 2019Arbitration on first round completed

on 24 April 2013 300 n/c

The arbitration is a process of price revision that can be activated when the mandatory commercial discussions last too long or do not come to a conclusion.

The resorting to a third party (the arbitration Tribunal if needed) shows the difficulties between the parties to reach an agreement, but does not exclude to simultaneously continue the commercial discussion, in particular if the contracts schedule is tight before the beginning of the arbitration.

The risk linked to the arbitration process (being the decision linked to a third party) is itself a catalyst for the parties to find a mutual agreement.

Did you know?



180

33.3

39.2

+1.8+2.4

+3.3

-1.7+0.1

Net debt evolution reflecting the full consolidation of EdisonIn billions of euros

Dedicated assets(1)

Dividendspaid in cashCash Flow

after net investments

EdisonOther

Pro formaDecember 2012(1)

December2011




181

Net financial debt as of 31 December 2012

In billions of euros 31/12/2010 31/12/2011 31/12/2012 (1)

Net financial debt

Net financial debt / EBITDA

34.4

2.2x

33.3

2.2x

39.2

2.4x

Debt

Gross financial debt

o/w bonds

Average maturity gross debt (in years)

Average coupon

47.8

35.5

8.9

4.4 %

50.0

37.5

9.2

4.3 %

59.9

43.9

8.5

3.7 %

Liquidity

Gross liquidity

Net liquidity

25.2

17.9

24.9

17.1

27.2

13.8




182

Breakdown of the liquidity position as of 31/12/2012 Liquidity position excluding credit lines

of €16.2bn, o/w

€5.9bn of cash & cash equivalents

€10.3bn of liquid assets

Pro forma(1) liquidity position of €18.6bn

Available syndicated and bilateral credit lines of €8.6bn

This potential liquidity is without any financial covenant

A strong liquidity position

Liquid assets

64%

Cash & cash

equivalents

36%




183

Breakdown by currency

Group financial debt after swaps as of 31 December 2012

(1) Mainly HUF, CHF, PLN and BRL

(2) Pro-forma after allocation of the CSPE deficit to dedicated assets on 13 February 2013 and subtraction of €2.4bn from dedicated assets portfolio, enabling 100% coverage of the

EDF nuclear liabilities that are eligible for dedicated assets

Breakdown by type of rate

Floating rate21%

EUR

62%

GBP

23%

Other(1)

6%

Fixed rate79%

USD 9%

Net financial debt(2): €39.2bnAverage coupon: 3.7 %Average maturity: 8.5 years


184

Significant balance sheet optimization achieved over the past 3 years

Longer debt maturity at a lower cost

Lower average coupon: from 4.4% end of 2009 to 3.8% as of 30 September 2012

Longer average maturity: from 7.4 years end of 2009 to 8.6 years as of 30 September 2012

RTE included in the dedicated assets improving nuclear liabilities coverage without earnings dilution

Portfolio rationalization while keeping a highly regulated profile


185

Inaugural hybrid bond issuance consistent with EDF investment cycle

January 2013: inaugural hybrid bond issuance in 3 currencies (€, £, $) that allowed the Group to strengthen its capital structure over the investment cycle in a flexible and cost efficient way

Diversification of the Group funding sources on the capital markets

Possibility for the Group to raise the equivalent of approximately €6.2 billion in total across all three currencies

(1) Separate offering under Rule 144A / Regulation S

(2) Under its Regulation S EMTN program

Amount

(in €bn)Currency Coupon

First call date

(years)

3 Dollar 5.25 % 10(1)

1.25 Euro 4.25 % 7(2)

1.25 Euro 5.375 % 12(2)

1.25 Sterling 6.0 % 13(2)


186

Breakdown of debt by currency(1)

(1) As of 31 December 2012

0

1 000

2 000

3 000

4 000

5 000

6 000

Autres CHF EUR GBP USD JPY

In millions of euros, before swaps

Other

6,000

5,000

4,000

3,000

2,000

1,000

Of which (in €m) 2013 2014 2015

€ 1,989 4,297 1,918

£ 98 2 2

$ 48 980 -

CHF 1,361 25 25


187

Comparative debt ratings: EDF is leading its peers


Source: rating agencies and Bloomberg, as of 15 July 2013

BBB+ A- A A+

A3

A2

A1

Aa3 EDF

GDF Suez

E.ON

Iberdrola

Vattenfall

RWE

SSE

Enel

Baa1

RatingsS&P

Ratings Moody’sRatings

Fitch

EDF A+ stable Aa3 negative A+ negative

GDF Suez A negative A1 negative n/a

E.ON A- stable A3 negative A stable

Enel BBB stable Baa2 negative BBB+ negative

Iberdrola BBB stable Baa1 negative BBB+ negative

SSE A- negative A3 stable A- stable

RWE BBB+ stable Baa1 stable A- stable

Endesa BBB+ negative n/a BBB+ negative

Vattenfall A- stable A2 negative A- stable

RatingsS&P

Ratings Moody’s

Ratings Fitch

EDF short term A-1 P-1 F1

Baa2

BBB

Mood

y’s

ratings

S&P ratings

188

38,673

40,504

(1,052)

+ 435

+ 1,842+ 198

+ 408

Reductions AllowancesDiscounting

Otherchange

Translationadjustments

Group nuclear provisions: €40.5 billionEDF Group scope

Activities over periodIn millions of euros

(617)

31 December 2011

31 December 2012


CSPEFinancials

189

Principles used in discounting provisions Costs are estimated using year-end economic conditions and spread out over a planned

timetable of disbursements

□ These costs are determined in constant euros (i.e. the cost as if the payment was made today)

□ These costs are positioned in time on the basis of a timetable set by the company

The costs are then provisioned on the basis of year-end discounted values

Cost

Time€31,382m

Nominal discount rate

€65,873m

Cost timetable in constant euros

(gross costs in constant euros)

Cost in constant euros that

will be paid at T

Cost in current euros that will be paid

at T (i.e., the “inflated” cost)

Provisioned value


CSPEFinancials

190

Discount rate for nuclear provisions in France

Lower discount rates as of 31 December 2012

Nuclear provisions: 4.8%

The discount rate is based on the yield of a sovereign bond (French OAT) of the same duration asthe liability in question, plus the average spread of a selection of companies with the same ratingas the company carrying the liability

23 February 2007 executive order and 21 March 2007 ministerial order pertaining tothe funding of nuclear liabilities states that the discounting rate used by EDF may not exceed aceiling « that is equal to the arithmetic average over the past 48 months of the 30-year constantmaturity rate (TEC 30), on the closing date of the financial year under review, + 1 point »

Underlying hypothesis of long-term inflation: 1.9%


CSPEFinancials

191

EDF dedicated assets performance in 2012

Cover decommissioning costs of nuclear plants and

storage and long-term management of radioactive waste

Date of full cover of the costs by the portfolio set by law in

June 2016

Amid the area of euro crisis, prudent management has

been maintained:

□ Underweight on European peripheral debts

□ Importance of cash and underweight on equities at the

start of year

□ Better assets diversification than the benchmark and

less volatility

Performance of RTE shares (+6.7%)

(1) Full-year performance, including RTE and before taxExcluding RTE, the portfolio performance is 11.1% and excluding cash 12.0%, compared with a benchmark of 12.6%

Shares and bond funds

50% of RTEshares

Shares and equity funds

Cash

2,393

6,937

7,343953

Portfolio breakdown as of 31 December 2012

17,626


Performance(1) 2012: 10.4%


CSPEFinancials

192

Regulatory framework for dedicated assetsDedicated assets are meant to secure the costs of dismantling nuclear power plants. The portfolio of dedicated assets started to be built in 2000 and is consistent with a regulatory framework set up in 2006.

Law of 28 June 2006 (“loi de programme” – NOME law of 7 December 2010)

A portfolio of dedicated assets was set up with a value equivalent to at least 75% of provisions in mid-2011 and a projected 100% by mid-2016

Effective mid-2016, the portfolio’s realisation value must be at least equal to the amount of the provisions covered

In the event that it is not, the administrative authority may order corrective measures

Executive Order (“décret”) of 23 February 2007

This Executive Order contains a precise list of assets that are eligible for the portfolio of dedicated assets and their maximum authorised portion, and excludes certain categories of assets

It specifies the nuclear costs on which basis the amount of dedicated assets is set and establishes a regulatory ceiling on the discounting rate of liabilities, and a grace period that is based on economic conditions and markets situation and which may not exceed three years

Executive Order (“décret”) of 29 December 2010

This authorises EDF to include RTE shares in its portfolio of dedicated assets

Administrative authorization on 8 February 2013 to allocate CSPE deficit to dedicated assets


CSPEFinancials

193

7.1

15.212.8

12.6

4.9

2.40.4

Dedicated assets at 31/12/2012

Pro forma

Provisionsat 31/12/2012

Dedicated assetsat 31/12/2012

17.6

20.1 20.1

RTE

Other dedicated assets

CSPE receivable RTE

Other dedicated assets

Last cores(1)

Provision for dismantling

LT management of radioactive waste

(1) Part of the provision for the last cores on future long-term management costs for radioactive waste

Calculation base for dedicated assetsIn billion of euros

The coverage rate is 88% at end-2012. After allocation of the CSPE deficit to dedicated assets on

13 February 2013, coverage rate of EDF nuclear liabilities is more than 100%, thus enabling

the subtraction of €2.4bn of dedicated assets

2.4


CSPEFinancials

194

EDF nuclear provisions in France: €31.4 billion

In millions of euros 31/12/2011 Net Allow. Disc.Other

changes31/12/2012

Provisions for back-end nuclear cycle

Total 15,865 (1,006) 1,036 716 16,611

Provisions for management of spent fuel 9,143 (881) 550 686 9,498

Provisions for long-term management

of radioactive waste6,722 (125) 486 30 7,113

Provisions for nuclear dismantling

and last cores

Total 13,378 406 693 294 14,771

Provisions for dismantling

power stations11,366 405 592 215 12,578

Provisions for last cores 2,012 1 101 79 2,193

TOTAL NUCLEAR 29,243 (600) 1,729 1,010 31,382


CSPEFinancials

195

Scope of CSPE (contribution to electricity public service costs in France) The CSPE covers 3 different public service mandates:

Lost revenue and additional costs associated with EDF's participation in the TPN (priority need tariff)for low-income households

Number of people concerned:

In 2012, 1,083,000 households (mainland France, Corsica and overseas departments) benefited from a basic necessity tariff (TPN). A decree of 6 March 2012 introduced automatic attribution of social electricity tariffs (financed by the CSPE)

190,000 households in 2012 for the Housing Solidarity Fund (FSL)

Additional generation costs in non-interconnected regions (Corsica and the overseas departmentsand territories) not covered by the energy share of regulated tariffs

Electricity is sold in non-interconnected regions at the same price as mainland France despite significantly higher generation costs

Purchase obligations

Originally designed for cogeneration units, they have now been extended to output volumes of electricity generated using renewable energy sources (mainly wind and solar power)


196

CSPE principles and increases

CSPE (Contribution to electricity public service):□ Charged to end-users via an "other services" line on their energy bill

□ Collected by network operators and electricity suppliers

□ Periodically amended: "Barring a decree setting the amount of the contribution due for a given year prior to

31 December of the previous year, the amount proposed by the CRE (French Energy Regulatory Commission), in

accordance with the preceding paragraph, enters into force on 1 January, within the limit however of an increase of

€0.003/KWh with respect to the amount applied before this date". Increase of 1 January 2012 was splitted in two:

€0.0015/KWh in July 2011 and €0.0015/KWh in July 2012

4.5

7.59

10.5

13.5€/MWh

1 January 31 July 1 July 1 January

20112010 2012 2013


197

Main CSPE components for EDF

In the French overseas departments and Corsica, the CSPE varies with energy and fuel

purchases and the cost of replacing old power plants

The rise in the CSPE is linked to purchase obligations, which take into account the rapid

expansion of wind and PV power and the decline in wholesale electricity prices

In millions of euros 2010 2011 2012

Purchase obligations(1) 1,599 61% 2,244 63% 3,155 67%

Other(2) 1,006 39% 1,312 37% 1,532 33%

Total CSPE 2,605 3,556 4,687

Set up pursuant to the Law of 10 February 2000 to allow EDF to offset certain expenses related

to certain public service obligations

(1) Purchases obligations include electricity generated from: hydropower (less than 12MW), biomass, wind power, PV power, cogeneration, recovery of household waste and energy recovery, with the exception of Corsica and the French overseas departments

(2) Additional production costs and purchase obligations in Corsica and the overseas departments, the TPN (First Necessity Tariff) and the FSL


198

Change in purchase obligations in mainland France and CSPE for EDF

€1,785m €1,281m €1,591m €1,784m €2,044m

€919m€1,541m

€1,599m

€2,244m

€3,155m

Principle: The CSPE(1) offsets the difference between the cost of purchase obligations and market prices

€2,704m

€5,199m(3)

€2,822m

€3,190m

€4,028m Additional cost of purchase obligations cost to be covered by CSPE(2)

Cost of purchase obligationsnet of CSPE

Purchase obligations amount

2008 2009 2010 2011 2012

CSPE

CSPE

CSPE

CSPE

CSPE

(1) CSPE also offsets generation costs and purchase obligations in Corsica and French overseas departments and first necessity tariff (TPN)(2) EDF SA excluding Island Electric Systems(3) Change in purchase obligations: + €913m of solar and +€258m wind and -€185m cogeneration vs. 2011


199

French state recognition of the CSPE deficit The French government has committed to a maximum timeframe for paying back the receivable

recognized at end-2012, i.e. €4,879 million comprised of the compensation deficit (€4,250 million)

and past financing costs (€629 million), the receivable bearing an interest of 1.7% for the future

This deficit will be paid back before end-2018

The amount of the deficit will be adjusted for the definitive amount of the CSPE deficit at this date,

validated by the CRE end-2013 (following the standard procedure)

The deficit will be paid back independently of the CSPE’s future flows. However, the existing

mechanism for calculating the CSPE remains in place and will contribute to paying back the deficit

□ In the event the CSPE surplus is bigger than expected, the deficit will be paid back faster than planned


200

CSPE in the EDF financial statements at end December 2012 Income statement:

□ Offset of certain expenses to certain public services is booked under « other operating income and

expenses » in EBITDA for €4,687m

□ The compensation of carry costs for past deficit booked under financial products for +€629m

Balance Sheet□ Booked under working capital in the « other receivables category » for €997m (invoicing delays)

□ Increases net financial debt by €5,247m

□ The deficit recognized by the State booked under « financial receivables » for €4,879m

(€4,250m+ €629m)

Cash Flow Statement□ Cash in: €3,261m

□ Increase in Working Capital Requirements: €1,426m


201

Impact of CSPE on EDF’s accountsIn millions of € 2010 2011 2012

P&L

Extra-costs / losses

Impact on “other operating income and expenses”

EBITDA

Pre-tax result impact

(2,605)

2,605

Neutral

Neutral

(3,556)

3,556

Neutral

Neutral

(4,687)

4,687

Neutral

629

Balance sheet

Working capital requirements (other creditors)

Debt (CSPE on supply energy but not billed;other creditors)

Financial debt

2,812

(344)

-

3,821

(579)

-

997

(747)

4,879

Cash flow

Cash in energy billed

Increase in WCR

1,637

968

2,547

1,009

3,261

1,426


FACTS& FIGURES

2012Market data

203

European energy mix

Source: Enerdata, 2010

(1) Data 2009

0% 25% 50% 75% 100%

Allemagne

Autriche

Belgique

Danemark*

Espagne

Finlande

France

Grèce

Irelande

Italie

Luxembourg

Pays bas

Pologne

Portugal

Royaume-Uni

Suède

Nucléaire

Hydro

Renouvelables

Gaz

Pétrole

Charbon

Autres

620

67

94

37

303

80

572

54

28

298

5

115

97

53

380

148

In TWh

(1)

Nuclear

Hydropower

Renewables

Gas

Oil

CoalCoal

Other

Sweden

United Kingdom

Poland

Netherlands

Italy

Ireland

Greece

Spain

Belgium

Austria

Germany

Finland


204

310

320

330

340

350

360

2008 2009 2010 2011 2012

310

320

330

340

350

2008 2009 2010 2011 2012

130

135

140

145

150

2008 2009 2010 2011 2012

Markets: electricity consumption

Source: UCTE

France United Kingdom

ItalyPoland

In TWh

Source: RTE Source: Department of Energy & Climate Change

Source: UCTE

450

465

480

495

510

525

2008 2009 2010 2011 2012


205

Interconnected markets

but distinct

□ Price: average spot price

(base 2012) for France (Epex),

Germany (Epex), the UK

(EDFT), Spain (OMEL), the

Netherlands (APX), Belgium

(Belpex) and Italy (Ipex)

European energy market remains split into"electricity plates" - average price in 2012

(1) 2011 Average price(2) Annual Net Total Capacity calculated by RTE in December 2012 for 2013(3) Source ENTSOE

€55.2/MWh

€75.5/MWh

€46.9/MWh

€42.6/MWh

€48.0/MWh

1,200(2)

1,200(2) 1,400(2)

900(2)

1,900(2)

3,100(2)

2,400(2)

4,300(2)

1,800(2) 1,800(2)

1,200(2)

2,800(2)

2,400(3)

2,400(3)

€-4.0/MWh(1)

€+0.2/MWh(1)

€-8.5/MWh(1)

€-2.0/MWh(1)

€+3.3/MWh(1)

€47.0/MWh€-2.4/MWh(1)

€-2.7/MWh(1)

€47.2/MWh

Available commercial capacity MW


206

Interconnection capacity increase planned

Source: RTE

2,600

3,400 1,200

1,200

2,000

2,000

Interconnection addition

France – Spain□ Baixas – Sta Llogaia: 1,200 MW

(RTE – REE Project INELFE)

□ Golfe de Gascogne (RTE – REE):

1,200 MW

France – Italy□ Piedmont – Savoy (RTE - TERNA):

1,200 MW

France – United Kingdom□ Eleclink (Eurotunnel - Star Capital):

1,000 MW

IFA2 (RTE – NGC): 1,000 MW

Enhancement

France - Belgium

France - Luxembourg

In MW

+600

+600

Before 20172013

Enhancement

Enhancement

Enhancement


207

Spot prices historical (France) Spot price fixation is linked to several factors:

Level of demand

Availability of the generation fleet and management of the demand

Fossil-fired prices

Country’s energy mix

Relatively moderate spot prices in France in 2012 (average 7 rolling days)

0

20

40

60

80

100

120

140

janv. févr. mars avr. mai juin juil. août sept. oct. nov. déc.

Spot 2011 Spot 2012

In €/MWh

Except during the cold snap

when the prices reached more

than €100/MWh

Strong decrease due to lower

temperatures and lower demand

Jan. Feb. Mar Apr. May June July Aug. Sept. Oct. Nov. Dec.


208

-3,00

0,00

3,00

6,00

9,00

12,00

15,00

35

40

45

50

55

60

65Spread Fr-All France Allemagne

2013 Forward electricity prices Europe (from 2012)In €/MWh

Cold snap: Increase of CO2 prices

Decrease of CO2

then slack

supply/demand

balance on the

Spot

Released by the European Commission

of the report about nuclear fleet safety

Reversal of the

France-Germany spread

Increase of coal prices

Decrease of coal prices

Increase of gas prices

Concerns about the

future availability of

the nuclear fleet

Largest decline in Germany due to strong

renewable output

Jan. 2012 Feb. 2012 Mar 2012 Apr. 2012 May 2012 June 2012 July 2012 Aug. 2012 Sept. 2012 Oct. 2012 Nov. 2012 Dec. 2012

60

55

50

45

40

35 -3

12

9

6

3

0

GermanyFranceSpread Fr-Ger


209

Forward electricity prices in France, the UK, Italy and Germany (Y+1) in 2012

42

47

52

57

62

67

72

77

Electricité - contrat annuel base France (EPEX) Electricité - contrat annuel base Allemagne (EPEX)

Electricité - contrat annuel base UK (ICE) Electricité - contrat annuel base Italie (IPEX)

In €/MWh

Electricity – annual base contract UK (ICE) Electricity – annual base contract Italy (IPEX)

Electricity – annual base contract Germany (EPEX)Electricity – annual base contract France (EPEX)


210

Forward electricity prices in France, the UK, Italy and Germany (Y+2) in 2012

44

49

54

59

64

69

74

79

Electricité - contrat annuel base France (Powernext) Electricité - contrat annuel base Allemagne (EEX)

Electricité - contrat annuel base R-U (ICE) Electricité - contrat annuel base Italie (EDF-T)

In €/MWh

Electricity – annual base contract UK (ICE) Electricity – annual base contract Italy (IPEX)

Electricity – annual base contract Germany (EPEX)Electricity – annual base contract France (EPEX)


211

$/bl

Gas & oil pricesp/therm

88

93

98

103

108

113

118

123

128

Brent (Y+1) in 2012

58

60

62

64

66

68

70

NBP gas (Y+1) in 2012


212

€/t

CO2 (Y+1) prices in 2012


5

6

7

8

9

10

FACTS& FIGURES

2012Appendices

214

Financial Calendar

30 July 2013

Dividend payment

Half-year results 2013

Sales (3rd quarter 2013)

Annual results 2013

7 November 2013

13 February 2014

8 July 2013


215

Glossary (1/6) ANDRA: The French law of 30 December 1991 established a public industrial and commercial body, the National Agency for the

Management of Nuclear Waste (Agence nationale pour la gestion des déchets radioactifs “ANDRA”), responsible for the long-term management of radioactive waste. The Agency, which reports to the Ministers of Industry, Research and the Environment, established the storage centers based in the Aube region of France for the long-term management of short-life waste

APE: The French Government Shareholding Agency (APE) is a national organization within the Ministry of Economy. Its mission is to actas a shareholder for the French Government in order to develop its assets and maximize the value of its stakes

Architect-Assembler: For EDF, the architect-assembler has control over: the design and operation of its power plants; the organization of development projects; the schedule for completion and costs of construction; relations with the Nuclear Safety Authority; and the integration of feedback from operational experience. EDF’s role as architect-assembler ensures control over its industrial policy with respect to the design, construction and operation of its fleet of power plants

ARENH: Regulated access to historical nuclear energy

ASN (Autorité de Sûreté Nucléaire): The French Nuclear Safety Authority (Autorité de Sûreté Nucléaire or “ASN”) controls, nuclear safety and radioprotection in France, on behalf of the French government, to protect workers, patients, the public and the environmental risks associated with the use of nuclear energy. It is notably in charge of the external control of nuclear facilities in France. The French ASN is an independent administrative authority with a staff of more than 300. The French ASN is represented at the national level by the General Agency for Nuclear Safety and Radioprotection (or “DGSNR”)

Clean Development Mechanism (CDM): The CDM is a mechanism defined by the Kyoto Protocol based on projects to reduce emissions or capture greenhouse gases (GHS) and sustainable development plans in developing countries. This mechanism provides that any public or private entity in a country on Schedule 1 (industrialized countries) which makes investments in such projects in a county on Schedule II (developing countries) acquires carbon credits in return. These credits can then be used by those Parties to meet their emission quotas, or they can be sold on the carbon market in International Emissions Trading (IET) or the EU emissions quota trading system (EU ETS). The CDM is placed under the authority of the Conference of the Parties acting as a meeting of the parties to the Kyoto Protocol, supervised by an Executive Board, the powers of which were defined by the 2001 Marrakech agreements


216

Glossary (2/6) Clean Dark Spread: difference between power price and variable generation cost (mainly coal cost and CO2 cost)

Combined-Cycle Gas Turbine (CCGT): The most recent technology for generating electricity in a natural gas-fired plant. A combined cycle is made up of one or more combustion turbines and a steam turbine allowing for an improved yield. The syngas is routed to the combustion turbine, which generates electricity and very hot exhaust gases (effluents). The heat from the exhaust gases is recovered by a boiler, thus producing steam. Part of the steam is then recovered by the steam turbine to generate electricity

Cogeneration: Generation technique for combined electricity and heat generation. The advantage of cogeneration is the ability to capture the heat produced by the fuel whereas in traditional electricity generation this heat is lost. This process also allows the same facility to meet the heating (hot water or steam) and electricity needs of both industrial and local authority customers. This system improves the energy efficiency of the generation process and reduces fuel use by an average of 20%

CRE (Commission de Régulation de l’Energie): Created on 30 March 2000. The CRE, an independent body, regulates the process to open the energy market opening. It ensures that all of the generators and eligible customers have non-discriminatory access to the network. Within its jurisdiction, this body supervises and authorizes, settles any disputes and, if required, imposes sanctions

Distribution Networks: Downstream of the transmission network, medium- and low-tension distribution networks serve end-users (individuals, Groups, SMEs, SMIs, etc.)

Electricity supply: Can be broken down into four types of consumption: “basic” (or “ribbon”) supply is: the “basic” (or “ribbon”) supply of electricity generated and consumed throughout the year; “semi-basic” supply is the electricity generated and consumed over the winter period; “peak” supply corresponds to periods of the year when electricity generation or supply is in heavy; demand; “lace” supply is a complement to “ribbon” supply

EPIC: Industrial and Commercial state-owned Company

EPR (European Pressurized Reactor): The latest generation of reactors currently under construction (known as generation 3), it is the result of Franco-German cooperation, and offers advanced safety, environmental and technical performance


217

Glossary (3/6) ETS: Emission Trading System

Fuel cycle: The nuclear fuel cycle encompasses all industrial operations in France and abroad which enable the supply of the fuel to generate energy in a reactor, then to unload and process it. The cycle can be broken down into three stages: 1) upstream: the processing of concentrates from uranium ore, the conversion, enrichment and production of fuel (which takes more than two years); 2) the core of the cycle corresponding to the use of fuel in the reactor: receipt, loading, operation and discharging (which takes three to five years);3) downstream: pool storage, reprocessing of spent fuel in reactors of recoverable material, vitrification of highly radioactive waste, then temporary storage of the waste before storage

Greenhouse emissions: Gas that retains a portion of the solar radiation in the atmosphere and for which an increase in emissions due to human activity (man-made emissions) causes an increase in the earth’s average temperature and plays an important role in climatechange. The Kyoto Protocol and amended EC Directive 2003/87/EC of 13 October 2003 cover the six following principal greenhouse gases: carbon dioxide (CO2), methane (CH4), nitrogen protoxide (N2O), hydrofluorocarbons (HFC), perfluorated hydrocarbons (PFC) and sulfur hexafluoride (SF6). For the period from 2005-2007, carbon dioxide was the subject in Europe of measures to reduce emissions with the application of national plans for the allocation of greenhouse gas quotas. For the 2008-2012 periods, the scope of gases is expanding. In the long term, the gases listed in Appendix II of the aforementioned directive will be covered, as will “any other gaseous atmospheric component, whether natural or man-made, that absorbs and reflects infrared radiation” (amended directive, adopted but not published to date)

Hydropower Generation: Maximum power energy that can be produced from hydraulic sources in normal conditions

Interconnection: Electricity transmission infrastructure that allows for exchanges of energy between different countries, by connecting the transmission network of one country to that of a neighboring country

LDC: Local Distribution Companies that provide for distribution of gas and electricity power to the end-customers on a delimited geographical area

LNG (Liquefied Natural Gas): Natural gas turned into liquid form by reducing its temperature to –162°C allowing for a reduction by 600 in its volume


218

Glossary (4/6) MEDEF: French companies association

Metering: A system allowing for the recording, at a given network connection point, of the volumes of electricity transmitted or distributed (power, frequency, active and reactive energy)

Midstream: All assets of the gas business, allowing for its availability, transportation and management. These might be infrastructures (gas pipelines, storage facilities, LNG terminals, etc.) or contractual (rights relating to predetermined capacity, procurement contracts, etc.). The midstream segment includes the trading and negotiating activities

National Quota Allocation Plan: This plan defines the total quantity of greenhouse gas emission quotas that the French state plans to grant for the quotas exchange system for each multi-year period (NAP1 2005-2007, NAP2 2008-2012) and the allocation method used to allocate quotas to the industrial facilities in question

NOx: Nitrogen oxide

Nuclear safety: Nuclear safety includes all of the technical, organizational and human measures which are intended to prevent accident risks and to limit the effects of an accident, and which are taken at every stage of the life of a nuclear power plant (from design to operation and finally to decommissioning)

Nuclear tranche: Electrical generation unit consisting of a nuclear boiler and a turbo-alternator generator. A nuclear tranche essentially consists of its reactor type and the power of its turbo-alternator generator. EDF nuclear plants include two or four tranches, and occasionally six

Ofgem: Ofgem is the Office of the Gas and Electricity Markets in the UK. Its main missions consist in protecting consumers, regulating gasand electricity monopoly companies, helping to secure Britain’s energy supplies by promoting and regulating competitive gas and electricity markets, as well as contributing to the drive to curb climate change and other work aimed at sustainable development


219

Glossary (5/6) Plant availability: Fraction of power available, out of theoretical maximum energy, counting only technical non-availability. The availability

coefficient (Kd) is defined as the ratio between annual actual generation capacity (or amount producible annually) and maximum theoretical generation capacity, where maximum theoretical generation capacity = installed capacity x 8,760 hr. The Kd, which counts only technical non-availability, i.e., scheduled shutdowns, unplanned outages and testing periods, characterizes a plant’s industrial performance. For EDF’s nuclear fleet in France, the maximum theoretical generation capacity is of 553 TWh (63.1 GW X 8,760 hr)

PPA: Price Purchase Agreement

PWR: Pressurized Water Reactors constitute a large majority of all nuclear power plants in 2011. In a PWR, the primary coolant (water) is pumped under high pressure to the reactor core where it is heated by the energy generated by the fission of atoms. The heated water then flows to a steam generator where it transfers its thermal energy to a secondary system where steam is generated and flows to turbines which, in turn, spins an electric generator. In contrast to a boiling water reactor (BWR), pressure in the primary coolant loop prevents the water from boiling within the reactor

Renewable energies: Energies for which generation does not require extinction of the initial resource. They largely derive from geothermal, water, air, fire and solar sources. They include hydro, wind, solar (the energy produced by marine waves and currents), geothermal (energy derived from the heat below the earth’s magma) energies, and bio-mass (energy derived from living matter, particularly wood and organic waste). They often include energy from the incineration of household or industrial waste

RTE: RTE is the operator of the French electricity transmission system. A public service company, RTE operates, maintains and develops the high and very high voltage network

SOx: Sulfur Oxide

Storage: Storage consists in placing packages of radioactive waste in a facility, ensuring their long-term management, i.e., under safe conditions allowing for long-term risks control


220

Glossary (6/6) Storage center: Low or medium-level short-life radioactive waste, from nuclear plants, the Hague or Centraco facilities, are sent to

ANDRA’s Soulaines storage center in the Aube region, which has been operational since 1992. This center has capacity of 1,000,000 m3, and acceptance capacity of approximately 60 years. Very low-level short-life radioactive waste is sent to ANDRA’s Morvilliers storage center (also in the Aube region). This center was commissioned in October 2003 and has an operating life of about 30 years

Transmission networks: Network providing for the transmission of electrical power at high and very high voltages from the generating sites to the distribution networks or industrial sites directly connected to it; this includes the major interconnection transmission network (400,000 volts and 225,000 volts) and the regional distribution networks (225,000 volts, 150,000 volts, 90,000 volts and 63,000 volts)

Waste: The nuclear generation of 1 MWh of electricity (equivalent to the monthly consumption of two households) produces around 11g of total waste across all categories. Short-life waste represents more than 90% of the total, but contains only 0.1% of the radioactivity of waste


FACTS& FIGURES

2012

edffacts-and-figures_2012

Documents

present document

edf representatives

edf logo

forwardlooking information

groups strategy

detailed information

forwardlooking statements

expected results