#1eDF INVESTOR PRESENTATION JUNE 2021#2DISCLAIMER This 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 this presentation, and none of EDF representatives shall bear any liability for any loss arising from any use of this presentation or its contents. The quarterly financial information is not subject to an auditor's report. The present document may contain forward-looking statements and targets concerning the Group's strategy, financial position or results. EDF considers that these forward-looking statements and targets are based on reasonable assumptions as of the present document publication, which can be however inaccurate and are subject to numerous risks and uncertainties. There is no assurance that expected events will occur and that expected results will actually be achieved. Important factors that could cause actual results, performance or achievements of the Group to differ materially from those contemplated in this document include in particular the successful implementation of EDF strategic, financial and operational initiatives, changes in the competitive and regulatory framework of the energy. markets, 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, technological changes, and changes in the economy. Detailed information regarding these uncertainties and potential risks are available in the Universal Registration Document (URD) of EDF filed with the Autorité des marchés financiers on 15 March 2021, which is available on the AMF's website at www.amf-france.org and on EDF's website at www.edf.fr, as well as in the 2020 financial report available on EDF's website. EDF does not undertake nor does it have any obligation to update forward-looking information contained in this presentation to reflect any unexpected events or circumstances arising after the date of this presentation. EDF SALES FIRST QUARTER 2021 2#331 MARCH 2021 KEY FIGURES & HIGHLIGHTS In Єm Sales Q1 2020 restated (1) 20,701 Q1 2021 A% A% Org. (2) 21,949 +6.0 +6.2 Positive price effects in France (including regulated tariff increase and TURPE indexation) Favourable weather conditions in Europe Favourable gas market conditions, both in midstream activities and in Dalkia and Edison downstream activities. Limited impact on margin Lower nuclear output in France and in the United Kingdom with limited effect on sales (1) (2) The Q1 2020 published data have been restated for the impact of the change in the scope of the ongoing E&P disposal Organic change at comparable scope, standards and exchange rates. EDF SALES FIRST QUARTER 2021 3#4HIGHLIGHTS (1/2) NUCLEAR ASN AUTHORISATIONS Decision on the terms for continuing to operate the 900MW reactors beyond 40 years Approval of the penetration weld repair process using remotely-controlled robots for Flamanville 3 EPR (1) UNITED KINGDOM Temporary restart of Hinkley Point B and Hunterston B before moving into the defueling phase Sizewell B outage extended by 3 months from end of May to end of August 2021 INDIA Submission of a binding technical and commercial offer to supply engineering studies and equipment for the constructions of 6 EPR (2) at Jaitapur WINTER PERIOD MANAGEMENT France: appropriate level of output ensuring permanent supply to customers over 2020/2021 winter Texas extreme cold weather event: no significant effect on the Group's net result according to first estimates RENEWABLES OFFSHORE WIND POWER Launch of the construction of the Courseulles-sur-Mer wind farm (448MW) SOLAR & STORAGE 300MW solar project awarded in Saudi Arabia (Jeddah), and launch of construction. Commissioning planned in 2022 3 long-term contracts awarded for 303MW solar projects in New York state (USA) Kenya: acquisition of shares in Econet Energy Kenya and Bboxx Kenya (distributed solar and Off-Grid businesses) HEALTH CRISIS EDF remains fully mobilised to ensure the continuity of activities while maintaining the reinforced protection measures for employees and service providers (1) See Q1 2021 Appendices on Flamanville 3 p5 and p6 (2) EDF would not be in charge of the construction neither of the financing EDF SALES FIRST QUARTER 2021 CSR 4#5HIGHLIGHTS (2/2) COAL-FIRED PLANTS STEP-OUT PROCESS IN EUROPE Shutdown (1) of Le Havre coal-fired power plant (580MW) on 31 March 2021 West Burton A (1,987MW) to close in September 2022, two years ahead of Government deadline for coal-fired power plants ENVIRONMENTAL, SOCIAL & GOVERNANCE ACHIEVEMENTS EDF included in the newly created "CAC 40 ESG index", the new stock market index bringing together 40 socially responsible companies Upgrade in Climate governance: appointment of a climate representative within the Board of Directors INNOVATION & ELECTRIC MOBILITY Pod Point: around 110,000 charging points deployed at end-March 2021, of which more than 13,000 in Q1 2021 (which represents around 50% acceleration in the deployment pace compared to 2020 average) Blockchain: 1st bond issue by EIB (European Investment Bank), realised via Ethereum (2), based on solutions developed by Exaion, an EDF subsidiary. First commercial success for this start-up, incubated within EDF DISPOSAL PLAN Closing of Edison Norge sale (E&P activity in Norway) Closing of IDG sale (gas distribution network in Italy) Signing of a binding agreement for the sale of West Burton B gas power plant (1,332MW) Dalkia: Entry into exclusive negotiations for the sale of Dalkia Wastenergy (ex TIRU) (1) The Le Havre coal power plant has been shut down and mothballed (AGP - multi-year guaranteed shutdown) since 31/03/2021 and will be disconnected from the network by end-2021. Decentralised exchange protocol that allows users to create smart contracts (2) EDF SALES FIRST QUARTER 2021 CSR 5#6GROUP SALES - SYNTHESIS In €bn ORGANIC CHANGE: +6.2% (2) + 0.2 -0.2 21.9 + 0.3 + 0.1 + 0.2 + 0.7 20.7 (3) -0.1 France generation (mainly lower nuclear output) (1) Q1 2020 restated France price effects (1) Gas price effects (with limited EDF Trading (1) margin impact) (1) Weather effect on Regulated activities (1) Other (1) o/w: Generation and supply activities price effects • Resale of purchase Obligations (neutral in margin) Capacity reinvoiced Increase in Regulated tariffs Regulated activities price effects: TURPE indexation (1) Estimated figures. (2) Organic change at comparable scope, accounting standards and exchange rates. (3) The 2020 published data have been restated for the impact of the change in the scope of the ongoing E&P disposal EDF SALES FIRST QUARTER 2021 Scope & forex & intercompany transactions (1) Q1 2021 6#7Q1 2021 GROUP SALES (In Єm) ORGANIC CHANGE: +6.2% (1) 21,949 +318 +233 20,701 (2) +483 +57 +98 -49 -25 -2 -193 +328 891 664 727 France EDF Renewables Dalkia Framatome United Kingdom Italy Other international Other activities Other activities Other 693 international Scope & forex & 1,715 inter- segment elimination France Generation & supply activities 2,029 Italy Regulated activities 2,748 794 1,244 396 5,115 8,440 (1,142) Q1 2020 restated (1) Organic change at comparable scope, accounting standards and exchange rates. (2) The 2020 published data have been restated for the impact of the change in the scope of the ongoing E&P disposal. EDF SALES FIRST QUARTER 2021 2,689 United Kingdom 728 Framatome 1,350 Dalkia 437 EDF Renewables France - 5,598 Regulated activities France - 8,834 Generation & supply activities (1,300) Q1 2021 Inter- segment elimination 7#82021 GUIDANCE AND 2022 AMBITIONS CONFIRMED (1) SUBJECT TO ADDITIONAL REINFORCED SANITARY RESTRICTIONS IMPACTS EBITDA (1) 2021 TARGETS NET DEBT / EBITDA (1) > €17bn < 3x OPERATING EXPENSES (2) reduction between 2019 and 2022 €500m 2022 AMBITIONS GROUP DISPOSALS 2020-2022 (3) DIVIDEND NET DEBT / EBITDA (1) - TARGET PAYOUT RATIO OF NET INCOME EXCLUDING NON-RECURRING ITEMS (4) FOR 2021 AND 2022 THE FRENCH STATE HAS COMMITTED TO SCRIP FOR THE DIVIDEND RELATING FY2021 (1) On the basis of the scope and exchange rates at 01/01/2021. (3) Signed or completed disposals: impact on Group's economic debt. (2) Sum of personnel expenses and other external expenses. At constant scope, standards, exchange rates and pension discount rates and excluding inflation. Excluding sales costs of energy service activities and nuclear engineering services of Framatome and in particular projects such as Jaitapur. (4) Adjusted for the remuneration of hybrid bonds accounted for in equity. EDF SALES FIRST QUARTER 2021 ~€3bn 3x 45-50% 80#9eDF INVESTOR PRESENTATION JUNE 2021 APPENDICES#10eDF TABLE OF CONTENTS P.11 STRATEGY AND P.26 ESG P.34 P.41 RENEWABLES REGULATED INVESTMENTS P.53 FRANCE - GENERATION AND SUPPLY P.66 CONSOLIDATED SALES P.77 OPERATIONAL DATA & MARKETS 10#11STRATEGY AND INVESTMENTS#12Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets 2030 STRATEGIC TARGETS UPGRADE CAP 2030 To build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive wellbeing and economic development A creator of services and solutions to support customers and territories in the shift towards carbon neutrality A global leader in the generation of CO2-neutral electricity An international key player in the energy transition >15 MtCO2 AVOIDED EMISSIONS (1) €10bn revenues IN SERVICES (3) > 1.5 CONTRACTS/CUSTOMER (2) 50% CO2eq DIRECT EMISSIONS vs 2017 60GW NET >X2 NEW RENEWABLES CAPACITIES (INCL. HYDRO) VS. 2015 INITIATING NEW EPRS & 1 SMR EXIT COAL 1.5-2GW NET HYDRO INSTALLED CAPACITIES (4) 1 MILLION OFF GRID KITS Scope: (1) Customers, Services & Territories sector's activities. EDF estimate, including CO2 savings linked mainly to heating and cooling networks, the development of the electric vehicle and energy saving certificates; (2) EDF estimate: France, UK, Italy and Belgium (Residential); (3) Group; (4) Excluding priority countries in Europe (France, Italy, UK and Belgium) EDF ANNUAL RESULTS 2020 12#13Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets CUSTOMERS AND REGIONS: 2030 OBJECTIVES AND 2023 MILESTONES Remain the leading player in energy supply in the G4 Excellence in the customer experience (8-9/10 customers satisfied, trust in EDF, enhanced range, etc.) Services revenues (1) Bring to residential customers global solutions for energy, energy efficiency and transition to low-carbon 18 16 > 90% contributes to the energy transition 14 €3.7bn €6 - 7bn €10bn 10 2023 2030 2015 12 8 - 5.5 Mt CO2 avoided emissions (3) CO2 68 Mt CO2 avoided emissions (3) >15 Mt CO2 avoided emissions (3) 2030 Ambitions & >15 Mt CO2 emissions avoided (3) €10bn In Services revenues จ 6 Number of contracts per customer (2) 4 1.1 1.3 >1.5 >> 2 0 2019 (1) Group (2) EDF estimate: France, UK, Italy and Belgium (Residential) EDF ANNUAL RESULTS 2020 2023 2030 (3) Customers, Services & Territories sector's activities. EDF estimate, including CO2 savings linked mainly to heating and cooling networks, the development of the electric vehicle and energy saving certificates > 1.5 contracts per retail customer (2) 13#14Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets WORLD LEADER IN LOW-CARBON ELECTRICITY GENERATION: 2030 OBJECTIVES AND 2023 MILESTONES Renewable energies RE Net capacity (including hydro) Nuclear in 2023 28 GW net 40 GW net 60 GW net 3 EPRS commissioned (Flamanville 3, Taishan 1&2) 2014 2023 eDF ANNUAL RESULTS 2020 2030 2030 Ambitions 100% of milestones for 4th 10-years inspections respected 2 EPRS under construction (HPC) Réduction of 50 % in CO2eq direct emissions vs 2017 > X2 new renewables capacities (incl. hydro) vs. 2015 i.e. 60GW NET New EPRS & 1 SMR 14#15Strategy and investments ESG Renewables Regulated EDF ELECTRIC MOBILITY PLAN (1) France Generation and supply Consolidated sales Operational data and markets THE ELECTRIC MOBILITY- PLAN TARGET 30% MARKET SHARE IN THE ELECTRICITY SUPPLY FOR ELECTRIC VEHICLE OWNERS IN 2023 In the Group's four main markets (G4): France, UK, Italy and Belgium 150,000 Charging stations rolled out by 2023 10,000 Smart charging stations operated by 2023 ACHIEVEMENTS AND PROJECTS Support for EDF's customers and European partners in their shift towards e-mobility: IZIVIA has taken over the operational control of MObiVE, a network of over 1,200 stations in Nouvelle-Aquitaine, and signed a major contract with PSA to equip 31 PSA sites in Europe Signature of a strategic partnership with BMW in Belgium enabling BMW customers to subscribe to a green energy contract or a photovoltaic installation accompanied by a charging station Signature of a partnership between EDF and Volkswagen Group France through the proposal of the EDF Regional Green Electric offering to VW customers in France +100,000 charging stations rolled out by the Group at end-2020 IZIVIA is the leader in public charging in France (26% market share) Pod Point rolled out around 35,000 charging stations in the UK in 2020 + 5,000 smart charging stations operated by Izivia in France and PowerFlex in California Vehicle-to-grid: IZIVIA, Dreev, Nissan, the Occitanie region and ADEME have launched the Flexitanie project to test this innovant technology on a large scale "EV100" project in line with the objective 12.2% of the EDF Group vehicle fleet electrified (1) The EDF Electric Mobility Plan supplements specific investments made in this field by Enedis, an independent subsidiary of EDF within the meaning of the French Energy Code EDF ANNUAL RESULTS 2020 15#16Strategy and investments ESG Renewables THE FRENCH SOLAR PLAN TARGET Regulated France Generation and supply Consolidated sales Operational data and markets A STRONG ACCELERATION OF SOLAR PV DEVELOPMENTS LEPLANSOLAIRE SOLAR PLAN WELL UNDER WAY c.2.5G W of grounded-based projects in development at end-2020 x9 vs 2017 BE A LEADER IN FRANCE 30% MARKET SHARE (1) BY 2035 C.500MW of secured projects at end-2020 (1) Market share expressed as installed gross capacities EDF ANNUAL RESULTS 2020 C.250 MW under construction at end-2020 Pd CRE tender 4.8 : market share of 30% reached x11 vs 2017 x9 vs 2017 16#17Regulated France Generation and supply Consolidated sales Operational data and markets Strategy and investments ESG Renewables ELECTRICITY STORAGE PLAN (1) LE PLAN stockage électrique TARGET DEVELOP 10 GW IN NEW STORAGE SITES WORLDWIDE BY 2035, IN ADDITION TO THE 5GW OPERATED TODAY (2) ACHIEVEMENTS AND PROJECTS A PORTFOLIO OF COMPLETED OR SECURED PROJECTS HAVING INCREASED BY OVER 58% IN 2020 TO A TOTAL 950MW AT END-DECEMBER 2020 Results in line with the initial trajectory of the Electricity Storage Plan The results in 2020 benefited from the contribution of major large scale projects: Signature of the Chuckwalla PPA (Nevada): storage system coupled with a 200MW solar power plant, to deliver 180MW over four hours Construction of the first two Pivot Power projects (UK): 2 x 50MW Winner of the PV + storage tender in Israel: storage systems coupled with 230MW solar projects, to deliver 90MW over four hours INVESTMENTS TO PREPARE FOR THE FUTURE: Acquisition of a stake in Ecosun (PV containers + storage, plug-in ready) to address the small-scale microgrid segment Participation in the capital increase of start-up PowerUp to develop assessment and optimisation services for stationary batteries Commissioning of the post-mortem battery analysis R&D lab Pivot Power (1) The EDF group's business development model is based on partnerships. Not all of these projects will necessarily be fully consolidated (2) Principally PSHP (Pumped-Storage Hydropower Plants) EDF ANNUAL RESULTS 2020 17#18Strategy and investments ESG Renewables Regulated FLAMANVILLE 3 EPR (1,650 MW) (1/2) France Generation and supply Consolidated sales Operational data and markets CONSTRUCTION PROGRESS In October 2020, ASN and Senior Civil Servant for Defense and Safety gave their approval for the fuel arrival on site. Following this authorisation, the first fuel assemblies were warehoused in the EPR's Fuel Building UPDATE ON SECONDARY CIRCUIT WELDS Penetration welds In a letter dated 19 June 2019, the French Nuclear Safety Authority (ASN) asked EDF to rework, before commissioning, the eight VVP (1) penetration welds on the Flamanville EPR reactor containment building that deviated from the "break preclusion" reference document. EDF also decided to rework four ARE (2) penetration welds. The scenario retained by EDF for reworking the penetration welds (VVP and ARE) is the use of remotely-controlled robots, designed to conduct high-precision operations within the pipes in question. This technology has been developed for the fleet in operation. The ASN approved the VVP weld repair process in March 2021 and the repair works have started. The qualification of the ARE weld repair process is underway, with the goal of works taking place at the end of the second half of 2021. This process is an adaptation of the one used for VVP penetration repairs. Other welds In addition, the technical investigation into reworking the welds located in the Main Secondary Circuit (Circuit Secondaire Principal) with quality shortfalls and/or not complying with the requirements of the break preclusion reference document defined by EDF is ongoing. The ASN gave its agreement in July 2020 for the repair of a first batch of five welds, then in November for the repair of a second batch of two welds and in April 2021 for the repair of a third batch of six welds. The five welds in the first batch and the two of the second batch were repaired and the ASN control is ongoing. Repairs on the six welds in the third batch are in progress. Repairing the penetration welds is the main challenges on the critical pathway of the project. However, repair work on other welds of the Main Secondary Circuit and other activities underway on the worksite are also creating additional risk to the schedule and the target cost on completion for the reactor. (1) Steam discharge pipework circuit (2) Water supply circuit for steam generators eDF SALES FIRST QUARTER 2021 18#19Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets FLAMANVILLE 3 EPR (1,650 MW) (2/2) CONTROLS ON THE MAIN PRIMARY CIRCUIT On 2 June 2020, ASN asked EDF to conduct fresh survey inspections of the Main Primary Circuit (Circuit Primaire Principal, CPP). EDF has drawn up a sample of welds that are representative of all Main Primary Circuit welds for this re-inspection. Work started on 24 February 2021 and is due to continue through to the second half of 2021. In a separate development, on 2 March 2021 EDF declared a significant event to ASN. This concerned the incomplete observance of the "break preclusion" referential in respect of the implantation of three nozzles on the main primary circuit (a nozzle allows to connect auxiliary circuits to the primary circuit). EDF and Framatome engineering teams are currently carrying out an instruction to identify, and then propose to ASN, documentary or corrective actions. If ASN accepts the proposal, no significant impact on the schedule or costs has been identified. SCHEDULE AND COSTS On 9 October 2019 (1), the Group submitted a new schedule and a new estimate of construction completion cost (2) for Flamanville 3 EPR and indicated that provisional schedule for implementing the repairing of the penetration welds, considering the agreement of the ASN, would mean the fuel being loaded at end-2022 and a revised construction completion cost of €12.4 billion (2). The additional costs with respect to the previous estimate of € 2015 1.5 billion have mostly been booked under “other income and expenses” (3) rather than as investments. For 2020, these additional costs booked as "other income and expenses" amounted to €397 million. At end-2020, the review of the impact of the first lockdown on the works indicated that the project no longer has any margins, either in terms of schedule or in terms of costs. Meeting these targets is dependent on a number of factors and technical issues, including ASN investigations. Furthermore, other risks may also emerge. The risk regarding the schedule and construction completion cost is therefore very high. (1) See press release of 9 October 2019 (2) In 2015 euros, excluding interim interest (see note 10 of the Groupe 2020 financial statements) (3) IAS 16 paragraph 22 on abnormal costs incurred in connection with assets constructed by the Company. These costs will affect the Group share of net income, without any impact on net income excluding non-recurring operations EDF SALES FIRST QUARTER 2021 19#20Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets HINKLEY POINT C . • MANAGEMENT OF THE PANDEMIC Significant measures continue to be in place to ensure maximum safety for on-site staff and the local community while keeping the site operational, including an intensive testing program (c. 20,000 tests performed in Q1). HPC noted by Public Health England as industry 'best in class' in its counter measures during the pandemic response. Number of people working on site have increased from c. 5,000 to 6,000 in Q1 and are expected to continue to increase steadily. PROGRESS ON SITE Q1 - First low pressure rotor fully bladed achieved on time Q2 - Completion of the outfall tunnel drive → on track • REMINDER ON KEY DATA (1) In the context of Covid-19 pandemic, a detailed review of schedule and costs has been finalised in January 2021 to estimate the impact of the pandemic so far. This review has concluded the following (1): The start of electricity generation from Unit 1 is now expected in June 2026, compared to end-2025 as initially announced in 2016 The project completion costs are now estimated in the range of £2015 22 to 23bn (2). As a consequence, the projected rate of return (IRR) for EDF (different from the project IRR) is estimated between 7.1% and 7.2% (3)(4) The risk of COD delay of Units 1 and 2 is maintained at respectively 15 and 9 months. The realisation of this risk, for which the probability is still high, would incur a potential additional cost in the order of ₤2015 0.7bn. In this case, the IRR for EDF would be reduced by 0.3%. The agreements between EDF and CGN include a capped compensation mechanism between both shareholders in case of cost overruns or delays. Given the expected level of completion costs, this mechanism is applicable and will be triggered when the times come. EDF's published IRR takes this compensation mechanism into account. This arrangement is part of a Shareholders' Bilateral agreement signed between EDF and CGN in September 2016 and is subject to a confidentiality clause. The project's financing needs will exceed the shareholders' contractual commitment by the end of construction, which will lead the Group to assume, by the end of construction, a portion of the financing needs that is greater than its share which would lead to difficulties in financing the project in the event of a shareholder misalignment. EDF SALES FIRST QUARTER 2021 The first rotor was successfully manufactured. It is equipped with the largest ever last stage blade. The rotor will be part of the turbine generator which converts steam into electricity (1) See press release published by EDF on 27 January 2021 (2) Reminder on the costs previously announced in the Press release of 25 September 2019: £2015 21.5 - 22.5bn. Costs net of operational action plans, in 2015 sterling, excluding interim interest and excluding forex effect versus the reference exchange rate for the project of £1 = €1.23. Costs are calculated on 27 January 2021 by deflating estimated costs in nominal terms using the British Construction OPI - Output Price Index - for all new work. (3) In addition to cost and construction schedule targets, EDF's IRR integrates other structural assumptions. In particular, it is sensitive to inflation rate and electricity price scenarios following after the Contract for Difference (CfD) period. A 0.1% variation in inflation has an impact on the IRR of +/- 0.1%; a variation in post CfD electricity prices of £2015 10/MWh has an impact on the IRR of +/- 0.1%. (4) EDF's provisional IRR is calculated at the exchange rate £1 = €1.13. Previous IRR of 7.6% -7.8% based on an exchange rate of £1 = €1.15 20#21Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets SIZEWELL C • • • KEY ELEMENTS Project of new nuclear power station at Sizewell on the Suffolk coast Two UK European Pressurised Reactor (EPR) for a total generating capacity of 3.2GW Power supply to 6 million homes and electricity generation for 60 years Replication strategy from Hinkley Point C, which should enable costs to be driven down thanks to a decrease in construction costs combined with lower risks. The project would be based on EPR technology, capitalising on lessons learned and experience from Hinkley Point C 45 • GOVERNANCE During the development phase preceding the FID (1), EDF's stake is 80% and CGN's is 20%. EDF has planned to pre-finance development up to its share of an initial budget of £458M. The FID is likely to be made by mid-2022. In the event of a postponement of the decision, an agreement should be reached on the financing of the additional costs incurred The project is based on the assumption that third party investors will invest a very large majority and EDF plans, at the date of the FID, to become a very minority shareholder, with corresponding limited rights and to deconsolidate the project from the Group's financial statements (including in the calculation of the economic indebtedness by the rating agencies). At this stage, it is not certain that the Group will achieve this objective Securing the appropriate risk-sharing mechanism and ultimately the corresponding financing structure ahead of the FID is therefore key for the project, the UK Government and the current shareholders. EDF's ability to make a FID on Sizewell C and to participate in the financing of this project beyond the development phase could depend on the operational control of the Hinkley Point C project, on the existence of an appropriate regulatory and financing framework, and on the sufficient availability of investors and funders interested in the project. To date, none of these conditions are guaranteed Failure to obtain the appropriate financing framework and appropriate regulatory approval could lead the Group not to make an investment decision or to make a decision under less than optimal conditions • PROGRESS The Development Consent Order (DCO) examination started in April 2021. A decision is expected by April 2022 from the UK's Secretary of State. The development consent order document includes a very ambitious target of savings on construction costs to take into consideration the fact that Sizewell C is a second of a kind UK government announcements in Q4 2020 to prepare for carbon neutrality in 2050 with the aim of taking a final investment decision on at least one large scale nuclear power station project by the end of Parliament period (2024) The UK government has stated that it will enter into talks with EDF on the funding of Sizewell C project as it reviews options for achieving this ambition The UK government also stated that it continues to review financing options for new nuclear power, including the regulated asset base (RAB) nuclear financing model Moreover, given the scale of the financial challenge, the UK government could consider participating in financing during construction, provided there is a benefit for consumers and taxpayers (1) Final Investment Decision EDF SALES FIRST QUARTER 2021 21#22Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets LAUNCH OF THE EXCELL PLAN Targeting excellence in the France nuclear sector Announced in late 2019 and launched in May 2020, the objective of the excell plan is to enable the French nuclear sector to attain the highest levels of rigor, quality and excellence in order to succeed in major new projects and the existing nuclear fleet LE PLAN excell Excellence nucléaire In 2020, the Group led 10 transformation projects, enabling it to implement the commitments made in December 2019 and make 25 new commitments for mid-2021 based on five main pillars: SKILLS building in the sector MANUFACTURING & ASSEMBLY guaranteed right 1st time GOVERNANCE state of the art project LE PLAN excell Excellence nucléaire SUPPLY CHAIN partnership, results-based relationship with suppliers Quality and safety enhanced by STANDARDISATION and replication AMBITIONS Divide by 10 at least the study and manufacturing repairs for the first EPR2 pair (vs Flamanville 3) Secure the gains forecast in terms of costs and times for Sizewell C and the first EPR2 pair (vs Hinkley Point C) Sustainably recover control of welding operations at our new constructions and those installed (welding plan) SOME FIRST ACHIEVEMENTS IN 2020 Governance: implementation of new nuclear Major Projects Control to ensure maturity at each milestone Skills: more cross-cutting engineering/operational courses and four to six month-long field courses for all beginner engineers. Commitment and by-laws defined for the Nuclear Occupations University. Framatome's creation of a Welding Excellence Centre Manufacturing: road map for EDF ISO 19443 certification. Implementation of an "excell in quality" plan at Framatome Supplier chain: profit-sharing contracts based on simplified specifications. Initiatives taken with "France Relance" to consolidate the sector Standardisation: streamlining of equipment references, with initial results visible at EPR2 EDF ANNUAL RESULTS 2020 22#23Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales EXISTING NUCLEAR FLEET AND "GRAND CARÉNAGE" PROGRAMME A COMPETITIVE ENERGY MIX GRAND CARÉNAGE PROGRAMME Industrial strategy to continue the operation of plants after 40 years for a competitive energy mix: • • Operational data and markets Technical capacity of the plants to operate beyond 40 years supported by international benchmarks for similar technologies Extension from 40 to 50 years of the depreciation period of the 900MW nuclear fleet (except Fessenheim) accounted as of 1 January 2016: the Tricastin 1 and Bugey 2 (back to the grid on 15 February 2021) reactors are the first to have successfully completed their 4th ten-year inspection and thereby crossed the 40-year milestone. Strategy confirmed by the guidelines given by multi-year energy programme (PPE) Programme integrating the totality of the investments in the existing nuclear fleet over the 2014-2025 period, and beyond. • In 2015, initial investment programme on the 2014-2025 period was estimated at € 201355bn (1) and was optimised and revised to € 201345bn (€48.2bn in current euros) in 2018. • In October 2020 (2), it was adjusted at €49.4bn in current euros on the same 2014-2025 period. The new cost estimate accounts mainly for the first findings on the works to be conducted in the context of the ongoing review process related to the fourth periodic safety review of the Group's 900MW reactors which was concluded with the ASN positive decision rendered on 23 February 2021. The review focuses on studies, modification work and initially unplanned additional equipment seeking to improve safety levels. Moreover, the estimate factors in the expected increase in the duration of planned maintenance outages including ten- year and partial inspections. The costing also draws on prior year experience as well as the impact of the health crisis as estimated in 2020, applied to 2020-2022 (3). €m 6.000 5.000 4.000 3 000 2 000 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Current figures €49.4bn 2026 2027 2028 2029 2030 (1) The figures presented by the French Cour des Comptes in its report of 10 February 2016 cover a longer time horizon, up to 2030, and included, beyond the investment, operating and maintenance expenses. Both assessments are consistent, as stated by the Cour des Comptes in its report. Indeed, among the overall estimates calculated by the Cour des Comptes and amounting to close to €2013 100 billion for the 2014-2030 period, the investment -expenditures estimated at € 201374.73 billion should be distinguished from the operating expenditures estimated at €201325.16 billion. Within the €201374.73 billion of investment expenses between 2014 and 2030, €201355 billion are dedicated to the 2014-2025 period, which allows the two estimates established by the EDF group and the Cour des Comptes to be connected (2) See press release of 29 October 2020 (3) This does not include any subsequent lockdown or other restrictive measures affecting activity EDF SALES FIRST QUARTER 2021 23#24Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated financial statements Financing & cash management Operational data and markets EDF, ACTOR IN THE HYDROGEN SECTOR Hydrogen is a key vector in the energy transition: it could meet 20% of worldwide energy demand in 2050 (1) Complementarity with the EDF's low carbon mix EDF group's positioning on this market in the line with the objective of carbon neutrality Favourable context Government incentives in several European countries (France €7bn) Ambitions: €220m gross investments (2) for the 2021-2024 period for mobility (help collectivities in the supply for buses, trucks, etc.) and industrial projects (refinery, chemistry, cement work, etc.) McPhy Driving clean energy forward INDUSTRIAL AND COMMERCIAL PARTNERSHIP WITH MCPHY (14.1% OWNED TO DATE BY EDF) Leading player in the hydrogen sector A complete range of solutions: . • • Electrolysers Hydrogen charging stations Storage (1) McKingley report - Hydrogen Council 2019 (2) So €65M net investments eDF ANNUAL RESULTS 2020 hynamics EDF GROUP GROUP'S SUBSIDIARY PRESENT ACROSS THE VALUE CHAIN EDISON EDF GROUP HYDROGEN IN ITALY 2020 achievements • 1st commercial contract for Hynamics to install a production and distribution station for green hydrogen produced by electrolysis to power urban transport network buses Hynamics, key partner in a 30 MW electrolyser project in Germany: H2 production from offshore wind power for a refinery World presence In Italy, green hydrogen projects in partnership, of which refineries or steelworks decarbonation and hydrogen distribution and alimentation in public transport (trains and buses) 24#25Strategy and investments ESG Renewables COMPARATIVE CREDIT RATINGS Moody's ratings Regulated France Generation and supply Consolidated sales Operational data and markets A1 EDF S&P ratings BBB+ stable (1) A2 Engie BBB+ stable Baa1 stable A3 EDF Vattenfall Vattenfall BBB+ stable SSE BBB+ stable A3 negative Baa1 negative Moody's ratings A3 negative (2) Fitch ratings A- negative (3) A-stable n.d. BBB stable Engie Iberdrola BBB+ stable Baa1 stable BBB+ stable Baa1 Iberdrola SSE Enel BBB+ stable Baa1 stable A- stable Enel E.ON BBB stable Baa2 stable BBB+ stable Baa2 E.ON Uniper BBB negative n.d. n.d. RWE n.d Baa2 stable BBB+ stable Baa3 BBB- BBB BBB+ A- A A+ S&P ratings Sources: rating agencies as of 11/05/2021 (1) Update of the rating and outlook of EDF Group by S&P on 10 March 2021 (2) Update of the rating and outlook of EDF Group by Moody's on 24 April 2020 (3) Update of the rating and outlook of EDF Group by Fitch on 3 September 2020 eDF SALES FIRST QUARTER 2021 25#26ESG#27Regulated France Generation and supply Consolidated financial statements Financing & cash management Operational data and markets Strategy and investments ESG Renewables CARBON NEUTRALITY TRAJECTORY CARBON NEUTRALITY & CLIMATE: AT THE HEART OF THE EDF'S RAISON D'ÊTRE In line with it raison d'être, EDF's ambition is to achieve carbon neutrality by 2050 In 2020, EDF group announced a commitment to move away from coal- based generation by 2030 in all geographical areas In 2020, the Group fixed new objectives of reduction of greenhouse gas emissions by 2030, covering both direct (scope 1) and indirect (scope 2 and 3) emissions. On 7 December, these objectives were validated as part of a "Well Below 2°C" by the Science-Based Target initiative In coherence with these objectives validated by STBI, EDF group set objectives for 2030: 25 MtCO2eq for Group's scope 1 emissions in 2030 with an intermediary milestone in 2023 of 28-30 MtCO2eq. This range takes into account the uncertainties related to post health crisis scenarios 35gC02/kWh Group carbon intensity (heat and electricity generation) by 2030 Reduction of 28%, compared to 2019, of all the scope 3 emissions by 2030 The continuous reduction in Group CO2 emissions, with a Group intensity carbon of 51g/kWh at end-December 2020, confirms EDF'S commitment to carbon neutrality EDF ANNUAL RESULTS 2020 DIRECT GREENHOUSE GAS EMISSIONS (SCOPE 1) in MtCO₂eq (1) 81 51 32 28-30 25 (2) 2013 2017 2018-2020 2023 2030 2050 2023 milestone 2030 milestone 2050 objectives (1) Carbon neutrality would be achieved in 2050 thanks to almost zero direct CO2 emissions, as much as possible a reduction in indirect emissions and offsetting of residual emissions by projects with negative emissions (2) Average emissions from 2018 to 2020 27 RSE#28Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated financial statements Financing & cash management Operational data and markets CSR COMMITMENTS ACCORDING TO THE 4 CHALLENGES OF THE COMPANY RAISON D'ÊTRE To build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive wellbeing and economic development (1) CARBON NEUTRALITY & CLIMATE • An ambitious carbon trajectory • Carbon offsetting solutions • Adapting to climate change . 13 CLIMATE ACTION 7 AFFORDABLE AND CLEAN ENERGY Development of electricity and energy services CARBON NEUTRALITY & CLIMATE CSR WELLBEING & SOLIDARITY PLANET RESOURCES PRESERVATION • Biodiversity • • Responsible land management Integrated and sustainable water management Waste and circular economy EDF ANNUAL RESULTS 2020 CLEAN WATER AND SANITATION 15 LIFE PLANET RESOURCES PERSERVATION ON LAND RESPONSIBLE DEVELOPMENT (1) EDF's Raison d'être, approved in the Shareholders' Meeting of 07/05/2020 8 DECENT WORK AND ECONOMIC GROWTH M WELLBEING & SOLIDARITY • Health and safety for all • Equality, diversity and inclusion • Ethics and human rights • 9 AND INFRASTRUCTURE 12 RESPONSIBLE CONSUMPTION AND PRODUCTION • Energy precariousness and social innovation RESPONSIBLE DEVELOPMENT • Dialogue and consultation Responsible regional development • Development of industrial sectors Sustainable and inclusive digitalisation 28#29Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated financial statements Financing & cash management Operational data and markets GREEN BONDS: EDF'S COMMITMENTS — EDF IS A LEADING ISSUER IN THE GREEN BOND MARKET - 1 st company to issue a Green Bond in 2013 - Active member in the governance of Green Bond Principles Co-founder of the Corporate Forum on Sustainable Finance 2 updates to the Green Bond Framework in order to help create market best practices GREEN BOND FRAMEWORK 2013 November 2013: 1st issue of a Green Bond by EDF €1.4bn, 7.5-year maturity October 2015: 2nd issue $1.25bn, 10-year maturity Construction of new wind power and PV projects EDF ANNUAL RESULTS 2020 GREEN BOND FRAMEWORK 2016 October 2016: 3rd issue ■ €1.75bn, 10-year maturity January 2017: 4th issue, in 2 tranches ¥19.6bn, 12-year maturity ¥6.4bn, 15-year maturity Construction of new wind power and PV projects Modernisation and improvement of existing hydropower facilities in France — - GREEN BOND FRAMEWORK 2020 Applicable starting January 2020 - Update of the Framework in line with the CAP 2030 strategy - September 2020: 5th emission €2.4bn, 4-year maturity New generation projects in renewable energies Modernisation and improvement of existing hydropower facilities in France and abroad Energy efficiency projects Biodiversity preservation projects 29 RSE#30Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated financial statements Financing & cash management Operational data and markets EDF'S GREEN BOND FRAMEWORK FOLLOWS BEST MARKET PRACTICES AND GREEN BOND PRINCIPLES (GBP) - - -- 1 - USE OF FUNDS Development of new renewable generation capacities Renovation and modernisation of existing hydroelectric assets with the aim of: improving their efficiency, flexibility and ability to contribute to meeting the needs of electricity systems that evolve as the share of intermittent means of generation increases in the energy mix, ■ adapting the existing hydropower assets to changes in climate Energy efficiency solutions to allow all EDF customers to make better use of energy, mainly through its subsidiary Dalkia Biodiversity, to enable EDF to continue to pursue its goal of having a positive impact on biodiversity, from simple prevention measures to measurable improvements 4- REPORTING At half-yearly intervals: allocation of funds Annually: allocation of funds + list of projects financed by the Green Bond and aggregated impacts (at the level of each green issue) - 2 - PROJECT SELECTION PROCESS A internal organisation dedicated to the evaluating and ensuring that only Eligible Projects as defined in the Use of Funds section are eligible to receive Green Bond financing Respect of specific environmental and social criteria Investments may include: tangible or intangible assets ■ Investments (including acquisitions mainly related to new developments/technologies) ■ certain operating expenditures such as R&D and investments in the maintenance of green assets 3 - FUND MANAGEMENT Funds are managed and monitored separately until they are allocated to eligible projects They are invested in SRI funds until their allocation 5- EXTERNAL REVIEW External ex-ante opinion: "reasonable" level of assurance delivered by Vigeo Eiris on EDF's Gren Bond Framework (their highest level), Ex-post certification: annual report issued by an external auditor, Deloitte, on the allocation of funds and the compliance of Green Bond issues with the Green Bond Framework and the Green Bond Principles, and the conformity of the CO2 emissions determination modality eDF ANNUAL RESULTS 2020 30 RSE#31Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated financial statements Financing & cash management Operational data and markets GREEN BONDS: PROCEEDS ALLOCATION Allocated funds as of 31/12/2020 Issue date (1) Maturity Nominal amount Currency (in years) (in million of New renewable capacities (2) Investments in hydro facilities (2) Energy efficiency projects Biodiversity projects Total (% of raised funds) currency units) Nov. 2013 7.5 1,400 EUR 1,400 Not applicable Not applicable Not applicable 1,400 (100%) Oct. 2015 10 1,250 USD 1,250 Not applicable Not applicable Not applicable 1,250 (100%) Oct. 2016 10 1,750 EUR 1,248 502 Not applicable Not applicable 1,750 (100%) Jan. 2017 12 19,600 JPY 8,149 11,451 Not applicable Not applicable 19,600 (100%) Jan. 2017 15 6,400 JPY 5,872 528 Not applicable Not applicable 6,400 (100%) Sept. 2020 4 2,400 EUR 2,246 110 28 2,384 (93%) EUR Green Bond issued in September 2020: 93% of the funds allocated at end-December 2020 on the net proceed total of €2,559M Breakdown (in €M) Country Biodiversity Hydro Renewables Total United States 869 869 Entity EDF ENR Total Look-back amount 3 England 728 728 Luminus 7 o/w renewable capacities o/w biodiversity projects 1,477 1,461 16 France 28 110 518 656 EDF Hydro Luminus 7 7 Israel 74 74 EDF Renewables Total 138 2,236 2,384 Canada 50 Total 28 110 2,246 50 2,384 (1) Date of funds reception eDF ANNUAL RESULTS 2020 (2) Since 2019, the Green Bonds funds are financing eligible investments of Luminus in Belgium: construction of wind farms and renovation of a hydroelectric power plant; and also for EDF ENR: installation of solar awnings 31 RSE#32Consolidated financial statements Financing & cash management Operational data and markets Strategy and investments ESG Renewables Regulated France Generation and supply GREEN BONDS: AVOIDED CO₂ EMISSIONS Part of the total Gross total capacity Issue date Funds raised Funds allocated Projects financed by the Green Bond investments financed by the Green Bond of GB funded projects (in MW) Expected output (in TWh/year) Expected avoided CO₂ emissions (in Mt/year) Gross (1) Net (2) Gross (1) Net (2) Gross (1) Net (2) Nov. 2013 €1.4bn €1.4bn 13 EDF Renewables projects (3) 59% 1,529 976 6.0 4.1 2.21 1.55 Oct. 2015 $1.25bn $1.25bn 7 EDF Renewables projects (3)(4) 58% 1,107 815 4.6 3.3 2.53 1.83 Oct. 2016 €1.75bn €502m ¥14,021m Jan. 2017 ¥26,000m ¥11,979m €2,246m €1,248m 10 EDF Renewables projects (4)(5) 600 EDF Hydro operations 5 wind projects (5) (2 EDF renewables, 3 Luminus) 206 EDF Hydro operations + 1 Luminus hydro project 14 projects (5) + 4 portfolio purchases by EDF Renewables, 54% 1,450 962 5.3 3.5 2.42 1.61 100% (6) 903 903 0.2 (7) 0.2 (7) 0.01 (7) 0.01 (7) 15% 137 86 0.4 0.26 0.17 0.12 87% 142 133 0.1 0.05 0.01 0.01 77% Sept. 2020 €2.4bn 2 EDF ENR projects, 2 Luminus projects 1,355 1,088 4.0 3.1 1.59 1.15 €138m 200 EDF Hydro operations 100% 123 123 0.03 0.03 0.001 0.001 Total 6,746 5,084 20.6 14.6 8.94 6.27 The detailed list of EDF Renewables projects and hydraulic investment operations by category will be published in the 2020 EDF URD document (4) Of which one project received funding from both Green Bonds of October 2015 and October 2016 (5) Of which two projects received funding from green Bonds of October 2016, January 2017 and September 2020 (6) Share of investments funded by EDF taken in full, including half of Romanche-Gavet investment amount (1) Sum of the gross impacts of each project funded by the corresponding Green Bond (2) Sum of the impacts of each project weighted by the share of total investment funded by the corresponding Green Bond (3) Of which one project received funding from both Green Bonds of November 2013 and October 2015 EDF ANNUAL RESULTS 2020 (7) Only linked to additional output expected from development investments, including half of the additional output expected from the Romanche-Gavet project 32 RSE#33Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated financial statements Financing & cash management Operational data and markets NON-FINANCIAL RATINGS Constant progression of the rating: SAM (+4 points), V.E (ex Vigéo Eiris) +5 points in 2020 and 3rd in the sector instead of 6th, Ecovadis (+5 points in 2020 and obtaining of the platinum medal) eDF increase compared to 2019 EDF maintenance of the rating compared to 2019 Sector average Maintenance in the major non-financial indexes (non-exhaustive list): DJSI World, STOXX ESG Leaders, FTSE4Good, MSCI: CLIMATE CHANGE, ESG SCREENED, ESG UNIVERSAL, WORLD CLIMATE CHANGE, CLIMATE CNG EU PARIS ALIGNED... Euronext VE: WORLD120, EUROZOE 120, EUROPE 120, France 120 A A- 86 84 B 78 A 71 C 61 BBB CDP DRIVING SUSTAINABLE ECONOMIES CDP DRIVING SUSTAINABLE ECONOMIES Climate Change 2020 Water Security 2020 SUSTAINALYTICS MSCI 2020 2020 57 49 43 EDF major international coalitions wbcsd BUSINESS AMBITION FOR 1.5°C EDF ANNUAL RESULTS 2020 OUR ONLY FUTURE EV 100 by THE CLIMATE GROUP ESG Data, SAM Ratings & vigeqiris V.E ecovadis Benchmarking Our journey continues here 2020 2020 2020 WE MEAN BUSINESS economic opportunity through bold climate action act+nature international 33 RSE#34RENEWABLES#35Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets EDF, THE EUROPEAN LEADER IN RENEWABLE ENERGY AS OF 31/03/2021 NET INSTALLED CAPACITY: 34.3GW (1)(2) 5.0GW 26.5GW 0.8GW 1.1 GW A DIVERSIFIED MIX WITH 34.3GW IN OPERATION CAPACITY BY SECTOR - 22.5GW of hydropower 11.6GW of wind and solar power 0.2GW others (biomass, geothermy, ...) HYDROPOWER Leading European producer of hydropower More than 400 production sites worldwide A GLOBAL 0.9GW LEADER IN WIND - 2.3GW SOLAR POWER 0.2GW OTHER AND SOLAR ENERGY 9.3GW WIND 34.3 GW (net) 22.5GW (3) HYDRO EDF SALES FIRST QUARTER 2021 0.5GW gross commissioned in Q1 2021 8.1 GW currently under construction (2.1GW in onshore wind power, 2.1GW in offshore wind power, 3.9GW in solar power) (1) Installed capacity shown as net, corresponding to the consolidated data based on EDF's participation in Group companies, including investments in affiliates and joint ventures (2) +1GW compared to end-2020 of which 0.5GW thanks to the acquisition of the remaining 70% stake in e2i (3) Including sea energy: 0.24GW 35#36Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets A PORTFOLIO OF WIND AND SOLAR PROJECTS OF ~60GW (1) AS OF 31/12/2020 A PROJECT PORTFOLIO THAT IS DIVERSIFIED GEOGRAPHICALLY... 25.1GW 4.9GW 20.7GW . AND BALANCED BETWEEN WIND AND SOLAR 8.2 GW (14%) Wind offshore 18.2GW (30%) Wind onshore ~60GW (gross) 33.4 GW (56%) Solar 4.5GW 4.6GW Portfolio of projects (2) in GW Portfolio breakdown by date of start of construction in GW (3) 24 60 (2) 29 (1) Pipeline excluding capacities under construction. Gross data corresponding to 100% of the capacity of the projects concerned. (2) All the projects in prospection phase included in the pipeline, starting 2020 (3) 2020 portfolio start of construction potential, not probability-based eDF SALES FIRST QUARTER 2021 ■Secured *** ■Under development ** ■Prospection phase * * Start of land identification and preliminary studies ** Sufficient land securisation and start of technical studies *** Securing a power purchase agreement (following a call for tenders, auction, OTC negotiation) 60 60 15 19 26 Total 2021-2022 2023-2025 >2025 36#37Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets OFFSHORE WIND DEVELOPMENTS IN FRANCE: 5 PROJECTS FOR A TOTAL CAPACITY OF MORE THAN 2GW, INCLUDING 1.5GW UNDER CONSTRUCTION d AAAA Ongoing construction of Saint Nazaire offshore wind farm (started in 2019, expected commissioning in 2022, ~€2bn total investments, partnership with Enbridge) MAJOR ACHIEVEMENTS IN 2020 and 2021: • Fécamp offshore wind farm • . Start of construction in June 2020 Expected commissioning in 2023 ~ €2bn total investment, partnership with Enbrigde and WPD Calvados offshore wind farm (Courseulles-sur-Mer) • • Start of the construction in February 2021 Expected commissioning in 2024 ~€2bn total investment, partnership with Enbridge and WPD Further developments: Ongoing development of Dunkirk offshore wind farm (~1bn€ total investment, partnership with Enbridge and Innogy) Courseulles-sur-Mer Fécamp Dunkirk ~600MW ~ 500MW & ~ 450MW Fécamp Cherbourg Le Havre Caen-Ouistreham La Turballe Saint-Nazaire & Saint Nazaire 80 turbines 480MW AAAA Offshore installed wind project Floating offshore wind project Maintenance base Industrial base Development in progress of Provence Grand Large, a floating wind pilot project: contract awarded to EDF Renewables for the installation of three 8MW turbines on floating foundations off the coast of Fos-sur-mer Provence Grand Large 3 turbines 25 MW EDF SALES FIRST QUARTER 2021 37#38Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales INTERNATIONAL OFFSHORE WIND DEVELOPMENTS: NEARLY 4GW IN DEVELOPMENT, 450MW UNDER CONSTRUCTION IN SCOTLAND Codling project in Ireland Equity investment of 50% Project under development in South Dublin, located on 2 adjacent sites Irish CfD ("RESS") auction targeted for 2022 Total capacity: ~1GW Neart Na Gaoithe project in Scotland Start of construction in 2019 Total capacity: 450 MW (54 turbines) Commissioning scheduled for 2023 Partnership with the Irish utility ESB at 50% Total investment: ~£2bn Contract for Difference (CfD) over 15 years (£114.39/MWh in 2012₤) Operational data and markets Atlantic Shores project in the United States Ongoing developments off the coast of New Jersey Joint-venture with Shell Secured a 742 km² Lease Area 12-16 km off the shoreline in shallow water depth (~20m) New Jersey RFP bid submitted on 10 December 2020 for a maximum of 2.3GW Dongtai IV and V projects in China Joint-venture with China Energy Renewables (ex-shenhua Renewables), a subsidiary of China Energy Investment Corporation Total capacity: 502MW (Dongtai IV: 302MW, Dongtai V: 200MW) Commissioning of Dongtai IV in December 2019, Dongtai V under construction (commissioning planned for 2021) EDF SALES FIRST QUARTER 2021 38#39Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets NET INSTALLED AND UNDER CONSTRUCTION CAPACITY - 31 MARCH 2021 405 MW Legend: 618 MW 42 MW 3,427 MW 636 MW 1,461 MW 1 MW 45 MW 173 MW 386 MW 65 MW 256 MW 238 MW 280 MW 18 MW 12 MW 1,591 MW 18 MW 254 MW 318 MW -114 MW 910 MW 173 MW 205 MW 177 MW 100 MW 162 MW 120 MW 34 MW 497 MW 212 MW 934 MW 89 MW 170 MW 420 MW 75 MW 299 MW 25 MW 314 MW 58 MW 131 MW 65 MW 199 MW 56 MW 30 MW 303 MW 17 MW Wind installed (MW) Solar installed (MW) Wind and solar under construction (MW) EDF SALES FIRST QUARTER 2021 Gross Installed capacity 17,682 MW Net 11,593 MW Capacity under construction 8,119 MW 4,541 MW Total 25,801 MW 16,134 MW 39#40Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets INSTALLED CAPACITY AND CAPACITY UNDER CONSTRUCTION, WIND & SOLAR, AS OF 31 MARCH 2021 Gross (1) Net (2) (in MW) 31/12/2020 31/03/2021 31/12/2020 31/03/2021 Wind 12,889 13,328 8,379 9,280 Solar 4,254 4,353 2,199 2,313 Total installed capacity 17,142 17,682 10,578 11,593 Wind under construction 4,126 4,205 2,814 2,668 Solar under construction 3,865 3,914 1,928 1,873 Total capacity under construction 7,991 8,119 4,742 4,541 NB: The values correspond to the expression to the first decimal or integer closest to the sum of the precise values, taking into account rounding (1) Gross capacity: total capacity of the facilities in which EDF Renewables has a stake (2) Net capacity: capacity corresponding to EDF Renewables' stake EDF SALES FIRST QUARTER 2021 40 40#41REGULATED#42Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets A REGULATED BUSINESS MODEL IN A SOLE AUTHORIZED STATE CONCESSION OPERATOR MODEL Regulated activities represent over €5bn EBITDA Key assets in France Breakdown of EBITDA for EDF's regulated activities in 2020 15% FRENCH ISLAND, ACTIVITIES (1) €5.2 bn 3% és 82% ENEDIS L'ELECTRICITE EN RESEAU EneDis L'ELECTRICITE EN RESEAU French island activities (1) (1) French island electrical activities include Corsica, Martinique, Guadeloupe, French Guiana, Reunion and Saint Pierre and Miquelon, Saint Barthélémy, Saint Martin and Ponant islands EDF ANNUAL RESULTS 2020 és - - The biggest distribution grid in Europe The main distribution grid in France: connected to 95% of the mainland metropolitan population (the remaining 5% covered by ~170 local distribution companies) A regulated business model: ENEDIS has the national monopoly on 421 concession contracts. A large majority of contracts have already been renewed for a period of 25 to 30 years Represents about a quarter of EBITDA, investments and headcount of EDF Group - - Integrated business model including generation, electricity purchases, distribution (via concessions) and supply at the regulated tariff Grid activities: similar remuneration to that of Enedis Generation activities: for assets commissioned before 06/04/2020, remuneration of 11%. For assets commissioned after 06/04/2020, between 7% and 12% Grid of around 15,000 km (Strasbourg region) - $560,000 delivery points Around 70% of EBITDA from regulated distribution activities 42#43Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets ENEDIS (1): DISTRIBUTION NETWORK LEADER IN EUROPE ~1.4M -37M MAJOR 333 EneDis 30 millionth DISTRIBUTION NETWORK km PLAYER IN customers (2) of lines TWh distributed #1 electricity network in Europe Linky meter installed in January 2021 EUROPE WELL POSITIONED VS PEERS... (1) (2) EDF ... in terms of number of customers ... In millions of delivery points 37 31 22 22 66.6 12 11 EneDis e-distribuzione e.on e-distribución i⚫DE Grupo IBERDROLA Data from operators' 2019 annual reports Enedis is an independent EDF subsidiary as defined in the French Energy Code Corresponds to the number of delivery points ANNUAL RESULTS 2020 (3) (4) 475k of connected ENR generation installations ~38,600 employees as in quality of supply SAIDI - Outage time, excluding exceptional events, in minutes per customer per year 116.0 0% (3) 0 65.8 23.1 (4) 66.0 67.5 average 2016 CEER data including transport outage time Indicator including transport, excluding local distribution companies. The outage time in ENEDIS scope was 64 minutes Specific to Germany, whose network is much denser than in other countries 43#44Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets ENEDIS (1) TOP-TIER OPERATIONAL PERFORMANCE : Top-tier operational performance... Outage time (2) ... which means it is frequently awarded the regulatory incentive bonus The regulatory incentive bonus has been systematically obtained since 2014 (in €m) 22 82 19 64 61 65 64 64 64 50 25 0 2014 2015 2016 2017 2018 2019 -25 58 -50 2013 2014 2015 2016 2017 2018 2019 2020 TURPE 4 TURPE 5 Outage time stable since 2014 at around 64 minutes Increase in MIN/MAX from TURPE 5, from €80m for TURPE 4 to €194m for TURPE 5: this increases the remuneration potential in the event of good operational performance. (1) EDF ANNUAL RESULTS 2020 (2) Enedis is an independent EDF subsidiary as defined in the French Energy Code Excluding exceptional events and transport grid incidents 44#45Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets ENERGY TRANSITION AT THE SERVICE OF THE TERRITORIES 2020-2025 INDUSTRIAL AND HUMAN PROJECT BASED ON EIGHT COMMITMENTS ALIGNED WITH UN OBJECTIVES EGALITE ENTRE DECENT WORK AND • LES SEXES CONOMIC OROTH Achieve 70% of the employee QINDUSTRY, NOVATION AND INFRASTRUCTURE commitment index by 2024 (vs 58% in 2019) Committed to its employees and partners Committed to carbon neutrality 8 DECENT WORK AND • FONOMIC OR0% TH Aiming for zero serious or fatal accidents for teams and service providers PARTNERSHIPS • FOR THE GOALS Create 20 new activities (energy communities, electric transport solutions, data services, etc.) as part of projects and/or partnerships EDF ANNUAL RESULTS 2020 Focused on innovation EneDis An ESG champion Committed to customers • Enabling 100% of customers to monitor their consumption so as to better control it thanks to the smart meter, as well as to benefit from an innovative offer from their supplier. Reduce Enedis' carbon footprint by 20% by 2025 and achieve carbon neutrality in 2050 9 INDUSTRY, INNOVATION AND INFRASTRUCTURE 12 RESPONSIBLE CONSUMPTION AND PRODUCTION 18 7 AFFORDABLE AND CLEAN ENERGY CUNATE 13 ACTION 11 SUSTAINABLE CITIES AND DOWNUNITIES RA 12 RESPONSIBLE CONSUMPTION AND PRODUCTION TERRESTRE • Have one of the best value-for- money propositions in Europe Halve the time it takes to connect customers by 2022 compared to 2020 Reconnecting 90% of customers within two days in the event of a major climate incident on the grid DECENT WORK AND ECONOMIC GROWTH INDUSTRY, INNOVATION AND HERASTRUCTURE 10 REDUCTION DES 10 REDUCTION DES INÉGALITÉS SUSTAINABLE CITIES AND DOWNUNITIES 11 INÉGALITÉS (II 45#46Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets ENEDIS: TURPE 6, A MATURE REGULATORY FRAMEWORK In €bn Key elements of the remuneration: A cost + remuneration approach (2021 estimated figures from the CRE deliberation) 0.1 14 12 4.9 10 8 4.6 Adjustment for exceptional items (both upward and downward) vs. authorised EBIT 14.1 6 4 2.9 2 1.8 0 Regulated EBIT D&A Net operating (1) expenses Capital costs Electrical system expenses (2) CRL Linky and CRCP (3) Delivery revenue (4) Tariff indexation principle (TURPE 6) Change in the consumer price index (criteria: inflation) CRCP balance (3): difference for non- controllable expenditure between forecast and actual + incentive regulation Inflation rate for the year + 0.31% Calculating the k factor (5) capped at +/-2% No exposure to variations in distributed volumes (number of customers, TWh distributed including weather impact) vs trajectory defined by the regulator Incentive regulation: productivity gains, quality of service and continuity of supply, R&D and smart grids Income and expense (6) largely secured by the mechanism of the Income and Expense Adjustment Account (CRCP): 0 % of revenues covered by the CRCP: % of expenses covered by the CRCP: (1) Net revenue excluding transport (4) (2) Power system charges = transport purchase from RTE + purchase of network losses French standard data. The difference with IFRS mainly corresponds to Enedis' contribution to the Electricity Equalization Fund (3) EDF ANNUAL RESULTS 2020 CRCP = expense and income adjustment account; CRL Linky = Linky regulated levelling account (Compte Régulé de Lissage [CRL]) (5) (6) k factor = percentage change in the fee table resulting from the clearance of the CRCP balance Capital charges + operating charges + electric system charges 46#47Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets TURPE 6 REMUNERATION STRUCTURE: A FAVOURABLE RISK PROFILE A remuneration mechanism based on a guaranteed return ENEDIS remuneration structure in 2020 according to the TURPE 6 (6) TURPE 6 in continuity with the previous TURPE RAB Enedis excl. Linky (€53.7bn) Assets financed by third parties (€44.9bn) 2.5% RE (€8.8bn) 4.8% Linky RAB (€2.7bn) 10.25% (4) ENEDIS RAB EXCL. LINKY 2.5% (1) nominal return before tax on €53.7bn of RAB + ENEDIS RE EXCL. LINKY 2.3% (2) nominal return before tax on €8.8bn of Regulated Equity + LINKY RAB 7.25% (3) of base nominal return before tax + 3.0% (3) premium on €2.7bn of RAB Return on capital depends little on interest rate trends: stable at 2.5% since TURPE 4 Return on regulated equity: decrease from 4 to 2.3% to take into account the reduction of the risk-free rate and the corporate tax rate in France CRCP: mechanism globally validated. The entry CRCP of TURPE 6 represents a receivable of €588m (7) to be spread over the four years of TURPE 6 Incentive regulation: targets raised, notably quality of service Main new features: annual tariff indexation includes 0.31% remuneration above inflation. 01/01/2021 figures REGULATED EBIT (1) Asset margin = Asset beta x Market risk premium / (1 - tax rate) = 0.36 x 5% /(1 - 26.47%) = 2.5% (2) Additional rate of remuneration applied to RE = Risk-free rate/ (1 - Tax rate) = 1.7% /(1 - 26.47%) = 2.3% (3) Remuneration rate for Linky assets = Base rate + expected remuneration bonus = 7.25% +3% = 10.25% (4) Assuming award of the expected remuneration bonus (5) Capital costs + operating costs + electrical system costs (6) Applicable from 1 August 2021 (7) CRE deliberation EDF ANNUAL RESULTS 2020 47#48Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets STEADY GROWTH IN RAB AND REGULATORY EQUITY (in €bn) 60 Annual change in RAB 56 99 52 52.2 48 44 (in €bn) 12 10 10 00 8 RAB at 01/01/2020 CAPEX commissioned Assets allowances (1) RAB D&A Asset exits Annual change in RE 6 8.3 Of which depreciation or licensor financing 4 2 0 Regulated equity at 01/01/2020 CAPEX commissioned Regulated equity D&As Others EDF ANNUAL RESULTS 2020 53.7 RAB at 01/01/2021 8.8 Regulated equity at 01/01/2021 2.3 % CAGR 2021-24 +6.8 % CAGR 2021-24 57.5 (2) RAB at 01/01/2024 10.7 (2) Regulated equity at 01/01/2024 (1) Work by concession-granting authorities and transferred to Enedis + c.€4bn for the integration of growing columns excluding concession in 2020 (ELAN law) (2) Estimated figures from the CRE deliberation 48#49Strategy and investments ESG Renewables Regulated LINKY (1) SMART METERS DEPLOYMENT 2014-2021 Investment pattern €bn 0.3 0.1 0.1 0.8 0.8 0.7 0.6 0.5 2014 2015 2016 2017 2018 2019 2020 2021(2) Linky-Remuneration 7.25% Nominal rate of return on assets before tax + 3% → almost guaranteed Additional premium (3) (1) (2) Linky is a project led by Enedis, an independent EDF subsidiary as defined in the French Energy Code Figures established on the basis of the best view to date of the recovery post Covid-1 France Generation and supply Consolidated sales Operational data and markets Key elements • Goal of about 34.2 million Linky meters installed by end-2021. The projected trajectory for 2021 catches up with the remaining backlog from the Covid-lockdown of spring 2020. About €4bn investment over the 2014-2021 roll-out period. Specific regulation over a 20-year period (RAB and Linky-dedicated remuneration). Q1 2021 key points • The 31.2 million delivery points equipped with Linky meters mark was reached at end-March: more than 90% of roll-out target reached at end-March 2021 . Regarding the process of opening the services of installed meters, 95% of the 2015-2021 objective (incentive-based regulation) is reached at end march-2021. (3) Additional premium of 3% / Penalties of -2 %, depending on the respect of costs, deadlines and performance of the system during the deployment phase EDF SALES FIRST QUARTER 2021 49#50Operational data and markets 400 200 0 -200 -400 -600 -800 -1 000 800 600 1 000 Strategy and investments ESG EDF ANNUAL RESULTS 2020 2017 2018 2019 2020 2021 2022 2023 2024 Linky's cash flow is negatively impacted until 2021 as a result of the roll-out and the Regulated Deferred Account mechanism (CRL). Significant contribution from 2022 before peaking around 2025-2027 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Cash flow generated from operations 2035 2036 2037 2038 2039 2040 2041 500 EBITDA 1 000 1 500 2 000 2 500 3.000 3 500 о 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 LINKY: A SIGNIFICANT CONTRIBUTION TO CASH-FLOW FROM 2022 A significant contribution to cash-flow from 2022... EBITDA and cash flow generated from Linky operations (€m) in line with the Linky RAB trend Linky RAB trend (€m) Renewables Regulated France Generation and supply Consolidated sales 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 50#51Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets INVESTMENTS ACCELERATION SUPPORTING EBITDA GROWTH TOTAL GROSS CAPEX (1) (en €bn) ... in a context of development of new uses and ecology transition 2017 ■ Other 2017 +1 % CAGR 2017-20 ■Renewal and upgrades +6 % CAGR 2020-24 2020 2024 Connection and reinforcement REGULATED EBITDA (2) (in €bn) +4,4 % CAGR 2017-20 2020 +6 % CAGR 2020-24 2024 Cim EDF ANNUAL RESULTS 2020 (1) Excl. Linky (2) Regulatory EBITDA excluding weather impacts, etc., which are offset in subsequent years by the CRCP mechanism Electric vehicles Centralised and distributed solar Onshore and offshore wind power Storage Consumer connections 51#52Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets ISLAND ACTIVITIES (1): SPECIFIC REGULATION AND OPERATIONAL PERFORMANCE SUPPORTING STABLE REVENUES MAJOR ASSETS AT THE HEART OF THE TERRITORIES c.3,500 employees 1.2 million customers 38,234 km of grid 5,659 GWh of generation REGULATED ASSETS, OPERATED EFFICIENTLY, GENERATING A STABLE EBITDA Generation assets: 11% remuneration for assets commissioned between 2006 and April 2020 (7.25% before) / between 7% and 12% thereafter (decision expected in Q2 2021) Networks: (FPE (3)) 6.4% return on regulated equity (€0.7bn) - 2.5% remuneration on the RAB (€2.5bn) EDF PEI availability rate as a % Normalised EBITDA * 96.3 95.2 96.2 96.3 Range of €780M / year ** A CONTRIBUTION TO THE ENERGY TRANSITION IN ZNI (2) 2017 2018 2019 2020 * Restated for the effect of the regularisation account (4) ** o/w about a third related to grid activity, and excluding regularisation account Smart meter programme: install and operate 1.2 million smart meters by end 2024. Around 400k smart meters were already installed and operated by the end of 2020: roll-out on schedule. Energy efficiency: sustainable energy-saving measures (insulation, solar water heaters, etc.) with a 2% reduction in consumption in 2019, for example. Decarbonation: integration of renewable energy sources, development and operation of ~30 smart grids, electrification programme in isolated areas. Conversion to liquid biomass of the power plants operating in Port Est, Pointe Jarry and Bellefontaine, as well as the future Larivot plant. (1) French island electrical activities include Corsica, Martinique, Guadeloupe, French Guiana, Réunion and Saint Pierre and Miquelon EDF ANNUAL RESULTS 2020 (2) ZNI = non-interconnected zones (3) FPE: Electricity Equalization Fund [Fonds de Péréquation de l'Electricité], current four-year period from the beginning of 2018 to the end of 2021 (4) CRCP of the FPE 52#53Empty#54Strategy and investments ESG Renewables FRANCE NUCLEAR OUTPUT (in TWh) Cumulative output 2020 Cumulative output 2021 -0.5% 37.4 37.2 January EDF SALES FIRST QUARTER 2021 Regulated France Generation and supply Consolidated sales Operational data and markets -4.3% 70.5 67.5 February -1.3% -2.0% 128.1 126.4 101.2 99.2 March Nuclear output down by -2% mainly due to the Fessenheim plant closing April 54#55Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets FRANCE: UPSTREAM / DOWNSTREAM ELECTRICITY BALANCE OUTPUT PURCHASE In TWh Purchase obligations 17.6 LT&Structured purchases 2.9 Thermal 3.4 Hydro (1) 13.7 136.9 A 3M 2021 vs. 3M 2020 -4.5 -3.4 -0.3 +1.0 +0.2 136.9 Net market sales 21.9 CONSUMPTION / SALES A 3M 2021 vs. 2020 -4.5 -4.1 NOME supply 31.1 -0.2 Structured sales and other (2) 8.6 +0.7 Nuclear 99.2 -2.0 End-customers 75.3 -0.8 NB: EDF excluding French islands electrical activities (1) Hydro output after deduction of pumped volumes: 12.2TWh in Q1 2021 / 11.7TWh in Q1 2020 (2) Including hydro pumped volumes of 1.5TWh in Q1 2021 / 1.8TWh in Q1 2020 EDF SALES FIRST QUARTER 2021 55#56Strategy and investments ESG Renewables FRANCE HYDRO OUTPUT (in TWh) ■2020 cumulative output (1) ■2021 cumulative output (1) + 14.1% 8.5 +13.6% 4.4 5.0 end-January 9.7 end-February Regulated France Generation and supply Consolidated sales Operational data and markets -4.1% 17.1 + 1.5% 16.4 180% 13.5 13.73 (2) end-March 160% Normal hydro conditions level 140% 2020 120% 100% 80% 2021 60% Seasonal mins and max between 2011 and 2020 40% end-April March June Sept. Dec. (1) Hydropower excluding electrical activities on French islands, before deduction of pumped volume consumption. (2) Production after deduction of pumped volume consumption: 11.7TWh in Q1 2020, and 12.2TWh in Q1 2021. EDF SALES FIRST QUARTER 2021 56#57Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets ELECTRICITY SUPPLY IN FRANCE SALES TO END CUSTOMERS (1)(2) in TWh 84.2 76.1 75.3 Local authorities, companies 33.0 and professionals (not at regulated tariffs and including transitional offer) 29.8 30.3 0.4 0.9 1.6 11.0 Local authorities, companies 9.7 6.3 and professionals (at regulated tariffs) (3) Residential 39.8 35.8 37.1 customers (at regulated tariffs) Q1 2019 Q1 2020 Q1 2021 (1) Rounded to the nearest tenth (2) Including EDF's own consumption Blue professional tariff, LDC (Local Distribution Companies) at transfer price and Yellow and Green tariffs, below 36kVA which persist beyond 2015 SALES FIRST QUARTER 2021 eDF Residential customers At market offers 52 57#58Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets ELECTRICITY SUPPLY IN FRANCE - SALES UNDER REGULATED TARIFFS SPLIT SALES TO END CUSTOMERS FOR Q1 2021 (1) (2) in TWh 30.3 LDC (3) transfer price 2.9 Blue non-residential tariff (4) 1.6 3.4 At market offers 6.3 Local authorities, companies and professionals Market offers including transitional offer Residential customers Local authorities, companies and professionals At regulated tariffs Residential customers 37.1 37.1 Blue residential tariff At regulated tariffs (1) Rounded to the nearest tenth (2) Including EDF's own consumption (3) Local Distribution Companies (LDCs) (4) Of which Yellow and Green tariffs for 0.03TWh - Tariffs lower than 36 KVA eDF SALES FIRST QUARTER 2021 58#59Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets CAPACITY MARKET IN FRANCE CAPACITY AUCTION PRICES (1) FOR DELIVERY IN 2021 (in €/kW) 47.4 اساس 29.5 32.7 39.1 19.5 19.2 05/03/2020 23/04/2020 25/06/2020 24/09/2020 15/10/2020 Volume of certified EDF capacities: 63 GW at end-March 2021 Average Price: 31.2€/kW EDF SALES FIRST QUARTER 2021 (1) Data rounded to nearest tenth 10/12/2020 (in €/kW) 16.6 23/04/20 FOR DELIVERY IN 2022 39.0 25/06/20 28.3 18.1 18.2 15/10/20 10/12/20 ➤ Volume of certified EDF capacities: 70 GW at end-March 2021 5 remaining auctions in 2021 for delivery in 2022 11/03/21 59#60Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets ARENH: VOLUMES ALLOCATED in TWh 63.5 63.7 62.7 62.6 60.7 59.7 H1 2019 H2 2019 H1 2020 H2 2020 H1 2021 (1) H2 2021 Maximum annual sales volume of 100 TWh (2) by EDF to alternative suppliers and -25TWh for network losses coverage In November 2020, ARENH requests from alternative suppliers for 2021 amounted to 146.2TWh. The volume for 2020 and 2021 was therefore capped at the legal ceiling of 100TWh generating the "cropping effect" in the tariff ➤ Volume sold for 2021, including 26.3TWh sold for network losses coverage: 62.6TWh for H1 63.7TWh for H2 ➤ Pending litigation regarding the implementation of a Force Majeure in the ARENH contract between EDF and some alternative suppliers Source: CRE (1) Difference between half year estimated by EDF, from the annual data provided by the CRE, and likely to change during the year through the application of legal, regulatory and contractual provisions (sub-annual window, cancellations, defaults, etc.) (2) The Energy and Climate Change law of 8 November 2019, provides the government with the possibility of raising the cap for global maximal volumes via a ministerial order, from 100 to 150TWh as of 1 January 2020. The law also allows the government to revise the ARENH price. However, the government announced early November 2020 a status quo for both ARENH volumes and ARENH price for 2021 EDF SALES FIRST QUARTER 2021 60#61Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets ARENH: FORCE MAJEUR LITIGATION • . • • The Covid-19 health crisis and the emergency measures taken by the French government as of 17 March 2020, have led to a decrease in electricity consumption from non- residential customers and a decrease in electricity wholesale market prices, affecting all suppliers, including EDF. Certain suppliers have asked the Presiding Judge of the Paris Commercial Court to order, as a matter of urgency, the total suspension of deliveries of volumes from ARENH and/or their partial suspension up to the amount of the drop in electricity consumption of their customer portfolio during the crisis, invoking the Force Majeure clause provided for in the ARENH framework agreement concluded with EDF. The Summary Judge has decided that the conditions for Force Majeure have been met and has ordered EDF not to oppose the suspension of the agreement, entailing thereby the total interruption of the annual electricity transfer program. EDF has appealed the ruling. On 28 July 2020, the Paris Court of Appeals upheld the urgent application judge's decision, considering that the Force Majeure clause in the framework agreement has an automatic effect and that Force Majeure could not be excluded with the evidence required in summary proceedings. EDF filed an appeal on 24 September, which is still pending before the Cour de Cassation (the highest court of appeal). To safeguard its rights, EDF announced on 2 June the termination, as a precautionary measure, of the ARENH contracts binding it to these energy suppliers, as provided for in the event of a suspension of these contracts beyond a two-month period. Total Direct Energie (TDE) contested this termination before the judge in charge of summary proceedings. The latter ruled on 1 July 2020 and provisionally suspended the effects of EDF's termination announcement. EDF has appealed this ruling. On 19 November 2020, the Paris Court of Appeals overturned the ruling of the summary judge. As the French Energy Regulatory Commission (CRE) has not complied with EDF's request to suspend ARENH deliveries to TDE (1) starting on 23 November for the end of 2020 in accordance with the ruling of the Paris Court of Appeals, EDF filed an appeal with the French State Council for ultra vires on 10 December 2020 with a view to obtaining the revocation of the CRE's ruling. In September, an alternative supplier (Ohm Energie) also urgently appealed to the Presiding Judge of the Paris Commercial Court to suspend payments due for ARENH volumes delivered during the force majeure event, arguing that delivery should not have continued during the period of Force Majeure. On 23 October, the Summary Judge dismissed the application. These rulings were taken under an urgent procedure, on a provisional basis; only a procedure on the merits will make it possible to establish definitively the merits of the respective positions of the parties. As of today, several alternative suppliers have introduced full civil proceedings against EDF with the Paris Commercial Court with a view to obtaining compensation for damages supposedly resulting from EDF's refusal to suspend ARENH deliveries on the basis of force majeure. On 13 April 2021, the Paris Commercial Court handed down an initial ruling ordering EDF to pay €5.88 million in damages and interest to an alternative supplier. The Court considered that the conditions of force majeure were met and concluded that EDF had committed a contractual breach for which it is liable by failing to suspend the delivery of ARENH volumes. EDF has filed an appeal against the ruling before the Paris Court of Appeal. (1) TDE Total Direct Energie EDF SALES FIRST QUARTER 2021 61#62Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets REGULATED SALES TARIFFS IN FRANCE (1/2) Change in Blue tariff Change in Residential Blue tariff Change in Non-Residential Blue tariff Date (VAT excluded) (including VAT) (VAT excluded) (including VAT) 01/02/2018 01/08/2018 +0.7% + 0.6% +1.6% -0.5% - 0.3% +1.1% + 1.3% + 0.9% 01/06/2019 +7.7% + 5.9% +7.7% + 5.9% 01/08/2019 +1.49% +1.26% +1.34% 01/02/2020 +3.0 % +2.4% +3.1% 01/08/2020 +1.82% 01/02/2021 EDF SALES FIRST QUARTER 2021 +1.1% +2.4% +1.54% +1.81% + 1.58% +1.93% +1.61% +3.23% +2.61% 62#63Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets REGULATED SALES TARIFFS IN FRANCE: CHANGE IN FEBRUARY 2021 (2/2) RESIDENTIAL BLUE TARIFF EXCLUDING TAXES (1) +1.93 % AVERAGE BILL BREAKDOWN. VAT INCLUDED (BLUE RESIDENTIAL CUSTOMER) €194.0/MWh (5) 53.5 + €2.42/MWh €125.4/MWh €127.8/MWh 16.3 3.5 49.8 2.3 01/08/2020 Capacity Energy + fees (2) Catch-up (4) TURPE (2) Cost to serve (3) and margin 53.5 16.0 6.0 49.4 3.0 01/02/2021 44.0 Taxes 22.5 CSPE 53.5 TURPE 74.0 Generation and commercial costs (1) Source: Data from the 14 January 2021 deliberation of the CRE (2) In August 2020 and February 2021, the "Energy + fees" and "TURPE" figures are based on an average calculation on customers portfolio at the Regulated Sales Tariffs at end-2019 (base calculation for the CRE deliberation of 14/01/2021) EDF SALES FIRST QUARTER 2021 (3) Including cost of Energy Efficiency Certificate (4) Catch-up due to tariffs freeze at the beginning of 2019 + balance of cost to serve 2020 (5) Half-rounded figures 63#64Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets DISTRIBUTION OF ELECTRICITY SALES (1) ACCORDING TO THEIR MARKET PRICE EXPOSURE ~40TWh Long-term contract -420 ~130TWh TWh At market price ~70TWh At ARENH price through ~30TWh Long-term contract ~60TWh At ARENH price through regulated tariffs (2) after cropping regulated tariffs (2) after cropping -380 ~180TWh ~110TWh At market price TWh 2019 At the minimum between market price and ARENH arbitration threshold after cropping 1 Volumes sold at the ARENH price following the cost-stacking formula in the regulated sales tariffs (essentially blue residential and non-residential tariffs) 2 Volumes sold at the market price if this price is lower than ARENH arbitration threshold (ARENH price - capacity price) and ARENH price otherwise (3), which include: The ARENH volumes that can be requested by alternative suppliers and network operators for their purchases of losses Part of the volumes (4) sold to EDF final customers under market-based contracts 2020 ~180TWh At the minimum between market price and ARENH arbitration threshold after cropping 3 Volumes sold at the market price, whatever the price, which include: Part of the volumes sold to EDF final customers: “market complement supply" in the regulated tariffs (4), balance of the volumes sold to clients under market-based contracts • Volumes sold on wholesale power markets 4 Contracts at negotiated prices that do not follow a market-indexed structure (1) Sales excluding purchase obligations volumes and volumes under long-term supply contracts. Estimated distribution based on the respective situations in 2019 and in 2020, in particular in terms of EDF downstream market shares. In 2019 and 2020, the level of cropping corresponding to ARENH over subscription (respectively 133 and 147 TWH) by alternative suppliers has been applied to downstream offers (2) Regulated electricity sales tariffs EDF ANNUAL RESULTS 2020 (4) (5) EDF is subjected to the arbitrage between the two prices and its date of exercise is variable depending on the volumes (it takes place at the latest at the time of the ARENH end of year subscription window for a delivery the following year) Related to the replication of the sourcing cost structure of alternative suppliers: shares of the volumes corresponding to the "ARENH rights" Related to the replication of the sourcing cost structure of alternative suppliers: the balancing volumes sourced on the market which exceed the "ARENH rights" 64#65Strategy and investments ESG Renewables Regulated France Generation and supply Consolidated sales Operational data and markets ESTIMATED AVERAGE FORWARD HEDGED PRICE In €/MWh Average hedged price (1) France - Generation & Supply activities NB: projected prices, different from average realised prices 60 50 430 20 ~40 ~43 ~46 ~45 10 0 2018 2019 2020 2021 Average price captured through hedging activities on forward contracts before the beginning of the delivery year (3) Estimation based on: Forecasted distribution of electricity sales volumes 'Shaped demand' (baseload vs peakload, seasonality) This average price does not take into account purchases and sales on wholesale markets that may take place during the delivery year depending on unexpected generation or consumption events It is not the average realised sale price Notional volume of fixed-cost generation output of 413TWh (2) (1) Rounded to the nearest whole number. Excluding revenue associated with capacity certificates. (2) Only from nuclear and hydro generation means, on the basis of normal hydro conditions EDF ANNUAL RESULTS 2020 (3) Based on a principle of gradual closing of net positions before the end of the delivery year, based on a predefined hedging trajectory (typically 2 years for the wholesale power market in France) that captures an average price, potentially with overweighting of year Y-1 in view of liquidity constraints on the forward markets. Subject to very high uncertainty over EDF's net exposure due to the fact that the ARENH system is optional (the option cost is embedded in the market hedges). 65#66Q1 2021 SALES AND HIGHLIGHTS CONSOLIDATED SALES 66#67Strategy and investments ESG Renewables CHANGE IN SALES (1) Regulated France - Generation and supply Consolidated sales Operational data and markets In millions of euros Q1 2020 restated (2) Forex Scope Organic growth Q1 2021 1% org. (3) - France Generation and supply activities 8,440 66 328 8,834 3.9 - France Regulated activities (4) 5,115 483 5,598 9.4 Framatome United Kingdom Italy Other international EDF Renewables Dalkia Other activities Inter-segment eliminations Total Group 794 (19) 2 (49) 728 -6.2 2,748 (43) 6 (25) 2,689 -0.9 1,715 (4) 318 2,029 18.5 727 (38) 6 (2) 693 -0.3 396 (14) (2) 57 437 14.4 1,244 (4) 12 98 1,350 7.9 664 (5) (1) 233 891 35.1 (1,142) 20,701 (158) (1,300) 13.8 (123) 88 88 1,283 21,949 6.2 (1) Breakdown of sales across the segments, before inter-segment eliminations (2) The 2020 published data has been restated for the impact of the change in the scope of the E&P disposal (3) Organic change at constant scope and exchange rates (4) Regulated activities: Enedis, ÉS and island activities; Enedis, an independent EDF subsidiary as defined in the French energy code EDF SALES FIRST QUARTER 2021 67 40#68Strategy and investments ESG Renewables Regulated France - Generation and supply FRANCE GENERATION AND SUPPLY ACTIVITIES SALES - In Єm ORGANIC CHANGE: +3.9% (1) Consolidated sales Operational data and markets +132 +44 +150 8,440 -113 +116 +66 8,834 Energy volume effect (2) (4) Energy price effect (2)(4) Downstream final customers (2) Resale of purchase obligations (2) (no margin impact) Other (2) Scope (2) Q1 2020 o/w: Lower nuclear output: ~-2TWh (2) (o/w: Fessenheim--3TWh) Slightly better Hydro output: +0.5TWh (3) o/w: Increase in regulated tariff (energy component) of: • +3.0% at 1 February 2020 including half of 2019 tariff catch-up +1.93% at 1 February 2021 including half of 2019 tariff catch-up Increase in spot and forward prices o/w (+) Capacity sales Q1 2021 (1) (2) Organic change at comparable scope, standards and exchange rates. Estimated figures. (3) After deduction of pumped volumes. (4) The valuation of price and volume effects is carried out by convention on the basis of the average hedged price of electricity generation (nuclear, hydro and thermal). eDF SALES FIRST QUARTER 2021 68#69Strategy and investments ESG Renewables Regulated FRANCE - REGULATED ACTIVITIES (1) SALES In Єm France - Generation and supply Consolidated sales Operational data and markets ORGANIC CHANGE: +9.4% (2) +80 5,598 +158 +189 5,115 Q1 2020 Enedis(3) Tariff price effects (incl. TURPE) (4)(5) +56 Weather (4) Enedis (3) grid connections (4) Other (4) Linky: nearly 90% of the roll-out achieved end of March 2021 (31.2m smart meters installed) (1) Regulated activities include Enedis, ÉS and island activities. (2) Organic change at comparable scope, standards and exchange rates. (3) Enedis, independent subsidiary of EDF as defined in the French Energy Code. EDF SALES FIRST QUARTER 2021 (4) Estimated figures. (5) Indexation of the TURPE 5 Distribution of +2.75% on 01/08/2020. Q1 2021 69#70Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets RENEWABLE ENERGIES EDF RENEWABLES GROUP RENEWABLES (3) In Єm Q1 2020 Q1 2021 A% A% Org. (1) In Єm Q1 2020 Q1 2021 A% A% Org. (1) Sales 396 437 +10.4 +14.4 Sales (3) 1,206 1,721 +42.7 +44.5 Growth in distributed solar activity in the USA with limited margin impact Electricity output: 4.2TWh, -2.9% linked to less favourable wind conditions in Europe in Q1 2021, and to 2020 farm disposals, partially offset by additional capacities commissioned in 2020 Texas' crisis event: Renewables penalised not in sales but was forced to purchase energy at very high prices in order to meet its contractual commitments Hydro France: hydro generation of 12.2TWh (2) (+0.5TWh, +4.3% vs March 2020, thanks to good hydro conditions). Favourable effect of higher shaped spot prices (+€23.5/MWh, +80%) (3) (limited positive impact in Sales and EBITDA at Group level given the hedging price policy) (1) Organic change at comparable scope, standards and exchange rates. Hydro generation after deduction of pumped volume consumption (2) (3) For the optimised renewable electricity generation activities within a larger portfolio of generation assets, in particular relating to France's hydropower fleet, Sales is estimated, by convention, as the valuation of the output generated at shaped prices (or the purchase obligation tariff), without taking into account hedging effect, and eDF SALES FIRST QUARTER 2021 GROUP RENEWABLES PROJECTS UNDER CONSTRUCTION: 8.1GW GROSS AT END-MARCH 2021 (2.1GW WIND, 2.1GW OFFSHORE WIND, 3.9GW SOLAR) taking into account the valuation of the capacity, if applicable. This convention best reflects the hydropower fleet usage and is different from the convention used to assess the price effects within the Sales of the Generation and supply segment, in which, all generation (nuclear, hydropower, thermal) is valued on the basis of the average hedged price of the generation fleet. 70#71Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets ENERGY SERVICES DALKIA In Єm Q1 2020 Q1 2021 A% A% Org. (1) In Єm Sales 1,244 1,350 +8.5 +7.9 Sales Sales organic growth mainly linked to: Strong increase in gas price (with no material impact on margin) Favourable weather impact (close to normal weather in Q1 2021 vs mild weather in Q1 2020) CONTRACT AWARDED FOR THE CREATION OF A RENEWABLE HEATING NETWORK FOR ISSOIRE CITY, USING WASTE AND BIOMASS HEAT HEALTH: 8-YEAR OPERATION & MAINTENANCE CONTRACT SIGNED WITH THE CHALON SUR SAÔNE HOSPITAL (1) Organic change at comparable scope, standards and exchange rates. EDF SALES FIRST QUARTER 2021 GROUP ENERGY SERVICES (2) Q1 2020 Q1 2021 A% A% Org. (1) 1,564 1,720 +10.0 +8.8 ➤ Organic growth mainly linked to gas price increase for Dalkia and to growth of energy services in France and Italy (2) The Group Energy services include Dalkia, Citelum, CHAM, and the service businesses of EDF Energy, Edison, Luminus and EDF SA. These notably comprise urban lighting, heating grids, decentralised low-carbon production using local resources, consumption management, and electric mobility. 71#72Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets FRAMATOME In Єm Sales Sales EDF group contribution Sales down vs March 2020 mainly linked to: Q1 2020 Q1 2021 A% A% Org. (1) 794 728 -8.3% -6.2 512 405 -20.9 -17.6 - Base and timing effect of fuel assemblies deliveries mainly for Taishan project (scheduled in Q2 and Q3 2021 versus Q1 2020) Good level of order in-take (1) Organic change at comparable scope, standards and exchange rates. EDF SALES FIRST QUARTER 2021 ACQUISITION IN INSTRUMENTATION & CONTROL ACTIVITY IN HUNGARY AND CENTRAL EUROPE (EVOPRO NUCLEAR AND PROCESS AUTOMATION Kft.) 72#73Strategy and investments ESG UNITED KINGDOM In Єm Sales Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets Q1 2020 Q1 2021 A% A% Org. (1) 2,748 2,689 -2.1 -0.9 Supply Lower B2B volumes partially offset by higher B2C volumes linked to a cold weather and to the take-over of another supplier's customer portfolio Generation - Nuclear output down by -1.4TWh to 10.5TWh, due to Hinkley Point B outage and Torness' planned outage in Q1. Positive effect of Hunterston B back to service since September 2020. Dungeness B still offline Decrease in thermal output (-1TWh), mainly unfavourable spread due to strong increase in carbon price POD POINT: c. 110,000 CHARGING POINTS DEPLOYED AT END-MARCH 2021, o/w +13,000 IN Q1 2021 SIGNED BINDING AGREEMENT FOR THE DISPOSAL OF THE GAS POWER PLANT OF WEST BURTON B (1,332MW) AND 49MW BATTERY STORAGE (1) Organic change at comparable scope, standards and exchange rates. EDF SALES FIRST QUARTER 2021 73#74Strategy and investments ITALY In Єm Sales (1) ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets Q1 2020 restated (1) Q1 2021 A% A% Org. (2) 1,715 2,029 +18.3 +18.5 Gas business Positive price effect (strong increase in spot market prices), with limited margin impact Electricity business Limited positive price effect (increase in spot market prices, not yet fully reflected in contracts indices) Higher thermal generation (technical unavailability in Q1 2020) with a good performance in ancillary services Better wind power output Downstream business ACQUISITION OF THE REMAINING 70% STAKE IN E21 (38 WIND FARMS, 674 MW CAPACITY) (3) EDISON'S MOODY'S RATING UPGRADE TO BAA2 (FROM BAA3) - Limited positive price effect Power residential clients slightly increased - Higher gas volumes sold to B2B segment The 2020 published data has been restated for the impact related to the change in scope from the E&P disposal (excluding Norway and Algeria). The closing of the disposal of Norway occurred in March 2021. EDF SALES FIRST QUARTER 2021 (2) Organic change at comparable scope, standards and exchange rates. (3) Wind farms already fully consolidated 74#75Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets OTHER INTERNATIONAL In Єm Sales o/w Belgium (2) o/w Brazil Q1 2020 Q1 2021 A% A% Org. (1) 727 693 -4.7 539 512 -5.0 -0.3 -6.1 130 139 +6.9 +32.3 Belgium (2) Decrease in 2020 gas forward prices and unfavourable timing effect in the gas contracts price indexation (price increase on wholesale market not yet fully reflected in the yearly price adjustment) Better B2C volume effects in gas due to a mild weather in Q1 2020 and slight increase in B2B volumes CLOSING OF THE ACQUISITION OF THE ESSENT CUSTOMER PORTFOLIO IN BELGIUM Brazil Favourable indexation of EDF Norte Fluminense's electricity PPA in November 2020 (including ICMS tax) Unfavourable forex effect (depreciation of the BRL against Euro) NET WIND INSTALLED CAPACITY 551MW (3) (1) Organic change at comparable scope, standards and exchange rates. Luminus and EDF Belgium. €23 Net capacity at Luminus scope. 592MW in gross capacity (+0.7% growth). EDF SALES FIRST QUARTER 2021 75#76Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets OTHER ACTIVITIES In Єm Sales o/w Gas activities o/w EDF Trading Q1 2020 Q1 2021 A% A% Org. (1) 664 891 +34.2 +35.1 252 377 +49.6 +49.6 303 396 +30.7 +31.7 Gas activities - Significant favourable effect on gas wholesale market prices and higher gas volumes sold (+2.3TWh) linked to a strong use of Group LNG capacities, with limited margin impact EDF Trading Good performance in particular thanks to high volatility in trading activities in Europe and in the USA (1) Organic change at comparable scope, standards and exchange rates. EDF SALES FIRST QUARTER 2021 76#77Q1 2021 SALES AND HIGHLIGHTS OPERATIONAL DATA & MARKETS#78Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets INSTALLED CAPACITY AS OF 31 MARCH 2021 Total net capacities of EDF Group, (in GW) including shares in associates and Investments in affiliates and joint ventures Consolidated capacities of EDF Group joint ventures Nuclear (1) 72.3 56% 1.2 71.2 59% Hydro (2) 22.5 18% 1.0 21.5 18% ENR 11.8 9% 3.1 8.7 7% Gas 12.6 10% 0.3 12.3 10% Fuel oil 3.9 3% 0.2 3.6 3% Coal (3) 5.2 4% 2.0 3.2 3% Total 128.3 100% 7.8 120.5 100% NB: The values correspond to the expression to the first decimal or integer closest to the sum of the precise values, taking into account rounding (1) Taking into consideration the shutdown of Fessenheim nuclear power plant in France (2) Including sea energy: 0.24GW in 3M 2020 and in 3M 2021 (3) Taking into consideration the shutdown of Le Havre coal power plant (580 MW) on 31 March 2021 - disconnection from the network expected at the end of 2021 EDF SALES FIRST QUARTER 2021 78#79Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets ELECTRICITY OUTPUT Output from fully consolidated entities (in TWh) Nuclear 114.0 3M 2020 77% 111.6 3M 2021 76% Hydro (1) 14.5 10% 14.7 10% ENR Gas 5.5 4% 5.3 4% 12.4 8% 11.9 8% Fuel oil 1.2 1% 1.3 1% Coal Group 1.1 1% 1.5 1% 148.6 100% 146.3 100% NB: The values correspond to the expression to the first decimal or integer closest to the sum of the precise values, taking into account rounding (1) Hydro output includes tidal energy for 136GWh in 3M 2020 and 141GWh in 3M 2021. Hydro output after deductions of pumped volumes is 12.7TWh in 3M 2020 and 13.3TWh in 3M 2021 EDF SALES FIRST QUARTER 2021 79#80Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets HEAT OUTPUT Output from fully consolidated entities (in TWh) ENR (1) 1.8 Gas 3M 2020 17% 1.8 3M 2021 18% 7.2 69% 7.7 76% Fuel oil 0.1 1% 0.1 1% Coal 0.3 3% 0.3 3% Other (2) 1.2 11% 0.3 3% Group 10.5 100% 10.1 100% NB. The values correspond to the expression to the first decimal or integer closest to the sum of the precise values, taking into account rounding (1) Category corresponding to installations operating with woody biomass, landfill gas, sewage treatment plant gas and biogases (2) Category combining part of the heat generation by incineration non classified as RE and the recovery of heat and electricity from other industrial processes EDF SALES FIRST QUARTER 2021 80#81Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets RENEWABLE OUTPUT Output from fully consolidated entities (in TWh) Hydro (1) 14.5 Wind Solar Biomass 3M 2020 72% 14.7 3M 2021 73% 5.0 25% 4.7 23% 0.2 1% 0.4 2% 0.3 1% 0.2 1% Total electricity Group 20.0 100% 20.0 100% Total heat Group 1.8 100% 1.8 100% NB: The values correspond to the expression to the first decimal or integer closest to the sum of the precise values, taking into account rounding (1) Hydro output includes tidal energy for 136 GWh in 3M 2020 and 141 GWh in 3M 2021. Hydro output after deductions of pumped volumes is 12.7 TWh in 3M 2020 and 13.3 TWh in 3M 2021 EDF SALES FIRST QUARTER 2021 81#82Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets CO, EMISSIONS (1) Emissions from fully consolidated entities Emissions from the heat and power generation by segment (2) In kt CO2 In g CO2/kWh 3M 2020 3M 2021 3M 2020 3M 2021 France - Generation and supply activities 1,062 13% 1,810 21% 9 18 France Island regulated activities (3)(4) 720 9% 750 9% 494 460 Dalkia 2,282 27% 2,280 26% 201 210 United Kingdom 1,366 16% 918 11% 97 78 Italy 1,693 20% 1,578 18% 280 281 Other international 1,281 15% 1,387 16% 267 233 Group 8,413 100% 8,730 100% 53 56 NB: The values correspond to the expression to the first decimal or integer closest to the sum of the precise values, taking into account rounding (1) Direct CO2 emissions, excluding life cycle analysis (LCA) of fuel and production means (2) Framatome contributes to 9 kt CO2 in 3M 2020 and 7 kt CO2 in 3M 2021. The direct CO2 emissions from "Other activities" segments are not significant compared to Group total emissions (3) Power generation in ZNI: << Zones non interconnectées » corresponding to overseas departments and Corsica - (mainly island territories) (4) Including Electricité de Strasbourg data EDF SALES FIRST QUARTER 2021 82#83Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets UNITED KINGDOM: MONTHLY NUCLEAR OUTPUT In TWh EDF Cumulative output 2020 Cumulative output 2021 -14.6% 4.8 4.1 Jan. SALES FIRST QUARTER 2021 8.6 11.9 -15.1% 7.3 -11.8% Feb. March 10.5 83#84Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets UNITED KINGDOM: UPSTREAM / DOWNSTREAM ELECTRICITY BALANCE in TWh Other (1) 5.3 OUTPUT / PURCHASES CONSUMPTION / SALES A 3M 2021 in TWh 17.1 vs. 3M 2020 A 3M 2021 vs. 3M 2020 17.1 +1.5 +1.5 +3.9 Gas 0.8 Coal 0.5 -0.6 -0.4 SME & I&C 8.1 -0.7 Nuclear 10.5 -1.4 Centrica (20%) 2.1 -0.3 (1) Including wind output and purchase obligations eDF SALES FIRST QUARTER 2021 Residential 4.1 +0.1 Net wholesale market 2.8 +2.3 84#85Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales GREAT BRITAIN CAPACITY AUCTION RESULTS FOR EDF ENERGY (1) FOR EDF Operational data and markets All capacity agreements for 1 year unless otherwise stated Clearing price £/kW/an Nuclear Coal CCGT (2) OCGT (3) Battery Demand-side Response (DSR) 2015 Q4 (2019/2020) 18.0 (2014/2015 prices) All 16 units (4) (7.6GW) O unit All 3 units (1.2GW) All 2 units (37MW) N/A N/A 2016 Q4 22.5 (2015/2016 prices) All 16 units (7.9GW) (2020/2021) 3 of 8 units (1.8GW) All 3 units (1.2GW) All 2 units (38MW) 1 unit (5) (47MW) N/A 2018 Q4 (2021/2022) 2020 Q3 (2022/2023) 2021 Q1 (2023/2024) 8.4 (2016/2017 prices) All 16 units (7.9GW) O unit All 3 units (1.2GW) O unit N/A 5 units (32.1MW) 6.4 (no indexation) 12 units (5.9GW) O unit All 3 units (1.2GW) O unit N/A O unit 16.0 (2018/2019 prices) 8 units (4.0GW) O unit All 3 units (1.2GW) O unit N/A 4 units (21.5MW) 2021 Q1 (2024/2025) 18.0 (2019/2020 prices) 4 units (2.0GW) O unit All 3 units (1.2GW) O unit 4 units (60MW) O unit The slide includes capacities for which agreements were awarded (de-rated capacity). For DSR this equates to bidding capacities (1) Following a judgement by the General Court of Justice of the European Union which removed the European Commission's State aid approval of Great Britain's Capacity Market (CM) on 15 November 2018, the UK Government suspended the operation of the scheme. It was subsequently re-approved and reinstalled on 24 October 2019 (2) Combine Cycle Gas Turbine (3) Open Cycle Gas Turbine (4) Q4 2015 had a lower total connection capacity for Nuclear units (5) 15-years capacity agreement for new build battery N/A: not applicable EDF SALES FIRST QUARTER 2021 85#86Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets EDISON: UPSTREAM/DOWNSTREAM ELECTRICITY AND GAS BALANCES OUTPUT / PURCHASES In TWh EESM(2) 0.2 SALES OUTPUT PURCHASES SALES A 3M 2021 vs. 3M 2020 A 3M 2021 vs. 3M 2020 In Bcm A 3M 2021 vs. 3M 2020 A 3M 2021 vs. 3M 2020 I 7.6 -0.3 -0.3 0 7.6 5.1 5.1 0 EESM(2) 0.2 Wholesale markets -0.1 0.2 & other 1.3 Domestic purchases 1.9 Wholesale & +0.1 other purchases 3.1 Hydro and renewable 1.1 Wholesale markets & other 3.2 +0.4 IPEX -0.1 0.9 LT imports & reserves 3.15 +0.1 Thermal 3.2 Residentials & industrial customers 2.5 II Thermoelectric 1.3 -0.2 -0.4 End customers -0.6 3.3 Domestic production (3) 0.05 Electricity (1) Gas (1) Excluding optimisation volumes (2) EESM: Energy & Environmental Services Market Division EDF SALES FIRST QUARTER 2021 (3) Production by Edison Stoccaggio and production relating to the concession in Algeria 86#87Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets AVERAGE SPOT PRICES IN Q1 2021 73.2€/MWh + 35.1€/MWh (1) 1.3TWh +0.7TWh (2) 5.6TWh +1.9TWh (2) 45.2€/MWh +10.3 €/MWh (1) 2.6TWh -1.6TWh (2) 50.6€/MWh + 20.1€/MWh (1) 49.6€/MWh 50.9€/MWh + 23.0€/MWh (1) + 20.8€/MWh (1) CWE (3) 6.9TWh +2.6TWh (2) 3.2TWh -0.8TWh (2) 53.0€/MWh + 23.6€/MWh (1) 1.0 TWh -0.3TWh (2) 5.3TWh -1.1TWh (2) 0.2TWh +0.2TWh (2) 3.0TWh +1.8TWh (2) 4.2TWh -1.7TWh (2) (1) Change relative to average Q1 2020 prices (2) Trade (Source: RTE & ENTSO-E Transparency Website) (3) Introduction of flow-based coupling mechanism from 21 May 2015 for the entire CWE (France, Benelux, Germany) eDF SALES FIRST QUARTER 2021 59.9€/MWh + 20.3€/MWh (1) The increase resulted from three combined factors: • A rise in demand, stemming from the decrease in average temperatures compared with Q1 2020 and the sharp decline in demand in March 2020 following the lockdown; A rise in gas spot prices, owing to lower inventories and strong demand in Asia, with a cold winter and a confirmed economic recovery; • A decrease in wind generation in France and, more broadly, Europe. The coupling of the markets has enabled a certain degree of price convergence, though still limited by available capacities at borders Average prices on electric power exchanges in Q1 2021: • EPEXSPOT: France and Germany ⚫ N2EX: United Kingdom ⚫ OMIE: Spain • GME: Italy (Prezzo Unico Nazionale) . APX: The Netherlands • BELPEX: Belgium 87#8830 Strategy and investments (in €/MWh) 75 ESG Renewables Regulated France - Generation and supply Consolidated sales FORWARD ELECTRICITY PRICES IN FRANCE, THE UK, ITALY AND GERMANY (Y+1) FROM 01/04/2019 TO 31/03/2021 45 45 40 40 35 55 Apr-19 55 50 50 60 60 65 70 May-19 Jun-19 Jul-19 Aug-19 eDF SALES FIRST QUARTER 2021 Sep-19 Oct-19 Electricty - Annual baseload Contract France (EEX) Electricity - Annual Baseload Contract Germany (EEX) Electricity - Annual Baseload Contract UK (EDF Trading) Electricity - Annual Baseload Contract Italy (EDF Trading) Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 www Jun-20 Jul-20 Aug-20 Mum Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 88 Operational data and markets#89Strategy and investments ESG Renewables Regulated France - Generation and supply Consolidated sales Operational data and markets CO₂ MARKET 2 The price of CO2 allowances (EUA(1)) in the European Union Emissions Trading Scheme (EU ETS) rose sharply in 2018, from €7 to €25/tCO2, in connection with the implementation of the Market Stability Reserve, which planned the gradual absorption of the market surplus In 2019, the price of the CO2 quota fluctuated between €18 and €30/t, following the plans to close German coal-fired power plants and on developments at Brexit, which could have relaxed or tightened the market's supply-demand balance, depending on its outcome In 2020, the price of the quota has confirmed its volatility. It fell to €15/t in March when all markets fell but went above €30/t several times during the year in response to positive ecological political signals. It ended the year on a strong increase, fueled in particular by the European Commission vote on a CO2 emissions reduction target of 55% by 2030 The quota price has confirmed its upwards trend since the start of 2021, resulting from three key factors: the EU's ambitious emissions reduction targets, the growing presence of speculators on the carbon market and increases in the gas and coal prices. The price of electricity – set at the level of the marginal cost of generation – is therefore sensitive to variations in the price of CO₂ that influence the cost of generating electricity from gas and coal Sensitivity of the wholesale price of electricity in France to the price of CO2, currently in the order of €0.50/MWh for €1/tonne of CO2 In €/tCO2 44 42 40 38 36 34 1232222200± 28 26 24 18 16 14 CO2 - for delivery in €/t in December of year N+1 (ICE) Ice Global markets in clear view Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-19 Jun-19 Jul-19 Aug-19 Oct-19 May-19 Sep-19 The price of the emission certificate for delivery in December Y+1 averaged €37.9/t in Q1 2021, increasing substantially from Q1 2020 (+65% or +€14.9/t vs. Q1 2020). Use transfers Variable generation cost (€/MWh) Energy efficiency Demand << Reservoir » hydro CCGT Market price Renewables: hydro run-of- river, wind, PV) Nuclear Coal + lignite Peak (thermal, disruptions) Commodity prices: coal, gas, CO₂ Installed capacity (GW) 89 (1) EUA EU allowance EDF SALES FIRST QUARTER 2021 Développement des EnR#90eDF INVESTOR PRESENTATION JUNE 2021