ANNUAL RESULTS 2020 slide image

ANNUAL RESULTS 2020

Strategy 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
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