Universal Registration Document 2022

CUSTOMERS

• 3% growth in the customer portfolio ⁽¹⁾.
• 67% increase in residential electricity customers with market offers in France, to 2.4 million.
• 52.7% share of the business customer market and 70.8% of the residential customer market in France ⁽²⁾.
• Strong progress in electric mobility: +45% rise in charging points installed and managed (over 280,000 by end-2022).
• +15% increase in French regulated electricity sales tariff in 2023. Income shortfall recognised as a public service charge and covered by the CSPE compensation mechanism.
• Many major business customers won, for electricity (e.g., Toyota, French Armed Forces Ministry, Paprec) and gas (e.g. Tereos, Constellium).
• Dalkia: agreements signed with Arkema for an SRF ⁽³⁾ fuel recovery project to avoid 10,000t of CO₂ emissions per year.

ENEDIS

• 18% increase in renewable plants connected in 2022, i.e., an additional 3.8GW.
• Signature of a €800m loan agreement with EIB to support energy transition.

ENVIRONMENTAL, SOCIAL AND GOVERNANCE COMMITMENTS

• Downstream avoided emissions: new target at 30Mt CO2 in 2030 ⁽⁴⁾. End-2022 level: 11.4Mt CO₂.
• Adoption of the climate transition plan resolution at the May  2022 Shareholders’ Meeting by 99.87%.
• 30.8% female members in Group entities’ Management Committee, on track for the target of 33% in 2026 and 36-40% in 2030 ⁽⁵⁾.
• Issue of a €1.25bn Green Bond to fund investments in electricity distribution, bringing total Green Bond issues to c. €10bn.

WINTER PEAK AND ENERGY SUFFICIENCY PLAN

• Enedis and hydro and nuclear power generation teams’ action to maximise available capacity.
• Energy sufficiency awareness-raising campaigns for customers (load-shedding, Tempo offers, consumption monitoring tools) contributed to the 10% drop in electricity consumption in France in November and December 2022.
• Above 10% reduction in energy consumption by the Group’s office sites in Q4 2022 ⁽⁶⁾.

INNOVATIONS FOR CARBON NEUTRALITY

• EDF Pulse: contribution to funding of the UK start-up Carbon8 (carbon capture and recovery from industrial residues).
• Mobility:
  • Partnership between IZIVIA et Q-Park to install 4,000 public charging points in France in the next 3 years.
  • Luminus signed a 3-year renewable partnership to supply and install electric vehicle charging solutions for Arval’s business and residential customers in Belgium.
  • New combined solar panel/charging point service offer launched for business customers in France.
  • Innovative solution from Sowee and Mobilize ⁽⁷⁾ for Renault electric vehicle customers: costs reduced through smart home charging.
  • IZI by EDF selected by Nissan to supply and install electric vehicle charging solutions for its residential customers.

CASH CAPITAL INCREASE

Cash capital increase of over €3.15bn, maintaining shareholders’ preferential subscription rights.

ANNOUNCEMENTS BY THE FRENCH PRESIDENT ON 10 FEBRUARY 2022 IN BELFORT

• Support for the French nuclear sector:
  • Launch of a programme to build 6 EPR2 reactors and studies for potentially 8 more.
  • Continuing operation for all reactors, except for safety issues.
  • Development of the French SMR programs, including €500  million for NUWARD^TM.
• Acceleration of renewable energy development.
• Confirmation of the growing role of low-carbon electricity in France’s climate ambitions, in a context of energy consumption reduction.

WAR IN UKRAINE

• Increased market prices and volatility: extreme tensions on the electricity market in a context of lower nuclear output in 2022, requiring significant purchases on the market.
• Supply chain disruptions and inflation of component and commodity prices caused delays for some activities and major projects.
• Limited impact on supplies: one single Edison gas contract with a European subsidiary of a Russian company (accounting for 4% of the Group’s supply, terminated end-2022) and low dependence on uranium imports from Russia, given current stock levels and diversified long-term (20-year) supply contracts.
• International sanctions: to date, no exposure to Russian companies, banks or individuals affected by international sanctions. Closure of the Moscow office.