Résultats

2- At 2016 exchange rate and at an assumed discount rate on nuclear provisions of 4 1 % in 2017. 3... The Board of Directors is made up of 18 members, the percentage of female directors is 41 7 %( not including employee directors,) up 18 7 % compared with the situation at 31 December 2015 ;and 41 7 %( up 8 4 %) of directors are independent.

independant subsidiary of EDF under the provisions of the French energy code ANNUAL RESULTS 2016 9 RAPID PROGRESS OF DISPOSAL PLAN TARGET At least 10bn of asset disposals between 2015 and 2020 Sale (1) of a 49 9 % stake of RTE signed on 14 December 2016 with Caisse des Dépôts and CNP Assurances... 14 .3bn 2, 5x 55 % to 65 % 2017 (1() 2() 3) At 2016 exchange rate At 2016 exchange rate and at an assumed discount rate on nuclear provisions of 4 1 % in 2017 Adjusted for the remuneration of hybrid bonds accounted for in equity ANNUAL RESULTS 2016 35 2018 TARGETS OPEX (1) NET INVESTMENTS excluding Linky.

Excluding change in operational expenditures of service activities 3 At 2016 exchange rate 4 At 2016 exchange rate and at an assumed discount rate on nuclear provisions of 4 1 % in 2017 5 Adjusted for the remuneration of hybrid bonds accounted for in equity 2 6 7 1 At constant scope... due mainly to an increase in the unwinding costs of nuclear provisions attributable in particular to the significant drop in the discount rate of nuclear provisions from 4 5 % to 4 2 %.

depreciation expenses and provisions for renewal Impairment and other operating income and expenses (69) 14 (7 013 ()7 744 ()757() 624) EBIT 8 159 8 411 3 1 %( 1) Data restated for impact of IAS 19 revised and for the change in presentation of EDF Energies Nouvelles' Development and Sale of Structured Assets activities (2) Organic growth at constant scope and exchange rates 19 Group net income driven by operating and financial performance In millions of euros 2012 (1) 8 159 (3 334 ()1 573) 261 238 3 275 1 77 (900) 4 175 2013 8 411 (3 089 ()1 942) 375 238 3 517 1 84 (600) 4 117 % 3 1 %.

an independent EDF subsidiary as defined in the French Energy Code 6 At 2016 exchange rate 7 At 2016 exchange rate and at an assumed discount rate on nuclear provisions of 4 1 % for 2017 and 3 9 % for 2018 8 Adjusted for the remuneration of hybrid bonds accounted for in equity 9 At 2016 exchange rate and assumption for 2018 power prices in France on volumes not hedged as of 31.12.2016 36 /

recurring items net of tax Provision for risks on US Group' s' assets Impairments Extension of the TaRTAM mechanism (1() 18() 1 614 ()249) EDF Net Income 3 902 1 020 14 (1) Laws of June 7, 2010 and December 7, 2010 IAS 39 volatility In million 2009 restated 539 23 199 7 34 276 2010 15 37 (68) 0 157 (111) Variation (524) 14 (267() 7) 123 (387) TOTAL France United Kingdom Italy Other international Other activities 15 Group tax expenses In million 2009 restated 5 102 2010 1 814 Net profit before tax Actual tax expense 1 432 1 079 Effective tax rate 28 1 % 59 5 % Excluding provisions for risks in Italy and impairments of Group assets.

RECURRING ITEMS (3() 1() 2() 3() 4() 5() 6) At 2016 exchange rate At 2016 exchange rate and at an assumed discount rate on nuclear provisions of 4 1 % in 2017 Adjusted for the remuneration of hybrid bonds accounted for in equity At constant scope... with an assumed discount rate on nuclear provisions of 4 1 % in 2017 and 3 9 % in 2018.

(2) % of net investments for EDF Renewables due to the debt deconsolidation associated to the offshore wind projects NnG following the disposal of 50 % of the shares 2020 15 CHANGE IN CASH FLOW AND NET DEBT In bn 2019 restated 16 7 (1) 2020 16 2 EBITDA Cash flow generated by operations 4 1 3 2 Group cash flow excluding Linky (2) and HPC 1 8 (0 1) Group cash flow (0 8 ()2 7) Net debt 41 1 42 3 (1() 2) The 2019 published data has been restated for the impact of the change in the scope of the E & P disposal.

year 2006 5 579 643 593 468 787 2 491 318 8 388 Variation 416 (14) 50 38 119 193 (132) 477 Variation (%) 7 5 (2 2) 8 4 8 1 15 1 7 7 (41 5) 5 7 Organic growth (%) 7 5 (4 2) 3 7 13 9 8 3 5 0 6 3 6 7 In millions of euros France United Kingdom Germany Italy Rest of Europe Europe excluding France Rest of the World Group EBITDA 19 Europe including France contributed 97 9 % of Group EBITDA.

year 2006 5 579 643 593 468 787 2 491 318 8 388 Variation 416 (14) 50 38 119 193 (132) 477 Variation (%) 7 5 (2 2) 8 4 8 1 15 1 7 7 (41 5) 5 7 Organic growth (%) 7 5 (4 2) 3 7 13 9 8 3 5 0 6 3 6 7 In millions of euros France United Kingdom Germany Italy Rest of Europe Europe excluding France Rest of the World Group EBITDA 19 Europe including France contributed 97 9 % of Group EBITDA.