9M 2015 sales: €53.8 billion vs. €52.3 billion in the first nine months of 2014

  • -2.1%1 organic change, but -0.4% restated for the €921 million impact of the 2012 tariff catch-up2 at 30 September 2014 with no equivalence in 2015
  • Challenging power price environment in Europe

Increase in nuclear output in France

  • 306.3TWh, +1.2TWh compared to 9M 2014
  • 2015 nuclear output expected at the upper-end of the 410-415TWh target

2015 interim dividend : €0.57 per share with the option for a payment in new shares

Strategic developments

  • Agreements with CGN for the construction and operation of the Hinkley Point C nuclear power station
  • New agreement regarding the EDF Luminus shareholder structure
  • Renewable energy partnership with Procter & Gamble in the United States:
    - Electricity sold to P&G generated by a wind farm due to be commissioned in 2016
    - Capacity of 123 MW, located in Texas

Ongoing long-term bond issues

  • Senior bond issue of US$4.75 billion, including the largest US dollar denominated Green Bond (US$1.25 billion) from a corporate issuer, providing further support to EDF’s renewable energy investments
  • Senior "Formosa" bond issuance on the Taiwanese market for US$1.5 billion

2015 financial targets and 2018 positive cash flow3 ambition confirmed

Jean-Bernard Lévy, the Chairman and CEO of EDF, announced: "Over the last few months, EDF Group has been developing its strategic plan, CAP 2030. This plan aims to make EDF an efficient electricity company, champion of low-carbon growth. A few days before COP21 opens, a global event that EDF is engaged in, the Group confirms its ambition to be an active player committed to the energy transition. In the third quarter of 2015, a new green bond of $US 1.25 billion was issued, enabling the company to bolster its renewable energy investments."

1At constant scope and exchange rates, including the -1.7% due to the 2012 tariff catch-up, with no equivalence in 2015
2Impact of the regularisation of regulated tariffs for the period from 23 July 2012 to 31 July 2013, following the French Council of State’s decision of 11 April 2014
3Cash flow after dividends, excluding Linky

Carole TRIVI

+33 (0) 1 40 42 44 19