Electricite de France S A : The Presentation - 27 July 2023
July 27, 2023 at 03:38 am EDT
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2023 HALF-YEAR RESULTS
DISCLAIMER
This presentation is for information purposes only and does not constitute an offer or solicitation to sell or buy instruments, part of the company or the assets described here, in the US or any other country.
This presentation contains forward-looking statements or information. While EDF believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions at the time they were made, these assumptions are fundamentally uncertain and imply a certain amount of risk and uncertainty which is beyond the control of EDF. As a result, EDF cannot guarantee that these assumptions will materialise. Future events and actual financial and other outcomes may differ materially from the assumptions used in these forward-looking statements, including, and not limited to, potential timing differences and the completion of transactions described therein.
Risks and uncertainties (notably linked to the economic, financial, competition, regulatory and climate backdrop) may include changes in economic and business trends, regulations, as well as those described or identified in the publicly-available documents filed by EDF with the French financial markets authority (AMF), including those presented in Section 2.2 "Risks to which the Group is exposed" of the EDF Universal Registration Document (URD) (under number D.23-0122) filed with the AMF on 21 March 2023, which may be consulted on the AMF website at www.amf-france.orgor on the EDF website at www.edf.fr.
EDF and its affiliates do not undertake nor do 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.
2023 HALF-YEAR RESULTS
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2023 HALF-YEAR RESULTS
Luc Rémont
Chairman and Chief Executive Officer
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KEY OPERATIONAL INDICATORS - H1 2023
Group electricity output: 232.1TWh, -1.9%vs H1 2022
Nuclear output
France
158.1TWh
+2 .6% vs H1 2022
Hydro output
mainland France
19.4TWh
+2 .2% vs H1 2022
Nuclear output United Kingdom
18.2TWh(1)
- 21 .5% vs H1 2022
Group wind & solar
output
13.2TWh
+5 .6% vs H1 2022
Group carbon
intensity
40gCO2/kWh
vs 50gCO 2 /kW h in H1 2022
Group portfolio of
wind and solar
projects
91GW gross
+7% vs end -Dec . 2022
Inc. -3.7TWh attributable to the shutdown of Hinkley Point B in August 2022.
2023 HALF-YEAR RESULTS
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FINANCIAL RESULTS - H1 2023
EBITDA
€16.1bn
vs € 2 .7bn in H1 2022
Net financial debt
€64.8bn(1)
vs € 64 .5bn end -Dec . 2022
Net income excl. non-
recurring items
€6.3bn
vs -€ 1 .3bn in H1 2022
Group net liquidity
€21.2bn(2)
vs € 14 .8bn end -Dec . 2022
Restated of the €0.6bn not tendered in the offer of $1.5bn hybrid notes, still in process at 30 June 2023 (reclassified from equity to other financial debts), the net financial debt would have been €0.3bn lower at 30 June 2023 than at 30 December 2022 (see press release of 7 July 2023).
Cash and cash equivalents €8.1bn, liquid assets €19.3bn, undrawn credit lines €14.9bn, and after deduction of the current borrowings and financial debts for -€21.1bn.
2023 HALF-YEAR RESULTS
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EDF - Électricité de France SA published this content on 27 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2023 07:37:03 UTC.
ELECTRICITE DE FRANCE SA is a France-based company. The Company engages in carbon-free electricity in power plants that it designs and operates along with energy supply, transportation and trading services. It is the Producer and distributor of gas and electricity for utility purposes to individual and commercial clients.