Electricite de France : Quarterly Financial Information - 3rd quarter 2018
November 13, 2018 at 11:47 am EST
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Key figures
Group sales: €49.6bn, +5.3 % org.1
Electricity Output
Nuclear France: 290.0TWh, +2.4%
Nuclear United Kingdom: 45.9TWh, -5.7%
Group Renewables: 54.8TWh, +28.9%
of which Hydropower France2: 38.0TWh, +32.9%
Highlights and deployment of CAP 2030
New developments in renewable energies
Commissioning of five solar photovoltaic facilities in Israel (100MWp)
Signing of two Power Purchase Agreements for a 128 MWac solar projet with storage in California
EDF Renouvelables awarded:
- one wind energy project in India totalling 300 MW
- two wind energy projects in Brazil totalling 276MW
- two solar energy projects in France totalling 20MWp
Signing of binding agreements for the construction of the Nachtigal hydroelectric dam in Cameroon : 420 MW project
Innovation at the service of customers
'Vert Electrique':100,000 subscriptions one year after launch
Digiwatt: launch of the first fully digital electricity supply contract in France
'Plan lumière 4.0': the consortium led by Citelum and EDF Luminus is selected as preferred tenderer for the smart lighting of major roads in Wallonia, Belgium
Electric Mobility Plan: objective to become the sector's leading energy company in Europe by 2022
Strengthened financial structure
Disposal plan realised for €9.6bn: completion of the disposal of Dunkerque LNG
Refinancing of €1.25bn hybrid bond notes
Senior bond offering of $3.75bn in three tranches of 10- to 30-year maturity and €1bn with a 12-year maturity
2018 targets confirmed
Operating expenses3: -€0.8bn compared to 2015
EBITDA4: €14.8 - 15.3bn
Cash flow4,5excluding Linky6, new developments and 2015-20 asset disposal plan: ~0
Asset disposals7 since 2015: ~€10bn
Total net investments excluding acquisitions and 2015-20 disposal plan: ≤ €15bn
of which net investments excluding Linky6, new developments and 2015-20 disposal plan: ~€11bn
Net financial debt/EBITDA4 : ≤ 2.5x
Target payout ratio of net income excluding non-recurring items8 : 50%
NB: see press release in the PDF file opposite.
1 Organic change at comparable scope and exchange rates.
2 Hydropower, excluding island activities.
3 Sum of personnel expenses and other external expenses. At comparable consolidation scope and exchange rates. At constant pension discount rates. Excluding change in operating expenses of the service activities.
4 At comparable exchange rates and 'normal' weather conditions, on the basis of a nuclear output in France assumption between 393-396TWh. At constant pension discount rates
5 Excluding eventual interim dividend for the 2018 fiscal year.
6 Linky is a project led by Enedis, an independent EDF subsidiary as defined in the French Energy Code.
7 Disposals signed or realised.
8 Adjusted for the remuneration of hybrid bonds accounted for in equity.
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EDF - Électricité de France SA published this content on 13 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 November 2018 16:13:03 UTC
Electricite de France SA (EDF SA) is a France-based electricity producer, marketer and distributor. The Company generates energy using nuclear technology, as well as thermal, hydroelectric and other renewable sources. It is involved in energy generation and energy sales to industries, local authorities and residential consumers. In addition, EDF SA manages low and medium-voltage public distribution network and involves in electricity transmission network. It also provides energy services, such as district heating and thermal energy services. The group is present in France, Belgium, the United States, Poland, Italy, China, Vietnam and other countries worldwide. The Company has such subsidiaries Dalkia (including Citelum), under Dalkia's brand and SINOP Energy Company, among others.
E.D.F. 
