SALES UP 77% org.()
SHARP DROP IN NUCLEAR OUTPUT IN FRANCE
IN A VERY HIGH PRICE ENVIRONMENT
DRAFT DOCUMENT RELATING TO THE SIMPLIFIED TENDER OFFER
FILED BY THE FRENCH STATE WITH THE AMF

Highlights

  • Draft document relating to the simplified tender offer filed by the French State
    • Filing on 4 October by the French State with the French Financial Market Authority (AMF) of the draft document relating to the simplified tender offer at €12 per share and €15.52 per convertible bond
  • Nuclear
    • Stress corrosion phenomenon: repairs completed on the circuits of the 5 reactors (3 of which had no signs of stress corrosion), 5 reactors undergoing repairs and investigation on 5 reactors.
    • ARENH appeal: filing of a legal claim on 9 August with the Conseil d'état and a claim for indemnification with the French State for an amount estimated to date at €8.34 billion
  • Renewables
    • Saint Nazaire offshore wind turbines installed (480MW): first GWh injected into the market
  • Customers
    • Return of customers to EDF (net gains of more than 939k contracts over 12 months mainly in regulated tariffs) with a negative impact in EBITDA because of the purchase of the corresponding volumes on the market at very high prices
    • Launch of the sobriety plan: promotion of load shedding and modulation offers and communication campaign on useful gestures
  • Financing
    • Senior bond issue on 5 October in 3 tranches for a nominal amount of €3 billion, including a green tranche for €1.25 billion, with a 12-year maturity
  • Regulation
    • European regulation capturing infra-marginal revenues of producers to €180/MWh
    • Limit the increase in the regulated tariff in France to 15% including tax, as of 1st February 2023 announced by the French government

NB: see the whole press release in the PDF file opposite

( ) Organic change at comparable scope, standards and exchange rates.

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EDF - Électricité de France SA published this content on 27 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2022 06:53:09 UTC.