2021 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 real 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) filed with the AMF on 15 March 2021 (under number D.21-0121), which may be consulted on the AMF website at www.amf-france.orgor on the EDF website at www.edf.fras well as the interim financial report as of end-June 2021, which is also available on the EDF website.
EDF does not undertake nor does it 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
2021 HALF-YEAR RESULTS | 2 |
HALF-YEAR RESULTS 2021
Jean-Bernard Lévy
Chairman and Chief Executive Officer
3
HIGHLIGHTS (1/2)
NUCLEAR
FRANCE
Existing nuclear
Increase of the 2021 nuclear output estimate to 345TWh - 365TWh
ASN generic decision on the conditions for the continued operation of 900MW reactors after 40 years
Inclusion in the first-half financial statements of the extension of the depreciation period to 50 years for 1,300MW reactors
Flamanville 3 (1 )
Onsite delivery of all fuel assemblies
Successful start of operations to repair penetration welds, using remotely-operated robots, following ASN(2) agreement
Pending ASN ruling on the treatment of 3 nozzles of the main primary circuit
New nuclear
Submission by EDF and the nuclear industry, to the public authorities, of their contribution to the programme to build 3 pairs of new ERP2 reactors in France
Small Modular Reactor: establishment of the industrial organisation for the Nuward project
CHINA
Taishan: anomaly in the fuel assemblies of the reactor No.1 (3)
- See Appendices to H1 2021 results regarding Flamanville 3 p8 and p9.
- Autorité de Sûreté Nucléaire, the French nuclear safety authority
(3) See press releases on 14 June and 22 July 2021
2021 HALF-YEAR RESULTS
CSR
UNITED KINGDOM
Hinkley Point C: start of the equipment installation phase and progressive delivery of civil engineering in the nuclear island
Dungeness B's closure and start of the defueling phase
Agreement with the UK Government to decommission the 7 AGR (4) nuclear power stations
RENEWABLES
PROJECT PIPELINE
66GW gross(5) at end-June 2021, an increase of 10% vs. December 2020
US: - Winner of the 1.5GW Atlantic Shores offshore project, via
- 50/50 joint-venture
- 3 solar projects awarded for a total of more than 300 MW
France: 13 ground-mountedsolar projects amounting to 75MW as part of the solar plan awarded to EDF
CAPACITY UNDER CONSTRUCTION | ||||
8.6GW(6) gross at end-June 2021, i.e. +8% vs end-Dec 2020 | ||||
COMMISSIONED | ||||
1GW in H1 2021 (of which a 344 MW wind farm in Brazil) vs. | ||||
0.6GW in H1 2020 | ||||
HYDROPOWER | ||||
Nachtigal (420MW) in Cameroon, more than 40% of civil | ||||
engineering works achieved | ||||
(4) | Advanced Gas-Cooled Reactor | |||
(5) | Wind and solar projects at Group level | |||
(6) | 8.6GW at Group level (4.8GW solar capacity, 1.7GW wind capacity and 2.1GW offshore) 4 | |||
vs. 8GW end-December 2020 |
HIGHLIGHTS (2/2)
CUSTOMERS AND SERVICES
COMMERCIAL PERFORMANCE
Close to 1.2 million residential electricity customers in market offers in France, +17.6% vs. end-2020
1.15 contracts in electricity, services and gas per customer at end-June 2021 (target of 1.5 by 2030 (1))
Signature of renewable power purchase agreements
(PPA) with Bouygues Telecom, SNCF and the RATP
BROADENED OFFERING
Launch of the 20-yearLease-Purchase business offer for photovoltaic self-consumption
Partnership with Bosch to launch a comprehensive energy efficiency and decarbonisation offer for industrial customers
ENEDIS
Strong growth in grid connections
Finalisation of the Linky programme: c. 32.5 million Linky smart meters installed at end-June 2021, representing a 95% programme achievement
- EDF estimate: France, United Kingdom, Italy and Belgium (Residential Customers)
- Gross, excluding hydro, shared between wind and solar.
- Exploration and Production activities, except activities in Algeria
CSR
ITALY
Reorganisation of the Group's Italian renewable assets within Edison, with a target to achieve c. 4GW in renewable capacity(2) by 2030
Disposal of the E&P business(3) finalised
INNOVATION
HYDROGEN
Pre-selection by Germany of an industrial renewable hydrogen production project 300MW, to the IPCEI(4)
MOBILITY
Cooperation agreement between Toyota and EDF as part of a "Vert Électrique Auto" offer in France
Group: more than 144,000 charging points rolled out and managed at end-June 2021 (o/w 122,000 by Pod Point, +28% vs. end-2020)
Commissioning of 50MW of batteries as part of the ESO project(5) in the United Kingdom
INTERNATIONAL
Signature of financing agreements to build the largest biomass plant in West Africa (46MW, in the Ivory Coast)
Signature of a development agreement for a 240MW hybrid floating solar project on the Nam Theun 2 reservoir in Laos
- Important Project of Common European Interest
- Energy Superhub Oxford, located in Oxford, UK, with 100% renewable energy
2021 HALF-YEAR RESULTS | 5 |
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EDF - Électricité de France SA published this content on 07 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2021 12:21:04 UTC.