SALES AND HIGHLIGHTS
FIRST QUARTER 2021
DISCLAIMER
This presentation does not constitute an offer to sell securities in the United States or any other jurisdiction.
No reliance should be placed on the accuracy, completeness or correctness of the information or opinions contained in this presentation, and none of EDF representatives shall bear any liability for any loss arising from any use of this presentation or its contents. The quarterly financial information is not subject to an auditor's report.
The present document may contain forward-looking statements and targets concerning the Group's strategy, financial position or results. EDF considers that these forward-looking statements and targets are based on reasonable assumptions as of the present document publication, which can be however inaccurate and are subject to numerous risks and uncertainties. There is no assurance that expected events will occur and that expected results will actually be achieved. Important factors that could cause actual results, performance or achievements of the Group to differ materially from those contemplated in this document include in particular the successful implementation of EDF strategic, financial and operational initiatives, changes in the competitive and regulatory framework of the energy markets, as well as risk and uncertainties relating to the Group's activities, its international scope, the climatic environment, the volatility of raw materials prices and currency exchange rates, technological changes, and changes in the economy.
Detailed information regarding these uncertainties and potential risks are available in the Universal Registration Document (URD) of EDF filed with the Autorité des marchés financiers on 15 March 2021, which is available on the AMF's website at www.amf-france.organd on EDF's website at www.edf.fr, as well as in the 2020 financial report available on EDF's 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.
SALES FIRST QUARTER 2021 | 2 |
FIRST QUARTER 2021 SALES
Xavier Girre
Group Senior Executive VP- Finance
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31 MARCH 2021 KEY FIGURES & HIGHLIGHTS
In €m | Q1 2020 | Q1 2021 | ∆% | ∆% Org.(2) |
restated (1) | ||||
Sales | 20,701 | 21,949 | +6.0 | +6.2 |
- Positive price effects in France (including regulated tariff increase and TURPE indexation)
- Favourable weather conditions in Europe
- Favourable gas market conditions, both in midstream activities and in Dalkia and Edison downstream activities. Limited impact on margin
- Lower nuclear output in France and in the United Kingdom with limited effect on sales
- The Q1 2020 published data have been restated for the impact of the change in the scope of the ongoing E&P disposal
- Organic change at comparable scope, standards and exchange rates.
SALES FIRST QUARTER 2021 | 4 |
HIGHLIGHTS (1/2)
NUCLEAR
ASN AUTHORISATIONS
Decision on the terms for continuing to operate the 900MW reactors beyond 40 years
Approval of the penetration weld repair process using remotely-controlled robots for Flamanville 3 EPR (1)
UNITED KINGDOM
Temporary restart of Hinkley Point B and Hunterston B before moving into the defueling phase
Sizewell B outage extended by 3 months from end of May to end of August 2021
INDIA
Submission of a binding technical and commercial offer to supply engineering studies and equipment for the constructions of 6 EPR (2) at Jaitapur
WINTER PERIOD MANAGEMENT
France: appropriate level of output ensuring permanent supply to customers over 2020/2021 winter
Texas extreme cold weather event: no significant effect on the Group's net result according to first estimates
- See Q1 2021 Appendices on Flamanville 3 p5 and p6
- EDF would not be in charge of the construction neither of the financing
SALES FIRST QUARTER 2021
CSR
RENEWABLES
OFFSHORE WIND POWER
Launch of the construction of the Courseulles-sur-Mer wind farm (448MW)
SOLAR & STORAGE
300MW solar project awarded in Saudi Arabia
(Jeddah), and launch of construction. Commissioning planned in 2022
3 long-termcontracts awarded for 303MW solar projects in New York state (USA)
Kenya: acquisition of shares in Econet Energy Kenya and Bboxx Kenya (distributed solar and Off-Grid businesses)
HEALTH CRISIS
EDF remains fully mobilised to ensure the continuity of activities while maintaining the reinforced protection measures for employees and service providers
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EDF - Électricité de France SA published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 15:45:04 UTC.