EDF Q1 Report 2022

FINANCIAL INFORMATION AT 31 MARCH 2022 SALES: +61% org.

IN A CONTEXT OF HIGH WHOLESALE PRICES AND A 4% CAP (including taxes) ON REGULATED TARIFFS IN FRANCE (LIMITED IMPACT ON EBITDA) DECLINE IN NUCLEAR OUTPUT IN FRANCE BUYBACKS AT HIGH PRICES (NEGATIVE IMPACT ON EBITDA)

Strengthening of the financial structure and liquidity

• Successful rights issue for €3.15bn with preferential subscription right to shareholders
• Signature of 3-year bilateral term loans for a total amount of c. €12bn

Conflict in Ukraine

• To date, no exposure to Russian companies affected by international sanctions
• Indirect impact: strong commodity volatility, increase in market prices and some tensions on Group’s supply chains

In the first quarter of 2022, Group’s sales were significantly higher than in the first quarter of 2021. They were supported by electricity and gas prices. Sales also benefited from EDF Trading’s strong performance. However, the increase in sales will only have a limited impact in EBITDA.

Moreover, the decline in nuclear output will have a negative impact in EBITDA due to the necessary buybacks of electricity on the wholesale markets in a context marked by a sharp increase in prices.