Areva - Reference Document 2016

06

BUSINESS OVERVIEW

6.3 Overview and strategy of the group

6.3.

OVERVIEW AND STRATEGY OF THE GROUP

6.3.1. OVERVIEW

AREVA conducts its operations in the energy market, where global demand is propelled by the combined effects of demographic dynamism – particularly in emerging countries – and long-term economic growth, leading to access to energy for as many people as possible. Against that backdrop, nuclear power has several advantages to secure its position in the global energy mix: it is one of the few energies to limit carbon dioxide emissions, avoid the ups and downs of fossil energy markets, and meet demand for base load electricity. Consistent with the divisions for the redefinition of the French nuclear industry, AREVA’s consolidation scope was divided into separate scopes in 2016: p NewAREVAHolding, temporarily calledNewCo, which combine all of the nuclear fuel cycle operations: mining, uranium chemistry and enrichment, used fuel recycling, logistics, dismantling and nuclear waste management;

p the AREVA NP operations, which cover the activities of fuel assembly design and fabrication as well as the design, supply, construction, servicing and upgrading of nuclear steam supply systems. In 2017, EDF should take a majority interest in these operations lodged whithin NewNP (except for the OL3 contract) according to the memorandum of understanding and share purchase agreement signed in July and November 2016 respectively; p other operations held for sale or remaining in the AREVA SA consolidation scope until they are sold or completed, including the OL3 contract.

SCOPE OF AREVA OPERATIONS AT DECEMBER 31, 2016

Activités NewCo NewCo op rati ns

Activités AREVA NP AREVA NP operations

Autres activités Oth r operations

Propulsion & réacteurs de recherche Propulsion and Research Reactors

New NP New NP

Mines Mining

Fuel

Combustible

Amont Front End

Energies renouvelables Renewable energies

Base Installée Installed Base

Aval Back End

Bioénergies Bioenergies

Grands Projets (hors Projet OL3) Large Projects (excluding OL3 project)

Recyclage Recycling

Logistique nucléaire Nuclear Logistics

Stockage d’énergie Energy Storage

Composants Co ponents

Démantèlement & Services Dismantling and Services

Direction Technique & Ingénierie Technical & Engineering Department

Energie solaire Solar En rgy

Operations held for sale

Autres activités Other operations

Operations remaining in the AREVA SA consolidation scope until their sale or discontinuation Operations for which majority control is to be ceded to EDF

Energie éolienne Wind En rgy

Instrumentation & Contrôle Commande Instrumentation and Control

AREVA Projets AREVA Projects AREVA Med AREVA Med

Projet OL3 OL3 project

Organization as of December 31, 2016

Source:AREVA.

54

2016 AREVA REFERENCE DOCUMENT