EDF / 2018 Reference document

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FINANCIAL STATEMENTS Cash flows and other information

MANAGEMENT COMPENSATION 48.3 The Company’s key management and governance personnel are the Chairman and CEO, the members of the COMEX (Executive Committee) throughout 2018 or since their date of appointment if they joined the COMEX during the year, and the Directors. Directors representing the employees receive no remuneration for their services. The total compensation paid by EDF and controlled companies to the Group’s key management and governance personnel amounted to €12.4 million in 2018 (€12.2 million in 2017). This amount covered short-term benefits (basic salaries, performance-related salary, profit share and benefits in kind), special IEG post-employment benefits where relevant, and the corresponding employer contributions, plus any director’s fees. EDF’s key management and governance personnel benefit from no special pension system, starting bonus or severance payment entitlement except by contractual negotiation. EDF’s Chairman and CEO could benefit from a termination indemnity if his term of office were ended.

Front-end of the cycle Several important agreements were negotiated between EDF and Orano: for supplies of natural uranium: Orano Mining contracts covering the ■ period 2021-2030; for fluoration: a contract covering the period 2019-2030; ■ for enrichment of natural uranium into uranium 235: an Orano Cycle contract ■ for the period 2019-2030. As part of the plan to construct two EPRs in the United Kingdom at the Hinkley Point site, on 29 September 2016 EDF and Orano signed a uranium contract with Orano Mining, and a conversion contract and enrichment contract with Orano Cycle. Back-end of the cycle Relations between EDF and Orano concerning transportation, processing and recycling of spent fuels are described in note 29.1.1.

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EDF I Reference Document 2018