EDF / 2018 Reference document

FINANCIAL STATEMENTS Other information

OTHER OFF-BALANCE SHEET COMMITMENTS NOTE 36 AND OPERATIONS

At 31 December 2018, off-balance sheet commitments related to operations, financing and investments (other than electricity supply commitments and partnership agreements) comprise the following:

Maturity

< 1 year 1 - 5 years 5 - 10 years > 10 years

31/12/2018

31/12/2017

(in millions of euros)

Off-balance sheet commitments given

13,088

19,516 13,280 10,603

12,513 11,170

8,748 8,721 8,538

53,865 40,081 32,232

55,539 41,285 32,660

Operating commitments

6,910 3,942 2,968 3,315 2,863 3,469 1,294

Commitments related to fuel and energy purchases ■

9,149 2,021

Other operating commitments ■ Investment commitments

2,677 2,986 3,250 9,052

183

7,849 6,902 6,882

8,625 7,255 6,999

577 766 585 585

24

Financing commitments

3

Off-balance sheet commitments received

162 162

13,268

13,805

Operating commitments Investment commitments Financing commitments

900

2,941

3,485

21

10

- -

- -

31

36

2,154

8,142

10,296

10,284

6.

COMMITMENTS GIVEN 36.1 In almost all cases, commitments given are reciprocal, and the third parties concerned are under an obligation to supply EDF with assets or services related to operating, investing and financing transactions.

Fuel and energy purchase commitments 36.1.1 In the course of its ordinary generation and supply activities, EDF has entered into long-term contracts for purchases of electricity, other energies and commodities and nuclear fuel, for periods of up to 20 years.

At 31 December 2018, these commitments mature as follows:

Maturity

< 1 year 1 - 5 years 5 - 10 years

> 10 years

31/12/2018

31/12/2017

(in millions of euros)

Electricity purchases and related services

2,340 1,602 3,942

3,650 6,953 10,603

3,599 5,550 9,149

4,903 3,635 8,538

14,492 17,740 32,232

14,360 18,300 32,660

Nuclear fuel purchases

FUEL AND ENERGY PURCHASE COMMITMENTS

Other operating commitments 36.1.2 These are mostly commitments undertaken by EDF through signature of orders relating to operations or contracts in progress, related guarantees, and commitments as lessee under irrevocable operating lease contracts principally for premises, equipment and vehicles. The corresponding rents are subject to renegotiation at intervals defined in the contracts. The decrease in these commitments is explained by the expiry of guarantees previously given in connection with tax disputes. 36.1.3 Investment commitments are mostly commitments for acquisition of property, plant and equipment. The decrease in EDF’s commitments for acquisition of intangible assets and property, plant and equipment is mainly explained by progress on the Flamanville 3 EPR project. Investment commitments

Electricity purchases and related services Electricity purchase commitments mainly concern:

Island Energy Systems (SEI), which has given commitments to purchase electricity ■ generated from bagasse and coal, and electricity generated by the plants of EDF’s subsidiary PEI; hedging contracts: these are forward purchases, for which the volumes and ■ prices are set in contracts with EDF Trading. In addition to the obligations reported above and under Article 10 of the Law of 10 February 2000, in mainland France EDF is obliged, at the producer’s request and subject to compliance with certain technical features, to purchase the power produced by co-generation plants and renewable energy generation units (wind turbines, small hydro-electric plants, photovoltaic power, etc). The additional costs generated by this obligation are compensated, after validation by the CRE, by the CSPE. These purchase obligations total 53TWh for 2018 (47TWh for 2017), including 7TWh for co-generation (6TWh for 2017), 26TWh for wind power (23TWh for 2017), 9TWh for photovoltaic power (9TWh for 2017) and 3TWh

for hydropower (3TWh for 2017). Nuclear fuel purchases

Commitments for purchases of nuclear fuel arise from supply contracts for the nuclear plants intended to cover EDF’s needs for uranium and fluoration, enrichment and fuel assembly production services. The decrease in nuclear fuel purchases in 2018 is mainly explained by the execution of existing contracts.

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EDF I Reference Document 2018