EDF / 2019 Universal registration document

5. The Group’s financial performance and outlook Operating and financial review in 2019

Rainfall 5.1.2.4.2 2019 was another year of contrasts in terms of rainfall: in the first half of the year and the summer, there was a shortage of precipitation over much of the southern half of Europe (including France), as well as in Germany and ■ part of Central Europe, while precipitation levels were close to normal in North Europe; the autumn was particularly rainly (especially in the south-east of France). ■

Water flow coefficients in France in 2019 and 2018 (1)

Normal level

2019

2018

Min-max 2009 - 2019

180%

170%

160%

150%

140%

130%

120%

110%

100%

90%

80%

70%

60%

50%

40%

30%

May

June

April

July

March

August

January

February

October

December

November

September

(1) Weekly monitoring by EDF’s OSGE energy observatory of French reservoir levels (Miréor project) as far as the coast.

France suffered a shortfall of precipitation in the first eight months of the year (particularly in February, June and September) and snowfall varied widely between different mountain ranges. The summer was hot and dry once again, with two intense but relatively short heatwaves in less than a month, resulting in fairly harsh summer droughts across a very large area of the Massif Central and in North-East France. The drought was ended in October by abundant rainfall in all zones from the middle of the month. By the end of the year, cumulative precipitation was very high.

As a result of these contrasting weather conditions, water flow coefficients in France were below normal in the first eight months of the year (except in June which benefited from a concentrated thaw), until the situation improved substantially in mid-October. In the last two months of 2019, the aggregate coefficient for France was the highest recorded in more than 50 years (higher than 1992 and 2002). Over the year as a whole, however, it remained slightly (3%) below normal.

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EDF | Universal registration document 2019