EDF / 2019 Universal registration document

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

Analysis of the business and the consolidated income statements 5.1.4 for 2018 and 2019 Presentation and analysis of the consolidated income statement for 2018 and 2019 Generation and supply activities, France – Regulated activities, EDF Renewables, is shown at two levels of analysis for Sales and EBITDA: a first focusing on the Dalkia, Framatome, United Kingdom, Italy, Other international and Other activities). Group, then a second reporting on the different business segments (France – EBIT (operating profit) and net income are analysed from a general standpoint.

2019  (1)

2018  (2)

(in millions of euros)

Sales

71,317 (35,091) (8,619) (13,793) (3,798)

68,546 (33,056) (9,262) (13,642) (3,690)

Fuel and energy purchases Other external purchases

Personnel expenses

Taxes other than income taxes

Other operating income and expenses

6,692

6,002

Operating profit before depreciation and amortisation (EBITDA)

16,708

14,898

Net changes in fair value on Energy and Commodity derivatives, excluding trading activities

642

(224)

Net depreciation and amortisation

(9,994)

(8,775)

Net increases in provisions for renewal of property, plant and equipment operated under concessions

(8)

(50)

(Impairment)/reversals

(403) (185) 6,760

(290) (105) 5,454

Other income and expenses Operating profit (EBIT)

Cost of gross financial indebtedness

(1,806) (3,161)

(1,712) (3,464)

Discount effect

Other financial income and expenses

4,606 (361) 6,399

378

Financial result

(4,798)

Income before taxes of consolidated companies

656 178 569

Income taxes

(1,581)

Share in net income of associates and joint ventures

818

Net income of discontinued operations

(454) 5,182 5,155 5,597 (442)

(212) 1,191 1,177 1,384 (207)

CONSOLIDATED NET INCOME

EDF net income

Net income of continuing operations Net income of discontinued operations

Net income attributable to non-controlling interests

27 39

14 19 (5)

Net income of continuing operations Net income of discontinued operations

(12)

EARNINGS PER SHARE (EDF SHARE) (IN EUROS) Basic earnings per share

1.50 1.50 1.65 1.65

0.20 0.20 0.27

Diluted earnings per share

Earnings per share of continuing operations Diluted earnings per share of continuing operations

0.27 The financial statements at 31 December 2019 apply IFRS 16 from 1 January 2019. In accordance with the new standard’s transition provisions, the comparative (1) figures have not been restated. The published figures for 2018 have been restated due to the impact of presenting the E&P operations as discontinued operations. (2)

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EDF | Universal registration document 2019

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