EDF / 2019 Universal registration document

CONTENTS

The Group, its strategy and activities

3

The Group’s financial performance and outlook

243

Key figures

4 6 8

Operating and financial review in 2019 5.1

244 275

Business model

Subsequent events 5.2

History and Organisation of the Group 1.2

Changes in market prices at the end of 5.3 February 2020

Group strategy 1.3

12 16 82 98

275 275

Description of the Group’s activities 1.4 Legislative and regulatory environment 1.5 Research & development, patents and licences 1.6

Outlook 5.4

Financial statements

277

Risk factors and control framework 103 Risk management and control of activities 2.1. 104 Risks to which the Group is exposed 2.2 110

Consolidated financial statements 6.1 Notes to the consolidated financial statements Statutory auditors’ report on the consolidated 6.2 financial statements

278 285

394 399

Non-financial performance

129

Financial statements 6.3

Statutory Auditors’ report on the financial 6.4 statements

EDF, a responsible company 3.1

130

454 457 458

EDF, a company committed to the energy 3.2 transition EDF, a company committed to a just and fair 3.3 transition 186 Appendices, concordance tables and report from 3.6 Statutory Auditors 187 136 146 179 Indicators and methodology 3.4 Non-financial rating 3.5

Dividend policy 6.5 Other items 6.6

Information relating to the allocation 6.7 of proceeds raised through Green Bonds issued by EDF

460

General information about the Company and its capital

465

Corporate governance

205

General information 7.1 about the Company

466

Corporate Governance Code 4.1 Members and functioning 4.2 of the Board of Directors Executive Management 4.3

206

Incorporation documents 7.2 and articles of association Information regarding capital 7.3 and share ownership Market for the Company’s shares 7.4

467

208 235

470 477 478 482

Conflicts of interest and interests of corporate 4.4 officers and executives Shareholding by corporate officers and trading 4.5 in EDF securities by corporate officers and executives

237

Related-party transactions 7.5

Material contracts 7.6

238

Compensation and benefits of 4.6. corporate officers

Additional information 483 Person responsible for the Universal Registration 8.1 Document and the Certification 484 Auditors – Statutory Auditors 8.2 484 Publicly available documents and financial 8.3 reporting calendar 485 Appendices – remuneration policy 8.4 485 Concordance tables 8.5 490 Glossary 498

239

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