EDF / 2020 Universal Registration Document

5 THE GROUP’S FINANCIAL PERFORMANCE AND OUTLOOK Review of the financial situation and results 2020

EXTRACT FROM THE CONSOLIDATED BALANCE SHEET

31/12/2020

31/12/2019

(in millions of euros)

Intangible and tangible assets Other non-current assets

179,658 57,574 237,232 29,259 30,834

174,345 55,120 229,465 29,655 36,568

Non-current assets

Inventories and trade receivables

Other current assets

Cash and cash equivalents

6,270

3,934

Current assets

66,363

70,157

Assets held for sale TOTAL ASSETS Equity (EDF’s share)

2,296

3,662

305,891

303,284

45,633

46,466

Equity (non-controlling interests)

9,593

9,324

Total equity

55,226 85,837 48,420 63,888 198,145 52,412

55,790 80,760 47,465 64,225 192,450 54,001

Non-current provisions Special concession assets Other non-current liabilities Non-current liabilities

Current liabilities

Liabilities related to assets classified as held for sale

108

1,043

TOTAL EQUITY AND LIABILITIES

305,891

303,284

Economic environment 5.1.2 Market prices for electricity and the principal energy sources 5.1.2.1 In an interconnected European market, analysis of French market prices must be related to analysis of market prices in the neighbouring countries. Spot electricity prices in 2020 were lower than in 2019 throughout Europe. Spot electricity prices in Europe (1) 5.1.2.1.1

United Kingdom

France

Italy

Germany

Belgium

Average baseload price for 2020 (€/MWh) Variation in average baseload prices, 2020/2019 Average peakload price for 2020 (€/MWh) Variation in average peakload prices, 2020/2019

32.2

39.6

38.9

30.5

31.9

-18.4% -19.2% -25.6% -19.1% -19.0%

39.0

46.1

44.7

37.5

37.9

-15.9% -13.8% -23.4% -15.7% -18.1%

(1) France and Germany : average previous day EPEXSPOT price for same-day delivery; Belgium : average previous day Belpex price for same-day delivery; United Kingdom : average previous day EDF Trading OTC price for same-day delivery; Italy : average previous day GME price for same-day delivery.

267

EDF - UNIVERSAL REGISTRATION DOCUMENT 2020