EDF / 2020 Universal Registration Document

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

PORTFOLIO CONTENT UNDER THE CLASSIFICATION FROM ARTICLE 4, DECREE 2007-243 OF 23 FEBRUARY 2007

31 December 2020

31 December 2019

Net book value (1)

Net book value (1)

Net book value (1)

Categories (in millions of euros)

Realisable value

CTE (the holding company that holds 100% of RTE) (2)

2,705

2,788

2,705

2,926

Derivatives

16

16

(10)

(10)

Other unlisted securities and shareholder loans (3)

3,329 6,050 10,765

3,616 6,420 13,174

2,826 5,521 10,865

3,164 6,080 12,978

YIELD ASSETS

Funds not exclusively invested in OECD bonds

Hedges, deposits, amounts receivable

-

188 330

-

46

Other unlisted securities GROWTH ASSETS

323

263

276

11,088

13,692

11,128

13,300

OECD government bonds and similar

4,598

4,879

4,338

4,548

OECD corporate (non-government) bonds and negotiable debt securities

1,431 6,981

1,460 7,217

1,793 4,830

1,827 5,038

Funds investing in the above two categories (4)

CSPE

-

-

684 146

688 142

Other unlisted securities

164

155

Derivatives

32

25

5

1

FIXED-INCOME ASSETS TOTAL DEDICATED ASSETS

13,206 30,344

13,736 33,848

11,796 28,445

12,244 31,624

Net book value in the parent company financial statements. (1) In 2020 and 2019, dedicated assets include 50.1% of Coentreprise de Transport d’Électricité (CTE). (2) Including €155 million of shareholder loans due to be capitalised, concerning a long-term investment in a real estate vehicle controlled and managed by Korian. (3) Including + €170 million of cash that was not reinvested in 2020. (4)

The table below presents the performance of the portfolio at 31 December 2020 and 31 December 2019:

PERFORMANCE OF EDF’S DEDICATED ASSET PORTFOLIO

Performance for 2020

Performance for 2019

31/12/2020

31/12/2019

Stock market or realisable value

Stock market or realisable value

Portfolio

Portfolio

(in millions of euros)

Yield assets

6,420

2.3%

6,080

8.9%

Growth assets

13,692 13,736 33,848

10.3%

13,300 12,244

25.9%

Fixed-income assets

4.1%

5.2%

TOTAL DEDICATED ASSETS

5.9% 31,624

13.5%

BREAKDOWN OF PORTFOLIO PERFORMANCE UNDER THE CLASSIFICATION FROM ARTICLE 4, DECREE 2007-243 OF 23 FEBRUARY 2007

Performance for 2020

Performance for 2019

31/12/2020

31/12/2019

Stock market or realisable value

Stock market or realisable value

Portfolio

Portfolio

(in millions of euros)

CTE shares (1)

2,788 4,117

1.6% 2.9%

2,926 3,572

12.6%

Other unlisted securities and shareholder loans (2) (3) (4)

6.0%

Equity funds (3)

13,362 12,396

10.6%

13,024 11,226

26.3% 6.1% -0.3% 0.6% 13.5%

Bonds, negotiable debt instruments and bond funds (3)

4.3%

Monetary funds

1,185

- 0.4%

188 688

CSPE

-

2.5%

TOTAL DEDICATED ASSETS

33,848

5.9% 31,624

In 2020 and 2019, dedicated assets include 50.1% of Coentreprise de Transport d’Électricité (CTE). (1) EDF Invest excluding CTE. The performance of EDF Invest including CTE is +2.3% in 2020 and +9.0% in 2019. (2) Including derivatives. (3) Including €155 million of shareholder loans due to be capitalised, concerning a long-term investment in a real estate vehicle controlled and managed by Korian. (4)

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EDF - UNIVERSAL REGISTRATION DOCUMENT 2020