EDF_REGISTRATION_DOCUMENT_2017

5.

THE GROUP'S PERFORMANCE IN 2017 AND FINANCIAL OUTLOOK Operating and financial review

Content and performance of EDF’s dedicated asset portfolio BREAKDOWN OF THE PORTFOLIO

31/12/2017

31/12/2016

Equities sub-portfolio Bonds sub-portfolio Cash sub-portfolio CSPE after funding

35.5% 31.1% 33.0% 26.8% 0.4% 3.5% 11.9% 16.7% 19.2% 21.9% 100% 100%

Unlisted assets (EDF Invest)

TOTAL

At 31 December 2017, the total value of the portfolio was €28,115 million compared to €25,677 million in 2016.

The content of the financial portfolio is also presented in note 47 to the 2017 consolidated financial statements, “Dedicated assets”.

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

31 December 2017

31 December 2016

Net book value (1)

Realisable value

Net book value (1)

Realisable value

Categories (in millions of euros)

OECD government bonds and similar OECD corporate (non-government) bonds Funds investing in the above two categories Funds not exclusively invested in OECD bonds Hedges, deposits, amounts receivable TOTAL FINANCIAL PRODUCT PORTFOLIO CTE (the holding company that holds 100% of RTE) (2) Other unlisted securities and real estate assets

4,261

4,363

3,167

3,335

618

636

542

593

4,352 8,230

4,544 9,785

3,910 6,059

4,058 7,790

-

30

(18)

(18)

17,461 2,705 2,427 5,132 3,294 25,887

19,358 2,705 2,703 5,408 3,349 28,115

13,660 3,905 1,530 5,435 4,182 23,277

15,758 3,905 1,728 5,633 4,286 25,677

TOTAL EDF INVEST CSPE after funding

TOTAL DEDICATED ASSETS

Net book value in the parent company financial statements. (1) In 2017, dedicated assets include 50.1% of Coentreprise de Transport d’Électricité (CTE) (75.9% in 2016). (2)

286

EDF I Reference Document 2017