ORANO // Annual Activity Report 2024

Summary

EDITORIALS

2

4.6 Report on the certi fi cation of sustainability information and veri fi cation of the disclosure requirements under Article 8 of Regulation (EU) 2020/852 for Orano SA, for the year ended December 31, 2024 CORPORATE GOVERNANCE AND GENERAL INFORMATION 5.1 Administration and management of the Company 5.2 Compensation of corporate of fi cers 5.3 Corporate Governance Reference Code FINANCIAL STATEMENTS 6.1 Consolidated fi nancial statements - 6.2 Statutory Auditors’ report on the consolidated fi nancial statements for the fi nancial year ended December 31, 2024 6.3 Company fi nancial statements - fi nancial year ended December 31, 2024 6.4 Statutory Auditors’ report on the company fi nancial statements for the fi nancial year ended December 31, 2024 7.2 Injunctions or fi nes for anti-competitive practices 7.3 Information on employee representative bodies 7.4 Information on payment terms 7.5 Information on loans granted to other companies pursuant to Articles L. 511-6 and R. 511-2-1-1-II of the French Monetary and Financial Code fi nancial year ended December 31, 2024 MISCELLANEOUS INFORMATION 7.1 Statutory Auditors 5.4 Additional information 5.5 Share capital and shareholding

1

PRESENTATION OF THE ORANO GROUP 5 1.1 Overview of Orano 6 1.2 Contribute to key global issues 8 1.3 Our activities 10 1.4 An operational risk management 12 1.5 A responsible and fully committed governance 13 1.6 Our value creation model 14 1.7 Sharing with our stakeholders 16 1.8 A committed roadmap for 2030 18 1.9 Financial and non- fi nancial performance 20

263

5

269

270 295 304 305 309

2

SITUATION AND ACTIVITIES OF THE COMPANY AND ITS SUBSIDIARIES DURING THE PAST FINANCIAL YEAR 2.2 Simpli fi ed group organization chart – subsidiaries, equity interests and branch of fi ces 2.1 Highlights of the fi nancial year 2.4 Research and Development activities 2.5 Financial situation of the Company and the group during the past fi nancial year 2.6 Foreseeable developments and future prospects 2.3 The group’s businesses

23

6

313

24

314

29 31 46

383

391

47

57 59

416

2.7 Signi fi cant post-closing events

7

421 422

3

RISKS, CONTROL AND DUTY OF VIGILANCE PLAN

61 62 65 68 82

3.1 Internal control system

422

3.2 Methodology: risk mapping and risk management

422 423

3.3 Risk factors

3.4 Duty of vigilance plan

4

SUSTAINABILITY STATEMENT 4.1 Societal and environmental challenges at the heart of the strategy

109

423 424 424 425 427

7.6 Five-year fi nancial summary

7.7 Table of subsidiaries and associates 7.8 List of French companies indirectly

110 142 194 237

4.2 Environmental information 4.3 Social and societal information

controlled by Orano at December 31, 2024

7.9 Financial glossary

4.4 Governance information

4.5 Summary of indicators and cross-reference tables

251