Electricité de France (ECIFY) Investor presentation summary

Group strategy and financial performance

• Leading global producer of zero direct CO2 emission electricity, with 95% decarbonised generation and a carbon intensity of 26.5gCO2/kWh at end-2025.

• Operational figures: 120GW installed capacity, 515TWh electricity output, 41.1m customers, €113.3bn sales, €29.3bn EBITDA, €9.6bn operating cash flow, €24.0bn net investments, €51.5bn net financial debt.

• Strategic focus on electrification, low-carbon generation, flexibility, and network development, aiming for 550–600TWh low-carbon output by 2035.

• Net investments of €84bn planned for 2026–2028, with €80bn dedicated to low-carbon activities.

• Innovation and R&D prioritized, with over €805m group R&D expenses in 2025 and 100% of R&D budgets in France dedicated to decarbonization.

International footprint and business segments

• Operations span Europe, Americas, Africa, Middle East, and Asia, with 126GW net capacity globally.

• Major presence in France, UK, Italy, and Belgium (G4 countries), with diversified assets in nuclear, hydro, renewables, and gas.

• France: 57 nuclear reactors, 424 hydropower plants, and leading energy services; UK: 9 nuclear reactors, Hinkley Point C and Sizewell C under construction.

• Italy: Edison focuses on renewables and gas, aiming for 4GW renewables by 2030; Belgium: Luminus is a leader in wind and energy services.

• Expanding renewable and flexible assets in Americas, Africa, Middle East, and Asia, including major hydro, wind, and solar projects.

Nuclear business and lifecycle management

• World leader in nuclear energy, managing the full lifecycle: design, operation, maintenance, decommissioning, and waste management.

• Grand Carénage program extends reactor life beyond 40 years, with €5bn annual investments and focus on safety and climate adaptation.

• New build: EPR2 program in France (6 reactors planned), Hinkley Point C and Sizewell C in UK, and SMR development (Nuward project).

• Framatome and Arabelle Solutions provide global nuclear engineering, equipment, and services.

• Comprehensive radioactive waste management, including deep geological disposal (Cigéo) and innovative recycling via Cyclife.