P12 Electricity market P14 Europe P16 Major achievements in 2016 P18 Main infrastructures of key energy transition investments

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1 MEMO 2017

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3 Table of Contents P02 RTE in 2016 P03 Profile P04 The grid P06 Flow of electricity P08 Generation P10 Consumption & exchange P12 Electricity market P14 Europe P16 Major achievements in 2016 P18 Main infrastructures of key energy transition investments P20 Financial results for the RTE Group P22 RTE Group organizational structure as of January 2017 P24 Socio-economic footprint 1

4 RTE IN ,446 M turnover 403 M net income 8,500 employees 2

5 PROFILE A vibrant economy sustained by the electricity our grid High and ultra-high-voltage electricity powers our industries and lights up our regions. We make realtime adjustments to supply and demand. We foster regional solidarity so that everyone can have access to electricity. In France and in Europe, second by second. The electricity system is changing more quickly than ever. In order to be prepared for the future, RTE must remain a step ahead. That is the purpose of the company s Impulsion et Vision project, which we initiated in Improving our performance to public utility. Innovating to become electricity and digital technology. Reaching out to others so that the happens. From second to second. Yesterday, today and tomorrow. 3

6 RTE S GRID 938 KM of new or refurbished lines in NEW SUBSTATIONS Including 14 RTE substations and 16 customer substations 96% of new 90 kv and 63 kv lines commissioned between 2014 and 2016 are underground 4

7 OVERHEAD AND UNDERGROUND LINES 60,000 50,000 40,000 30,000 20,000 10, , ,517 1,354 52,662 4, kv 225 kv 150 kv Overhead lines (km) Underground lines (km) NUMBER OF RTE SUBSTATIONS STANDARDIZED VOLTAGE 400 KV AND 225 KV STANDARDIZED VOLTAGE 150 KV 1,

8 THE FLOW OF ELECTRICITY THROUGH RTE S GRID 477 TWh * total energy injected into the network by generation units in 2016 * billions of kwh 6

9 NET ENERGY INJECTED ON THE RTE GRID IN TWH Total net energy injected Nuclear Hydroelectric Fossil Fuel Thermal in 2015 in Wind * Mainly: urban waste, paper manufacturing waste, biogas, photovoltaic Other renewable energy sources* NET DELIVERY ON THE RTE GRID IN TWH Total net delivery Distribution networks in 2015 in Direct customers 6.7 Pumping 6.6 Losses in TWh or 2.19% Exchange (exports) NET DELIVERY CORRECTED FOR EXTREME WEATHER IN TWH Total Distribution networks in 2015 in Direct customers Pumping Exchange (exports)

10 GENERATION +1.75% Wind and photovoltaic generation in 2016 (compared with 2015) 8

11 INSTALLED POWER IN MW IN FRANCE 11,670 WIND 21,847 FOSSIL FUEL THERMAL 25,482 HYDRO-ELECTRIC 6,772 PHOTOVOLTAIC 1,918 BIOENERGY 63,130 NUCLEAR ENERGY GENERATED IN TWH IN FRANCE 45.9 FOSSIL FUEL THERMAL (8.6%) 63.9 HYDRO- ELECTRIC (12%) 384 NUCLEAR (72.3%) 20.7 WIND (3.9%) 8.5 BIOENERGY (1.6%) 8.3 PHOTOVOLTAIC (1.6%) EVOLUTION OF WIND AND PHOTOVOLTAIC GENERATION IN MW Installed wind capacity as of 31 December Installed photovoltaic capacity as of 31 December 10,000 8,000 6,000 4,000 2, ,502 2, , , ,762 2,584 6,714 3,727 7,536 4,366 8,157 5,297 9,313 6,191 10,512 6,772 10,

12 CONSUMPTION & EXCHANGE TWh French consumption in

13 HISTORY OF FRENCH GROSS ANNUAL CONSUMPTION IN TWH HISTORY OF ANNUAL CONSUMPTION PEAKS IN FRANCE IN GW , NET PHYSICAL EXPORT BALANCE IN TWH

14 THE ELECTRICITY MARKET 55 Number of balancing entities as of 31 December Balance responsible entities as of 31 December compared with Annual volume of power exchanged on the market in TWh (EPEX SPOT) 2016 RESULTS OF THE BALANCING MECHANISM (USED TO ADJUST POWER SUPPLY AND DEMAND) 2.81 TWh TWh 12

15 CONTRACTUAL CROSS-BORDER EXCHANGES IN 2016 IN TWH GREAT BRITAIN 12.7 CWE* FRANCE 7.3 SWITZERLAND SPAIN TOTAL EXPORTS : 71.7 TOTAL IMPORTS : 32.6 ITALY * Central West Europe (CWE): the area covering France, Belgium, Germany, Luxembourg and the Netherlands, where electricity market prices have been aligned since 2010 BREAKDOWN OF THE ADJUSTMENT MECHANISM FOR YEAR 2016 IN TWH 2,000,000 1,500,000 1,000, , ,233, ,371,689 Hydroelectric activated submitted 109,706 Nuclear 1,014, , ,915.5 Fossil fuel thermal 16, TSO-Player exchanges 1,008, ,923.5 Consumption load-shedding 158, ,251 TSO-TSO exchanges (Balit/Support) 13

16 EUROPE 600 million consumers in Europe 14

17 50 cross-border links between France and neighbouring countries 10,000 MW of interconnection capacity with our European neighbours 15

18 SAINT-LO West powe and pro inte P inte th ÉVREU MAJOR ACHIEVEMENTS IN 2016 CAEN SAINT-BRIEUC N power ALENÇON C QUIMPER RENNES LAVAL 232 LE MANS High-speed rail connection VANNES NANTES LA ROCHE-SUR-YON 233 Nantes Metropole power supply ANGERS TOURS 286 High-sp connect CH TYPE OF WORK Refurbishment of lines Construction of new lines Project being studied LA ROCHELLE NIORT POITIERS 525 South Saintes power supply 289 High-spee connection ANGOULÊME LIMOG Supply security AIM Combined cycle gas turbines Renewable energy Tidal power Interconnections BORDEAUX 234 High-speed rail PERIGU connection 220 Bordeaux power supply AGEN MAIN PURPOSE OF PROJECTS MONT-DE-MARSAN Interconnections Connection of consumer Supply security Production integration SECURITY OF THE ELECTRIC SYSTEM Management of low voltage levels Management of high voltage levels Short-circuit current control Network stability 539 Biarritz-Anglet-Bayonne power supply PAU TARBES 467 Production integration in Lannemezan area AUCH 16

19 MELUN 165 Amiens supply duction gration oduction gration in e Somme ROUEN X Gonesse power supply PONTOISE NANTERRE anterre VERSAILLES supply HARTRES Network security in Paris region AMIENS BEAUVAIS ARRAS LILLE 258 LAON Voltage management in Normandy and western CHALONS-EN- Paris BOBIGNY PARIS CRETEIL EVRY 236 Central Paris power supply 227 South Lille power supply 167 Connection of Bouchain gas-fired combined cycle plant TROYES CHAMPAGNE CHARLEVILLE-MÉZIÈRES 166 Reims and Ardennes power supply BAR-LE-DUC 457 Production integration in Champagne CHAUMONT METZ NANCY 300 North Lorraine power supply 413 Voltage management in eastern France ÉPINAL 310 Adaptation of COLMAR network in Alsace STRASBOURG BLOIS ORLEANS AUXERRE 519 Connection of Joux-La-Ville wind farm DIJON VESOUL BESANÇON 238 South Mulhouse BELFORT power supply eed rail ion ATEAUROUX BOURGES NEVERS LONS-LE-SAUNIER MOULINS d rail ES EUX CAHORS MONTAUBAN FOIX GUERET TULLE Rodez power RODEZ supply North Tarn power TOULOUSE supply CARCASSONNE CLERMONT-FERRAND Connection of consumer customer 456 ALBI AURILLAC SAINT-ETIENNE Modification of power supply for customer Eurodif NIMES MÂCON BOURG-EN-BRESSE LYON LE PUY-EN-VELAY Connection of Laveyrune wind farm PRIVAS MENDE Production MONTPELLIER integration in Aveyron Montpellier Rhône power supply valley network security North Saint-Etienne power supply ANNECY Villefranche electricity supply VALENCE 140 GRENOBLE South Valence power supply GAP 910 Production integration in PACA region AVIGNON 249 Vaucluse power supply MARSEILLE 247 PACA region power supply CHAMBÉRY DIGNE-LES-BAINS 248 Network security in Manosque area TOULON 667 Voltage management NICE in PACA region PERPIGNAN 17

20 ALENÇON MAIN INFRASTRUCTURES OF KEY ENERGY TRANSITION INVESTMENTS SAINT-LO CAEN SAINT-BRIEUC QUIMPER RENNES LAVAL LE MANS VANNES ANGERS TOURS NANTES LA ROCHE-SUR-YON TYPE OF WORK Refurbishment of lines Construction of new lines LA ROCHELLE NIORT POITIERS Project being studied Supply security ANGOULÊME AIM Combined cycle gas turbines P Renewable energy Tidal power BORDEAUX Interconnections MAIN PURPOSE OF PROJECTS Interconnections Connection of consumer Supply security Production integration SECURITY OF THE ELECTRIC SYSTEM Management of low voltage levels Management of high voltage levels Short-circuit current control Network stability MONT-DE-MARSAN PAU TARBES AGE AUCH 18

21 MELUN VESOUL NEVERS CAHORS ANNECY ARRAS BELFORT CHATEAUROUX VERSAILLES COLMAR PARIS BAR-LE-DUC BEAUVAIS CLERMONT-FERRAND LIMOGES NIMES ORLEANS AVIGNON N CHAUMONT CHALONS-EN-CHAMPAGNE GRENOBLE CHARTRES MONTAUBAN CHARLEVILLE-MÉZIÈRES TOULOUSE MÂCON CARCASSONNE FOIX AUXERRE ROUEN BOURG-EN-BRESSE DIJON ÉVRY ÉPINAL AMIENS PERPIGNAN LYON TOULON ÉRIGUEUX BOURGES LONS-LE-SAUNIER RODEZ TULLE ALBI LE PUY-EN-VELAY MOULINS GAP STRASBOURG CHAMBÉRY BLOIS MENDE LILLE GUERET NANTERRE BOBIGNY CRETEIL SAINT-ETIENNE PRIVAS BESANÇON DIGNE-LES-BAINS NICE AURILLAC LAON TROYES MARSEILLE NANCY MONTPELLIER VALENCE METZ ÉVREUX PONTOISE 19

22 FINANCIAL RESULTS FOR THE RTE GROUP INCOME STATEMENT Millions of euros Turnovers 4,593 4,446 EBITDA 1,913 1,711 EBIT 1, Financial result Net income Financial results shown are in line with IFRS (International Financial Reporting Standards). The transmission cost represents 8% of a domestic customer s electricity bill on average HISTORY OF RTE S INVESTMENTS (MILLIONS OF EUROS) Within the perimeter of RTE investments approuved by CRE in current euros. 1,600 1, ,021 1,170 1,158 1,357 1,446 1,374 1,402 1,519 1, (1) 20

23 FINANCIAL INDICATORS GEARING Ratio net indebtedness / equity 61.3% 62.6% ECONOMIC PROFITABILITY (ROCE) Ratio EBIT / capital employed for business 8.0% 5.7% FINANCIAL PROFITABILITY (ROE) Ratio net profit / equity 4.2% 7.9% SIMPLIFIED BALANCE SHEET ASSETS (millions of euros) Net fixed assets 15,711 16,407 Receivables and inventories 1,443 1,636 Cash flow and short financial assets LIABILITIES (millions of euros) Equity 5,159 5,105 Provisions 1,159 1,638 Financial indebtedness 9,234 8,985 Other liabilities 2,576 2,760 in 2015 and 8,539 million euros in NB: Figures for the RTE Group comply with IFRS, except for the return on capital employed which is calculated based on the parent 21

24 RTE GROUP ORGANIZATIONAL STRUCTURE AS OF 1 ST MARCH % 34% 100% 49% 100% 100% 100% 22

25 50% 50% 17% IFA2 12% 5% 23

26 SOCIO- ECONOMIC FOOTPRINT 72,450 jobs supported by RTE s activity in job created directly by RTE supports 7.1 jobs across France 6.8 bn of GDP generated by RTE s activity in produced by RTE generates an additional GPD of 1.3 for the French economy 24

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28 1, terrasse Bellini TSA La Défense Cedex - France RTE Réseau de transport d électricité société anonyme with an Management Board and a Supervisory Board (limited company) with a capital of 2,132,285,690 - RCS Nanterre Design and production