Financial Analysis - EDF SA (Electricite de France) produces, transmits, distributes, imports and ex

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24.04.2013

Company Analysis - Overview Ticker:

Electricite de France SA

EDF FP

Sector: Utilities

Benchmark: CAC 40 INDEX (CAC)

EN Paris: EDF, Currency: EUR

Currency:

Industry: Electric Utilities

Year:

Telephone 33-1-40-42-22-22 Revenue (M) Website www.edf.fr No of Employees Address 22-30 Avenue de Wagram Paris Cedex 08, 75382 France Share Price Performance in EUR Price 16.24 1M Return 52 Week High 17.19 6M Return 52 Week Low 12.86 52 Wk Return 52 Wk Beta 0.82 YTD Return Credit Ratings Bloomberg S&P Moody's Fitch

EDF SA (Electricite de France) produces, transmits, distributes, imports and exports electricity. The Company, using nuclear power, coal and gas, provides electricity for French energy consumers.

72'729 154'730 6.9% 1.1% 13.7% 16.2%

IG10 A+ Aa3 A+

Date Date Date

12/09 21.1x 13.3x 7.7x 1.3x 2.6x 2.8%

12/10 89.1x 15.1x 6.0x 0.9x 1.8x 3.7%

12/11 11.1x 9.2x 5.1x 0.5x 1.2x 6.1%

12/12 7.8x 9.7x 5.1x 0.4x 1.0x 8.2%

12/13E 9.3x 4.8x 0.4x 0.9x 7.2%

12/14E 8.5x 4.6x 0.4x 0.9x 7.2%

12/15E 7.9x 4.3x 0.4x 0.9x 7.4%

12/09 Gross Margin EBITDA Margin 27.2 Operating Margin 15.7 Profit Margin 6.6 Return on Assets 1.8 Return on Equity 14.7 Leverage and Coverage Ratios 12/09 Current Ratio 1.1 Quick Ratio 0.7 EBIT/Interest 3.4 Tot Debt/Capital 0.6 Tot Debt/Equity 1.8 Eff Tax Rate % 27.5

12/10 24.0 9.6 1.6 0.4 3.3

12/11 21.6 12.0 4.8 1.3 10.5

12/12 19.7 10.3 4.6 1.4 12.2

12/13E 20.7 21.8 11.9 4.5 2.7 10.6

12/14E 21.7 22.3 12.4 4.8 2.7 10.5

12/15E 22.7 12.6 5.1 1.9 10.6

12/10 1.3 0.8 2.3 0.6 1.4 55.4

12/11 1.3 0.8 3.4 0.6 1.7 28.3

12/12 1.2 0.8 3.1 0.7 2.1 30.8

17.01.2012 14.01.2009 07.01.2009

Outlook Outlook Outlook

STABLE NEG STABLE

Business Segments in EUR Generation Supply Distribution Other Eliminations Transmission Integrated Utilities

Sales (M) 54594 14625 4073 -563

Geographic Segments in EUR France Italy United Kingdom Other International Other Activities Germany

6% 1%

Sales (M) 39120 10098 9739 7976 5796

8% 11%

20%

Valuation Ratios P/E EV/EBIT EV/EBITDA P/S P/B Div Yield Profitability Ratios %

13%

73%

Generation Supply

Distribution

54%

14%

France Italy United Kingdom

Other

Eliminations

Other International Other Activities

Current Capitalization in EUR Common Shares Outstanding (M) Market Capitalization (M) Cash and ST Investments (M) Total Debt (M) Preferred Equity (M) LT Investments in Affiliate Companies (M) Investments (M) Enterprise Value (M)

Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |

1846.7 30025.6 #N/A N/A #N/A N/A 0.0 0.0 0.0


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Financial Analysis - EDF SA (Electricite de France) produces, transmits, distributes, imports and ex by Q.M.S Advisors - Issuu