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INFORMATION ABOUT THE ISSUER
05
5.2 Capex
On August 29, 2013, AREVA launched a new seven-year, 500-million-euro bond
issue maturing on September 4, 2020 with an annual coupon of 3.25%.
On March 12, 2014, AREVA priced and launched a 750-million-euro bond issue
with an annual coupon of 3.125% maturing in nine years, on March 20, 2023.
On April 1, 2014, Advanced Nuclear Fuels GmbH, an AREVA subsidiary, sold its
fuel cladding production plant in Duisburg, Germany.
On May 7, 2014, AREVA finalized the sale of Euriware and of its subsidiaries to
the Cap Gemini group.
On June 30, 2014, AREVA finalized a financing project for the Société
d’Enrichissement du Tricastin (SET). A ten-year loan in the amount of 650 million
euros was established with a group of ten international banks.
On August 1, 2014, on the occasion of the publication of its half-year results,
AREVA announced the decision to terminate the Solar Energy business upon the
completion of current construction projects, unless it received a full takeover bid.
On October 7, 2014, AREVA announced new measures to strengthen its balance
sheet and manage its debt.
On October 22, 2014, in view of Mr. Luc Oursel’s unavailability, the Supervisory
Board decided to confer the same powers to Mr. Philippe Knoche as those of the
Chairman of the Executive Board until the next General Meeting of shareholders.
On October 31, 2014, AREVA finalized the sale of the Control Command Transport
(CCT) business to Alstom via its subsidiary AREVA TA.
On November 18, 2014, in the framework of planning and forecasting activities
performed regularly by the Executive Board, AREVA suspended its financial outlook
for the years 2015 and 2016, pending the conclusion of these activities.
On December 1, 2014, AREVA finalized the sale of the Aerospace Integration
business to AIP Aerospace via its subsidiary AREVA TA.
On March 4, 2015, during the publication of the group’s 2014 results, which were
impacted by a net loss of 4.8 billion euros and negative equity, AREVA announced
the implementation of a competitiveness plan, the establishment of social dialogue
and the preparation of a financing plan.
On March 9, 2015, AREVA and Gamesa signed final agreements and closed the
deal to create Adwen, a joint venture in the field of offshore wind.
On April 14, 2015, following the AREVAGmbH Supervisory Boardmeeting, AREVA
announced that it was opening discussions between management and labor on a
plan to transfer operations from the Offenbach site (700 employees) to the Erlangen
and Karlstein sites by mid-2016.
On June 3, 2015, the President of the French Republic announced a series of
guidelines for the redefinition of the French nuclear industry, including in particular
the signature of a comprehensive strategic partnership agreement with AREVA
which, if it were to be signed, would lead EDF to become the majority shareholder
of AREVA NP, and a capital increase in which the French State will participate is
announced.
On June 29, AREVA announced that it had begun the process of selling its Canberra
subsidiary, which specializes in nuclear measurement systems and instrumentation.
On July 30, during the publication of its half-year 2015 results, AREVA confirmed
financing requirements of approximately 7 bilion euros which could be covered by
several internal sources of financing, the implementation of a programof asset sales,
and additional measures to strengthen liquidity and equity. Moreover, in addition to
the measures in the financing plan, the group announced the need for a significant
capital increase to give AREVA a financial profile enabling it to refinance all of the
company’s medium-term requirements.
On October 19, 2015, AREVA announced the signature of a proposed agreement
on employment by the CFDT, CFE-CGE, FO and UNSA-SPAEN labor unions.
On October 20, 2015, AREVA announced the presentation by management of
documents describing the reorganization plans for New AREVA and AREVA NP,
together with their impacts on employment, to the Works Committees and Central
Works Committees.
On November 2, AREVA and its Chinese partner CNNC signed a memorandum of
understanding in Beijing on possible cooperation involving an equity component
and an industrial component.
On December 24, 2015, AREVA announced that, following analysis of offers, the
AREVA Board of Directors had selected the Mirion-Charterhouse offer to acquire
its subsidiary Canberra.
2016
For the main events of 2016, see Sections 6.4.
Operations
and 9.1.3.
Highlights
of the period.
5.2.
CAPEX
Pursuant to IFRS 5, reported data concern the continuing operations exclusively, i.e.
mainly the OL3 project; bioenergy, in the process of being shut down; and funding
of AREVA SA. All of the financial items related to operations sold, discontinued
or held for sale are presented on a specific line of the statement of income, the
statement of cash flows and the statement of financial position. In this regard, the
data reported in 2015 were restated.
2015
The continuing operations had gross CAPEX of 13 million euros in 2015. Net of
disposals, CAPEX amounted to 12 million euros in 2015.
Operations sold, discontinued or held for sale had gross CAPEX of 794 million
euros in 2015. Net of disposals, CAPEX amounted to 776 million euros in 2015.
In 2015, the bulk of capital expenditures related mainly to the continuation of
strategic and priority investments begun in previous years: Georges Besse II to a
large extent, along with mining development and Comurhex II.
2016 AREVA
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