YES, NUCLEAR IS AN ENERGY OF THE FUTURE - Orano

 
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YES, NUCLEAR IS AN ENERGY OF THE FUTURE - Orano
YES, NUCLEAR IS AN
ENERGY OF THE FUTURE
YES, NUCLEAR IS AN ENERGY OF THE FUTURE - Orano
CONTENTS

                                                       EDITORIAL

 05 PURP OSE
                                                       YES,
AND COMMITMENTS
                                                       NUCLEAR IS

 14
                                                       AN ENERGY
                                                       OF THE FUTURE
    CLI MATE

 20
                  CLAUDE IMAUVEN
                  Chairman of the Board of Directors

      MAD E
   IN FRANCE

 28
                                   The Covid-19 health and economic crisis has
                                   shown us this. By questioning our development
                                   model, it has called for a fairer, more sustainable
                                   and safer society. A society in which Orano has
                                   a role to play. A key player in a nuclear sector
    LOC AL                         that provides abundant, reliable and low-carbon
    ROOTS                          electricity, the group actively contributes, through

 36
                                   its technologies, industrial know-how, skills and
                                   commitment, to the society of tomorrow.
                                   A group at the forefront of the fight against global
                                   warming and the preservation of the planet’s
                                   resources, committed to the development of
  EMPLOYMENT                       regions, employment and medical research, ready
   AND SKILLS                      to respond to the challenges of our time, whether

 44
                                   they concern energy, the environment or health.
                                   By adopting a Purpose and a new commitment
                                   policy, the group has chosen to set itself ambitious
                                   objectives. The Board of Directors approved this
                                   approach, which strengthens Orano’s positioning
  THE WORLD
 OF TOMORROW
                                   as a committed player providing solutions for the
                                   world of tomorrow.

 52  ORA NO
    IN BRIEF
                                   So yes, nuclear energy is essential
                                   for present and future generations.

                                                            1
YES, NUCLEAR IS AN ENERGY OF THE FUTURE - Orano
edge technologies and its ability to           to meet the needs of its customers,
                                                                   PHILIPPE KNOCHE
                                                                   Chief Executive Officer
                                                                                                     Climate                                      rise to the challenges of tomorrow.
                                                                                                                                                  Strengthening our attractiveness also
                                                                                                                                                  means being able to instill greater
                                                                                                                                                                                                 present and future, creating value for
                                                                                                                                                                                                 them and for us.

                                                                                                                                                  diversity and inclusion in our organization,   This value creation means firstly
                                                                                                    “Since its creation, Orano has been           combating all forms of discrimination.         through innovation. Innovation that
                                                                                                    committed to the fight against global         With an ambitious target for 2025:             meets customer expectations.
                                                                                                    warming. Firstly, because nuclear             that 75% of employees recommend                Innovation that serves society, the
                                                                                                    energy is low-carbon, and promotes            Orano to outside parties and, in particular,   energy transition and the preservation

              THE BIG
                                                                                                    the decarbonization of electricity            to those who wish to join our group.”          of resources. And innovation which
                                                                                                    generation, which has become an                                                              allows the development of new growth
                                                                                                    essential component of the energy                                                            opportunities, in new business sectors.

                                                                                                                                                   Customers
                                                                                                    transition and effective scenarios to                                                        This is the pioneering spirit of Orano,
                                                                                                    mitigate greenhouse gas emissions                                                            so precious in building the next world.

               INTERVIEW
                                                                                                    (GHG). But we go further.

                                                                                                    Since 2004, we have already reduced
                                                                                                    emissions from our industrial sites.
                                                                                                                                                   growth                                        The group’s Innovation Business
                                                                                                                                                                                                 strategy explores models for future
                                                                                                                                                                                                 value creation. We therefore plan to
                                                                                                    We will continue with a target of reducing                                                   continue expanding our recycling offer.
                                                                                                    our direct and indirect emissions by          “There can be no development of                In the medical field, we are proud of the
                                                                                                    40% by 2025 compared to 2015, the             a company without the trust and                promising projects pursued by Orano
                                                                                                    benchmark year for France’s national          satisfaction of its customers.                 Med, our subsidiary dedicated to nuclear
     In a world where climate change and access to energy represent                                 low carbon strategy (Stratégie nationale      Orano has a large customer portfolio,          medicine, to develop new therapeutic
significant challenges’ in 2021 Orano is rolling out a new corporate project                        bas carbone – SNBC). More than                based on strong, long-term customer            solutions for the treatment of cancers.”
                                                                                                    10 decarbonization projects are currently     relationships. Our group must continue
     based on commitment, with strong ambitions. Philippe Knoche                                    being studied in order to achieve
  presents the five strategic axes that will project Orano into the future.                         this goal. It is a priority environmental
                                                                                                    objective for our group.”

                                                                                                     Skills
                                                                                                    “A company that puts skills at the center
                                                                                                                                                             “We want to build a group connected to
                                                                                                    of its priorities is an attractive company.              its environment, which acts for the climate,
                                                                                                    When we foster talent development                        the preservation of resources and health.
                                                       contributing to economic development         through our training policy, when we
                                                                                                                                                             A group capable of being profitable while
     Community                                         while protecting the environment.

                                                       According to a survey we have
                                                                                                    create working conditions that contribute
                                                                                                    to well-being, when we promote high-
                                                                                                    quality social dialog, we create pride in
                                                                                                                                                             contributing to carbon neutrality, developing
                                                       conducted, 60% of people living near         belonging and commitment. Today, this                    the skills of its employees, attracting
    “What makes our activities special is              our sites in France believe that nuclear     is the purpose of our ambition and our                   the best talent and innovating to position
    their timescale. It takes several decades,
    from the project phase to redevelopment,
                                                       energy is an asset for the region.
                                                       We hope that these local roots will
                                                                                                    actions: developing the talents already
                                                                                                    present and attracting those of tomorrow.
                                                                                                                                                             Orano in the world of tomorrow.”
    including the operational phase, and               continue to grow even stronger in the
    requires us to forge long-term relationships       coming years, relying on the ongoing         Joining Orano is the possibility of
    with the regions that host our industrial          pursuit of economic development,             entering a multitude of professions at
    or mining sites. We commit very early              proactive initiatives for the environment,   the crossroads of climate and energy,
    on to close relationships with our local           such as eco-design, and a frank and          a group recognized for its culture of
    stakeholders in order to share our vision:         constructive dialog.”                        innovation, industrial expertise, cutting-

                                                   2                                                                                                                   3
YES, NUCLEAR IS AN ENERGY OF THE FUTURE - Orano
OUR PURPOSE

                                                Meeting                                      To develop know-how in
                                                the challenges                            the transformation and control
                                                of today                                      of nuclear materials, for
 Cash                                           and tomorrow                                 the climate, for a healthy
“In 2020, Orano confirmed its level of         “On the strength of these solid results,
                                                                                           and resource-efficient world,
profitability with a positive net cash
flow, allowing further debt reduction,
but also with a gross operating margin
                                               and the commitment at all levels of
                                               the company to safety and security,
                                               Orano wishes to continue its development
                                                                                                now and tomorrow.
that rose by more than 25%. As in              by promoting nuclear materials for
previous years, order intake also reached      the climate, healthcare and a resource-
a very high level of 1.9 billion euros,        efficient world.
despite the health crisis. This is testament
to the confidence of our customers,            Our new Purpose defines who we are,
whether in the supply and transformation       and is consistent with society’s current
of uranium, the manufacturing of               concerns. It commits us to being
recycled MOX fuel, or short-cycle services     proactive and providing solutions for
(transportation, manufacturing of              current challenges concerning the
packages, engineering, dismantling),           climate, energy or societal issues and
enabling Orano to prepare for the future.      projects the group into the future with
                                               ambitious targets.”
Our group has two very compatible
objectives for the coming years:
continue to reduce its environmental
footprint, particularly in the use of raw
materials, water and waste reduction;
operate efficiently and be profitable.”

                     4                                                                                    5
YES, NUCLEAR IS AN ENERGY OF THE FUTURE - Orano
COMMUNITY                                                              CLIMATE

                                                                                                          PURPOSE AND COMMITMENTS

                                         5
  BE ENGAGED AND                                                          CONTRIBUTE
RESPONSIBLE LOCALLY                                                       TO CARBON
IN OUR ENVIRONMENT                                                        NEUTRALITY
                                                                                                            Through its Purpose, Orano is fully committed to climate protection,
                                                                                                        the preservation of natural resources and the search for innovative healthcare
                                                                                                           solutions. This Purpose is not an empty claim. It drives our dynamism
                                                                                                         and deeply commits us. It is now part of our corporate project and informs
                                                                                                                 the roadmap which will guide our actions to the year 2030.
      Relationships with our
        stakeholders are all
                                   COMMITMENTS                           This is the number one
                                                                      climate challenge worldwide.
    the more important as our       Proof of our determination,       Thanks to low-carbon nuclear
      activities are conducted      values and responsibilities       energy to generate electricity,
       over several decades.             towards society.                 Orano contributes to
  Orano aims to be a committed                                           the fight against global
     and responsible player in                                           warming while reducing
  the regions where it operates,                                           its carbon footprint.                            ACTIONS VISIBLE AS OF 2021
     both for the preservation
     of their environment and
         their development.
                                                                                                                   Integration of CSR criteria into the compensation
                                                                                                                   of managers
                                                                                                                   In 2021, the implementation of certain actions and the achievement of
                                                                                                                   the roadmap objectives will count for 10% in the variable compensation
                                                                                                                   criteria for some 2,500 eligible managers worldwide. The objectives
                                                                                                                   cover topics as diverse as the carbon footprint, eco-design, waste
             SKILLS                   CUSTOMER GROWTH                             CASH                             reduction, skills development, youth employment and inclusion, and
                                                                                                                   impactful innovation.
  MOBILIZE PROUD                     INNOVATE TO                           OPERATE
  AND COMMITTED                        PRESERVE                       EFFICIENTLY WHILE                            Investments assessed according to their consistency
    EMPLOYEES,                     RESOURCES AND                        REDUCING OUR                               with the corporate project
                                                                                                                   In 2021, all investment projects will be presented to the Executive
   WHO EMBODY                      PROTECT HEALTH                         FOOTPRINT                                Committee and the Board of Directors according to an analytical grid
   OUR PURPOSE                                                                                                     assessing their consistency with the group’s five commitments. A grid
                                                                                                                   structured around the six Sustainable Development Goals (SDGs) that
                                                                                                                   Orano has placed at the heart of its commitment policy. This principle
                                                                                                                   will be extended to other group processes in the area of acquisitions,
                                                                                                                   offers, purchasing, etc.

       The implementation            A company can only grow             Orano is convinced that                   A third electric boiler for Orano la Hague
 of our commitment policy relies   with the trust of its customers.          there can be no
                                                                                                                   Orano la Hague has decided to reduce its carbon footprint by replacing
      on the women and men            Orano must continue to             economic performance
 of Orano. The group’s objective    respond to the needs of its        and sustainable profitability               a heavy fuel oil boiler with a third electric boiler. In October 2020, the
      is to develop the skills     current and future customers           without reducing the                     heavy fuel oil supply was ended and the boiler is currently being
    of today and tomorrow in         with innovative products           environmental footprint.                   supplied with domestic fuel oil pending the order for the electric boiler
   an attractive, inclusive and     and services, while offering                                                   in 2021. The installation and commissioning of the new boiler by 2023
     innovative environment.       society solutions in the fields                                                 will ultimately result in savings of more than 40,000 metric tons of CO2e.
                                     of the preservation of the
                                   environment and healthcare.

                                                  6                                                                                                    7
YES, NUCLEAR IS AN ENERGY OF THE FUTURE - Orano
COLLECTIVE WORKING                                    “This motivating project was

          - 40%
 reduction in our direct and indirect
                                              2025                            1,000
                                                                               managers involved in
                                                                                                                RICH IN EXCHANGES
                                                                                                                AND COMMITMENTS
                                                                                                                                                                      co-constructed throughout 2020
                                                                                                                                                                      with more than 1,300 group
                                                                                                                                                                      employees and 130 stakeholders.
carbon footprint, compared to 2015
          (scopes 1 and 2)
                                               MARKERS                      mentoring or tutoring actions
                                                                                                                                                                      This collective work led to the
                                                                                                                                                                      formalization of our Purpose, our

          80%                                                                 €4.5Bn
                                                                                                                                                                      commitments and our roadmap

  of people living near our sites
 have a positive view of Orano’s
                                                1
                                                - 0%
                                              of non-recycled waste
                                                                                     in revenue
                                                                            while maintaining EBITDA of
                                                                                                                                                                      to 2030.”

                                              produced versus 2019
      actions in their region                                                more than 1 billion euros
                                                                                                                                                                         CHALLENGING OUR
                                                                                                                                                                      PERCEPTION OF ORANO
                                                                                                                                                                       L G Who is Orano today? What is
                                                                                                                                                                      our added value? How are we perceived
                                           2030 OBJECTIVES                                                                                                            by our main stakeholders, whether
                                                                                                                                 LAURENCE                             customers, suppliers or local residents,

                                                                                                                                 GAZAGNES
                                                                                                                                                                      elected officials, journalists, etc.?
          COMMUNITY                                 SKILLS                    CUSTOMER GROWTH                                                                         To respond to these issues, 55 Orano
                                                                                                                                 HSE(1) Director                      employees interviewed 130 stakeholders
                                                                                                                                                                      to better understand their expectations
                                                                                                                                                                      vis-à-vis Orano in social and
                                                                                                                                                                      environmental matters. Their feedback
      Strengthen local roots,                  Offer professional and          Expand our recycling offer                                                             is the subject of a summary report
   particularly in the area of skills       personal development in an                                                   A CO-CONSTRUCTION                            called a “materiality analysis”, a first
   development and employment              attractive working environment                                             APPROACH                                        for Orano.
                                                                                                                       L G Because Orano’s future is being
                                                                                                                      constructed together, the commitment-              WHAT IS A MATERIALITY
                                                                            Develop anti-cancer treatments                                                            ANALYSIS USED FOR?
                                                                                                                      based approach had to be established
  Create a second life for the sites                                                                                  collectively. Since the last quarter of          L G It identifies the significant and
                                                  Be a benchmark,                                                     2019, the teams have worked with the            relevant issues that have an impact
                                               inclusive employer that                                                Executive Committee, 1,300 managers             on the group’s performance, prioritizes
                                                 promotes diversity                Become a player in                 and employees. At the end of 2019,              them and compares and contrasts
                                                                               the medical, industrial and            a first phase enabled the group to select       impressions within Orano with those
  Eco-design all our major projects                                             research isotopes market
                                                                                                                      the six priority Sustainable Development        of external stakeholders. These open
                                                                                                                      Goals (SDGs) from among the                     and constructive discussions provided
                                                                                                                      17 challenges for society set out by the        a wealth of useful feedback.
             CLIMATE                               Develop our                          CASH                          UN. This co-construction approach               The process and the collective approach
                                              innovation ecosystem                                                    continued during the first half of 2020,        helped us to define our Purpose,
                                                                                                                      in the middle of the lockdown, through          commitments and roadmap to 2030.
                                                                                                                      a series of workshops involving
                                                                                                                      managers and employees working                     HOW IS THIS ROADMAP
                                                                                  Improve the efficiency
     Reduce the “equivalent”                                                of the extended enterprise by 25%         on Orano’s contributions to these               GOING TO BE ROLLED OUT?
carbon footprint of our activity in line                                                                              six themes:                                      L G Starting this year, it will inform
     with the Paris Agreement                                                                                          climate and carbon neutrality;                 Orano’s processes and policies, as well
                                                                                                                       preservation of natural resources              as our strategic priorities up to 2030.
                                                                                                                       and reduction of waste;                        In order to give a strong momentum to
                                                                               Reduce our production of
                                                                              non-recycled waste by 25%                reliable energy at an affordable cost;         this approach, quantified objectives
                                                                                                                       environmentally friendly                       and markers have been defined by the
   Innovate to reduce the footprint
                                                                                                                       industrialization and innovation;              teams as of 2025. They will be rolled
    of our customers and increase
 the acceptability of nuclear energy                                                                                   skills development in the regions;             out within all group entities so that
             and materials                                                                                             safety, security, health and the               everyone contributes.
                                                                                                                       contribution to medical research.              (1) Health, safety, environment.

                                                         8                                                                                                        9
YES, NUCLEAR IS AN ENERGY OF THE FUTURE - Orano
LATEST NEWS FROM ORANO

 SNAPSHOTS

                                                                                                                                                                    MANAGING THE
                                      PROJECTS                                                                                                                    COVID-19 SITUATION
                                                                                                                                                            Since the epidemic's first wave,
                                      SIGNATURE OF A CONTRACT

                         APRIL 2020
                                                                                                                                                            Orano put in place a system to adapt its
                                      WITH THE FRENCH ATOMIC
                                                                                                                                                            industrial activity to the development
                                      ENERGY COMMISSION AND                                                                                                 of the health crisis, with three priorities:
                                      MILITARY APPLICATIONS                                                   CHEMISTRY                                       preserve the health of its employees;
                                      DEPARTMENT (CEA-DAM) FOR                                                & ENRICHMENT                                    ensure the nuclear safety
                                      A NEW RECYCLING WORKSHOP                                                                                                of its facilities;
                                                                                                              THE PHILIPPE COSTE PLANT:

                                                                                                AUGUST 2020
                                      The contract covers the detailed                                                                                        maintain the energy supply
                                      preliminary design for a new nuclear                                    COMMISSIONING OF THE                            contributing to the generation
                                      waste recycling workshop at the                                         SECOND BUILDING FOR                             of electricity.
                                      Valduc site, in France. It marks                                        FLUORINE PRODUCTION
                                                                                                                                                            Thanks to the commitment and
                                      a significant step in the growth                                        Philippe Coste, on the Tricastin site,
                                                                                                                                                            mobilization of its teams, Orano
                                      of Orano’s external activities.                                         houses the new additional fleet of
                                                                                                                                                            was able to continue to respond to
                                      The workshop was named “R2D2”                                           34 electrolyzers, equipment designed
                                                                                                                                                            strategic needs of EDF and its
                                      and represents 18 million euros in                                      to produce the fluorine needed
                                                                                                                                                            European and international customers.
                                      engineering services. An agreement                                      to convert UF4 into UF6. These new
                                      that resulted in the mobilization                                       units will make it possible to double         Throughout the crisis, the group also
                                      of the first Orano employees at                                         the fluorine production capacity to           supported front-line caregivers in
                                      the Valduc site in the last quarter                                     15,000 t U/year. On August 20, 2020,          the fight against the epidemic. Orano
                                      of 2020.                                                                the first kilos of UF6 were produced.         distributed more than 80,000 masks
                                                                                                                                                            and 30,000 sets of protective
                                                                                                                                                            equipment to hospitals located
                                                                                                                                                            near its facilities and to healthcare
                                                                                                                                                            professionals, as well as various
                                                                                                                                                            laboratories. Protective visors
                                                                                                                                                            manufactured using its 3D printers
                                                                                                                                                            and hydroalcoholic solution produced
                                                                                         RECYCLING                                                          in its Beaumont Research Hall
                                                                                                                                                            (Normandy) are all initiatives taken
                                                                                         CONVERGENCE PROJECT:                                               by the group’s women and men.

                                                                             JULY 2020
                                                                                         TRANSFORMATION OF THE
                                                                                         LA HAGUE SITE TO CREATE                                                       Watch the video
                                                                                         THE PLANT OF TOMORROW
                                                                                         Convergence revisits the industrial
                                                                                         model with a view to a single
                                                                                         treatment plant on the Orano
                                                                                         la Hague site. This project is based
                                                                                         on two key areas: modernization
                                                                                         of the control rooms and systems
                                                                                         and bringing together support
                                                                                         functions in one place, the latter
                                                                                         currently being spread over nearly
                                                                                         30 different locations on the site.

                                 10                                                                                                                    11
YES, NUCLEAR IS AN ENERGY OF THE FUTURE - Orano
LATEST NEWS FROM ORANO

 SNAPSHOTS

                                             MINING
                                             LAUNCH OF THE DRILLING

                              OCTOBER 2020
                                             CAMPAIGN IN THE KYZYLKUM
                                                                                                                     DISMANTLING
                                             DESERT, UZBEKISTAN
                                             The diversification of operating
                                                                                                                     & SERVICES
                                             methods and geographical locations                                      ADP OBTAINS THE OPERATING

                                                                                                     NOVEMBER 2020
                                             is one of the strengths of Orano’s                                      LICENSE FOR THE CRYSTAL RIVER
                                             mining business. In 2019, Orano
                                                                                                                     NUCLEAR POWER PLANT
                                             strengthened its presence in Central
                                                                                                                     The North American electricity generator
                                             Asia and signed a partnership
                                                                                                                     Duke Energy entrusted Accelerated
                                             agreement with the Uzbek Government
                                                                                                                     Decommissioning Partners (ADP), a joint
                                             to develop exploration activities and
                                                                                                                     venture between NorthStar and Orano,
                                             mining operations in the country.
                                                                                                                     with a contract for more than 500 million
                                             The Kyzylkum Desert drilling campaign
                                                                                                                     dollars for the complete dismantling
                                             began on October 22, 2020.
                                                                                                                     and management of used fuel from the
                                                                                                                     pressurized water reactor of the Crystal                                ORANO SOLIDAIRES
                                                                                                                     River 3 nuclear power plant (CR-3), in Florida.                  In the context of a global health crisis,
                                                                                                                     Orano’s teams will carry out the cutting                         the group launched the operation
                                                                                                                     and packaging of the reactor vessel                              “Orano Solidaires” based on three
                                                                                                                     and primary cooling system components.                           essential areas to combat the
                                                                                                                                                                                      pandemic: medical research, support
                                                                                                                                                                                      for caregivers and for the most
                                                                                                                                                                                      disadvantaged population groups.
                                                                                                                                                                                      One year after its creation, more
                                                                                                                                                                                      than 40,000 euros have been collected
                                                                                                                                                                                      from Orano employees according to
                                                                                                                                                                                      the principle “1 euro given = 1 euro
                                                            NUCLEAR MEDICINE                                                                                                          matched by Orano”.
                                                                                                                                      NUCLEAR PACKAGES
                                                            INCREASE IN LEAD-212                                                      & SERVICES                                      This collection has made it possible
                                             OCTOBER 2020

                                                            PRODUCTION CAPACITY                                                                                                       to donate to local care center charities,

                                                                                                                         MARCH 2021
                                                            FOR THE DEVELOPMENT                                                       SIGNATURE OF AN AGREEMENT                       or others that work to combat the
                                                                                                                                      WITH DAHER TO ACQUIRE                           pandemic, such as AVI Drôme, Coup
                                                            OF CANCER TREATMENTS
                                                                                                                                      ITS NUCLEAR ACTIVITIES IN                       de Pouce and Narbonne Solidaire.
                                                            On October 29, 2020, the Orano Med
                                                            teams successfully conducted                                              GERMANY AND NORTH AMERICA                       Orano Solidaires aims to continue to
                                                            the first operation for the production                                    Daher is not only an aircraft and               carry out actions which embody the
                                                            of lead-212 by dissolving thorium                                         equipment manufacturer. The group               group’s social and human commitment.
                                                            nitrate on the new production lines                                       is also a designer and operator of
                                                            at the Laboratoire Maurice Tubiana                                        logistics services for aeronautics and
                                                            (LMT) located in Bessines-sur-                                            high-tech industries. The logistics
                                                            Gartempe (France). This milestone                                         business was of particular interest to
                                                            is the realization of Orano Med’s                                         Orano, particularly for its locations in
                                                            commitment to produce the necessary                                       Germany and North America. Daher
                                                            isotopes in sufficient quantities                                         Nuclear Technologies’ know-how in
                                                            and at a level of purity in accordance                                    upstream transportation thus helps
                                                            with pharmaceutical standards,                                            the group to reinforce its position in
                                                            to enable the development and                                             the nuclear transportation business,
                                                            marketing of cancer treatments.                                           and provides new sites.

                         12                                                                                                                                                      13
YES, NUCLEAR IS AN ENERGY OF THE FUTURE - Orano
CLIMATE

                       YES
                NUCLEAR POWER
                IS AT THE FOREFRONT
                OF THE FIGHT AGAINST
                GLOBAL WARMING

                                                                                Over
                                            CO²

                        Electricity generation is the main
                       source of CO2 emissions worldwide
                                                                              90%
                                                                        Thanks mostly to nuclear power,
                                                                        but also to renewables including
                         due to the predominant share of               hydropower, France has over 90%
                         fossil fuels (mainly gas and coal).                low-carbon electricity.

                         According to experts at the IPCC(1),        Climate experts recommend increasing
                             to limit global warming                 the proportion of low-carbon energy
                           to +1.5°C, the use of nuclear                used to generate electricity from
                               energy is essential.                  30% today to more than 80% by 2050.

     (1) Intergovernmental Panel on Climate Change.

14                                                              15
YES, NUCLEAR IS AN ENERGY OF THE FUTURE - Orano
CLIMATE

                                                                                                                    #1        • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
                                                                                                                                                                                                                                                                                                                                 #4     • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

                                                                                                                    Low-carbon energy                                                                                                                                                                                            Competitive energy
7   reasons to                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           +60%
                                                                                                                    Nuclear energy is one of the least greenhouse gas (GHG)                                                                                                                                                      Nuclear energy is actually one of the least expensive sources of electricity,                                                                                                                                           This is how much more a German
    rely on nuclear                                                                                                 emitting energies in the world with emissions comparable to
                                                                                                                    wind power, 4 times lower than that of solar and 40 times less
                                                                                                                                                                                                                                                                                                                                 allowing France to have an electricity price which is among the lowest
                                                                                                                                                                                                                                                                                                                                 in Europe.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         household pays on its electricity bill
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         compared to a French household.
power to combat                                                                                                     than gas. Its very low level of CO2 emissions makes it an
                                                                                                                    indispensable energy for the low-carbon transition.
global warming                                                                                                      Greenhouse gas emissions (gCO2eq/kWh)
                                                                                                                    900
                                                                                                                                                                                                                                                                                                                                 #5                                                                                                                          #6
                                                                                                                               820
The capacity of nuclear                                                                                             800                                                                                                                                                                                                                 • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •                                                     • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

                                                                                                                    700

                                                                                                                                                                                                                                                                                         Source: IPCC literature review, 2015.
to guarantee low-carbon                                                                                             600
electricity generation
is invaluable in addressing
                                                                                                                    500
                                                                                                                    400
                                                                                                                                                          490
                                                                                                                                                                                                                                                                                                                                 A vital energy                                                                                                             Energy with
the climate emergency.
                                                                                                                    300
                                                                                                                    200                                                                                                                                                                                                          for the world                                                                                                              low raw material
                                                                                                                                                                                                                                                                                                                                 of tomorrow                                                                                                                consumption
                                                                                                                    100                                                                41                         24                        12                           11
                                                                                                                      0
                                                                                                                              Coal                       Gas                       Solar                      Hydro                  Nuclear                         Wind                                                                                                                                                                                                                                                                                                                        96%
                                                                                                                                                                                                                                                                                                                                 The equation to be resolved is well                                                                                         Orano recycles used nuclear fuel to                                                                                                 of used fuel is recyclable,
                                                                                                                       DID YOU KNOW?                                                                                                                                                                                             known: in 2050, due to the growth                                                                                           produce new fuel, thereby helping to                                                                                                helping to preserve
                                                                                                                                                                                                                                                                                                                                 in global demographics, the use of                                                                                          preserve natural resources. In France,                                                                                              natural resources.
                                                                                                                       The significant share of nuclear power enables France to                                                                                                                                                  electric mobility and economic                                                                                              one in ten light bulbs works thanks to
                                                                                                                       have one of the most low-carbon electricity mixes in Europe.                                                                                                                                              development in emerging countries,                                                                                          recycled nuclear fuel.                                                                                                              100 g
                                                                                                                                                                                                                                                                                                                                 we will need twice as much electricity.                                                                                     With the recycling of uranium and used                                                                                              of uranium produce
                                                                                                                                                                                                                                                                                                                                 At the same time, we need to achieve                                                                                        MOX fuel, savings of 25 to 30% of raw                                                                                               as much energy as
                                                                                                                                                                                                                                                                                                                                 carbon neutrality.                                                                                                          materials could be achieved.                                                                                                        one metric ton of oil.

  #2      • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
                                                                                                                    #3        • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

  Constant                                                                                                          Essential energy                                                                                                                                                                                                                                                                                                                         #7                   • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

  and controllable                                                                                                  for the electricity mix                                                                                                                                                                                      As electricity generation is currently
                                                                                                                                                                                                                                                                                                                                                                                                                                                            Health-friendly
  energy                                                                                                            In all scenarios studied by the IPCC and the         to
                                                                                                                    generate low-carbon electricity, a significant development
                                                                                                                                                                                                                                       IEA(1)                                                                                    the primary source of CO2 emissions
                                                                                                                                                                                                                                                                                                                                 worldwide due to the use of fossil
                                                                                                                                                                                                                                                                                                                                                                                                                                                            energy
  Thanks to its robust production system,                                                                           of renewable energies can only be considered alongside                                                                                                                                                       fuels (coal and gas), climate experts
  nuclear power supplies electricity on a                                                                           nuclear energy in order to avoid the use of fossil fuels.                                                                                                                                                    recommend increasing the share of                                                                                           Unlike fossil fuel power plants (coal, gas, oil), nuclear power plants
  continuous basis that can be adapted to                                                                           Renewable energies (solar, wind) are by nature intermittent                                                                                                                                                  low-carbon energy used to generate it                                                                                       do not emit fine particles, nitrogen dioxide, or sulfur dioxide into
  demand. Thus, nuclear power contributes                                                                           and cannot on their own meet the current and future energy                                                                                                                                                   from 30% to more than 80% by 2050.                                                                                          the atmosphere. Atmospheric pollution, in addition to the climate
  significantly to securing electricity                                                                             needs of 8 billion people on the planet.                                                                                                                                                                                                                                                                                                 emergency, is also a major public health issue.
  transmission to hospitals, companies,
                                                                                                                    As a result, nuclear and renewables must be considered
  housing and transport worldwide.                                                                                                                                                                                                                                                                                                                                                                                                                                 DID YOU KNOW?
                                                                                                                    together to sustain the low-carbon energy transition
  Another major benefit of nuclear power is                                                                         and meet France’s commitments to fight global warming.                                                                                                                                                                                                                                                                                         Power plants are often pictured with gigantic plumes of smoke
  that France is 56% energy independent.                                                                                                                                                                                                                                                                                                                                                                                                                           coming out of the reactors. These are not CO2 emissions but only
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   water vapor from cooling towers. It is completely harmless to
                                                                                                                    (1) International Energy Agency.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                   humans and the climate.

                                                                                                                       16                                                                                                                                                                                                                                                                                                                                                                  17
CLIMATE

                                                                                                                                                                      IMPROVE OUR ENERGY EFFICIENCY
                                                                                                                                                                      The challenges of energy efficiency are an essential
                                                                                                                                                                      driver of Orano’s decarbonization goals. Based on
                                                                                                                                                                      energy audits and the measurement of the direct
                                                                                                                                                                      and indirect carbon footprint started in 2004,

                                                                                                         –60%                         –91%
                                                                                                                                                                      an action plan has been established to reduce
                                                                                                                                                                      the group’s energy and carbon bill. These actions
                                                                                                                                                                      concern the replacement of fuel-powered
                                                                                                         REDUCTION in direct          REDUCTION                       equipment with electrical equipment, the
                                                                                                         and indirect GHG             IN ENERGY
                                                                                                                                                                      introduction of LED lighting, optimization of fluid
                                                                                                         emissions (scopes 1 and 2)   CONSUMPTION
                                                                                                         since 2004                   since 2004                      production tools and the possible use of renewable
                                                                                                                                                                      energy production resources in countries where
                                                                                                                                                                      electricity is highly carbon-intensive.
                                                                                                                                                                      ASSESS THE FOOTPRINT
                                                                                                                                                                      OF OUR VALUE CHAIN
                                                                                                                                                                      Orano consolidates knowledge of its scope 3
                                                                                                                                                                      emissions, meaning emissions from its Upstream
                                                                                                                                                                      and Downstream activities in the nuclear fuel
                                                                                                                                                                      cycle, with a view to identifying reduction drivers.
                                                                                                                                                                      This scope, by nature very diverse, concerns
                                                                                                                                                                      the purchase of raw materials, equipment, etc.
                                                                                                                                                                      Its assessment shows 1.3 MtCO2e, i.e. three times
                                                                                                                                                                      the direct and indirect emissions (scopes 1
                                                                                                                                                                      and 2), of which 70% from the item “Purchases of
                                                                                                                                                                      goods and services”. The identification of drivers
                                                                                                                                                                      to lower consumption, consume locally and

            REDUCE
                                                                                                                                                                      increase low-carbon consumption will also have
                                                                                                                                                                      the objective of generating positive effects on
                                                                                                                                                                      the group’s efficiency.

            OUR CARBON                                                                                                                                                         GREENHOUSE GAS

            FOOTPRINT
                                                                                                                 CONTRIBUTE TO CARBON NEUTRALITY                                EMISSION SCOPE
                                                                                                                 IN 2050                                                            (GHG protocol definition)
                                                                                                                 Based on these results, Orano wants to contribute
                                                                                                                 to carbon neutrality with a new target to reduce                             scope
                                                                                                                 its GHG emissions by 2030. The group is studying                              1
                                                                                                                 more than 10 internal decarbonization projects                 Direct emissions from fossil fuel
                                                                                                                 for a total of 140 ktCO2e. Through its objectives             combustion (gas, oil, coal), direct
          While Orano is already committed               –60% REDUCTION IN GHG EMISSIONS                         to reduce its own footprint, Orano will contribute            emissions from refrigerant gases,
                                                         SINCE 2004                                              to further reducing that of nuclear energy.
          to the climate, by reducing greenhouse                                                                 The group is convinced that nuclear materials
                                                                                                                                                                                   direct emissions from CO2
                                                         Orano had made a commitment to reduce                                                                                  not resulting from combustion.
          gas (GHG) emissions through                    its greenhouse gas emissions by 50% between             and the production of low-carbon, safe and
          the generation of low-carbon nuclear           2004 and 2020. This target was exceeded                 competitive nuclear electricity can play an                                  scope
                                                         with a reduction of 60% thanks to the efforts           essential role in serving the climate and carbon                              2
          electricity, the group has decided to                                                                  neutrality. Orano works alongside its customers
                                                         of all its business lines. This performance                                                                            Indirect emissions related to
          go further by implementing a program           is the result of the implementation of new              to ensure that this goal is achieved.
                                                                                                                                                                              consumption of electricity, heat or
          in 2004 to reduce its environmental            industrial processes and the renewal of the                                                                           steam required for the activity.
                                                         industrial facilities with some of the most
          footprint in order to contribute to the
                                                         modern plants in the world, resulting in                                TARGET –40%                                                  scope
          Paris Agreement and the collective             a reduced environmental footprint. It is also                    on Orano scopes 1 and 2 by 2025                                      3
          effort to achieve carbon neutrality            the result of technological choices, as in                  compared to 2015, benchmark year of the                      Other emissions not arising
                                                         the case of the used fuel recycling plant                   National Low Carbon Strategy (Stratégie
          in 2050.                                                                                                                                                             from the items described above.
                                                         in la Hague, with a choice made to use                           Nationale Bas Carbone - SNBC),
                                                         electricity rather than fuel oil to produce                in order to comply with the Paris Agreement
                                                         steam for the site.

                                                    18                                                                                                    19
MADE IN FRANCE

        YES
     NUCLEAR POWER
     IS A SHOWCASE FOR
     FRENCH EXPERTISE

                                                                   rd

                      220,000                       largest French industry
                        jobs                    after aeronautics and automotive

            An industry that contributes               3,600 companies
             6 billion euros per year to         in the regions of which 85%
            the French balance of trade               are VSEs and SMEs

20                                         21
MADE IN FRANCE

                   TN® Eagle completes the new generation                                                                 An inflatable, controlled environment room
                         of Orano nuclear packages                                                                            to protect patients and caregivers
                     Intended for transportation and dry storage, TN® Eagle completes                                The Orano group, the start-up Aircaptif (design office) and Cir Médical (equipment
                   the latest generation of Orano packages. Its modular design provides                               supplier for emergency physicians) pooled their skills to design, in record time,
                        a decisive competitive advantage. It targets a global market.                                an inflatable, controlled environment room to remedy the congestion in hospitals
                                                                                                                           in the context of the health emergency due to the Covid-19 pandemic.

THE ADVANTAGES OF                           October 2020. Assembly operations in                                               Deployed in 40 minutes, this device
REVOLUTIONARY PACKAGING                     the new production workshop are                                                    takes the form of an inflatable structure
TN® Eagle is a new generation of            planned for the end of 2021 for the                                                housing an airtight room. The room                      ADVANTAGES
packaging for the transportation and        commissioning of the TN® Eagle at the                                              has an extraction-based ventilation                    OF THE CONCEPT
storage of used fuel. With a modular        end of 2023, with the first                                                        system developed by Orano, which
structure, it is built from standard        transportation of used fuel in the                                                 guarantees static and dynamic                 • Reusable, rigid inflatable structure
technological bricks and meets the          United States.                                                                     confinement and protects not only             • Single-use vinyl frame if desired
                                                                                            A RANGE OF
various needs of electricity customers                                                                                         the patient but also caregivers from
                                            A 4.0 PRODUCTION WORKSHOP                       CUSTOMIZED                                                                       • Operational within 40 minutes
around the world by combining                                                                                                  the risk of contamination.
                                            Orano is investing in a manufacturing            NUCLEAR                                                                         • Static confinement in accordance
better features in terms of safety,                                                         PACKAGING                          EASY TO INSTALL,
                                            workshop dedicated to TN® Eagle in                                                                                                 with the ISO 10648-2 standard
productivity and high performance.                                                                                             LIGHT AND MODULAR
                                            Cherbourg, France, to ensure deliveries                                                                                          • Dynamic confinement in accordance
A particular feature of TN® Eagle:                                                    • TN® 17 MAX:
                                            of packaging to customers worldwide                                                The concept can be easily installed             with the ISO 17873 standard
it will be manufactured using an                                                        transportation of used
                                            by sea and facilitate deliveries of                                                by two operators. It is modular, reusable
innovative, seamless process,                                                           fuel to the Orano la Hague                                                           • Custom confined rooms from
                                            packaging components by suppliers.                                                 and can be deployed in multiple forms
which makes it possible to optimize                                                     recycling plant                                                                        2 m² to more than 30 m².
                                            The workshop’s capacity will initially                                             ranging from 2 m² to more than 30 m².
manufacturing with greater robustness.                                                • TN® G3:                                                                              • Applicable to all business sectors
                                            be 10 packages per year. This next-                                                Depending on requirements, the inflatable
In less than a year, it obtained approval                                               commissioning in 2023
                                            generation manufacturing workshop                                                  room can be mounted in a building, a
from the French nuclear safety                                                          in two versions,
                                            will deliver packaging to customers                                                hangar, a laboratory, an aircraft, or even
authority: a fundamental step in its                                                    long and short
                                            in less than 15 months from the launch                                             a helicopter to isolate contaminated
future international development.
                                            of the forged metal containment           • NUHOMS®:                               patients.                                             Medical
                                                                                                                                                                                     sector
                                                                                                                                                                                                   Pharmaceutical
                                                                                                                                                                                                      industry
A VERSION ADAPTED                           chamber and the final acceptance            half of dry storage
                                                                                                                               AN INNOVATION
FOR THE AMERICAN MARKET                     of the packaging.                           packaging in
                                                                                                                               FROM ORANO PROJECTS
To meet the specific needs of the                                                       the United States
                                                                                                                               As part of the development of the
American market (storage of used fuel                                                 • NUHOMS® MATRIX:                        concept, Orano used the expertise of                 Electronics      Aerospace
in canisters), Orano’s teams will                                                       a revolutionary                        Orano Projects teams, specialized in
slightly adapt the TN® Eagle design                                                     storage system                         the engineering of complex ventilation
and have already submitted an
                                                                                      • TN® EAGLE:                             systems that block 99% of particles
application for approval to the NRC,
                                                                                        the latest, commissioning              the size of a virus.
the US Nuclear Regulatory Commission.
                                                                                        in 2023                                                                                   Fine chemicals    Biotechnology
The first production run for the
American market began in

                                                               22                                                                                                       23
MADE IN FRANCE

                             ORANO, INDUSTRIAL AND                                                                                                 URANIUM ENRICHMENT

                                                                                                                                                   ORANO TRICASTIN
                           TECHNOLOGICAL KNOW-HOW                                                                                                  • Number 3 in the world for enrichment
                                                                                                                                                   • Georges Besse II: the largest enrichment complex
                                                                                                                                                     in Europe
                                                                                                                                                   • Production capacity: 7.5 million SWU/year

                               Orano has unique expertise in the nuclear fuel cycle. A photo report                                                Located in Tricastin, the Georges Besse II plant is one of
                                                                                                                                                   the largest industrial platforms for the enrichment of
                                on this industrial know-how, made possible by some of the most                                                     uranium by centrifugation, offering the best guarantees in
                                                                                                                                                   terms of technical reliability, energy savings and
                                modern facilities in the world, recognized by the entire market for                                                environmental impact. Enrichment activities precede the
                                                                                                                                                   final stage of manufacturing fuel assemblies for nuclear
                                    its technological expertise and cutting-edge processes.                                                        power plant reactors around the world. In 2021, the
                                                                                                                                                   Orano Tricastin site is developing new activities, based on
                                                                                                                                                   its experience in uranium chemistry, conversion and
                                                                                                                                                   enrichment, with the construction of the stable isotopes
                                                                                                                                                   laboratory, which opens up opportunities for the healthcare
                                                                                                                                                   market in particular.

U R A N I U M E X PLO R AT I O N ,
E X TR ACTION AND PROCESSING,
PROJECT DEVELOPMENT
AND REMODELING

ORANO MINING                                                                                                                                       T R E AT M E N T A N D R E C YC L I N G
                                                                                                                                                   OF USED FUEL
• Among the top 3 uranium producers worldwide
• 4 operating sites in 3 countries
                                                                                                                                                   OR ANO L A HAGUE
• 3,445 employees
                                                                                                                                                   • Number 1 industrial platform for recycling
                                                                                                                                                     nuclear materials in the world
With mines in operation in Canada, Kazakhstan and Niger,
                                                                                                                                                   • 2 production lines: UP2-800 and UP3
Orano is one of the world’s leading uranium producers
thanks to competitive production costs and cutting-edge                                                                                            • more than 1,000 metric tons of used fuel processed
extraction techniques. The diversity of its resources                                                                                                each year
and reserves over 20 years guarantees its customers
sustainable access to uranium. In Kazakhstan, the KATCO                                                                                            The Orano la Hague plant is in charge of the first stage of
joint venture, which operates the largest “in situ recovery”                                                                                       radioactive material recycling operations for future use in
(ISR) uranium mine in the world, supplies approximately                                                                                            new fuels, followed by the packaging of these recyclable
7% of the annual world production, with more than                                                                                                  materials and final waste in a safe and stable form. The
40,000 metric tons of uranium produced since 2006.                                                                                                 site is recognized for the performance of its state-of-the-
The ISR technique, suitable for low uranium content                                                                                                art facilities. Each year, more than 300 million euros are
deposits, is a competitive exploration technology that is                                                                                          invested in the site’s long-term performance, with
respectful of the environment.                                                                                                                     dismantling projects for the site’s first plant (UP2-400),
                                                                                                                                                   now shut down, and the safety of the facilities.

                                                                                     URANIUM
                                                                                     CONVERSION

                                                                                     O R A N O M A LV É S I
                                                                                     & PHILIPPE COSTE
                                                                                     • World leader in uranium conversion
                                                                                     • An entirely renovated state-of-the-art
                                                                                       production facility
                                                                                     • 15,000 t U/year: annual UF6 production capacity
                                                                                       to 2023

                                                                                     First stage of the conversion, the Orano Malvési plant,
                                                                                     in Narbonne, purifies and transforms the natural uranium
                                                                                     ore (from the mines) into uranium tetrafluoride (UF4).
                                                                                     The annual installed capacity is 15,000 metric tons/year.
                                                                                     The second conversion phase continues at the Philippe
                                                                                     Coste plant (in Tricastin), where UF4 is transformed into
                                                                                     uranium hexafluoride (UF 6). Orano is the only Western
                                                                                     converter to have invested heavily in the renewal of its
                                                                                     conversion capacities, to the latest safety, technology and
                                                                                     environmental standards, thus ensuring long-term supply
                                                                                     for its customers.

                                                                24
MADE IN FRANCE

                                                                PACK AG I N G A N D S E RV I CE S

                                                                ORANO NPS
                                                                • 400 packaging patents granted internationally
                                                                • More than 1,500 dry storage systems used worldwide
                                                                • More than 5,000 transportation activities per year
                                                                                                                                                                                                                              A WORD FROM
                                                                Orano is the only industrial player to manage international

                                                                                                                                                                                                                             JEAN-PIERRE
                                                                logistics operations at all levels of the nuclear fuel
                                                                cycle: design, approval and manufacture of packaging,
                                                                transportation with the highest level of safety and security,
                                                                dry storage of used fuel, nuclear waste logistics. The latest
                                                                new generation packaging, TN® G3, is entering the test
                                                                                                                                                                                                                             PÉLICIER
                                                                phase. It will be used to transport used fuel from EDF                                                                                                       Chief Digital Officer
                                                                nuclear power plants in France.

  RECYCLING AND                                                                                                                                                                            Since 2020’ the Orano group              technologies enable us to advance
  MANUFACTURING                                                                                                                                                                            has been committed to a vast             our operations through the digitization
  OF MOX FUEL
                                                                                                                                                                                           plan to accelerate the digital           of operating methods and supply
  OR ANO MELOX                                                                                                                  DISMANTLING AND SERVICES                                   transformation around the SHIFT          channels, predictive maintenance or
                                                                                                                                TO NUCLE AR FACILITIES                                     plan and its eight programs.             the digital management of the lifecycle
  • Global benchmark plant for manufacturing
    MOX fuels                                                                                                                   ORANO DS                                                                                            of our plants. It is worth mentioning
                                                                                                                                                                                                                                    some recent achievements like the
  • A planned workload of 150 metric tons/year
  • 44 nuclear reactors have produced electricity                                                                               • French leader in nuclear dismantling                    “Digital is a tremendous                  Melox Interactive app, which makes
                                                                                                                                                                                           performance driver for
                                                                                                                                  and operational support services
    using MOX since 1972
                                                                                                                                • 5,000 employees
                                                                                                                                                                                                                                    it possible to monitor production
                                                                                                                                                                                                                                    progress in real time, the interactive
  Located in Marcoule, in the Gard department, the
  Orano Melox recycling plant manufactures recycled
                                                                                                                                • Present at all French nuclear sites
                                                                                                                                  and internationally                                      Orano.”                                  mapping application CartOmines
  MOX nuclear fuel assemblies, intended to supply                                                                                                                                                                                   for monitoring the environmental
  light water reactors. Manufactured from a mixture                                                                             Orano has unique expertise in dismantling operations
                                                                                                                                                                                                                                    impact of former mining sites
  of uranium and plutonium oxides from used fuel,                                                                               and in supporting nuclear operators in the conduct of      SHIFT PLAN
  MOX is the second most widely used nuclear fuel                                                                               their operations. In 2020, the group expanded its                                                   undergoing redevelopment or the
  in the world. In France, 10% of nuclear electricity is                                                                        international presence, notably with a major contract      “The digital transformation aims to      use of collaborative tools included
  generated using MOX. Orano Melox’s expertise                                                                                  in the United States to deconstruct the Crystal River 3
  is recognized by many countries to which Orano                                                                                reactor core in Florida. Its service offer was also        optimize the safety of facilities, and   in the Microsoft 365 suite.”
  supplies MOX fuels, in particular Japan, where Orano                                                                          strengthened with the acquisition, in France, of three     the performance and development
  teams share their experience with the J-MOX plant.                                                                            companies specializing in nuclear maintenance. This
                                                                                                                                                                                           of the group’s activities by designing
                                                                                                                                development complements the construction site                                                        PEOPLE AT THE HEART
                                                                                                                                assistance and training offer for the nuclear industry,    and deploying secure digital solutions
                                                                                                                                for which Orano is the main service provider to the
                                                                                                                                                                                                                                     OF DIGITAL TECHNOLOGY
                                                                                                                                                                                           (cybersecurity), adapted to the jobs
                                                                                                                                French nuclear installed base.
                                                                                                                                                                                           (User eXperience), which are developed   “At Orano, digitization is designed
                                                                                                                                                                                           according to Agile methodology           to assist people. Above all, it must
                                                                                                                                                                                           and are data-driven for fluid access     optimize processes and services
                                                                NUCLEAR ENGINEERING                                                                                                        and management. Our SHIFT plan           to make everyday life easier for our
                                                                                                                                                                                           translates these priorities into eight   employees, providing them with
                                                                ORANO PROJECTS                                                                                                             programs structured as roadmaps to       a fluid and augmented experience,
                                                                • 40 years of experience in the design and implementation                                                                  ensure the deployment of solutions       and improving the working conditions
                                                                  of complex projects and in operating support for                                                                         between 2020 and 2025.”                  and safety of our operators. We train
                                                                  large sites
                                                                                                                                                                                                                                    our employees so that everyone buys
                                                                • More than 1,600 employees in France and abroad
                                                                                                                                                                                                                                    in to the new digital and connected
                                                                • 400 projects/year from €10 k to €1 bn                                                                                    PERFORMANCE
                                                                                                                                                                                                                                    uses. With everyone’s support, digital
                                                                Orano focuses its expertise in nuclear fuel cycle engineering                                                              “Digital technology must become a        is a great driver of performance to
                                                                on behalf of the group’s facilities and external customers,                                                                key factor in industrial performance.    continue to develop nuclear energy
                                                                in France and internationally. Its services range from
                                                                support engineering to operators to complete engineering,
                                                                                                                                                                                           Current computing, data storage,         and make it even safer, cleaner and
                                                                procurement and construction management assignments.                                                                       communication and interface              more competitive.”
                                                                The engineering activity is also developing in the non-fuel
                                                                nuclear sector and in new non-nuclear markets, such as
                                                                other industrial sectors with a strong regulatory and
                                                                environmental dimension: pharmaceuticals, cosmetics, fine
                                                                chemicals, biotechnologies, aerospace, and electronics.

                                                           26                                                                                                                                          27
LOCAL ROOTS

        YES
     NUCLEAR ENERGY
     HAS HAD ITS ROOTS
     IN THE REGIONS FOR
     50 YEARS

               60% of local residents
           of Orano sites in France believe
                                                           98%
                                                           of Orano employees
                                                                 abroad are
            that nuclear power is an asset                    recruited locally
          for their region (BVA study 2019)

             €4.3M invested in 2020                     Plants in France that create
             in the areas of healthcare,           long-term jobs and economic activity:
             access to water, education                    Northwest (la Hague):
            and economic development                         5,000 direct jobs
               in the countries where               Southeast (Tricastin + Melox + Malvési):
              Orano Mining operates                          3,500 direct jobs

28                                            29
LOCAL ROOTS

 WITH PLAYERS
 IN THE LOCAL
 ECONOMY                                                                    Taking action during                                                                                            Acting to develop
                                                                             the Covid-19 crisis                                                                                            skills and employment
Rooted for 50 years in the local economic fabric’
                                                                         60,000 pieces of protective equipment                                                                              Orano relies on its knowledge of     of the activities generated by
the industrial sites of Orano fully support                              were distributed to caregivers by the                                                                              the regions and local economic       these projects.
their regions through their involvement in local                         Orano la Hague and Melox establishments.                                                                           development players to carry out
                                                                         In the Gard department, CleanTech Vallée                                                                           actions tailored to the specific
bodies, support for employment and training,
                                                                         start-ups have created a disinfection robot                                                                        employment priorities and needs      The Orano la Hague site took
and the social and solidarity-based economy.                             with the support of Orano Melox.                                                                                   in each area. The group supports     part in the inauguration of the
                                                                                                                                                                                            jobs in short supply and projects    Valognes machining school,
                                                                         The group’s Fablabs have been heavily
                                                                                                                           3 QUESTIONS FOR                                                  led by SMEs/SMIs in the industrial   the leading production school
                                                                         involved in 3D printing of protective visors                                                                       sector and services to industry,     in the Manche department,
                                                                         intended for healthcare professionals in         JEAN-MICHEL                                                       particularly in the nuclear          which implements new learning
                                                                                                                                                                                            sector, and attaches particular      methods for young people
                                                                         the regions (hospitals, medical practices,
                                                                         retirement homes, private nurses, etc.),
                                                                                                                          CATELINOIS                                                        importance to the sustainability     having difficulty with school.
                                                                         based on plans and data shared by all            Mayor of Saint-Paul-Trois-Châteaux,
                                                                         the additive manufacturing communities           President of the Drôme Sud Provence
                                                                                                                          community of communes
                                                                         in France. The Fablab at the Tricastin site
                                                                         produced more than 1,000 face shields
                                                                         in this way.
                                                                                                                          What does Orano                  industry and that just goes                  Supporting
                                                                         In the countries hosting Orano’s mining
                                                                                                                          represent for your
                                                                                                                          region?
                                                                                                                                                           to show how acceptable it
                                                                                                                                                           is to the population. There is
                                                                                                                                                                                                        solidarity initiatives
                                                                         activities, support operations for medical
                                                                                                                          Established at the Tricastin     total cooperation between                    The different entities of        including sponsoring
                                                                         personnel and charitable activities were
                                                                                                                                                           Orano Tricastin and local                    Orano Mining invested            jobseekers with the
                                                                         undertaken with local communities in Niger,      site for 60 years, Orano is
                                                                                                                                                           elected officials. We work                   4.3 million euros in             Maison de l’Emploi et
                                                                         northern Canada, Mongolia and Kazakhstan.        one of the two main
                                                                                                                                                           closely together and in                      community investment             de la Formation, support for
                                                                                                                          employers, alongside EDF,
                                                                                                                                                           complete transparency.                       projects in 2020. Among          parenting workshops run
                                                                                                                          with more than 4,000 jobs
                                                                                                                                                                                                        these actions, the group         by Maisons Familiales
                                                                                                                          involved. It constitutes an      Does the integration
              Involvement                                                                                                 economic and social              of Orano go beyond
                                                                                                                                                                                                        has supported the NGO
                                                                                                                                                                                                        FXB International since
                                                                                                                                                                                                                                         Rurales throughout
                                                                                                                                                                                                                                         the Manche department,
              in local bodies                                        Commit to
                                                                                                                          powerhouse for our region.
                                                                                                                          The history of our region
                                                                                                                                                           economics?
                                                                                                                                                                                                        2016 to help vulnerable          and support for
                                                                                                                                                           Orano participates actively                  families lift themselves         entrepreneurship through
              Orano Melox is a founding member of CleanTech
              Vallée, which supports innovative start-ups
                                                                     the development                                      has been built around energy     and financially in the main                  out of poverty.                  micro-credit with ADIE.
                                                                                                                          and we want to continue          cultural events in the region,
              and SMEs involved in the ecological transition.        of the local                                         the nuclear adventure by         like the Film Festival,                      In the Drôme department,         Trihom, the leader in training
              Objective: to make the French department
              of Gard a reference in the field of cleantechs.
                                                                     industrial fabric                                    mobilizing to accommodate        the Book Festival, and the                   Orano Tricastin made a           in the nuclear industry
                                                                                                                          two EPR projects in Tricastin.   upcoming start of the Tour                   donation of 20,000 euros to      and a subsidiary of Orano,
                                                                     Orano pays close attention to the sustainability                                      de France. The group also                    AVI, an association that         supports disabled sport in the
                                                                     of the network of suppliers to the nuclear sector    What is the perception
              Orano la Hague has been a member of the Alizé                                                                                                supports work-study                          provides support to enable       region around its registered
              Manche committee since its inception: it provides      in France, as well as skills development. In line    of the Tricastin site            schemes and the Careers                      the elderly or disabled to       office in Beaumont-en-Véron,
                                                                     with its commitment policy, the group thus carries   by the local population?         Forum to support young
              skills support to developing companies. It is also a                                                                                                                                      remain in their homes.           in the Indre department.
              member of the selection committee of Normandie         out the majority of its purchasing at national or    77% of local residents are       people in their careers. It is                                                A subsidy is paid to athletes
              Incubation, the Normandy incubator.                    even local level.                                    in favor of the nuclear          a reliable partner.                          Orano la Hague has been          with a severe motor or
                                                                                                                                                                                                        committed for many years         mental disability who are
              Orano Tricastin is involved in regional economic       90% of purchases by entities located in France                                                                                     to the inclusion of people       involved in competitions
              or administrative bodies such as the Chamber           are thus carried out in France, with a very high     “More than an economic player,                                                excluded from employment         at national level.
              of Commerce and Industry for the Drôme and             proportion of local purchases in regions close to    Orano’s roots are historical,
              Vaucluse, business clubs and business creation         its major industrial sites. At the la Hague site,
              support structures that boost the local                for example, 70% of purchases are carried out        cultural and social. It is part of
              entrepreneurial fabric.                                in the Nord Cotentin area.                           the DNA of our regions.”

                                                            30                                                                                                                                   31
LOCAL ROOTS

 REDEVELOPMENT
 OF THE COMINAK SITE
After starting operations in 1978’ the COMINAK underground
uranium mine in the northwest of Niger ceased production
in March 2021. In consultation with the Nigerien authorities
and its shareholders, COMINAK is undertaking responsible
redevelopment of the industrial site. This large-scale project
draws on Orano’s more than 40 years of expertise in
post-mining management.

                                                                                                                                                                                                 SOCIETAL COMPONENT
                                                                                                                                                                                                 Today, COMINAK is a major player
                                                                                                                                                                                                 in the economic life of the town of
                                                                                                                                                                                                 Akokan. In order to limit the impact
                                                                                                                                                                                                 of the closure of the site on the
                                                                                                                                                                                                 population, COMINAK has developed
                                                                                                                                                                                                 an adapted societal transition plan
                                                                                                                                                   TECHNICAL COMPONENT                           relating to the conditions for access
                                                                           “Redevelopment and                                                      The technical component includes the          to healthcare, water, the management
                                                                           post-mining are an                                                      redevelopment and dismantling of all
                                                                                                                                                   the listed structures on the site. The
                                                                                                                                                                                                 of urban infrastructure and support
                                                                                                                                                                                                 for entrepreneurship and local
                                                                           integral part of the life                                               main ones are: underground mining             economic activity, in consultation

                                                                           of a mining project.”                                                   work, the surface plant and facilities,
                                                                                                                                                   the tailings site* and the effluent
                                                                                                                                                                                                 with the relevant ministries,
                                                                                                                                                                                                 administrative authorities, elected
                                                                                                                                                   ponds. The redevelopment activities           officials and civil society.
                                                                                                                                                   will be subject to rigorous environmental
                                                                                                                                                   monitoring and ongoing inspections
                                                                                                                                                   by the authorities, which will continue
                                                                                                       ORANO COMMITMENTS                                                                              The tailings site* alone is
                                                                                                                                                   for several years after closure.

                                                                                                                                                                                                      5
                                                                                                       As part of the redevelopment of the
                                                                                                       COMINAK site, Orano undertakes to           SOCIAL COMPONENT
                                    COMINAK (Compagnie minière                                                                                                                                            MILLION M3
                                                                                                       engage in ongoing and transparent           COMINAK has set itself the objective
                                    d’Akouta), created on June 12, 1974,                                                                                                                              OF EARTHWORKS
                                                                                                       dialog and communication with               of guaranteeing fair and equitable
                                    produced around 75,000 metric

                                                                                                                                                                                                      12
                                                                                                       stakeholders. The group is undertaking      treatment for all employees within a
                                    tons of uranium between 1978
                                                                                                       redevelopment work that will make           defined and formalized framework.
                                    and the end of 2020. It has been                                                                                                                                         YEARS
                                                                                                       the site healthy, safe and non-polluting,   As a result of ongoing social dialog,
                                    operating the Akouta, Akola and                                                                                                                                   OF REDEVELOPMENT
                                                                                                       in compliance with national standards       a social agreement was signed with
                                    Ebba deposits in Arlit in Niger

                                                                                                                                                                                                      90%
                                                                                                       and international recommendations.          employee representatives and the
                                    since 1978, but the depletion of
                                                                                                       Orano is supporting employees and           Labor Administration of Niger on
                                    its reserves no longer allows it to
                                                                                                       subcontractors with a retraining plan       November 20, 2020. At the same time,
                                    continue its operational activities.                                                                                                                              OF HOURS WORKED
                                                                                                       and support for eligible and viable         a reclassification unit — a unique
                                    Its Board of Directors, which met                                                                                                                                 BY LOCAL STAFF
                                                                                                       entrepreneurship projects, and is acting    structure in the country – was set up
                                    on October 23, 2019, set the end

                                                                                                                                                                                                      1 /3
                                                                                                       to ensure a sustainable, long-term          with different types of possible solutions:
                                    of production at the Akouta site
                                                                                                       societal transition for the population.     retirement and early retirement,
                                    for March 31, 2021.                                                                                                                                                        OF THE
                                                                                                       Orano is working with the State of          vocational retraining, entrepreneurship            REDEVELOPMENT BUDGET
                                    Orano, majority shareholder of                                     Niger on a business continuity plan         and mobility inside and outside Niger,             DEVOTED TO SOCIAL
                                    COMINAK, has committed to                                          in the north of the country, notably        transfers to other local companies                 AND SOCIETAL COMPONENTS
                                    providing technical support for                                    with the continued operation of the         and, finally, the retention of part             * Mound of tailings covered by a layer of argillite
                                    the project, alongside the State                                   SOMAÏR mining site and development          of the workforce to carry out                     and sandstone.
                                    of Niger and other shareholders.                                   studies for the Imouraren project.          the redevelopment work on the site.

                                                      32                                                                                                               33
LOCAL ROOTS

      KEY
 PROJECT DATES
                                                                                                                                   ORANO, 40 YEARS
                                                           A WORD FROM                                                        OF EXPERIENCE IN MINING SITE
                                                         BRICE                                                                      REDEVELOPMENT
                                                         LEBRASSEUR
            2002                                          Project Manager
         Impact study:
          collection of                                                                                                      Post-mining activities refer to all the activities carried out by Orano to monitor
      environmental data        NEXT STEPS                                  The success of the social plan also             redeveloped mining sites, from an environmental, health and safety point of view,
                                                                            remains essential, both from the
                                “The first redevelopment works              point of view of the respect we owe
                                                                                                                                      as well as to prepare their second life after operations cease.
                                to be launched are those that began         COMINAK employees and the stable             It is an expertise that draws on many disciplines, from geology to water treatment,
                                on April 1, 2021 and will end during
                                the year. After the plant shutdown,
                                                                            conditions needed for the project          including radiation protection, ecology and the management of documentary databases.
        2016-2017               dismantling of surface industrial
                                                                            to be completed. The other more
       Draft preliminary                                                    traditional challenges are cost
                                facilities was launched in May and          control and schedule compliance,
             design
                                will be completed in mid-2022.              which are essential insofar as they
                                The redevelopment of the effluent           contribute to the speed of making
                                basins, the longest operation (10 to
                                                                                                                           MINES REDEVELOPED BY
                                                                            the site secure. Our close collaboration
                                12 years), will also begin this year,       with the government of Niger and               ORANO AND ITS SUBSIDIARIES
                                following on from the tests launched        local authorities is a key factor in
            2019                a year ago. The redevelopment of                                                           • The Cluff Lake mine in Canada
                                                                            meeting these challenges and we
      Detailed preliminary      the tailings site, which is the most                                                         (operated from 1980 to 2002)
                                                                            are working together hand in hand
       design with three        important project, both from a
     components: technical,                                                 to ensure the success of the project.”         • The Mounana mining site in Gabon
                                technical and financial point of view,                                                       (operated from 1961 to 1999)
       social and societal
                                will begin in the second half of 2022       THE CHALLENGES
                                                                                                                           • 235 mining sites in France
                                and will be spread over 4 years.            FOR ORANO
                                In parallel with these major operations,                                                     (operated from 1948 to 2001)
                                other redevelopment works such              “The main challenge for the group
                                as the demolition of buildings and          is to fulfill its commitments
    MARCH 31, 2021              workshops in the industrial zone            and thus reaffirm its ability to be
      Production stopped        will be organized throughout the            a responsible mining operator,
                                life of the project.”                       capable of maintaining the trust
                                                                            of its partners, both in a country
                                                                            where Orano, a long-standing player,                                                               Aerial view of the redeveloped
                                CHALLENGES                                                                                                                                               Cluff Lake mine site,
                                                                            wishes to remain in the long-term,
                                “This project involves many                 but also internationally. It should                                                                                       Canada
      2021 TO 2032              challenges: technical, societal, social     be noted that the redevelopment of
         Post-mining:
                                and environmental. On a technical           the COMINAK site is the first project
     redevelopment phase
                                level, the one that seems most              of its kind to be carried out in Niger
                                important is the quality of the             under controlled conditions, based
                                redevelopment works to ensure that          on solid studies and a long-term
                                environmental protection and                vision. To conduct it, we are using
                                population health objectives are            Orano’s recognized expertise in
                                met over the long term. To carry out        its core business and in post-mining
      2032 TO 2037              the work, we set ourselves a target         management, as well as external
    Ongoing environmental       that it should be carried out with          expertise because we are working
         monitoring             90% of hours worked by local people.        on very delicate problems, such as            Mounana mining site,
                                This objective is a challenge that we       resistance to erosion over a long             Gabon
                                will achieve with local partners.           period of time.”

   FOR MORE INFORMATION:                                                                                                           Open-cast mine redevelopment of
   https://www.orano.group/                                                                                                                           Puy de l’Âge,
reamenagement-cominak/en/home                                                                                                                    Limousin, France

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