Areva: 2013 Revenue of €9.3bn Thanks to Sustained Level of Activity

  Areva: 2013 Revenue of €9.3bn Thanks to Sustained Level of Activity

               Organic growth in the nuclear operations: + 7%,
                         above our financial outlook
                              Backlog of €41.6bn

Business Wire

PARIS -- January 30, 2014

Regulatory News:

AREVA (Paris:AREVA) Chief Executive Officer Luc Oursel offered these comments
on the group’s level of activity in 2013:

“Two years after Fukushima, AREVA’s level of activity was especially strong in
2013. We outperformed our revenue outlook for nuclear operations with an
organic growth of 7.1%.

With more than 9 billion euros, the group’s revenue benefited from the
robustness of the recurring activities and from temporary elements, such as
exceptionally high uranium sales.

This growth demonstrates the resilience of our end market, despite
unfavourable current conditions, and the efficient match between our
commercial offers and customers’ expectations.

Capitalizing on this dynamic, the group will continue its recovery in order to
sustainably self-finance our capital expenditures.”

                                                                 Backlog at
Revenue                        2012                  Change      12/31/13
(in million euros)    2013   proforma^1  Change  LFL       
                                                                 (in million
                                                                 euros)
Mining BG             1,756  1,360       +29.1%  +40.6%     9,602
Front End BG           2,188   2,049        +6.8%    +7.5%       16,770
Reactors & Services    3,324   3,452        -3.7%    -1.5%       9,111
BG
Back End BG            1,736   1,732        +0.2%    -0.6%       5,884
Renewable Energies     132     191          -30.9%   -24.7%      99
BG^2
Corporate and         167    176         -5.3%   -4.7%      85
other^3
Total                 9,303  8,960       +3.8%   +6.3%      41,552
o.w. Nuclear          9,042  8,633       +4.7%   +7.1%      41,368
operations
Revenue – France       3,748   3,286        +14.0%   -           -
Revenue –             5,555  5,674       -2.1%   -          -
International

^1Revenue for 2012 was restated to include the Engineering & Projects business
under “Corporate and Other” and to exclude the Wind Energy business
^2In accordance with IFRS 5 accounting standard, revenue and backlog for the
Renewable Energies BG include only the Solar Power, Bioenergy and Energy
Storage businesses
^3Includes Consulting and Information Systems and Engineering and Projects
operations

After the announcement on January 20, 2014 of exclusive negotiations with
Gamesa for the creation of a joint company in the offshore wind field (50%
AREVA, 50% Gamesa), and in accordance with IFRS 5 accounting standard, revenue
generated by the Wind Energy business is not included in group revenue for
2012 and 2013 and the result of this business will be presented on a separate
line, “net income from discontinued operations” in the 2013 financial
statements.

In 2013, AREVA had consolidated revenue of 9.303 billion euros, an increase of
3.8% (+6.3% like for like) compared with 2012 benefiting from strong organic
growth in the nuclear operations:

  *Revenue in the nuclear operations was 9.042 billion euros in 2013,
    compared with 8.633 billion euros in 2012, a 7.1% increase (+4.7% on a
    reported basis). Revenue was led by the Mining BG (+40.6% like for like)
    and the Front End BG (+7.5% like for like), offsetting the expected
    business downturn in the Reactors & Services BG (-1.5% like for like).
    Revenue was stable in the Back End BG (-0.6% like for like).
  *The Renewable Energies BG had 132 million euros in revenue, down from 2012
    (-24.7% like for like).
  *Foreign exchange had a negative impact of 101 million euros, while the
    change in consolidation scope and accounting methods had a negative impact
    of 104 million euros over the period.

Fourth quarter 2013 revenue was 2.632 billion euros, down 1.3% (-0.3% like for
like), mainly due to a lower level of business in the Reactors & Services BG
and the Back End BG compared with the fourth quarter of 2012. Foreign exchange
had a negative impact of 30 million euros over the period. The impact of
changes in consolidation scope for the quarter was negligible.

The group’s backlog was 41.6 billion euros at December 31, 2013, a decrease
compared with December 31, 2012 (44.7 billion euros) and stable compared with
the backlog at September 30, 2013.  The year-on-year order intake was 7.6
billion euros. It excludes orders associated with agreements concluded in
October 2013 with the EDF group for the Hinkley Point EPR™ project.

Performance by Business Group

Mining Business Group

The Mining BG had 9.602 billion euros in backlog at December 31, 2013. The
order intake was limited in 2013 due to an uncertain market environment for
uranium.

For the full year of 2013, the Mining BG posted revenue of 1.756 billion
euros, an increase of 29.1% on a reported basis and of 40.6% like for like.
Foreign exchange had a negative impact of 18 million euros. Changes in
consolidation scope had a negative impact of 94 million euros and mainly
reflect the deconsolidation of La Mancha Resources Inc. following the disposal
of that business in late August 2012.

Revenue was driven by a sharp increase in volumes sold in 2013 (+42%). The
exceptionally high level of revenue this year reflects volumes stemming from
the dilution of Russian defense inventories (under the “HEU” agreements ending
on December 31, 2013) and the reduction of AREVA’s inventories planned in the
Action 2016 framework, despite a slight decrease in production and lower
average sales prices of uranium sold under contracts over the period,
reflecting the current unfavorable natural uranium market conditions.

Front End Business Group

The Front End BG had 16.770 billion euros in backlog at December 31, 2013. The
main new orders in 2013 were as follows:

  *a nuclear fuel supply contract for an amount of 73 million US dollars with
    US utility Dominion for unit2 of the Millstone power plant in
    Connecticut;
  *a contract with an Asian utility for the supply of enriched uranium
    (integrated offer);
  *enrichment contracts, most notably with US and European utilities;
  *fuel assembly supply contracts with European utilities.

For the full year of 2013, the Front End BG reported revenue of 2.188 billion
euros, an increase of 6.8% (+7.5% like for like). Foreign exchange had a
negative impact of 13 million euros.

  *The Chemistry-Enrichment business was up as enrichment services for France
    picked up, offsetting the downturn in conversion volumes in Japan.
  *Revenue in the Fuel business rose on a favorable product mix, despite a
    less favorable delivery schedule in France over the period.

Reactors & Services Business Group

The Reactors & Services BG had 9.111 billion euros in backlog at December 31,
2013. The main new orders in 2013 were as follows:

  *a contract valued at 1.25 billion euros with Brazilian utility Eletrobras
    Eletronuclear for the supply of equipment, the instrumentation and control
    system, and support services to complete the construction of the Angra 3
    reactor in the State of Rio de Janeiro;
  *a series of long-term services contracts with the US utility PSEG Nuclear
    for outage services regarding three reactors at the Salem and Hope Creek
    power plants in New Jersey (United States);
  *an amendment to the Flamanville 3 EPR™ project in France with EDF covering
    all of the tasks remaining to be performed by AREVA until project
    completion;
  *in a consortium with Siemens, a contract with CNNC to supply
    instrumentation and control systems for units 5 and 6 of the Fuqing power
    plant in China;
  *several Safety Alliance contracts for supplemental safety assessments and
    to provide post-Fukushima solutions to various power companies in Europe,
    the United States, Latin America and Asia.

The Reactors & Services BG had revenue of 3.324 billion euros in 2013, a
decrease of 3.7% (-1.5% like for like). Foreign exchange had a negative impact
of 47 million euros while changes in consolidation scope and accounting method
had a negative impact of 31 million euros.

  *The New Builds business was down, in line with progress on the EPR™
    projects. No revenue on the OL3 project was recognized during the 2^nd
    semester.
  *Installed Base services were down in relation to 2012, which had benefited
    from a high level of business associated with outage campaigns in the
    United States. However, the lower activity in the United States was
    partially offset by more buoyant business in the European markets.
  *Revenue rose sharply in the Equipment business on a high level of business
    with EDF in France.

Back End Business Group

The Back End BG  had 5.884 billion euros in backlog at December 31, 2013. The
main new orders in 2013 were as follows:

  *a contract for services and solutions to support EDF in the maintenance
    and operation of eight nuclear reactors;
  *contracts for the production of MOX fuel for German utilities and for EPZ
    of the Netherlands;
  *a contract for the delivery of ten dry storage casks to Synatom in
    Belgium;
  *two contracts to supply casks and services to US customers;
  *a contract in Germany valued at a total of more than 100 million euros to
    supply TN24E casks;
  *a multi-million dollar contract to supply 46 NUHOMS^® dry storage systems
    to a US utility for its used nuclear fuel.

In addition, EDF and AREVA continue to discuss the economic terms and
conditions of the multiyear treatment and recycling contract for the 2013-2017
period.

Revenue in the Back End BG was stable in 2013 compared with 2012, at 1.736
billion euros (+0.2% in reported data and -0.6% like for like). Foreign
exchange had a negative impact of 7 million euros while changes in the
consolidation scope had a positive impact of 22 million euros.

  *Revenue in the Recycling BU was stable over the period, boosted by a
    strong level of activity at La Hague and, as in 2012, by a significant
    contribution from non-recurring foreign contracts.
  *The Decontamination & Decommissioning business, which had continued to
    benefit from the contaminated water recycling contract at the Fukushima
    Daichi site in 2012, was decreasing.
  *Revenue in the Logistics BU was led by the cask supply business in Germany
    and by dry storage solutions in the United States.
  *Revenue was up in the Cleanup BU thanks to continued growth in all
    segments, in particular onsite assistance and nuclear maintenance in
    France.

Renewable Energies Business Group

As a reminder and in accordance with IFRS 5 accounting standard, revenue in
the Renewable Energies BG is now limited to the Solar Power, Bioenergy and
Energy Storage businesses.

The Renewable Energies BG had 99 million euros in backlog at December 31, 2013
given the progress of existing contracts and in the absence of significant new
orders. In 2013, the main new orders involved contracts to supply biomass
plants in Thailand, in France (for Neoen) and in the Philippines.

The Renewable Energies BG reported revenue of 132 million euros for the year,
down compared with 2012 (30.9% in reported data and -24.7% like for like).

  *Revenue in the Bioenergy BU fell 41.4% (-35.9% like for like) due to lower
    volumes in Brazil.
  *Despite the increased contribution from the Reliance project in India,
    Solar revenue fell 14.6% in 2013 (-7.5% like for like) due to the
    difficulties encountered at the Kogan Creek project in Australia.

On the 2012 scope of consolidation, the Renewable Energies Business Group’s
revenue would have amounted 389 million euros.

                       Appendix – Consolidated revenue

                             2012                             2013 / 2012
(in million euros)  2013                Change 2013/2012  change like for
                             pro forma^1                      like
1^st quarter
Mining BG           395    313          +26.1%            +43.6%
Front End BG         378     432           -12.6%             -11.2%
Reactors &           799     774           +3.2%              +4.1%
Services BG
Back End BG         556    371          +49.9%            +49.5%
Renewable Energies  53     36           +48.1%            +60.6%
BG^2
Corporate /         46     50           -8.3%             -8.3%
Other^3 s
Total               2,227  1,977        +12.7%            +15.8%
o.w. Nuclear        2,139  1,902        +12.5%            +15.5%
operations
2^nd quarter
Mining BG            418     333           +25.7%             +43.7%
Front End BG         577     475           +21.2%             +24.2%
Reactors &           915     858           +6.7%              +7.3%
Services BG
Back End BG         419    428          -2.1%             -7.6%
Renewable Energies  43     59           -28.5%            -25.3%
BG^2
Corporate /         46     42           +9.8%             +10.0%
Other^3
Total               2,418  2,195        +10.1%            +11.9%
o.w. Nuclear        2,338  2,103        +11.2%            +12.9%
operations
3^rd quarter
Mining BG            404     387           +4.3%              +12.9%
Front End BG         461     412           +11.9%             +15.5%
Reactors &           735     804           -8.6%              -7.2%
Services BG
Back End BG         368    421          -12.5%            -11.6%
Renewable Energies  20     53           -62.6%            -58.1%
BG^2
Corporate /         39     45           -12.6%            -12.4%
Other^3
Total               2,026  2,122        -4.5%             -1.5%
o.w. Nuclear        1,976  2,031        -2.7%             +0.2%
operations
4^th quarter
Mining BG            539     327           +64.8%             +65.8%
Front End BG         773     730           +6.0%              +3.4%
Reactors &           875     1,017         -14.0%             -9.0%
Services BG
Back End BG         393    513          -23.3%            -25.7%
Renewable Energies  16     42           -62.0%            -57.1%
BG^2
Corporate /         35     39           -9.4%             -7.0%
Other^3
Total               2,632  2,667        -1.3%             -0.3%
o.w. Nuclear        2,589  2,597        -0.3%             +0.5%
operations
Total 2013
Mining BG            1,756   1,360         +29.1%             +40.6%
Front End BG         2,188   2,049         +6.8%              +7.5%
Reactors &           3,324   3,452         -3.7%              -1.5%
Services BG
Back End BG         1,736  1,732        +0.2%             -0.6%
Renewable Energies  132    191          -30.9%            -24.7%
BG^2
Corporate /         167    176          -5.3%             -4.7%
Other^3
Total               9,303  8,960        +3.8%             +6.3%
o.w. Nuclear        9,042  8,633        +4.7%             +7.1%
operations

^1Revenue for 2012 was restated to include the Engineering & Projects business
under “Corporate and Other” and to exclude the Offshore Wind business
^2In accordance with IFRS 5 accounting standard, revenue for the Renewable
Energies BG is now limited to the Solar Power, Bioenergy and Energy Storage
businesses
^3Includes "Consulting and Information Systems" and "Engineering and Projects"
operation

Note:

► Like for like / LFL: at constant exchange rates and consolidation scope.

► Foreign exchange impact:

The foreign exchange impact mentioned in this release comes from the
translation of subsidiary accounts into the group’s unit of account. The
latter is primarily due to changes in the US dollar in relation to the euro.
AREVA also points out that its foreign exchange hedging policy for commercial
operations aims to shield profitability from fluctuations in exchange rates in
relation to the euro.

► Forward-looking statements:

This document contains forward-looking statements and information. These
statements include financial forecasts and estimates as well as the
assumptions on which they are based, and statements related to projects,
objectives and expectations concerning future operations, products and
services or future performance. Although AREVA’s management believes that
these forward-looking statements are reasonable, AREVA’s investors and
shareholders are hereby advised that these forward-looking statements are
subject to numerous risks and uncertainties that are difficult to foresee and
generally beyond AREVA’s control, which may mean that the expected results and
developments differ significantly from those expressed, induced or forecast in
the forward-looking statements and information. These risks include those
explained or identified in the public documents filed by AREVA with the AMF,
including those listed in the “Risk Factors” section of the Reference Document
registered with the AMF on March 28, 2013, as updated with the half-year
report at June 30, 2013 (which may be read online on AREVA’s website:
www.areva.com). AREVA makes no commitment to update the forward-looking
statements and information, except as required by applicable laws and
regulations.

Upcoming events and publications

February 26, 2014 – 17:45 CET    Press release, conference and webcast
                                    Results for 2013
April 24, 2014 – 17:45 CET          Press Release
                                    First quarter 2014 revenue and related
                                    information
May 20, 2014 – 15:30                CET Combined General Meeting of
                                    Shareholders
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offering to utilities covers every stage of the fuel cycle, nuclear reactor
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energy storage – to become a European leader in this sector.
With these two major offers, AREVA’s 46,000 employees are helping to supply
ever safer, cleaner and more economical energy to the greatest number of
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