Orano - Annual Activity Report 2024 3 Nicolas MAES Chief Executive Offi cer of Orano Orano reached a significant turning point in 2024. The group completed major industrial projects, illustrating the positive momentum of the nuclear sector. Our role as a global player in the nuclear fuel cycle was strengthened. Our financial results testify to the group’s resilience in an unstable geopolitical context that has led notably to the loss of control of mining activities in Niger. In 2024, we invested to support our long-term development. Six industrial facilities were built, extended or commissioned. They meet the future needs of our customers and tangibly shape our diversification strategy. With the extension of the Georges Besse II plant in Tricastin, we are increasing our enriched uranium production capacity by 30%, securing the supply of our electricity customers from 2028. This plant will provide low-carbon electricity to nearly 120 million households, thus strengthening our contribution to the fight against global warming. In our mining activities, the South Tortkuduk site in Kazakhstan has been put into production, representing an important step in the development of this mine. At the crossroads of our performance and innovation approach, we inaugurated the TN Eagle Factory in Cherbourg, a manufacturing plant for used nuclear fuel transport and storage new generation packaging. Lastly, in the field of nuclear medicine, we laid the cornerstone for two plants for the production of precursors and anti-cancer drugs, respectively the ATEF in Bessines-sur-Gartempe (Haute Vienne) and the ATLab in Onnaing (Nord), which represents an historic breakthrough. In the United States, our Indianapolis ATLab will soon be commissioned. In order to strengthen our competitiveness and preserve our development capabilities, we rolled out our Opteam26 performance program, involving all of our production activities, projects and services. Finally, as the nuclear sector is resolutely looking to the future, we initiated the first work dedicated to the modernization and renewal of used fuel processing and recycling facilities. Called “Back End of the Future”, this major program aims to ensure the sustainability of the current plants beyond 2040 on the Orano sites of la Hague and Melox, as well as to build their successor plants that will serve our customers and community until the end of the century and beyond. Performance, Development, Back End of the Future, these three strategic areas of Orano structure our business. As a responsible industrial company, maintaining our high standards in terms of safety, security and control of our facilities remains our priority and is part of the 2030 objectives of our new Commitment roadmap. Driven by this strong momentum, the Orano teams, joined by more than 2,000 new employees in 2024, are looking to the future with confidence. “Orano in 2024: a commitment to the future” “Large-scale industrial projects in line with our purpose”
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