Orano - Annual Activity Report 2024 380 6 STATEMENTS Consolidated financial statements - financial year ended December 31, 2024 Financing commitments (in millions of euros) December 31, 2024 Less than 1 year From 1 to 5 years More than 5 years December 31, 2023 Commitments given 2 - 2 - 7 Commitments received 5 5 - - 5 Reciprocal commitments 880 - 880 - 880 Reciprocal commitments relate to unused syndicated credit facilities. During 2022, Orano refinanced its syndicated revolving credit facility (RCF) in advance for a total amount of 880 million euros with a margin indexed to environmental and governance criteria. This confirmed syndicated credit facility, taken out with a pool of 10 banks, with a 5-year maturity, had a first 1-year extension option exercised in 2023 and a second 1-year extension option exercised during the first half of 2024. NOTE 33 BACKLOG At December 31, 2024, Orano’s backlog amounted to 35.9 billion euros (30.8 billion euros at December 31, 2023), and its breakdown by maturity is as follows: (in billions of euros) Total Less than 1 year From 1 to 5 years From 6 to 10 years Beyond 10 years At December 31, 2024 35.9 4.5 12.7 10.7 8.0 NOTE 34 DISPUTES AND CONTINGENT LIABILITIES Orano may be party to certain regulatory, judicial or arbitration proceedings in the normal course of business. The group is also the subject of certain claims, lawsuits, or regulatory proceedings outside the ordinary course of business, the most significant of which are summarized below. Niger The authorities in power in Niger, following the coup of July 26, 2023, implemented numerous measures, in a sovereigntist context claimed to be the resumption of control over the country’s mining activities, in violation of the country’s mining titles in force, of the agreements between shareholders and / or of the laws in force in Niger: ● hindered the export of its production by Somaïr; ● withdrawn the operating permit held by Imouraren SA, despite the resumption of activities at the Imouraren site in accordance with their requests; ● taken control of the Somaïr and Cominak subsidiaries through repeated interference in the governance of these companies; ● violated the provisions of the Global Partnership Agreement concluded in May 2023 between the State of Niger and Orano. These numerous obvious, non-exhaustive violations are causing severe damage to the Orano group which, as a last possible resort following several unsuccessful attempts at amicable resolution, has initiated the filing of four proceedings before the competent international courts in order to obtain compensation for its damage. Orano also reserves the right to initiate any other action, including against third parties, in the event of pre-emption of the material in violation of its removal rights. Uramin In June 2018, Orano SA and Orano Mining became civil parties in the “acquisition” section of the Uramin investigation, following a “notice to victim” received by AREVA SA in 2015 from the investigating judge in charge of the case. The Orano group intends to defend its interests through Orano SA and Orano Mining. The judicial investigation is still in progress and no date concerning a possible judgment has been set to date.
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