Share and consensus

Dividends

Dividends distribution Policy

For the fiscal year 2021, the Shareholders' Meeting of 19 May 2022 decided on the distribution of a dividend of 0.70 euros per share. Taking into account the 0.30-euro interim dividend paid on 15 December 2021, the balance of the dividend distributed by the Shareholders' Meeting was 0.40 euros per share and was paid in cash on 9 June 2022.

On 27 July 2022, the Board of Directors decided on the distribution of an interim dividend of 0.30 euros per share. The interim dividend was paid in cash on 7 December 2022.

For fiscal year 2022, the 2023 Shareholders' Meeting will be asked to approve a maintained dividend of 0.70 euros per share.

Dividends distribution history

Fiscal year	Amount per share	Payment date	Means of payment

2021	0.70 €	Interim 0.30€ 15 Dec. 2021 Balance 0.40€ 9 June 2022	Cash

2020	0.70 € + 0.20 €	Interim 0.40€ 9 Dec. 2020 Balance 0.50€ 17 June 2021	Cash

2019	0.50 €	Interim 0.30€ 4 Dec. 2019 Balance 0.20€ 4 June 2020	Cash

2018	0.70 €	Interim 0,30€ 6 Dec. 2018 Balance 0,40€ 6 June 2018	Cash

2017	0.65 €	Interim 0,25€ 7 Dec. 2017 Balance 0,40€ 7 June 2018	Cash

2016	0.60 €	Interim 0,20€ 7 Dec. 2016 Balance 0,40€ 14 June 2017	Cash

2015	0.60 €	Interim 0,20€ 9 Dec. 2015 Balance 0,40€ 23 June 2016	Cash

2014	0.60 €	Interim 0,20€ 9 Dec. 2014 Balance 0,40€ 10 June 2015	Cash

2013	0.80 €	Interim 0,30€ 11 Dec. 2013 Balance 0,50€ 5 June 2014	Cash

2012	0.78 €	Interim 0,58€ 12 Sept. 2012 Balance 0,20€ 11 June 2013	Cash

2011	1.40 €	Interim 0,60€ 8 Sept. 2011 Balance 0,80€ 13 June 2012	Cash

2010	1.40 €	Interim 0,60€ 2 Sept. 2010 Balance 0,80€ 15 June 2011	Cash

2009	1.40 €	Interim 0,60€ 2 Sept. 2009 Balance 0,80€ 17 June 2010	Cash

Capital allocation

Institutional investors and others legal entities allocation estimate on the basis of the TPI survey (12/31/2021).

geographical allocation of investors (FY 2021)

Consensus

Orange has compiled a consensus for Q422 and FY 2022 based on the 16 estimates received as of 13/01/2023.

The detailed consensus is available in the Investors Library and below.

In M€	Q422 Median	FY 2022 Median
Revenues	11,177	43,297
EBITDAaL	3,442	12,957
EBITDAaL Telco	3,461	13,060
eCAPEX Group	2,215	7,358
Organic cash flow	-	2 984