Full Year 2023 Contact Energy Ltd Earnings Call Transcript

Aug 13, 2023 / 10:00PM GMT
Shelley Hollingsworth - Contact Energy Limited - IR & Strategy Manager

Good morning, and welcome to Contact Energy's Annual Results for FY '23. Today, we're joined by Mike Fuge, our CEO; and Mr. Dorian Devers, our CFO. I turn to you, Mike.

Michael Fuge - Contact Energy Limited - CEO

(foreign language) and welcome, everyone to FY '23 results. First, the usual disclaimer on information that we pass over here, but moving on to the actual results. The agenda, we will give an overview of the highlights of the last financial year, Dorian will then take you through the details of the financial results and the outlook, and then we'll update you on the progress on strategy.

Look, FY '23, solid performance, very much focused on delivering on the promises we've made in prior years. The underlying EBITDAF of $573 million given where we were sitting at the half year, we're delighted with, and that's in the face of some very interesting conditions with North Island rainfall the highest on record leading to lower wholesale spot prices, lower thermal generation and

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