BT Group PLC (OTCPK:BTGOF)

$ 1.622 0.012 (0.75%) Market Cap: 16.06 Bil Enterprise Value: 42.84 Bil PE Ratio: 6.91 PB Ratio: 0.93 GF Score: 67/100

BT Group PLC Pensions Briefing Transcript

Jun 29, 2023 / 01:00PM GMT

Release Date Price: $1.58 (-0.88%)

Transcript

Neil Harris

BT Group plc - Director of Tax, Treasury, Insurance & Pensions

Good afternoon, everyone. Welcome to our Pensions Teach-In session and for those of you in the room, welcome to 1 Braham and start with the elephant in the room way of hosting this in advance of the triennial valuation date of the BT pension scheme, which is tomorrow. And clearly, the outcome will depend on market conditions tomorrow and future negotiations with the BT pension scheme. So we won't be commenting or signaling where we think the outcome of those negotiations will end up.

But of course, I'm sure you're all aware that the last funding deficit of the 2020 valuation was just under GBP 8 billion and that the BTPS disclosed the roll-forward value in there at June 22 accounts to GBP 4.4 billion. So if we just move on to people speaking today, three of us presenting today, those of you with good memories will recall that this is the same team that presented to you in the depths of COVID in 2020. My name is Neil Harris, I look after Corporate Finance for BT, and I'll be joined by my colleagues, Shan Abdullah and

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