Drax Group PLC (FRA:D9F2)
€ 5.68 -0.205 (-3.48%) Market Cap: 2.27 Bil Enterprise Value: 3.65 Bil PE Ratio: 3.58 PB Ratio: 0.97 GF Score: 83/100
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Half Year 2023 Drax Group PLC Earnings Call Transcript

Jul 27, 2023 / 07:30AM GMT
Release Date Price: €7.01 (-1.82%)
Operator

Ladies and gentlemen, welcome to the Drax Group Announcement of Half Year Results. My name is Zeko, and I will be the operator for your call this morning. (Operator Instructions)

I will now hand over the call to Will Gardiner, Chief Executive Officer. Over to you.

Dwight Daniel Willard Gardiner
Drax Group plc - Group CEO & Executive Director

Thank you, and good morning, everyone.

I'm going to start on Page 5. Our purposes, I think you're all familiar with, is to enable a zero carbon, lower cost energy future. And to do that, we're building a business that's fully aligned with fighting climate change. We have a business model that aligns shareholder returns with positive outcomes for nature, the climate and people.

We have a strategic asset base aligned with climate solutions and net zero, which includes dispatchable renewable power in the UK that is critical to the system in the Drax Power Station in Cruachan and 5 million tonnes of pellet capacity with increasing value as markets for BECCS, SAF and other uses for sustainable

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