Drax Group PLC (OTCPK:DRXGF)

$ 7.75 0 (0%) Market Cap: 2.93 Bil Enterprise Value: 4.36 Bil PE Ratio: 3.67 PB Ratio: 1.13 GF Score: 80/100

Half Year 2021 Drax Group PLC Earnings Call Transcript

Jul 29, 2021 / 08:00AM GMT

Release Date Price: $5.65

Transcript

Operator

Ladies and gentlemen, welcome to the Drax Half Year Results presentation. My name is Stuart, and I will be the operator for your call this morning. (Operator Instructions) I will now hand you over to Will Gardiner, CEO. Please go ahead.

Dwight Daniel Willard Gardiner

Drax Group plc - Group CEO & Executive Director

Thank you, and welcome, everyone. Using the usual format, but I'm trying to be brief, given that we will just be using audio.

So I'll start on Page 4. At Drax, our purpose is always at the core of what we do, enabling a zero-carbon, lower-cost energy future. And during the first half of the year, we made great progress. By selling our Drax assets and ending commercial coal generation, we are transforming to the largest U.K. pure-play renewable power company, and we are well on our way to achieving our ambition of becoming carbon negative by 2030.

Through the acquisition of Pinnacle, we're also the world's leading biomass generation and supply company and have made great strides towards achieving our key strategic goals for

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