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

Full Year 2021 Drax Group PLC Earnings Call Transcript

Feb 24, 2022 / 11:00AM GMT

Release Date Price: $8.12 (-2.99%)

Transcript

Operator

Ladies and gentlemen, welcome to the Drax Full Year Results 2021 Call. My name is Maria, and I will be the operator for your call this morning. I will now hand you over to Will Gardiner, CEO.

Dwight Daniel Willard Gardiner

Drax Group plc - Group CEO & Executive Director

Thank you, and thanks, everyone, for joining the call. I'm going to just dive right in. I'm on Page 5. So our purpose, which is enabling a zero-carbon, lower-cost energy future is very much always at the core of what we do. And during 2021, that was really about sort of transforming Drax. We started the year by selling our gas assets. Then we moved to ending commercial coal generation at the end of March. Moved from there acquiring Pinnacle. And now I would say we're largely the largest U.K. pure-play renewable power company, producing more renewable power than the next 2 biggest producers combined. We're also the world's leading biomass generation and supply company and are making good progress towards our ambition of becoming carbon negative by 2030.

I would say equally important

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