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 2022 Drax Group PLC Earnings Call Transcript

Jul 26, 2022 / 08:00AM GMT

Release Date Price: $9.4

Transcript

Operator

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

Dwight Daniel Willard Gardiner

Drax Group plc - Group CEO & Executive Director

Thank you, and good morning, everybody. I'm here with Andy Skelton, our Group CFO, and we will take you through the presentation followed by a question-and-answer session.

So I'm going to start on Page 5. So as you all know, our purpose is and continues to be very much at the core of who we are. It's about enabling a zero carbon, lower-cost energy future. And again, our ambition is to be carbon negative by 2030. Importantly, we continue to be the largest U.K. pure-play renewable power company. And over the most recent period, we generated 11% of all of the U.K. renewable power. And again, we're also the world's leading biomass generation and supply company. Over the last 6 months, I would say that global momentum for

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