Centrica plc Interim Results
Chris O'Shea - Group Chief Executive
Good delivery and a positive outlook
Acting responsibly through the energy crisis
The turnaround of Centrica
The turnaround of Centrica
The turnaround of Centrica
Centrica today is focused on the UK & Ireland, participating selectively across the energy value chain
British Gas Energy and British Gas Services & Solutions are focused on delivery
Gaining market share in Energywhile investing in customer service
Investment in Services is improving customer service
Kate Ringrose - Chief Financial Officer
Healthy financial performance from our balanced portfolio
Growth in adjusted operating profit
British Gas Services & Solutions adjusted operating profit
Growth in adjusted operating profit
Growth in adjusted operating profit
Growth in adjusted operating profit
Growth in adjusted operating profit
Further robust cash flow generation and continued balance sheet strength
Strong balance sheet and alower and de-risked pension deficit
H2 focus on further performance improvements
Balance sheet strength enables growth and shareholder returns
Chris O'Shea - Group Chief Executive
Centrica is evolving into a new type of integrated energy company
with the experience, data and expertise to know where to invest
and growth opportunities across the energy value chain
British Gas has the scale and expertise to help customers transition to net zero
We have strong optimisation capabilities and positions
with attractive positions and a deep understanding of the LNG market
which give us unrivalled capabilities in power and gas optimisation
The UK requires major power investment which will create significant intermittency
and we have intimate knowledge of how our power systems will react to this
giving us a significant opportunity…and we have the data to target our participation
building on an already strong base of flexible power generation assets
with investment choices aligned to existing knowledge and capabilities
Existing E&P and Nuclear positions are performing well and generating cash to invest
in opportunities such as the return of Rough to storage
and the development of Morecambe Bay and Barrow
A simpler, de-risked, more efficient company with attractive net zero opportunities