2019 Interim Results and Strategy Update presentation Webcast

 
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Centrica plc Interim Results and Strategic Update
Centrica plc Interim Results and Strategic Update
Disclaimer
Disclaimer
Iain Conn - Group Chief Executive
Iain Conn - Group Chief Executive
Summary
Summary
What to expect
What to expect
Exceptionally challenging H1 2019
Exceptionally challenging H1 2019
Growth in consumer accounts in H1 2019
Growth in consumer accounts in H1 2019
UK Home energy customer accounts
UK Home energy customer accounts
UK energy market under price caps
UK energy market under price caps
Earnings momentum in H2 2019 and into 2020
Earnings momentum in H2 2019 and into 2020
Portfolio update
Portfolio update
Business unit decisions
Business unit decisions
Improving competitiveness
Improving competitiveness
Dividend and capital structure
Dividend and capital structure
Chris O'Shea - Group Chief Executive Officer
Chris O'Shea - Group Chief Executive Officer
First half financial result
First half financial result
Post-tax exceptional items and certain re-measurements
Post-tax exceptional items and certain re-measurements
Consumer: adjusted operating profit drivers
Consumer: adjusted operating profit drivers
Business: adjusted operating profit drivers
Business: adjusted operating profit drivers
E&P: adjusted operating profit drivers
E&P: adjusted operating profit drivers
First half adjusted operating cash flow
First half adjusted operating cash flow
First half net cash flow
First half net cash flow
£97m of efficiencies delivered in H1 2019
£97m of efficiencies delivered in H1 2019
North America Business improved outlook for H2
North America Business improved outlook for H2
Expect to meet 2019 Group targets
Expect to meet 2019 Group targets
Strong balance sheet to support risk management
Strong balance sheet to support risk management
Long dated debt maturity profile
Long dated debt maturity profile
Opportunity to reduce structural working capital
Opportunity to reduce structural working capital
Pension deficits agreed and scheme de-risking commenced
Pension deficits agreed and scheme de-risking commenced
Annual capex of around £500m post Spirit divestment
Annual capex of around £500m post Spirit divestment
Divestments
Divestments
Sources and uses of cash flow
Sources and uses of cash flow
Stable and material adjusted operating cash flow
Stable and material adjusted operating cash flow
Group financial framework to 2022
Group financial framework to 2022
Iain Conn - Group Chief Executive
Iain Conn - Group Chief Executive
Agenda
Agenda
Agenda
Agenda
Centrica’s purpose and strategy
Centrica’s purpose and strategy
The changing energy landscape and Centrica's role
The changing energy landscape and Centrica's role
Enabling the energy transition to a low carbon future
Enabling the energy transition to a low carbon future
What we will focus on for our customers
What we will focus on for our customers
Centrica team priorities
Centrica team priorities
Centrica Consumer strategic pillars and capabilities
Centrica Consumer strategic pillars and capabilities
Centrica Business strategic pillars and capabilities
Centrica Business strategic pillars and capabilities
Agenda
Agenda
2018-20 performance agenda
2018-20 performance agenda
Agenda
Agenda
A further £1bn of cost efficiencies by 2022
A further £1bn of cost efficiencies by 2022
Major projects to deliver cost efficiency programme
Major projects to deliver cost efficiency programme
Agenda
Agenda
From competitive to the lowest cost UK energy supplier
From competitive to the lowest cost UK energy supplier
Fundamentally rebasing UK Home energy supply
Fundamentally rebasing UK Home energy supply
Improving in-home servicing competitiveness and service
Improving in-home servicing competitiveness and service
Fundamentally rebasing UK Home in-home servicing
Fundamentally rebasing UK Home in-home servicing
Agenda
Agenda
Connected Home progress and learnings
Connected Home progress and learnings
Refocusing Home Solutions
Refocusing Home Solutions
Agenda
Agenda
Business energy supply in North America
Business energy supply in North America
North America Business performance
North America Business performance
Actions underway to improve returns in NAB
Actions underway to improve returns in NAB
North America Business outlook
North America Business outlook
Agenda
Agenda
Centrica Business Solutions progress
Centrica Business Solutions progress
Growing Centrica Business Solutions
Growing Centrica Business Solutions
Agenda
Agenda
Home Energy Management and Mobility Solutions
Home Energy Management and Mobility Solutions
Exclusive partnership with Ford in the UK and Ireland
Exclusive partnership with Ford in the UK and Ireland
Potential Home Energy Management platform
Potential Home Energy Management platform
Agenda
Agenda
What to expect from Centrica moving forward
What to expect from Centrica moving forward
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