Contact Energy Ltd (FRA:BZB)

€ 4.76 -0.04 (-0.83%) Market Cap: 4.00 Bil Enterprise Value: 4.94 Bil PE Ratio: 28.43 PB Ratio: 2.56 GF Score: 70/100

Full Year 2019 Contact Energy Ltd Earnings Call Transcript

Aug 11, 2019 / 10:00PM GMT

Transcript

Dennis Barnes

Contact Energy Limited - CEO

Well, good morning, everyone, and welcome to our full year '19 results presentation, conducted in a different format. We have a cost drive. This saves about $12,000, and it will also save me the salary of an Investor Relations manager if it fails. Usual disclaimer. And then we'll take it through in a normal format. I'll give a little bit of a look at the highlights. Dorian will go through the detail. I will do it in a way which describes the market and the business, Dorian will obviously take us through segment level. And then some comments about current market and our outlook.

So suffice to say, we've had a good year with every financial measure on we improved. So we completed the sale of 2 assets in the year, receiving cash proceeds after tax of $390 million. That has put us in a great position with a strong balance sheet, high-quality renewable generation assets and low-cost operations, which has given the Board confidence to affirm the target dividend we mentioned at the half year the $0.39 for the full year, $0.23 for the final. Now [that I've]

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