Contact Energy Ltd (FRA:BZB)

€ 4.8 0.08 (1.69%) Market Cap: 4.01 Bil Enterprise Value: 4.95 Bil PE Ratio: 28.43 PB Ratio: 2.56 GF Score: 70/100

Half Year 2020 Contact Energy Ltd Earnings Call Transcript

Feb 09, 2020 / 09:00PM GMT

Transcript

Dennis Barnes

Contact Energy Limited - CEO

Well, good morning, everyone, and welcome to Contact's Interim Results for the 6 Months ended 31 December 2019.

Usual disclaimer. We're going to go through the pack in 3 parts: I'll give some highlights, a bit of progress; Dorian will take us through the detail and then just a little bit of what's the market looking like going forward towards the end; and then Matthew will handle the questions, not the answering of them, just the administration of them.

It's fair to say that performance relative to the prior period always had a fair chance of being down given how strong the prior period was. For Contact, specifically in the half, obviously, the well-worn story of reduced gas supply and reduced reliability of gas supply impacted our earnings with higher gas costs, higher carbon costs. More importantly, from a shareholder perspective, the prudent management of risk such that we would actually [outlook] the C&I market for the period.

Despite all of that, the renewable part of our business performed well, costs performed well and we

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