Drax Group PLC (FRA:D9F2)
€ 8.005 0.09 (1.14%) Market Cap: 2.99 Bil Enterprise Value: 4.34 Bil PE Ratio: 4.01 PB Ratio: 1.19 GF Score: 86/100
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Half Year 2024 Drax Group PLC Earnings Call Transcript

Jul 26, 2024 / 08:00AM GMT
Release Date Price: €6.45 (+1.90%)
Will Gardiner
Drax Group PLC - Group Chief Executive Officer, Executive Director

Thank you, and good morning, everyone, and welcome to our first half 2024 results call.

I'm starting on page 3. I'll start with our purpose, which is to enable a zero-carbon, lower-cost energy future. And now we'd like to do that because it guides fundamentally everything that we do. And we have a business model that aligns shareholder returns for the positive outcomes for nature, the climate, and people and critically, our people are at the heart of Drax, where I want everyone to feel a valued member on a winning team for the worthwhile mission.

Turning to page 4. And again, as I always like to do, I'll start with safety, which is again at the heart of everything that we do. We pay a lot of attention to safety all the time. It's not really about the statistics. It's about the culture that we are trying to build. But the statistics do tell a story and compared to last year, we've had significantly fewer incidents and our TRIR has reduced from 0.47 last year to 0.2 for this year. But as we all know, keeping

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