RWE AG (OTCPK:RWEOY)

$ 31.42 -0.26 (-0.82%) Market Cap: 23.56 Bil Enterprise Value: 26.60 Bil PE Ratio: 7.70 PB Ratio: 0.68 GF Score: 73/100

RWE AG to Discuss Agreement on Coal Phaseout 2030 Call Transcript

Oct 04, 2022 / 12:30PM GMT

Release Date Price: $39.69 (+4.61%)

Transcript

Operator

Good afternoon, ladies and gentlemen. Thank you for dialing in to today's investor and analyst call. Today, we are pleased to discuss 2 key pillars underpinning our Growing Green strategy. Today's topics are RWE's coal exit in 2030 and our step-up in U.S. renewables. Our CEO, Markus Krebber and CFO, Michael Muller, will guide you through the key points. and both will answer your questions afterwards. Markus, over to you.

Markus Krebber

RWE Aktiengesellschaft - Chairman of the Executive Board & CEO

Yes. Thank you, Thomas, and also from my side, a warm welcome. Today is really an important day in the history of our company. At our Capital Markets Day in November, we announced our Growing Green strategy. And at that time, we significantly upgraded our growth ambitions in green energy. And we set ourselves ambitious sustainability targets. One of these targets was to bring our emissions in line with a 1.5-degree compliant pathway.

Today, I'm happy to report major milestones on both fronts. This morning, we signed an agreement with the German Ministry

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