United Utilities Group PLC · LSE:UU.
United Utilities — Investor Presentation (March 2018)
14 slides from United Utilities's investor presentation, Mar 15, 2018
Slide 1: PR19 business plan assessment
United Utilities Group PLC PR19 business plan assessment 1
Slide 2: Steve Mogford, Chief Executive
Steve Mogford Chief Executive United Utilities Group PLC Capital Markets Event 15 March 2018 Crummock Water
Slide 3: Initial assessment
Initial assessment One of only three companies meeting high hurdle to achieve fast track assessment A = High quality, ambitious and innovative plan with evidence that overall is sufficient and convincing. B = High quality plan, not sufficiently ambitious and innovative to be exceptional with evidenc
Slide 4: Company monitoring framework
Company monitoring framework Only company to retain self-assurance status Financial Risk & Water Long term PR19 IAP Charges Assurance Financial Cost PR19 IAP Mvt from monitoring Outcomes compliance resources Case work viability data Category engagement plan flows assessment data quality 2017 framewo
Slide 5: Highlights
Highlights Industry leading in many areas Engaging Confidence & Resilience assurance customers Affordability Affordability & & Innovation vulnerability vulnerability United Utilities • PR19 Business Plan Assessment 5
Slide 6: Affordability and vulnerability
Affordability and vulnerability Ambitious, innovative and sector-leading [United Utilities’] plan includes ambitious, innovative and sector- @unitedutilities has high leading proposals to make customers’ quality, ambitious and bills affordable and on providing innovative plans to help support for vu
Slide 7: Delivering outcomes for customers
Delivering outcomes for customers Strong track record in operational excellence Transformation since 2011 Customer views Strong track record of sustainable Performance commitments that reflect excellence customer views Upper quartile targets Company-specific ODIs Accepted interventions to reflect vi
Slide 8: Sector-leading approach to resilience
Sector-leading approach to resilience Setting the benchmark for operational, corporate and financial resilience Systems Thinking fundamental to United Utilities has a sector leading approach to resilience. The plan approach shows convincing evidence across Sector-leading financial resilience ope
Slide 9: Efficient costs
Efficient costs Significant improvement in efficiency Total costs compared with Ofwat's view 30% % above / (below) Ofwat view 25% 20% Industry average = +15% 15% 10% 5% +3% 0% -5% Thames Welsh Affinity Anglian SES Water Northumbrian Severn Trent United Utilities Portsmouth South Staffs Yorkshire Bri
Slide 10: Sector-leading approach to innovation
Sector-leading approach to innovation The most embedded innovation culture Its plan includes strong Innovation is clearly integrated United Utilities shows the most evidence of ambitious and throughout the culture of the embedded innovation culture, sector leading ideas across all company and it inc
Slide 11: Aligning risk and return
Aligning risk and return Approach to financeability has been broadly accepted Adopted Ofwat’s WACC to be finalised at methodology guidance Final Determination on WACC at 2.4%1 Upfront mechanism for Responsible approach sharing outperformance to financial resilience, through CommUnity gearing and acc
Slide 12: Summary
Summary Committed to making a success of AMP7 Fast track plan Benefits of fast track Reflects transformation to date Reputational, procedural and financial and ambition for the future benefits and the opportunity to refine plans and make a flying start Working constructively Strong track record Cont
Slide 13: Any questions?
Any questions?
Slide 14: Cautionary statement
Cautionary statement This presentation contains certain forward-looking statements with respect to the operations, performance and financial condition of the group. By their nature, these statements involve uncertainty since future events and circumstances can cause results and developments to diffe
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