Clp Holdings Ltd S/Adr (CLPHY) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everybody, and welcome to CLP's 2023 Interim Results Briefing. My name is Marisa Wong, Director of Investor Relations, and I'm joined today by Chief Executive Officer, Mr Richard Lancaster, and Chief Financial Officer, Mr Nicola Tissot. We launched our 2023 Interim Results announcement with the Hong Kong Exchange at around midday today. That announcement, in addition to this presentation, are now available on our website. This briefing is also being recorded and will be available on our website a little bit later. Before we begin, please remember to read the disclaimer on slide two. And for today's agenda, we'll follow our usual practice and hear from Richard on CLP overview and strategic outlook and Nicola on financial results. This will be followed by a Q&A session. With that, I will now hand over to Richard to commence the briefing. Thank you, Richard. Well, good afternoon, ladies and gentlemen, and welcome to our 2023 interim results presentation. Our first half performance demonstrated strengths across the group that positioned us well for the year. First, we delivered a solid and stronger financial performance, which is especially pleasing given the headwinds that we faced last year in Australia. And this is a testament to the need to constantly adapt to a fast-changing energy landscape. Hong Kong's performance was again dependable, as was the nuclear earnings in mainland China. Energy Australia showed signs of progressive initial recovery in a less volatile market environment. And Aprava Energy benefited from a solid performance adding to a positive one-off income. Second, we're making positive strides in low-carbon investments and growth initiatives while continuing to reliably operate our assets to deliver consistent dividends to our sharehol...