Clp Holdings Ltd S/Adr (CLPHY) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to CLP Holdings' 2024 Interim Results Briefing. My name is Marisa Wong, Director of Investor Relations, and today I'm joined by Chief Executive Officer Mr Tihei Chang and Chief Financial Officer Mr Alex Kaiser. We lodged our 2024 results with the Hong Kong Exchange today at around midday. Those results as well as this presentation is available on our website now. This briefing is also being recorded and will be available on our website later. Before we begin, please remember to read the disclaimer on slide one. And for today's agenda, we'll follow the usual practice, which is TK to deliver the overview as well as the strategic outlook, Alex to take you through our financial results, and this will end with a Q&A session. With that, I will now hand over to TK to commence the briefing. Thank you, TK. Thank you, Marisa. So thank you for joining us for our 2024 interim results briefing. I'm pleased to report a strong start to the year with solid growth in the Group's earnings and improved results from Energy Australia. These results illustrate that the fundamentals of CLP remain strong despite volatile global conditions and growing complexity of new energy systems. Operational delivery remains at the core in our pursuit of energy transition. This half, we continued our track record of delivering significant projects. In our home market, the last piece of gas infrastructure, our 600 MW D2 unit, went into operation, enabling the gradual retirement of coal-fired units. In Australia, amidst increasing price volatility, we achieved first fire at Talarara B, the only peaking plant added to the New South Wales grid in the past decade. And across all our markets, we've worked tirelessly to improve the availability and reliability of our 23GW fleet as we...