Clp Holdings Ltd S/Adr (CLPHY) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to Selby Holdings' 2023 Annual Results Briefing. My name is Marisa Wong, Director of Investor Relations, and I'm joined by Chief Executive Officer, Mr TK Chiang, and Chief Financial Officer, Mr Nicola Tissot. We launched our 2023 Annual Results announcement today with the Hong Kong Exchange at about midday, and the announcement in addition to this briefing is available on our website. This briefing is also being recorded and will be on our website later. Before we begin, please read the disclaimer on slide two. And for today's agenda, we'll follow the same practice, which is TK providing us with an overview, as well as the strategic outlook, and Nicola with the financial results. This will be followed by Q&A. With that, I will pass over to TK to commence the briefing. Thanks, TK. Good afternoon, ladies and gentlemen. It is a privilege and an honour for me to share with you CLB Group's performance for the first time as Chief Executive Officer. I'm pleased to say it's been a year of very solid performance against a backdrop of global economic uncertainty and challenging external environment. The ability to deliver in this environment is a testament to our strong foundations and the robustness of our diversified energy businesses in Asia Pacific. Our financial results were strong, driven by dependable core Hong Kong and mainland China businesses, and improved contributions from our overseas businesses, including a progressive recovery at Energy Australia. 2023 saw the achievement of an important milestone in Hong Kong, the approval of 2024 to 2028 development plan, a five-year program worth 52.9 billion capital expenditure to propel Hong Kong's next development and decarbonization phase, a mark of regulatory stability and economic certainty, w...