SSE plc (SSE) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and thank you for joining us for this presentation of our interim results to the 30th of September 2023. I'm joined for today's presentation by Gregor Alexander who's presenting his 43rd and final set of results as Finance Director, Martin Pibworth our Chief Commercial Officer and Barry O'Regan who succeeds Gregor as Chief Financial Officer later this month. I'd like to start with a few words about safety, which is always SSE's primary objective. As we continue to deliver our strategy to provide energy that is cleaner, homegrown and secure, construction activity has increased, which, in turn, has driven an increase in our TRIR measure in the first half. We are continuing to invest in new initiatives, including the launch of an immersive training program to enhance our existing sector leading safety controls as we redouble efforts to address this drop in safety performance. And finally, I'd like to pause to pay respect to Richard Ellis. Richard was an employee of one of our contractors who sadly lost his life in a tragic accident on a public highway in Sussex last month. Our thoughts go out to his family and friends. Over the next 40 minutes or so, we will explain how greater visibility of SSE's growth options is underpinning a fully funded update to our CAPEX plan and how the reliability of earnings from our balanced business mix is giving us added confidence in our guidance. Our underlying strategy is built on the fact that networks, renewables and flexibility will be the bedrock of a future energy system with electricity at its heart. And as we move into a UK general election year, it is clear that policy and delivery in each area will not always move at the same pace. But the imperative to simultaneously secure affordable energy supplies whilst tackli...