SSE plc (SSE) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for joining us today as we set out our transformational, fully funded investment plan to deliver high quality capital and earnings growth. As I give my first presentation as Chief Executive, I am delighted to say that before us lies the most exciting period of growth I have seen in my near three decades at SSE. And by leaning into the UK Network's opportunity, we are underlining our position as a top tier European energy player. Over the course of the next 30 minutes, we will outline how we have been ramping up delivery of game-changing infrastructure, provide a brief update on our financial performance, and finally, lay out the detail behind a bold new plan that faces into the paradigm shift underway in our sector. Before I hand over to our Chief Financial Officer, Barry O'Regan, to run through our results for the half year, I want to briefly set the context for how our integrated strategy optimises growth and creates long-term sustainable value. SSE's position at the heart of the energy transition in our core UK and Ireland markets has created a once-in-a-generation opportunity for the group to significantly increase our investments in homegrown, secure and clean energy infrastructure. We have great options across networks, renewables and flexibility, but within that, the single biggest opportunity is in transmission. And that's our focus this morning. Under this plan, we will be investing £33 billion, of which 80% will be in networks, growing the regulatory asset base by a compound annual growth rate of around 25% to 2030, and positioning SSE as one of the fastest growing electricity network companies in the world. This will drive increasing levels of high quality index linked earnings with clear visibility to achieve between ...