Centrica PLC (OTCPK:CPYYF)
$ 1.5 0 (0%) Market Cap: 7.78 Bil Enterprise Value: 3.73 Bil PE Ratio: 5.36 PB Ratio: 1.25 GF Score: 79/100

Half Year 2019 Centrica PLC Earnings Call Transcript

Jul 30, 2019 / 08:00AM GMT
Release Date Price: $0.92 (-15.60%)
Iain C. Conn
Centrica plc - Group CEO & Executive Director

Good morning, ladies and gentlemen, and welcome to Centrica's Interim Results Summary of our Strategic Update, which the Board has been conducting over the last 6 months. First, a word on safety. There are no planned fire alarms today and any building evacuation will be announced by security. Emergency exits are marked at the front and the rear of the auditorium, and UBS staff will direct you to the muster point, which is located on Sun Street.

Before I continue with the rest of the presentation, let me comment on the other announcement today that I will step down and retire from the Board next year. Since 2015, we've been repositioning Centrica towards the customer and from a company ill-equipped to deal with the major changes in the energy landscape, to one capable of being in tune with it and the transition to a lower carbon world.

The announcements we're making today, including exiting oil and gas production and becoming an energy services and solutions company, once materially underway or completed, form the right

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