Half Year 2020 Mercury NZ Ltd Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. And welcome to the Mercury Interim Results Analyst Briefing. (Operator Instructions) Please be advised that today's conference is being recorded. I'd now like to hand the conference over to your first speaker today, Mr. Fraser Whineray, CEO. Thank you. Please go ahead.
(foreign language), everybody. Welcome to this interim results webcast for the FY 2020 financial year. We're pleased to be joined by members of the analyst community, owners and also media. Today with me is William Meek, our Chief Financial Officer, and we're pleased to go through the presentation in the usual manner and then get to Q&A afterwards.
So I'm just going to flick through to Slide 3, just to cover off the highlights. The EBITDAF was $258 million. That's down through $44 million versus the PCP. Most of that was due to a reduction in hydro generation, a smaller extent a reduction in geothermal generation due to planned outages, and also the removal of Metrix was resolved for
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