
https://www.drax.com/uk/wp-content/uploads/sites/8/2021/07/Drax-2021-HYR-Analyst-Presentation.pdf
https://www.drax.com/uk/wp-content/uploads/sites/8/2021/07/Drax-2021-HYR-Analyst-Presentation.pdf
RNS Number: 8333G
Drax Group plc
(“Drax” or the “Group”; Symbol:DRX)
Six months ended 30 June | H1 2021 | H1 2020 |
---|---|---|
Key financial performance measures | ||
Adjusted EBITDA (£ million)(1)(2) | 186 | 179 |
Continuing operations | 165 | 160 |
Discontinued operations – gas generation | 21 | 19 |
Net debt (£ million)(3) | 1,029 | 792 |
Adjusted basic EPS (pence)(1) | 14.6 | 10.8 |
Interim dividend (pence per share) | 7.5 | 6.8 |
Total financial performance measures from continuing operations | ||
Operating profit / (loss) (£ million) | 84 | (57) |
Profit / (loss) before tax (£ million) | 52 | (85) |
“We have had a great first half of the year, transforming Drax into the world’s leading sustainable biomass generation and supply company as well as the UK’s largest generator of renewable power.
“The business has performed well, and we have exciting growth opportunities to support the global transition to a low-carbon economy.
“Drax has reduced its generation emissions by over 90%, and we are very proud to be one of the lowest carbon intensity power generators in Europe – a huge transformation for a business which less than a decade ago operated the largest coal power station in Western Europe.
“In the past six months we have significantly advanced our plans for Bioenergy with Carbon Capture and Storage (BECCS) in the UK and globally. By 2030 Drax could be delivering millions of tonnes of negative emissions and leading the world in providing a critical technology needed to tackle the climate crisis.
“We are pleased to be announcing a 10% increase in our dividend, and we remain committed to creating long-term value for all our stakeholders.”
Kentaro Hosomi, Chief Regional Officer EMEA, Mitsubishi Heavy Industries (MHI) at Drax Power Station, North Yorkshire
As at 25 July 2021 | 2021 | 2022 | 2023 | |
---|---|---|---|---|
Fixed price power sales (TWh) | 15.9 | 9.1 | 4.3 | |
- CfD(6) | 3.8 | 0.6 | - | |
- ROC | 10.8 | 8.4 | 4.0 | |
- Other | 1.3 | 0.1 | 0.3 | |
At an average achieved price (£ per MWh) | 51.7 | 52.4 | 52.7 |
View complete half year report | View investor presentation | Listen to webcast |
RNS Number: 1115G
Drax Group plc
(“Drax” or the “Group”; Symbol:DRX)
Drax Group plc (“Drax”) confirms that it will be announcing its Half Year Results for the six months ended 30 June 2021 on Thursday 29 July 2021.
Information regarding the results presentation and webcast is detailed below.
Management will host a webcast presentation for analysts and investors at 9:00am (UK Time), Thursday 29 July 2021.
The presentation can be accessed remotely via a live webcast link, as detailed below. After the meeting, the webcast recording will be made available and access details of this recording are also set out below.
A copy of the presentation will be made available from 7:00am (UK time) on Wednesday 29 July 2021 for download at: www.drax.com/uk/investors/announcements-events-reports/presentations/
Drax Group plc: Half Year Results
Thursday 29 July 2021
9:00am (UK time)
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Thursday 29 July 2021
Thursday 31 December 2021
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Website: www.Drax.com
Drax Group plc
(“Drax” or the “Group”; Symbol:DRX)
RNS Number : 6407S
The following documents have been mailed to the registered shareholders of Drax Group plc:
In accordance with Listing Rule 9.6.1 a copy of each of these documents will shortly be available for viewing on the National Storage Mechanism.
The Annual Report and Accounts 2020 and the Notice of the 2021 Annual General Meeting will also shortly be available as follows:
The Company is to hold its Annual General Meeting (AGM) at 11.30am on Wednesday 21 April 2021, at 8-10, The Lakes, Northampton NN4 7YD.
In light of Covid-19 restrictions and current prohibitions on public gatherings, attendance at the AGM shall be restricted and therefore shareholders are strongly encouraged to vote electronically or to vote by proxy.
However, despite the current exceptional circumstances, the Directors are keen to maintain engagement with shareholders. Shareholders can therefore join the meeting and submit questions by logging on to web.lumiagm.com. A user guide detailing the arrangements to join and submit questions at the meeting is set out in the Notice of AGM.
Detailed below are the key dates regarding the proposed final dividend:
The proposed rate of the final dividend is 10.3 pence per share.
Brett Gladden
Company Secretary
18 March 2021
Drax Group plc (“Drax”) confirms that it will be announcing its Full Year Results for the twelve months ended 31 December 2020 on Thursday 25 February 2021.
Information regarding the results presentation meeting and webcast is detailed below.
Management will host a webcast presentation for analysts and investors at 9:00am (UK Time), Thursday 25 February 2021.
The presentation can be accessed remotely via a live webcast link, as detailed below. After the meeting, the webcast recording will be made available and access details of this recording are also set out below.
In order to ask a question following the presentation please either dial-in using the conference call details below or submit a written question using the Q&A functionality on the webcast platform.
A copy of the presentation will be made available from 7:00am (UK time) on Thursday 25 February 2021 for download at: www.drax.com>>investors>>results-reports-agm>> #investor-relations-presentations or use the link https://www.drax.com/uk/investors/results-reports-agm/#investor-relations-presentations
Drax biomass wagons entering rail unloading building
Drax Group plc: Full Year Results
Thursday 25 February 2021
9:00am (UK time)
https://secure.emincote.com/client/drax/drax009
https://secure.emincote.com/client/drax/drax009/vip_connect
Thursday 25 February 2021
Friday 31 December 2021
https://secure.emincote.com/client/drax/drax009
www.drax.com/uk
RNS Number : 3978U
Drax Group PLC (Symbol: DRX)
Six months ended 30 June | H1 2020 | H1 2019 |
---|---|---|
Key financial performance measures | ||
Adjusted EBITDA (£ million) (1)(2) | 179 | 138 |
Cash generated from operations (£ million) | 226 | 229 |
Net debt (£ million) (3) | 792 | 924 |
Interim dividend (pence per share) | 6.8 | 6.4 |
Adjusted basic earnings per share (pence) (1) | 10.8 | 2 |
Total financial performance measures | ||
Coal obsolescence charges | -224 | - |
Operating (loss) / profit (£ million) | -32 | 34 |
(Loss) / profit before tax (£ million) | -61 | 4 |
Basic (loss) / earnings per share (pence) | -14 | 1 |
Biomass storage dome with conveyor in the foreground, Drax Power Station, North Yorkshire [Click to view/download]
“As well as generating the flexible, reliable and renewable electricity the UK economy needs, we’re delivering against our strategy to reduce the costs of our sustainable biomass and we’re continuing to make progress pioneering world-leading bioenergy with carbon capture technologies, known as BECCS, to deliver negative emissions and help the UK meet its 2050 net zero carbon target.“With these robust half-year results, Drax is delivering for shareholders with an increased dividend while continuing to support our employees, communities and customers during the Covid-19 crisis.
“National Grid stated this week that the UK can’t reach net zero by 2050 without negative emissions from bioenergy with carbon capture and storage. BECCS delivers for the environment and also provides an opportunity to create jobs and clean economic growth in the North and around the country.”
Power lines and pylon above Cruachan Power Station, viewed from Ben Cruachan above [Click to view/download]
View complete half year report
View analyst presentation
Listen to webcast
View/download main image. Caption: LaSalle BioEnergy (centre) and co-located sawmill (right), Louisiana