Accelerating the energy transition • 17 major transmission projects awarded by Ofgem • $3.8bn approved in the US outside of rate cases 4 Full Year Results 2022/23 nationalgrid Record capital investment £7.7bn | --- | --- | --- | --- | --- | |--------------------|-------------------------------------------------------------------------------------------------------|-------------------------------------------|--------------------------------|------------------------------| | | | | | | | World's first | 1.4 GW ...

National Grid plc (NYSE:NGG) Q2 2023 Earnings Conference Call November 10, 2022 4:45 AM ET Company Participants Nick Ashworth - Director of Investor Relations John Pettigrew - Chief Executive Officer | --- | |-------------------------------------------------| | | | Andy Agg - Chief Financial Officer | | Conference Call Participants | | Martin Young - Investec | | Mark Freshney - Credit Suisse | | Dominic Nash - Barclays | | Ahmed Farman - Jefferies Verity Mitchell - HSBC | | Jenny Ping - Citi | | James Bran ...

Financial Performance - Underlying EPS for 2021/22 was 37.0 pence, compared to 10.6 pence in 2020/21, reflecting a significant increase [23] - Return on Equity (ROE) for the group was reported at 20.21% for 2021/22, up from 12.0% in the previous year [23] - The company’s underlying operating profit has shown a growth of 29% from continuing operations [62] - National Grid's dividend policy aims for per share growth in line with inflation, with dividends having grown for over 20 years [77] - The full-year dividend proposed is 50.97 pence per share, an increase from 49.16 pence per share in the prior period [109] - The company has a strong track record of delivering asset growth, with 8.7% growth reported for 2021/22 [98] Environmental Commitment - The company aims to eliminate fossil fuels from its US gas and electric systems by 2050, proposing a hybrid approach with electric heat pumps [41] - National Grid is committed to delivering a clean energy future and has been involved as a principal partner for COP26 [30] - The company has committed to reducing its Greenhouse Gas emissions to net zero by 2050, collaborating with governments to meet carbon reduction targets [85] - National Grid aims to achieve net zero greenhouse gas emissions by 2050, with a commitment to reduce emissions in line with climate science approved by the UN's Science Based Targets initiative [184][191] - The company is working on a pilot project to replace sulphur hexafluoride (SF6) gas with a greener alternative, aiming to reduce SF6 emissions by 50% by 2030 [191] - The company aims to achieve a 50% reduction in SF6 emissions by 2030 and eliminate SF6 gas from its electricity assets by 2050 [192] - National Grid's carbon emissions have decreased by 65% across the Group compared to a 1990 baseline [148] Safety and Employee Engagement - Group safety performance improved, with lost time injuries per 100,000 hours worked decreasing to 0.10 in 2021/22 from 0.13 in 2020/21 [25] - Employee engagement rose to 81% in 2021/22, up from 77% in the previous year [25] - The company emphasizes strong stakeholder relationships, including with governments, suppliers, and economic regulators, to ensure efficient service delivery [76] - National Grid received a score of 100 on the Human Rights Campaign Foundation's 2022 Corporate Equality Index, being recognized as a top employer for LGBTQ equality [216] - The company strives for 50% diversity in all new talent programs by 2025 [216] - The company plans to achieve Gold accreditation with Investors in People by the end of RIIO-ED2, demonstrating exceptional employment practices [216] Infrastructure and Investment - The company operates 14,397 miles (23,165 kilometers) of gas pipelines in the US, an increase from 14,372 miles (23,125 kilometers) in 2020/21 [65] - The company owns and operates 100,000 miles (161,000 kilometers) of electricity distribution circuits, up from 141,081 miles (227,337 kilometers) in 2020/21 [66] - The company is working on a new interconnector to link with Denmark, enhancing its capacity for renewable energy trading [66] - The company forecasts capital investment of £30 - 35 billion between 2021/22 and 2025/26, driving asset growth of 6 - 8% CAGR [94] - Green capital expenditure for decarbonisation will account for approximately £24 billion of the total investment during the same period [107] - The company is pivoting towards electricity, with significant investments in high-voltage electric transmission infrastructure and hydrogen blending projects in the US [121] Renewable Energy Initiatives - The company has invested significantly in large-scale renewable energy projects in the US, including wind and solar [52] - National Grid Ventures completed the North Sea Link interconnector, which can provide enough clean electricity to power 1.4 million homes [151] - The North Sea Link interconnector, costing €1.6 billion, can power approximately 1.4 million homes and is expected to reduce the UK's carbon emissions by 23 million tonnes [207] - The company has 22 GW of renewables connected to its UK and US electricity transmission and distribution networks [211] - The company is developing a Cap and Floor regulatory regime to reduce radial connections limiting distribution for future interconnectors [213] Community and Social Responsibility - National Grid donated £1 million to support humanitarian efforts in Ukraine, distributed equally among the British Red Cross, the United Nations refugee agency, and UNICEF [180] - WPD announced a £500,000 fund to assist those in fuel poverty during the winter, part of a wider £1 million Community Matters Fund, benefiting approximately 29,000 people [180] - The Treasury announced up to £350 of government support for households to mitigate rising energy costs, including a £200 discount on electricity bills [177] Market and Regulatory Environment - The reporting currency for financial results is in sterling, with a weighted average exchange rate of $1.35 to £1 for 2021/22 [27] - Ofgem announced a 54% increase in the energy price cap in February 2022 due to rising wholesale energy prices [176] - The energy price index rose by 26% from February 2021 to February 2022, with natural gas and electricity prices increasing by 24% and 9%, respectively [178] - The company reported a 330% increase in European gas prices in 2021, significantly impacting affordability for customers [175] Innovation and Technology - The company launched the Digitalising Work Management initiative to improve efficiency across 50 Electricity Transmission operations sites [211] - The company signed an offshore partnership with RWE Renewables for the New York Bight seabed lease auction, involving collaboration among fifty personnel [216] - The Pathfinder solution was launched in the US to digitize and streamline field force work, improving efficiency in operations [216] - A digital copy of Great Britain's energy system is being created, allowing for accurate forecasts and commercial decision-making [215] - The company launched the AiDash satellite tech partnership at COP26 to enhance the green value of its sites [215]

National Grid plc (NYSE:NGG) Q4 2022 Earnings Conference Call May 19, 2022 4:15 AM ET Company Participants Nick Ashworth - Director, IR John Pettigrew - CEO Andy Agg - CFO Conference Call Participants John Musk - RBC Mark Freshney - Credit Suisse Jenny Ping - Citi Chris Laybutt - Morgan Stanley Deepa Venkateswaran - Bernstein Dominic Nash - Barclays Verity Mitchell - HSBC Sam Arie - UBS James Brand - Deutsche Bank Martin Young - Investec Nick Ashworth Good morning, everybody, and welcome to National Grid's ...

National Grid plc (NYSE:NGG) Q2 2022 Results Conference Call November 18, 2021 4:15 AM ET Company Participants Nick Ashworth - Director, IR John Pettigrew - CEO Andy Agg - CFO Conference Call Participants Dominic Nash - Barclays Jenny Ping - Citi John Musk - RBC Capital Markets Mark Freshney - Credit Suisse Deepa Venkateswaran - Sanford Bernstein Martin Young - Investec Bartlomiej Kubicki - Societe Generale Chris Laybutt - Morgan Stanley Nick Ashworth Good morning, and welcome to National Grid???s Half Year ...

nationalgrid Half Year Results 2021/22 London, 18 November 2021 Cautionary statement This presentation contains certain statements that are neither reported financial results nor other historical information. These statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include information with respect to National Grid's (the Company) financial condition, its re ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) £ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR R ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended 31 March 2021 OR `£ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR £ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event ...

National Grid plc (NYSE:NGG) Q4 2021 Earnings Conference Call May 20, 2021 4:15 AM ET Company Participants Nicholas Ashworth - Director of Investor Relations John Pettigrew - Chief Executive Officer Andrew Agg - Chief Financial Officer Conference Call Participants Dominic Nash - Barclays Bank PLC Christopher Laybutt - Morgan Stanley Jenny Ping - Citigroup Inc. Mark Freshney - Credit Suisse AG John Musk - RBC Capital Markets Ajay Patel - Goldman Sachs Group, Inc. Samuel Arie - UBS Investment Bank Martin Youn ...

nationalgrid Full Year Results 2020/21 London, 20 May 2021 hationalgrid Cautionary statement This presentation contains certain statements that are neither reported financial results nor other historical information. These statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include information with respect to National Grid's (the Company) financial condition ...

National Grid plc (NYSE:NGG) Half Year 2020/21 Earnings Conference Call November 12, 2020 4:15 AM ET Company Participants Nick Ashworth ??? Director-Investor Relations John Pettigrew ??? Chief Executive Officer Andy Agg ??? Chief Financial Officer Conference Call Participants John Musk ??? RBC Fraser McLaren ??? Bank of America Deepa Venkateswaran ??? Sanford C. Bernstein & Co., LLC. Mark Freshney ??? Cr??dit Suisse Dominic Nash ??? Barclays Jenny Ping ??? Citi Sam Arie ??? UBS Verity Mitchell ??? HSBC Chri ...