REG - National Grid PLC - National Grid - Doing Right Now: Investor Day

National GridAnnouncement

18/11/2021 07:05

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RNS Number : 7516S  National Grid PLC  18 November 2021

 

 

18 November 2021

Doing Right Now: Investor Day

 

John Pettigrew, National Grid CEO, will today be joined by leaders and experts
from across our businesses to host an investor day in London.

 

The event will provide an in-depth view on evolving areas of our business, to
strengthen your understanding of our market position today, and our exciting
plans for the future.

 

We will also be providing further insight into the vital role that National
Grid is playing to lead the ongoing energy transition, sharing more detail on
the longer-term opportunities for future growth and our 5-year financial
outlook.

 

Please register here (https://www.nationalgridinvestorday.com/) to join us
virtually or in person for today's event, which will begin at 13.00 GMT.

 

Today's speakers will include:

 

John Pettigrew, CEO

Andy Agg, CFO

Phil Swift, President, Western Power Distribution

Rudy Wynter, President, National Grid New York

Steve Woerner, President, National Grid New England

Chris Bennett, President, UK Electricity Transmission (interim)

Cordi O'Hara, President, National Grid Ventures

 

See the investor day website (https://www.nationalgridinvestorday.com/home)
for a full list of speakers, the event agenda and Q&A instructions.

 

No material updates on current trading will be provided.

 

All materials and a video recording will be made available on the investor day
website (https://www.nationalgridinvestorday.com/) .

 

National Grid also announced its Half Year Results 21/22 today, visit our
website (https://www.nationalgrid.com/investors/events/results-centre) to
access the materials and watch the webcast with John Pettigrew, CEO and Andy
Agg, CFO at 09.15 GMT.

 

 

 

CONTACTS

 

Event support

 

Please email helpdesk@nationalgridinvestorday.com
(mailto:helpdesk@nationalgridinvestorday.com)

 

 

 

 

 

 

 

 

CAUTIONARY STATEMENT

This announcement 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 results of operations
and businesses, strategy, plans and objectives. Words such as 'aims',
'anticipates', 'expects', 'should', 'intends', 'plans', 'believes', 'outlook',
'seeks', 'estimates', 'targets', 'may', 'will', 'continue', 'project' and
similar expressions, as well as statements in the future tense, identify
forward-looking statements. These forward-looking statements are not
guarantees of National Grid's future performance and are subject to
assumptions, risks and uncertainties that could cause actual future results to
differ materially from those expressed in or implied by such forward-looking
statements. Many of these assumptions, risks and uncertainties relate to
factors that are beyond National Grid's ability to control, predict or
estimate precisely, such as changes in laws or regulations, including any
arising as a result of the United Kingdom's exit from the European Union,
announcements from and decisions by governmental bodies or regulators,
including the implementation of the RIIO-2 price controls; the timing of
construction and delivery by third parties of new generation projects
requiring connection; breaches of, or changes in, environmental, climate
change and health and safety laws or regulations, including breaches or other
incidents arising from the potentially harmful nature of its activities;
network failure or interruption (including any that result in safety and/or
environmental events), the inability to carry out critical non network
operations and damage to infrastructure, due to adverse weather conditions
including the impact of major storms as well as the results of climate change,
due to counterparties being unable to deliver physical commodities, or due to
the failure of or unauthorised access to or deliberate breaches of National
Grid's IT systems and supporting technology; failure to adequately forecast
and respond to disruptions in energy supply including those caused by the
COVID-19 pandemic; performance against regulatory targets and standards and
against National Grid's peers with the aim of delivering stakeholder
expectations regarding costs and efficiency savings, as well as against
targets and standards designed to deliver net zero; and customers and
counterparties (including financial institutions) failing to perform their
obligations to the Company. Other factors that could cause actual results to
differ materially from those described in this announcement include
fluctuations in exchange rates, interest rates and commodity price indices;
restrictions and conditions (including filing requirements) in National Grid's
borrowing and debt arrangements, funding costs and access to financing;
regulatory requirements for the Company to maintain financial resources in
certain parts of its business and restrictions on some subsidiaries'
transactions such as paying dividends, lending or levying charges; the delayed
timing of recoveries and payments in National Grid's regulated businesses,
including as a result of the COVID-19 pandemic, and whether aspects of its
activities are contestable; the funding requirements and performance of
National Grid's pension schemes and other post-retirement benefit schemes; the
failure to attract, develop and retain employees with the necessary
competencies, including leadership skills, and any significant disputes
arising with National Grid's employees or the breach of laws or regulations by
its employees; the failure to respond to market developments, including
competition for onshore transmission; the threats and opportunities presented
by emerging technology; the failure by the Company to respond to, or meet its
own commitments as a leader in relation to, climate change development
activities relating to energy transition, including the integration of
distributed energy resources; and the need to grow the Company's business to
deliver its strategy, as well as incorrect or unforeseen assumptions or
conclusions (including unanticipated costs and liabilities) relating to
business development activity, including the integration of WPD, the sale of
the Company's Rhode Island gas and electricity business and the proposed sale
of a majority stake in its UK gas transmission business. For further details
regarding these and other assumptions, risks and uncertainties that may impact
National Grid, please read the Strategic Report section and the 'Risk factors'
on pages 236 to 239 of National Grid's most recent Annual Report and Accounts,
as updated by the Principal risks and uncertainties statement on page 53 of
this announcement. In addition, new factors emerge from time to time and
National Grid cannot assess the potential impact of any such factor on its
activities or the extent to which any factor, or combination of factors, may
cause actual future results to differ materially from those contained in any
forward-looking statement. Except as may be required by law or regulation, the
Company undertakes no obligation to update any of its forward-looking
statements, which speak only as of the date of this announcement.

 

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