REG - Severn Trent PLC - ST Plc confirms fifth year of 4-star EPA status

Severn TrentAnnouncement

23/07/2024 07:30

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RNS Number : 4355X  Severn Trent PLC  23 July 2024

 

Severn Trent Plc confirms record fifth year of 4-star EPA status

 

Severn Trent Plc are delighted to confirm today that Severn Trent Water has
been awarded the highest-possible 4-star status in the Environment Agency's
2023 Environmental Performance Assessment ('EPA'). This award extends Severn
Trent's status as the only company to have achieved five consecutive years of
'industry-leading' environmental status.

 

The EPA is a tool used by the Environment Agency to assess and compare the
performance of water companies in England. In order to drive improvements in
environmental standards, the assessment rightly tightens each year. We are
pleased to have maintained the highest-possible 4-star status for a fifth
consecutive year against these increasingly stretching targets.

 

After six months of the current period we are on track for a sixth consecutive
year of 4-star environmental performance, which would mean we have achieved
the highest possible environmental rating for every year of AMP7.

 

Further information on the Environmental Performance Assessment and individual
metrics can be found at:
https://www.gov.uk/government/publications/water-and-sewerage-companies-in-england-environmental-performance-report-2023
(https://www.gov.uk/government/publications/water-and-sewerage-companies-in-england-environmental-performance-report-2023)
.

We remain on track to deliver the most ambitious storm overflow improvement
plan in the sector, with our teams delivering interventions daily to improve
900 storm overflows this year alone. The work we have completed so far gives
us confidence that we will be able to halve our spills rate by 2030.

 

PR24 Draft Determination Presentation

 

We have also released a presentation this morning giving more detail on the
Draft Determination we received from Ofwat on 11 July, which assessed our
business plan to be Outstanding. The presentation is available on our website
(www.severntrent.com (http://www.severntrent.com) ). You will also be able to
register online via the same link for two live Q&A sessions we are hosting
at 2pm BST and 10pm BST today with Liv Garfield, CEO, Helen Miles, CFO, and
Shane Anderson, Director of Strategy and Regulation.

 

Enquiries

 Investors & Analysts
 Rachel Martin               Severn Trent Plc  +44 (0) 782 462 4011
 Head of Investor Relations

 Andy Farrell                Severn Trent Plc  +44 (0) 798 939 0825
 Investor Relations Manager

 Media
 Jonathan Sibun              Teneo             +44 (0) 207 353 4200
 Press Office                Severn Trent Plc  +44 (0) 247 771 5640

 

 

Cautionary statement regarding forward-looking statements

This document contains statements that are, or may be deemed to be,
'forward-looking statements' with respect to Severn Trent's financial
condition, results of operations and business and certain of Severn Trent's
plans and objectives with respect to these items.

 

Forward-looking statements are sometimes, but not always, identified by their
use of a date in the future or such words as 'anticipates', 'aims', 'due',
'could', 'may', 'will', 'would', 'should', 'expects', 'believes', 'intends',
'plans', 'projects', 'potential', 'reasonably possible', 'targets', 'goal',
'estimates' or words with a similar meaning, and, in each case, their negative
or other variations or comparable terminology. Any forward-looking statements
in this document are based on Severn Trent's current expectations and, by
their very nature, forward-looking statements are inherently unpredictable,
speculative and involve risk and uncertainty because they relate to events and
depend on circumstances that may or may not occur in the future.

 

Forward-looking statements are not guarantees of future performance and no
assurances can be given that the forward-looking statements in this document
will be realised. There are a number of factors, many of which are beyond
Severn Trent's control that could cause actual results, performance and
developments to differ materially from those expressed or implied by these
forward-looking statements. These factors include, but are not limited to: the
Principal Risks disclosed in our latest Annual Report and Accounts (which have
not been updated since the date of its publication); changes in the economies
and markets in which the group operates; changes in the regulatory and
competition frameworks in which the group operates; the impact of legal or
other proceedings against or which affect the group; and changes in interest
and exchange rates.

All written or verbal forward-looking statements, made in this document or
made subsequently, which are attributable to Severn Trent or any other member
of the group or persons acting on their behalf are expressly qualified in
their entirety by the factors referred to above. The final PR24 Business Plan
is subject to approval by Ofwat and there can be no assurance that the PR24
Business Plan will be approved, in whole or in part, and, as a result, no
assurances can be given that the forward-looking statements in this document
will be realised. This statement extends to and includes the draft
determination for the PR24 Business Plan which remains subject to final
approval and publication of the final determination by Ofwat. This document
speaks as at the date of publication. Save as required by applicable laws and
regulations, Severn Trent does not intend to update any forward-looking
statements and does not undertake any obligation to do so. Past performance of
securities of Severn Trent Plc cannot be relied upon as a guide to the future
performance of securities of Severn Trent Plc.

Nothing in this document should be regarded as a profits forecast.

Certain information contained herein is based on management estimates and
Severn Trent's own internal research. Management estimates have been made in
good faith and represent the current beliefs of applicable members of Severn
Trent's management. While those management members believe that such estimates
and research are reasonable and reliable, they, and their underlying
methodology and assumptions, have not been verified by any independent source
for accuracy or completeness and are subject to change without notice, and, by
their nature, estimates may not be correct or complete. Accordingly, no
representation or warranty (express or implied) is given to any recipient of
this document that such estimates are correct or complete.

 

This document is not an offer to sell, exchange or transfer any securities of
Severn Trent Plc or any of its subsidiaries and is not soliciting an offer to
purchase, exchange or transfer such securities in any jurisdiction. Securities
may not be offered, sold or transferred in the United States, absent
registration or an applicable exemption from the registration requirements of
the US Securities Act of 1933 (as amended).

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