National Grid plc (NYSE:NGG) Q4 2024 Earnings Conference Call May 23, 2024 4:15 AM ET Company Participants Nicholas Ashworth - Director, IR John Pettigrew - CEO Andy Agg - CFO Conference Call Participants Dominic Nash - Barclays Pavan Mahbubani - JPMorgan Deepa Venkateswaran - Bernstein Harry Wyburd - BNP Paribas Exane Ahmed Farman - Jefferies Alexander Wheeler - RBC Capital Markets Rob Pulleyn - Morgan Stanley Mark Freshney - UBS Charles Swabey - HSBC Marcin Wojtal - Bank of America Ajay Patel - Goldman Sa ...

Projects Across Northeast Will Harden Grid, Reduce Emissions and Deliver Benefits for Customers & Local Economies BROOKLYN, N.Y. and WALTHAM, Mass., May 23, 2024 /PRNewswire/ -- National Grid today announced plans to invest an estimated $75 billion* across the company's service territory in the UK and US over the next five years, with nearly half of the funding dedicated to US energy system improvements in Massachusetts and New York. This significant step up to approximately $35 billion* of investment repre ...

公司业绩及市场情况 - 公司在2023年第四季度举行财报电话会议，中国市场iPhone销售创下收入纪录为967.7亿美元[8],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[110],[

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Date: 23 May 2024 Commission File Number: 001-14958 NATIONAL GRID plc (Translation of registrant’s name into English) England and Wales (Jurisdiction of Incorporation) 1-3 Strand, London, WC2N 5EH, United Kingdom (Address of principal executive office) Indicate by check mark whether the registrant files or will file annua ...

The program reflects the company's commitment to workforce development and employment pathways for underrepresented talent WALTHAM, Mass. and BROOKLYN, N.Y., April 24, 2024 /PRNewswire/ -- National Grid today opened applications for its "Charging Our Future" Diversity, Equity, and Inclusion (DEI) Engineering Scholarship Program. The program supports students enrolled in undergraduate engineering programs with a strong interest in energy industry careers. Now in its third year, National Grid launched the sch ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Date: 9 November 2023 Commission File Number: 001-14958 NATIONAL GRID plc (Translation of registrant’s name into English) England and Wales (Jurisdiction of Incorporation) 1-3 Strand, London, WC2N 5EH, United Kingdom (Address of principal executive office) Indicate by check mark whether the registrant files or will file a ...

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 2023 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 r ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Date: 6 June 2023 Commission File Number: 001-14958 NATIONAL GRID plc (Translation of registrant’s name into English) England and Wales (Jurisdiction of Incorporation) 1-3 Strand, London, WC2N 5EH, United Kingdom (Address of principal executive office) Indicate by check mark whether the registrant files or will file annua ...

财务数据和关键指标变化 - 公司2023财年的基础营业利润为46亿英镑,同比增长15%,按固定汇率计算增长10% [16] - 基础每股收益为69.7便士,同比增长7% [16] - 资本投资达到77亿英镑,同比增长8% [17] - 公司已实现4亿英镑的成本效率提升,接近400亿英镑的目标 [18] - 公司将按照英国CPIH指数增长的方式增加股息,本年度每股股息为55.44便士,增长8.77% [18] 各条业务线数据和关键指标变化 - 英国电力输配业务:营业利润为12.3亿英镑,同比增长343亿英镑,ROE为13.2%,超出允许回报120个基点 [38][39] - 英国电力输电业务:营业利润为11亿英镑,同比下降4500万英镑,主要由于向客户返还1.5亿英镑 [40][41] - 美国纽约业务:ROE为8.6%,达到允许回报的96%,资产基础增长9.9% [22][23] - 美国新英格兰业务:ROE为8.3%,同比提升30个基点,资产基础增长6.3% [24] - 国家电网风险投资:营业利润增加2.78亿英镑至6.93亿英镑,主要由于挪威海底电缆首个完整运营年度 [46] 各个市场数据和关键指标变化 - 英国:电力输配业务客户满意度为8.99分,电力输电业务ROE为7.5%,超出允许回报120个基点 [29][25] - 美国:纽约业务ROE为8.6%,新英格兰业务ROE为8.3% [22][24] 公司战略和发展方向及行业竞争 - 公司已完成战略转型,英国电力配电业务整合到国家电网,出售了罗德岛业务,并出售了60%的英国天然气输送业务 [11][12] - 公司成立了新的战略基础设施业务部门,负责高效交付英国未来10年内大规模的输电基础设施建设 [13] - 公司正在推动英国电力系统运营商的独立分离,为未来的能源转型做准备 [12] - 公司在美国东北部地区持续推进清洁能源基础设施投资,获得了多项监管批准 [22][24] - 公司正在积极参与英国和美国政府制定的能源转型政策和法规的制定过程 [60][61] 管理层对经营环境和未来前景的评论 - 能源价格高涨引发了政府和监管机构加快能源转型的决心,公司处于能源转型的核心地位 [6][7] - 公司正在英国和美国大规模投资清洁能源基础设施,为未来多年的增长机会做好准备 [5][9][10] - 公司在帮助客户和社区应对能源危机方面发挥了重要作用,提前返还1亿英镑的互联网收入,并提供了近2400万英镑的客户支持 [14][15] - 公司认为,只有大规模投资清洁能源,才能从根本上降低客户账单 [15] - 公司对未来5年内最高400亿英镑的资本投资和6%-8%的每股收益复合年增长率目标保持信心 [57] 问答环节重要的提问和回答 问题1 **Jenny Ping 提问** 公司是否对目前30%天然气业务的占比感到满意 [77][79] **John Pettigrew 回答** 公司对目前70%电力30%天然气的业务组合感到满意,认为天然气在能源转型中仍有重要作用 [79] 问题2 **Martin Young 提问** 公司对2026年之后的融资策略和业务组合有何考虑 [81][82][83] **John Pettigrew 和 Andy Agg 回答** 公司目前主要关注未来10年内80-100亿英镑的资本开支计划,具体2026年之后的融资和业务组合还需要进一步明确监管框架和政策支持 [83][88] 问题3 **Jingjie Yang 提问** 公司2024财年每股收益指引是否意味着未来3年每年只有1%-2%的增长 [100][101][104][105] **Andy Agg 回答** 公司5年8%-6%的每股收益复合增长目标不变,2024财年受到税收抵免政策影响略有下降,但长期增长目标不变 [104][105][107]

Full Year Results 2022/23 London, 18 May 2023 Cautionary statement Thispresentationcontainscertainstatementsthatareneitherreportedfinancialresultsnorotherhistoricalinformation.Thesestatementsareforward-lookingstatementswithinthemeaningofSection 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)financialcondition,itsresultsofoperationsandbusinesses,strategy,plansa ...