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CLP Holdings Ltd (CLPHY) CEO Richard Lancaster on Q2 2021 Results - Earnings Call Transcript

Aug. 02, 2021 3:00 PM ETCLP Holdings Limited (CLPHY), CLPHF
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CLP Holdings Ltd (OTCPK:CLPHY) Q2 2021 Earnings Conference Call August 2, 2021 3:45 AM ET

Company Participants

Angus Guthrie - Director, IR

Richard Lancaster - CEO

Nicolas Tissot - CFO

Conference Call Participants

Evan Li - HSBC

Cissy Guan - Bank of America Merrill Lynch

Angus Guthrie

Welcome, ladies and gentlemen, to CLP's 2021 Interim Results Analyst Briefing and Webcast. I'm joined here today for the webcast by the CEO of CLP Holdings, Mr. Richard Lancaster to my right; and the CFO of CLP Holdings; Mr. Nicolas Tissot to Richard's right. We announced our results and lodged them with the Hong Kong Stock Exchange at around about midday today. That same announcement and the presentation materials we will address today are available now on our website as well. We will follow the usual practice and Richard and Nicolas will, first of all, take us through the presentation, following which we will undertake a Q&A session. [Operator Instructions]. Our priority will be given to the analysts asking live questions, but we will try and endeavor to get through all of the questions that are presented.

As a final note, Richard, Nicolas and myself have all been vaccinated, we are appropriately spaced here. So we will not be wearing masks today as part of this presentation.

With that format explained, I'd like to hand over to Richard Lancaster to commence the presentation.

Richard Lancaster

Thanks, Angus, and good afternoon, ladies and gentlemen, and welcome to our presentation of the 2021 interim results. As we emerge from one of the most challenging periods we've seen for some time, I'm pleased to say that we've made good progress on our decarbonization goals and we've delivered safe and reliable operations and customer services across the business. In Hong Kong, we continue to make investments to reduce the carbon intensity of electricity generation. In Mainland

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