29th Feb 2008 07:00
United Utilities PLC
29 February 2008
UNITED UTILITIES INVESTOR PRESENTATION
United Utilities is today holding a presentation for investors and analysts covering various aspects of its business. The presentation will commence at 9.00am at the company's head office in Warrington. The key messages are set out below.
United Utilities has been transformed over the last two years and is now focused on its core skills of managing utility infrastructure. This focus has helped deliver operational performance and customer service improvements, with more expected, as the company prepares for the next water regulatory price review in 2009.
Cumulative capital expenditure on both United Utilities' water and wastewater investment programmes is broadly in line with regulatory assumptions. This follows agreement with Ofwat on the company's revised sludge programme. Overall, management remains confident of delivering the company's regulatory outputs and efficiency targets over the 2005-10 regulatory review period.
The company believes that capital investment will continue at or around current levels after 2010 to deliver benefits for customers and the environment and help adapt to climate change. This, in turn, should drive further growth for United Utilities.
The group has a clear strategy for growth in its non-regulated business based on applying its core utility skills, on an asset-light basis, in four key markets: UK utility outsourcing, UK municipal solid waste treatment, the Gulf region and Australia. United Utilities' non-regulated activities provide the opportunity to deliver additional shareholder value with little impact on the risk profile of the group.
The presentation and scripts will be available on the company's website ( www.unitedutilities.com).
United Utilities' contacts
For further information please contact:
Philip Green, Chief Executive +44 (0) 1925 237000 Tim Weller, Chief Financial Officer +44 (0) 1925 237000 Gaynor Kenyon, Communications Director +44 (0) 7753 622282 Darren Jameson, Head of Investor Relations +44 (0) 7733 127707
Dominic Fry / Peter Hewer, Tulchan Communications +44 (0) 20 7353 4200
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