Last checked at 17 May 2022 07:00
17 May 2022
Investor Event Today: Leading with Energy
DCC plc, the leading international sales, marketing and support services group, is hosting an event for market participants today at 1.00 p.m. BST, 17 May 2022.
The event will cover DCC's energy strategy and growth opportunity through energy transition. It will also provide DCC Group perspectives on growth, capital allocation and sustainability.
Amongst other items, the event will cover:
• | The growth opportunities for DCC in the energy sector and proactive approach of the business to reducing the carbon emissions of customers |
• | A new structure for DCC's energy activities, including the establishment of a single energy division - DCC Energy |
• | Insight into the energy transition pathways of DCC Energy's customers and sectors |
• | The expansion of DCC Energy's product and service offering, highlighting new and innovative offerings and including discussion with DCC Energy teams, customers and partners |
• | Outline the anticipated financial characteristics of DCC Energy to 2030 and beyond |
The event will also cover DCC Group strategy, capital allocation and sustainability:
• | Group growth ambition to deliver double digit earnings growth to 2030 and beyond, leveraging leading positions across DCC Healthcare, DCC Technology and DCC Energy |
• | Capital allocation priorities and evolution of the Group over time |
• | Expansion of DCC's commitments in respect of carbon emissions, including a new commitment today to be net zero by 2050 or sooner for Scope 3 |
The event will be hosted by Donal Murphy, Chief Executive and members of the senior management team.
Donal Murphy, Chief Executive, said today:
"We are excited to launch this next phase of growth for our energy business and really demonstrate how DCC is Leading With Energy. Our energy strategy is focussed on accelerating the net zero journey of our customers by leading the sales, marketing and distribution of low carbon and renewable energy solutions. Our talented teams across DCC Energy have already made great progress in developing multi-energy solutions for our customers. Today we are making it clear that DCC will be Leading With Energy as we commit to being net zero for Scope 3 carbon emissions by 2050 or sooner, commit to deploy capital to accelerate our transition capability and highlight the growth opportunity available to us across DCC Energy, DCC Healthcare and DCC Technology."
Event Details
Please use the following webcast link to access the event:
https://www.investis-live.com/dcc/6272789f207390120011bf78/wefq
A recording of the event, presentation slides, detailed information pack and transcript will be made available shortly after the event at www.dcc.ie.
Contact information
Investor enquiries: |
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Donal Murphy, Chief Executive Kevin Lucey, Chief Financial Officer |
Tel: +353 1 2799 400 |
Rossa White, Head of Group Investor Relations | Email: investorrelations@dcc.ie |
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Media enquiries: |
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Powerscourt (Eavan Gannon/Genevieve Ryan) | Tel: +44 20 7250 1446 |
Email: DCC@powerscourt-group.com |
About DCC plc
DCC is a leading international sales, marketing and support services group with a clear focus on sustainable growth. DCC is an ambitious and entrepreneurial business operating in 21 countries, supplying products and services used by millions of people every day. Building strong routes to market, driving for results, focusing on cash conversion and generating superior sustainable returns on capital employed enable the Group to reinvest in its business, creating value for its stakeholders.
Headquartered in Dublin, the Group operates across three sectors: energy, healthcare and technology, employing over 15,400 people. DCC plc is listed on the London Stock Exchange and is a constituent of the FTSE 100. In its financial year ended 31 March 2022, DCC generated revenue of £17.7 billion and operating profit of £589.2 million.
DCC has an excellent record, delivering compound annual growth of 14% in operating profit and generating an average return on capital employed of approximately 19% over 28 years as a public company.
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www.dcc.ie