Full Year 2023 SDCL Energy Efficiency Income Trust PLC Earnings Presentation Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Nigel Hawkins - Hardman & Co. - Analyst : Hey, it's Nigel Hawkins, Hardman investment research. Two [groups] on there. First on Oliva Spanish Cogeneration, [I've seen] the effect of struggling there. I know it's the GBP31 million active valuation loss as around a 20 (inaudible) And I was wondering when, A, we might see the EBITDA getting nearer [loss of significant] profit? And also, can you explain it why it's not connected by issues in Spain? After all, Spanish regulation, again, right back to issues 20 years ago, does change fairly regularly, and why the fact that you see (inaudible) on Spanish regulation with Oliva. And second, on United Utilities, would you explain how much you paid for United Utilities? I've heard at this meeting (inaudible) saying they confirmed they had sold the assets at a book loss (inaudible) and I wanted to raise the question on what sort of challenges are there if you were prepared to sell the asset (inaudible)

Question: Nigel Hawkins - Hardman & Co. - Analyst : Hey, it's Nigel Hawkins with Hardman again. We waxed lyrical rather UU do. Just wondering whether you think that the (inaudible) elsewhere around this sector (inaudible) Thames Water (inaudible) design (inaudible) soaring right about GBP30 billion. So I suspect asset sale is very likely (inaudible) Do you think it's of interest to you, both the Thames Water assets and other assets?