Investor Presentaiton
Northern Powergrid
Growth Opportunities in the UK
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Smart Meters
The smart meter rental business continues to see strong organic growth since its initial launch in
April 2014, with the company securing contracts to deploy 3.4 million meters before year-end 2024,
resulting in total capital deployment of over £600 million
In addition, there is a capital deployment pipeline of £34 million in active discussions with three suppliers
Through September 30, 2021, approximately £477 million in capital has been deployed
The short-term deployment profile was impacted by the COVID-19 pandemic, with manufacturing
disrupted and limited installations possible due to imposed access restrictions; however, a period of
accelerated installation has been seen following the end of lockdown restrictions
Thames Pipeline Catchment Area
The Phase One development of three independent gas fields received regulatory approval in April 2020.
Progress is being made toward first gas by year-end 2021
Phase One development capex is forecast to be £322 million, with Northern Powergrid paying 66%
of the costs in return for rights of over 50% of the gas plus royalties of £91 million
Projected production life is 2021-2037 (Phase One)
Incremental development of the project is focusing on 2022 gas exploration that leverages existing
proven reserves
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