Centrica Results Presentation Deck
A strong balance sheet key to
growing shareholder value
• Robust balance sheet and strong investment grade credit ratings
Triennial pensions review expected to conclude in H1 2022
Seeking to grow operating cash flows over time
Focused cost management
●
●
• Disciplined deployment of capital
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- Maintenance capital of ~£100m p.a.
- Potential investments in energy transition opportunities
Deliver attractive shareholder returns
-
Restart dividend and grow over time
Pension deficit (£bn)
3.0
2.5
2.0
1.5
1.0
0.5
0.0
centrica
IAS 19
Technical deficit¹
رلار
Jun
Dec Jun Dec Jun Dec
2019 2019 2020 2020 2021 2021
1. On a pure roll-forward basis from 31 March 2018, using the same methodology and consequent assumptions, the scheme funding (Technical Provisions) deficit would be in the region of £1.3bn as at 31 December 2021.
The 31 March 2021 triennial review is underway and the valuation methodology and assumptions may differ from those previously used.
10 Centrica plc Preliminary Results 2021View entire presentation