RWE Aktiengesellschaft (RWEOY) Q3 2024 Earnings Call Transcript

RWE Aktiengesellschaft (OTCPK:RWEOY) Q3 2024 Earnings Convention Name November 13, 2024 7:00 AM ET

Firm Members

Thomas Denny – Investor Relations
Markus Krebber – Chief Government Officer
Michael Muller – Chief Monetary Officer

Convention Name Members

Alberto Gandolfi – Goldman Sachs
Peter Bisztyga – Financial institution of America
Rob Pulleyn – Morgan Stanley
Deepa Venkateswaran – Bernstein
Ahmed Farman – Jefferies
Meike Becker – HSBC
Wanda Serwinowska – UBS
Olly Jeffery – Deutsche Financial institution
Harry Wyburd – BNP Paribas Exane
Piotr Dzieciolowski – Citi
Ingo Becker – Kepler Cheuvreux
Pujarini Ghosh – Bernstein

Operator

Welcome to the RWE Convention Name. Markus Krebber, CEO of RWE AG, and Michael Muller, CFO of RWE AG, will inform you concerning the developments within the first three quarters of fiscal 2024.

I’ll now hand over to Thomas Denny. Please go forward.

Thomas Denny

Thanks, and good afternoon, women and gents. Thanks for becoming a member of the 9 months 2024 RWE investor and analyst convention name in the present day. Our CEO Markus Krebber will kick it off with the important thing 9 months highlights, and an replace on capital allocation, together with a share buyback program. Afterwards, our CFO, Michael Muller, will current the main points and can information you thru the monetary efficiency of the primary 9 months in addition to the outlook for the present 12 months.

And with that, let me hand over to Markus.

Markus Krebber

Thanks, Thomas. And in addition, a heat welcome to everybody from my aspect.

This 12 months is all about execution of our technique, delivering the monetary efficiency and consistently reassessing capital allocation. We have now made robust progress in executing our Rising Inexperienced technique and continued the transformation of our firm with worthwhile development by our investments.

Thus far in 2024, we’ve got invested €6.9 billion web with 95% of our investments being taxonomy aligned. We have now