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National Grid plc Full Year Results 2019/20 June 2020 1Full Year Results 2019/20 London,18 June 2020
National Grid plc Full Year Results 2019/20 June 2020 1Full Year Results
National Grid plc Full Year Results 2019/20 June 2020 2Cautionary statement
This presentation contains certain statements thatareneither reported financial results norother historical information .These statements areforward -looking statements within themeaning of
Section 27AoftheSecurities Actof1933 ,asamended, andSection 21EoftheSecurities Exchange Actof1934, asamended .These statements include information with respect toNational
Grid’s (theCompany) financial condition, itsresults ofoperations andbusinesses, strategy, plans andobjectives .Words such as‘aims’, ‘anticipates’, ‘expects’, ‘should’, ‘intends’, ‘plans’,
‘believes’, ‘outlook’, ‘seeks’, ‘estimates’, ‘targets’, ‘may’, ‘will’, ‘continue’, ‘project’ andsimilar expressions, aswellasstatements inthefuture tense, identify forward -looking statements .These
forward -looking statements arenotguarantees ofNational Grid’s future performance andaresubject toassumptions, risks anduncertainties thatcould cause actual future results todiffer
materially from those expressed inorimplied bysuch forward -looking statements .Many ofthese assumptions, risks anduncertainties relate tofactors thatarebeyond National Grid’s ability to
control, predict orestimate precisely, such astheimpact ofCOVID -19onouroperations, ouremployees, ourcounterparties, ourfunding andourregulatory andlegal obligations, butalso, more
widely, changes inlaws orregulations, including anyarising asaresult oftheUnited Kingdom's exitfrom theEuropean Union, announcements from anddecisions bygovernmental bodies or
regulators, including proposals relating totheRIIO-2price controls aswellasincreased economic uncertainty resulting from COVID -19;thetiming ofconstruction anddelivery bythird parties of
new generation projects requiring connection ;breaches of,orchanges in,environmental, climate change andhealth andsafety laws orregulations, including breaches orother incidents arising
from thepotentially harmful nature ofitsactivities ;network failure orinterruption, theinability tocarry outcritical nonnetwork operations anddamage toinfrastructure, duetoadverse weather
conditions including theimpact ofmajor storms aswellastheresults ofclimate change, duetocounterparties being unable todeliver physical commodities, orduetothefailure ofor
unauthorised access toordeliberate breaches ofNational Grid’s ITsystems andsupporting technology ;failure toadequately forecast andrespond todisruptions inenergy supply ;performance
against regulatory targets andstandards andagainst National Grid’s peers with theaimofdelivering stakeholder expectations regarding costs andefficiency savings ;andcustomers and
counterparties (including financial institutions) failing toperform their obligations totheCompany .Other factors thatcould cause actual results todiffer materially from those described inthis
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