We hosted a DCC Energy Insights Day, including a solar customer site visit, near Paris, France on 6th September 2023. Group, divisional and business unit management focused on DCC Energy's exciting growth prospects, business model and differentiated strategy to provide cleaner energy to our customers.
It was great to meet with investors and analysts, showcase the progress we are making and our ambition out to 2030. We demonstrated our differentiated offers, including several customer testimonials. We provided a detailed operating profit bridge outlining our vision to double profits between FY22 and FY30, while simultaneously halving our Scope 3 emissions over the same time period.
Some of the market feedback we received:
- “DCC’s Energy CMD yesterday was remarkably good” and “may start the process of changing the narrative for DCC”.
- The event “showed a culture that has embraced the energy transition as an opportunity”.
- “We came away with the view that the opportunities for DCC far outweigh the risks”.
- “The day gave good granular detail of how the broader strategic goals can be achieved”.
- “Investors now have quantifiable building blocks against which to measure progress over the coming years”.
- “Overall, a very useful day, which on the whole reassured. I was slightly less clear on how EMS builds significant recurring revenues”.
- “If management can pull strategy off then there is clear value”.
- “I have more reassurance that the Energy business is well positioned to navigate the energy transition and sustain its growth”.