H1 2022 Key Highlights
- 134.2p Net Asset Value (NAV) per share1, increased by 12.5% since 31 Dec 2021 (119.3p)
- £3,236m Directors' portfolio valuation2, up 18.7% since 31 Dec 2021 (£2,726m)
- 6.84p dividend target reaffirmed for the year to December 2022 (2021: 6.76p)
- 1.39x dividend cover3 for the six months to 30 June 2022 (H1 2021: 1.28x)
- £442m invested year to date (H1 2021: 341m)
- 17.9p earnings per share (H1 2021: 1.8p)
Sustainability Key Highlights
- 960,000 tonnes of CO2 avoided4
- Portfolio capable of powering 1.7m homes with clean energy5
- Supporting 36 community funds with £1.2m budgeted for community contributions in 2021
- 0.52 reportable lost time accidents per 100,000 hours worked6
Helen Mahy, CBE, Chairman of the Company, said:
"In what will be my last set of results as Chairman, I am pleased to present a strong set of results for the first half of 2022.
I am proud of what TRIG has achieved in the nine years since IPO, and we continue to provide investors with resilient financial performance and access to a portfolio of renewables that contributes to decarbonisation and towards energy security in Europe."
Richard Crawford, of InfraRed Capital Partners said:
"Amidst a challenging wider market for investors, TRIG's portfolio continues to perform well and is benefitting from its defensive positioning against elevated levels of inflation and volatile commodity markets.
We have invested £442m in renewables year-to-date, with two thirds of this invested in the UK. Our construction projects continue to progress well, with the 35MW Blary Hill project being funded entirely from re-investment cash flows.
And later;
Dividends;
On 1 August 2022, the Company declared an interim dividend of 1.71 pence per share for the three-month period ended 30 June 2022. The dividend, which is payable on 30 September 2022, is expected to total £42,425,155, based on a record date of 11 August 2022 and the number of shares in issue being 2,481,003,209.
https://www.investegate.co.uk/renew-inf ... 00060136V/
Also posted on Company News here; viewtopic.php?p=519975#p519975
Ian.