ESB Announces Annual Results for 2015
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PRIZES AT THE RHA 186TH ANNUAL EXHIBITION THE NEWSPAPER FOR ESB PAGE 19 Apr/May 2016 esb.ie/em News Innovation Generation & BSC & Electric ESB Networks Ltd Wholesale Markets Ireland PAGE 02 PAGE 11 PAGE 14 PAGE 18 PAGE 23 tomers. Meanwhile the average Electric Ireland dual fuel cus Top stories in brief tomer (ie a customer with both Health Safety and Wellbeing electricity and gas) has seen sav Community gather ings of over €90 per annum since Friday 11th March was a November 2014. historical day for the Health Safety and Wellbeing community in ESB as it was the What does this mean for ESB? first time ever that staff working While 2015 has been challeng in these areas met from across ing in terms of intensifying com all of ESB group. Over 160 staff petition in the generation and from all business units as well as supply markets, it has been a staff from Corby, Coolkeeragh solid year in terms of our perfor and NIE were present. mance. Group Finance Director ESB’s connection to 1916 Donal Flynn explained profita The centenary of the 1916 Rising bility is important to pay the in has generated a lot of media terest on our borrowings (€215m coverage recently but did you in 2015), pay tax (€21m in 2015) know that a number of buildings and dividends (€273m in 2015), which ESB acquired or have leased repay our borrowings as they fall on a temporary basis following its due and reinvest very significant establishment in 1927 have a link Families and children all across Ireland actively participated in the launch of ESB Tree Week recently. See more on page 9... amounts (€873 million in 2015) to the historic events of Easter in critical infrastructure for the Week 1916. See page 10 for benefit of our customers, the more details. Irish economy and our company. “This is why it is really impor Image Magazine photoshoot tant that we deliver our business takes place plans and generate target profits, Dublin Bay Power recently ESB announces provided the backdrop for a as it enables ESB to maintain its financial strength for the good of photoshoot for Image Magazine to showcase a new range of the company, our customers, our clothing. The photographer shareholders, and for the Irish (Eilish McCormack) advised economy”. Annual Results that she was looking for Chief Executive Pat O’Doherty an ‘industrial background’ thanked staff for their contribu with ‘different textures’ for tion to this year’s performance. the shoot, particularly with for 2015 “We’ve delivered a solid perfor ‘concrete and metal’. mance which puts us in a good ENERGYESB ANNOUNCED ITS Annual sets, including €629m in criti position to continue to invest in ESB Feis Ceoil celebrates Results for 2015 on 14 March. cal networks infrastructure the critical capital infrastruc 120 years Results highlights include: and €176m in generation. ture and innovative businesses The annual ESB Feis Ceoil FOR ENERGY • Profit, after deducting inter • Debt or Borrowings at €5.0 we need for the future. We need Festival took place in Dublin’s ESB ANNUAL REPORT AND FINANCIAL STATEMENTS 2015 Since ESB was established in 1927, it has been RDS from March 6th until March LIFEproviding energy for those life moments, big and est on borrowings and tax of billion (up €300m on 2014) to be prepared for the chal small, profound and every day, where electricity influences peoples’ lives for the better. This is achieved not only through the provision of FOR critical energy infrastructure, but also through 18th. This year marked the 120th ESB’s contribution€286m, to the economy in the form of is €71m up on 2014. represents 55% of the capital lenges of climate change, new investment, taxes, dividends and jobs. In addition ESB is committed to playing a full role in society by acting responsibly in how it conducts its anniversary of the competition business, working towards a low-carbon future Profits benefited from the base of ESB, an increase from technologies and changing cus and supporting the communities in which it works. LIFEAnnual Report and Financial Statements 2015 which celebrates emerging Irish esb.ie improved availability of our 53% in 2014. This is similar to tomer expectations and I want generation plant from 86% to having a mortgage that is 55% to acknowledge all your efforts musical talent. n 92%. of the value of the property. in that regard”. Appetite for ESB was established in 1927 as a corporate ABOUT• ESB:The profits represent a 6.5% In relation to customers, the body in the Republic of Ireland under the Electricity (Supply) Act 1927. With a holding of 95%, ESB is majority owned by the Apprenticeships % is held by the Trustee of an Irish Government. The remaining 5 Employee Share Ownership Plan (ESOP). As a Strong, Diversified, Vertically Integrated Utility, ESB operates right across the The 2015 Annual Report, and associated electricity market:return from generation, through transmission on and the capital invested accounts record that ESB Net distribution to supply of customers. In addition, we extract further ESB Networks has announced value at certain points along this chain; supplying gas, using our networks to carry fibre for telecommunications and more. ESB is a leading Irish utility with a regulated asset base (RAB) of approximatelyin €9 billion, 49%ESB. of generation in the all-island This is about average works responded to over 7,000 YouTube videos are accessible on our market and supplier of electricity to approximately 1.5 million its plans to take in over 300 customers throughout the island of Ireland. ESB will continue to grow the scale of its generation, trading and supply businesses so that it can compete within the all-islands competitive environment. ESB is focused on providing excellent customer Investor Relations webpages: https:// service and maintainingcompared its financial strength. As at 31 December with the rest of the faults during the severe storms apprentices between 2015 and 2015, ESB Group employed approximately 7,300 people. This report is printed on FSC certified paper www.esb.ie/who-we-are/investor-rela industry across Europe.31/03/2016 11:08 in December 2015, restoring 2020. • Invested €873m in ESB’s as electricity to over 350,000 cus tions/ 0790-7508 Issn no. 01-10_EM_News_Apr-May16 new.indd 1 08/04/2016 14:07 2 NEWS Apr/May 2016 • esb.ie/em Departed friends Name Location Date FISHING FUN From the Archives Michael McEnri Dublin NW 01/27/16 THE ESB ANGLING Club had Walter F Dack Tranmission 02/01/16 their first outing of 2016 at the end Daniel Delaney Portlaoise 02/02/16 of February to Courtlough fishery Mary McLoughlin Arigna 02/04/16 in North County Dublin. This was Declan O’Loughlin Poolbeg 02/07/16 one of the scheduled coaching out BERNIE Isabel Davenport Design & Construction 02/07/16 ings that the club runs each year HEALY John O’Shea Killarney 02/11/16 to get novices started and hone Angela Shannon Sligo 02/12/16 the skills of the more experienced members. Editor’s desk Patrick Walsh Portlaoise 02/13/16 Professional angling coach, Gar Michael Quinn Inchicore 02/14/16 Hello and Welcome to the April/ rett Ruigrok of Courtlough fishery, Margaret Kavanagh Transport Dept. 02/17/16 May edition of EM. provided group and individual Ann Scally Lanesboro 02/17/16 It’s been a busy couple of months coaching throughout the day and with lots of exciting things Breda Wilkins Marina 02/19/16 showed great hospitality to the happening. ESB Tree Week was a Thomas Clune Moneypoint 02/24/16 club. It was a difficult day's fish Actor Frank Kelly sadly passed away recently. While remembered for his part as the lovable Fr. Jack great success and it was wonderful John O’Connor Limerick 02/27/16 ing, with low temperatures keep in the hugely popular Father Ted series, Frank was a man of many parts over the decades taking on to see so many staff taking part in Denis O’Mahony Tralee 02/29/16 ing the fish very deep in the water; various roles in many high profile films and plays. Frank is pictured above at the ESB stand at the National Ploughing Championships a number of years ago. May he rest in peace. Photo courtesy of various events, many of which you Mary O’Keeffe Dublin North West 03/06/16 however, most anglers caught fish Kevin Byrne. organised yourself at short notice. Rosanna Mahon Dublin City 03/08/16 and all connected with fish. It was Whether you planted your sapling Nancy Mernagh Waterford 03/09/16 great to see so many bends in rods, in your garden, a community space, Pat Maleady Leopardstown 03/11/16 especially held by anglers com a school or a local care or hospice Mildred Askin Dublin City 03/13/16 pletely new to fly fishing! facility, you will have contributed The club runs outings monthly SPORTSCO SUMMER in no small way to the success of throughout the year. If you’re in this initiative. We certainly learned terested in joining, please contact CAMP 2016 more about trees in the past couple Peter O’Hagan, by phone or email. A Multi-Activity Camp of fun & fitness for ages 4-12 of weeks than we expected! Sportsco Our next outings are two carp out Our Energy for Generations fund ings in April. n has also been very active in this Draw results period with a number of cheque handovers in recent months in JANUARY 2016 WINNERS the greater Limerick, Dublin and €2,500 Eamonn O’Connell, retired North West areas with more to €1,000 Diarmuid Doyle, Corporate ADVANCE 99 members come.