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Renew Holdings plc (RNWHF) Q2 2026 Earnings Call Transcript
SA Transcripts · 2026-05-16 · via All Articles on Seeking Alpha

Renew Holdings plc (RNWHF) Q2 2026 Earnings Call May 11, 2026 8:00 PM EDT

Company Participants

Paul Scott - CEO & Executive Director
Sean Wyndham-Quin - CFO, Company Secretary & Executive Director

Conference Call Participants

James Beard - Deutsche Bank AG, Research Division
Andrew Nussey - Peel Hunt LLP, Research Division
Joseph Walker - Panmure Liberum Limited, Research Division

Presentation

Paul Scott
CEO & Executive Director

So turning to our results highlights on Slide 1 of the deck. Despite a challenging economic backdrop and some sector-specific headwinds, which I'll pick up on, we're very pleased to be reporting another record set of results for Renew. They are a testament to our strategic progress and the more diverse exposure we have to our target markets. We're delighted to have further expanded our range of pureplay engineering services in both our water and relatively new transmission and distribution power markets and more on these shortly. From strong cash generation, our balance sheet is in good health, and we remain very active in terms of our M&A. Our order book remains well balanced and at record levels, yet conservatively and consistently reported and reflecting the confidence in our prospects. We've increased the interim dividend. It's up 4.9% to 7p.

On Slide 2, here, I'd provide a quick reminder. It's where we amplify the differentiated nature of our high-quality, low-risk business model at Renew. We remain focused on markets underpinned by highly visible and committed funding. Our services are mission-critical and inclusively in demand. Task sizes are small and execution time frames are short, which dramatically reduces our risk profile. Our directly employed colleagues are deployed in some very complex and demanding environments that present really high barriers to any new entrants. Our compounding growth and cash generation evidence the resilience in our model. And finally, we remain committed to adding value through innovation and collaboration. At the bottom