Investor Centre
Thames Water is the UK’s largest water and wastewater services provider. We serve 16 million customers across London and the surrounding counties. Our investor centre includes all our latest figures and financial information.
Latest figures
As at 31 March 2024.
Underlying revenue
£2,401m
Underlying EBITDA
£1,208m
RCV
£19,947m
Capex
£2,084m
Gearing
80.6%
Liquidity
£2,456m
Latest information
View our results, debt information, company announcements and business plans.
Results and presentations
Debt information
Company announcements
Environment, social and governance
PR24 business plan
Liquidity extension update
Investor relations contact information
You can email the team at debt.investorrelations@thameswater.co.uk
Sarah Davies
Head of Investor Relations
Alison Stevens
Group Treasurer
Fred Maroudas
Director of Corporate Finance
Disclaimer
This page sets out important legal and regulatory information about all documents and materials contained on, displayed on or accessible via this investors page on the Thames Water website (the “materials”). This page is designed to prevent unsuitable categories of investors from accessing materials contained on this website. Please read this page carefully before proceeding any further as you will be asked to accept these terms and conditions before proceeding. In accessing the materials, you agree to be bound by the following terms and conditions, including any modifications to them from time to time, each time you receive any information from us as a result of such access. You acknowledge that this electronic transmission and the delivery of the materials is confidential and intended only for you and you agree you will not forward, reproduce or publish any material to any other person.
Please read this notice carefully. Please note that the disclaimer set out below may be altered or updated. You should read it in full each time you visit the site.
These materials are not directed at or accessible by persons located in the United States. The information displayed on or accessible via this website is not for publication or distribution, directly or indirectly, in or into the United States.
The materials displayed on or accessible via this website do not comprise a prospectus approved in accordance with the Prospectus Rules made under Part VI of the Financial Services and Markets Act 2000 of the United Kingdom (the "Prospectus Rules").
The materials are an advertisement for the purposes of the Prospectus Rules and no person should subscribe for any securities referred to herein except on the basis of information to be contained in the [relevant] final Prospectus, together with any supplements (if applicable) , which will be obtainable from the Company Secretary at Clearwater Court, Vastern Road, Reading, Berkshire, RG1 8DB, or downloadable from this website.
The materials do not constitute an offer to sell, or the solicitation of an offer to subscribe for or buy, any of the securities referred to herein, in the United States or any other jurisdiction.
The materials are directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments, thereby falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) persons falling within Article 49(2) (a) to (d) of the Order (high net worth companies, unincorporated associations etc.) or (iv) other persons to whom it may lawfully be communicated (the persons in (ii), (iii) and (iv) together being referred to as "relevant persons").
Any investment activity to which these materials relate will only be available to and will only be engaged in with relevant persons.
Any person who is not a relevant person should not act on these materials or any of their contents.
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act"). The securities referred to herein have not been and will not be approved or disapproved by the U.S. Securities and Exchange Commission, any state securities commission in the United States or any other United States regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of an investment in such securities or the accuracy of these materials. Any representation to the contrary is a criminal offence in the United States. Accordingly, subject to certain exceptions, the securities referred to herein may not be offered or sold within the United States or to or for the account or benefit of US persons (as defined in Regulation S under the Securities Act).
There will be no public offer of the securities in the United States.
The materials may contain projections and statements about future events and expectations that are forward looking statements in relation to Thames Water and its business. These forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words “believe,” “expect,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “will,” “may,” “should” and similar expressions identify forward-looking statements. Forward-looking statements include statements regarding: strategies, outlook and growth prospects; future plans and potential for future growth; liquidity, capital resources and capital expenditures; growth in demand for products; economic outlook and industry trends; developments of markets; the impact of regulatory initiatives; and the strength of competitors.
Any such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Thames Water’s performance to be materially different from any future performance expressed or implied by such forward-looking statements.
Any such forward-looking statements will be based on numerous assumptions regarding Thames Water’s present and future business strategies and the environment in which Thames Water will operate in the future, as well as on assumptions of future events which may not prove to be accurate. Many such assumptions are based, in turn, upon further assumptions, including, without limitation, management's examination of historical operating trends, data contained in Thames Water’s records and other data available from third parties.
These assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, and Thames Water may not achieve or accomplish these expectations, beliefs or projections. Therefore, you should not place undue reliance on any such forward-looking statements in these materials, which speak only as at the date of these materials, and Thames Water assumes no obligation to supplement, amend, update, revise or provide any additional information in relation to such forward-looking statements.
In particular, statements contained in these materials regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future and there can be no assurance that future results will not be materially different from those described herein.
Any estimated projections or returns contained in these materials should be viewed as hypothetical and do not represent the actual results that may be achieved by an investor. Investors are advised to make their own independent analysis and determination with respect to the forecasted periods.
It should be noted that the company's auditors have not reviewed the information in these materials.
The materials are made available to you on the basis that you are a person into whose possession this document may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located. By viewing these materials, you shall be deemed to have confirmed and represented to us that (a) you have understood and agree to the terms set out herein, (b) you consent to delivery of this document, including by electronic transmission and (c) that you are a person into whose possession this document may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located.
If the materials have been sent to you or are being viewed by you in an electronic form, you are reminded that documents transmitted via this medium may be altered or changed during the process of electronic transmission and consequently neither Thames Water nor any person who controls them or any director, officer, employee or agent of Thames Water or affiliate of any such person accepts any liability or responsibility whatsoever in respect of any difference between the document distributed to you in electronic format or downloadable from this website.
No representation or warranty, express or implied, is made or given, and no responsibility is accepted, by or on behalf of Thames Water or any of its shareholders, affiliates, directors, officers or employees or any other person as to the accuracy, adequacy, usefulness, completeness or fairness of the information or opinions contained in these materials or as to the reasonableness of any assumptions on which any of the information herein is based. Thames Water shall have no liability to any party for the quality, accuracy, timeliness, continued availability, or completeness of any information contained on this website.
Thames Water does not accept any liability whatsoever for any direct, indirect or consequential losses to any person in relation to the distribution, or possession or reliance on these materials and its contents in contract, tort or otherwise.
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