IFRS presentation to analysts and investors - About United Utilities

Agenda• Headlines• Background to IFRSSimon Batey,Group FinanceDirector• United Utilities’ basis of preparation• Major IFRS adjustments• Impact assessment• Earnings• Distributable reserves• Key ratios and financials• Commercial impact• SummaryMartin Beesley,Finance DirectorUnited UtilitiesNorth WestSimon Batey,Group FinanceDirector• Q&A4In a moment I’ll take you through the headlines and provide a brief backgroundto IFRS and the timetable implications for United Utilities.Martin will then talk about our basis of preparation, the major IFRS adjustmentsthat represent significant differences from UK GAAP, and their impact on ouraccounts.After Martin has finished, I’ll then focus on the effects on earnings, distributablereserves and key financials, and I’ll outline the commercial position and round upwith a summary of the key points.At the end we’ll be pleased to answer your questions.