Animalcare Group plc (ANCR) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Hopefully you can see the presentation and hear Chris and myself. So let me know if not. I've got the attendee list open, so hopefully somebody will flag if there's any challenges. So welcome to the Animal Care 2024 interim results. Looking forward to sharing with you the progress that we've made in the first half of the year and we continue to make since the end of June. For anyone who's not very familiar with animal care, this is really just to articulate the strategy, the three pillars of our growth from left to right. Organic growth, that is our existing brands in the portfolio. That's new and existing. We always talk about new being products launched in the last three years. Inorganic growth, this is all the activity that we're doing to build our future products. and our new product development. And those three areas are really the fundamentals of our business. In terms of the underpins for our business, strategically, we absolutely have to have strong finances, and we've made a lot of progress there in the last five years. Our people, we are very focused on making sure that we have a highly capable team. We haven't got a lot of people, so we need to have the best team. and making sure that we continue to build capabilities and processes to exploit the opportunities that come our way. So in terms of highlights, the highlights for the first half, commercial delivery, you'll have seen from the notes and the results that we released today, that we continue to see progress in all three areas. In terms of organic growth, We're particularly pleased to see that both Plactive and Daxacox have been doing well. In fact, in our markets where we sell and promote Daxacox ourselves, it's up a little bit higher than that. Overall, it's 41% and Plactive. And as th...