Ashtead Group plc (AHT) Q1 2027 Earnings Call

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Replay transcript excerpt

[Speaker identities could not be resolved; generic labels used] [00:00] Speaker 1: Good morning, everyone, and welcome to the H1 2026 [00:03] Speaker 1: results presentation. I'm Alan Puri, I'm the CEO, and I'm joined this morning by Ingrid Stewart, our CFO. [00:08] Speaker 1: I'll start with a results overview and some highlights. I'll then pass to Ingrid, [00:12] Speaker 1: who will provide a more detailed review of the financials, after which I'll talk about the market and operational [00:19] Speaker 1: review. [00:20] Speaker 1: Following the presentation, we'll open the floor to Q&A. [00:24] Speaker 1: So we could just go to the 1st slide. [00:26] Speaker 1: During H1, the group delivered revenue growth despite short-term headwinds, [00:30] Speaker 1: impacting trading while long-term opportunity remained strong. [00:34] Speaker 1: In a challenging market, compared to the prior year, revenue increased by 1.1% [00:38] Speaker 1: to $100.2 [00:40] Speaker 1: million, being a 1.7% [00:42] Speaker 1: increase on a constant currency basis. [00:45] Speaker 1: Revenue generated from renewables decreased by 2%, [00:48] Speaker 1: reflecting globally softer market conditions. [00:52] Speaker 1: Adjusted EBITDA margin at 25% [00:54] Speaker 1: reflects revenue mix. [00:56] Speaker 1: Net debt reduced by 15 million in the period, with leverage reducing to 1.4 times, which is the lower 0.5 of our targeted range of 1 to 2 times. [01:06] Speaker 1: These financial results [01:08] Speaker 1: demonstrate the strengths of our differentiated global services model and our scaled diversified footprint. [01:14] Speaker 1: We continue to make strategic [01:16] Speaker 1: progress through the 1st 0.5. We're building an increasingly sophisticated and diversified business [01:23] Speake...