ASHTEAD TECHNOLOGY HOLDINGS PLC (AT.) — H1 results

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen. Welcome to the ASHTEAD TECHNOLOGY HOLDINGS PLC Half Year Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged. They can be submitted at any time via the q and a tab that's just situated in the right hand corner of your screen. Please just simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company will review all questions submitted today and publish responses where it's appropriate to do so, and these will be available via your investor meet company dashboard. Before we begin, I would like to submit the following poll. And if you could give that your kind attention, I'm sure the company would be most grateful. And I would now like to hand you over to CEO, Alan Piri. Good afternoon, sir. Thanks, and good afternoon, for joining us. My name is Alan Piri. I'm the CEO here at ASHTEAD TECHNOLOGY, I'm joined this afternoon by Ingrid Stewart, our CFO. So our plan is just to run through the slide deck here, and then we'll we'll open up to q and a. It's a really exciting time to be involved in the business. We're trading strongly. We've got great opportunity to capitalize on the long term growth drivers. In the first half of the year, we've grown revenue by 57%, 41% of that was for from organic growth, 14% from the acquisitions that we did at the back end of last year, and we got about 3% from favorable FX. Across the two end markets that we service, we increased revenue from offshore renewables by 74%, and we increased revenue from oil and gas by 50%. We increased cost utilization by 1%. We increased pricing by 22%, which drove a 5.4% increase in gross...