ASHTEAD TECHNOLOGY HOLDINGS PLC (AT.) — Investor Presentation

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the ASHTEAD Technology Holdings PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time by the q and a tab situated on the right hand corner of your screen. 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 can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. And I'd now like to hand you over to Alan Piri, CEO. Good morning, sir. Thank you, Lily, and good morning, everyone. Thank you for joining us. It's an exciting time for the business. We've traded strongly through 2023, and the market is creating a strong growth runway for us. In summary, if I get the slides moving correctly, we increased revenue by 51% last year across all geographic markets. We increased of the revenue, we increased it 35% organically and 17% through m and a. Pleasingly, we increased, renewables revenue by 50%, which now accounts for 31% of our total revenue. We also increased our oil and gas revenues by 52%. We increased cost utilization. We increased pricing, which drove gross margins, which increased to 78%. The business is positioned for growth. Last year, we invested 19,100,000 of CapEx in our fleet to expand its breadth and depth. We increased headcount organically by 25%, and we also added 203 positions through the acquisition of ACE to finish the year with 527 people. We fully integrated the acquisitions that we did in 2022, and we acquired ACE Winches in November 23. We continue to view m and a as a key growth driver, and our approach will...