Auction Technology Group plc (ATG) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to ATG Half Year Results 2024. At this time, all participants are in listen-only mode. Later, we will conduct a question and answer session. If you wish to ask a question, we ask that you please use the raised hand function at the bottom of your Zoom screen. If you're dialed in by phone, please select the star nine to raise your hand and star six to unmute. Instructions will also follow at the time of the Q&A. I would like to remind all participants that this call is being recorded. Questions will follow after the presentation. I will now hand over to John Paul Savant, Chief Executive Officer, to start the presentation. Thank you. Thank you. Welcome and thank you for joining ATG's interim results. I'll kick it off and then turn it over to Tom to go through some details on the numbers, and then I'll end it looking at some of the key initiatives and the results we've been able to generate with those. Today we're sharing little news relative to the trading statement in terms of any changes or differences in the numbers. The exciting part of today I think is really giving context to what we achieved in the last six months that drove those numbers and the message and the momentum that we're creating as we enter the second half. One key message that I wanted to get across is that what we expected in the first half of fiscal year 24 happened, both the challenges and the positives. So on the challenging front, as we had said back in December, we knew that there was going to be some ongoing challenges, particularly in the INC group driven by Proxybit. And as the half unfolded, that was what dragged back our first half results, as we explained before, and which Tom will go through in a little bit more detail. But I think what we also...