Babcock International Group PLC (BAB) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Right, so good morning everybody and welcome to the Babcock Marine Investor Event at Recife Royal Dockyard near Edinburgh in Scotland. My name is Andrew Gollan, Director of Investor Relations. Firstly, a thank you to those who have made the journey here to Scotland. I know that some of you have come a long way. Also, to those on the webcast, a warm welcome to those. So just a few introductory words from me. Today's event is the next in a series of investor teach-ins around the Babcock Group, and they're designed to demonstrate our specialist capabilities, the growth drivers of our business, and the strategies to create shareholder value. Earlier this year, we shone a light on the exciting growth story of our Cavendish civil nuclear business. Today, it's all about Naval Marine. specifically our naval build and support capabilities, which together currently generate just under one billion of revenue, or around 20% of the Group. I know that some of you will have attended our Group Capital Markets Day in early 2024, which we hosted at our Devonport Royal Dockyard facility in the South West of England. There you learned that Devonport is a national critical asset, an asset that we own and where we provide unique technical support to the entirety of the UK's nuclear submarine fleet. Not to steal anyone's thunder today, but Recife Royal Dockyard here in Scotland is another of the group's highly valuable and strategic assets. It's an asset that underpins our marine business, and as you will hear today, has exciting growth potential over the medium and long term. This morning you will hear from another strong leadership team within Babcock with today's event led by CEO of our marine sector, Sir Nick Hine. For those in attendance, there will be a lot to see around the yard wit...