Bellway p.l.c. (BWY) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.096 Good morning and welcome to Belway's full year results. 00:00:06.579 -- 00:00:11.604 Keith and I are joined by Simon Scougal, who you may recall 00:00:11.604 -- 00:00:17.331 joined the board back in August as Chief Commercial Officer. 00:00:17.331 -- 00:00:22.737 Simon is going to provide an update on the land and planning environment 00:00:22.737 -- 00:00:27.620 and also set out our plans for a new timber frame facility. 00:00:28.280 -- 00:00:33.425 Keith, as you know, will be leaving early in the new year, so this will be 00:00:33.425 -- 00:00:36.686 his final presentation. 00:00:37.668 -- 00:00:44.014 Keith is a difficult act to replace, having spent almost 13 00:00:44.014 -- 00:00:47.877 years on the board, but he's also a very good act to follow. 00:00:47.877 -- 00:00:53.122 And as you would expect from him, he's leaving with an experienced finance team 00:00:53.122 -- 00:00:54.864 in place 00:00:54.864 -- 00:00:59.046 and with the balance sheet in good order. 00:00:59.583 -- 00:01:04.609 Simon joining the board offers me continuity and 00:01:04.609 -- 00:01:09.675 with a strong leadership team already in place, some of whom are 00:01:09.675 -- 00:01:14.881 here today. We've got two regional RCs, Stuart Gray and 00:01:14.881 -- 00:01:19.887 Ian Goulds just sitting up the back there, Gavin Jago, who you're familiar with, 00:01:19.887 -- 00:01:23.689 our Group FC, Phil Hope, 00:01:23.772 -- 00:01:29.165 and of course, our chair and industry veteran, John Tuck. 00:01:29.165 -- 00:01:34.891 And I also look forward to welcoming our new CFO, Shane Docherty, to the board 00:01:34.891 -- 00:01:40.437 on the 2nd of December. Now, today's presentation, 00:01:40.437 -- 00:01:42.839 in addition to our results, 00:01:42.839 -- 00:01:49.504...