Brambles Limited (BXB) Q2 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.537 -- 00:00:05.783 everyone and thank you for joining us for our 2024 half-year results presentation. 00:00:05.783 -- 00:00:10.728 Today I'll start by providing a summary of our performance in the half, our updated outlook 00:00:10.728 -- 00:00:16.194 statement and key updates from the Shaping Our Future transformation program. 00:00:16.194 -- 00:00:20.737 I'll then hand over to Joaquin to take you through our detailed financials. 00:00:21.320 -- 00:00:24.664 Turning now to the key highlights on slide three. 00:00:24.664 -- 00:00:29.269 Our first half performance was strong across all aspects of our business. 00:00:29.269 -- 00:00:31.749 Building on the momentum 00:00:34.102 -- 00:00:39.309 Putting on the momentum we generated in FY23, we progressed with our transformation program 00:00:39.309 -- 00:00:45.075 and our financial results delivered in every element of our investor value proposition. 00:00:45.478 -- 00:00:50.205 Changes in our operating environment, combined with benefits from our transformation, 00:00:50.205 -- 00:00:54.591 both of which I'll outline in more detail in my presentation, significantly increased 00:00:54.591 -- 00:00:59.057 pallet availability across our operations, supporting better customer service levels 00:00:59.057 -- 00:01:02.619 and material improvements in asset efficiency. 00:01:02.620 -- 00:01:07.488 I'm also very proud of the progress across all aspects of our sustainability programme 00:01:07.488 -- 00:01:12.032 and our ongoing recognition as a global leader in sustainability. 00:01:12.716 -- 00:01:17.684 Turning to financial performance, our sales revenue growth of 10% was primarily driven 00:01:17.684 -- 00:01:22.912 by price realisation through improved commercial terms that better aligned to our cost 00:01:22...