Caledonia Investments plc (CLDN) Q2 2024 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.220 Okay, well, welcome everybody, both online and in the room, to 00:00:05.220 -- 00:00:08.342 our half-year results presentation. 00:00:08.486 -- 00:00:12.814 I'm Matthew Masters, Chief Executive of Caledonia, and 00:00:12.814 -- 00:00:18.804 we'll be joined during this presentation by Tom Leder, who runs our private capital portfolio, 00:00:18.804 -- 00:00:22.981 and then by Rob Memmott, who's just joined us as Finance Director. 00:00:22.981 -- 00:00:26.429 And what we're going to do is take you a little bit through the strategy. 00:00:26.429 -- 00:00:27.872 I'll 00:00:27.872 -- 00:00:31.480 give some highlights on the half year and then we'll go through the portfolio. 00:00:31.480 -- 00:00:36.591 There's been some activity in the private capital portfolio, hence Tom joining us. 00:00:36.591 -- 00:00:39.518 And then Rob will take us through the finance section. 00:00:39.518 -- 00:00:44.604 So moving through the cautionary statement and onto an overview and just 00:00:44.604 -- 00:00:48.949 a reminder of Caledonia, which we are a self-managed 00:00:48.949 -- 00:00:54.416 investment trust. And I'll come on to explain why that's special a bit later on. 00:00:54.416 -- 00:00:58.801 And our net assets are 2.9 billion pounds. 00:00:58.801 -- 00:01:03.907 And we're focused on delivering our shareholders real returns over the longer 00:01:03.907 -- 00:01:05.389 term. 00:01:05.389 -- 00:01:11.191 And you can see on the chart, that we compare ourselves really against inflation. 00:01:11.191 -- 00:01:16.217 So we're aiming to beat consumer price, CPIH, inflation over the 00:01:16.217 -- 00:01:20.202 medium and longer term. And then there's a reference point over 10-year periods we're 00:01:20.202 -- 00:01:23.646 looking to outperform against t...