Caledonia Investments plc (CLDN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and good morning everyone and welcome to Caledonia's results presentation for the six months to 30th September 2024. I'm Matt Masters, I'm Chief Executive of Caledonia Investments and it's my pleasure to present these results today and I'm joined by my colleagues Jamie Kezer-Colvin who runs our funds pool and Rob Memmott who is our CFO today to take you through these results. Now, we're going to try and balance taking you through what's quite a short period of time for us, the last six months, with reminding you about the strategy and the long-term returns of the business. So just going through the cautionary statement and just providing you with some building blocks just to provide some foundations, if you will, for our investment approach. Now our target is to deliver long-term NAV per share and dividend per share growth for our shareholders and our track record, which is the graph just at the top there, shows you that our approach of taking long-term investments in the equity of good quality companies has proven to be a good way of delivering this. A reminder that we are self-managed, or as I say, very self-managed by the in-house investment team who are focused on getting Caledonia better and better at executing against our long-term strategy. And we're very lucky in what I describe as our ecosystem to have the supportive shareholder that we have in the Kaiser family who originally set up the company. Now, our culture, purpose, and values are really well brought together and explained through the recently added tagline to our logo, which is time well invested. And it really helps explain our approach. Our aim is simply to invest in good companies that have the potential to generate excellent returns without taking undue risk. And we execute the strategy by ...