CARCLO PLC (CAR) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the CARCLO PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time via the q and a tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. And I'll now like to hand you over to chair, Joe Oatley. Good morning, sir. Good morning, everybody, and welcome to our half year results for the six months ended September 30. Just by way of introductions, I'm Joe Oatley, the company chair. To my right, nearest me is Frank Dorebosch, CEO, and to his right is Eric Hutchinson, the CFO. Just a a brief introduction from me. I think my perspective is a remarkable set of results, remarkable in the sense that there's nothing truly remarkable in them. They are they are in line with what we expected. You'll see as both Frank and Eric take you through the presentation, we are delivering on the plan that we set out. There's still plenty to do, but we are on track or in some respects slightly ahead of track. You can see the margins improving as a result. You can see that we're maintaining our capital discipline, both working capital and CapEx, and that means you can see that driving up return on capital employed. So I think the message for me is very much we set out a very clear strategy and a very clear plan for the turnaround. Still work to be done on it, but we're absolutely delivering against it, and progress has been very, very good. I'd lik...