Ceres Power Hldgs Plc (CPWHF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the CERES 2024 full year results meeting. In a moment, Phil Caldwell, CEO, and Stuart Painter, CFO, will take you through the results. Just a reminder, there will be a Q&A session afterwards. So if you're in the room, please wait for a microphone to reach you before asking your question. And if you're participating online, please type your question into the box provided. And we'll address those two at the end. With that, I'll hand over to Phil to talk you through our record year. Good morning everybody and thank you for joining us this morning. I was just thinking on my way in, this is probably my eleventh or twelfth year of doing the full year results for Serres and it's an interesting time to be doing it because what we're reporting today is a record year for Serres in almost every metric. The business has never been in a stronger position than it is now despite quite a few economic uncertainties and headwinds and I think we can dive into that this morning into why I think the business is in really good shape now and for the future. Many of you know the business, but just a quick reminder, we are world leaders in solid oxide technology for both power and hydrogen generation. And I think that's fundamental. We have unique IP, because what we do is difficult, unique, and valuable to many nations looking to decarbonize, many companies looking at how they reinforce power grids right now. And it's protected by over 150 patent families. Because it's unique, difficult, and well protected, we can apply a licensing business model that is able to go cross borders at a time where we have tariffs and trade wars going on around us, where we're seeing more localization of production, where we're seeing more shortening of supply ...