CHESTERFIELD SPECIAL CYLINDERS HOLDINGS PLC (CSC) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the CHESTERFIELD SPECIAL CYLINDERS HOLDINGS PLC investor presentation. Throughout today's recorded presentation, attendees will be in listen only mode. Questions are encouraged and can be submitted via the q and a tab situated on the right hand side of your screen. Before we begin, I'd just like to submit the following poll, which I kindly ask you to submit your responses to. I'd now like to hand over to CEO, Chris Walters. Chris, good morning. Thank you, Jack, and good morning, everyone. Welcome to the online presentation of our 2026 interim results for the six months to the March 28, including an update on the strategic progress we're making in key markets and the outlook for the business. I'm Chris Walters, Chief Executive, and I'm joined by colleagues Sally Millan, Director of Finance and Chris Webster, Chief Operating Officer. Before we begin, I'm required to refer you to our updated disclaimer and note that the presentation includes forward looking statements based on current expectations that are subject to risks and uncertainties. I'm pleased to present our highlights for the first half of twenty twenty six, where trading was broadly in line with our expectations and reflected the phasing of Defense newbuild contract milestones weighted heavily towards the second half. We continue to make good strategic progress in the defense market, and our order book was strengthened by Key's overseas submarine newbuild contract awards in the first half and early in the second half. We also made good progress with our qualification to supply the US Navy's extensive submarine newbuild program. Following record full year performance in FY 'twenty five, some UK naval integrity management deployments originally expected within this year have been p...