Coventry Group Ltd (CYG) Q2 2022 Earnings Call

Investor webinar replay

Replay transcript excerpt

I think we'll at least just wait a couple more minutes. We're getting a good turnout already and then we'll just fire into it. I think we'll keep it pretty relaxed, guys, but maybe if you would like to refer to the presentation and take us through it at your own pace and then we can open up for questions. That might be the best way of going about it, I think. Yeah, Sam, what I'll do, I'll just sort of talk a bit and lead to the presentation. I might go through slide by slide because I just find that gets a little bit monotonous for everyone. They've all read it. So just what I'll try and do is pull out some of the key highlights and just give a bit of a sense as to what we see is coming in the next 6, 12, 24 months. Yeah, good idea. Sounds good. Let me know when you want me to kick off. Yeah, I think whenever you're ready, go for it and we'll let people just come in as they wish. Okay, fantastic. Thanks. Alright, we'll Overall, we were pretty pleased with the half year results. We generated sales growth and profit growth despite the fact that we had a number of things happen to us during the half that were out of our control, if you like. The largest of those events and the most important one to call out was the New Zealand government lockdown. Now, that meant that the whole of New Zealand was shut down for a period of time and then apart, mainly Auckland and some of the areas around Auckland, shut down for a longer period of time. So that cost us in the vicinity of $3 million of sales and about $3.25 million of profit, which was just unavoidable. Unlike last time when the whole country just shut and opened, it all sort of went back to normal day one. This time it took a bit longer because... with parts open, parts not open, freight and other things got out of kilter...