ESSENSYS PLC (ESYS) — Half Year Results

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the ESSENSYS PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be dismissed at any time by the Q and A tab situated in the right hand corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company can review all the questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Mark Furness, CEO. Good morning, sir. Good morning, Alessandro. Thank you, everyone, and welcome to today's half year results presentation for the period up to January 2024. Alongside it alongside me, I have Sarah Harvey, our chief financial officer. Okay. So let's dive into h twin h one twenty four. The story of that period for us is really about our our pathway to profitability, and we've made significant progress, as we've improved our operating losses and our adjusted EBITDA loss, which has narrowed from naught 500,000 in the previous period to 4,200,000 in in sorry. The other way around, 4,200,000 to naught 500,000 in this period. That's really driven by a focus on simplification, operational improvements, and a real determined focus on improving our cash generation in the near term. Underpinning, our our progress in the period is really the two major contract expansions we've signed, both with global real estate, brands. We'll talk a little bit about those further, in in the presentation, but the headlines being a mini a minimum of 1,500,000 of committed ARR, which we expect to be delivered by September 2025. Notwithstanding that, we've see...