FACILITIES BY ADF PLC (ADF) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the Facilities BY ADF PLC Interim Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged, they can be submitted at any time using 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 received during the meeting itself. However, the company can review your questions submitted today and publish responses what is appropriate to do so. Before we begin, I would like to submit the following poll. And I would now like to hand you over to Executive Chairman, Russell Down. Good afternoon to you. Good afternoon, and thank you, everyone, for joining us on this call today. What I'd like to do is to talk you through, our results. I'll talk through the sort of first half of the presentation around what we do as a business and the strategy, and then I'll hand over to Neil, our CFO, to talk through, the detail of the numbers. So if I just start with the highlights of the last six months. So revenue increased up to $17,400,000 in the first half this year, which is an increase of 14% compared to where we were this time last year. That is mainly due to the acquisition of AutoTrac that we completed in September last year, and that contributed $3,400,000 to our revenue number in the first half of the year. So underlying revenue fell by 8% in the two core businesses, largely due to market conditions in the first quarter. We did see an improvement in the second quarter, we'll talk more about that a little bit later. And as a consequence of that, we saw EBITDA decline slightly from 2,500,000 to 2,200,000, and that was mainly in the core ADF business where EBITDA f...