GRAINGER PLC (GRI) — Half year financial results for the six months ended 31 March 2025

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the GRAINGER PLC Half Year Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged. They can be submitted at any time via the q and a tab It's just situated on the right hand corner of your screen. Please just simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and we'll publish those responses where it's appropriate to do so on the Investor Meet company platform. And before we begin, we would just like to submit the following poll. And if you could give that your kind attention, I'm sure the company would be most grateful. And I would now like to hand you over to the executive management team from GRAINGER PLC. Helen, good afternoon. Good afternoon, and thank you all for joining us this afternoon. I'm joined by Rob Hudson, our CFO and Kurt Muller, our Head of Corporate Affairs. I'm very conscious that some of you know GRAINGER very well. Some of you will know us from the past and some of you won't know us at all. So I'm just going to start with a very short introduction to the business. We are The UK's largest listed residential landlord. We've been around for one hundred and thirteen years. But in 2016, we changed our strategy to focus on purpose built, built to rent. And we now have a significant portfolio of over 11,000 homes. But importantly, we've got a pipeline of 5,000 homes. And that means that we're going through a period of significant earnings growth. Before I start talking about the results for our half year, which we presented last week, just wanted to take a moment to l...