Humm Group Limited (HUM) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to HUM Group's full year 24 results conference call. At this time, all participants are on the listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To redraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speakers, Stuart Grimshaw, Chief Executive Officer. Please go ahead. Thank you. Good morning and thank you for joining us today as we release the financial 2024 results for Hummer Group Limited. My name is Stuart Grimshaw and I'm the Chief Executive Officer of Hummer Group. Also joining me today is Adrian Fisk, our Chief Financial Officer, and David Grevler, our Head of Investor Relations. On slide three, you'll see the agenda for today, and Adrian and I will walk you through the slides. We'll start by turning to slide, to page five, where the highlights for the year are presented. The year was characterized by the comparative performance of the financial half years. The half year and half year comparison demonstrates the efforts of management in improving the performance of the company. The success of these actions is shown in the four columns. Firstly, we delivered an 18% increase in receivables to $5 billion, a record level for the group. Secondly, in the second half of the financial year, cost savings of $13.6 million were achieved when compared to the first half. Thirdly, net interest margins stabilised in the second half to 5.5%. This was achieved after several periods of rapid interest rate increases and...