Johnson Matthey Plc (JMAT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Right. Are we working? Yeah. Good morning, everyone. I'm Martin Dunwoody, Director of Investor Relations here at Johnson & Mathey. Thank you, everyone, for coming along today and for those of you who have tuned in on the webcast. A little bit of admin before we start. If you have mobile devices, please could you turn them off or turn them to silent? We're going to follow the usual format today, so we'll have presentation, followed by Q&A. And we'll take the Q&A first from the room, then the webcast. And I'd say very pleased to welcome today Liam Condon, our CEO, and Stephen Oxley, our CFO. I'll point to our cautionary statement as usual. And with that, I'll hand over to Liam for the presentation. So thanks a lot, Martin, and a warm welcome to everybody here at the London Stock Exchange. And of course, very warm welcome to everybody who's joining us online today. As Martin said, I will give a brief introduction, say a little bit about what's happening in our markets and what's happening at JM in the past six months. Stephen's going to talk you through the financials. I'll give you an update on our strategic progress, and then we'll have most of the time available for Q&A, which we are very much looking forward to. So if we get straight into it, what you've seen from our results that we published this morning, was, we believe, a pretty resilient performance in the first half. And it was actually very much in line with our expectations. To tell you the truth, this is the first time since I've been at Johnson Matthey that we were slightly ahead of our internal budget. So just by way of framing, this was very much in line with our internal expectations. Really important point, we have maintained our full year outlook, which implies a strong second half. And I'm going to, ...