Jtc Plc (JTCPF) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the JTC PLC results presentation. My name is David and I'll be your host for today's event. Please note that this conference is being recorded and for the duration of the presentation, your lines will be on listen only. However, you will have the opportunity to ask questions at the end of the presentation. This can be done using the raise hand feature in the control panel on your screen. We will address as many questions as possible. When we come to answering your question, we will invite you to unmute and speak live to address our panelists. I will now hand you over to your presenters for today. Good morning. Welcome to the presentation of JTC PLC's full year results for the year ended 31st December 2023. I'm Nigel McCain, the Group CEO, and presenting with me as usual is Maarten Fodringen, our Group CFO. If we can turn to slide one and the agenda. In the next 30 minutes or so, I present my CEO highlights for the year, and Maarten will run through the financial review. I will then give an update of the external environment as it relates to the group and two divisions. We will then look in more detail at how we use multi-year plans or eras to guide growth at JTC before taking a specific deep dive into our US journey to date. Then finally, we will summarise our key takeaways and expectations for 2024. We will then open the forum up for questions. 2023 was our 36th consecutive year of revenue and profit growth since inception, and having achieved our galaxy goal two years early, it is difficult not to be very satisfied with the significant progress made in the year. In particular, our net organic growth at 19.9% has been spectacular, up 7.9 percentage points on 2022, with gross growth of 25% and client attrition of just 5.1%, an improvement of 1.3 ...