Kier Group plc (KIE) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

OK, we'll start. So good morning, everyone, and thank you for joining us for our full year 2024 results presentation. And for those of you here in person, I'd like to extend a warm welcome to those of us who are joining or those of you who are joining on the webcast and on audio as well. I'm Andrew Davies. I'm chief executive of Care Group, and I'm joined today by Simon Kesterton, our chief financial officer. So this morning I'll walk you through the highlights from the last 12 months to the 30th of June 2024 and then hand you over to Simon to talk through the group's financial performance. And this will be followed by an operational review, which I'll give, an update on ESG, and we'll finish off with our outlook. And then there will be an opportunity for questions and answers at the end, both here in the room and thereafter online as well. So if we go through the disclaimer and the results summary, and moving to the highlights of the year here on slide four. So the past three years have seen the group achieve significant operational and financial progress. We've delivered a strong set of results for FY24 with over £560 million in revenue growth, improved profitability and strong cash generation, allowing us to significantly deleverage. During the year we successfully delivered the acquisition of the Buckingham Group's rail assets and we also refinanced the Group. These results are a testament to the hard work and commitment of our people who have enhanced the Group's resilience and strengthened our financial position in line with our medium-term value creation plan. I would like to extend a big thank you to all of my colleagues in Kier for all of their hard work and efforts over that period. The future prospects of the Group also remain strong, with the Group's orde...