M&C SAATCHI PLC (SAA) — First Half 2024 Results

Investor webinar replay

Replay transcript excerpt

We international, right? Yeah. Good afternoon, and welcome to the M and C SAATCHI PLC investor presentation. Perhaps a recorded meeting, investors will be in listen only mode. Questions are encouraged. It can be submitted at any time by the Q and A tab situated on the right hand corner of your screen. Just click Q and A, type your question and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, we'd like to submit the following poll. I'd now like to hand you over to the management team of M and C SAATCHI PLC. Good afternoon. Good afternoon everyone and thank you for joining us. My name is Adol Kassab. I'm sitting here with our CFO Simon Fuller next to me, you'll hear from him in a moment, in order to present you with our first half results. These are my first results as CEO, so I'd like to thank my now chair, Zillah Bing Thorne, her leadership as Executive Chair at TILT. I joined. Let me just tell you what we're going to do. I'll start with a brief overview of the results, then I'll hand over to Simon and he'll take you through financial performance in more detail. I'll then come back to give you my perspective on the business and you may have a little time for questions, I hope. So overall, I'm pleased to say these are a strong set of results, and they show the progress that we're continuing to make on our transformation journey. We delivered 6% like for like net revenue growth, and that was broad based in terms of both regions and specialisms. Our profit before tax was up 26% on a like for like basis, and you can tell we made progress on margin, which is now at 14.2%. That's d...