Marston'S Plc Unsp/Adr (MRTPY) Q2 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.425 My name is Justin Platt. I'm the Chief Exec. 00:00:02.425 -- 00:00:06.558 Welcome to the Masters Interims 24. 00:00:06.697 -- 00:00:08.921 Hayley Lupino, our CFO, I'm sure many of you know. 00:00:08.921 -- 00:00:10.663 Thank 00:00:10.663 -- 00:00:14.469 you for taking the time to join us today. We really do appreciate it. 00:00:14.469 -- 00:00:18.857 The way we're going to split our time, I'll give a quick overview now. 00:00:18.857 -- 00:00:22.402 Hayley will then take you through the financials 00:00:22.402 -- 00:00:27.050 in some depth. And then given it's my first results meeting, I thought I'd share a little 00:00:27.050 -- 00:00:30.495 bit on what I've been up to, some initial impressions on the business. 00:00:30.495 -- 00:00:34.304 And then of course, at the end, we'll take some time for your questions. 00:00:34.304 -- 00:00:38.749 So as you'll have seen from the R&S, a good first half, 00:00:38.749 -- 00:00:42.894 strong trading, like for likes at 7.3%. That's 00:00:42.894 -- 00:00:46.899 ahead of market. And we've been able to translate that into earnings growth. 00:00:46.899 -- 00:00:51.724 So the combination of our revenue growth with some of the margin improvements that we've 00:00:51.724 -- 00:00:53.627 made 00:00:53.627 -- 00:00:57.031 has allowed us to deliver 53 million pounds of operating profit, which is up more than 00:00:57.031 -- 00:01:02.097 20% year on year. And in turn, that's enabled us to continue 00:01:02.097 -- 00:01:04.342 to pay down our debt 00:01:04.342 -- 00:01:09.251 And all of that is alongside some really good progress operationally. 00:01:09.251 -- 00:01:12.937 So as you know, we've been doing a lot of work to simplify the business. 00:01:12.937 -- 00:01:18.707 So not only has that helped us dr...