Mitchell Services Limited (MSV) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for joining us today for the Mitchell Service half-year result. My name's Alan Chan from Bridge Street Capital. Joining us from the company, please welcome Executive Chair Nathan Mitchell, CEO Andrew Elf, and CFO Greg Sotala. We will have a Q&A session at the end of the presentation, so if you could enter all questions into the Q&A, and I'll address them The webinar is being recorded and will be circulated afterwards. On that note, Andrew, over to you. Thank you. All right, Alan, thanks very much for the introduction, and thanks very much, everyone, for joining us today and for the interest in the company. I'll move straight to slide four, the market profile, and just take the disclaimer as being read. Obviously, there you can see the shares and market cap and major holders. Obviously, Mitchell Group being Nathan Mitchell and Dream Challenge, Scott Tunbridge, another one of our non-exec directors. Just moving on to slide five, the summary for the first half. Look, a very good half for the business and significantly improved half on half year on year when looking at EBITDA through to profit after tax and return on capital. And certainly, I think as Greg goes through the financial slides, he'll It'll certainly provide some additional colour on what's driving those improvements. Also, and importantly, down there in the middle, the winner of a prestigious National Safety Award, which I'll touch on again a little bit more in a moment. So just on slide six, the overview, obviously the high prices for commodities are still driving demand for drilling services, particularly for highly skilled drilling services, either mine services work or depot work or specialist type work of different natures. So we say here that inflationary pressures...