Mobico Group Plc (MCG) Q4 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.313 -- 00:00:05.762 Good morning and welcome to today's meeting, which is the last time I will be presenting 00:00:05.762 -- 00:00:08.006 MOVICOL results to you. 00:00:08.006 -- 00:00:13.397 Thank you for taking the time to join us for 24 full-year results. 00:00:13.397 -- 00:00:17.886 Firstly, I would like to start by thanking you all for your patience over the recent 00:00:17.886 -- 00:00:23.116 months. We appreciate that it has been some time since we last provided an update. 00:00:23.116 -- 00:00:28.223 As we go through this morning's presentation, I hope that you will appreciate why the 00:00:28.223 -- 00:00:33.471 process has again been longer than anticipated, with later conclusion of the audit 00:00:33.471 -- 00:00:38.778 due to complexities within the results. Overall, you will see that Mobico 00:00:38.778 -- 00:00:44.006 is continuing along a path to recovery, delivering on our commitments and making 00:00:44.006 -- 00:00:48.665 some important operational and commercial gains along the way. 00:00:48.665 -- 00:00:54.312 There are some areas where, despite the relentless focus, we have not progressed 00:00:54.312 -- 00:00:59.739 as planned, as it is the case with the closing of Germany PTA's negotiation. 00:00:59.739 -- 00:01:02.923 We will talk about this during the presentation. 00:01:02.923 -- 00:01:05.587 Helen will shortly talk 00:01:05.587 -- 00:01:11.574 more about continuing our focus on cash and our absolute commitment to debt reduction. 00:01:11.574 -- 00:01:17.141 But before I hand over to Helen, I would like to share our key messages from the 2024 00:01:17.141 -- 00:01:18.888 results. 00:01:18.888 -- 00:01:24.117 Firstly, another record performance from ALSA and further growth from 00:01:24.117 -- 00:01:29.427 We Drive You has driv...