Naspers Ltd (NAPRF) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to the Process NASPASH FY23 results call. All participants will be in listen-only mode, and there will be an opportunity to ask questions later during the conference. If you should need assistance during the call, please signal an oscillator by pressing star and then zero. Please also note that this event is being recorded. I will now hand the conference over to Owen Ryan. Please go ahead. Great. Thanks, Chris, and welcome, everyone. Thanks for joining us on the call today. With me on the call, I have our CEO, Bob Van Dyke, and our CFO, Basil Skordos. They're going to take us through the key highlights for the year and then the proposal to eliminate the crossholding. We'll then move to Q&A, at which time we'll be joined by Bob's team and the segment CEOs. And as always, please reach out to IR if you have any follow-ups afterwards. Before I hand it over, I want to do some quick housekeeping items. We've commenced but not completed the exit from OLEX autos business. So as such, reported IFRS continue ops still includes some autos operations whose exit process was not finalized at the 31st of March. Our intention remains to exit these businesses and as such, we thought it more useful to present pro forma numbers excluding OLEX autos. So a reconciliation to the IFRS numbers has been appendix, and that's on page 34 of the deck that is on the website. Lastly, FX translation negatively impacted the group's revenue and trading profit by about 7% or $2.4 billion and $347 million respectively. So to get a true view of our results, we will speak to organic growth, excluding FX and M&A, and the OLX autos operations. So with that, I'll now turn it over to Bob. Yeah, thanks a lot, Owen, and thanks everybody for joining us on the call tod...