Netcare Ltd Unsp/Adr (NWKHY) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and a very warm welcome to Netcare Limited's interim group results presentation for the six months ended the 31st of March 2023. A warm welcome to the chair of Netcare, Mark Bauer, members of the Netcare board, our EXCO and senior management teams. Let me at the outset express my very sincere thanks to our management teams and NetCare staff across all of our divisions for their hard work, collective efforts and commitment over the past six months in producing what is certainly our strongest performance since emerging from the COVID-19 pandemic. Thanks also go to our board for their support and guidance. Today, a year ago, Maya Khan, a former long-standing board member and chairman of Netcare, passed away. He was a doyen of South African business. These results are dedicated to his memory and the enormous contribution he made to Netcare. I'm going to begin this morning with an overview of our group's performance and the operational performance of our various divisions before handing over to our Chief Financial Officer, Keith Gibson, who will unpack our financial results in more detail. I will then conclude by providing more detail on the progress we have made on certain key strategic areas and present our outlook and guidance for the remainder of the year. Just a very quick reminder of the extensive and growing array of facilities and services we provide within the NetCare ecosystem across 10 unique divisions. Looking at our overall operational performance, despite a very challenging and worsening macroeconomic and hyperinflationary environment, the past six months for Netgear have been characterized by a number of positive features. Firstly, an improving performance driven largely by the recovery in activity and a normalizing post-COVID-19 opera...