Netcare Ltd Unsp/Adr (NWKHY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and a very warm welcome to Netcare Limited's presentation of the audited group results for the year ended 30 September 2024. A warm welcome to our Lead Independent Director Alex Medici, members of the Netcare Board, our EXCO and our senior management teams. Allow me to express our sincere gratitude and pay tribute to our former chairman, Mark Bauer, who retired in September at the end of the financial year. Mark gave tirelessly of his time and expertise and made a very significant contribution to NetCare over his many years as a non-executive director and chairman. Let me also express my sincere thanks to our management teams and our NetCare staff across all of our divisions for their incredibly hard work, collective efforts and commitment over the past year. And also thanks to all the board members for their support and guidance. I will begin with an overview of the group performance as well as that of our operating divisions before handing over to our Chief Financial Officer, Keith Norman 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 rolling out our strategy and present our outlook and guidance for the 2025 financial year. Just a quick reminder of the comprehensive and growing array of facilities and services we provide within the NetCare ecosystem across 10 unique divisions. Looking at our overall performance, despite what was a very challenging macroeconomic and inflationary environment, NetCare has produced a strong financial performance and excellent traction on our strategic projects. This was characterized by good operating leverage supported by reduced strategic costs along with digital efficiencies. We maintained a strong balance sheet and imp...