Ocado Group Plc (OCDGF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well, good morning, everyone. I was sometimes used to the voice of God announcement when you get up on stage, but it was just quiet whispers from Nick. But it's good to be back here. My first time to be with you all was at the fiscal year 24 presentation. Well, I was still relatively new, four or five months have passed since then, so I'm delighted to be here to share some reflections over the last four or five months. Spent time, as you'd expect, with colleagues, partners and shareholders listening to the various perspectives of of you all and we've also spent time as a board looking at a cardo group strategy so it's really with that that i i want to spend just a brief moment ahead of the the presentation sharing some of those uh insight oh i was in charge of my own clicking you see nick it's i've done this before we i'll let you do it if you want to do it This is dangerous to give me the clicker and then be... Well, look, it's no surprise, and you've seen it in the announcement, our first priority is to become cash flow positive in FY26. And you'll hear more details of that, obviously, from both Stephen and Tim. And that has to be through keen and sharp execution, lean operations, and disciplined capital allocation. We've come to the end of a significant... R&D wave. So more discipline, more focus on that is obviously a key priority. No surprise, you know, we have a small number of very important partners globally, and the success of those partners is key. So focus on Helping them with their sort of end-to-end e-commerce and logistics strategies is a priority, and we continue to be very focused on that and bringing new capabilities to the table there. As recently, some of them are reflected with us. They are growing rapidly. new muscles in this e-commerce world as ...