PayPoint plc (PAY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the PayPoint Preliminary Results conference call. I am George, the course call operator. I would like to remind you that all participants will be listened only more than the conference has been recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star N1 on your telephone. For operator assistance, please press star N0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Nick Wiles, CEO. Please go ahead. Thank you very much and good morning, everyone. Welcome to the presentation of our results for the year ended 31st of March 2024. As you can see from our agenda slide, we follow the usual format with me covering an overview of our results, strategy update, our business review and our outlook. Rob will be covering the financials ahead of us opening up to Q&A. We turn to the overview slide. It's really pleasing to be reporting a really robust performance for the year, which I think very much underpins our confidence in the outlook for the current year. and it's really an important step towards our near-term target of £100 million EBITDA. I think it's fair to say we delivered a real standout performance in parcels and in digital payments. We made good progress in our other key growth areas. In the final quarter of the year, we streamlined our organisational structure and our cost base to support the next stage of our growth, and we're really pleased to announce today alongside these results our intention to commence a three year share buyback programme with a clear intention in the first year to buy back at least £20 million of equity and the potential to increase this further in years two and three. This slide very...