Rolls Royce Hldgs S/Adr (RYCEY) Q2 2022 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome everyone to our 2022 half-year results presentation. I'm Isabel Green, Head of Investor Relations, and I'm joined today by our CEO, Warren East, and our CFO, Panos Kakoulis. Hello and welcome everyone to our 2022 half-year results presentation. I'm Isabel Green, Head of Investor Relations, and I'm joined today by our CEO, Warren East, and our CFO, Panos Kakoulis. As usual, today's presentation will begin with a summary of our operational and financial highlights from Warren, followed by a more detailed review of our financial results from Panos, and then Warren will talk you through how we're securing a sustainable future for the business. Our presentation will take just over 30 minutes, leaving time at the end for Warren and Panos to answer your questions. Before we begin, please take note of the safe harbour statement on slide two. As always, the full set of results materials can be downloaded from the investor relations section of our website, I'll now hand over to Warren. Thank you Isabel. Good morning everyone and thank you for joining us today for our results presentation. I'll start with a summary of our performance. We've made good progress in the first half with growth in order intake, revenue and cash flow and that's based on demand for our products and services which are improving meaningfully with another period of record order intake in power systems accompanied by continued recovery in civil aerospace engine flying hours and we have good visibility of revenues in defence with a strong order book. Second point, middle of the slide, we're taking the necessary actions to protect our business from the risks of inflation, supply chain disruption, and a tightening labor environment. We can see the benefits of productivity and efficiency impr...