Saga plc (SAGA) Q4 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.385 -- 00:00:06.070 Good morning everyone and welcome to Saga's results for the year ended January 31st 00:00:06.070 -- 00:00:08.511 of January 2026. 00:00:09.133 -- 00:00:13.798 My name is Mike Hazel and I'm the Group CEO and I'm joined today by Mark Watkins our 00:00:13.798 -- 00:00:15.760 Group CFO. 00:00:15.760 -- 00:00:20.804 I'll start with a quick overview of the year highlighting the huge progress that we've 00:00:20.804 -- 00:00:25.349 made strategically and the strong performance that we've delivered across all of our 00:00:25.349 -- 00:00:27.210 businesses. 00:00:27.210 -- 00:00:31.165 Mark will then talk you through our financial results in more detail 00:00:31.165 -- 00:00:36.032 And finally, I'll provide an update on our strategy and the significant progress that 00:00:36.032 -- 00:00:39.954 we're making before opening to questions. 00:00:43.362 -- 00:00:48.429 This has been a transformational year for Saga, underpinned by strong full-year 00:00:48.429 -- 00:00:50.111 results 00:00:50.111 -- 00:00:53.613 and a performance that was ahead of expectations. 00:00:53.656 -- 00:00:59.163 We completed our refinancing in February last year, putting in place a new 2031 00:00:59.163 -- 00:01:01.507 corporate debt facility. 00:01:01.507 -- 00:01:06.174 This has materially enhanced the group's liquidity position, significantly increased 00:01:06.174 -- 00:01:08.258 covenant headroom, 00:01:08.258 -- 00:01:13.743 and provided funding certainty as we execute our growth plans. 00:01:13.886 -- 00:01:20.056 We've restructured our insurance business through the sale of ACOL, our in-house underwriter, 00:01:20.056 -- 00:01:23.942 and the launch of our Aegeus partnership. 00:01:23.942 -- 00:01:27.427 We now have a less complex insurance business 00:01:27.42...