Seatrium Ltd (SMBMF) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. I'm Judy, the head of investor relations and corporate communications at Citrum. Welcome to Citrum Limited's first half 2024 financial results webcast briefing. We have with us today Mr Chris Ong, Chief Executive Officer and Mr Adrian Tang, Chief Financial Officer. To follow today's webcast, please refer to our latest financial results documents which are available on the SGXnet and our corporate website. To commence today's webcast, I would like to welcome Mr Chris Ong to deliver the CEO address. Chris, please. Thank you, Judy. Good morning and welcome to Citrum Group's first half 2024 results presentation. I am pleased to have with me Mr Adrian Tang, Chief Financial Officer. First half 2024 was a busy, fruitful first half for Citrum. We clinched several prize contracts to value-add to our portfolio of projects, including the much-anticipated new-built FPSO platforms P84 and P85 for Petrobras, and the third 2GW HVDC offshore converter platform for Tenet, as well as a number of repairs and upgrade projects worth over half a billion to date. We have also successfully completed our share consolidation exercise in May and embarked on our inaugural SingDollar 100 million share buyback programme. At our Investor Day held earlier in March, We have laid out our longer-term strategy and 2028 financial targets, providing clarity on how the Group intend to leverage the strong industry tailwinds to chart our transformation journey from here. This morning, we reported our first-half 2024 financial results. I will spend some time to go through our operational performance and business outlook. Adrian will then cover the financial performance in greater detail. I am pleased to inform on behalf of the Group that Citrum has delivered its first posi...