Sims Limited (SMSMY) Q4 2024 Earnings Call

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WEBVTT 00:00:01.246 -- 00:00:05.052 Thank you, and good morning, good afternoon, or good evening, depending on where you're 00:00:05.052 -- 00:00:11.020 dialling in from. Today we are here to present the full year results for FY24. 00:00:11.020 -- 00:00:14.586 Presenting with me today is Warwick Ransom, our CFO. 00:00:14.586 -- 00:00:20.414 Rob Thompson, our Global Chief Commercial Officer, is also here with me, and Warwick. 00:00:20.414 -- 00:00:24.460 The presentation has been lodged with the ASX, along with the results release. 00:00:24.460 -- 00:00:28.706 First up, I will run through an overview of the results, take a look at where the market 00:00:28.706 -- 00:00:33.755 is at, and then focus on the progress we have made in implementing our business strategy, 00:00:33.755 -- 00:00:38.543 particularly in North America. Warwick will then take us through the financials. 00:00:38.543 -- 00:00:44.690 At the end, I will return to talk about the outlook, after which we will have Q&A. 00:00:45.174 -- 00:00:50.619 I will turn straight to slide five, which covers an overview of the results. 00:00:50.983 -- 00:00:54.970 There is no doubt when you look at the year-on-year comparison of the results, it was 00:00:54.970 -- 00:01:00.137 a difficult year. Warwick is going to dissect the results in some detail in later slides, 00:01:00.137 -- 00:01:03.922 so let me just make three overall comments. 00:01:03.922 -- 00:01:05.343 Firstly, 00:01:05.343 -- 00:01:09.628 it is a better result than we thought when we updated the market in early May. 00:01:09.628 -- 00:01:14.974 If you recall at that time, we were seeing a weaker second half from ANZ and SAR, 00:01:14.974 -- 00:01:19.720 and a somewhat better second half from UK and North America. 00:01:19.720 -- 00:01:25.026 ANZ, in fact...