SSP Group plc (SSPG) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Thank you for joining our interim results presentation for the six months ended the 31st of March, 2024. For those of you who don't know me in the room or on the call, I'm Patrick Coveney. I'm the Group CEO of SSP, and I'm joined for today by Jonathan Davis, our Deputy CEO and Group CFO, by Sarah John, our Corporate Affairs Director, and by several other members of our leadership team. In a moment, I'll run through the highlights of the first half before Jonathan takes you through the financial review. I'll then come back in to set out the operational and strategic progress that we've made and update you on our outlook before we both take questions at the end. But before getting into this, I wanted to make a few opening comments. As many of you will know, I spend a huge amount of time in the business, so I can see firsthand the quality of our offers, the performance of our restaurants, bars and shops across the world. Importantly, it also allows me to engage directly and in person with our teams, our clients, our brand owners, suppliers and local equity partners across more than 30 of the countries in which SSP operates. What's clear to me now, after two years in this role, is that we have a strong growth and returns platform. one that combines access to sustained structural long-term growth with hard-built competitive advantages, deep food travel expertise, and an entrepreneurial, highly commercial culture. Indeed, the choices that we have made will drive high revenue growth, sustainable margin progression, and deliver attractive and compounding rates of return on the capital that we invest. So that's what we're doing, investing thoughtfully now to capitalise on both the pace of the post-COVID recovery and travel and on the discrete in-market competiti...