STRIP TINNING HOLDINGS PLC (STG) — Investor Presentation

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the STRIP TINNING HOLDINGS PLC Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time via the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company will review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Richard Barton, CEO. Good afternoon, sir. Good afternoon. Hello, everybody. Thank you for joining us today. I'm Richard Barton, the CEO of STRIP TINNING. With me today are Adam Robson on my right, our Executive Chairman and also Adam Levan, our Chief Financial Officer. We're delighted to be sharing with you our interim results for the first six months of 2023. And quite delighted that they demonstrated significant turnaround from last year, which is certainly be very, very difficult and lots of headwinds. We're pleased to have an adjusted positive EBITDA albeit pretty small, nevertheless set against a considerable loss for 2022. Similarly, from a cash generation point of view, again, there is one quite small, but again, against a considerable loss for the previous year. We've managed to improve the business considerably operationally. We hired a new managing director, Mark Perriens, who joined us a couple of months after IPO. I think he was in the prospectus, but really his work didn't start until probably May or June time. And it's his efforts that have driven a lot of the improvements that we'll be talking about later. Our glazing o...