TPXIMPACT HOLDINGS PLC (TPX) — Preliminary Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the TPXIMPACT HOLDINGS PLC for your results investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and they can be submitted at any time using 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 received during the meeting itself. However, company can review all questions submitted today on published responses, which is appropriate to do so. Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Conway. Good afternoon to you, sir. Thank you very much. Thank you for the introduction, and welcome, everybody. I really appreciate you joining this call to and your interest in TPX. Before we get into the presentation in full, I think probably just like to make a couple of key points. The first is and these are sort of themes that you'll see coming through the presentation. The first is last year was a difficult and unusual year, and I'm very pleased with the way that the team has responded and the way we've navigated that. So you'll see as we go through the presentation, revenue is down, but absolute profitability as measured by adjusted EBITDA is up and is up by 21% in relative terms to the year before. So that's a good outcome, and we've also maintained a good position with respect to our net debt and our banking covenants. So we've demonstrated resilience in the business, and we've continued to improve it during what was a a challenging year. I think the second aspect is that the business is well set up in the three business units that are focused on their individual clients. So we are sort of, you k...