Trainline Plc (TNLIF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for joining us here today for our full year results presentation. I'm Jody Ford, CEO of Trainline, and I'm joined by Pete Wood, our CFO. Let's first go through the disclaimer. Onto the agenda for today. First, I'll give a quick introduction, briefly discussing the progress we've made during the year. Pete will talk you through our financial performance. I'll update you on how we're progressing against our strategic priorities. And then we'll take a closer look at Spain, which is now the most dynamic rail market in Europe and precursor for how carrier competition can shape other markets. And after that, we'll open the floor to questions. As a reminder, at Trainline, we have a clear purpose to empower greener travel choices. To achieve that purpose, our vision is to build the world's leading rail platform, making it easy for customers to find the right ticket at the right price and delivering that experience through our branded channels or through our travel partners. In doing so, we're making rail travel more attractive, encouraging millions of people to take the train rather than driving or flying. At Trendline, we have a huge headroom opportunity. Our addressable market is 55 billion euros and growing, in part supported by industry investment plans and increasing awareness of the environmental benefits of rail travel. Within that 30 billion euros are in markets where new entrant carriers are due to launch over the next two years. We believe we are the best position player to win in these markets and become the aggregator of choice. We have a clear remit to aggregate carriers in multiple geographies, unlike incumbent rail carriers. We have the expertise and scale to invest across markets, unlike other independent rail retailers. And ...