Tritax Big Box REIT plc (BBOX) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to our first half results presentation. I'm Ian Brown, Head of Corporate Strategy and Investor Relations for Tritax Big Box. I'm joined here this morning by Colin Godfrey, our CEO, and Frankie Whitehead, our CFO. As a reminder, after the presentation there will be an opportunity for investors and analysts to ask questions. To ask a question, please use the web chat feature, or if you prefer to ask your question verbally, please ensure you've dialled into the presentation using the details in this morning's announcement. Finally, a replay and a transcript will be made available on our website shortly after this morning's meeting. And with that, I'll hand over to Colin Godfrey. Thanks, Ian. And good morning, everyone. I'm pleased to present the 2023 first half results for Tritax Big Box and to provide you with an update on our market and our positive operational progress. I'll start with a brief introduction. Frankie will run through our financial results for the first half, and I will then explain how our strategy is delivering attractive performance. And Ian will then wrap up with Q&A. In March this year, we reported strong operational performance for 2022 against the backdrop of weakening capital values. And despite continued macroeconomic uncertainty, I'm pleased to confirm that our strategy continues to deliver strong performance for our business. I want to start by highlighting four important factors from our first half. Firstly, we have continued our strong operational performance from last year, with all key metrics being positive. Our asset values have marginally increased, earnings per share are up, and our costs are down, resulting in a positive total return. Secondly, our high quality assets and customers not only insulate us agains...