VENTURE LIFE GROUP PLC (VLG) — Investor Update

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a0464c-4f4b-7ad1-adca-37a57f8a3f9e Created: 2026-08-28T02:57:05.434Z Duration: 1574.269 Channels: 1 00:00:02.159 -- 00:00:03.840 Good morning, ladies and gentlemen, and welcome to 00:00:03.840 -- 00:00:06.160 the VENTURE LIFE PLC investor presentation. 00:00:06.160 -- 00:00:08.559 Throughout today's recorded presentation, investors will be in 00:00:08.559 -- 00:00:10.400 listen only mode. I'd now like to hand 00:00:10.400 -- 00:00:12.960 over to Jerry Randall, CEO and Daniel Wells, 00:00:12.960 -- 00:00:15.785 CFO. Good morning to you both. Good morning, 00:00:15.785 -- 00:00:16.425 everybody. 00:00:16.904 -- 00:00:20.505 I'm Jerry Randall, founder and CEO of VENTURE 00:00:20.505 -- 00:00:22.744 LIFE GROUP, and I'm joined by my chief 00:00:22.744 -- 00:00:25.945 financial officer, Danny Wells, to share with you 00:00:25.945 -- 00:00:28.970 today. So today, we announced the significant acceleration 00:00:28.970 -- 00:00:30.330 of the simplification 00:00:30.330 -- 00:00:32.650 of VENTURE LIFE GROUP to drive future profitable 00:00:32.650 -- 00:00:35.610 growth. We divested of the CDMO operations of 00:00:35.610 -- 00:00:37.770 the group, that's in Italy and Sweden, and 00:00:37.770 -- 00:00:40.345 some peripheral brands at the same time. This 00:00:40.345 -- 00:00:44.185 significantly simplifies our structure along with other activities 00:00:44.185 -- 00:00:45.945 that we're doing and makes us lean for 00:00:45.945 -- 00:00:46.505 growth. 00:00:46.745 -- 00:00:49.225 Takes away the capital intensive nature of the 00:00:49.225 -- 00:00:52.345 CDMO. We become a pure play branded consumer 00:00:52.345 -- 00:00:55.065 health care platform, and we're recycling that cash 00:00:55.065 -- 00:00:57.530 from the sale...