VP PLC (VP.) — Investor Presentation

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the VP Group VP PLC Investor Presentation. Apologies for our short delay. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be The company may not be in a position to answer every question received during the meeting itself. However, the company review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, we'd like to submit the following poll, and I'm sure the company will be most grateful for your participation. I'd now like to hand over to Neil Stothart, CEO. Good morning. Thank you, Mark. Good morning, everybody, and thank you for joining us this morning. I have my colleague, Alison Bainbridge, me, CFO. Good morning. I'm CEO of the business. There are three elements of the presentation. The first short one, which is I should just take you through the highlights of the results to 09/30/2022. Alison will then take you through the financial highlights, and I'll finish with commentary on the markets. So first slide in terms of highlights. I think first of all, the six months to September 30 were a period of resilient performance for us. We were very pleased with a number of elements of the results. The earnings themselves, the quality was maintained. We improved our ROAC through the six months, and we also maintained margins from the equivalent period last year. Recovery has continued, albeit relatively modest, held back by certain market challenges. And we've the revenue growth has been partially delivered through increases in higher rates agreed with our customer base. The supported markets for us have been infrastructure and house build, which has been against an inflationary backdrop, but nevertheless posi...