VULCAN TWO GROUP PLC (VUL) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the VULCON two GROUP PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time by 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 it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to the management team. Michael, good morning, Good morning, Lily. Thank you very much, everybody, for attending. So today we're going to do effectively a dual announcement. We're going to announce our new identity molecule and as well as our interim results. So just a little bit about the team that are presenting to you today. I'm Michael Craftsman, I'm CEO. I created the business that ultimately became known as Vision Direct through a combination of acquisition and strong organic growth, and became the largest seller of contact lenses in Europe online. I ran that business for seventeen years and sold that in 2016 to Essilor at a very attractive 4.25 times return to our institutional investors. I continued to to lead the business under Essilor's ownership for sixty years and left in 2021 and looked for a sector that I could apply the same business model to, and digital pharmacy, online pharmacy was clearly the market that made most sense for us to enter. Brendan, who I'll introduce you into in a moment, joined me as a vendor of one of the first businesses I bought, GetLenses, in 2009. I signed him up for a six months, a three day a week consult...