Zip Co Limited (ZIP) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to the ZIPCO Limited half year 24 results briefing. All participants are in a listen only mode. There will be a presentation followed by a question and answer session. If you wish to ask a question via the phones, you will need to press the star key followed by the number one on your telephone keypad. I would now like to hand the conference over to the Director of Investor Relations and Sustainability, Vivienne Lee. Please go ahead. Good morning and thank you for joining ZIP's first half 24 earnings call. To open the call, I'd like to begin by acknowledging the traditional owners of the land on which we meet today, the Gadigal of the Eora Nation and pay my respects to Elders past and present. This conference call is also being webcast and both the results presentation and call details are available on the ASX. I'm joined today by ZIPP's Group CEO, Cynthia Scott, Group CFO, Gordon Bell, and the Group Executive Team from ZIPP. We will start this call with some prepared remarks and then open up to questions. With that, I'll now hand over the call to our CEO, Cynthia Scott. Thanks, Vivienne. Good morning, everyone, and welcome to ZIPP's first half 24 results presentation. At the start of FY24, we said that we would achieve positive cash EBIT TDA during the first half of 24. We achieved this important milestone in Q1 and have gone on to report a strong positive cash EBIT TDA result for the half of $30.8 million. This result was driven by successful execution of our strategy in our two core markets, ANZ and the Americas, and we're focused on maintaining that discipline and execution for the remainder of FY24. Our key financial highlights are set out on slide three. As you can see from the chart, the positive group cash EBIT TDA of $30....