Operator

Welcome to Pennon’s Strategic Update Conference Call. My name is Alex, and I’ll be coordinating today’s call. [Operator Instructions] I’ll now hand over to Keith Haslett and Laura Flowerdew to begin. Please go ahead.

James Haslett
Member of Executive Board, Group CEO & Executive Director

Thanks, Alex, and good morning, and welcome, everyone, to the strategic update today. So having now completed my strategic review over the last 6 months, I have also now reset the senior team. That team has been part of developing the plan and importantly, they have bought into delivering it. With the strategic review complete, we are now resetting Pennon and are ready to capture the growth opportunity provided by the reopeners.

We have hit the ground running, and we now have a clear path to moving the business forward. We believe we have a compelling investment opportunity ahead of us. Today, we will be presenting our plan to capture it. There will be plenty of time at the end for questions. And with that, let me get underway with unpacking what we are doing and what it means for Pennon’s next phase.

In summary, during the full year results, I have provided an insight into my initial observations. But after a fundamental strategic review, it is now clear on the pathway required to 2030. The

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