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Half Year 2024 Humm Group Ltd Earnings Call Transcript
Good day and thank you for standing by. Welcome to the hummgroup HY '24 results conference call. (Operator Instructions) Please be advised that today's conference is being recorded. I would now like to hand the conference over to Stuart Grimshaw, Chief Executive Officer of hummgroup.
Good morning, and thank you for joining us today as we release the first half results for financial year '23. My name is Stuart Grimshaw, and I'm the Chief Executive Officer of hummgroup, also joining me today is Adrian Fisk, our Chief Financial Officer, and Dave Grevler, Head of Investor Relations.
On slide 2, you'll see the agenda for today and Adrian I will walk you through the slides.
Turning to slide 4. The first half presented many challenges, which we'll touch upon through this presentation. However, it was pleasing to see the continued strengthening of the balance sheet. We increased our receivables by 23% to $4.7 billion, and our gearing ratio stood at a relatively conservative 11.3% unrestricted cash
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