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Half Year 2022 Quilter PLC Earnings Call Transcript
Good morning all. Welcome to our interim results presentation. We'll follow the usual format. I'll set up my perspective on business performance, flows and some of our important initiatives, and then Mark will walk you through the financials. I'll then summarize and we'll take Q&A. We've also got the exec team in the room with us today, so I'll draw them into questions as appropriate.
Let me start with the key highlights across my three key axes: financial momentum, operational improvement and strategic progress.
First, financial momentum. We all know it was a tough market in the first half. Despite that backdrop, there's good momentum in our business, and that's come through in our first half performance. We drove GBP 1.6 billion of net flows to our platform versus GBP 1.8 billion last year and GBP 0.5 billion of flows into our High Net Worth business versus GBP 0.4 billion last year, a creditable performance. And we increased adjusted profit by 9% to GBP 61 million. And that was achieved by delivering a 2 percentage point
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