Full Year 2021 Travis Perkins PLC Earnings Call Transcript
Well, good morning to you all, and a warm welcome to everybody in the room and on the webcast for our first in-person results briefing in 2 years, which has been rather denuded, unfortunately, by the tube strike. I will also say to you a Dydd Gwyl Dewi Hapus, Happy St. David's Day from me to you all. I'll open with some reflections and then hand over to Alan for a financial and operational update before I return with a strategic update and look ahead.
Let me first capture the year, if I may. 2021 was a year of significant progress for the group. We successfully navigated a very challenging market in all our businesses and produced what we think is a superb financial performance. Performance underpinned by operational and strategic progress across the group. We were true to our promise to focus on the trade and simplify the group. We demerged the Wickes business. We sold our Plumbing & Heating business. We strengthened our balance sheet. And we repatriated excess capital to shareholders, all the while growing our business, new
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