Articore Group Limited

Thank you for standing by and welcome to the Redbubble Group Q1 Market Update conference call. 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, you will need to press the star key followed by the number 1 on your telephone keypad. I would now like to hand the conference over to Mr Paul Gordon, Company Secretary. Please go ahead.

Hello everyone, this is Paul Gordon, Company Secretary for Redbubble. Welcome to this Investor Call following the release of Redbubble's first quarter financial year 2021 trading update earlier today. With me on the line I have Redbubble Group CEO Martin Hosking and CFO Emma Clarke. The key information for today's update is contained in the trading update and investor presentation released to the market this morning, Australian time. Please note that the financial information in the release documents and in the upcoming call are from internal management reports and have not been subject to audits. Martin and Emma will now speak and then we will open up the floor for questions. This call, including the Q&A session, is being recorded. Before we start, I would like to call your attention to the safe harvest statement regarding forward-looking information in our trading update and investor presentation. That safe harvest statement also applies to this investor call. Now I will pass on to Martin.

Thank you, Paul. I'm going to keep my comments brief as we only spoke a few weeks ago. What we are seeing in Q1 reflects what we had foreshadowed with the year end results. Mainly the red bubble is moving into a period of rapidly increasing profitability as the business scales. The scaling reflects the fundamentals of the business. Our strong margins and low marginal OPEX underlying solid growth and the acceleration brought about by the COVID crisis. Our challenge and opportunity is to extend the gains created by this period of accelerated growth and ensure Redbubble is the defining global e-commerce leader in the new commerce category of more relevant and meaningful products. We must be willing to both innovate and invest to ensure this is achieved. We are much closer to the start of the game than the finish. After Emma runs through the numbers, I'll comment further on this matter. Over to Emma.