Avation PLC

Good afternoon, ladies and gentlemen, and welcome to Ovation PLC's Financial Year 2026 results and investor call. At this time, all participants are in listen-only mode. Later, we'll conduct a question and answer session. Participants may submit written questions using the Ask a Question button on the Spark Live webcast page. I would like to remind you all that this call is being recorded. I will now hand over to Duncan Scott, Group General Counsel, to read out the legal disclaimers.

Thank you. Welcome to everyone, and thank you for joining our presentation. Please note that certain statements in this presentation, including certain answers to your questions, are forward-looking statements, including without limitation statements regarding our future operations and performance, revenues, operating expenses, and other income and expense items. These statements and any projection as to the company's future performance represent management's estimates of future results and speak only as of today, 30 September, 2026. These estimates involve risks and uncertainties that could cause actual results to differ materially from expectations. Further information on the factors and risks that may affect Evasion's business is included in Evasion's regulatory announcements from time to time, including its annual report and half-year results announcements. Evasion assumes no obligation to update any forward-looking statements or information in light of new information or future events. Unauthorised recording of this transmission is not permitted. I'll now hand over to Jeff Chatfield, Executive Chairman.

Thank you very much and good afternoon. I'll provide you with an overview and update for the financial results. So if we can have the next slide please. So this is a snapshot of the business at 30th of June. We had at the time 33 aircraft. We had 16 customers around the world. The principal business of the company is narrow-body aircraft, so we have 59% narrow-body aircraft by value. Credit ratings have improved and they're B, B1, single B, 9.1 years average aircraft age, 3.8 years remaining lease term, $1 billion in assets, and $303 million in unearned contracted revenues. Next slide, please. So the portfolio at 30 June, we have 15 ATR 72s in the current fleet with 13 on order, followed by 19 purchase rights that go roughly out to 2032. We have numerous narrow-body aircrafts, principally Airbus A321-200s. We have an Airbus A330 and we also have a ATR engine, which is a Pratt & Whitney 127M on lease. Next slide, please. Customers, this displays our customer, Deconcentration, because we've been spreading them out as much as we can. We like to have sort of two aircraft with an operator. So we've been adding names to this list since the last time we presented, such as Finnair, Cabo Verde, et cetera. Our strategy has been to further diversify, which lowers the risk and gives us opportunity to place aircraft with existing customers should they become available. And so we've done a fairly good job in increasing the diversification. And this slide is as at the current date, 30th of September. So next slide, please. So for the financial results, the details I'll pass to our new Chief Financial Officer, Mr. Andrew Hiscock, which will run through them. So thank you, Andrew.