Focusrite plc

Do we have a full crowd? It looks as though we've got 20 people on. Fantastic. James is on. I can see Phil. I can see John. All right, good. All right.

Thank you all very much for joining. Tim, Jeremy, another great set of results this morning. I think we've got a full complement. Just a quick note for everybody. who's on the on the call, and the guys are going to run through the presentation. And then if we've got any questions, you'll see there's the there's an ability on the chat function to drop a message, what would be great is if people could put their questions in there. And then Tim and Jeremy will answer them. When they come to the end of the presentation. We've also got a little demo for you as part of today's presentation as well. So with no further ado, I shall shut up and I'll pass over to Tim and Jeremy.

Thank you, John. All right. Morning, everyone. Thank you so much for joining us today. Yeah, we're very pleased with our results. I know many of you follow us and we've chatted many times before. So what we're going to do today is just start off with our introduction slide here and then go through a couple and then we're going to take you through a small video that shows some of our products in action. And we had to cherry pick what we could show. Obviously, it's very difficult to show how a large Martin audio system in a big rock and roll tour festival or installation works. So we wanted to show you some of the things that we've been doing specifically in the Focusrite Novation Camp to give you an idea. We've been talking or you've been hearing me talk for a long time about how we're really expanding our work there to be more involved in the whole value chain and own more of that entire customer journey. So you'll see some of that in what we've put together today and to give you also a little bit of exposure into the things that we've been doing on the onboarding journey and the ease of use, which are big ones for us. But before we get into that, again, just a really quick overview for those of you who are still maybe a little new to the company here. So basically the group is now six brands here between Focusrite, Focusrite Pro, Novation, Amplify, Atom Audio, and then our newest addition to the family was Martin Audio this past December. About 400 employees now on here. Really quickly, just to go over the financial highlights, you've probably seen these this morning, but again, a really good year. We're very proud of the year that we've had with all the puts and takes, and we'll talk about COVID and its impact and then organic growth and how we've been executing on our strategy with that and trying to also just keep that to the side and stay diligent on what we told you we would do. but overall you can see really good result here revenue up again a chunk of that was from M&A but our core business grew materially as well Jeremy will break that down for you Evita was up on there one of the things we're really proud of is you know that when we acquired Martin this year is we did take on some debt so we ended this year with a net cash position which we're really really proud of we're able to actually pay back the Martin audio loans that we did in a record time. So we're very pleased about that. Again, we've declared a dividend, kind of moving in the right direction, as you've seen before on here. And again, one of the highlights for this past year, obviously, was our second acquisition, which was Martin, which you could kind of see the metrics on there. So again, the graphs, as you see there, moving in the right direction, going up and to the right, that's what we like to see. really exaggerated a bit here, and we'll talk about how we accomplished that. So for the moment, though, what we'd like to do is we'd like to actually divert and play you guys a little video to show you some of the progress we've made on our products, the out-of-box experience, and just the whole workflow that we're enabling for our customers, specifically around those that are creating What you would typically say is this typical songwriter, singer-songwriter, somebody who is a vocalist or guitar player, but also another peek into that and how we've really furthered the whole production and the workflows for those who are interested in electronic music as well. So let's roll the video, then we'll see you in a few minutes.