Heidelberg Mterials S/Adr

Ladies and gentlemen, welcome to the Heidelberg Materials full year results 2025 conference call. I am Sergan, the chorus call operator. I would like to remind you that all participants will be in listen-only mode and the conference being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to turn it over to Christoph Beumelburg. Please go ahead, sir.

Thank you, operator. Good morning, good afternoon, good evening to everyone listening into our full year 2025 conference call. Thanks for dialing in. As usual, we have Dominik and René with us, CEO and CFO, plus the IR team in the room. We have some prepared remarks. We're going to go through them relatively quickly, and then, you know, take the time for your questions. Over to you, Dominik.

Dominik Langevinkel Christ, thanks a lot. Hello, everybody. Sunshine in Heidelberg, 20 degrees. That's a good time to have a conference call. Great setting. Welcome. Let's go into the summary first page. Very good year for us. Yet another record year. I think all the key matrices go in the right direction. RCO reached a new record high at 3.4 billion euros. Aided down margin up. Important for us, you know, that we are very focused on improving the Structural profitability up to almost 22%. Also driven by a great success on the Transformation Accelerator Initiative that has already encountered 380 million euros of saving. Remember, the saving target is down the road 500 million by end of this year. I remember very well our Q3 conference call. Here you go. European margins increased to 20.5%. So very good performance out of Europe, especially also in Q4. So I think a fantastic entry point going into 2026. Free cash flow, Arrhenio will further go into it, a strong level of 2.1 billion euros, leverage stable at around 1.2 times. What is very good now is the ROIC that has surpassed comfortably the 10% mark. So 10.4% I think is the highest we ever had, and it's really well on track to our midterm guidance from the capital markets where we said we go up to 12%. Shareholder return up 10%, so even more than the profitability increase with a combination of progressive dividend and share buybacks, 1.1 billion euros. The second tranche has been done. and the acquired shares have been canceled. We are really continuing to make the difference, not only because we are the only global ones, not only because we are the heavy building materials guys, but also because we now turn this into superior differentiating products. EVO zero hits the market as the world's first carbon capture near zero cement, and the first customers are happily using it. And then last but not least, importantly, the outlook for this year. We are optimistic. We are going to increase our results with a range that you know from us is always cautious at the beginning of the year, 3.4 to 3.75 billion euros. RUIC, again, above 10%, and the CO2 emissions continue to decline. With that, I think next page is basically just repeating what I just said. I think we don't need to go through that other than, you know, it's green on basically all dimensions and the adjusted APS has also gone up. Reni will talk to you about that in a minute. So overall, I think a strong performance. Reni, you want to say something on the transaction in Australia?