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BBA Aviation's (BBAVF) CEO Wayne Edmunds on Q4 2017 Results - Earnings Call Transcript

Mar. 01, 2018 11:39 AM ETSignature Aviation plc (BBAVF)
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BBA Aviation PLC (OTCPK:BBAVF) Q4 2017 Earnings Conference Call March 1, 2018 3:30 AM ET


Wayne Edmunds - Interim Group CEO & Director

David Crook - Group Finance Director & Director


Samuel Bland - JPMorgan Chase & Co.

Rishika Savjani - Barclays Bank PLC

Joseph Spooner - Jefferies LLC

Alex Paterson - Investec Bank plc

Wayne Edmunds

Well, good morning, ladies and gentlemen. And I'm Wayne Edmunds, and I want to thank you for your continuing interest in BBA aviation. Welcome to our presentation of our earnings for 2017, and for those you in the room, thank you for taking the time to brave the elements this morning. We have had a good year. At the half-year presentation, I said that we were going to do a number of important things, one of which was appoint a new CEO, review the capital structure, complete our negotiations on our major Signature contracts and most importantly, also undertook to assure that we maintain the momentum in the business that we had at the half year. And the good news is that we have done all of that.

2017 was another successful year for the Group with the BBA meeting all of its key commercial and financial commitments, while setting in emotion a number of important investments and important initiatives that will support our future growth. So the next 30 minutes or so, we'll give the highlights for the full year performance, including the details on these key commercial and financial developments. First, let me start by introducing the BBA team joining me today, David Crook, our Finance Director, Kate Moy, there you are Kates, our Investor Relations Director; Mark Johnstone who will be assuming the role of CEO for BBA on April 1, welcome, congratulations. And then after my opening comments, David will review our financial performance. I'll then come back after David is done to conclude

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