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GVC Holdings PLC (GMVHF) CEO Kenny Alexander on Q4 2019 Results - Earnings Call Transcript

Mar. 05, 2020 7:35 PM ETEntain Plc (GMVHF)
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GVC Holdings PLC (OTCPK:GMVHF) Q4 2019 Results Conference Call March 5, 2020 4:30 AM ET

Corporate Participants

Barry Gibson - Non-Executive Chairman

Kenny Alexander - CEO

Rob Wood - CFO

Shay Segev - COO

Conference Call Participants

Ted Nyhan - JP Morgan

Stuart Gordon - Berenberg

Richard Stuber - Numis

Gavin Kelleher - Goodbody

Ivor Jones - Peel Hunt

Ed Young - Morgan Stanley

Simon Davies - Deutsche

James Rowland Clark - Barclays

Barry Gibson

Good morning, everybody. It's a great pleasure for me to be introducing the GVC Results for the Financial Year Ending December 2019. As you all will realize, I only actually joined the Board back in November, so I can't take much credit for what's been going on. But I'm delighted to be here. 2019 was a very strong year for GVC in terms of its financial performance. It faced some headwinds and some changes, but it stood up to those challenges very well indeed, as it's continued to do over the years I've been following it.

What are we trying to do from a kind of a Board perspective? Well, we're certainly looking to make sure that we're best-in-class as far as corporate governance is concerned. You're all smile when you remember some of the issues that we faced last year. And you know we've had some opportunities to strengthen the board, not just with my own appointment, but some additional members have joined the Board, and we've got a very strong PLC Board now. It's well-represented in terms of its geographic diversity, but also its general diversity in its approach and some really skilled individuals.

We've redomiciled the company into the U.K. You will remember, of course, that we were Isle of Man domiciled, and I think coming along with being in those kinds of jurisdictions, some people would

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