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Ashtead Group plc (ASHTF) CEO Brendan Horgan on Q3 2021 Results - Earnings Call Transcript

Mar. 03, 2021 1:24 PM ETAshtead Group plc (ASHTF), ASHTY
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Ashtead Group plc (OTCPK:ASHTF) Q3 2021 Earnings Conference Call March 2, 2021 10:00 AM ET

Company Participants

Brendan Horgan - CEO & Executive Director

Michael Pratt - Group Finance Director, Group Treasurer & Director

Conference Call Participants

Will Kirkness - Jefferies

Neil Tyler - Redburn

Annelies Vermeulen - Morgan Stanley

Robert Wertheimer - Melius Research

Rory McKenzie - UBS

Daniel Hobden - Crédit Suisse

Jane Sparrow - Barclays

Rajesh Kumar - HSBC

Brendan Horgan

Good morning, and thank you for joining the Ashtead Group Q3 Results Call. I'm speaking from our field support office in South Carolina. Joining on the line from our London office are Michael Pratt and Will Shaw.

Before getting into the highlights, I'd like to take a moment to thank our dedicated team members across the group. After experiencing nearly a year of COVID-19's direct or indirect impact on all of our lives, it's easy to understand how fatigue, whether mental or physical, can impact and distract the task at hand. During this period, however, our team has come through for our customers and communities as essential service providers, whether on the front lines, setting up and maintaining testing and vaccination sites, responding to natural disasters or serving any of our broad collection of customers, the team has done so with an unwavering commitment to making safety the first priority.

At the 3-quarter mark in the year, our business units in the U.S., Canada and U.K. have once again posted their best ever to date safety results. This is another milestone along our path of continuous improvement in safety, and I am extraordinarily appreciative to and proud of our team members for this performance.

Moving now to the first half highlights on Slide 3. Our performance in the quarter picks up where we left off in December

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