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Meggitt PLC (MEGGF) CEO Tony Wood on Q4 2020 Results - Earnings Call Transcript

Mar. 04, 2021 12:29 PM ETMeggitt Plc (MEGGF), MEGGY
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Meggitt PLC (OTC:MEGGF) Q4 2020 Earnings Conference Call March 4, 2021 4:30 AM ET

Company Participants

Tony Wood - Chief Executive Officer

Louisa Burdett - Chief Financial Officer

Conference Call Participants

Michael Tyndall - HSBC

Robert Stallard - Vertical Research

George Zhao - Bernstein

Andrew Gollan - Berenberg

Chloe Lemaire - Exane BNP Paribas

David Perry - JPMorgan

Nick Cunningham - Agency Partners

Harry Breach - MainFirst Bank

Jeremy Bragg - Redburn

Sandy Morris - Jefferies

Tony Wood

Well, good morning, everybody, and thank you for joining. Welcome to the 2020 Full Year Results Presentation for Meggitt PLC, I am taking place from our new Ansty Park offices in the UK. With me today is Louisa Burdett, our Group CFO. Just before I proceed a quick note that if you wish to ask a question at the end of the session, then please use the dial in details provided during the Q&A session.

So with that to get us going, as you can see from the agenda over the course of this morning's presentation, we'll provide an overview of our financial performance for the year. And our response to what has been a challenging period for the world and our sector, but also a reminder of the strong fundamentals that may get well-placed for the recovery.

I'll begin by providing an overview of our results and achievements during the year before Louisa talks through the numbers in more detail. I'll then take you through the key characteristics and strengths of Meggitt that underpin our confidence in the future, and our sustainability agenda and some of the priorities for 2021 before closing with the outlook for the full year. And finally we'll obviously open it up for your questions. But first, please note the following cautionary statement.

So clearly, it's been a

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