Many thanks, Carl. Good morning and welcome to the IPH results presentation for the half year ended December 31, 2020. My name is Andrew Blattman and I'm the CEO of IPH, and with me today is John Wadley, our CFO. Thank you all for joining us for our presentation and for your continuing interest in IPH. Before commencing the formal presentation, I would like to acknowledge and thank the IPH executive team and our board for their support, and of course, all of our people from across the group for their contribution during the first half of FY 2021. As we've outlined previously, we have experienced some disruption from COVID-19, and it's a testament to all our people across the group that we've delivered such a strong result in this environment. Moving to Slide three. This is a table of contents, what we will talk about. For today's presentation, I'll provide an overview of the operational highlights for the year. John will discuss the financial results in further detail before handing back to me to provide comments on our key markets in terms of filing activity and a review of our operations. I will conclude with commentary about our strategic focus for the current year and beyond. As always, we'll be very happy to answer questions at the end of the presentation. Moving to Slide four. Let me start with a recap about our business. Hopefully, many of you will have noticed the new branding for the presentation, which incorporates the new corporate identity for IPH. This new identity reflects the evolution of the IPH group and its ambitions. We are the leading IP services group in the Asia Pacific region, with the number one patent market position in Australia, New Zealand, and Singapore, and the number one trademark position in Australia and New Zealand. We operate six brands with over 900 employees, working throughout eight IP jurisdictions in Asia Pacific, servicing more than 25 countries across the region. We are very proud of our origins, but we're also excited about the future for the group, and our new identity represents the strong opportunity that the IPH group network presents. I'll talk more about our branding position later on in the presentation. Moving on to Slides five and six on highlights. For Slide six particularly, we have delivered a solid result for the first half. In a challenging market, including a stronger Australian dollar in the first half and the ongoing impact of COVID-19, we've delivered underlying earnings growth and increased returns to shareholders. Underlying EBITDA was up 2% to AUD 61.7 million, while we continued to generate very strong cash flow, with operating cash flow up 39%. This has enabled IPH to declare an interim dividend of AUD 0.14 per share, 50% franked, which is up 4% on the prior corresponding half. You've heard me say many times before that China and Hong Kong, particularly China, represent key growth markets for the group, and I'm pleased to report significant patent filing growth in both markets for the half. With patent filings into our Beijing office increasing by 18.1% and patent filings into our Hong Kong office increasing by 23.2%. A core part of our strategy, and has been from day one, has been successfully acquiring and integrating companies to deliver margin accretion. We've always understood margin. You'll recall that the acquisition of Xenith IP in August 2019 was our largest acquisition since our listing in 2014, and it's very pleasing to see how the successful integration of Xenith is adding value to the group. What that successful integration of the Xenith group of companies has meant is reflected in the delivery of AUD 15 million in underlying EBITDA for the half, compared to the AUD 19.7 million that Xenith delivered as a separate entity in its last full operating year. More specifically, the former Xenith business delivered an EBITDA margin of 27% for the half, which is up 35% from FY 2020. A terrific achievement. Synergies are being delivered in line with our expectation and strategy is increasing client referrals from acquired businesses to IPH entities, but particularly into IPH Asia. Once again, you can see how we're improving on that measure with new patent and trademark client referrals into IPH Asia business from our acquired companies. Of course, that's AJ Park and the Xenith group in particular. As I say, up 39% for the half. That's a strong endorsement of our acquisition strategy. Of course, during this period, our business, like many others, continued to weather some disruption due to the ongoing global pandemic. In this half, we again navigated operational challenges with the temporary closure of some IP offices in our small territory. Pleasingly, our ability to mobilize a remote workforce underpinned by our robust COVID response plans has allowed us to maintain client services remotely and ensure the health and well-being of our people throughout this period. In summary, I'll say again, IPH has delivered a very solid result, particularly in the circumstances applying during the half, and I'll hand over to John to talk through the financial results in more detail. Thank you, Andrew, and good morning, everyone. Our financial highlights reflect the group's performance in the COVID trading environment and must also be reviewed with an understanding of the foreign exchange impact. AUD in the six months averaged $ 0.723 versus $ 0.685 in the comparative period. We have previously advised that a $0.01 weakening of the US dollar equates to a $1.9 million reduction in service charge revenue. The strengthening of the AUD versus the SGD has had the impact of reducing the profits of our Singapore business when reported in AUD. The FX losses recorded in our P&L, i.e., those derived by banking receipts at a weaker rate than booked, are AUD 1.5 million greater than in the prior corresponding period. Both sides of this slide reflect these FX headwinds. In addition, the left-hand or statutory side reflects the increase in non-cash amortization of intangibles, which results from our acquisitions. Pleasingly, we have shown growth in all of our underlying headline financial metrics against the prior comparative period. Unpacking the result, the main contributors have been an additional one and a half months of acquisitive growth from the Xenith IP business, two and a half months of acquisitive growth from the Baldwins acquisition, and margin expansion, both the ANZ and Asian businesses. Particular feature of this has been a contribution from the former Xenith IP group of AUD 15 million. This has been achieved by the previously announced initiatives of corporate cost reduction, sale of the Glasshouse Advisory business, and the merger of the Griffith Hack and Watermark businesses. Those factors have assisted to deliver a group underlying EBITDA of AUD 61.7 million, up 2% on the prior comparative period. Underlying NPAT has grown by 3%, and the underlying diluted earnings per share has risen by 1% to AUD 0.174. I also highlight the interim dividend of AUD 0.14 per share. The dividend will be 50% franked, and the AUD 0.14 per share represents a 4% increase on the prior period. As the group has now utilized the franking credits obtained through the Xenith acquisition and received a tax refund in the current year, the franking level will likely revert to between 40% and 60% on an ongoing basis. The DRP will operate for the interim dividend. Moving on to slide nine and the like-for-like revenue and EBITDA. The like-for-like basis eliminates the impact of acquisitions and more importantly in this period, the foreign exchange impacts I discussed earlier. On a group-wide basis, revenue declined by 5%. However, EBITDA grew by 8% on a like-for-like basis. The new business column in the table removes from the half-year results the 1.5 months contribution of the Xenith business and 2.5 months from Baldwins. This is a representation of the corresponding period prior to IPH ownership and does not include additional contribution generated under our ownership. Andrew will reflect further on the Xenith IP Group acquisition and integration in later slides. The next two columns to the right show the FX impact on both the balance sheet and the P&L. The currency adjustment column reflects the comparative disadvantage of the stronger Australian dollar throughout the first half 2021. Like-for-like revenue reduced by 5%, including as a result of the challenges of COVID-19, as well as the integration of Griffith Hack and Watermark in Australia. While inbound new filings have a long lead time, filers do have the ability to delay the decision to file right up to the filing date, as well as the ability to temper their spend by filing in fewer countries than might be the case in more certain economic circumstances. Despite the revenue reduction, both regions have seen growth in EBITDA. ANZ through the margin expansion activities previously outlined, and Asia through increased filings in China, Hong Kong and Singapore. Some of these through the expansion of the network effect, i.e., those files referred from other IPH offices. Excluding the impact of foreign exchange on the revaluation of the U.S. dollar debt, the group has seen a net increase in corporate costs, sorry, a net decrease in corporate costs of AUD 1.1 million, reflecting the benefit of the elimination of the Xenith IP Group corporate costs offset by investment in the IT function, increased E&O insurance costs and compensation for new executive positions added during FY 2020. Moving on to slide 10, the underlying NPAT and EPS. Slide 10 shows the calculation of the underlying result, which is on a consistent basis with prior periods and reconciled these to the reported statutory half year 2021 results. The main adjustments to the statutory results in the current period include acquisition costs related to completed and potential acquisitions, restructuring costs related to the post-acquisition activities at the Xenith IP Group and Baldwins, and the cost of equity-based remuneration. Amortization of acquired intangibles has increased as a result of the two acquisitions mentioned. On an annualized basis, this non-cash expense will be AUD 21.8 million. The underlying effective tax rate is marginally lower at 26%, reflecting the utilization of the Xenith tax losses, leading to a subsequent refund, as I mentioned earlier. Moving to slide 11 and the cash flow statement. Cash conversion was particularly strong. The improved metric is a reflection of a collection of a large receivable related to a legal matter, a tax refund, as well as consistent underlying collections. Strong cash flows allowed for the repayment of AUD 32.7 million in borrowings in the period, reducing leverage to 0.6 x net debt to EBITDA. It also continues to support a high dividend payout, which is reflected in the payout ratio of the interim dividend, which is 85% of cash NPAT. Looking at the balance sheet on slide 12. The main movements relate to movements in AUD valuations as a result of FX fluctuations and the acquisition of Baldwins. Completion of the Baldwins transaction resulted in the issue of AUD 2.5 million worth of shares, and the acquisition accounting increased goodwill by AUD 2 million, recognized intangible assets of AUD 6.8 million with related deferred tax balances. As mentioned, strong cash flows allowed for the repayment of AUD 32.7 million in debt. Looking at the impact of foreign currency on slide 13. Based upon the U.S. dollar profile in the first half of 2021, an AUD 0.01 movement in the AUD/USD exchange rate equates to approximately AUD 1.9 million of revenue on an annualized basis. As USD costs are minimal, the majority of this reduction falls to the EBITDA line. As mentioned previously, our first half results came through at an average of approximately AUD 0.723 versus the comparative of AUD 0.685. The use of an average FX rate over the period actually understates this impact as our results are more heavily weighted to the second quarter when the U.S. dollar was weaker. The AUD has also strengthened against the Singapore dollar, reducing the reported profits of the Asian business in Australian dollars. I'll now hand back to Andrew to take a closer look at the business. Good. Thanks, John, very much for that. I'm moving to slide 14, market overview, and more specifically slide 15, the scale of IPH. Most of you will have seen this slide before, so I won't dwell on it, but I think it's important to put the overall scale of our group filings into some context. Our patent trademark filing activity extends beyond incoming filings into our local markets, those are primarily supplied, what I would call overseas applicants, particularly for those primary markets I talk about. We also file externally on behalf of what I call local clients, whether that be in Australia, New Zealand or Singapore. We do this all around the world, either directly through IPH entities as per the referrals mentioned earlier or via external agents. The IPH group is the largest filer of international PCT patent applications in Australia, which in turn have the potential to multiply as they generate their own family of applications around the world. Looking at the chart here, we've got the horizontal lines that show total patent market size of each of the Australian, Singapore and New Zealand markets, and the bar charts reflect IPH group filings. Annualized aggregate IPH group filings in all markets are more than the total combined markets of New Zealand and Singapore, and are indeed more than three-quarters of the entire Australian market. Why I say this scale is important is it mitigates the periodic fluctuations in filings in any individual market. Now, moving to slide 16, the Australian patent market, an update on that. As always, I'd make the point that IPH is not a business that should be measured on the six-month cycle. This is especially the case given the impact of COVID-19 during the half and of course, the integration of the Xenith businesses. Overall, the total Australian patent filings increased by 11% compared to the prior corresponding period. This includes innovation patent filings, which are due to be phased out in August this year. The overwhelming proportion of the increase in innovation filings were from Chinese and Indian applicants. I think it's probably a last gasp at getting in before this is shut off in August. Innovation patents, however, do not constitute a large part of the IPH group filings. Once these innovation filings are removed, total patent filings decreased by 0.5%, a decline of about 82 cases across the market on the prior corresponding period. IPH has maintained our number one position with combined group market share. It's including Baldwins on a pro forma basis of 36.8%. That's excluding Innov8. The trend is pleasing because you'll recall from my AGM statement in November that we reflected an 8% decline at the four-month period to October 31, and now we're sitting at 5.7. I think the direction is good going into the second half. We do not experience significant client losses during this period. IPH has the local market's largest exposure to U.S. based clients, and as expected, some of those clients filed less with the COVID-19 disruption, with IPH filings originating from U.S. clients down 1% for the period. As we've also outlined previously, the integration of Watermark in the Griffith Hack has caused some disruption to Griffith Hack during the half, and this is something we've seen before when we did similar integrations in Brisbane two or three years ago. Being largely Melbourne-based, these businesses are also more significantly impacted by the extended lockdowns during the second half of the calendar year. As the businesses are now fully integrated, we expect greater stability going forward. Looking to slide 17, moving to Singapore. We continue to be very well-positioned in this market with the ongoing benefit of our network effect. Preliminary data for CY 2020, calendar year 2020 indicates a market decline of 9% compared with CY 2019. Those of you who followed the story for a while know we always talk about preliminary data in Singapore as there's quite a lag between when we look at it, and it's not quite real time like it is in Australia. Moreover, in this case, it's very important to note that the Singapore market experienced very strong growth up to December 31, 2019, which reflected changes to the Singapore patent examination process, the closure of the so-called foreign route from January 1, 2020. That resulted in an influx of applications in December 2019, seeking examination under the old system. With this in mind, looking at data for year to date, November calendar year 2020 shows a total market increase of 3.3% compared to the corresponding period, market growing at 3.3%. For the same period, IPH increased by 5.7%. We're in good shape there, reflecting good organic growth. IPH market share increased from 22.5% in calendar year 2019, year to date November to 23% in calendar year 2020, year to date November. Notwithstanding the closure of this foreign route and the impact of COVID-19, IPH is holding, increasing its market share for the CY 2020 period, and we maintain a number one position in the market. Moving to slide 18, the Asian picture. We continued to leverage our network across the Asian region during the half. This is a key differentiator for the IPH group that provides scale and diversity across the region. As I've said earlier, one of the key highlights for the period is how we are successfully leveraging our network effect with an increase in client referrals from acquired companies to our IPH Asian hubs, whether it be Singapore or Hong Kong. Total new patent and trademark case referrals were up 39% for the period, again demonstrating the success of our acquisition integration strategy. As previously highlighted, with significant patent filing growth in the key growth jurisdictions of China and Hong Kong, up 18% and 23% respectively. As many of you will recall from the last few presentations I've given, our filing activity for the half compares with a very strong prior comparable period, where one significant client filed across several jurisdictions with numbers I'd never seen before. Removing the effect of this significant client filing activity on a like-for-like basis, we have seen total growth across these key jurisdictions of 5.3% in half year 2021 compared to half year 2020. When we compare first half 2021 against first half 2019, again, removing the significant client activity, we have seen nearly 30% growth across the key Asian jurisdictions. We're in good shape there. Slide 19, trademark market Australia. The overall trademark market in Australia increased by 20%, but a period of proportion of this growth was by 15% for the half. The increased trend towards self-filers is illustrated by a 30% increase in self-filed trademark applications from first half financial year 2020 to first half financial year 2021. Despite some disruption in the Griffith Hack business due to the impacts of the integration and the Melbourne lockdown, IPH remains the leading Australian trademark group by market share of the top 50 agents, with market share of 19.7%. Slide 20 is our trends slide. We've done this previously. I think it's important to look at the current market in historical context. We have seen some disruption, but generally, our market is generally stable. The recurring nature of our work continues to provide a steady income stream for the group. Over the past 25 years, disruptions to Australian patent filings have been fairly minimal. The so-called tech wreck in 2002, GFC, where the impact was felt in 2009 and 2010. There was a legislative slope change in the Raising the Bar Act in 2013, pulled the work out of 2014. Of course, the America Invents Act in 2013 that saw an influx in 2015, pulling work out of 2016. At the moment, we're not seeing any discernible impact to those long-term trends. As we've indicated previously, US PCT applications are a reliable indicator of future patent filings in the markets we serve. As you can see, these continue to be quite stable We are seeing strong growth in Chinese PCT applications, and China represents a significant opportunity for IPH in terms of those filings into and out of this jurisdiction. As you can see, there has been a significant upward trajectory with nearly 25% growth in China PCT applications over a 15-year period. Moving to operations, slides 21, 22, and particularly, integration and synergy capture in slide 22. We've now successfully completed the integration of Xenith IP into the IPH Group. The major initiatives relating to this over the past year were the integration of Watermark in Griffith Hack to create one firm operating under the Griffith Hack brand and through the divestment of the Glasshouse Advisory business. A major focus of our integration has been the removal of corporate costs, rightsizing the property footprint and staffing levels. The successful integration of Xenith has resulted in delivery of AUD 15 million in underlying EBITDA in the six-month period. That compares to AUD 19.7 million in its last full operating year as a separate entity. Griffith Hack and Watermark are now operating as one fully integrated firm under Griffith Hack, and we've appointed a new managing director with a renewed leadership team in place. We remain on track to deliver AUD 2 million in synergies from the combined entity FY 2021. The merged entity traded at an EBITDA margin of 28% in the period. This compares to a combined margin of 18% while operating as two separate entities. This is a terrific outcome. In New Zealand, AJ Park completed the acquisition of Baldwins on October 16, 2020. This acquisition has provided AJ Park with expanded IP team and a greater depth of IP expertise across a number of areas. We completed full physical and system integration in December 2020, that will lead to synergies in the areas of rental savings and rightsizing of the business. We remain on track to deliver an expected contribution of between AUD 2 million and AUD 2.5 million for the eight and a half month period to June 30, 2021. Slide 23. We continue to focus on attracting, motivating, developing, and retaining our people across the group. A key element of this strategy is providing opportunities for continued career advancement, we're pleased to be able to progress client-facing promotions for people in key parts of our business during the half. For example, we have made 10 principal appointments so far in FY 2021 and more than 40 principal appointments made since we listed in November 2014. We continue to invest in the future of the IP profession with 72 trainee attorneys across the group as of December 31, 2020. Now, some of you may have seen recent commentary in IP media about staff departures in the Australian business. This is not unexpected, and of course, reflects that there will always be a natural turnover in the profession, and also as a result of the integration process as we rightsize the business to generate operational synergies. Across the group, our voluntary staff turnover for all staff during the half was 8% of the total headcount. When we narrow this to voluntary attrition amongst IP professional staff to within the IP industry, this figure drops to 3%. A significant improvement compared to our previously reported figure for those of you who follow us for a while in FY 2018 rather, of 10%. This improvement reflects the significant efforts we are making across the group as part of our people strategy, including a centralized people team now in place across Asia Pacific. We are particularly focused on investing in our people to ensure that we have talent rather, to continue to deliver great outcomes for our clients. We're also implementing a number of initiatives across the business to make IPH the employer of choice. I'm very pleased with the progress we are making in this regard. We're also delighted to welcome Francis Gurry as a strategic advisor to IPH last October. Francis is one of the world's leading authorities on intellectual property matters, having served as director general of the World Intellectual Property Organization for 12 years until September last year. We will be able to draw upon Francis' unparalleled knowledge, insights, and experience in global IP matters for the benefit of our clients and our IP professionals across the group. Looking ahead in slides 24 and 25, particularly 25, the new brand. It's a good thing for us. As I mentioned earlier, we've launched a new brand that reflects the evolving nature of our business. Since our listing in 2014, we've undergone a period of rapid growth and change, and now we have the largest portfolio of IP service firms in the region. It's appropriate that our new corporate identity represents this evolution growth and focus on creating value for our shareholders by enabling our individual firms to work smarter, to enable growth opportunities for our people, and allow clients to secure IP protection seamlessly across the Asia Pacific region. We call it the network effect, and as you can see in these results, it works. Our new brand is a cornerstone for our renewed focus, and we hope in time it will come to represent the standard of quality in IP services globally. Slide 26. Leveraging this network effect is particularly important in the context of how we seek to achieve organic growth. Our network effect is more than simply referring clients. It's about leveraging the combined power of our member firms, finding smarter, more efficient ways to operate, and building greater capability and enhancing performance. We reviewed our marketing and business development activity to identify group opportunities for improvement across the group. We have commenced the recruitment of a chief commercial officer to support organic growth and to leverage the combined power of the IPH network. Looking ahead, let me conclude with some final comments about our progress and outlook. After a somewhat challenging period, IPH is emerging as a stronger group, ready to further leverage our network. We have demonstrated our ability to achieve business improvement from acquisitions and the right sizing of our acquired businesses has created a more efficient operating model. This provides the group with increased operational leverage down the P&L to further enhance margins as markets stabilize and recover. We maintain a very solid financial position with low gearing and strong cash generation. With respect to our WiseTime software business, which many of you recall is in the autonomous timekeeping space, we have seen strong sales growth over the half. We're aiming to continue to build this momentum as we go forward into the full year. We continue to progress growth opportunities in core secondary IP markets, notwithstanding the limitations of COVID. This concludes the results presentation. I would like to acknowledge the hard work and contribution of all our people across the group. Many thanks to all of you for your continued support and interest. Over to our moderator. Of course, as always, happy to take some questions. Thank you. If you wish to ask a question, please press star then one on your telephone and wait for your name to be announced. If you wish to cancel your request, please press star then two. If you are on a speakerphone, please pick up your handset to provide optimum sound quality. And to ensure everyone has the opportunity to ask a question, we kindly ask that you please limit yourself to one question at a time. Our first question today will come from Michael Peat with Goldman Sachs. Please go ahead. Hi, Andrew and John. Thanks for taking my question. Just on the market share in Australia, obviously down a little bit, 38.1%-36.8% on the slide there. Looking at slide 20, it's pretty obvious, obviously, the growth in China that's been pretty sustained for a long time. Do you think this is a case of You've mentioned the U.S. exposure there to clients coming in, U.S. clients inbound. Is this a case of sort of old world to new world? If so, what do you need to do, or how are you thinking about maybe capturing some of that China inbounds, if any? I know you've talked about how problematic they could be, potentially, some of them, with payments or whatever. Yeah, just interested in your thoughts on that shift that looks to be occurring. Thanks, Michael. That's an interesting observation, I think we are capturing some of that outgoing Chinese domestic work coming into international markets in a number of ways, not only in Australia, but internationally for us in the Asia Pacific region. That client I was referring to before is a Chinese domestic, although it does come to us out of a primary market instructions. We're capturing that in the context of the Asia Pacific. We're also capturing it in Australia now in that one of our business units acts for the largest patent filer in Australia at present, which is also a Chinese applicant. We are seeing that movement and we think we're well-placed in that. What we are, I guess, as part of that market share movement, a couple of things. The U.S. exposure is one, the integration is also part of it. This is what we saw before when we integrated the old Cullens and FAKC into Spruson in July 2018. There are some clients that don't make the transition, and that's part of the improvement in margin, to be frank. We're seeing the same thing in the integration of Watermark into Griffith Hack. That margin improvement is, in my view, fantastic. Sometimes it comes at a cost to market share if you can't monetize a client. We are happy to let that go to drive the margin. Great. Thank you. Our next question will come from Callum Sinclair with Macquarie. Please go ahead. Hi, guys. Maybe just a follow-up to that, just with the management changes, particularly Griffith Hack, just the renewal and if you expect improved underlying performance in the second half post that change and maybe the impact that we saw in the first half, just the difference between the disruption on Griffith Hack versus the Melbourne exposures? Look, I think, Callum, it's a good observation. I would say at the very outset, I'm very happy with where Griffith Hack is. I'm very happy with the position of Griffith Hack, and I think we're primed for growth there. We did have disruption in the integration of Watermark and the Griffith, no question. We did it in the middle of a global pandemic. We had to even do it virtually. It wasn't completed until early June, and really, we only ever had 25% until just recently. It all goes up and down, as we all know, in the office in Melbourne. It has been a challenge. With that as well, the Griffith Hack business was probably more exposed to local domestic clients in their client base than any of our business units. Which of course is a Victorian client base predominantly. Not all, there was also offices in Western Australia and Sydney and Brisbane, but the larger proportion of it is in Melbourne, which has had their own challenges for that domestic client base. I like where it is. The new leadership is good. We've got the margin heading in the right direction. The combined firm has got to move from that 18% margin operating by just combining the margins of the two single businesses. We now have a combined margin of 28%, so it's heading very much in the right direction. The EBITDA underlying of that center of business to go from AUD 15 million or AUD 19.7 million for the year, and we've done AUD 15 million for the six months. I mean, that's a terrific run rate. I think it's absolutely primed for growth. Thanks. Can I just slip one additional question in on the same topic, just around client behavior, and if you can give examples of where clients may have delayed or saved costs during the period, and if that sort of represents catch-up or pent-up volumes, whatever you want to refer to it as in calendar year 2021? Yeah. It doesn't really run like that in patents in that for international clients, well, in fact, everything in patents runs on dates. You can't really use financial considerations to delay the national phase entry date to file into Australia as an overseas applicant coming into Australia. In some ways that's passed. Although you can delay your instructions until closer to the deadline date and scenarios like that. We do see a bit of that. Domestically, we'd probably see scenarios where people may just hold off on filing that first application or preparing the patent specification or filing the trademark, whatever the case may be. Really the show goes on in patents, and that's what generates that recurring nature of our revenue. Thanks. I better jump back in the queue. Thanks, guys. Okay. Once again, if you'd like to ask a question, please press star then one. Our next question will come from Sam Haddad with Bell Potter. Please go ahead. Hi, John. Hi, Andrew. Congratulations on the resilient result and particularly the margin uplift in FIP. Thanks, Sam. Nice to hear from you. Yeah. I'll probably ask the obvious question. An update on acquisition prospects in new secondary markets and discussions there? I knew you'd come on. Someone would have to ask that question. I've got my general counsel here telling me to calm down. No, we're in good shape, Sam. It's not as easy as it might've been when you can get around on an airplane, but I can tell you I'm pretty good on the Teams calls now. We like where we're going there and you'll be the first to know. Okay. You're happy to complete on acquisitions without international flying? Yeah. We know these opportunities very well, Sam. We've known some of these firms who have shared heritage with the Spruson & Ferguson and Griffith Hack of the world for 50, 60, 70+ years. We know these businesses well. We're very confident about our ability to execute. You'll recall that we did one in the middle of all this pandemonium. Baldwins was executed in the middle of COVID-19. We can do it because we know the businesses. Excellent. Thanks for that. Our next question will come from Michael Peat with Goldman Sachs. Please go ahead. Yeah, thanks, Andrew. Just to follow up. Obviously a big turnaround there by the end of this first half in the filing numbers, - 8% at AGM, - 5% by the end of the half. Just interested in any color you can provide to, has that momentum continued into the second half? Look, yeah. January's always a funny old month in this business, but we have not seen any significant decline in where that direction's heading. I'm very happy with the direction that we're seeing. As I say, we're uniquely placed now, Griffith Hack in the right space. We're primed to really grab hold of any of that top-line growth that we can get with the filing improvements. I'm quietly confident we're heading in the right direction now. Great. Thank you. There are no further questions at this time. I'd like to hand the conference back over to Andrew Blattman for any closing remarks. Well, thanks, Carl. I think I'm pretty much about to expire, so we've done pretty well here. Thank you as always for your interest, everyone, and your support of IPH. It's been a challenging half, but I'm very proud of what we've achieved in getting to where we've got to. As I say, I think we're primed to go forward. Thanks very much. That does conclude our conference for today. Thank you for your participation, and at this time you may now disconnect.