Old School. I first wish to acknowledge and pay respect to the traditional custodians of the lands on which we operate, live, and gather. We would also like to recognise our continued connection with country and culture and pay respect to elders past, present, and emerging. This year, the headwinds that we have discussed in prior years continued. However, we observed some easing, specifically in the latter months of the half. Despite some challenges, the company delivered revenue of AUD 287.9 million, which is a growth of 4.1% on the prior corresponding period, being the first half of FY2024. Revenue was underpinned by Silk's national integrated service offering, growth in our Port Logistics segment, and Secon's bulk logistics offering. We delivered an increase to underlying EBITDA to AUD 47.9 million and achieved underlying EBIT of AUD 15.6 million. Both underlying EBITDA and EBIT for the first half were negatively impacted by material, non-reoccurring items totaling approximately AUD 1.8 million, alongside higher D&A charges. Whilst underlying EBIT was lower than the first half of FY2024, the business showed resilience in adapting to the changing environment. Silk's business model continued to demonstrate resilience in the face of external and global conditions, and our customer base remains strong and diverse. We finished the first half with a reduction in underlying finance expense from AUD 7.6 million in the prior corresponding period to AUD 2.4 million. We've ended the period with a resilient balance sheet with cash reserves of AUD 22.3 million. Our net asset value for the half was AUD 79.4 million. The Silk business continues to generate cash, and the period saw strong cash generation with cash to underlying EBITDA of 87.9% pre-CapEx. Snapshot of our operations. Operationally, we continue to focus on driving efficiencies and delivering a time-certain approach to our national customer base. Our container hard stand area reduced by 18% to 295,000 sq m as a result of optimizing our port logistics property portfolio. This included rationalizing sites in Victoria. The total warehouse area marginally decreased by 0.4% to 492,000 sq m. Our port logistics segment has a healthy mix of import and export container volumes. Strong export volumes, however, through our agricultural customers has cushioned the impact of lower import volumes. The industry-wide inventory transition from just-in-case to just-in-time stock holding levels stabilized during the December half, and subsequently, the group has observed improving warehouse utilization levels and steady volumes through the port logistics business. Average warehouse occupancy levels decreased to 71.7% due to Kenwick II's inclusion for the half-year reporting period. However, if we exclude Kenwick II, warehousing occupancy overall increased to 79.9%, which is a most pleasing improvement on the prior corresponding period and is heading towards our targeted 85%. We continue to prioritize safety in all we do. Over the last 12 months, we've maintained our commitment to safety with our lost time injury frequency rate at an industry-leading 0.6. The success of our business is because of the values we impart in our business. This year, we increased our total workforce by 6.2% to 1,919 team members, and we continue to diversify our workforce. Key achievements. Our commitment to our customers and ability to adhere to service levels and the time-certain approach has underpinned our growth. Pleasingly, this was demonstrated by annualized new business wins of AUD 31 million. Importantly, contracted recurring revenue grew to AUD 405.7 million, and 87% of warehouse revenue comes from contracted customers. As we work towards our growth targets, a key area to achieve efficiencies is via our technology. This half, we implemented a new 4PL distribution IT solution. This is expected to improve carrier partner management, and we are currently in the process of transitioning customers to this new platform. Our sales pipeline continues to present strong development opportunities. Silk's ability to retain and secure new customers is supported by our national network of operations, which more recently has been reinforced through the acquisition of Secon. The addition of Secon broadened out Silk's national integrated port-to-door capabilities with the complementary addition of a bulk container logistics offering and bulk bonded warehouse services. Over the half, we continue to invest in the Secon offering, and pleasingly, this segment of the business continues to yield results, delivering AUD 3.9 million in new contracted business wins. We continue to develop our ESG roadmap. During the half, we progressed towards our alternative fuel targets by signing a non-binding agreement to participate in an electric vehicle trial in Victoria. Across Victoria, we began optimizing and harmonizing our footprint in the state. Additionally, we commenced negotiations on a new facility that will increase our capacity in southeast Melbourne, which will also have the added benefit of reducing emissions. As part of our waste and recycling efforts, we completed a waste tender where we are looking to engage suppliers to proactively decrease landfill diversions and set recycling targets across the network. As we grow the Silk business, we remain focused on progressing this important part of our strategy and staying abreast of innovation. We continue to implement working groups across all segments of the business to drive awareness of our ESG program and build on emission reductions. I'll now pass to James to provide a more detailed update on the half-year financials. Thank you, James. Thank you, John. The first half of FY25 reinforced the ongoing resilience and agility of Silk's operating model during a period of mixed but improving conditions. This FY25 interim reporting period was a demonstration of our sustainable performance, which delivered the following key results. Revenue at AUD 287.9 million was up 4.1% on PCP. Underlying EBITDA at AUD 47.9 million was 0.4% up on PCP, with underlying EBITDA margin at 16.6%. The underlying EBITDA and EBITDA margin was impacted by non-recurring items totaling approximately AUD 1.8 million during the current period. These related to an additional specific bad debt provision, customer claim provision, and IT system-related costs. Underlying EBIT at AUD 15.6 million was down from AUD 18.2 million in the PCP. This was primarily due to the non-recurring items mentioned earlier, higher depreciation charges associated with either new or renewed leases entered into since the PCP, including Kenwick II, and the full run rate of depreciation associated with leases and assets from the acquisition of Secon partway through the PCP. The aforementioned items, together with additional interest from lease accounting, in turn contributed to underlying NPAT and EPS also being down on PCP. We closed the period with a strong cash balance of AUD 22.3 million. Turning to slide nine, here we present a reconciliation of statutory to underlying earnings for the period. The key reconciliation items during the period relate to restructure costs within the group, including scheme costs, depreciation, amortization, and interest on fair value of acquired assets and liabilities associated with the purchase of Secon, and deferred consideration adjustment for the Secon acquisition. Turning to slide ten and our segment results. Firstly, port logistics. Revenue growth was AUD 15.1 million, or 8.6% versus PCP. This consisted of AUD 11.9 million from the additional two-month contribution from Secon compared to the PCP, and organic revenues up by AUD 3.2 million. Our acquisition of Secon in September 2023 continues to deliver advancement in the group's national integrated port-to-door service offer by further expanding our bulk logistics capability and providing bonded warehousing services. billed container volumes decreased slightly by 1.3% versus PCP, but we remain focused on value over volume, exiting lower-yield customers to focus on customers seeking long-term relationships, securing new sustainable revenues, reducing congestion and restoring operating efficiencies, and improving safety across all our sites. Average revenue per container increased to AUD 1,189 from AUD 1,080 in the PCP, including Secon, through the aforementioned measures. Looking now at Contract Logistics, our Contract Logistics segment delivered solid revenues of AUD 97.6 million in a challenging environment that were down on the PCP by 3.7%, despite warehouse utilisation being down 5.7 percentage points and billed consignments being down on PCP. EBITDA margin contracted slightly to 22.1% from 24.2% in the PCP. However, we have seen an improvement from second half FY2024 EBITDA margin, which was 21.7%. At an EBIT level, the margin compression was primarily due to some of the non-recurring costs mentioned earlier and higher depreciation charges associated with new leases entered into since the PCP. Revenue in Contract Logistics were down AUD 3.8 million, comprised of warehousing being up by AUD 0.2 million, offset by distribution down AUD 4 million. Our Silk's leased warehouse average capacity increased to 259,900 pallet spaces from 242,000 spaces in H1 FY2024 as we continued to manage our operating footprint and integrated Kenwick II into our network. Leased warehouse occupancy averaged 71.7% in the current period versus 77.4% in the PCP. In the current period, we have seen improved occupancy ending the period at 77.2%, even after factoring in a full reporting period of Kenwick II's inclusion. Turning to slide eleven, we maintained revenues despite lower volumes during the period. Our revenue growth is comprised of both organic and inorganic sources. Non-organic revenue was AUD 11.9 million from an additional two-month contribution from Secon during the period versus the PCP. Secon is continuing to perform ahead of expectations and will be a key lever of future growth for the group. Organic revenue was up AUD 3.2 million in port logistics and down AUD 3.8 million in Contract Logistics on PCP, primarily due to the volume trends in each segment noted earlier and an increase in revenue per container. Our cost recovery and yield management program across warehousing and transport customers also remains disciplined, well communicated, and timely. Turning to slide twelve, we closed the period in a healthy position with cash of AUD 22.3 million and borrowings at AUD 47.1 million. Finance leases were AUD 7.8 million, and there were bank guarantees on issue of AUD 19.5 million. Therefore, our net debt per the balance sheet measured as borrowings and finance leases less cash was AUD 32.6 million. Corporate debt decreased by AUD 3.8 million to AUD 44.7 million in the period. Our net and gross leverage ratios are 2.3x and 3.1x respectively, and debt serviceability is well within our banking covenants. We continue to maintain discipline with working capital, and it remains a focus for the group. Turning to slide thirteen and cash flow. Cash generation measured as free cash flow as a percentage of EBITDA less lease payments after CapEx was 51%, which was lower than the PCP primarily due to increased lease payments from renegotiated tenancy agreements, Kenwick II, and higher CapEx. Underlying free cash flow pre-CapEx was 87.9%. Working capital continues to be well managed and focused with proactive management of debtor and creditor terms. Our retail customer exposure remains low as a percentage of our total portfolio. CapEx was higher this year on PCP and is prudently managed to ensure it drives improved safety outcomes and incremental returns in line with our asset-right CapEx funding strategy. I will now pass you back to John. Thank you, James. Scheme update. On 11 November 2024, Silk announced that it had entered into a scheme implementation deed with DP World Australia for the acquisition of 100% of the issued share capital of Silk Logistics. Under the terms of the SID, shareholders of the company will receive a cash consideration of AUD 2.14 per Silk share less any dividends declared or paid prior to the implementation of the scheme, noting that no interim dividend has been declared in respect of the half-year ending 29 December 2024. The company has made an announcement today regarding the revised indicative timeline contained in the scheme booklet, which now anticipates an adjournment of the scheme meeting, which will take place on Friday, 28 March 2025, subject to Silk obtaining the necessary court orders. I'll now pass back to Mel for any questions. Thanks, Soodi. A reminder, if you have any questions, you can type it in the Q&A function at the bottom of the screen. Soodi, we haven't received any questions today, so I might hand back to you for final comments. If anyone has any questions, feel free to email me post the webinar. Thank you, Mel, and thank you for all of those online joining us today. That's a summary of our half-year results and an update in terms of the scheme implementation deed. Any further questions, please email Mel, and we'll anticipate to answer them as quickly as possible. I wish you all the very best. Take care. Thank you, Mel. Thank you all.
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