Good morning, everyone, and welcome to Hyve's Full-Y ear Results Presentation. My name is Marina Calero, and I'm Group Head of Investor Relations. Before we proceed, I'd like to draw your attention to the appropriate disclaimer that goes with any of the forward-looking statements, which is at the front of the slide deck. I'm joined here today by our CEO, Mark Shashoua, and by John Gulliver, Chief Finance and Operations Officer. As usual, Mark will take you through the business performance of the group, and John will cover the financials. We will then open up for questions. Without further ado, I shall pass you on to Mark. Thank you, Marina. Good morning, everyone. This has been a landmark year for Hyve. We have successfully continued the ambitious transformation of the business, which we started in 2017. Our aim today is to explain that transformation as this is a completely different business from the one that I joined at the end of 2016. Before I go into the financial results, I'd like to take time to reflect on the journey we've been on for the last five years. In 2017, we set out to solve three material issues. First, to address three years of decline following Russia annexing Crimea. Revenue declined in that period, yet margins increased as a result of significant cost reduction, so the business was starved of investment. It was also decentralized with no best practice to improve efficiency and performance. Second, the trend since the 2008 financial crisis was that marketing spend gravitated towards market-leading events to the detriment of smaller, less relevant events as customers increasingly focused on ROI. Third, geopolitically, there had been growing volatility across emerging markets, which meant that we needed to rebalance the portfolio towards advanced economies in order to build improving sustainable return for shareholders. COVID-19 and geopolitical uncertainties over the last two years have only accelerated these trends. We have summarized our journey in this short video. 2022 has been a landmark year for us, a year where we draw a line in the sand on the past. Hyve is now unrecognizable in comparison to just five years ago. In 2017, we outlined a new direction for the group, where we would focus only on market-leading events, moving towards advanced economies. The transformation and growth program was launched to enable this. At that time, Hyve, then ITE Group, ran 269 in-person events, of which approximately 90% were based in emerging markets. By the end of that program in 2019, we had halved our events portfolio while tripling average revenue per event and expanded our presence in advanced economies to around 45%. In the last three years, we have continued to proactively move away from emerging markets, exiting Central Asia, Russia, Ukraine, Turkey, APAC, and Indonesia while focusing on building a portfolio of global market-leading brands in fast-growing sectors, supported by a number of acquisitions, including Shoptalk and Groceryshop. Over the past 18 months, we began to evolve our omni-channel strategy and to enhance our portfolio with tech-enabled products accelerated through the acquisitions of Retail Meetup, One2One Group, and Fintech Meetup. At the end of FY 2022, our de-risked portfolio of 33 market-leading in-person events and 14 tech-enabled products is now nearly 95% rooted in advanced economies. In that time, the average revenue per event has increased almost eightfold. Looking ahead, classifying our events based on their geography becomes less relevant. Our categorization from 2022 is refocused towards sectors split into three divisions. RetailTech & FinTech, EdTech & Natural Resources, and Retail, Manufacturing & Engineering. With Asia remaining as the only geography-based division. At the same time, our revenue mix has a growing contribution from tech-enabled programs, which will continue to grow as we roll out full-scale meeting programs for 2023. Today, Hyve is a completely different business. The historic comparatives of financial performance to pre-COVID-19 are no longer relevant. As we move into 2023, the business is well positioned for growth and to deliver sustainable long-term value. Hyve today is certainly unrecognizable from five years ago. We have been relentless in building a portfolio of high-quality market-leading events based on a centralized operating model of best practice. We've also been relentlessly adapting and evolving our business through the challenges of COVID-19 and the war in Ukraine to accelerate our transformation. I want to recognize the exceptional talent across every part of the group, without which this simply could not have been done. By addressing the trends I mentioned earlier, we have effectively future-proofed the business. The actions we have taken are bearing fruit, and our FY 2022 performance materially outperformed the industry. During the first quarter of our financial year, we saw the emergence of the Omicron variant, which resulted in Africa Oil Week being moved to Dubai, Chinese shows being canceled, and Bett being moved from January to March with constrained space availability. This was then compounded by the Russian invasion of Ukraine in February. All markets are now open apart from China, which until recently has pursued a zero-COVID policy. There have been some recent relaxations, China remains unpredictable, with cities opening and closing depending on their approach. Despite these headwinds, we delivered very strong trading. Excluding China, second half revenue recovered to 110% of 2019 pre-COVID levels, and revenue recovery was 90% for the full- year. We ran 29 in-person events and 14 tech-enabled products, delivering GBP 122 million in revenue, up from GBP 22 million last year. We returned to headline EBITDA profit with less reliance on insurance. After strong cash generation, we finished the year at the lower end of our net debt guidance while completing two value-creating acquisitions, One2One Group and Fintech Meetup. I'm also very proud of the team for successfully refinancing the business and ensuring financial security for the years ahead. During the year, we continued to transform our portfolio. It was a painful but necessary decision to exit both Russia and then Ukraine after the start of the war. Since then, we have further refocused the group on advanced economies by exiting Indonesia and Turkey. In doing so, we have created value for shareholders by realizing proceeds or limiting losses while also securing the right future for the people in these businesses. We further advanced our omni-channel strategy with two new acquisitions, One2One Group and Fintech Meetup. Fintech Meetup allowed us to enter a new and rapidly growing sector. We also trialed tech-enabled meeting programs at some of our market-leading events in order to roll them out in FY 2023. We continued to expand our portfolio with product extensions, which I'll talk about later. I regularly share this data with you as it clearly demonstrates the resilience of our market-leading events and the benefits of our transformation program. The momentum in our post-pandemic recovery accelerated in FY 2022, supported by the easing of COVID-19 related restrictions and the return of international travel, with the exception of China. Our customers continue to prioritize market-leading events, and we are benefiting from our strengthened portfolio. Customers are returning with a higher allocation of marketing budgets, which resulted in like-for-like customer spend in FY 2022, increasing 14.2% from previous editions. The quality of our events resulted in high levels of satisfaction from both visitors and exhibitors, demonstrated by NPS scores that are significantly above the industry average. As we delivered an almost full recovery of revenue ahead of the industry at large, we are well-placed to grow the business in the coming year. Strong momentum and forward bookings from the second half of FY 2022 continues into FY 2023, John's gonna expand on this later. I wanted to pick up an important point here. FY 2023 is shaping up to be the third year of double-digit, like-for-like growth in customer spend. This is a definitive trend now, not pent-up demand. It shows that even when the environment is tough, people opt for the market-leading events. I'd like to give two examples from different sectors and different geographies, Groceryshop in the U.S. and Breakbulk in Europe. Both performed exceptionally well and delivered double-digit increases in customer spend compared to their previous editions. Whilst our in-person events delivered a strong performance in 2022, we continued to grow our omni-channel offering across the portfolio, both organically through trials of tech-enabled meeting programs and through M&A. Based on clear demand from customers at these trials, we are now launching full-scale meeting programs in 2023 across a large part of our portfolio, including Shoptalk Europe, Autumn Fair, CWIEME, and Bett, which will be followed by Spring Fair in 2024. I'm very encouraged to see that tech-enabled products already represent 14% of our FY 2022 revenue mix, and this should increase as we roll out a full-scale meetings program in FY 2023. Our two strategic acquisitions, One2One Group and Fintech Meetup, are delivering excellent results, which I'll talk about more on the next slide. One2One Group was acquired in November 2021. As a reminder, One2One Group is a specialist global omni-channel meetings provider that also complements our in-person event, Mining Indaba. Since its acquisition, the number of meeting programs run by the One2One team has doubled, delivering an increase in revenue of more than 50% compared to the 12 months before acquisition. One2One's latest event, held in London just a few weeks ago, was their largest ever, including 157 miners and 560 investors with approximately 2,500 meetings, an increase of 75% on their previous London event held just seven months ago. Fintech Meetup, which we acquired in March this year, is the online tech-enabled meetings platform for the U.S. fintech sector. The acquisition has allowed us to enter a new, rapidly growing sector. Revenues from its first digital-only edition under Hyve ownership more than doubled from 2021. The event attracted almost 10% more participants and delivered over 25,000 meetings, an increase of more than 30% on the previous launch edition. In addition to developing our omnichannel offering, we also drove significant organic growth through launching geo-cloning events and new product extensions. These include Shoptalk Europe, a dedicated e-commerce retail event for the European market. Ahead by Bett, an event focused on higher education, which ran alongside our main EdTech event, Bett. Green Energy Africa, which addresses the energy transition, and was held alongside Africa Oil Week in October, just after the year-end. In addition, we announced the launch of an in-person event for Fintech Meetup in response to customer demand, which will be held in March of next year in Las Vegas, and is intended as a kickoff event for the industry with a groundbreaking tech-enabled meetings program at its center. In 2023, we are also launching an international sourcing subsector within Spring Fair, Autumn Fair, and Pure, bringing together key retailers and suppliers and helping retailers manage supply chain disruption by diversifying and accessing new suppliers. I'm also pleased to say that we have made very good progress in 2022 embedding our environmental, social, and governance strategy throughout Hyve. We now comprehensively track our Scope 1 and 2 carbon emissions, and for the first time have calculated the average carbon footprint of an attendee at one of our events. We want to inspire change both inside and outside our company, so all of our employees have one personal objective aligned to our strategy, and we have started to roll out Carbon Literacy Project accredited training for them to deepen their understanding. We also carried out a diversity and inclusion audit, added an inclusion module to our employee engagement survey, and launched Pride, our first employee group to support LGBTQ plus colleagues. In order to empower local communities, we have set aside 0.5% of our headline PBT in FY 2022 to invest in community projects throughout FY 2023. With that, I'll now hand you over to John. Thank you, Mark. Good morning, everyone. As you just heard, FY 2022 has been a year of strong recovery, and this is reflected in our financial performance. The results I'll take you through today, including the comparatives, are for continuing operations. This excludes Russia, Ukraine, and Turkey. Revenue grew to GBP 122 million, an increase of GBP 100 million on last year. Despite running no Chinese events, revenue recovery for the full year was 85% of pre-COVID levels, and for the second half it was 100% as momentum grew during the year. In other words, combined second half revenues, even with no revenue from China, were greater than the same period in 2019. As Mark said earlier, excluding China, the level of recovery was 90% for the full- year. I should clarify that this recovery is across a like-for-like portfolio of events compared to its last pre-COVID performance. This excludes events we have sold since 2019. For the portfolio we have today, pro forma 2019 revenues would be GBP 145 million. We are reporting a return to EBITDA profit of GBP 4 million, driven by a GBP 40 million improvement in trading, excluding insurance proceeds. We received GBP 19 million of proceeds in FY 2022, which is significantly lower than the GBP 65 million in the prior year. I'm pleased to say that net debt at the year-end was GBP 71 million, at the lower end of our guidance. Post year-end, we refinanced our debt with a new GBP 115 million term loan committed until October 2026 and a GBP 20 million revolving credit facility. Our previous facilities were due to mature in December next year. We have also been busy with M&A activity. The acquisitions of One2One Group and Fintech Meetup completed in the first half, followed by the disposal of Russia and Ukraine in the second half, and then Turkey post year-end. This has changed the group's revenue profile significantly as we'll see on the next slide. We are now much less geographically focused. Our three product-focused portfolios contributed 95% of group revenues. EdTech & Natural Resources, Retail, Manufacturing & Engineering, and RetailTech & FinTech. Asia represents the remaining 5% of revenues, albeit smaller than a normal year as there was no contribution from China. As Mark mentioned, this is a significant transformation from a few years ago. Assuming we run a normal schedule where events run at their usual time, about 50% of our revenue is now generated in the second quarter of our financial year, which includes some of our largest events such as Shoptalk, Spring Fair, Mining Indaba, and Bett. The group's omnichannel strategy is also delivering. Tech-enabled revenues increased to 14% of the total. For the first time since FY 2019, we were able to run a complete schedule of events with the exception of China. We experienced some disruption in the first half as a result of the Omicron variant. This led to the postponement of Bett, Mining Indaba, and Paperex. All were able to take place later in the year. In total, we ran 28 in-person events, excluding one ABEC event in October before its disposal, compared to 12 events in the prior year. We also ran 14 tech-enabled programs compared to just four in FY 2021, which shows the evolution of our omni-channel strategy. Looking at revenue, you can see the speed and extent of recovery for each six-month period, increasing from GBP 16 million in the second half of FY 2021, a 14% recovery, to GBP 55 million in the first half of FY22, a 70% recovery. Most recently to GBP 67 million in the second half, a 100% recovery. GBP 67 million is higher than in any previous six-month period, even pre-COVID, thanks to a full recovery as well as postponements from the first half to the second. There are a number of individual events where further recovery is still expected, which will contribute to organic growth in FY 2023. Turning now to the profit bridge. Headline profit before tax was slightly lower than FY 2021 at GBP 11.5 million. As a result of strong recovery across the event portfolio, the year-on-year trading improvement is over GBP 43 million. This has materially reduced our reliance on cancellation insurance proceeds. As I mentioned, we received GBP 19.3 million compared to GBP 65 million in FY 2021. This takes successful claims to a GBP 106.3 million, representing 95% of our total insurance cover across FY 2020 and 2021. Turning now to net debt. We started the year with net debt of just under GBP 80 million and ended the year with an improved position of GBP 71 million. Free cash flow for the year was GBP 18 million, with GBP 12.6 million from operations, plus the insurance proceeds I just mentioned, partly offset by interest, tax, capital expenditure, and lease payments. We had a net cash outflow of GBP 38.7 million as a result of acquisitions and disposals. This was partly funded by an equity placement of GBP 28 million for the upfront payment for One2One Group. Other movements of GBP 2.6 million are mainly related to foreign exchange differences, and we held GBP 1.5 million of cash in Turkey at the year-end, which is excluded from our adjusted net debt. In October, we refinanced our debt with a GBP 115 million term loan and GBP 20 million revolving credit facility, which is currently undrawn. We have done this in order to remove any future uncertainty. This provides sufficient liquidity for the next four years. Comfortably covers future earn-out payments between FY 2023 and 2025 for the One2One and Fintech Meetup acquisitions. The interest payable on the term loan is 7.75%, plus SONIA, which reflects the increased cost of borrowing. As we reported in October, the annual interest cost has increased from about GBP 8 million to GBP 13 million, and this will be covered in FY 2023 by higher than expected operating profit. There are no scheduled amortization repayments, as the facility is repayable in full at maturity in October 2026. We will simply pay interest until then. The new agreement also provides additional covenant flexibility. We have a minimum liquidity covenant of GBP 21 million in place until August 2023, before a quarterly leverage ratio test is introduced in September. I am pleased that we have managed to complete the refinancing in a challenging market, and have achieved the financial security and operational flexibility to support our growth plans moving forwards. I'd now like to look ahead to our outlook. As we look forward, we are focusing on three financial priorities. First, to deliver strong organic growth. Second, to further monetize the group's omni-channel strategy. Third, we plan to deleverage with a net debt- to- EBITDA ratio target of between one and two times. Our current portfolio has significant organic growth potential. We expect to be able to scale these events and deliver significant profit growth. This will, in time, result in a return to normalized operating profit margins. The revenue potential of the portfolio can be realized through a number of growth drivers, the remaining recovery from COVID, delivering the growth plans for Fintech Meetup and One2One Group, which Mark mentioned earlier, new launches, in particular by geo-cloning existing brands, and the expansion of omni-channel. Our omni-channel strategy is already delivering incremental revenue streams. For example, through the tech-enabled meetings programs currently being rolled out. As well as creating new revenue streams, we expect omni-channel to have a positive impact on existing revenue, in particular by increasing retention rates as customers get a higher return on their investment. Omni-channel also has the potential to deliver higher margins when at scale. Ultimately, this is all expected to improve our quality of earnings and create a more valuable business. We also see a clear path to deleveraging, which I'll talk more about on the next slide. We see deleveraging towards our midterm target of 1x to 2x as an important priority. This will accelerate once earn-out payments for acquisitions are completed. You can see here the trajectory of leverage reduction. We expect to be free cash flow positive this year, absorbing debt costs and the impact of China, before earn-out payments for One2One Group. With Sinostar's Chinacoat event now postponed, we will not receive a dividend until FY 2024. As customer collections have been rolled over from canceled events, there will be minimal cash inflows from China in FY 2023, even if events do take place. The resulting impact on net debt is about GBP 10 million. China is affecting our ability to reduce debt in FY 2023. Beyond FY 2023, we see a clear path to deleveraging and expect a net debt- to- EBITDA ratio of around 2 x by the end of FY 2024. When earn-out payments for One2One Group and Fintech Meetup are completed, deleveraging will accelerate. Turning now to forward bookings. The strong momentum in the second half of FY 2022 has continued into FY 2023. Bookings this year have already reached GBP 98 million, more than GBP 30 million ahead of this time last year, for the same portfolio of events. As Mark mentioned earlier, this includes the positive impact of a 14.8% increase in customer like-for-like spend. This is up over 40% year-on-year and gives us confidence in the outlook, which I'll turn to on the next slide. Our forward bookings imply revenue growth for FY 2023 of 25%-40%, depending on events in China. This would represent another year of considerable growth, which is impressive, especially taking into account the macro headwinds. While FY 2022 was all about recovery post-COVID, expected growth in FY 2023 comes mainly from three areas. First, there is further recovery potential in the portfolio, especially in first-half events, which last year were impacted by Omicron or took place shortly after restrictions were lifted. Second, based on our latest booking trajectories and trends in the second half last year, there is significant potential for some events to outgrow their pre-pandemic levels. Third, we have new growth plans. The launch of a Fintech Meetup in-person event in Las Vegas in March 2023 is well underway, and the rollout of full-scale tech-enabled meetings programs will also bring new revenue streams. We expect net debt to be in the range of GBP 80 million-GBP 90 million, taking into account the GBP 10 million impact from China I mentioned earlier. As we look ahead, we are optimistic about our future performance. In the medium term, we believe we have the potential to deliver a portfolio with over GBP 250 million of revenue, more than double the size of FY 2022, through a combination of ongoing high single-digit revenue growth and levers such as new launches and the expansion of omnichannel. We have longer-term operating profit margin aspirations of 30%, and we expect a net debt ratio of 1x to 2x EBITDA in the medium term following our final earn-out payments. To summarize, FY 2022 has been a year of strong recovery after the pandemic, and we are well-placed to deliver another year of good revenue and profit growth in FY 2023. Our new debt facilities provide us with balance sheet security, and we have a clear path to deleverage. Importantly, over the medium term, we see significant opportunity to build a larger business with high-quality earnings, creating value for shareholders. Thank you very much. I'll now hand back to Mark. Thank you, John. In summary, FY 2022 has been a landmark year. We have successfully continued our ambitious structural transformation. Let me stress once again, we are a different business from just five years ago. We have a smaller portfolio of higher quality market-leading events, with 95% of revenues coming from advanced economies. Our numbers today show the tangible results of that refocused portfolio. The business performed strongly, with 110% revenue recovery in the second half and 90% for the full year, excluding China. Whilst China remains unpredictable, once events are allowed to take place there, we expect them to recover very quickly. Net debt is at the lower end of guidance, despite the acquisitions we made during the year, and we have ensured financial security through refinancing with a clear path to deleverage. Our relentless focus on market-leading events, our cash generative business model, and our strong forward bookings gives us good visibility of future earnings. As we enter 2023, we remain confident that the business is well-positioned for growth and to deliver sustainable long-term value for all of our stakeholders. Thank you all very much. I will be happy to take your questions now. As you do come and make your questions, if you could tell us your name and your organization before you ask the question. Thank you very much. Ladies and gentlemen, to ask a question, please signal by pressing star one on your telephone keypad. Please make sure the mute function on your phone is switched off to allow the signal to reach our equipment. Again, just press star one to ask a question. First question comes from Steve Liechti from Numis. Please go ahead. Yeah, morning, everybody. As your man said, it's Steve Liechti from Numis. I've got three questions. First of all, just on the macro, I know this has been strong. Just how you're feeling about how the events should shape up for more? I'm thinking about the retail-oriented events in particular. I'd like to use that as an answer for a further question. Second question really is on your deleveraging debt functions that you're making, are you making any assumptions in terms of Russia cash proceeds coming in there, or is that sort of excluding that? Finally, I just wanted to double-check, in terms of your sales opportunity of GBP 250 million, can you just confirm, is that all like for like with your existing portfolio, or does that include further M&A to get to that GBP 250? I guess the same question on that margin aspiration. Thanks. Okay. All right, great. The last question is quite an easy answer is that is like for like with the existing portfolio that we have today. It does not factor in any form of M&A. Is that correct? Steve, well, good morning, by the way. To answer your first question in terms of the macro, we are expecting growth across the board on all the shows from this year. In particular, you asked about the retail shows. We are expecting those to grow from last year. Those will be the shows that will take the longest to recover. As you can imagine with retail, there's multiple headwinds in terms of, you know, Brexit, supply chain disruption and of course, you know, recession in the U.K. or not, or close to recession. We are expecting them to grow, and they are on track to grow. They will take longer to recover than the others. The ones that John referenced to before is the vast majority of the rest of the portfolio we are expecting to be larger than its pre-2019 editions. Yeah. Okay. Yeah. I think in terms of the deleveraging assumptions, Steve, whilst we're optimistic about collecting the further consideration on Russia over the medium to long term, you know, I think in the near term, we need to be cautious just given the, you know, the situation there. There are no receipts factored into that deleveraging profile in the near term. That would be obviously upside. Great, thanks. Okay. Thank you. Well, we'll turn next question from Alistair Reid from Investec. Please go ahead. Yeah, morning guys. Yeah, Alistair Reid from Investec. A couple for me as well. I mean, sort of following on from Steve Liechti's question on the sort of margins first. You gave your margin aspiration. You know, just to compare for the portfolio today, are you able to comment what the profitability of that was pre-COVID-19 or even indicate, you know, was that higher or lower than that 30%? Then secondly, sort of on your sort of China events, how long in advance do you need to decide whether or not to sort of cancel, whether you have the visibility to go ahead? What costs would you be left with if you do have to cancel? Then lastly, sort of more broadly on the topic of venue contracts. Are any major sort of renegotiations underway currently? Can you just sort of remind us for your bigger locations, the kind of length of deals you've got in place at the moment? Thanks a lot. Do you wanna cover the margins? Yeah. Look, thanks, Alistair for the questions. I think just in terms of the, you know, the sort of pro forma margin levels, you know, I mentioned that the revenue for the portfolio we have today pro forma 2019 is about GBP 145 million. The operating profit on that would've been around GBP 30 million, we're looking at sort of low 20%. Importantly to say, in 2019, we would've had a full contribution from the Sinostar joint venture, which has obviously consolidated the profit level. That's probably up about five percentage points of margin. That kinda gives you an idea of, you know, the sort of starting point from a margin perspective. You know, based on that, we can see a clear trajectory to the margin aspiration that we're setting out, in the medium term. Okay. Morning, Alistair. In terms of China, the timeline, I mean, that's what's, you know, with all the challenges of how fluid it is there at the moment, the quid pro quo is that it doesn't take much time at all to get a show up and running. It is incredible the strength of rollover from customers going into events. They are incredibly well-conditioned to postponements. Really, we can move very fast. Again, at the same time, the costs of the venues, they are very flexible, so we're not left with the cost of the venues if for whatever reason, the local government or the overall government puts a lockdown in place. We're not stuck with any venue costs. We are pretty much getting 100% rollover of customers to whatever is a postponed or canceled event to then to the next edition. Actually, we can react very, very fast and the market is used to that. Which is very good, and that works both for exhibitors and visitors. They react very quickly. That hopefully answers your question in terms of China. In terms of venue negotiation, well, we used the time during the COVID, you know, 2020 and 2021 to negotiate and renegotiate all of our venue contracts. We have got long-term deals for all of our major shows. We've got largely inflation protection and cost protection in terms of cost growth. We're actually pleased with where we have, and we have got very strong slots for all of our shows. That's perfect. Thank you. Thank you. All right. Thank you, Alistair. Thank you. As a reminder, to ask a question over the phone, please signal by pressing star one. Alternatively, please type your question on the Q&A box via the webcast. We will pause for just a moment to allow you to submit your question. I think, well, we've probably covered. Hopefully, we've covered a lot with the presentation itself. With pleasure, if you have got any further questions, you know, just reach out to us. We've obviously got a whole nother host of investor meetings over the next few days anyway. Before we close, I would like to let you all know, it was on the slide earlier, but just to reinforce it, that we will be holding two investor days in March of next year. One will be in Las Vegas at Shoptalk for U.S. investors and analysts on the 27th of March. The other one we will be holding is in London on the 30th of March at Bett U.K. We hope to see you then. In the meantime, look, on behalf of John and myself and Marina, you know, thank you all for your support this year, and thank you all for dialing in. I look forward to seeing you next year. All the best. I hope and wish you all the best holiday over the holidays. Thanks, everybody.