Good afternoon, everyone, and welcome to the McLaren Q3 Results Call. Hopefully, you've all got the presentation in front of you. I'm gonna kick off with slide two, a general business overview. Whole sale of the McLaren Artura commenced during Q3 2022. As I hope you'll have seen, the vehicle has received some really strong praise from the media and excellent customer feedback so far as well. Demand for our vehicles remains strong; the order currently sits at over 2,000 vehicles, at 2,216. That's at the end of September, and more than 50% of that order book is made up of the Artura. The industry-wide parts supply shortages and constraints have continued to impact production, however, and this resulted in year-to-date revenue of GBP 418 million. That's wholesale volumes down 13% at 1,395 units. Lower wholesale volumes, FX movements, and increased inflationary pressures have resulted in reported EBITDA loss of GBP 54 million. Our shareholders continue to be very supportive of the group, with GBP 125 million of capital invested in the group across July and September of this year. As of the end of Q3, liquidity totals GBP 87 million. The group's long-term outlook remains positive with a very strong order book. We are in active discussions with key shareholders about a broader recapitalization to fund the long-term business plan. Moving now on to slide three. More of an operational update. Retail stock levels remain very low. This is driving strong demand and good residual values. We've opened new retailers in India and Vietnam. That's our first official presence in those growing markets. We've also got a pipeline of potential new retailers to grow our global presence and create new market opportunities. The official launch of the Solus GT at Pebble Beach in August was really successful. All those 25 cars are pre-sold. Customization and bespoking of our vehicles through the MSO division continues to be very, very popular across all models. This, of course, drives higher margins. Alongside everyone else, however, we have suffered supply chain delays such as semiconductors and batteries, and as a result, production sat at 1,598 cars. Moving on to the next slide. That's slide four. Orders for our vehicles, as I've just said, remain strong. Order book at 2,216 vehicles at the end of September. As I've said, more than 50% of those are for the Artura, with lots of interest in the latest model. Of course, wholesale volumes are down versus the prior year because of the delayed Artura deliveries to customers, as well as the supply chain constraints that I've just mentioned, and all of this has resulted in lower revenue year-over-year. If we turn now to the key financials for the quarter, looking at slide six, starting with revenue. Revenue is down period on period. Automotive revenue down 10%. That's from GBP 463 million in 2021 to GBP 418 million in this period. Largely, that's down to the wholesale volumes that I've just talked about. Partially offsetting the volume downside is a stronger U.S. dollar, which has obviously benefited U.S. dollar-denominated sales. Also, remember that in 2021, we did have GBP 18.5 million of Applied revenue there. None of that, of course, in the current period, because we sold that business in early August 2021. EBITDA is down year-over-year. Predominantly, that's because in 2021, we had a gain on the sale and leaseback of our headquarters. Also, there was the loss on the sale of the Applied business alongside the impact in this year, of course, of lower volumes. As already noted, volumes are down year-over-year. Worth noting in Q3, we did see higher volumes as compared to H1, and that was as a result of starting to wholesale the Artura. Moving now to slide seven, liquidity. As of the 30th of September, liquidity stood at GBP 87 million. That's GBP 47 million of cash and GBP 40 million of capacity on our RCF facility. This liquidity is prior to the incremental liquidity provided by our shareholders in November of GBP 100 million. Net debt higher than at the equivalent time last year. That's as a result of the significant strengthening of the U.S. dollar over 2022, which has increased the GBP value of our U.S. dollar-denominated bond, alongside lower cash on hand and the drawdown of the RCF earlier in the year. CapEx, you'll see very similar levels to 2021, and as you'd expect, spend this year very much focused on Artura and, of course, some of the other upcoming models. On to the cash flow. That's slide eight. As I've noted several times now, EBITDA is lower year-o n- year. W orth just reminding you again of the gains from the sale and leaseback, as well as the loss from the disposal of Applied. Net working capital inflow, which reflects that while the group has incurred a large cash outflow from higher Artura stock on hand. This has been offset by higher creditors, largely associated with working capital financing and deposits from customers. CapEx, as I've already said, is at similar levels to 2021. Disposal investing cash flows, that reflects the sale and leaseback and the cash relating to the disposal of Applied. Finally, as we move down into financing, the RCF continues to be drawn by GBP 15 million at the end of Q3 2022. Interest is slightly up year-on-year. Again, that's largely as a result of the stronger U.S. dollar. Moving on now to slide nine. A few comments on liquidity. You can see the total liquidity of GBP 87 million. That's September 2022. That reflects GBP 47 million of cash and GBP 40 million of capacity on the RCF facility. That's GBP 15 million of the GBP 55 million drawn. Net debt was lower at the equivalent time back in 2021, as there was more cash on hand. Remember, we had just done the refinancing that was completed in August 2021. Net debt also benefited from the continued support of the shareholders, which I mentioned in my opening comments. GBP 125 million of capital was invested in the group in Q3 2022. Finally, just a couple of words to update you on Artura and our planned recapitalization. Since the end of September, we've identified some technical upgrades necessary to ensure the best experience for our Artura customers. Supply chain challenges associated with these upgrades are resulting in delays to wholesale shipments and customer deliveries, which have had an impact on group liquidity. In order to help manage through this, the group's lead shareholder has provided an additional GBP 100 million of liquidity, and we are in active discussions with all our key shareholders regarding a broader recapitalization of the group. We anticipate that the transaction will be agreed and announced in the first quarter of 2023. Lazard is advising the group on the recapitalization, and any investors who would like further information are encouraged to contact them. For those of you who can see the presentation, the email should be in front of you. For those who can't, the right address is mclaren@lazard.com. Worth noting that we also continue to review partnership opportunities, as mentioned in previous presentations. I'd like to conclude by thanking you all for your time today, and we are all available to speak offline should you have any further questions. Thank you.