Good morning to all our viewers and listeners. André, am I right in saying that's the ninth presentation of your presentation? As usual, I will be giving you a high-level rundown on the strategy of the business, and then leave to Chris to give us a presentation or a slideshow on the technology of the business and the progress made in that space. Roelof will deal with the operations. Once Chris is done, and then André, he will fill us in on the financials for the period under review. At the end of André's presentation, I'll give you just a high-level rundown on what I believe is important to share. For a Q&A, André, if I'm right. Just a few highlights to share with you. I think top of mind should always be safety. Given the COVID and the mental impact of COVID the last 18 months, as well as the 700 odd employees that we employed in the business the last year, I think a good performance. Overall, on the safety side, and Roelof will shed some more light on this in a later slide, I think the company did pretty well given the circumstances. Revenue, I think all-time high for the first half. The back end of the year is normally better, but I think if you compare the 2019 or some of the previous years, we've had a good run. The period under review is certainly one of the better first halves that we experienced. ROCE target, a long-awaiting target that we will really be battling to meet again. I think André, am I right in saying in 2018, 2017, 2018, we've hit a 17% WACC plus 4? Again, André will shed some more light on that later on. The confirmation of the MTB, and Chris will share with you the detail later on. Especially the capital that we've burnt in this project is something that we're really chuffed about. We will wait for Chris to shed some more light on that. Pipeline, we've never seen a record of a pipeline to the extent of ZAR 600 million and north of that. Certainly, something on the back of the commodity prices that we should be benefiting from. Utilization, both as a function of the weighted capital as well as the number of machines, also nicely up and again, Roelof will shed some light on that later on. In the business, maybe a step back for some of you who are not following the company for some years. Four main income streams in the business. The one being the traditional raise boring, which we've been doing since 1986. The second one is the exploration business, geotechnical business that we've been doing. The third one is what Chris is keeping himself busy with. That's trying to deal with the issues in the mining space, more focused on technology, especially the MTB and the initial boring. The fourth one is what Roelof will explain later on. This is what we invested in via A&R. The four pillars of the business, which we look at, the people, optimization, technology, and sustainable growth, support the so-called investments that we've made on a higher level. If we talk about the people, I think a couple of things important. One of our top risks in the business is still people. For a number of reasons. You must appreciate that dealing in 23 or 26 countries today, covering just about all nationalities, this comes really in tall order. To align all those people with the company's culture and to make sure that they live the values which you will see on the left-hand side of the presentation, really something that keeps us busy. Apart from that, we've got some initiatives, and I'm happy to take some questions later on that. We've shared with you on the last presentation in March, I think what we're busy with to try and deal with our people in the business, the one fit for purpose and alike, but happy again to take some more questions on that. On the optimization and profitability, I think the important part here to mention is certainly our, I would say, shift in focus and maybe the way we approach these larger contracts. We in the past have shied away from these bigger contracts. In the past, we were happy to be the subcontractor or take a back seat when it comes to these big contracts for the reason, simple risk. I think where we are today, the last 18 months, last year, we reviewed or revisited the approach, and again, we will explain a bit later on the JV that we formed in Chile with Besalco. We are in short finals on some other larger projects to take the lead on these projects. Again, a shift in focus, in strategy. I like to see more of these contracts, larger contracts, be part of our order book, our business going forward. Technology, again, I am not going to go into the detail there. I think Chris has got a comprehensive slide dealing with technology. I think the one to single out is most certainly the award of that MTB contract at Mogalakwena. We've spent a lot of time, Chris and his team, a lot of time and energy in this space, really something which I believe can change the industry going forward. On the sustainable growth side, the DNA of this company has always been to diversify. Right or wrong, from the onset, we diversified the business. Again, operating today in 23, 26 countries. We've added on some services and be key to the success of this business, I believe. If we look at the M&As the last couple of years, I think, André, you will probably explain a bit more in the M&A space, and maybe our approach to M&As and the way we deal with M&As and the rationale behind that. The company is still committed to grow, and given the capital available, obviously to grow. This is my part. Chris, if you can maybe take us through the technology and the overview, please. Thank you, Dani. Good morning. It is with great excitement that we would like to take you through a technology update in our company. It is important for us to understand how the world is changing and how that would influence the value that will be generated by the technology that we will be using in the future. We witness trends in the industry decline access tunnels. We are busy with the onboarding for a project for Mogalakwena with Anglo American. We will start decline excavations towards the end of the year. We are providing a turnkey operation with capabilities in terms of construction, logistics, project management, in addition to just the normal excavation service. It is important for us to implement this project successfully. We can already see the benefits of utilizing two of these machines to do a twin decline access to an ore body. We want to resource ourselves in terms of technical and operational skills, so that we can support this business in future. It's very important for us to understand that we're competitive in relation to historical conventional costing models, and also relevant in considering technology advances for the future. Shaft sinking diversification, our first shaft boring system, capable of doing 4.5 meter diameter shafts, 1,500 meters deep in the hard rock. We've received shareholder funding approval between ourselves and the IDC. We're busy with the design. The manufacturing is underway. We also received a letter of intent from a prospective South African project. We're busy engaging with this client in preparation for the project, as well as converting this letter of intent to a letter of award. We've been approached by mining companies to develop non-explosive mining capability. We do this in a phased approach. We do it in partnership with the mining companies. It's very important to understand that different ore bodies dictate different mining systems, and that we develop our expertise and knowledge in line with this. We're currently doing two projects where we've done conceptual study work. We're currently doing experimental work to validate concepts that will be used in the development of these services. We've also received indicative commitment for two more projects. You might ask, why non-explosive mining? What is the advantage of this service or this thinking of technology? It's around consolidating your mining activities and concentrating it. It's around a continuous process, and it's around removing people from a potentially hazardous environment. We also take notice of international opportunities, and it's important for us to develop our capabilities to offer this as a specialized service to the mining industry. On technology optimization of our raise boring and exploration drilling divisions, we've manufactured an RD6. You'll see a video of this RD6 on the right. This raise boring rig has been successfully implemented in Chile over the last six months. We're busy with the manufacturing of a second unit. We've expanded our directional drilling capability with two more systems, where we will have a capability of not only steering to verticality of shaft, but to an absolute drop-off. That will enable us to guarantee shaft accuracy and also construct inclined infrastructure to a tight tolerance. We continue to expand our remote operation, semi-autonomous control. We have manufactured a training simulator that we're busy commissioning, and we have an interest to develop a mobile small to medium raise boring system. On the exploration drilling, we're working with a leading OEM that will enable us to provide a new generation core drilling rig to the market. We're also expanding our capability in wireline logging for geophysics and geological logging that provides objective and accurate information compared to conventional or historic methods being used. That information could be more readily available for use, compared to the time it would have taken to provide this information from conventional methods. That being said, I'd like to hand over to Roelof. He will take you through our digitized technology diversification update. Thank you very much. Of course. Thank you, Chris, and morning to everyone. To finish off the technology section today, I would like to share with you and give you an update on our progress with digitalization within the group. First of all, the last couple of years, we invested a lot of time and money and resources into our machines, making our machines much more intelligent, and using that data that the machines is generating to drive better decision-making. That is really having a look at the brain of the machine, understanding that better, and using this data to start making some very nice predictions on machine performance going into the future. That's definitely an area that we will continue to look into and invest into the future. A little bit more about the traditional raise-bore business, digitalization in that area. Over the last couple of years, we spent a lot of time and resources to better understand the businesses that we operated globally. This means getting better data from our operations, supply chain, finance, and HR, and actually integrating that at a group level and start making predictions. This is a really exciting area, and we look forward to the progress that we can report on back into the future. Talking about some of the acquisitions that we've made during the last few months. First of all, AVA Solutions. We've concluded this transaction in the first half of the year. Since our investment into AVA Solutions, this business expanded its reach globally into a number of new countries. Some of these countries are Brazil, Peru, the DRC, Indonesia, and Malaysia. This company is on a very exciting growth path in the next two to three years. About the capital that was invested into AVA. This capital will be used to further grow the reach of the AVA Solutions business and further develop their platform capabilities. Not just focusing on load and haul, but expanding that to other services within the fleet management range, which includes logistics. A few weeks ago, we've announced our acquisition into A&R Group. This is a 25% initial stake investment. A&R Group has been the leader in the market on proximity detection, collision avoidance, lamp room management in South Africa for a number of years, providing this service and technology to most of the tier 1 miners in South Africa and some parts of Africa. Today, A&R Group is tracking more than 250,000 devices on mines underground and on surface in South Africa. These devices are being worn by people, equipment, and various assets on mining operations. This data being generated by the 250,000 devices is very, very powerful, and this data can be used to influence safety behavior and ultimately increase operational efficiencies on mining sites across South Africa. Briefly on some of their new projects. A very excited project that A&R is busy deploying in Central America, and that is in Mexico. This project will be completed in the next two to three months, and we look forward of that project being the flagship project within the region. If we move on to the operational review. Today in our operational review, I would like to start and say thank you to all the employees that gave us their commitment and support during the year. If it wasn't for the employees of this business and some of the sacrifices that they've made last year during COVID, it wouldn't have been possible here to stand today and give you these good results and present you these good results for the first half of 2021. In our operational review today, we will have a look at a few aspects. We'll first start with our people and safety. We've seen a slight increase in our safety performance compared to 2020, and we'll talk a little bit about that. Next, we'll have a look at our utilization, which is significantly up. We'll also look at different size machines and their contribution to ARPU and to utilization and provide you some more insights into that information. We'll cover our regional review. Always a very important section to cover. I think the highlights on the regional review today will be the turnaround of the South American business. That region returning to profitability again and a good performance coming from them for the first half of this year. Lastly, we'll stand still at the order book, which is standing very strong in this moment. As Daniël mentioned earlier, we're sitting with an exceptional and record pipeline. I'll share with you some interesting insights in terms of that. Let's get going with our people and safety. As Daniël mentioned earlier, we've employed a number of new employees into the Master Drilling Group. Our workforce is now standing at 2,000 employees. This is just basically a function of the market activity and an increase in utilization and the demand for our equipment globally. Our LTIFR rate, this is the lost time injury frequency rate. That is slightly down for the first half of the year to 1.08. We're looking forward to more improvement in this LTIFR rate in the years to come. Briefly on our commitment to safety. Master Drilling still believes in zero harm, and we live by that principle, and we will continue to invest in our machine and man interactions, safety leadership, and ultimately our machine automization and remote drilling. That will improve the safety of our employees significantly, especially employees working underground in very harsh conditions. Briefly on our COVID vaccinations. Vaccinations are making steady progress throughout the group. We're happy to report, like in some regions like Chile, all of our employees is vaccinated today. Moving on to our revenue diversification, talking about the different regions. The revenue for the first six months is sitting at $72 million, which is 25% up compared to H1 2020. This 25% was mainly driven by around 8%, 9%, which is as a result of the exchange rate. A weaker dollar giving us that slight uptick. The rest of the increase is really being driven by higher utilization rates across the group and ultimately very strong ARPU, that's the average revenue per month, coming from our bigger rigs in the fleet that we will unpack a little bit later. Let's start with Central and North America. Gary and his team up in Central and North America did an excellent job to secure additional work for one of our double X machines up in Raglan, Glencore. The region, although they have slightly contributed less to revenue for the first half of 2021, which is 14% compared to 17%, they are showing a healthy operating margin, which is up from the last reporting period up to 12% now. Briefly on our flagship project in the region, that's the Voisey's Bay contract, up in Vale. We can report back that this project is on track and performing very well. Briefly on Mexico. Mexico have seen a strong bounce back in their utilization rates. A lot of machines more allocated, and we've mobilized additional machines to the region. This is just higher demand coming from the market. I think the higher silver price in that region is definitely helping us a lot. Moving on to South America. Very strong performance coming from South America, and this is something which I'm personally really proud of. Bouncing back from a contribution last year, the same period, from 19% to a 26% contribution in revenue. I think more importantly, for the first half last year, this region was basically in a loss-making position. I think it was like a 18% negative operating profit for the region, and now sitting at a 13% operating profit margin. Well done to those management teams turning around that region. On Peru, we've always in these presentations touched on Peru. About two years ago, we've basically put this business in intensive care. We can report back now that most of those interventions were successful. For the first half of this year, Peru have really given us a good result, and this is probably the best results we've seen from Peru in the last two to three years. Well done on that management team there. On the Chile business, as Danny mentioned earlier, we've entered into a joint venture with Besalco Construcciones, a very reputable construction company within Chile. In March this year, February this year, we've been awarded a significant contract at Codelco on one of their operations in the northern part of Chile in Chuquicamata. That project have started, and we're really looking forward for that to pick up steam in the second half of the year. On our Besalco joint venture, we look forward to a lot more projects into the future and hopefully a lot of opportunities will come from that venture. On the region, I think it's just important to mention, although we've seen this uptick in market activity, it's important to note that there's still some geopolitical uncertainty in the region, and that will remain. We will definitely see how that plays out in the next year, in Chile and within Peru. Moving on to Africa. Africa, once again, the top revenue contributor for the group, sitting at 39% for the first half of the year, up from 38% last year, and a very, very healthy operating margin of 31%, which is testament to those operating teams in the area and the involvement of management there. I can report back that the operations in West Africa is doing good. The support base that was established there to support the operations in, whether it's Bibiani or Subika, are performing well. Africa footprint have been extended to the east side of Africa as well, with some new contracts in that region. We can report that we've been awarded work in Zimbabwe, in Zimplats, and we're looking forward to completing a number of ventilation raises for them. It's worth mentioning the DRC as well. The DRC has always served us very well, and our machine that has been mobilized to Ivanhoe is performing well, and we look forward to more work coming from the DRC in the future. As we reported in March, we've started the reaming process with the Zondereinde flagship project here in South Africa. Once again, this is a 1,452-meter shaft that we're busy excavating. This is a record-breaking hole and a groundbreaking hole. We look forward to the completion of this shaft come May next year, May 2022. Briefly on the other regions, important to note our Scandinavian business, Bergteamet, had a slow start to 2021. We expect that to tick up a little bit better for the second half of the year. India, as always, strong performance coming from India. We've mobilized additional machines to that region as well in the first half of the year. Talking about Russia, a very exciting region for us. The last couple of months, we've basically mobilized additional machine to that region as well. Australia, our expansion plans is in progress. There's some promising opportunities lying in Australia for us. Talking about mining activity, revenue diversification, not a big move here. Briefly on this, we've seen an increase in our production exposure. This is just due to miners increasing their production due to high commodity prices, hence, more production drilling coming in that phase. Commodity diversification by revenue, this is something we look at very closely. Our biggest exposure is basically sitting in gold, copper, and polymetallics. Briefly talking about the movements that you see there. First of all, copper. Copper is slightly down. That is just due to Chile with a bit of a slow start in the beginning of the year and the way that we account for our joint venture that we have in Chile. Gold, basically stable across the board, and that's predominantly coming from our Africa operations. Polymetallics, a steady uptick in the last few reporting periods. That is just a function of Peru getting back online again. Then lastly to mention is basically platinum jumping to 6%, and that's a function of the increased activity in South Africa in the platinum space, and potentially that will increase in the future if you look at our order book. If we move on to our ARPU summary and utilization summary, this is always a very important slide to look at, and I will spend a little bit of time here. We've also presented some additional information here to help you understand the utilization and ARPU rates better for the different classes of machines. First of all, our utilization increased from 60% in 2020 to 69% for the first half of this year. We added three additional machines. Two of those machines were bigger machines, and they were directly deployed to projects in the group. In terms of the new split that you can see on the screen, we basically divided our fleet into raise bore machines higher or bigger than large raise bore machines and raise bore machines smaller than large raise bore machines. This tells a very interesting story. First of all, let's look at the bigger end of the machines. Their utilization is up from 69% last year to 78% this year, which is very good, and that's very close to our target utilization rates for those machines. It's always important to mention that in an upcycle like this, most of these bigger machines get allocated to long-term contracts. We expect the utilization rate to be very steady and high for the coming periods. Talking about the ARPU, and that is really something positive, sitting at $135,000, which is the highest it has been in the last two, three years. That's really just testament to the possible return that these big machines can actually deliver on projects. Looking at the smaller machines. These are machines smaller than large raise borer machines. Utilization up from 45%- 55%, which is a good jump, but the disappointing part really is ARPU. We really want to get the ARPU of these machines north of $80,000. A little bit disappointing there and a lot of work to go into these smaller type of machines. Just maybe to put this into context, this is very important to understand where is the capital of the business really sitting. If you look at the raise boring capital that has been deployed in the business, about 80% of the capital is really sitting in these larger machines. These are machines bigger than large raise boring machines, that first category there. About 20% is sitting at the bottom part, which is the smaller type raise boring machines. Just to put it into perspective how the balance sheet fits in here. Briefly on our slim drilling machines, utilization up from 48%- 60%, which is a nice increase. ARPU is still around ZAR 30,000, which is below the target. I think with some of the movements in South Africa the first part of the year with COVID and then some heavy rains in certain areas like the Rustenburg, Limpopo area didn't help the production. Definitely increase required there. Talking about the pipeline, this is a record pipeline for us, sitting at ZAR 602 million, the higher it has ever been. It basically doubled in the last six months. There's a lot of activity in the market and I think a lot of potential projects for us to execute into the future. Let's just quickly share with you some important things here. First of all is our committed orders that is sitting at ZAR 232 million. That is also very high, and on the next slide, we'll actually unpack that for you and talk to how that actually moved the last couple of months and reporting periods. Another important item to note here is the $92 million, which is still sitting to be executed this year. Usually, a small part of that gets carried over to the next year. Looking at that number, I believe we will have a very busy second half, and a very busy next few months ahead of ourselves. Talking about the order book and the comparison of that over the last 12 months. This is the first time that we're sharing this information. Our order book was basically sitting at $145,000 in June last year, which was good. We've seen a number of new orders being awarded to us, about ZAR 231 million of work being awarded to us the last 12 months. We've executed around ZAR 72 million of it for the first half of the year. Now, at June, our order book is sitting at ZAR 232 million, which is very healthy and good for the business. Briefly on our awarded work and exposure of that, always something interesting to look at and something we monitor carefully. The highlight here for us is platinum leading the pack there, and that's really on the back of the RDA project in Zondereinde and some additional work coming from that. Finally, Chris and his team being awarded that MTB contract, which is something with the business he's really proud of. In conclusion, from my side, I really believe that we have a very promising pipeline in the years ahead and strong order book, and I think the ball is in the operational team's courts to make sure that we execute profitably on the work that have been allocated to us. Thank you very much. I'll hand it over to André for the numbers. Thank you. Thank you, Roelof. Yeah, welcome to everybody. It's been an interesting six months for us. Obviously, it's still tough environment given COVID and the challenges of doing business, and for the clients also. It's sometimes nice to have a bit of a low base to get improvements on the numbers that we've seen. You also notice in our results that's been published, we also included the 2019 number just for ease of comparison to show pre-COVID numbers, post-COVID numbers. The numbers here, the highlights for the year, that's basically compared to 2020. As Roelof mentioned, revenue was up by 25%, which was very good. The HEPS and the EPS numbers are very nice, even if you compare that to 2019 numbers, it's more than 10% up in 2019 numbers. We're quite chuffed about the performance in the half year. Pipeline, Roelof spoke about it. That shows maybe the correction of the market, a lot of demands for the services miners want to jump in now with the commodities prices ticking up. We're going to have a busy next couple of years ahead if we get awarded a number of those projects. Just on a healthy cash balance, I think a lot of work has been done in the last six months, actually the last 18 months, of working on improving the cash generation, getting gearing levels down, working on the working capital. I think that has been a very nice positive for this period as well. If we look at the midline earnings in rand and dollars, you'll note the nice increase in the half year. It's been a bit of a strange half year with stronger emerging currencies. The EPS in U.S. dollar terms, not as good as the EPS in ZAR terms, the movement. Still that's been our business diversifying into commodities and currencies. You always have a bit of a hedge here with a lot of our revenue in U.S. dollar terms. Sometimes it works in your favor, sometimes not. Given a 10-year history, the benefit is clear that being a U.S. dollar-based business has its benefits. If we go to the EBITDA numbers, I'm glad to note that our EBITDA margin has increased about 5% from previous year up to 22.7%. Still a bit down from the numbers we would like to be. I think we communicated before that we'd like to be at 25% margin on EBITDA. That is the environment we're in. It's logistics. It's quite costly at the moment to move equipment around, moving people around. That has quite a bit of an impact on the EBITDA. EBITDA nice up to ZAR 11 million for half year and on the revenue of $72 million for this half year. If we look at the profit after tax, we had a small benefit on taxation, increasing our profit after tax margin to just over 12%. We had some tax assets that we raised with Peru becoming profitable again, we were able to raise a bit of a tax asset there, reducing the tax rate for the group. If we look at the balance sheet, just a couple of things. I think it's a very healthy position we're in. I think the benefit of working hard on the balance sheet the last two, three years, it's evident here. Gearing ratio very low, down to 9% gearing. You'll see a lot of our debt move to current liabilities with our Absa facility, that we need to settle June next year. Moving to current, but still in a very good position. We are in discussions with Absa with renewal of facilities. On the gearing, we are taking a conservative view. We never want to go above 30%, but we're very low at 9%, I mentioned before. Maybe hovering around 20% is a good number for our business that we feel comfortable on. On the movement in the non-current assets, not a lot of investment done this half-year on new capital, mostly on replacement capital and some of the projects that Chris is working on, some capital spend on that side. We move to the income statement, which I mentioned the three columns just for comparison. Gross profit margin, roughly 30%, which is a bit down from where we would like to be. It's, I think, positive where we are with a lot of moving parts at the moment and a lot of new projects starting up, some initial expenses to get the projects up. I think it was a good performance. Looking at the ARPUs, and like Roelof mentioned, the ARPUs and the utilization and the order book where we are for second half of the year. We're in a good position for full-year numbers. I think operating expenses, we see the benefit here of the savings that we did in 2020. We obviously had to employ again more people with our ramp-up. I think there's been a structural cut in costs there, which assisted the group in being more profitable. Finance charges nicely down from where we were. That's with the reducing facility and lower interest rates at the moment. Visible there is the lower tax number there, giving us a 12% profit after tax percentage. If we look at the impact on the currency. As mentioned, it's been a bit of a funny six months with strong emerging currencies. The benefit this time around has not been so good. Only $300,000 benefit on the numbers due to the mix in revenue and cost not in the same currency. You'll note there, 52% of our revenue is in U.S. dollars and 48% in emerging currencies, but only 35% of our costs are dollar-based, the rest are emerging currencies. If we look at the cash flow, this has been very positive. On the cash from operations, again, ZAR 11 million generated for the six months. Consistent with previous year. Every year, we are generating a lot of cash out of our operations. On the investing, there were ZAR 5 million CapEx and a small amount paid pre half-year for the acquisitions of AVA. On the financing activities, a repayment of about $7 million on our debt, giving us a net movement of ZAR -1.3 million for the year. If we look at the revenue waterfall, I think mostly covered by Roelof through the presentation, with the movement of Forex and the fleet mix giving us the $8 million benefit there of the bigger machines being operational. On the fleet expansion, not a big benefit yet for the six months with the two big machines added only operating for one, two months. In the second half, one will see a benefit from there. On the working capital breakdown, I think we see the benefit here of our hard work. Our working capital days down to 112 days. It's nearly a 30% improvement from half year last year. On the inventory side, not a lot that we can do with reducing that, but we're doing a lot of moving of inventory between countries and not so much procuring outside. On the trade receivables, although the number is up a bit with the increased revenue generated, the up cycle, obviously, the trade receivables will increase a bit. I think we did well, especially if you look at the aging of the debtors. More than 85% of our aging is on normal terms and one month past due. That's a quite significant improvement from previous years. The work there is obviously paying off. We look on some of the balance sheet ratios. Like Daniël mentioned on the EBITDA return on capital employed, we hit our targets for the first time in several years with 17% return on capital in dollar terms, achieved. We're quite chuffed with that number. On EBIT, 12%, the working capital days, 112, and as mentioned, the gearing quite low at 9%. I think the operational guys did quite a great job here. On the cash flow waterfall, just visualize what has happened. Nice cash from operations that we see there, ZAR 11 million generated. I think it's quite, I don't want to say easy, but in a downswing, sometimes it's easier to generate cash from operations with working capital movement. I think we did well with the upswing in operations to generate that amount of cash from operations. Finishing the half year on ZAR 22 million cash in the bank, and that puts us in a good position for the next six months, 12 months with everything that's happening at the moment. If we look at the capital spend, only ZAR 5 million capital spend this half year, mostly of that on maintenance capital, keeping our equipment in a position to utilize our new projects, upgrading equipment, et cetera, and small portion spend on expansion, mostly on Chris' side. I think the last slide we're going to leave for Danie again to talk on the salient features. After that, the Q&A for questions. Thank you very much. Thank you, André. Thanks to a low 20 base, André. Yeah. Just to wrap up the, enough said on the pipeline. I think more important is probably to talk about the capital spend and maybe just to rewind a bit on the historic spend. André, you need to test my memory. Help me with my memory. We, when listing with IPO, had in the fleet in the order of about 78, 80 raise bore machines. I think that the latest number today is 148, if I'm right. We've bulked up from then about 80 to 140 or 148. Just in the last six, seven years, we've spent ZAR 110 million adding another 33 machines to the fleet. Obviously the two M&As that we've done, adding the rest. I think the point I'd like to get across is the following. Unlike some of the miners and unlike some of the other businesses, you can't spend or you can't try and grow a business in this space when it's an upcycle. Imagine if we had to try and grow this business from where we are today if we had 80 machines in the fleet to 130, 140, taking into account you probably build a machine in 9 or 12 months. Impossible. Again, the point I would like to get across is that in this type of business, you need to spend capital responsibly in a down cycle. I think just for what it's worth, of the ZAR 110 million, just as a side note, ZAR 50 million of that ZAR 110 spent in the last five, six years was directly related to the capital for machines, drill pipe and reamers. I think the next one we've already touched on, and I think enough said on the geographic expansion. As part of the DNA of the business, we're going to commission the second a nd third, maybe the fourth machine up in Russia the next two years, and then move on to the next country. That's part of the DNA and something which I still believe as well as the next slide or next point on that slide. Geographic expansion diversification has been key to this business. Just to latch then onto diversification, Roelf touched on that earlier on. Again, just to emphasize our focus on A&R and AVA is to try and internationalize those businesses. They're both local businesses, and I really believe the real upside for both those businesses is going to be doing more business with our current clients internationally, not necessarily in South Africa. Technology, maybe two things to add to what Chris has said on technology. I really hope that we today made ourselves very clear when it comes to the strategy of the business and the focus given where the industry is and what Chris and his team is keeping himself busy with. I again want to emphasize that this company is committed to try and make a change in the mining space, to try and mechanize current mining operations, to move away from current drill-and-blast techniques. There's no way we believe that production will again go up and costs go down. There's just no way unless they do something very different, and I would like to emphasize it for the third time. I really think what Chris and his team has been doing today is probably going to ultimately tick one of those boxes. In terms of the future, again, I think the fact that we've ramped up the business and bulked up the business the last couple of years, seven, eight years, and be in a position today with around about 140 odd machines, I think we're really ready for this upcycle and probably benefit from the investments made the last 10 years. Nothing else from my side. Over to the Q&A. Thank you. The first question comes from André Joubert from Ninety One. He says, "On slide 27, why do you say EBITDA was only ZAR 11 million? In the financials, the EBITDA looks closer to ZAR 16 million. Yeah. André, well picked up. I think the version we had on the screen, that was wrong. Sorry. It is close to $17 million. You're right. Next question is from Jan van Niekerk. Do you have any pressure on your BEE credentials? Are you considering any transactions to enhance BEE credentials? I think on the BEE, both our exploration company and the current raise bore business, I think is well positioned, and that's just part of doing business in South Africa. There's nothing on the radar today to try and better that. I think what we need to do is very clear, and I think we compliant with both companies. Next question from Keith McLachlan at Integral Asset Management. "Is the order book and sales pipeline weighted towards more or less exploration, CapEx, and/or production? Hi. If you look at our order book and especially the pipeline, there's a bit of a shift happening. I think what we've seen is a number of new capital projects being evaluated, which is part of our pipeline. A number of capital projects is being fast-tracked by client. Into the future, it's very difficult to predict, but I really think that there will be a little bit of an increase and more exposure to capital projects in the future, the next two to three years. Two more questions from Keith. Second one is, how will the new acquisitions be integrated with the broader group? Are they more standalone? Are there other potential acquisitions in this parallel technology space that you are looking at? Thanks for that question, Keith. I think the question is regarding A&R and AVA in the digitalization space. These businesses today, we've taken a minority stake initially in these businesses. The ramp-up of our stake within those businesses, we will evaluate in the next year. Those businesses today are standalone businesses from a business point of view and from a brand point of view, with their own individual strategies. I think as Daniël mentioned earlier, the real opportunity and where Master Drilling can really contribute to those businesses is, first of all, capital and second of all, to internationalize these businesses. As we've just reported, especially in the AVA business, we've seen tremendous growth and various new regions opening up. I really think that is what we can do in these businesses to grow them into the future. Third and last question from Keith. How sustainable is the lower effective tax rate during this period? That's a good question. I think if you look at where we operate in the world, average tax rate is normally about 20%. I think that 20% is maybe a better number to use, but there are some tax losses that we haven't recognized as tax assets yet. As those companies become more profitable, that will have a lower tax effect on the group. Until we utilize that, it might be a bit all over the show. That's just a function of where we make the profits. Ryan Seaborne from 36ONE AM. What is the Absa bullet that is due? Yeah, the Absa bullet end of June next year is ZAR 25 million. That's what we also might look at refinancing, to raise capital in the business. André from Ninety One says, thanks, André, for clarifying on the previous question. Of the $92 million of committed work in H2, how much of that will convert into actual revenue in H2? Well, maybe Roelof must answer, but it's a difficult one. We have seen it in the past that orders do roll over into next year. All we know is it is committed. We need to do the work. Maybe if ZAR 10 million roll over to next year, it's a head start for next year, but it's going to be the availability of the sites at the different mines, if it's available to do the work on time. Roelof, I'm not sure if it's different. Next question here asks, does the higher H2 revenue imply better margins into H2? With a big chunk of our cost being a fixed cost, in theory, when you make higher revenue, your margins should be higher. Without predicting what's going to happen, the theory is that we'll make higher margins then, depending also on currency, what's happening with the currency, what benefit or disadvantage that will have. Obviously, it will have an effect. Ankit Bansal from Sancta Capital says, congratulations on the excellent set of results. First question, can you share some more details on the contract win for MTB, such as contract length, ARPU, margins, et cetera? Well, thank you very much for the question. The duration would be between the next year to two years, our contractual obligation. In regards to the value, it's substantial for us. Operating margins, our focus is towards successfully implementing this technology and being competitive. I think it's irresponsible to talk about detailed margins at this stage. Thank you. Second question, given the success in securing work for MTB, are you planning to build more MTB machines? If yes, what's the timeline? Yes. Like I said before, our focus is the successful implementation of a first machine. I think, our forecast, if this would be done successfully and correct, it definitely motivates expansion in that business. We have that planned. It would typically take us about nine months to a year to realize another source or resource like the MTB. Okay. No further questions. Thank you.