Full Year 2023 Balfour Beatty PLC Earnings Call Transcript

Mar 13, 2024 / 09:00AM GMT
Leo Quinn - Balfour Beatty PLC - Group Chief Executive, Executive Director

Good morning, everybody. I'm Leo Quinn, Balfour Beatty's Group Chief Executive, and I'm joined by Phil Harrison today. So I think you know both of us very, very well. We will explain the relevance of the video in my presentation in the second half, but we are becoming more of a tech company, I think, these days in concrete and reinforcement, but all very, very interesting.

So today, I'm going to bring you up to speed on the results of 2023. An interesting year. Balfour Beatty remains a strong, well-positioned de-risked group. Strong -- if you look at our underlying earnings businesses, we've turned in a really solid performance in 2023. Well positioned that if you actually look at those areas where we have our core expertise and our market-leading position, we're well placed to capitalize on the next 10 years of infrastructure growth within the UK, which is a fabulous place to be.

And then thirdly, our ability to generate cash is just outstanding. And as somebody pointed out to me that we've generated all this

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