William Lee
CEO & Director

So good morning, everyone, and welcome to Renishaw Capital Markets Day. First of all, welcome to John, our new CFO.

John Shipsey
CFO & Executive Director

Thank you very much, Will. Good morning, everybody, and I'd like to add my own warm welcome. Good to see some familiar faces and looking forward to making some new introductions as well through the day. So thank you for coming.

William Lee
CEO & Director

Thanks, John. Yes, I love to see you all and thankfully, no train issues at this time around. First of all, just a big thank you to UBS for hosting us today and for your support as always. A great time for us to be hosting a Capital Markets Day. It feels like this is a really exciting time for Renishaw. We've got a really strong portfolio of core established businesses that are performing really well. We're seeing a real acceleration in those emerging businesses, so key for our strategy.

And it feels like the decisions that we made a couple of years ago on focusing and direction, they are really starting to pay dividends. And you'll hear firsthand on our AM story in a bit more detail later on today. We've got a really exciting innovation. Innovation is really part of us. And you'll see there's a strong portfolio coming through there, both on the