National Express Group PLC to Discuss Combination with Stagecoach Group PLC Call Transcript

Dec 14, 2021 / 10:00AM GMT
Jose Ignacio Garat - National Express Group PLC - Group CEO & Director

Good morning, everyone. I'm delighted that you have joined us this morning as we have announced the recommended combination between National Express and Stagecoach. I will walk you through the combination highlights, both for our U.K. business as well as for the wider National Express Group. Tom Stables, who runs our National Express U.K. business will talk you through the strategic rationale of the multitude of opportunities this combination yields in the U.K.

Chris will then walk you through the attractive financial impact of the business, including the accelerated capacity for growth investment across the diversified portfolio. And finally, I'm really pleased to welcome Ray O'Toole as current Chairman of Stagecoach and former Chief Operating Officer of National Express until 2010. Ray has a unique perspective across both businesses and will take over from Sir John Armitt as Chairman of the combined group upon completion.

Moving to Slide 2. As I said out at our Capital Markets Day a few weeks ago, we are very

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