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Ocado Group PLC Cash Flow Modelling Seminar Transcript
Thank you very much for joining us this afternoon. We've got 1.5 hours. We've got a hard stop at 4:30. So we're going to try and rattle through the slides in about 45 minutes if we can, leaving the balance for Q&A.
I think we're just 2 weeks short exactly to the day on 6 months ago of when we did our modelling seminar from an EBITDA perspective on the 25th of May. And we've heard a lot of feedback subsequently that we really enjoyed that session, but we'd like to know a lot more about cash flow, returns on cash flow because that's particularly important to the Ocado business model and the equity narrative, the investment case for Ocado Group. So what we're going to try and do in the next 1.5 hours, the next 45 minutes.
Next slide, please. Sorry, I clicked through, I don't have (inaudible) myself there. So 3 core objectives. First of all, a better understanding of the key drivers of cash flows, the unit economics and then the drivers that move those economics in either an up or down direction. Providing a
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