The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Andrew J. Wilson - JPMorgan Chase & Co, Research Division - Analyst
: I've got 3 I guess, in different areas. Maybe starting with Detection. Just interested, appreciating the uncertainty around the kind of the OE backdrop
and particularly, I guess, the timing of orders on that side of the business. But interested if you are -- I guess, interested on the indications you're
getting from customers on the aftermarket side, I guess, particularly thinking about the aviation side? And just what -- I guess, what indication
you're getting from customers in terms of their funds on maintenance schedules as we go through, obviously, what's been quite a disruptive
period? Maybe if I just start there.
Question: Andrew J. Wilson - JPMorgan Chase & Co, Research Division - Analyst
: And I guess, if you -- sort of the base case is that you start to see some of those, I guess, well, utilization numbers improving, and there's no reason
why Detection shouldn't be benefiting from that then? If we could sort of think that we're probably at the [12th hole] past the trough in terms of
those kind of activity levels.
Question: Andrew J. Wilson - JPMorgan Chase & Co, Research Division - Analyst
: Perfect. And maybe kind of the second one, I guess, on Detection. Just interested, you mentioned around the kind of the PathSensors acquisition
and what that might open up. And I think the way this phrase when you made the acquisition, it was kind of complementary or accelerating
technology on something that Smiths Detection already was working on or had or had similar technologies? And I guess, interested on what other
opportunities, if any, there are in terms of -- for Detection. So if we think about kind of topically the fight against COVID, what kind of opportunities
might we see coming through on the Detection side?
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SEPTEMBER 24, 2020 / 8:00AM, SMIN.L - Full Year 2020 Smiths Group PLC Earnings Presentation
Question: Andrew J. Wilson - JPMorgan Chase & Co, Research Division - Analyst
: That's very clear. Maybe I can just squeeze one quick one in just on the John Crane side. Just interested, I guess, obviously, around the comments
on OEM tenders, I guess, on the oil and gas side. But just noticing that sort of barrels have started to increase again, past the trough, not back to
where they were, but kind of off the trough. Just if there's any kind of signs of -- well, in terms of life science improvement, in terms of just some
indications on some of that activity picking up just as we kind of look forward?
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