Full Year 2024 Auction Technology Group PLC Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Gareth Davies - Deutsche Numis - Analyst : Gareth Davies, Deutsche Numis. Three for me to kick off, and apologies on the first one if you answered it. But just for clarification. Really helpful, the kind of breakdown by asset class. In terms of the gray conversion rate, the 77% to 74%. In my head as the category matures, I would have expected a slightly more stable conversion rate. Just understanding that. Is that just the swing factor we should expect in any period because big ticket items are really important.

Question: Gareth Davies - Deutsche Numis - Analyst : And then the second one. On the I&C side, decent improvement to 2.5% take rate. Can you give any flavor for kind of what are sort of all singing, all dancing customer? What kind of take rate that you could be getting from them already? And at the low end on the other side, somebody that's paying a lower commission rate. What's the sort of spectrum of commission in I&C?

Question: Gareth Davies - Deutsche Numis - Analyst : And then final one, quite specific numbers. One the CapEx of $12 million. Is there kind of anything specific there in terms of projects that you'd call out or is that just a sort of maintenance level of CapEx looking forward that we should think about?