...Good morning and thank you for attending Bunzl's 2024 full year results presentation. I appreciate you joining us today. After my initial introduction, Richard Howes, our CFO, will cover our financial performance, capital allocation, and outlook for 2025. After that, I will summarize our strategic progress during the year. But before we begin, I would like to say thank you to all my colleagues for their diligence and dedication in delivering another year of excellent strategic progress. I want to start today by highlighting the strong and resilient compounding nature of Bunzl, driven by our business model and consistent strategy. Since 2014, we have delivered an adjusted EPS CAGR of 8% with strong consistency of growth over the years driven by both organic and acquisition growth. This, along with our progressive dividend has delivered significant shareholder value over an extended period and we have achieved it alongside a broadly stable adjusted net debt to EBITDA. The group has a very...
