Galliford Try recently hosted an investor and analyst visit to some of the projects it is undertaking in Hampshire for Southern Water. A wide range of the company's senior leadership team were also present, including the CEO and CFO. The headline takeaway at the group level was that all divisions are performing very well with little risk seen to funding despite the broader macro pressure on government finances. For water, which is funded by the water companies directly, the main takeaways were the scale of the opportunity ahead in AMP8 through 2030 with AMP9 set to be even larger, Galliford Try's ability to leverage its higher margin adjacent and specialist businesses into that water infrastructure opportunity, and the depth of the company's customer relationships. Uniquely, Galliford Try works with all the water companies in the UK, with whom it has an average 18 consecutive year working relationship currently including 57 active frameworks.