Thank you very much, Mr. Shugart and the other officials, for being here. We certainly appreciate it.
We will now go to the next part of the panel and invite our three guests to appear, please.
I'd like to welcome our three guests. We have asked them to keep their presentations to five minutes each, which will allow the maximum length of time for questioning.
I have this little grey box here. I think certainly Mr. Drexhage is familiar with it. We'll try to keep you to five minutes, and then we'll have the maximum amount of time for questions.
We'll begin with Mr. Lavoie, please.