I welcome our second panel. Thank you very much for being here.
You're probably aware of the format already, but I'll review it. You've been told to keep your presentations to five minutes. Obviously that's to allow for an exchange with committee members. I will give you an indication, if you wish, when you have a minute remaining, and I would invite you to wind up your presentations before I have to unceremoniously cut you off, which I must do.
We appreciate your time, and we appreciate your being here. The panels have been most interesting.
We'll begin with Mr. Dirk Lever, from RBC Capital Markets. Welcome. Five minutes is yours.