Panellists and colleagues, ladies and gentlemen, I think we'll commence now, if we can. We have a cast of thousands with us at the panellist table.
I'm sure all of our panellists have been in the room for some of the previous presentations, so I don't think I need to go over the process.
However, suffice it to say that since we have a number of panellists—I have six speakers who I believe will be making brief presentations this morning—I would encourage all of those speakers to please try to contain their comments to five minutes or less. That will allow time for only one seven-minute round of interventions, so we'll have enough opportunities to keep our road show on schedule.
With that, I have a list of speakers before me, and I will start on that.
Our first intervenor will be Mr. Rae, please, for five minutes.