We have one other member who will be joining us. He's apparently stuck in traffic. He is Colin Fraser, who is a substitute for Marco Mendicino, who is away today. Colin will be here shortly.
We have two witnesses today, who will each be given 10 minutes. We will begin with Michael and then continue with Christina. At the end of that 20 minutes, we go through questioning. Questions can go to either of you as we continue.
Please go ahead.