Besi ended 2021 with a solid liquidity base consisting of cash, cash equivalents and deposits aggregating € 672.2 million, or € 8.62 per basic share. Further, net cash of € 370.4 million increased by € 171.7 million, or 86.4%, versus year end 2020. Given profits earned in 2021, continued strong cash flow generation and our solid financial position, we propose to pay a cash dividend of € 3.33 per share for approval at Besi's 2022 AGM. The proposed distribution is the twelfth consecutive annual dividend paid and reflects a pay-out ratio relative to net income of 92%.