FY22 results from Rolls-Royce this morning prove not only visibility of the tremendous recovery achieved following several extremely difficult and traumatic years for the company but importantly, before he departed at the end of last year, former CEO, Warren East has delivered everything that he promised. New CEO, Tufan Erginbilgic who took over the CEO role on January 1 st has hit the ground running and his opening words in the FY22 results statement show not only his belief that Rolls-Royce will need to do a lot better in the years ahead but also that what he has today outlined as a 'transformation programme' to move forward he is absolutely determined to make achieve better and more consistent and sustainable performance and future results. First, let me show Tufan Erginbilgic opening remarks: "It is an honour to lead Rolls-Royce, one of the world's most trusted brands and a business with strong positions in growing markets. Our people take tremendous pride in our innovation and engineering solutions.