Ann: FY21 Full Year Results Presentation, page-13

Yes, re cash flow. With respect to the high cash flow conversion. I'm not sure if it's maintainable but what might explain it is that they're not chasing 'volume' low return/margin contracts which was reflected in the revenue figure which was flat if not slightly negative if my recollection is right? Husbanding working capital and channeling it to high return projects is sensible especially considering they have a full-ish order book. Nice result reflected in the market re-rate response since along with the supportive macro environment. Interesting to see whether they can pass through inflationary costs over the next few reporting periods. Happy with the way it's going