Aker ASA Q4 FY2021 Earnings Call

Joachim Bjorni: Hello, everyone, and good morning. Welcome to this presentation of Aker's Fourth Quarter and Preliminary Annual Results for 2021. We'll start today's presentation with Aker's President and CEO, Øyvind Eriksen, who'll walk you through the highlights in the quarter and how the Industrial Holdings portfolio developed. Our CFO, Svein Oskar Stoknes, will then cover the Financial Investments portfolio and the fourth quarter accounts in more detail. There will be a Q&A session following the presentation. [Operator Instructions] And with that, I hand it over to Øyvind Eriksen. Øyvind Eriksen: Thank you, Joachim, and good morning, everyone. The fourth quarter marks the end of an eventful and busy 2021. We divested businesses and reallocated capital to new industry segments. We strengthened balance sheets and secured long-term financing at attractive terms. We acquired and established new businesses. We hired outstanding leaders and top talents, and we paid attractive dividends to our shareholders. Each transaction stood at its own merits, but all had one strategic rationale in common. We prepared Aker for higher volatilities and market uncertainties driven by geopolitical tension, higher inflation, increasing interest rates and supply chain bottlenecks, just like what we are going through just now. The objectives behind the changes last year were basically twofold: one, prepare Aker for turning market uncertainties into value-accretive countercyclical investments; and