British Sky Broadcasting Group ( BSY) Interim 2010/2011 Earnings Call January 27, 2011 10:00 am ET Executives Jeremy Darroch - Chief Executive Officer Andrew Griffith - Chief Financial Officer Analysts Stanley Martinez – Legal and General Investment Management Adam Spielman – PPM America Larry Haverty – GAMCO Investors Allan Nichols – Morningstar PresentationOperator
Thank you and welcome to British Sky Broadcasting’s Interim Results Conference Call. Today’s call is being recorded. Hosting the call will be Jeremy Darroch, Chief Executive Officer and Andrew Griffith, Chief Financial Officer. This call is the property of British Sky Broadcasting Group TLC and it may not be recorded for broadcast without the written permission of British Sky Broadcasting Group TLC. This call may include certain forward-looking statements with respect to the group’s business and strategy. All forward-looking statements are subject to risks and uncertainties and are qualified by the precautionary statements in Sky’s 2010 annual report. I would now like to hand the call over to Mr. Jeremy Darroch, Chief Executive Officer. Jeremy Darroch Okay, thank you. Good morning everybody and thanks for joining us today. Now hopefully you’ve had a chance to look at today’s results and also to download the slides from our website. So what I’d like to do is run through the highlights and then we’ll follow that up with any questions that you may have. So in summary we’ve had an excellent first half. Total growth was ₤2.2 million and we achieved our milestone of 10 million customers part way through the second quarter. We continued to see strong demand for our products pretty much across the board, particularly in HD and Home Communications. Revenues were up 15% to ₤3.2 billion with a strong performance in retail advertising and wholesale.