Cochlear Limited (CHEOF) Q2 2023 Earnings Call Transcript

Cochlear Limited (OTCPK:CHEOF) Q2 2023 Earnings Conference Call August 14, 2023 8:00 PM ET

Company Participants

Dig Howitt – Chief Executive Officer, President

Stuart Sayers – Chief Financial Officer

Conference Call Participants

David Low – J.P. Morgan

Mathieu Chevrier – Citi

Steve Wheen – Jarden

Andrew Goodsell – MST Marquee

Saul Hadassin – Barrenjoey

Chris Cooper – Goldman Sachs

Sean Laman – Morgan Stanley

David Stanton – Jefferies

David Bailey – Macquarie

Susannah Ludwig – Bernstein

John Copley – UBS


Thank you for standing by, and welcome to the Cochlear Limited FY ’23 Results, Analyst and Media Briefing. All participants are in a listen-only-mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions].

I would now like to hand the conference over to Mr. Dig Howitt, Chief Executive Officer and President. Please go ahead.

Dig Howitt

Thank you. Thanks all for joining us today. Great to have you with us to talk through our FY’23 results and outlook. So let’s get started.

As always, we start with our mission that guides all that we do at Cochlear, both in our strategy and our day-to-day work. And sitting under our mission is our strategy and thinking particularly of what’s the impact that Cochlear has on society, on our customers, on our people, on the environment and financially and we talk about our strategy in that context.

I’m not going to go through all of the detail on this slide. You can read through it. But the one point I did want to make is that, in helping over 44,000 people here in the last year, the net societal benefit of that is over $7 billion, which just shows how cost effective our products are, that we can conservatively create that sort of value with what we do. And that comes from healthy outcomes, educational cost savings

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