BlueNord ASA (0HTF) Q4 2024 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.166 -- 00:00:03.771 Good morning, everyone, and welcome to our investor presentation for the fourth quarter 00:00:03.771 -- 00:00:05.814 of 2024. It's 00:00:05.814 -- 00:00:10.440 great to have you with us today as we mark an important milestone for Blue Nord, another 00:00:10.440 -- 00:00:14.906 step in us delivering on our long term promise and one that sees us start down the path 00:00:14.906 -- 00:00:17.789 of returning capital to shareholders. 00:00:17.789 -- 00:00:21.474 So over the next half hour or so, we're going to walk you through the highlights of our 00:00:21.474 -- 00:00:26.884 performance over the last three months. reflect on our achievements in 2024 as a whole, 00:00:26.884 -- 00:00:31.831 and give some insight into how we see 2025 developing. 00:00:31.831 -- 00:00:36.717 But before we dive into the details, I want to start by taking a step back. 00:00:36.717 -- 00:00:40.062 Our story has always been one about growth. 00:00:40.062 -- 00:00:45.008 Since 2019, this has been anchored operationally around Tyra, a hub that will more than 00:00:45.008 -- 00:00:48.091 double our production when it's fully ramped up. 00:00:48.091 -- 00:00:53.180 And now, as we stand on the cusp of fully delivering this objective, I'm delighted 00:00:53.180 -- 00:00:58.851 we're able to add the next leg of our narrative, growing shareholder returns. 00:00:58.851 -- 00:01:02.237 And it's against this backdrop that this morning we're announcing our first distribution 00:01:02.237 -- 00:01:08.188 to shareholders. For 2024, we propose to pay out $215 million, 00:01:08.188 -- 00:01:11.615 which is at the top end of our stated policy. 00:01:11.615 -- 00:01:15.963 While this marks the start of our capital returns programme, anyone familiar with our 00:01:15.963 -- 00...