Cellnex Telecom Sa Ord (CLNXF) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.172 Hello, good afternoon. 00:00:02.172 -- 00:00:08.634 Welcome everyone to Cellnex Telecom's first half 26 results presentation. 00:00:08.634 -- 00:00:13.075 I'm Maria Carrapato and it's a pleasure to be with you today again. 00:00:13.075 -- 00:00:17.376 Before we begin, as usual, I'd like to remind you that this presentation contains forward-looking 00:00:17.376 -- 00:00:23.832 statements. Please refer to the disclaimer included in the appendix in the slide deck. 00:00:23.832 -- 00:00:28.754 Marco will open the presentation with the main highlights, Raimon will take you through 00:00:28.754 -- 00:00:33.855 the financial performance, and then Marco and Simone Battiferri, our COO, 00:00:33.855 -- 00:00:38.096 will close with some considerations on other industrial and strategic topics that are 00:00:38.096 -- 00:00:43.497 often raised by the market. With that, let me hand you over to Marco. 00:00:43.598 -- 00:00:47.679 Thank you. Thank you, Maria. Good afternoon, everyone. 00:00:47.679 -- 00:00:53.557 So, before going into the number, let me frame the first half in one sentence. 00:00:53.557 -- 00:00:58.039 Sunlinks is delivering exactly on the model we described to the market. 00:00:58.039 -- 00:01:03.481 Predictable organic growth, expanding margins, accelerating free cash flow and tangible 00:01:03.481 -- 00:01:05.941 shareholder remuneration. 00:01:06.542 -- 00:01:11.303 Let me highlight the four key messages of the first half. 00:01:11.303 -- 00:01:16.605 First is that operational momentum remains strong. 00:01:16.605 -- 00:01:21.768 Organic points of presence growth reached plus 4.9% year-on-year, confirming 00:01:21.768 -- 00:01:26.071 sustained demand from customers across the entire portfolio. 00:01:26.071 -- 00:01:29.053 This...