Enel Spa Unsp/Adr (ENLAY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening to all the people connected. Welcome to the first quarter 2025 result presentation. Enel CEO Flavio Cattaneo will start with a quick highlight and our CFO Stefano De Angelis will present the economic and financial results for the quarter. We ask those connected to the webcast to send questions only via email at investor.relations at nl.com. Before we start, let me remind you that media is listening both the presentation and the Q&A session. Thank you and now let me hand over to the CEO. Thank you, Omar. Welcome to everybody. I'm not used to comment on the first result, but after two years since my appointment, I'd like to highlight some achievements. Some of these achievements are stock performance up by 33%. Dividend paid amount to more than $9 billion. TSR stands at 52%. We have delivered seven quartet of growth, stable, organic, and sustainable, reaching this quartet the highest result ever, obviously on a like-for-like basis. These are the result of clear managerial actions. We have been first mover in resharping capital allocation, adopting a no-ideological and selective approach. We achieved efficiency in every country, including developed ones. We reached already 60% on this 27th improved target. We have increased visibility on future evolution. reduce the exposure to macro volatility with the BDA secured at 90% over the planned period. We have improved the quality of our customer base, focusing on the most valuable client, reducing financial and industrial risk. In addition, We have optimized capital structures and the group is now financially stronger than in the past, ready to catch value of creative opportunity and implement the share buyback program already started in Spain. We have been the first mover also in the shift from Greenfield to Br...