Enel Spa Unsp/Adr (ENLAY) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, and thank you for standing by. Welcome to the E&L nine-month 2024 results conference call. All participants will be a listen-only mode during this conference. I would now like to turn the call over to your speakers, Omar Al-Bayati, Head of Investor Relations, and Stefano D'Angeli, CFO. Please go ahead. Good evening, everyone, and welcome to the MindMount 2024 result presentation, which will be hosted by Enel CFO, Stefano De Angelis. Following the presentation, we will have the usual Q&A session. We ask those connected to the webcast to send questions only via email at investorrelation at enel.com. Before we start, let me remind you that media is listening to both the presentation and the Q&A session. Thank you, and now let me hand over to our CFO. Thank you, Omar, and welcome to everybody. In the third quarter, the group extended the strong and predictable economic and financial results, which played out linearly throughout the quarters. Across all metrics of performance, we are walking the talk of the 2023 Capital Market Day, delivering on all the commitments undertaken. Focusing now only on financials, ordinary EBITDA for the nine months came in at 17.4 billion, up by 6% versus previous year. Ordinary net income at 5.2%. billion is up by 16% year-on-year, confirming the trend observed in the first half of the year. And now we'll dive into CAPEX evolution and how this reflected into the EBITDA performance. Over the period, we deployed investment for around 7.8 billion And more than a half of the capex was spent in grids, in line with our strategy to increase our focus on regulated assets that provide visible and predictable returns. The rest was allocated to support our integrated strategy. From a geographical perspective, we confirm our goal to rebalance ...