Enel Spa Unsp/Adr (ENLAY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening to all the people connected. Welcome to the full year 2024 result presentation, which will be hosted by an CEO, Flavio Cattaneo and the 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 investor.relations at nl.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 the CEO. Thank you, Omar. Welcome to everybody. We're starting with our focus on rebuilding and constructive dialogue with institutions that is already showing positive and visible outcome. The resulting improvement of regulatory frameworks will support our industrial plan delivery and confirm the value creation of our capital allocation. Group delivery in 024 was visible and based on a solid performance and allowed us to meet all the targets. The result was achieved due to the higher contribution of Iberia, U.S. and Latam at integrated margin level. I will stay for now with detail later on in the presentation. The leverage has been successfully executed and its completion improves our balance sheet flexibility for a more profitable growth. Lastly, in light of the result achieved, we'll propose to the next AGM a dividend per share equal to 47 cents for 2024. implying around 70% payout and 7% dividend yield at the current price. Water and mine floor is confirmed at 46 cents per share over the planned period. As additional shareholder remuneration, the Board of Directors has approved the renewable of the share-by-back program for a maximum 500 million shares and amount up to 3.5 billion. The program will be proposed to the next AGM and the shares acquired will be consequently cancelled. Now,...