Eutelsat Communications (EUTLF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the utilsat full year 2025-2026 results presentation. For the first part of the conference, the participants will be in listen-only mode. During the questions and answers session, participants will be able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to the speaker, Jean-François Fallacher, Chief Executive Officer, and Sébastien Rouge, Chief Financial Officer. Please go ahead. Hello, welcome and thank you for joining us today in the middle of the summer for Utelsat's full year 25-26 results presentation. I am Jean-François Fallacher, the CEO of Utelsat and I am joined today by Sébastien Rouge, our Chief Financial Officer and Joanna Darlington, Head of Investors Relations. So let's go directly to the meat of this meeting and the highlights of our year. So I want to stress that our LIO revenues were ahead of expectations, up nearly 70% year-on-year to almost 300 million euros. And our LIO revenues are now representing 25% of group total revenues. Overall, our full year 25-26 results are in line with objectives. CAPEX are at just under 600 million euros, below the 900 million euro expectations, and Sébastien will come back to that. In March this year, we've added the final touch to our successful 5 billion euros. complete refinancing package with a 1.5 billion bond offering securing our mid-term capex needs and we also secure the major 350 million call of contract under nexus framework agreement with the french procurement arm of the french mod We also welcomed two weeks ago the US FCC C-BAN clearing order which is expected to deliver 504 million dollars in incentives payment in 2031. And finally, the imminent outcome of the IREA Square first rendezvous is expected to confirm Utelsat leadership on the ...