Indorama Ventures Public Company Limited (INDOY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, welcome everyone and thank you for taking time for joining us for Indorama Ventures full year 2024 reserves briefing meeting. My name is Vikas Jalan, Investor Relations and Planning at IDL. Joining me today, Mr. D.K. Agarwal, Deputy Group CEO. Muthu Kumar, Parmasivam and Kumar Radha, President and Co-Leaders for CPAC segment. Alistair Amphor, joining us online from the U.S., Executive President for Indovina. And Diago Bori, Executive President for Fibers. A quick disclaimer, this meeting is being recorded and a replay of this session will be available on our website after the meeting. We have made a few assumptions and estimates on future industry and business trends based on an analysis of available information at this point in time. So with that, I now invite Mr. Agarwal to first share the business and financial highlights and after the prepared presentation, we will open up the session, the floor for Q&A. Over to you, please, Mr. Agarwal. Thank you, Vikas. Very good morning to all of you joining us on the year-end analyst meet. As we always present, let us review the microeconomic landscape which directly or indirectly impacted the industry as well as our business. The world is passing through one of the biggest turmoil periods. In quarter four, the U.S. and China saw some marginal improvement. supported by rising production and new orders, while Europe remained challenging due to weak demand, as you can see on the extreme left top graph. The freight rates declined due to additional vessel capacity which got added, and we also saw improvement in Red Sea crisis. On energy front, weak demand and ample supply kept oil prices lower. They have been very volatile in fourth quarter 2024. Meanwhile, interest rate marginally declined and inflation continues t...