Nissan Motor Ltd S/Adr (NSANY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, everyone, to the Nissan Financial Results for the Fiscal Year 2024, the Investor and Analyst Session. This is Julian Krell speaking, Head of Investor Relations. Thank you very much for joining. The presentation material can be found on the Nissan IR website. Please be informed of the disclaimer included on the last page of the document and read it carefully. Thank you. For today's presentation, I am joined by Ivan Espinosa, President and CEO, and Jeremy Papin, CFO. Mr. Espinosa will begin the presentation with a brief introduction. Following that, Mr. Papin will present the financial results for the fiscal year 24 and the fiscal year 25 outlook. Afterwards, Mr. Espinosa will provide an update on Renison, the new recovery plan. As always, the session will conclude with a Q&A for which additional members are joining today. So, Ivan, thank you very much for your time. and over to you. Thank you Julian and good evening everyone. Thank you very much for joining as we are announcing our results for FY24 and our plan to recover and position Nissan for long-term success in this very challenging environment. Thank you for allowing us, first of all, the time to do a deeper dive into the situation and develop a prudent plan. Since taking office and with the support of our new and strengthened Executive Committee, we conducted a comprehensive assessment of the situation, including an asset review, and made a careful decision to impair production assets in key markets. Today, I will be sharing our recovery plan with all of you in light of the fiscal year results. But before that, Jeremy will cover the FY24 and FY25 outlook. Over to you, Jeremy. Thank you, Ivan. Good evening, everyone. Fiscal year 2024 has been a challenging year for us, and we anticipate that these chang...