Paratus Energy Svcs Ltd (PLSVF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

I will now hand you over to your hosts. Good day, everyone. Welcome to this fourth quarter and unaudited full year 2024 results presentation for Aperitus Energy Services Limited. My name is Robert Jensen, and I am the CEO of Aperitus. Joining me on the call today is Baton Hajimemedi, our CFO. Before we begin today's presentation, I would like to remind all participants that some of the statements on this call may involve forward-looking statements. Forward-looking information involve risks and uncertainties by nature that may cause actual results to differ materially from those projected in such statements. I therefore refer you to our latest public filings. Now let's start with a summary of the key highlights for 2024, including the fourth quarter. As you know, 2024 was a transformative year for Paritas. Early 24, we finalized the transition from Cedral and established Paritus as a fully independent organization. In June, we successfully completed a $500 million partial refinancing in the Nordic bond market, shifting the majority of the vast majority of our debt to 2029. Later in the same month, we also began life as a public company following an IPO on the Euronext Growth Oslo. This initial listing was followed by an uplisting to the main list of the Oslo Stock Exchange towards the end of last year. We also initiated our shareholder return program and declared quarterly dividends of 22 cents per share for both the second and the third quarter. In total, we returned approximately 10% of our market capitalization to shareholders during the second half of 2024. Today, we announced another quarterly dividend, again at 22 cents per share, and launched a $20 million share buyback to be conducted as a reverse book building process. The $20 million buyback marks the first ...