Rai Way S.p.A. (0R40) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the Coruscant Conference Operator. Welcome and thank you for joining the Raiwell Forum. full year 2024 results analyst presentation. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Andrea Moretti, Head of IR of Raiway. Please go ahead, sir. Thank you, operator. Good evening and welcome to everyone. During today's presentation, we will cover full year 2024 financial results, operational achievements, and we'll finally provide an outlook for 2025. As usual, today's speakers will be our CEO, Roberto Cecatto, the CFO, Adalberto Pellegrino, and Giancarlo Benucci, our Chief Corporate Development Officer. Mr. Cecato will start with an overview of Railway's financial results during its first decade as a listed company on page four. Please go ahead, sir. Thank you, Andrea, and good evening to everybody. As Railway went public in November 2014, we recently celebrated our first 10 years on the stock exchange. We marked a successful growth both for our financial and consequently for the stock price. Stripping out the accounting boost from IFR 16, our adjustment EBITDA jumped over the period by over 66% and reached a record level of 63.3% of revenues compared to the 50.7% in 2014. Net income is up 3%. 2.7 times going from 34 millions to 90 and almost every euro was distributed over the years to our shareholders who have already seen more than 86% of their initial investment returned through dividends. This was also allowed by our strong recurring cash generation, which almost doubled, re...