Redeia Corp U/Adr (RDEIY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

We're now going to start this presentation of the results for 2024, and we'd like to welcome all of you who are following us online. And with us, we've got Beatriz Corredor, the chair of the board, Roberto Garcia Marino, who's our CEO, and Emilio Cerezo, who's the corporate economic and financial director. I now give the floor to our president. Good morning, everyone, and welcome and thank you for coming to this presentation. Yet again, we'd like to be able to share with you the most relevant milestones achieved during the past year, 2024. Talk about RDEA's performance and the earnings of the group. 2024 has been especially difficult, both for us and for our country and our whole continent. And maybe it'd be a good idea to remember that it was four years that we presented the current strategy plan focusing towards 2025. which has now arrived and so there are three things you should remember in 2024 our revenues have gone down one-third because of the regulation but our investment's gone up three-fold and we've maintained our a minus rating with the outlook stable. And that's because of setting up excellent management and deep commitment to the market of transparency and honest reporting. We'll be presenting our outlook as well for 2025. And at the end of the presentation, there'll be a Q&A. So we'll be answering any questions you wish to put to us. So let's start. going over the international context in which the company has been operating over the last year and in which we will probably continue to operate during 2025. We're at a geopolitical crossroads and recent events have shown very clearly that the age of stability and cooperation... seems to be over. In front of us, we have a scenario of uncertainty, complexity and volatility, which means that we have to get r...