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

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.320 We're now going to start this presentation of the results for 2024, and we'd like to 00:00:04.320 -- 00:00:07.768 welcome all of you who are following us online. 00:00:07.768 -- 00:00:12.939 And with us, we've got Beatriz Corredor, the chair of the board, Roberto Garcia 00:00:12.939 -- 00:00:17.469 Marino, who's our CEO, and Emilio Cerezo, who's the corporate economic and financial 00:00:17.469 -- 00:00:20.483 director. I now give the floor to our president. 00:00:20.483 -- 00:00:22.483 Good 00:00:24.190 -- 00:00:29.800 morning, everyone, and welcome and thank you for coming to this presentation. 00:00:29.800 -- 00:00:34.348 Yet again, we'd like to be able to share with you the most relevant milestones achieved 00:00:34.348 -- 00:00:39.357 during the past year, 2024. Talk about RDEA's performance and the earnings of the 00:00:39.357 -- 00:00:44.425 group. 2024 has been especially difficult, both for us 00:00:44.425 -- 00:00:47.049 and for our country and our whole continent. 00:00:47.049 -- 00:00:52.478 And maybe it'd be a good idea to remember that it was four years that we presented 00:00:52.478 -- 00:00:54.201 the 00:00:54.201 -- 00:00:58.368 current strategy plan focusing towards 2025. 00:00:58.368 -- 00:01:03.598 which has now arrived and so there are three things 00:01:03.598 -- 00:01:08.927 you should remember in 2024 our revenues have gone down one-third because of the regulation 00:01:08.927 -- 00:01:14.097 but our investment's gone up three-fold and we've maintained our a minus 00:01:14.097 -- 00:01:19.423 rating with the outlook stable. And that's because of setting 00:01:19.423 -- 00:01:24.650 up excellent management and deep commitment to the market of 00:01:24.650 -- 00:01:30.476 transparency and honest reporting. We'...