Telesat Corporation (TSAT) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

This conference is being recorded. All participants, please stand by. Your meeting is ready to begin. Good morning, ladies and gentlemen. Welcome to the conference call to report the fourth quarter 2024 financial results for Telesat. Our speakers today will be Dan Goldberg, President and Chief Executive Officer of Telesat, and Andrew Brown, Chief Financial Officer of Telesat. I would now like to turn the meeting over to Mr. James Ratcliffe, Vice President of Investor Relations. Please go ahead, Mr. Radcliffe. Thank you, Giselle, and good morning, everyone. This morning, we filed our annual report for the period ending December 31st, 2024 on Form 20F with the SEC and on CDAR+. Our remarks today may contain forward-looking statements. There are risks that tell us that actual results may differ materially from the results contemplated by the forward-looking statements as a result of known and unknown risks and uncertainties. For a discussion of known risks, please see TELUSAT's annual report filed with the FDC. TELUSAT assumes no responsibility to update or revise these forward-looking statements. I'll now turn the call over to Dan Goldberg, TELUSAT's president and chief executive officer. Okay, thanks, James, and thank you all for joining us this morning. I'll say a few words about our performance in 2024 and then talk about our key objectives and expectations for 2025. I'll then hand over to Andrew to speak to the numbers in more detail, and then we'll open the call up to questions. 2024 was a pivotal and productive year for Telesat, and I'm very pleased with what we accomplished. We delivered focused, disciplined execution in our geo business, resulting in revenue and adjusted EBITDA that were above our guidance. And we deployed a portion of the healthy cash flows th...