Umicore Sa Ord New (UMICF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Umicore full year results 2025 conference call. Your speaker for this call will be Bart Satt, CEO, and Vanes Pfefferon, CFO. For the first part of the conference, the participants will be in listen-only mode. During the question and answer session, the analysts joining the call are able to ask questions by clicking on the raise your hand button on the player. I will now hand the conference over to the speakers. Please go ahead. Good morning, everyone, and welcome to the full year results 2025 of Umicore. And as you can see here, of course, we have taken this picture, a beautiful gold nugget, and I think for the ones following us will understand why we have put that picture forward. And of course, I'll be coming back on that later when I look back on 2025. Now, if you read our set of numbers, I would like to highlight again that we have adjusted during the CMD a new reporting structure, a different segmentation in our business group. So please do have another good look at this slide because we will be reporting and commenting the numbers in the new structure. So Juan is sitting here on the left with me and he will also comment of course on the finance and some of the business trends as well as usual. And let's have a short look at the agenda. Nothing particular here. First of all, we go on the core strategy, the key numbers. We go over the outlook ultimately for 2026 and then hopefully have an engaging Q&A at the end of the session. Yes, our core strategy. Now, we launched our core strategy in March 2025 where we Indeed had a different approach and not just chasing growth at any cost, much more towards that value recovery and battery materials, but also more value extraction in our foundation businesses. And roughly around the time...