Veolia Environnement Adr (VEOEY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to the Viulia H1 2025 results conference call with Estelle Grashinov, CEO, and Emmanuel Manning, CFO. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Thursday, July 31st, 2025. I would now like to turn the conference over to Estelle Rationale. Please go ahead. Thank you, and good morning, everyone. Thanks for joining this conference call to present the ODS H1 key figures, and I'm accompanied by Emmanuel Mening, our CFO. I'm on slide four for the key takeaways. First and foremost, our H1-25 results are very strong. with Q2 performance in line with Q1. Those results are perfectly in line as well with our annual objectives and enable us to fully confirm our guidance for the year. In a rather challenging environment, this performance is really a testimony to the strength of our business model of resilience and growth, with a successful combination of stronghold and booster activities and a diversified international portfolio. As you know, the Velia value creation model is fueled by three levers, growth, performance, and capital allocation. Those three levers were again successfully in action in H1, and I will detail each of them in a minute. Regarding capital allocation, I would like to highlight that H1 has been particularly dynamic with 2.2 billion euros of net M&A, invested many in our boosters, while keeping debt under control, of course. This includes the buyout of CDP2 30% stake in water technologies, enabling us to accelerate value creation, as well as nearly 300 million in targeted acquisition in hazardous w...