Vivendi Se Unsp/Adr (VIVHY) Q4 2022 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, everyone, and welcome to the Vivendi Full Year 2022 Earnings Presentation. This conference call will be hosted by Mr. Arnaud Dupuy-Fontaine, Chairman of the Management Board and CEO, and Mr. François Larose, Member of the Management Board and CFO. As a reminder, this call is being recorded. During the call, you'll be in listen-only mode. However, later on in the call during the Q&A session, Analyst will have the opportunity to ask three questions without any follow-up questions. This can be done by pressing star 1 on your telephone keypad to register your question at any time. If at any point you require assistance, please press star 0 and you will be connected to an operator. I'd like to turn the call over to Mr. Arnaud, the P410. Please wait, sir. Your line is open. Thank you. Hello, everyone, and welcome, and thank you for joining us today. In a few minutes, I will hand things over to Francois Larose for a detailed review of our annual results. Before that, I would like to highlight the solidity of our group with another year of double-digit growth. Revenues increased by 10.1% compared to 2021, driven by our two main businesses, Avas and Canal+. And Group EBITDA increased by 35.6% or 10% for our controlled businesses, proving their resilience. Adjusted net income, excluding Telecom Italia, increased by 19.4%. Net earnings amounted to a loss of 1 billion, which is the result of Telecom Italia's deconsolidation, François will come back to this. I want to warmly thank all our colleagues around the globe for this very solid performance. The new chapter we wanted to open following the distribution of UMG Group's share capital is off to a great start. 2022 was a turning point for Vivendi, not only because, as I just mentioned, it was the first full year wi...