Vivendi Se Unsp/Adr (VIVHY) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening, everyone, and welcome to the Vivendi Full Year 2024 Earnings Presentation. This conference will be hosted by Mr. Arnaud de Puyfontaine, Chairman of the Management Board and CEO, and Mr. François Laroze, 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, during the Q&A session, analysts will have the opportunity to ask a question and this can be done by pressing star one on your telephone keypad to register your vote or your question. In order to allow as many analysts as possible to ask questions, can you please limit yourselves to one question and no follow-up questions? If at any point you require assistance, please press star zero and you will be connected to an operator. And I'd like to hand the call over to your host this evening, Mr. Arnaud Dupuy-Fontaine. Please go ahead, sir. Your line is open. Thank you very much and good evening to everybody. As you're aware, 2024 was an exceptionally busy year for Vivendi, marked by the spin-off project and the respective listings of Group Canal Plus, AVAS and Louis Hachette Group. This operation was completed on a tight schedule running from December 2023 until the approval of the spin-off by 97.5% at the extraordinary general meeting on December 9th, 2024. Following this intense period, the Vivendi Group is now composed of a portfolio of listed investment managed dynamically, including among others, Universal Music Group, Telecom Italia, Bani J, and Media for Europe, and an operational asset with Gameloft, which we continue to support in its transformation into a multiplatform game publisher. The value of these assets as of December 31, 2024 amounts to over 7.1 billion, including 6.9 billion in listed securities. For 2...