Engie SA (ENGIY) Q4 2024 Earnings Call Transcript

Engie SA (OTCPK:ENGIY) Q4 2024 Earnings Conference Call February 27, 2025 9:00 AM ET

Company Participants

Delphine Deshayes – Investor Relations
Catherine MacGregor – Chief Executive Officer
Pierre-François Riolacci – Executive Vice President, Finance, ESG and Procurement
Paulo Almirante – Senior Executive Vice President, GBU Renewable & Flex Power

Conference Call Participants

Harry Wyburd – Exane
Ajay Patel – Goldman Sachs
Louis Bourjard – ODDO
Meike Becker – HSBC
Bartlomiej Kubicki – Bernstein
Juan Rodriguez – Kepler
James Brown – Deutsche Bank

Delphine Deshayes

Good afternoon, everyone. It’s a great pleasure to welcome you to Engie’s 2024 full year results and Market Update presentation. So we have three speakers today. Catherine MacGregor, Pierre François Riolacci and Paulo Almirante. A quick view of the agenda for this afternoon. In the first part, Catherine and Pierre François will review our results and the main events of 2024, followed by a short QA session. In the second part, Catherine will lead us through the market updates. She will be joined by Paulo, Senior EVP in charge of Renewables and Flex Power. Then we’ll have a short break and Pierre François will present the Capital Allocation Strategy and our 2025-2027 financial outlook before some concluding remarks from Catherine. Finally, there will be a longer Q&A session. We’ll take questions from the floor and online.

With that, over to Catherine

Catherine MacGregor

Sure, Delphine, and welcome everyone to what I hope will be an informative event. We hope that in a couple of hours’ time you will go out feeling better about Engie’s strategy, why we are doing it, how we are going to be implementing it and how we will achieve our ambition to be the best energy transition utility.

But to start with, some brief reflection on what we have done in 2024. We extended