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ENGIE's (ENGIY) CEO Isabelle Kocher on Q4 2017 Results - Earnings Call Transcript

Mar. 08, 2018 8:06 AM ETEngie SA (ENGIY)
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ENGIE SA (OTCPK:ENGIY) Q4 2017 Earnings Conference Call March 8, 2017 3:00 AM ET


Isabelle Kocher - Chief Executive Officer

Judith Hartmann - Chief Financial Officer


Vincent Ayral - JPMorgan

Emmanuel Turpin - Societe Generale

Vincent Gilles - Credit Suisse

Olly Jeffery - RBC

Carolina Dores - Morgan Stanley

Isabelle Kocher

Well we start. Good morning to everybody. We are very happy to welcome you here at ENGIE headquarters. Thank you for attending this conference either physically in this room or by call or by WebEx because we have lot of analyst connected to this room. We are very delighted with Judith Hartmann, our CFO, with our colleagues from the Executive Committee to present our full year 2017 results. Full year 2017 results we are I have to say extremely proud of. However before doing so, I just would like to take a look back at where we've come from. You remember that we started two years ago, three-year plan in 2016. And we had very clearly defined goal in mind that is to make ENGIE the champion, the champion of the new energy landscape.

The new energy landscape is being inserted by two megatrends. The first one is, the strong willingness of our clients to invest in the improvement of their energy usage. And the second megatrends is the strong willingness of the countries to invest in clean energy production. And this two megatrends they have been made possible by as you know technological evolution of course, but they're triggering a massive flow of investment and they're also reconciling the energy sector with civil society at large. So our first conviction, we would like to share with you today is that, the energy sector is the place to be. So we started two years ago, where we are now. After two years, our three-year plan is 90% completed. So in other

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