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Eutelsat Communications SA (EUTLF) CEO Rodolphe Belmer on Q4 2018 Results - Earnings Call Transcript

Aug. 01, 2018 4:32 PM ETEutelsat Communications S.A. (EUTLF)
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Eutelsat Communications SA (OTCPK:EUTLF) Q4 2018 Earnings Conference Call August 1, 2018 3:00 AM ET


Rodolphe Belmer - CEO & Director

Michel Azibert - Deputy CEO and Chief Commercial & Development Officer

Sandrine Téran - CFO & IT Officer

Yohann Leroy - Deputy CEO & CTO


Nicholas Dempsey - Barclays Bank

Giles Thorne - Jefferies

Paul Sidney - Crédit Suisse

Patrick Wellington - Morgan Stanley

Laurence Davison - Deutsche Bank

David Stroke - Credit Agrical

Sami Kassab - Exane BNP Paribas


Good day and welcome to the Eutelsat Communications full year's results. [Operator Instructions]. At this time I would like to turn the call over to Mr. Rodolphe Belmer, please go ahead, sir.

Rodolphe Belmer

Welcome and thank you for joining us today for our full year results presentation. I am Rodolphe Belmer, CEO, and I am joined on today's call by Michel Azibert, Deputy CEO and Chief Commercial Officer; Yohann Leroy, Deputy CEO and Chief Technical Officer; and Sandrine Teran, CFO.

Let's start by taking a quick look at the highlights of the year. First, I'm pleased to report that we fully delivered and in some cases over delivered on all of our financial objectives. This is the second year running. In particular, I will highlight the progressive improvement in revenue trends through the year, for the five operating verticals taken collectively, as predicted. Moreover in terms of financial discipline, we are ahead of track on our LEAP cost saving program. The successful application of our design-to-cost policy is having a tangible effect on CapEx and we will be able to reduce our CapEx envelop for the coming years. And the disposal of our stake in Hispasat added to our organic de-leveraging efforts means that we have achieved our target of 3x net debt to EBITDA ratio.

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