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Naturgy Energy Group SA (GASNF) CEO Francisco Reynés Massanet on Q1 2020 Results - Earnings Call Transcript

May 03, 2020 12:04 PM ETNaturgy Energy Group, S.A. (GASNF), GASNY
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Naturgy Energy Group SA (OTCPK:GASNF) Q1 2020 Earnings Conference Call April 29, 2020 6:00 AM ET

Company Participants

Abel Arbat - Head, IR

Francisco Reynés Massanet - CEO & Chairman

Steven Fernández - Director, Capital Markets

Jon Ganuza - Director, Controlling

Carlos Álvarez - CFO

Conference Call Participants

Alberto Gandolfi - Goldman Sachs Group

Javier Suarez - Mediobanca

Fernando Garcia - RBC Capital Markets

Harry Wyburd - Bank of America Merrill Lynch

Jorge Guimarães - JB Capital Markets

Manuel Palomo - Exane BNP Paribas

Abel Arbat

Good morning, everyone. This is Abel Arbat speaking from the Capital Markets team at Naturgy. First of all, we hope you and your families are well and safe. And we thank you for joining our first quarter results presentation.

Given the unique circumstances caused by the COVID-19 and its wide implications, today, our Chairman will be accompanying us throughout the quarterly results and will be sharing his perspective on how we, as a company and individuals, are viewing and responding to the ongoing developments.

Together with our Chairman, the results itself will be then presented by our Capital Markets Director, Steven Fernández; our Controlling Director, Jon Ganuza; and our CFO, Carlos Álvarez. Finally, we will be heading to conclusions and live Q&A. Now with further ado, I will hand it over to our Chairman, who will be covering the first section of the presentation, not necessarily going through every specific page.

So with that said, please, Chairman, you can go ahead.

Francisco Reynés Massanet

Thank you very much, Abel, and good morning to everyone. First of all, I would really like to stress all my condolences and share my sympathy, and Naturgy's sympathy, with those of you that may have suffered in your families, relatives or friends, any of this big disaster that the world is today facing in front, with hundreds of

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