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Repsol SA (REPYF) CEO Josu Imaz on Q1 2021 Results - Earnings Call Transcript

May 02, 2021 7:30 AM ETRepsol, S.A. (REPYF), REPYY
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Repsol SA (OTCQX:REPYF) Q1 2021 Earnings Conference Call April 29, 2021 6:30 AM ET

Company Participants

Ramon Alvarez-Pedrosa - Head, IR

Josu Imaz - CEO & ED

Conference Call Participants

Irene Himona - Societe Generale

Oswald Clint - Bernstein

Biraj Borkhataria - Royal Bank of Canada

Thomas Adolff - Credit Suisse

Alastair Syme - Citi

Alessandro Pozzi - Mediobanca

James Hubbard - Deutsche Bank

Jason Kenney - Santander

Matt Lofting - JPMorgan

Joshua Stone - Barclays

Ramon Alvarez-Pedrosa

Thank you, operator. And good afternoon, and welcome to Repsol's First Quarter Results Conference Call. Today's call will be hosted by Josu Jon Imaz, our Chief Executive Officer, with other members of the executive team joining us as well.

Before we start, I advise you to read our disclaimer. During this presentation, we may make forward-looking statements, which are identified by the use of words such as "will," "expect" and similar phrases. Please note that actual results may differ materially depending on a number of factors as indicated in the disclaimer.

I will now hand the call over to Josu Jon.

Josu Imaz

Thank you, Ramon, and thank you to everyone joining this conference call. I hope that all of you are keeping healthy and well.

Today, I'd like to cover the following main topics. Firstly, a review of the key messages of the quarter; secondly, the operating highlights on financial results, and probably an update outlook for 2021. With four of our peers also releasing their quarterly results today. I'll make my best to go straight to the main points. Of course, at the end of the presentation will be available to answer your questions.

Let me start with the Chemicals. Supporting it in a solid set of quarterly results and cash generation Repsol's performance in the first quarter has continued with

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