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Veolia Environnement S.A. (VEOEY) CEO Antoine Frerot on Q1 2021 Results - Earnings Call Transcript

May 06, 2021 6:29 AM ETVeolia Environnement SA (VEOEY), VEOEF
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Veolia Environnement S.A. (OTCPK:VEOEY) Q1 2021 Earnings Conference Call May 5, 2021 2:30 AM ET

Company Participants

Antoine Frerot - Chairman and Chief Executive Officer

Estelle Brachlianoff - Chief Operating Officer

Claude Laruelle - Chief Financial Officer

Olivier Brousse - Head of Strategy and Innovation

Conference Call Participants

Emmanuel Turpin - Societe Generale

Philippe Ourpatian - ODDO BHF

Olivier Van Doosselaere - Exane

Juan Rodriguez - Kepler Cheuvreux

Andrew Fisher - Berenberg


Ladies and gentlemen and welcome to the Veolia Conference Call on Q1 2021 Results Publication with Antoine Frerot, CEO; Estelle Brachlianoff, COO: Claude Laruelle, CFO and Olivier Brousse, Head of Strategy and Innovation.

I'll now hand over to Mr. Antoine Frerot. Sir, please go ahead.

Antoine Frerot

Thank you. Good morning, ladies and gentlemen and thank you for attending this conference call on Veolia first quarter 2021 results. This morning I am with Estelle Brachlianoff, our COO; Claude Laruelle, our CFO; and Olivier Brousse, our Head of Strategy. Before presenting you our Q1 highlights with Estelle, I will say a few words with the agreement signed on April 11 with the board of Suez to acquire the majority of Suez assets outside France and to become the undisputed leader in the ecological transformation. Claude, will give you details on Q1 key figures and we will then answer your questions.

So I will begin on Page 5. On April 11, we signed a landmark agreement with the board of Suez to buy Sues shares at EUR20.5 per share, dividend included. This project has been considered several times in the past that had never been accomplished. It is now finally happening and it opens great opportunities for the combined entity. With these agreements, Veolia is adding nearly EUR10 billion of international revenues to its existing network where Suez will remain including on the one hand, all expense

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