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Accor SA (ACRFF) CEO Sébastien Bazin on Q2 2021 Results - Earnings Call Transcript

Aug. 01, 2021 11:48 AM ETAccor SA (ACRFF)
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Accor SA (OTCPK:ACRFF) Q2 2021 Earnings Conference Call July 29, 2021 2:30 AM ET

Company Participants

Sébastien Bazin - Chairman & Chief Executive Officer

Jean-Jacques Morin - Chief Financial Officer

Conference Call Participants

Jamie Rollo - Morgan Stanley

Jaafar Mestari - Exane

Simon LeChipre - Stifel

Bilal Aziz - UBS

Richard Clarke - Bernstein

Leo Carrington - Credit Suisse

Andre Juillard - Deutsche Bank

Alex Brignall - Redburn

Ali Naqvi - HSBC


Hello and welcome to the Accor 2021 Half Year Results Call. My name is Jess [ph] and I'll be your coordinator for today's event. [Operator Instructions]

I will now hand you over to your host, Sébastien Bazin, Chairman and CEO of Accor to begin today's call. Thank you.

Sébastien Bazin

Thank you very much. Good morning, everyone. Here we are for the H1 semi-annual reporting numbers for Accor. I'm happy to be with you. Jean-Jacques is next to me. He is on my right. So, let's start to have a good positive conversation and of course be super factual.

What you have on page 4, which says recovery context is three things on this page. The first, of course on the left. It's certainly better than where we stood last year on June 20 where 87% of all our countries were actually closed or partially closed. That number is today 63%. I would have wished that number to be way below 50%. It is not the case as of yet. So we're still in a bit of a muddy water in terms of navigating through different countries and different rules. However, what you have in the middle of that page is very, very interesting and certainly positive. We haven't shown you here and we should have the months of January, February April. You do see April here at minus 64%. If you really were looking for the two months prior to this, that was

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