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Universal Music Group NV (UMGNF) CEO Lucian Grainge on Q4 2021 Results - Earnings Call Transcript

Mar. 03, 2022 7:43 PM ETUniversal Music Group N.V. (UMGNF), UNVGY
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Universal Music Group NV (OTCPK:UMGNF) Q4 2021 Earnings Conference Call March 2, 2022 12:15 PM ET

Company Participants

Lucian Grainge - Chairman & CEO

Boyd Muir - EVP, CFO & President, Operations

Michael Nash - EVP, Digital Strategy

Conference Call Participants

Omar Sheikh - Morgan Stanley

Lisa Yang - Goldman Sachs Group

Richard Eary - UBS

William Packer - BNP Paribas Exane

Matthew Walker - Crédit Suisse

Matti Littunen - Sanford C. Bernstein & Co.

Julien Roch - Barclays Bank


Good evening, and welcome to Universal Music Group Fourth Quarter and Fiscal Year Earnings Call for the period ended December 31, 2021. My name is Nadia, and I'll be your conference operator today.

The speakers for today's call will be Sir Lucian Grainge, Chairman and CEO of Universal Music Group; and Boyd Muir, Executive Vice President, CFO and President of Operations. They will be joined during Q&A by Michael Nash, UMG's Executive Vice President of Digital Strategy. [Operator Instructions].

Please let me remind you that management's commentary and responses to questions on today's call may include forward-looking statements, which, by their nature, are uncertain and outside of the company's control. Although these forward-looking statements are based on management's current expectations and beliefs, actual results may vary in a material way.

For a discussion of some of the factors that could cause actual results to differ from expected results, please see the Risk Factors section of UMG's prospectus dated September 14, 2021, which is available on its website at universalmusic.com. Management's commentary will also refer to non-IFRS measures on today's call. Reconciliations are available in the press release on the Investor Relations page of UMG's website.

Thank you. Sir Lucian, you may begin your conference.

Lucian Grainge

Thank you. Good evening, everyone from where we are in Hilversum, and depending on where on

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