Naspers Limited (NPSNY) Q4 2023 Earnings Call Transcript

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Naspers Limited (OTCPK:NPSNY) Q4 2023 Earnings Conference Call June 27, 2023 10:00 AM ET

Company Participants

Eoin Ryan - IR
Bob van Dijk - CEO
Basil Sgourdos - CFO
Larry Illg - CEO, Prosus, Food Delivery & Edtech
Ervin Tu - Group Chief Investment Officer

Conference Call Participants

Joseph Barnet-Lamb - Credit Suisse
Cesar Tiron - Bank of America
Christopher Johnen - HSBC
William Packer - Exane BNP Paribas
Andrew Ross - Barclays
Lisa Yang - Goldman Sachs
Catherine O'Neill - Citi
Warwick Bam - RMB Morgan Stanley
Silvia Cuneo - Deutsche Bank

Operator

Good day, ladies and gentlemen, and welcome to the Prosus Naspers FY ‘23 Results Call. All participants will be in listen-only mode and there will be an opportunity to ask questions later during the conference. [Operator Instructions] Please also note that this event is being recorded.

I will now hand the conference over to Eoin Ryan. Please go ahead.

Eoin Ryan

Great. Thanks, Chris, and welcome everyone. Thanks for joining us on the call today. With me on the call, I have our CEO, Bob van Dijk; and our CFO, Basil Sgourdos. They're going to take us through the key highlights for the year and then the proposal to eliminate the cross-holding. We'll then move to Q&A at which time we'll be joined by Bob’s team and the segment's CEOs. And as always, please reach out to IR, if you have any follow-ups afterwards.

Before I hand it over, I want to do some quick housekeeping items. We've commenced, but not completed the exit from OLX Autos business. So as such, our reported IFRS continuing ops still include some Autos operations whose exit process was not finalized at the 31st of March. Our intention remains to exit these businesses and as such, we thought it more useful to present pro forma numbers excluding

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