AVACF - Avance Gas Holding Ltd (AVACF) Q1 2024 Earnings Call Transcript
2024-05-15 14:20:20 ET
Avance Gas Holding Ltd (AVACF)
Q1 2024 Earnings Conference Call
May 15, 2024, 08:00 ET
Company Participants
Oystein Kalleklev - CEP
Randi Bekkelund - CFO
Conference Call Participants
Climent Molins - Value Investor's Edge
Presentation
Oystein Kalleklev
Okay. Thank you, everybody. And it's a pleasure to having you here. I just have the Executive Chairman. I'm not the CEO and Board Member of the company, but I'm sitting here together with our CFO, Randi Navdal Bekkelund, and we have some really good numbers to share with you today. Quite suddenly had an auto probably close to 25 degrees, so we will do this rather shortly, and I think the numbers speak for themselves.
So let's jump into ordinary -- I have to go through the disclaimer -- the ordinary disclaimer. Yeah, the ordinary disclaimer, of course, we are providing some expectation, forward-looking statements, and some non-GAAP measures. So just be cautious about that and I would recommend reading the presentation together with the earnings release.
Next slide. This time, we also have added a special caution. The dividend in this presentation is so strong that we also have to have a medical warning because there is some risk of shortness of breath, increased blood pressure, general of it [indiscernible] impulses. I forgot to also add here that there might be some PTDS, post-traumatic dividends syndrome.
So let's start with the highlights of the quarter being, of course, the dividend and our last year was a fantastic year for Avance guests. We delivered our second-best numbers ever, $163.6 million in total on the bottom line. And of course, given the healthy cash balance we had, we also paid out slightly in excess of that, 101% payout ratio, almost $165 million in dividends for those four quarters....
Avance Gas Holding Ltd (AVACF) Q1 2024 Earnings Call Transcript