ENGGF - Enagás S.A. (ENGGF) Q4 2023 Earnings Call Transcript
2024-02-20 13:13:03 ET
Enagás, S.A. (ENGGF)
Q4 2023 Earnings Call Transcript
February 20, 2024 3:00 AM ET
Company Participants
Arturo Aizpiri - CEO
Luis Romero - CFO
Conference Call Participants
Javier Suarez - Mediobanca
Javier Garrido - JPMorgan
Alberto Gandolfi - Goldman Sachs
Fernando Lafuente - Alantra'
Ignacio Domenech - JB Capital
Jorge Alonso - Societe General
Presentation
Operator
Good morning ladies and gentleman, welcome to Enagás results presentation for fiscal year 2023 and 2024 targets. The relevant documentation has been published with the National Securities Market Commission CNMV and is available on our website www.Enagás.es. The conference will be led by Arturo Gonzalo, CEO of Enagás, and we expect it to last for about 30 minutes after which we will open the floor to questions and we will attempt to answer them as fully as possible.
Thank you for your participation and now I give the floor to Mr. Arturo Gonzalo.
Arturo Aizpiri
Good morning, ladies and gentlemen, and thank you for attending this conference call. Welcome to this annual results presentation where I will be joined by Luis Romero, our CFO; Diego Trillo, General Secretary and Board Secretary; Felisa Martin, General Director of Communications, Institutional Investor Relations; Cesar Garcia, Director of Investor Relations; and Natalia Mora-Gil, Director of Management Control and Business Analysis. I will divide my speech into 4 parts. I will begin by detailing the results for 2023. Secondly, I will reveal the progress of our strategic plan. I will then share our approach to the future growth of the company with you, and I will finish off by announcing our objectives for 2024 and offering a few conclusions.2023 was a great year for Enagás, exceeding the targets set for the period.
The Spanish Gas System worked perfectly well and continued contributing to the energy security of both Spain and Europe. Our financial results are well above the targets we set ourselves and just as we had announced, we were instrumental in making 2023 the year of hydrogen with major advances in both energy transition and these vectors development which will be key to the company's future. Now on an operational level, the gas system rendered 100% availability and guarantee of supply. The ultra-high flexibility offered by Spain's robust infrastructure network continues to be a competitive advantage for our country. In 2023, we received gas from 17 different countries and reinforced our role as a strategic LNG gateway to Europe. We ranked as the world's largest vessel refueling operator with 157 reloads completed, up 26% year-on-gear....
Enagás, S.A. (ENGGF) Q4 2023 Earnings Call Transcript