LBTYB - Liberty Global Ltd (LBTYA) Q1 2024 Earnings Call Transcript
2024-05-02 19:03:11 ET
Liberty Global Ltd (LBTYA)
Q1 2024 Results Conference Call
May 02, 2024 9:00 AM ET
Company Participants
Michael Fries - Vice Chairman, President & CEO
Charles Bracken - Executive VP & CFO
Ritchy Drost - Chief Financial Officer
Lutz Schu¨ler - Chief Executive Officer
Conference Call Participants
Joshua Mills - BNP Paribas
Maurice Patrick - Barclays
Ulrich Rathe - Bernstein Societe Generale Group
Robert Grindle - Deutsche Bank
Steve Malcolm - Redburn Atlantic
Matthew Harrigan - the Benchmark Company
Carl Murdock-Smith - Berenberg
Presentation
Operator
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Liberty Global's First Quarter 2024 Investor Call. This call and the associated webcast are the property of Liberty Global, and any redistribution, retransmission or rebroadcast of this call or webcast in any form without the express written consent of Liberty Global is strictly prohibited. [Operator Instructions].
Today's formal presentation materials can be found under the Investor Relations section of Liberty Global's website at libertyglobal.com. After today's formal presentation, instructions will be given for a question-and-answer session. Page 2 of the slides details the company's safe harbor statement regarding forward-looking statements.
Today's presentation may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the company's expectations with respect to its outlook and future growth prospects and other information and statements that are not historical fact. These forward-looking statements involve certain risks that could cause actual results to differ materially from those expressed or implied by these statements. These risks include those detailed in Liberty Global's filings with the Securities and Exchange Commission, including its most recently filed Forms 10-Q and 10-K as amended. Liberty Global disclaims any obligation to update any of these forward-looking statements to reflect any change in its expectations or in the conditions on which any such statement is based.
I would now like to turn the call over to Mr. Mike Fries.
Michael Fries
Hello, everyone, and thanks for joining our first quarter investor call. Charlie and I are going to handle the prepared remarks, as we usually do. And then during the Q&A, I'll get other folks from our management team involved as needed.
And to get us started, I going to jump right in on Slide 4 with three key takeaways from Q1. First of all, on our last call, we articulated a strategic plan to both create and deliver value to shareholders. The rationale for that plan was pretty clear. Despite repositioning our operating perimeter over the last 5 to 7 years with timely market exits and end market consolidations, despite purchasing nearly 60% of our shares. And despite successful redomiciling to Bermuda, we continue to trade at a substantial discount to our sum of the parts or net asset value....
Liberty Global Ltd (LBTYA) Q1 2024 Earnings Call Transcript