VTTGF - VAT Group AG (VACNY) Q2 2024 Earnings Call Transcript
2024-07-18 16:02:06 ET
VAT Group AG (VACNY)
Q2 2024 Earnings Conference Call
July 18, 2024, 05:00 ET
Company Participants
Urs Gantner - CEO
Fabian Chiozza - CFO
Michel Gerber - VP, Investor Relations and Sustainability
Conference Call Participants
Olivia Honychurch - Jefferies
Jörn Iffert - UBS
Sebastian Kuenne - RBC Capital Markets
Sandeep Deshpande - JPMorgan
Timm Schulze-Melander - Redburn Atlantic
Craig Abbott - Kepler Cheuvreux
Robert Sanders - Deutsche Bank
Nejc Lavric - Octavian
Didier Scemama - Bank of America Merrill Lynch
Jürgen Wagner - Stifel
Michael Inauen - Zürcher Kantonalbank
Nigel van Putten - Morgan Stanley
Presentation
Operator
Ladies and gentlemen, welcome to the Half-Year Results 2024 Conference Call and Live Webcast. I am Maria, the Chorus Call operator. I would like to remind you that all participants will be listen-only mode, and the conference is being recorded. [Operator Instructions].
At this time, and it's my pleasure to hand over to Urs Gantner, CEO. Please go ahead, sir.
Urs Gantner
Good morning, ladies and gentlemen. Thanks for joining this webcast on our Q2 and half-year 2024 results. We have done things a bit differently this year by not publishing preliminary key figures earlier, but by speeding up our closing process until delivering final results a bit earlier. We now are one of the first companies reporting in the sector.
Today, I'm joined on this call by our CFO, Fabian Chiozza. Also here with me are Michel Gerber and Christopher Wickli from our IR and Sustainability team. Let's move to slide 2, the agenda.
For today's agenda, we have scheduled the following four parts before opening for a Q&A session. I will start with the highlights of the Q2 and half-year results, and then Fabian will go through the results and financials in more detail before sharing some of our 2024 sustainability efforts. I will then conclude with a look ahead, followed by the usual moderated Q&A session. Move to slide 4.
We have a lot of ground to cover before we start with the business review. I want to share some observations I made during last week's SEMICON West Trade Fair in San Francisco. The VAT team had a great set of meetings with our largest customers. And you may have seen already some commentary and feedback from the event. Aside from presenting our product and meeting customers, there is a different aspect that is important at SEMICON; it's a chance for the industry to come together and discuss some of the challenges that face us all.
The one thing I think remarkable in the industry is our collective focus, delivering on the promise of the USD1 trillion semi industry, continuing to push the boundaries of R&D beyond what is physically possible, and at the same time, ensuring that the core product, the chips, remains affordable.
You're facing, as an industry, some real challenges, like ensuring that talent is nurtured. We have said net-zero targets for the industry, and we are establishing a new normal for our supply chains, especially after the COVID. Finally, geopolitics are impacting where and how we will manufacturing as an industry....
VAT Group AG (VACNY) Q2 2024 Earnings Call Transcript