2024-02-15 17:59:06 ET
Telecom Italia S.p.A. (TIIAY)
Q4 2023 Results Conference Call
February 15, 2024 05:00 AM ET
Company Participants
Paolo Lesbo - Head of Investor Relations
Pietro Labriola - Chief Executive Officer
Adrian Calaza - Chief Financial Officer
Agostino Nuzzolo - Head of Legal & Tax, General Counsel, Secretary
Andrea Rossini - Head-Consumer, Small and Medium market Office
Elio Schiavo - Chief Enterprise & Innovative Solutions Office
Conference Call Participants
Giorgio Tavolini - Intermonte
Fabio Pavan - Mediobanca
Domenico Ghilotti - Equita
Luigi Minerva - HSBC
Stéphane Beyazian - ODDO BHF
Joshua Mills - BNP Paribas Exane
James Ratzer - New Street Research
Ottavio Adorisio - Societe Generale
David Wright - BofA Securities
Presentation
Operator
Ladies and gentlemen, good morning, and welcome to Telecom Italia Q4 and Full Year 2023 Preliminary Results Conference Call. Paolo Lesbo, Head of Investor Relations, will introduce the event.
Paolo Lesbo
Ladies and gentlemen, good morning, and welcome to TIM full year 2023 preliminary results presentation. As usual, I am here with the CEO, Pietro Labriola; the CFO, Adrian Calaza, and the rest of the management team. Pietro will provide an overview of last year achievement, while Adrian will illustrate the financial results. A Q&A session will follow.
Pointing out our safe harbor disclaimer on Page 2, let me hand it over to Pietro. Pietro, the floor is yours.
Pietro Labriola
Thank you, Paolo. Good morning, everyone. Today's call is very important for two reasons. First of all, we disclosed preliminary results for 2023, which is the second year since this management team took office. At the same time, it marks a turning point in the history of the Group as this is the last column TIM as we are used to know, a single integrated company.
We fully understand that we are already focused on what will come after NetCo closing and that you would like to know about the future TIM, its growth trajectories and cash generation potential. But today, we will focus exclusively on the results of TIM as is. Also, to give credit to all the people who have worked very hard in the last 2 years to improve the Group performance. We will reconvene in 3 weeks at the Capital Markets Day to open a new chapter entirely focused on the new perimeter. You will get pro forma figures and we will disclose the 2024-2026 plan together with guidance. So we ask you to be patient for a while and focus on what we delivered so far.
Let's start. The last 2 years have been eventful, not to say that we navigated in the perfect zone. And as we already mentioned, we have been carrying out two jobs at the same time, managing the operation and the refinancing of the company; and at the same time, delayering TIM to pursue our long-term strategic view of a ServiceCo, no longer vertically integrated....
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Telecom Italia S.p.A. (TIIAY) Q4 2023 Earnings Call Transcript