Telefonica, S.A. (TEF) Q4 2024 Earnings Call Transcript

2025-02-27 09:09:02 ET

Telefonica, S.A. (TEF)

Q4 2024 Earnings Conference Call

February 27, 2025 04:00 AM ET

Company Participants

Adrian Zunzunegui - Global Director, Investor Relations

Marc Murtra - Chairman & CEO

Angel Vila - Chief Operating Officer

Laura Abasolo - Chief Financial and Control Officer & Head of T. Hispam

Conference Call Participants

Andrew Lee - Goldman Sachs

Mathieu Robilliard - Barclays

Akhil Dattani - JPMorgan

David Wright - BofA

Fernando Cordero Barreira - Banco Santander

Luigi Minerva - HSBC

James Ratzer - New Street Research

Presentation

Operator

Good morning. Thank you for standing by, and welcome to Telefonica's January-December 2024 Results Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. [Operator Instructions]. As a reminder, today's conference is being recorded.

I would now like to turn the call over to Mr. Adrian Zunzunegui, Global Director of Investor Relations. Please go ahead, sir.

Adrian Zunzunegui

Good morning, and welcome to Telefonica's conference call to discuss January-December 2024 results. I'm Adrian Zunzunegui from Investor Relations. Before proceeding, let me mention that the financial information contained in this document has been prepared under international financial reporting standards as adopted by the European Union. This financial information is unaudited. This conference call and webcast including the Q&A session, may contain forward-looking statements and information relating to the Telefonica Group. These statements may include financial or operating forecasts and estimates or statements regarding plans, objectives and expectations regarding different matters.

All forward-looking statements involve risks and uncertainties that could cause the final developments and results to materially differ from those expressed or implied by such statements. We encourage you to review our publicly available disclosure documents filed with the relevant securities market regulators. If you don't have a copy of the relevant press release and the slides, please contact Telefonica's Investor Relations team in Madrid or London.

Now let me turn the call over to our Chairman and CEO, Mr. Marc Murtra.

Marc Murtra

Good morning, everyone. Let me start by saying that I am honored to address you in my first earnings call as Chairman and CEO of Telefonica. I have prioritized the conduction of a tour across our operations. I see both significant strengths and opportunities to enhance our execution and our long-term shareholder value creation. Our position in high quality core markets reflects both our heritage and potential. The market leadership we've achieved in Spain and Brazil, combined with our strategic positions in Germany and the U.K. gives us a relevant reach and scale.

While we have built strong operational capabilities, I see opportunities to deploy these more effectively across our footprint. I will share with you more when ready, but my vision is to accelerate the performance of this great company, raise the level of ambition, simplified where prudent and ultimately drive the corporate valuation higher over time....

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