Enel SpA (OTCPK:ENLAY) Q2 2024 Earnings Conference Call July 25, 2024 12:00 PM ET
Company Participants
Monica Girardi - IR
Flavio Cattaneo - CEO
Stefano De Angelis - CFO
Conference Call Participants
Operator
Good day and thank you for standing by. Welcome to the Enel First Half 2024 Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there'll be a question-and-answer session.
I would now like to hand the conference over to your first speaker today, Monica Girardi. Please go ahead.
Monica Girardi
Thank you and good evening, everybody. Welcome to the first half 2024 results presentation, hosted by Enel's CEO, Flavio Cattaneo, and the CFO, Stefano De Angelis. Following the presentation, we will have the usual Q&A session. We ask people connected to the webcast to send questions only via email at [email protected].
Before we start, let me remind you that media is listening to both the presentation and the Q&A session. Thank you, and now let me hand over to the CEO.
Flavio Cattaneo
Thank you, Monica, and good evening to everybody. Let's start with the highlights of the period. The strong performance of the beginning of the year extended also in the second quarter. We had visible progresses on financial results, deleveraging, and efficiencies. To-date, we have cashed in more than EUR5 billion from disposal, and we have taken a step further with the partnership deal in Spain, as just announced. All this confirms our confidence on 2024 delivery. We see a result to move towards the top of the range, with a positive impact also in our dividend.
Indeed, I remind you that our dividend policy allows us to pay up to 70% of our ordinary earnings if cash neutrality is reached.
Let's now dive into the details