Orange S.A. Earnings Call Transcript

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Orange S.A. (ORAN) Q2 2024 Earnings Conference Call July 24, 2024 8:30 AM ET

Company Participants

Christel Heydemann - Chief Executive Officer
Laurent Martinez - Chief Financial Officer
Jean-François Fallacher - Executive Vice President & Chief Executive Officer of Orange France
Meinrad Spenger - Chief Executive Officer, MASORANGE

Conference Call Participants

Akhil Dattani - JPMorgan
Mathieu Robilliard - Barclays
Ondrej Cabejsek - UBS
Jakob Bluestone - Exane BNP
Carl Murdock-Smith - Berenberg
Rohit Modi - Citi
Stéphane Beyazian - ODDO
Nick Lyall - Société Générale
Andrew Lee - Goldman Sachs
Fernando Cordero - Banco Santander
Titus Krahn - Bank of America
Emmet Kelly - Morgan Stanley

Operator

Good morning ladies and gentlemen and welcome to Orange's First Half 2024 Results Conference Call. The call today will be hosted by Ms. Christel Heydemann, the CEO and Mr. Laurent Martinez, Chief Financial Officer with other members of Orange's Executive Committee for the Q&A session that will start after the presentation.

Thank you very much and let me pass the floor over to Ms. Christel Heydemann. Please go ahead now.

Christel Heydemann

Thank you. Good morning and welcome to our 2024 first half results presentation. Two days before the start of the Olympic Games in Paris, we are very proud to be the official partner and to provide all the connectivity for the event. Our teams are very enthusiastic and committed to this flagship project to demonstrate our expertise.

So, let's now zoom and highlight a few points that I will detail in this presentation. Our Lead the Future plan is now at mid-term and is progressing at full speed. H1 results are very strong with an organic cash flow growth of more than 17% year on year and we are fully confirming our full year guidance.

Before diving into our H1 financial