Q2 2022 Orange SA Earnings Call Transcript
Good morning, ladies and gentlemen, and welcome to Orange First Half Year 2022 Results Conference Call. This call will be hosted by Ms. Christel Heydemann, CEO; and Mr. Ramon Fernandez, Delegate CEO, Executive Director of Finance, Performance and Development with others members of Orange Executive Committee for the Q&A session that will start after the presentation.
Thank you, and let me hand over to Ms. Christel Heydemann.
Thank you. Good morning, and welcome to our Q2 '22 financial results presentation. I will start with the key highlights of the year, and then I will, of course, leave the floor to Ramon to detail our results. So let's start directly on Slide 4 with the key achievements of the quarter.
First of all, EBITDAaL and EBITDAaL margin both improved in Q2 and as well as for the first half as a whole. So this is our second consecutive quarter of telecom EBITDA increase. Second, these improvements, combined with the significant decline in our CapEx has fueled the
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