Half Year 2026 Redeia Corporacion SA Earnings Call Transcript
Key Points
- Redeia Corporacion SA (RDEIY) reported a 9% increase in investments, reaching EUR 657 million, reflecting a strong commitment to infrastructure development.
- The company achieved a 4% growth in net profit, amounting to EUR 280 million, indicating solid financial performance.
- Redeia Corporacion SA (RDEIY) was recognized by Standard & Poor's as one of the most sustainable companies globally, placing it in the top 1% for sustainability performance.
- The company successfully issued a six-year EUR 500 million hybrid bond at an interest rate of 4.375%, strengthening its financial structure.
- Redeia Corporacion SA (RDEIY) maintained a BBB+ credit rating from both Standard & Poor's and Fitch, reflecting its stable financial position.
- The international business segment experienced a decline due to lower third-party projects in Chile and unfavorable currency exchange rates.
- Operating expenses increased by 8.9%, driven by higher staff expenses and external costs related to asset maintenance and system operation.
- The fiber optic business faced challenges due to contract renegotiations and market consolidation, impacting revenue.
- The company anticipates higher maintenance costs in the second half of the year, which may affect overall profitability.
- Redeia Corporacion SA (RDEIY) is navigating regulatory challenges, including appeals for improvements in the remuneration model, which could take time to resolve.
Good morning, ladies and gentlemen. We are going to begin our earnings presentation for the first half of 2026. We would like to welcome everyone who is joining us on the phone and on our webcast. Joining us today, we have Roberto Garcia-Merino, Chief Executive Officer Carlos Puente, Corporate Director, Strategy and Diversification and Emilia Cerezo, Corporate Chief Financial Officer. I'll now hand over to our Chief Executive Officer, Roberto Garcia Merino.
Thank you, Sol, and thank you everyone for joining us in this earnings presentation for the first half of the year. Allow me to begin by referring to the environment in which the company is carrying out its business and the most significant milestones in the period. And then our Corporate Director of Strategy and Diversification will discuss the main metrics and the progress made in our strategic projects.
Afterwards, our CFO will go into greater detail on the numbers for the period before we conclude by
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