TotalEnergies SE Ordinary Shares

Good morning if you are connecting from the U.S. Welcome to Total Energy's 2024 results and 2025 objectives meeting. We are today in the city in London. I hope that you will appreciate that we brought the sun in London today and you will appreciate also the view. For the people who want to follow us live, you can connect on our website totalenergies.com. The program today, we will start with the presentation of the 2024 results with Jean-Pierre, and then we will move to the outlook presentation for 2025 with Patrick. The presentation should last one hour. And then we will move to the Q&A session where you will be, of course, able to ask all the questions you want. We have, as usual, a dedicated line for the people who could not attend and we will bring from time to time questions online. We should be finished around 4.15, 4.30. But before to start our journey today, I invite Stéphane Michel, our president, gas and power, to come on stage to launch the meeting with a sequence on safety. Stéphane.

Thank you, Renaud. Good afternoon, everyone. As you are aware, TotalEnergies is building an integrated power pillar. And like any other industrial activity, this new development is coming with new HSE risks. One of them is the risk of fire and explosion while operating our battery energy storage system or BES. In the industry, around 15 incidents happen every year. The most serious one was in March last year in Japan, where several firefighters were injured by an explosion. Within TotalEnergies, our last incident occurred in 2023, hopefully without injuries. But since then, we have worked on the design specification of batteries. And we have done so with our battery affiliate, SAFT. which happens to be one of the top five best suppliers in the world. Thanks to their know-how, we've been able to include new innovative safety barriers that you can see on the slide. By adding early detection of thermal runaway to prevent the fire to spread over, By adding as well water fire suppression system in addition to the passive one and by adding extra ventilation to avoid the risk of explosion. In addition, we are implementing now systematically a dedicated training for firefighters on how to fight a battery fire because it's quite specific. Thanks to all that, we are confident that we can develop our multi-gigawatt pipe of batteries while protecting our people, of course, and by limiting as well the risk on our assets.

Thank you. Jean-Pierre will be on stage. You have the first one.