Proximus PLC

Hello and welcome to the Proximus Q1 Results 2025 Analyst Conference Call. My name is François and I'll be your coordinator for today's event. Please note this conference is being recorded and for the duration of the call, your lines will be on listen only. However, you'll have the opportunity to ask questions. This can be done by pressing star 1 on your telephone keypad to register your question. And if you require assistance at any point, please press star zero and you'll be connected to an operator. I will now hand you over to Nancy Goossens, Investor Relations Lead, to begin today's call. Thank you.

Thank you. Welcome, everyone. Thank you for joining the Proximus Results webcast. We will start with our presentation, and as per usual, we will address any questions you may have after. The presenters for today are the CEO at Intrim, Jan van Akoleyen, and the group CFO, Mark Reed. For the Q&A, we are joined by the residential lead, Jim Castele, as well as by the two business leads, Anne-Sophie Lotgering for the IT part and Renaud Tilmans for the telco part. And we also have our corporate affairs lead, Ben Appel. They will be taking your questions in a moment, but first handing over to Jan to take you through the highlights of today. Jan, please go ahead.

Good day, everyone. Thank you for joining us today, and welcome to my very first time presenting the Proximus results. Let me take you through the main takeaways from the first quarter, after which Mark will walk you through the achievements in more detail. As you've seen in our published report this morning, Proximus started the year on a positive note. With DG now active since mid-December, we are clearly operating in a more competitive market. Nonetheless, our first quarter results show our strong resilience in this new market structure. Overall, this resulted in a strong financial quarter for the domestic segment with both revenue and EBITDA growing year over year. A key driver of our success is without any doubt the leading networks we have in Belgium. with 5G coverage now above 75% and fiber in the street covering more than 43% of the Belgian homes and businesses. On the fiber collaboration plans, we can confirm we are progressing and we expect to be able to come back to you with news by the end of the second quarter. For our global business, we have closed a solid Q1 as well. with especially a strong EBITDA quarter up from the previous year by just over 15%. The recent macroeconomic developments is something we will be closely monitoring, remaining vigilant for any potential impact going into the remainder of the year. I also want to flag the progress made for our asset disposal program. We have now 330 million euro proceeds confirmed and hence we are well on track to deliver €500 million plus by 2027. So overall, again, we have started the year on a good note and we reiterate the guidance we have set for the full year. Now I hand it over to Mark to comment in more detail on these achievements.