Edp Renewables Sa U/Adr

Good afternoon. We welcome you to EDPR's 9-month 2026 results presentation conference call. During the presentation, all participants will be on a listen-only mode. There will be an opportunity to ask questions after the presentation. If you wish to ask a question during the Q&A session, please press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 1 again. If you wish to ask a question via the webcast, please type it in the question box and click submit. Please note that the Q&A session will start with the written questions first. If you're experiencing any difficulty in listening to the conference call at any time, please make sure that you have your headset fully plugged in, or alternatively, please try calling from a different device. I will now hand the conference over to Mr. Miguel Viana, Head of IR and ESG. Please go ahead.

Hello and welcome everyone. Thank you for joining EDPR's 9 months 26 results conference call. We are pleased to have with us today our CEO Miguel Stilwell de Andrade and our CFO Rui Teixeira. They will walk us through the key financial highlights of the period and share insights into our strategy. After the presentation, we'll open the floor for questions. You are welcome to submit them via your conference call chat and ask them directly over the phone. With that, I will now hand over to Miguel Stilwell de Andrade to begin the presentation.

Thank you, Miguel. Good afternoon, everyone, and thank you very much for attending our nine-month results conference call. Before we start, I just wanted to say a few personal words following yesterday's announcements. First is I didn't coordinate this with Cristian Ronaldo. On a more serious note, as you know, after more than 25 years at EDP, 15 years on the executive board, including three years as a CFO and six years as a CEO, I've decided not to serve another mandate as the CEO of EDPR. So after the next shareholders meeting early next year. I will, however, be fully focused on the company for the next few months and making sure that there is a smooth succession and transition period. And that is my total commitment. It definitely wasn't an easy decision and it wasn't one that I took lightly, but I think it is the right decision. As most of you know, EDP and EDP Renewables has been a very important part of my professional life and I feel really, really proud about everything that we've achieved together with these years and of the company that we've built. I was there when we had the privilege of creating EDP Renewables and before that even buying Horizon Wind Energy, buying several of the different Renewable companies that led to the creation of EDP Renewables listing the company together here with Rui who was CFO of EDP Renewables at the time back in 2008 so the company know very well for for a very long time and truth is we've been through many many different phases including challenging periods for the renewable sector but I think we've all taken the necessary decisions and and many more will come out of those challenges much stronger. And so today, EDP Renewables is a much more focused and resilient company. It has a very clear value of evolving strategy. It's got a leading position in the US and in Europe and APAC, and it's got a really strong and growing earnings profile. One of the things that does give me a great confidence about the future and taking this decision is really the exceptional quality and depth of the team we have built here at EDP Renewables. And we have extremely experienced leaders across the different regions and businesses, Management team here with Rui, who you all know, Sandhya, heading our North America, Ana Paula Marx, heading our asset management, Duarte Melo with Iberia and previously Europe. So these are all people who know the business extremely well and have been fundamental to the transformation and execution of EDP Renewables. That's why I genuinely feel that EDP Renewables is in a very good hand and with a much stronger platform from which to grow. And that is what gives me great comfort in taking the decision. With that,