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Hello and welcome to the OVH Cloud Q1 fiscal year 2024 revenue. My name is Caroline and I'll be your coordinator for today's event. Please note this call is being recorded and for the duration of the call your lines will be on listen only mode. However, you'll have an opportunity to ask questions at the end of the call. This can be done by pressing star 1 on your telephone keypad to register your questions. If you require assistance at any point, please press star 0 and you'll be connected to an operator. Today's speaker will be Michel Paulin, CEO and Stephanie Besnier, CFO. I now hand over to OVH team to begin today's conference. Thank you.

Hello, everyone. I am Michel Paulin, CEO of OVH Club. First of all, I would like to wish all of you a very happy new year. Thank you very much for being with us today for our Q1 fiscal year 24 conference call. As you can see on the slide, we had a good first quarter of the year with a 12% like-for-like revenue growth, marked by very good growth levels for the public and the private cloud as they grew respectively by 18.9% and 14.9%, driven by market share gains, especially in the private cloud. The trends we have been behind this performance are, among others, Public and private cloud remains strong with growth engines, a continued growth performance in Europe as a successful consequence of our sales and marketing focus in this area, and a strengthened demand for our sovereign solutions and continued ramp-up of our newly developed SaaS solutions. So the next slide, we can see that if we quickly delve into the cloud business, Public and private cloud, we see that it continues to have a high level of growth, quarter after quarter, with this quarter a 15.8% growth, despite all the micro uncertainties. Our Signum cloud revenues reached 9 million euros RIR and was multiplied by four versus last year, and our PaaS solution reached 17 million euros RIR and grew by 75%. When we look at customer acquisition, we had some very interesting deals around the world in cyber security, public sector, software, and defense. The next slide is about AI. As part of our Q1, we have been working a lot on artificial intelligence. AI is a massive way for our customers, and as we always said, we are ready to accompany them in the revolution. To adapt Artisans Intelligence solution, the companies must have four attributes. Large infrastructure and storage, data and private data sets, software and skill. And our ambition is to provide the tools which allow them to all the enterprise to have access to these four pillars with simple, affordable and performing solutions. And if I select only a few ones, I just want to explain what we are doing. On the large-end infrastructure and storage, we have a full range of NVIDIA GPUs available today on the market. V100, A100, and since a few days, we have now H100 solutions, which is available to all our customers. And we will make available the L4, L40S in the coming weeks. And we are already working intensively with our partners at NVIDIA on the new generation of GPUs that will come in the next quarters. But also on the software tools, which are very important. We do not have the intention to develop our own generative LLM, but we have applications which allow the customers to implement these LLM in their solutions. AI Notebook, AI Training, and AI Deploy, which are very successful. And now we have AI Aid Builder and form in a beta version, which will bring additional capabilities for our customers with the same target of making AI easier, simple to deploy, and leverage. And of course, after all, while maintaining the highest level of data privacy and data sovereignty to protect data, but also to protect the, I mean, all the private data, sorry. The next slide is about sustainable clouds. One key aspect of our vertically integrated model is that we are sustainable by design. Rankings after rankings, we keep showing that we are leading the way. We disclose in our 2022 UERD our eligibility and alignment to the UE green taxonomy, which focus on six environmental objectives. We are very proud of reaching such high level as the measurement is highly demanding. As you can see, as mentioned in EY2026 barometer, we are way above our tech peers in all KPIs. It's another example of how sustainable is our model. But now, let's now hand over to Stéphanie for more details on our financial performance.

Thank you, Michel. Hello, everyone, and happy new year as well. So I am Stéphanie Besnier, the CFO of OVHcloud. So as Michel said, we registered in Q1 a good level of growth fueled by public and private cloud. Our growth dynamics remain strong, even if our customers are still careful in their spending. And we benefited from 3.7% of price effect in this quarter, which is in line with our expectations and in line with our full year estimate of between 1% and 2% price effect. Moving to the next class, we have a more detailed view of our performance by segments. If you look at each segment, we see that we had a good business dynamic in the public cloud segment, despite continued cautiousness from customers, with a like-for-like growth of 18.9% in public cloud, fueled by strong growth in Europe and good customer acquisition in the rest of the world. Our past solutions have reached 17 million euros of annual revenue rate in November 23, growing at 75% year-on-year growth on Q1, which is also contributing to the good growth level. In private cloud, with plus 14.9% life-for-life growth, we're definitely growing faster than the market and gaining market share. Hosted private cloud accelerated in all geographies, driven by sovereign product in France and by new offerings released a few months ago. Finally, in web cloud and others, the growth was minus 1.4% despite good traction from web hosting thanks to a recently revamped offering in this segment and also to domain. We had a high comparison basis versus Q1 23 as we had a very good Black Friday campaign last year. Overall, if we exclude legacy sub-segment telephony and connectivity, like-for-like growth was 2.5% on WebCloud versus last year. Now, let's have a look on the next slide to our revenue by geographies. Europe has been leading in terms of like-for-like revenue growth, with high growth in all segments in the region, with Central and Southern Europe performing particularly well. In France, revenue growth in Q1 was 9.3%, with double-digit growth in public cloud and private cloud, even if slightly below Q4, and the country was mostly impacted by the negative performance of web cloud in the quarter. Excluding web cloud, our cloud businesses in France grew by 16.5%, a very dynamic growth again. In the rest of the world, we had a very good quarter in private cloud and a strong double-digit growth in public cloud, even if it slightly slowed down compared to previous quarter. Before giving the floor back to Michel for the outlook, we can have a quick look at performance by go-to-market on the next slide. So on the left-hand side of the slide, you see that digital represents 45% of our business. and we had strong level of growth in public cloud in France and that both public and private cloud grew strongly in the rest of the world. For enterprise, which is now 55% of our business, we had an unchanged strong fraction from partners and acceleration in private cloud driven by home private cloud and strong growth in public cloud in rest of Europe, highlighting the success of our sales and marketing organization in the region. Thank you, and I now hand over to Michel for the outlook.