Ovh Groupe

Today's speaker will be Michel Paulin, CEO, Benjamin Dravkuleski, Deputy CEO, and Stephanie Basnia, CFO. I now hand over to OVH's team to begin today's conference. Thank you.

Hello, everyone. I'm Michel Paulin, CEO of OVHcloud. Thank you very much for being with us today for our Q3 Fiscal Year 24 Revenue Conference Call. Let's start with slide three on the key highlights. As key highlights for the publication, we generated $737 million in revenue for the first nine months of our fiscal year 24, with a robust like-for-like growth of 10.1% compared to last year. Looking at Q3 revenue, we reached 251, representing a like-for-like growth of 9%. This performance underpins the resilience of our business with a strong traction in the United States. while there is still a challenging and uncertain environment in Europe. Looking ahead, we are fully confident in our guidance for the year and the last quarter, with trends in data sovereignty, in new solutions launches and paths, and in AI. Let's move to slide four, to our strategy pillars. Early January presented an update of our strategy plan. When we consider the broader picture, and despite the current short-term headwinds in Europe, we are delivering on our strategic levers, which remain at the heart of our long-term vision for OVHcloud. We are the reference for the data sovereignty, as shown by the strong development of our sovereign cloud offering, Secnum Cloud, and we will continue to meet customer demands for more control over the data and immunity to extraterrestrial laws. and we will keep on leading the way in addressing this highly critical topic of data severity everywhere in the world. Innovation is one of our core values of OVHcloud. We are on top of today's AI wave with new NVIDIA GPUs instances and the integration of cutting-edge AI models for our customers. We continue to introduce new PaaS solutions to expand our addressable market and preparing for the new tech revolutions. Our third objective is to consistently deliver sustainable and profitable growth. We are organizing our cost structure for the long-term profitable growth. Our fourth objective is to maximize cash generation. We have invested a lot in recent years and we will continue to invest for our future growth, but we are also focused on maximizing cash generation as we have already demonstrated in the last two semesters, and we will continue to do so. And now, I'm handing over to Benjamin Raczowlewski, our new DPT CEO, to highlight the operational achievements of Q3 fiscal year 2024. Thank you, Michel.

Hello, and welcome, everyone. I'm Benjamin Raczowlewski. I was honored to join OVHcloud two months ago, as Deputy CEO in charge of all operations for the group. I joined OVHcloud after 25 years in technology and business operations. I was recently head of France and Benelux for the global IT services company DXC Technology, focused on applications, data architecture, as well as security and scalability of public, private and hybrid clouds. OBS Cloud position is extremely strong, both as the reference in data sovereignty and the most attractive Cloud player in terms of price performance ratio. And today, I'm excited to share with you some of the latest developments we achieved in our Q3 2024. So first, as you can see on the left hand side, We are proud to keep developing new AI solutions to address current demand. We now offer a full AI suite of solutions powered by the latest NVIDIA GPUs, such as H100, L4, and L40S. And these last generation GPUs have a high utilization rate, highlighting the strong demand from our customers. We are able to provide our customers with the computing power they need to deploy and run their AI applications. And in addition, we offer a full AI suite, which includes solutions like AI Endpoints and also AI Training, AI Notebooks, and AI Deploy, making it easier than ever to build, deploy, and manage AI workloads. And that's not all. As you can see on the right-hand side of the slide, to drive international growth and to meet the regional demand, we expanded our geographical footprint by opening a new data center in Australia and Sydney. We also opened eight local zones, which are small data centers in collocation mode, to grow public cloud in new geographies with a lowered capital intensity. These public cloud offerings in local zones further reinforce our commitment to providing low latency services with full control over data residency to customers around the world. With these latest developments, we are continuing to deliver in line with our strategic plan to offer innovative and sovereign offerings to our customers globally. Let me now turn again to Michel for a deep dive on each of our business segments.