Aya Gold & Silver (OTCPK:AYAS.F) Update / Briefing November 04, 2025 10:00 AM ET Speaker1Good morning, everyone, and welcome to the Boumadine PEA Results Webinar. I'm Elizabeth Hamaue, Director of Corporate and Financial Communications. The Aya team is excited to share the results of this important milestone. Joining me today are Benoit La Salle, President and CEO; Raphaël Beaudoin, Vice President of Operations; Patrick Perez, Director of Technical Services; Ugo Landry-Tolszczuk, Chief Financial Officer; Se ...

The Sherwin-Williams Company (NYSE:SHW) Update / Briefing November 04, 2025 10:00 AM ET Company ParticipantsJim Jaye - SVP of Investor RelationsAl Mistysyn - CFOVincent Andrews - Managing DirectorBen Meisenzahl - SVP of FinanceHeidi Petz - President and CEOConference Call ParticipantsChris Parkinson - Senior Research AnalystArun Viswanathan - Senior Equity AnalystOperatorGood morning. Thank you for joining the Sherwin-Williams Conference to discuss the election of the company's next Chief Financial Officer, ...

Yiren Digital (NYSE:YRD) 2025 Conference November 04, 2025 10:00 AM ET Speaker0Hello and welcome to the Deutsche Bank Virtual Investor Conference, DVVIC. This is Zafar Aziz from the Deutsche Bank team. I'm pleased to welcome our next presentation by Yiren Digital from China. Before I introduce our speaker, a few points to note. Please click on the questions box to ask a question. All of today's presentations will be recorded and can be accessed via the Deutsche Bank website, www.adr.dv.com. I'm happy now to ...

Epiroc (OTCPK:EPOA.Y) 2025 Conference November 04, 2025 09:30 AM ET Company ParticipantsAlexander Apell - Investor Relations OfficerKarin Larsson - VP and Head of Investor Relations and MediaZafar Aziz - DirectorKarin LarssonA warm welcome to this Epiroc presentation. Thank you.Zafar AzizHello and welcome to Deutsche Bank's Virtual Investor Conference, DBVIC. This is Zafar Aziz from the Deutsche Bank team. I'm pleased to welcome our next presentation by Epiroc from Sweden. Before I introduce our speaker, a ...

Viomi Technology (NasdaqGS:VIOT) 2025 Conference November 04, 2025 09:00 AM ET Speaker1Hello and welcome to the Deutsche Bank Virtual Investor Conference, DBViK. This is Zafra Zi from the Deutsche Bank team. I'm pleased to welcome our next presentation by Viomi Technology from China. Before I introduce our speaker, a few points to note. Please click on the questions box to ask a question. All of today's presentations will be recorded and can be accessed via the Deutsche Bank website, adr.db.com. I'm happy n ...

Grupo Aeroportuario del Pacífico (NYSE:PAC) Update / Briefing November 04, 2025 09:00 AM ET Company ParticipantsJens Spiess - VPGuilherme Mendes - Equity Research Executive DirectorSaúl Villarreal - CFOAlberto Valerio - Executive DirectorAlejandra Soto - Head of Investor RelationsFernanda Recchia - Equity Research DirectorFrancisco Suarez - Director of Global ResearchRaúl Revuelta - CEORodolfo Ramos - Head of Mexico Research and StrategistConference Call ParticipantsPablo Ricalde - Equity Research AnalystNo ...

First Pacific Company (SEHK:00142) 2025 Conference November 04, 2025 08:30 AM ET Company ParticipantsJohn Ryan - Associate DirectorZafar Aziz - Head of Strategic Sales and DR Investor Relations Advisory GroupZafar AzizHello and welcome to the Deutsche Bank Virtual Investor Conference, dbVIC. This is Zafar Aziz from the Deutsche Bank team. I'm pleased to welcome our next presentation by First Pacific from Hong Kong. Before I introduce our speaker, a few points to note. Please click on the questions box to as ...

Edenred (OTCPK:EDNM.Y) 2025 Capital Markets Day November 04, 2025 08:00 AM ET Speaker0Hi everyone. Welcome to the 2025 Edenred Capital Markets Day. I'm Cédric Appert, the Head of Investor Relations of Edenred. It's a real pleasure to be with you today, with the ones who are with us here in Paris, but also the ones who are connected to our webcast. Overall, you are more than 500 attending this event, either physically or virtually. We will be together for the next three hours and a half, and we have an excit ...

HUTCHMED (China) (NasdaqGS:HCM) 2025 Conference November 04, 2025 08:00 AM ET Company ParticipantsChristian Hogg - CEOChristian HoggBefore we formally start, the usual safe harbor statement and disclaimer. Basically, the performance and results of operation contained in this presentation are historical in nature, and past performance is no guarantee of future results. Let's start. You know, we have this summary slide that I think quite succinctly covers our past, our current, and most importantly, our futur ...

涉及的行业与公司 * 涉及的行业为电信行业，特别是欧洲和巴西市场 [6][18][32] * 涉及的公司是西班牙电信（Telefónica, NYSE: TEF），及其在西班牙、巴西、德国和英国的核心市场业务 [6][32][33] 核心观点与论据 **1 新战略计划：转型与增长** * 公司推出名为“转型与增长”的2026-2030年新战略计划，目标是成为世界级的欧洲电信运营商，为股东创造价值 [5][10][23] * 该计划基于六大战略支柱：提升客户体验、扩展B2C生态、规模化B2B业务、发展技术能力、简化运营模式、培养人才 [23][24][25] * 计划制定过程深入，汇集了182名内部专业人士和154名外部专家，进行了超过5,750小时的工作会议 [11] **2 财务目标与资本配置** * 财务指引分为两个阶段：2025-2028年，营收、EBITDA和租赁后经营现金流（OCFaL）的复合年增长率（CAGR）为1.5%-2.5%；2028-2030年，增速提升至2.5%-3.5% [48] * 资本支出占营收比例将从2025年的12.5%降至2028年的12%，并进一步在2030年降至11% [48] * 目标是到2028年将净负债与EBITDA之比降至2.5倍 [54] * 股息政策将与自由现金流挂钩，2025年股息为每股0.30欧元，中期目标是将自由现金流的40%-60%用于派息 [56][73] **3 市场机遇与战略重点** * 欧洲电信市场增长停滞，年增长率预计为1.5%，等于或低于通胀水平 [18] * 客户体验是关键差异化因素，60%的客户将体验置于价格之上 [18] * 公司将专注于核心市场（西班牙、巴西、德国、英国），利用网络优势、融合策略（固定、移动、内容）和数字化服务（如网络安全、云服务）实现增长 [6][24][33][43] * 网络安全被视为重要机遇，预计到2035年欧洲有100亿至220亿欧元的市场机会 [19] **4 效率提升与成本控制** * 公司计划通过简化运营模式和效率计划，到2027年将相关领域的运营支出（OPEX）减少25% [27] * 到2028年，每年实现总运营支出（Gross OPEX）减少15.1亿欧元（按不变汇率计算），到2030年每年减少20亿欧元 [27] * 效率举措将带来总支出（TOTEX）基础在2028年前减少23亿欧元的年化运行率 [46] **5 关于市场整合的潜在利好** * 欧洲电信市场的整合被视为战略计划的潜在利好，而非有机计划的一部分 [22][28][61] * 欧洲市场分散，而美国和中国各有三家规模较大的运营商，导致欧洲运营商平均每年资本支出仅为7亿欧元，远低于美国（113亿欧元）和中国（67亿欧元） [28] * 若在核心市场实现整合，预计Telefónica主导的潜在交易可产生180亿至220亿欧元的协同效应 [30] 其他重要内容 **1 运营关键绩效指标（KPIs）** * 目标到2028年将净推荐值（NPS）平均提高6分，其中西班牙的目标NPS为61分 [25] * 目标到2028年将固定宽带基础上的融合渗透率提升至74% [26] * 目标到2028年使B2B收入占集团总收入的26% [26] * 计划在2026年至2028年期间投资320亿欧元于技术（TOTICS，包括资本支出和运营支出），到2028年网络优化水平达到3.75 [26] **2 优势与待改进领域** * 公司优势包括在四个核心市场的强大地位、网络布局和运营的专业知识、融合战略的先驱地位以及经验丰富的团队 [6][7][8] * 待改进领域包括战略与业务背景的脱节、回避艰难决策、组织运营复杂、财务灵活性有限、执行速度偏慢以及存在短期主义 [8][9] **3 宏观与行业背景** * 地缘政治两极分化、技术颠覆（尤其是人工智能）、关税和汇率波动是重要的外部挑战 [17] * 欧洲缺乏科技巨头，需要在2030年前投入超过7500亿欧元的技术投资以缩小差距 [19] * 对关键基础设施的网络攻击日益增多，凸显了对欧洲技术主权和网络防御能力的需求 [20] **4 具体市场策略** * **西班牙**：市场领导者，将投资部署5G独立组网和升级光纤网络，扩大B2C生态系统和B2B数字服务 [37][38] * **巴西**：高增长市场，将利用B2B高端定位和品牌知名度，扩展5G移动和光纤网络，发展B2C生态系统，并完成铜缆网络的退役 [39] * **德国**：移动市场的挑战者，将利用移动业务优势推动融合捆绑包，并寻求有竞争力的固定基础设施接入以发展固网和B2B业务 [40] * **英国**：通过合资企业Virgin Media O2，利用其独特市场地位推广高端融合业务，并探索新的批发机会 [41][42]