Core Insights - Constellation Brands, Inc. announced the retirement of Jim Bourdeau as Chief Legal Officer effective February 28, 2026, after over 10 years with the company [1][2] - Jeff LaBarge will succeed Bourdeau as Executive Vice President and Chief Legal Officer starting March 1, 2026 [3][4] Leadership Transition - Jim Bourdeau has been a key figure in Constellation's senior leadership, contributing to the company's growth and transformation through his legal expertise and governance [2] - Bourdeau joined Constellation in September 2014 and has overseen significant M&A activities and corporate legal matters [2][5] - Jeff LaBarge, who joined Constellation in August 2016, has held various legal leadership roles and will now lead the legal and public affairs functions [4][5] Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [6] - The company focuses on building beloved brands and aims to be one of the fastest-growing large consumer packaged goods companies in the U.S. [6][8] - Constellation's product portfolio includes well-known brands such as Corona Extra, Modelo Especial, and various premium wines and spirits [7]

Core Insights - Jumia has partnered with Spiro to introduce a fleet of electric bikes for deliveries in Kampala, Uganda, aligning with its commitment to eco-friendly practices [1] - This initiative is part of Jumia's broader Environmental, Social, and Governance (ESG) strategy aimed at reducing carbon emissions [1] - The move signifies Jumia's focus on promoting sustainable business practices within the e-commerce sector in Africa [1]

Financial Data and Key Metrics Changes - The Adjusted Operating Profit (AOP) for FY2025 increased by 7% year on year to $4.5 billion, and excluding two businesses, it rose by 9% to $4.5 billion [10][11] - Profit attributable to shareholders increased by 4% year on year to $2.2 billion [17] - Cash on hand amounted to $20.2 billion, with total available liquidity close to $30 billion [18] - The net gearing ratio was 37%, remaining stable compared to the previous year [18][21] Business Line Data and Key Metrics Changes - Roads segment AOP decreased by 8% year on year to $1.4 billion, but excluding four roads with expired concessions, it increased by 1% [11][30] - Financial services segment AOP rose by 29% to $1.24 billion, driven by the rebranding and expansion of services [11][30] - Logistics business AOP increased by 3% to $740 million, with occupancy rates in Hong Kong logistics properties at 80% [11][36] - Construction segment AOP was $790 million, slightly decreasing by 7% when excluding YQ due to project completions [11] Market Data and Key Metrics Changes - The proportion of government-related projects in the construction segment increased from 40% to 61% [14][41] - The backlog of contracts increased by 24% to $38 billion, indicating a strong pipeline for future work [40] Company Strategy and Development Direction - The company is focusing on portfolio optimization, including divestments and acquisitions, to strengthen its business segments [6][9] - The financial services segment aims to leverage the Chow Tai Fook brand to enhance wealth management offerings [9][30] - The logistics segment will target undervalued assets in the Greater Bay Area and Yangtze River Delta [8][13] - The construction segment will continue to focus on government projects, especially in light of recent policy initiatives [14][43] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining stable results despite geopolitical tensions and economic challenges [9] - The company anticipates continued growth in various segments, particularly in financial services and logistics, to offset potential declines in toll road revenues [70] - The management emphasized the importance of strategic acquisitions to enhance cash flow and profitability [70] Other Important Information - The company maintained a progressive dividend policy, with total dividends for the year amounting to $0.95 per share [17][23] - The company has issued convertible bonds to enhance liquidity and restore public float [20][24] Q&A Session Summary Question: Updates on the roads segment and potential disposals - Management indicated that while there have been approaches regarding toll road assets, there are no immediate plans for disposals unless the price is right [57] Question: Impact of not investing further in toll roads on the dividend policy - Management reassured that the next major toll road concession expiry is in 2029, and they expect to replenish lost cash flow through growth in other segments [70][71] Question: Logistics occupancy targets and market conditions - Management acknowledged that reaching 90% occupancy in Hong Kong will be challenging but expressed confidence in achieving 85% [61][64] Question: Strategic value of Sunshine Esther acquisition - Management highlighted that the acquisition enhances competitive bidding capabilities and allows for more accurate cost calculations in tenders [66][68]

Financial Performance - Telecom Argentina's 1H25 adjusted EBITDA reached $399 million, a 54% increase compared to 1H24[12] - The company reported a 30% EBITDA margin in 1H25, compared to 29.7% in 1H24[12, 28] - Telecom Argentina's 1H25 CAPEX totaled $359.336 million[81] - Telecom Argentina raised a total of approximately $2.6 billion in USD equivalent through various transactions[105] Telefónica Móviles Argentina (TMA) Acquisition - The acquisition of TMA contributed to a proforma revenue of $4.009 billion and EBITDA of $1.129 billion for FY24[24] - TMA's 1H25 figures include just four months of contribution to Telecom Argentina's consolidated results[24] - Actions are being taken to improve TMA's EBITDA margin, targeting an 11% margin as reported in 1H25[33] Operational Highlights - Personal Pay, Telecom Argentina's digital wallet, has onboarded over 4.2 million clients, representing a 44% year-over-year increase[12, 64] - Mobile ARPU evolution in US$ increased by 15% for TMA and 19% for TEO[48] - Broadband ARPU evolution in US$ increased by 12% for TMA and 22% for TEO[48] Debt Management - Successful issuance of Class 24 Notes for $800 million in May and a tap for $200 million in July, reducing the bond's average financing cost from 9.50% to 9.36%[12] - The company has a balanced debt maturity profile, with approximately 72% of debt in US dollars, RMB, and Guaraní[111] Regulatory and Environmental - Telecom Argentina submitted its comments to the CNDC regarding the June 19 technical opinion[37] - Telecom Argentina's near-term science-based targets have been approved, reinforcing the company's environmental commitments[115]

We create to share Financial Results for the 1 st Quarter of 2025 May 29, 2025 Our Presenting Team Semiramis Paliou Director & Chief Executive Officer Anastasios Margaronis Director & President Ioannis Zafirakis Director, Co-Chief Financial Officer, Chief Strategy Officer, Secretary & Treasurer Our Company's confidence stems from our established track record Eleftherios Papatrifon Maria Dede Director Co-Chief Financial Officer We create to share 2 Financial Results for the 1st Quarter of 2025 We create to s ...

Core Viewpoint - HIVE Digital Technologies is experiencing a transformative year with plans to exponentially grow its operational capacity from 6 exahash (EH/s) to 10 EH/s in a short timeline, aligning with its operational blueprints [1][4]. Group 1: Growth Plans - The company aims to scale its operational capacity to 10 EH/s, with incremental growth targets of 7, 8, and 9 EH/s every two weeks [4]. - HIVE's expansion in Paraguay has increased its initial plan from 100 megawatts to 300 megawatts due to opportunities arising from another operator exiting the region [2][6]. - The construction in Paraguay is progressing rapidly, with over 350 workers currently on-site [2][7]. Group 2: Market Position - HIVE's current Bitcoin production accounts for over 1% of the global network, with Bitcoin prices reaching $111,000 [5]. - The company is targeting 18 EH/s by the summer of this year, with construction and equipment installation on track [9]. Group 3: Community Engagement - HIVE has initiated an ESG strategy, contributing to local schools by addressing the lack of air conditioning in high temperatures, having supported over ten schools near its facilities [8].

Financial Performance - Q1 2025 - Revenue reached $422 million[19], with Equipment Rental Solutions (ERS) contributing $154 million[19], Truck & Equipment Sales (TES) $232 million[19], and Aftermarket Parts & Service (APS) $35 million[19] - Adjusted Gross Profit was $136 million[19] - Adjusted EBITDA amounted to $73 million[19] Segment Analysis - Q1 2025 - ERS revenue increased by 13% to $154 million[19], with rental revenue up 9% to $113 million[42] and rental sales up 26% to $41 million[42] - TES revenue decreased by 3% to $232 million[49], but net orders surged by 220% compared to Q1 2024, reaching $284 million[50] - APS revenue remained flat at $35 million[52] Fleet and Utilization - Q1 2025 - The company's rental fleet consists of over 10,000 vehicles with an original equipment cost (OEC) of $1.55 billion[19] - Average utilization for Q1 2025 was just under 78%[48], with OEC on Rent increasing by $137 million compared to Q1 2024[48] Outlook and Strategy - The company reaffirms its 2025 outlook, projecting consolidated revenue between $1.97 billion and $2.06 billion, representing a 9%-14% growth[58], and Adjusted EBITDA between $370 million and $390 million, also a 9%-15% increase[58] - The company anticipates net OEC to increase by a mid-single-digit percentage in 2025, with gross rental capex between $375 million and $400 million[58] - The company expects to reduce inventory later in 2025 and generate $50 million to $100 million of levered free cash flow[58]