Delta Air Lines, Inc. (NYSE:DAL) Morgan Stanley's 12th Annual Laguna Conference September 12, 2024 10:00 AM ET Company Participants Glen Hauenstein - President Dan Janki - CFO. Conference Call Participants Ravi Shanker - Morgan Stanley Ravi Shanker Excellent. Good morning, everyone, and welcome to Day 2 of the 12th Annual Laguna Conference. Again, another long track of airlines and transportation content here in this room. So get comfortable again. I'm very happy to kick off today's festivities with our top ...

Lockheed Martin Corporation (NYSE:LMT) Morgan Stanley 12th Annual Laguna Conference September 12, 2024 3:15 PM ET Company Participants Jim Taiclet - Chairman, President & CEO Jay Malave - CFO Conference Call Participants Kristine Liwag - Morgan Stanley Kristine Liwag Hello. Good afternoon, everyone. I'm Kristine Liwag, Morgan Stanley's Aerospace and Defense Analyst. Very excited to host our next panel, Lockheed Martin. I'm pleased to have Jim Taiclet, Chairman and President and CEO of Lockheed; and Jay Mala ...

United Airlines Holdings, Inc. (NASDAQ:UAL) Morgan Stanley's 12th Annual Laguna Conference September 12, 2024 3:50 PM ET Company Participants Mike Leskinen - CFO Conference Call Participants Ravi Shanker - Morgan Stanley Great. Hopefully everybody had a great lunch. And for dessert, we have a threefer of continuous airlines content for you, starting with United Airlines. And happy to welcome back to Laguna, CFO, Mike Leskinen. Mike, thanks so much for being here. Mike Leskinen Ravi, thanks for having me. Qu ...

Summary of Ford Motor Company Conference Call Company Overview - **Company**: Ford Motor Company (NYSE:F) - **Event**: Morgan Stanley's 12th Annual Laguna Conference Call - **Date**: September 12, 2024 - **Key Participant**: Navin Kumar, Chief Financial Officer of Ford Pro Key Points Leadership Changes - Ted Cannis, CEO of Ford Pro, announced retirement after 35 years at Ford, emphasizing his contributions to the company and the foundation he set for future growth [3][4] Ford Pro Overview - Ford Pro focuses on commercial customers, prioritizing total cost of ownership and vehicle uptime [4] - The company is a market leader in commercial vehicles in North America and Europe, with a diverse vehicle lineup [4] - Integration of hardware, software, and cloud applications is enhancing customer productivity and vehicle uptime, leading to improved bottom-line results for customers [5] Software and Services Growth - Ford Pro has over 600,000 paid software subscriptions, growing 40% year-over-year in the first half of the year [8] - Average revenue per user (ARPU) is approximately $7 to $8 per month, contributing to a growing software revenue stream [9] - The company is expanding its product offerings, including video telematics and fleet management software, which are enhancing customer efficiency [11] Electric Vehicle (EV) Adoption - Commercial customers are adopting EVs faster than non-commercial customers, driven by sustainability targets and regulations [20] - Year-to-date sales of the E-Transit reached over 8,000 units, representing about 7.7% of the Transit population [21] - E-Transit sales volume increased by 76% year-over-year, with significant adoption among government fleets [22] Challenges and Strategies - Charging infrastructure remains a challenge for larger corporate customers, leading to a more cautious adoption pace [23] - Ford is enhancing its EV offerings and partnerships to facilitate electrification in commercial fleets [27] - The company is committed to investing in electric vehicles while maintaining profitability in its traditional segments [34] Financial Performance - Ford Pro's EBIT for the first half of the year was $5.6 billion, exceeding Ford's total company EBIT of $5.5 billion [33] - Concerns were raised about the sustainability of profits from Ford Pro funding loss-making EVs [33] Market Position and Competitive Advantage - Ford Pro maintains a competitive edge through deep customer relationships, a flexible vehicle lineup, and a strong dealer network [41] - The integration of software and services creates a data and intelligence moat, enhancing customer loyalty and operational efficiency [18][42] Future Outlook - Ford Pro is focused on expanding its software ecosystem and enhancing customer productivity through advanced telematics and managed maintenance solutions [13][30] - The company is preparing for the launch of a next-generation electric van in 2026, indicating ongoing innovation in its product lineup [29] Conclusion - Ford Pro is positioned as a leader in the commercial vehicle market, with a strong focus on software and services to drive future growth and customer loyalty. The company is navigating challenges in EV adoption while maintaining robust financial performance and strategic investments in electrification and technology.

Warner Bros. Discovery, Inc. (NASDAQ:WBD) Goldman Sachs Communacopia + Technology Conference September 12, 2024 1:10 PM ET Company Participants David Zaslav - President & Chief Executive Officer Conference Call Participants Mike Ng - Goldman Sachs Mike Ng Thank you, everybody. Welcome to the Warner Bros. Discovery fireside chat at the Goldman Sachs Communacopia and Technology Conference. I have the privilege of introducing David Zaslav, who is the President and CEO of Warner Bros. Discovery. David has been ...

3M Company (NYSE:MMM) Morgan Stanley 12th Annual Laguna Conference September 12, 2024 10:00 AM ET Company Participants Bruce Jermeland - SVP, IR William Brown - Director and CEO Conference Call Participants Chris Snyder - Morgan Stanley Chris Snyder All right. Thank you, everybody. Super excited for day two here at the Laguna Conference. No better way to kick it off than with 3M, new CEO, Bill Brown. We also have Bruce Jermeland from IR. Before we get into the fireside, Bruce -- Bill is going to start with ...

Alcoa Corporation (NYSE:AA) Morgan Stanley's 12th Annual Laguna Conference September 12, 2024 10:00 AM ET Company Participants Molly Beerman - Executive Vice President and Chief Financial Officer Conference Call Participants Carlos De Alba - Morgan Stanley Carlos De Alba Good morning everyone. Thank you for joining the conference. And Molly Beerman, Executive Vice President and CFO of Alcoa. Very happy to have you here with us and do this again. And so look, maybe for those folks that might not be as famili ...

Marvell Technology, Inc. (NASDAQ:MRVL) Goldman Sachs Communacopia + Technology Conference Call September 11, 2024 6:45 PM ET Company Participants Matthew Murphy - Chairman and Chief Executive Officer Conference Call Participants Toshiya Hari - Goldman Sachs Group, Inc. Toshiya Hari Okay. Great. I think we're live. Good afternoon, everyone. Thank you so much for coming. My name is Toshiya Hari. I cover the semiconductor space for Goldman. Very psyched, very honored to have the team from Marvell with us this ...

Twilio Inc. (NYSE:TWLO) Goldman Sachs Communacopia + Technology Conference Call September 9, 2024 6:45 PM ET Company Participants Khozema Shipchandler - Chief Executive Officer Conference Call Participants Kasthuri Rangan - Goldman Sachs Matthew Martino - Goldman Sachs Kasthuri Rangan How is everybody doing, by the way? First day, it's just day one. We've got three more days so energize yourself. It's going to get better and better and better. It's going to be good now, and it's going to get – not good. I s ...

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Goldman Sachs Communacopia + Technology Conference September 11, 2024 6:45 PM ET Company Participants George Kurtz - CEO and Co-Founder Conference Call Participants Gabriela Borges - Goldman Sachs Gabriela Borges All right. We will go ahead and kick it off. Thank you for joining us at the CrowdStrike session this afternoon at the Goldman Sachs Communacopia and Technology Conference. I'm Gabriela Borges, I cover Security here at Goldman. Delighted to have on stage wit ...