Petrofac Ltd (FRA:P2F)

€ 0.0913 0 (0%) Market Cap: 51.75 Mil Enterprise Value: 730.06 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 0/100

Full Year 2020 Petrofac Ltd Earnings Call Transcript

Apr 20, 2021 / 08:30AM GMT

Release Date Price: €1.35 (-6.04%)

Transcript

Sami M. A. Iskander

Petrofac Limited - CEO

Good morning. I'm delighted to welcome you to our full year results presentation for 2020. I'm Sami Iskander, Group CEO. I'm joined today by Al Cochran, our CFO, who will take you through the financial results shortly. This is our standard disclosure statement. Please read at your convenience.

Today, I'll offer my reflections after 3 eventful months leading the group. I'll give you a brief overview of 2020 and key focus areas for 2021. I will cover the financials. Then I'll run through 2020 operational performance, outline my thoughts on strategy and how we are navigating our immediate challenges and opportunities, then we'll open for Q&A.

At the outset, I want to assure you that I and my executive team fully understand our challenges. We are clear on the actions we must take to rebalance the company, reshape it and regrow our backlog. Despite the unexpected challenges of my first months, I have seen much to be encouraged by. We have outstanding people and expertise, whose resilience and commitment are evident. We operate in attractive

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