Vidrala, S.A. (VDRFF) Q2 2026 Earnings Call Transcript

Vidrala, S.A. ( VDRFF ) Q2 2026 Earnings Call July 23, 2026 4:00 AM EDT

Company Participants Unai Garaizabal - Investor Relations Iñigo de la Rica - Corporate Finance Director Galo Alvarez - Chief of Sustainability & Corporate Development Rául Merino - Chief Executive Officer

Conference Call Participants Íñigo Egusquiza - Kepler Cheuvreux, Research Division Natasha Brilliant - UBS Investment Bank, Research Division Luis de Toledo Heras - ODDO BHF Corporate & Markets, Research Division Manuel Lorente Ortega - Banco Santander, S.A., Research Division Fraser Donlon - Joh. Berenberg, Gossler & Co. KG, Research Division Ashish Khetan - Citigroup Inc., Research Division

Good morning, and welcome to the conference call organized by Vidrala to present its 2026 First Half results. Vidrala will be represented in this meeting by Raul Gomez, CEO; Galo Alvarez, Chief of Sustainability and Corporate Development; Inigo Mendieta, Corporate Finance Director; and Unai Alvarez, Investor Relations. The presentations and the Q&A session will be held in English in order to facilitate understanding of everyone. In the company website, www.vidrala.com, you will find available a presentation that will be used as a supporting material to cover this call as well as a link to access the webcast. Mr. Alvarez, you now have the floor.

Good morning, everyone, and thank you for taking the time to attend today's call. As previously announced, we published our 2026 First Half Results earlier this morning. together with the presentation that will support this conference call. We encourage you to access the webcast available through our website or alternatively to have the presentation at hand, -- with that, I will now hand over to Inigo.

Thank you, Unai. Before we start, let me briefly introduce Galo Alvarez, our Director of Sustainability and Corporate Development who is joining this call as part of