Full Year 2020 Eutelsat Communications SA Earnings Call Transcript
Good day, and welcome to the Eutelsat Full Year 2019-2020 Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Rodolphe Belmer, CEO. Please go ahead, sir.
Welcome, and thank you for joining us today for our full-year results. I am Rodolphe Belmer, CEO. And I'm joined on today's call by Michel Azibert, Deputy CEO; Yohann Leroy, Deputy CEO and Chief Technical Officer; and Sandrine Téran, CFO.
Let's start by taking a look at the highlights of the year. First of all, we delivered resilient results in spite of the COVID-19 crisis with a top line outturn above our revised expectations. We were also able to generate a record level of free cash flow with a cash conversion ratio of 37%. As a result, we are proposing a dividend of EUR 0.89 per share, which is 2.3x covered by discretionary free cash flow.
At the operational level, our core Broadcast vertical remains robust with a continuation of the underlying top line
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