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    Jonathan Day

    Research Analyst at HSBC Holdings plc

    Jonathan Day's questions to ALSTOM (ALSMY) leadership

    Jonathan Day's questions to ALSTOM (ALSMY) leadership • Q1 2024

    Question

    Jonathan Day of HSBC Holdings plc inquired about how the company is managing its industrial footprint and capacity as it ramps up production, and whether expansion is needed for new opportunities.

    Answer

    CFO Laurent Martinez stated that the company globally has sufficient footprint and capacity to accommodate its production ramp-up, citing the large factory in Mexico as an example supporting U.S. growth. He reiterated the global industrial CapEx guidance of 2% of sales, indicating no need for major expansion beyond this plan.

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    Jonathan Day's questions to ALSTOM (ALSMY) leadership • Q4 2023

    Question

    Jonathan Day from HSBC asked about the potential risk from persistent inflation on raw materials and for details on the 'other' line within the free cash flow statement, particularly concerning share-based payments and remedies.

    Answer

    Chairman and CEO Henri Poupart-Lafarge expressed confidence in the company's ability to mitigate inflation through commercial indexation, energy hedging, and supplier agreements, reaffirming the target to reduce the margin headwind. He also noted that cash flow items like share-based payments are expected to remain relatively stable year-over-year.

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