Safran SA (OTCPK:SAFRF) Q2 2025 Earnings Conference Call July 31, 2024 2:30 AM ET Company Participants Olivier Andries - CEO & Director Pascal Bantegnie - CFO & Group Treasurer Conference Call Participants Benjamin Michael Heelan - BofA Securities, Research Division Chloe Lemarie - Jefferies LLC, Research Division Christophe Menard - Deutsche Bank AG, Research Division David Howard Perry - JPMorgan Chase & Co, Research Division Herve Drouet - CIC Market Solutions, Research Division Kenneth George Herbert - RBC Capital Markets, Research Division Milene Kerner - Barclays Bank PLC, Research Division Olivier Brochet - Redburn (Europe) Limited, Research Division Robert Alan Stallard - Vertical Research Partners, LLC Operator Welcome to the Safran Half Year 2025 Results. At this time, I would like to turn the conference over to your host, Olivier Andries, Safran's CEO; and Pascal Bantegnie, Group CFO.