FLSmidth & Co. A/S (FLIDY) Shareholder/Analyst Call Transcript

Mads Nipper

Dear shareholders, it is now 4:00 PM. And as Chairman of the Board, it’s a pleasure for me to welcome you to this Annual General Meeting of FLSmidth. This is the first time for decades that we are holding our AGM outside our previous headquarters in Valby. We moved away from there earlier this year. We moved into the new offices at Havneholmen, down the street here in Copenhagen. This was also the beginning of a new era for FLSmidth and I’m going to come back to that later on in my report. To take us through this AGM, the Board has selected attorney Louise Korpela. And I give the floor to you, Louise.

Louise Celia Korpela

Thank you very much. My first job as Chair is to make sure that the meeting has been duly convened and is quorate. There must be minimum 3, maximum 5 weeks’ notice via the company’s website and by sending notice to those shareholders who have so requested. The convening notice was sent out on the 27th of February, which was within the time line and also in the correct manner. It also contains, as I said, all the information which is required under Danish company law and the company’s Articles of Association, and all the information the company is requested or obligated to make available to shareholders has been made available. So the meeting has been duly convened. Behind me, you see the agenda. It contains the usual items that need to be included according to the articles and then we also have proposals from the Board of Directors concerning an updated version of the remuneration policy and also the acquisition of treasury shares and also prolongation of