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TheStreet Open House

Liberty Global's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Michael T. Fries

Thank you, and good morning or good afternoon, wherever you might be. I just want to introduce the folks in the call here with me. As usual, we have a large group of individuals from various locations. But I’m going to introduce the five EVPs; Bernie Dvorak and Charlie Bracken, of course, our Co-CFOs; Diederik Karsten in Amsterdam, who runs our European Operations; Balan Nair; I’m not sure where Balan is today in the world, but he’s our Chief Technology officer. Bryan Hall who’s just joined us from after eight years with Virgin Media is our new General Counsel. Bryan is on the call and of course Rick Westerman; who everybody knows. I’m going to turn it back to operator for the safe harbor and then we’ll get started. Operator?

Operator

Thank you. Page 2 of the slides details the company’s safe harbor statements regarding forward-looking statements. Today’s presentation may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including the company’s expectation with respect to its outlook for 2012 and future growth prospects, and other information and statements that are not historical facts.

These forward-looking statements involve certain risks that could cause actual results to differ materially from those expressed or implied by these statements. These risks include those detailed from time-to-time in Liberty Global's filings with the Securities and Exchange Commission, including its most recently filed Forms 10-K. Liberty Global disclaims any obligation to update any of these forward-looking statements to reflect any change in its expectation or in the conditions on which any such statement is based.

I would now like to turn the call back over to Mr. Mike Fries.

Michael T. Fries

Great, thank you. So our format is going to be the same as usual. Bernie and I will run through the slides and then we’ll get right to your Q&A. I’m going to start with slide 4; hope you had a chance to get our slides off our website. And this is a recap of what we believe was a really, really strong year for us, across the board. Of course, our number one goal each and every year is to drive steady and sustainable organic growth. And we certainly did that in 2011. And with 1.2 million net RGU adds up 42% year-over-year.

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