Antonio Alonso-Muñoyerro Hernández
Chief Risk Officer & Head of Investor Relations

Good morning, everyone, and welcome to TR's First Quarter Results Presentation of the year. It's going to be conducted and led by our Chairman, Juan Lladó; and our CEO, Eduardo San Miguel. It's going to last about 20, 25 minutes approximately, and you will be able to post your questions after the final remarks. I now leave the floor to our Chairman, Juan Lladó.

Juan Arburua

Thank you very much. Thank you, Antonio. Good morning, everyone, and thank you for joining us today. As you can see in this slide, we have structured our presentation in a bit complex, but I think very understandable.

First, I will start giving you, as always, a glance of the key highlights of our performance in this first quarter. Afterwards, Eduardo will step in explaining the ongoing Middle East situation and how TR is managing it. He will first drive you through the very short-term commercial outlook and the very relevant expected awards. Then he will explain the disruptions suffering some projects are under execution in this area and how they are being managed.

And to finalize this second section, I will explain -- sorry, I will come back to give you what we see the midterm opportunities that we consider this current situation will bring to