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  "documentTitle": "2026 02 Capital Markets Day",
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  "authorName": "Orange",
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  "notes": "The slide uses a three-column layout to categorize strategic outcomes, with the third column highlighting quantitative KPIs.",
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      "text": "As a trusted operator, ready to capture new opportunities",
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      "kind": "disclaimer",
      "text": "See definitions of KPI in the glossary in appendix (1) Free cash-flow all-in, excluding Spain from 2022 (2) Total Shareholder Return between end 2022 and end 2025; source: Bloomberg",
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      "kind": "list",
      "text": "Creation of MasOrange in Spain and consolidation in Romania & Belgium\nDouble-digit growth in Africa Middle East\nOrange Cyberdefense\nSolid retail & NPS\nFTTH deployment nearly completed in European countries",
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      "kind": "list",
      "text": "Focus on execution\nPortfolio management\nOrange Business transformation\nEnhanced efficiency",
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      "kind": "metric",
      "text": "FCF all-in +€1.2bn, +74%\nDividend +7%\nTSR +82%\nGHG emissions targets overachieved",
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      "kind": "title",
      "text": "3 years in action\nSuccess of Lead the Future plan",
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