This document provides an overview and outlook for Veolia Environnement for 2008 from its Investor Day presentation on October 22nd, 2008. It estimates operating cash flow for 2008 will be between €4.1-4.2 billion, down from initial estimates due to economic slowdown impacts in areas like Germany, Italy, waste management, and deferred projects. It also discusses plans to reduce net investments to €3.9 billion in 2008 while accelerating €1 billion in disposals. Finally, it summarizes Veolia's strong financial stability with secure debt profile, liquidity position, and financial ratios within credit rating agency guidance.