Aimia Inc.

Good morning, ladies and gentlemen, and welcome to the AMIA Inc. second quarter 2024 results conference call. At this time, online is in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Tuesday, August 13, 2024. I would now like to turn the conference over to Joe Racanelli. Please go ahead.

Thank you, operator, and good morning, everyone. With me on this call are AMEA's executive chairman, Tom Fink, and our president CFO, Steve Leonard. Before we begin, I would like to point out a couple of items. We issued our financial results for the second quarter earlier this morning. All of our materials, including the news release, MD&A, and financial statements, are available from our website, as well as being posted on CDAR+. We will be using a presentation, and for those listening to our discussion by phone, a copy is available from the IR section of our website. Now, some of the statements made on today's call may constitute forward-looking information about our future results and may differ materially from what we discussed. Please refer to the risks and uncertainties that may affect our future performance referenced in our presentation and MD&A. In addition, we will be making note of GAAP and non-GAAP financial measures. Reconciliation is provided in the appendix of our presentation. Following today's Q&A session, if you do have any follow-up questions, please reach out to me, and we're happy to answer any outstanding questions. With that, I'd like to turn the call over to Tom. Please go ahead, Tom.

Thank you, Joe. Good morning, and thank you for joining us today. Since the start of 2024, we have been busy on a number of fronts, focusing primarily on creating value and strengthening our financial results. Our performance in the second quarter reflects the momentum we established in the first quarter, a momentum we expect to sustain through 2024. Our Q2 financial results were driven by the solid performances of our core holdings, Bozzetto and Cortland. each of which made progress with several key financial metrics. Another important development in Q2 was the earn out of $32.9 million from the PLM transaction. The receipt of this payment enabled us to launch our normal course issuer bid that will result in the purchase of up to 10% of our public float or approximately 7 million shares through June 2025. Related to this effort, to create shareholder value was the formation of the Strategic Review Committee, chaired by Jamie Scarlett, one of Canada's most respected legal advisors with more than 40 years of experience completing complex M&A transactions. The committee will fast track our efforts to return capital to investors. I will expand on the work of the Strategic Review Committee later in our discussion. One last development in Q2 that I want to mention relates to the appointment of Steve Leonard to the joint role of president and CFO. This appointment was based on a number of factors, including Steve's wealth of experience and leadership and the effectiveness of our leadership model that we established in January. With Steve's appointment, we effectively ended the search for a CEO and are thereby avoiding the compensation costs associated with that role. I will now ask Steve to review our financial results in more detail.