AgroFresh Solutions, Inc.

Please go ahead, sir.

Thank you, and good afternoon. Today's presentation will be led by Clint Lewis, Chief Executive Officer, and Graham Mile, Chief Financial Officer. The comments during today's call and the accompanying presentation contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts are considered forward-looking statements. These statements are based on management's current expectations and beliefs, as well as a number of assumptions concerning future events. Such forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from the results discussed in the forward-looking statements. Some of these risks and uncertainties are identified and discussed in the company's filings with the SEC. We'll also refer to certain non-GAAP financial measures today. Please refer to the tables included in the slides that accompany this presentation, as well as the press release, which can be found on the investor relations section of our website, agrefresh.com, for reconciliations of non-GAAP financial measures to their most directly comparable GAAP measures. I'd now like to turn the call over to Clint Lewis.

Thank you, Jeff, and welcome to everyone on the call. AgriFresh is a trusted brand in the post-harvest industry, known for our commitment to providing quality products and solutions. Our reputation is supported by our experienced sales and technical teams that deliver a high touch service model that customers have come to rely on. We are an organization that provides innovative end-to-end solutions. We have a diverse portfolio with an attractive margin profile and have geographic breadth with operations in over 50 countries that supports a diverse base of more than 3,500 customers. These elements and our close proximity to our customers are the cornerstone of our market leadership in the post-harvest industry, which we aim to reinforce and grow in the years ahead. In the third quarter, which marks the start of the Northern Hemisphere season, our customers were impacted by the well-reported weather-related challenges that negatively impacted fruit quality and storage volumes, which in turn adversely impacted our SmartFresh business. This includes the late frost in Europe impacting the pear crop in key markets such as Italy and France, and an extreme heat wave in the Pacific Northwest apple growing region of the U.S., where crop yield is now expected to be down 10% to 15% from last year. In addition, our results were impacted by ongoing competitive pressures in our SmartFresh for Apple segment and a discrete shift in timing of sales in Europe, with expected customer buying shifting to the fourth quarter this year versus the third quarter of 2020. It is for this reason that it's appropriate to assess our performance on calendar year halves in order to get a full seasonal view of sales in each hemisphere. Nonetheless, as we have previously communicated, we continue to expect to generate growth in both net sales and adjusted EBITDA for the full year 2021. As we did last quarter, we are providing you with additional disclosures on both a geographical and product solutions basis to further assist your understanding of our business and monitor the progress of our strategy to grow through diversification. The details can be found in our supplemental earnings deck on the investor relations website. Our diversification initiatives remain on track and we expect will continue to be the engine of growth as we move ahead. We are continuing to make sequential progress towards our goal both in terms of mix and growth. If you look at our business excluding SmartFresh for Apple revenue, which captures all of the crops, solutions, and technologies, this represents approximately 41.3% of total revenues on a trailing 12-month basis as of September 30th, 2021. This marks a sequential increase in our diversification mix of approximately 70 basis points from the second quarter of 2021. Additionally, we generated diversification category growth of approximately 14.6% versus the prior year on a similar trailing 12-month basis, which is helping drive this improvement and mix. These diversification metrics are at the core of our strategy, and we are focusing our organization around them in order to drive consistent, profitable growth. Our continued success with our growth by diversification strategy also helps to build a natural hedge against certain known risks in agriculture, such as weather. Further, diversification across products, platforms, crops, and geographies minimizes the adverse impact that any one of these variables can have on our results. Shifting to some of the revenue drivers for the third quarter. As I mentioned at the top of my remarks, we were met with a number of challenges in our northern hemisphere markets, which disproportionately weighed on the third quarter results. We feel it is important to look at our financial performance by calendar year halves in order to reflect the full season impact rather than on a quarterly reporting basis. This is how our customers manage their business and thus influences how we manage our business. One example of fluctuations between quarters is the timing of sales, which is a regular occurrence in our industry. This year, we saw some sales shift from the third quarter to the fourth quarter which distorts comparability. While this will have a positive contribution for the fourth quarter, it doesn't entirely offset the weather impacts we're experiencing this season. Nonetheless, we continue to anticipate generating growth in both net sales and adjusted EBITDA for full year 2021. From a geographical perspective, our Europe, Middle East, and Africa region, which also had the largest sales contribution for the quarter, experienced significant headwind with a 17% decrease in sales versus the prior year period. More specifically, key European markets such as France and Italy were met with a late frost that significantly decreased the size of the pear crop. In fact, the industry reports that the pear crop may be down by as much as 70% versus the 2020 harvest. Further influencing the regional climb was timing of sales recognition, as I referenced previously. We estimate that this delay was approximately 10 to 14 days, which is expected to be recognized in the fourth quarter of this year. Our second largest market, North America, grew 5% during the quarter. However, growth was constrained by an unprecedented heat wave that impacted apple production, particularly in the Pacific Northwest. This is in turn having a negative effect on quality and yield, which has resulted in lower volumes in storage. we expect this dynamic to be more visible in our fourth quarter results, and we anticipate a year-over-year sales decline in North America as a result of the lower storage volumes. Rounding out our geographic exposure are the other markets of Latin America and Asia Pacific, which grew by 38% and 28% in the third quarter, respectively. From a product solutions perspective, the delayed harvest and unfavorable weather events had a clear impact on our SmartFresh for Apple business, which decreased 12% in the third quarter. However, due to the timing dynamics that I mentioned, we expect to drive sequential improvement in this category in the fourth quarter, although it is still expected to be down versus prior year. The important message here is that this isn't an execution issue, but rather a direct function of weather and its related impact on our customers. Our weather exposure also included pears, which weighed on our other 1MCP solutions category, which decreased 8% compared to the third quarter of 2020. This category primarily consists of SmartFresh diversification for crops other than apple, plus Harvista and Ethelblock. While both Harvista and Ethelblock generated growth in the quarter, it wasn't enough to offset the impact to the European pear business, which was primarily the driver of the decline. Our fungicides and disinfectant category grew 46% and was the largest contributor to growth with a $1.3 million increase versus the same quarter last year. Results were driven by increased citrus production in Morocco. Additionally, we experienced incremental growth in fungicide penetration in Latin America, which is supported by new commercial partnerships. Sales of coatings grew 59% for the third quarter. Coatings is a strategic focus for the business and will become an increasingly important component of the business going forward as we seek broader diversification. We anticipate the coatings business to expand further with the introduction to VitaFresh Botanicals, which is our plant-based edible coating solution to preserve freshness, extend shelf life, reduce food loss and waste, and result in superior eating experiences. We recently participated at Fruit Attraction, which is one of the main international trade shows for the horticulture sector. The response from the industry to our VitaFresh Botanicals line continues to build, and we believe it demonstrates a key opportunity to diversify and grow beyond palm fruits to other important market segments such as citrus and avocados. In summary, we were met with a series of dynamics in the third quarter that we needed to contend with. The reality is that weather and seasonal shifts in harvest timing are common in our business, which is why it's important to evaluate the business in seasonal halves. In spite of these headwinds, we continue to advance our diversification efforts, which is visible in the 15% growth that we generated in the trailing 12 months period ending September 30th, 2021. Our ability to grow through this challenging environment speaks to our team's focus and resilience to continue to drive business across multiple crops, products, and geographies while continuing to support our customers at every turn. I continue to be encouraged by the progress we are making towards developing new capabilities and the experienced team we have at our company to advance our growth through diversification strategy. I'll now pass the call to Graham to speak to some of the financial highlights. Graham?