Atlas Critical Minerals Corporation

Greetings. Welcome to the Atlas Technical Consultants first quarter 2021 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, David Quinn. Mr. Quinn, you may begin.

Thank you for joining our first quarter 2021 earnings conference call. We hope that you have seen our earnings release issued after the market today. Please note that we have also posted a presentation in support of this call, which can be found in the investor section of our website at oneatlas.com. Before we begin, I would like to remind you that today's call may include forward-looking statements. Any statements describing our beliefs, goals, plans, strategies, expectations, projections, forecasts, and assumptions are forward-looking statements. Please note that the company's actual results may differ from those anticipated by such forward-looking statements for a variety of reasons, many of which are beyond our control. Please see our recent filings with the Securities and Exchange Commission, which identify the principal risks and uncertainties that could affect our business, prospects, and future results. We assume no obligation to update publicly any forward-looking statements. In addition, we will be discussing or providing certain non-GAAP financial measures today, including adjusted EBITDA, adjusted EBITDA margins, adjusted net income, and adjusted EPS. Please see our release and filings for a reconciliation of these non-GAAP measures to their most directly comparable GAAP measure. Moving to our agenda on slide three, I am joined today by our Chief Executive Officer, Joe Boyer, who will provide an overview of our business and give an operating update. I will continue with the discussion of our financial results and the outlook before we open up the call for questions. At this point, I'll turn the call over to Joe to pick up on slide four.

Thank you, David. I am pleased to report that we had a strong start to 2021 thanks to the quality of our technical resources and their commitment to providing first-rate services to our customers. I'm also excited to share a number of proof points with you today that demonstrate our focus and discipline to execute on our strategy and continue to create long-term value for our stakeholders. For the first quarter, we received nearly 13% revenue growth and a 13% increase in adjusted EBITDA, driven by a return to mid-single-digit organic growth. Our results and achievements in the first quarter exceeded plans and positioned us to deliver growth and increase profitability for the balance of the year and beyond. In March, we announced the strategic acquisition of AEL. a full-service materials testing, inspection, and engineering firm in the New York and New Jersey markets. That transaction closed in mid-April and will contribute to our results beginning the second quarter of 2021. As you all know, a primary focus of this management team has been to optimize our capital structure in order to position the company for long-term growth. In February, we completed a transformative recapitalization of our balance sheet that dramatically simplified our capital structure, reduced our borrowing costs, improved free cash flow, and provided committed financing to support inquisitive growth. The recapitalization enables us to expand the Atlas platform into new geographies, cross-sell more services, increase self-performance of work, and fully utilize the strength of our organization to deliver technical excellence to our clients. Our people are the foundation of our success and are making our company stronger every day. We are encouraged by the increase in projects and contracts coming to the market in our bidding pipeline, as well as the success we are achieving in our win rates as our end markets continue to strengthen. We expect both the volume and size of the new project wins to trend higher and drive the expansion of our business for the foreseeable future. We are particularly excited about the opportunities we are pursuing in the environmental, transportation, and infrastructure areas. On the right side of slide four, we show an example of an impactful, sustainable project involving an array of our environmental and engineering design services. Our capabilities position us well to offer solutions to our clients particularly for their long-term sustainability objectives. We are helping them identify and mitigate environmental risks associated with their operations and innovate with them to develop technical solutions that enhance the quality of their assets.