BurgerFi International Inc

Good afternoon, everyone, and thank you for participating in today's conference call to discuss BurgerFi's financial results for the first quarter and at March 31, 2022. Joining us today are Ian Bain, CEO of BurgerFi International, and Mike Rabinovich, CFO of BurgerFi International. Following their remarks, we'll open the call for your questions. Before we begin today, I want to remind everyone this conference call may contain forward-looking statements. as defined in the Private Securities Litigation Reform Act of 1995, including statements relating to BurgerFi's estimates of its future business outlook, store opening plans, same-store sales, and restaurant operating margin growth plans, prospects or financial results, including projected sales, restaurant EBITDA, or financial results from the company's acquisition of Anthony's Coal-Fired Pizza in Winston. Forward-looking statements generally can be identified by words such as anticipates, believes, estimates, expects, intends, plans, predicts, projects, will be, will continue, will likely result, and similar expressions. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our actual results to differ materially from those reflected in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in our annual report on Form 10-K for the year ended December 31, 2021, and those discussed in other documents we filed with the Securities and Exchange Commission. All subsequent written and oral forward-looking statements attributable to BurgerFi or persons acting on BurgerFi's behalf are expressly qualified in their entirety by the cautionary statements included in this conference call. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements except as required by law. Given these statements and uncertainties, listeners are cautioned not to place undue reliance on such forward-looking statements. Also, the following discussion may contain non-GAAP financial measures. For a discussion and reconciliation of these non-GAAP financial measures, please see our earnings release for the first quarter of 2022. I would like to remind everyone that this call will be available via telephonic replay for two weeks starting today. A webcast replay will also be available via the link provided in today's press release as well as on the company's website at www.BurgerFi.com. Now I would like to turn the call over to the CEO of BurgerFi, Ian Baines.

Ian? Good morning, Mr. Day, and I'm glad to be here as CEO of BurgerFi.

I want to take a moment to thank our team for their dedication and hard work in this challenging environment. I couldn't be more proud of our team. I couldn't be more proud of how our team worked together to deliver our first quarter results. in which we opened six new BurgerFi restaurants, grew our total revenues by more than 300% and increased our adjusted EBITDA by over 200%. During the fourth quarter of 2021, BurgerFi completed its acquisition of Anthony's Coal Fired Pizza and Wings. So as such, the first quarter of 2022 marks the first quarter that I led the combined company as CEO. and we are enthusiastic about the way the teams are coming together, learning from each other, and our ability to realize our planned synergies and continue to grow our two strong brands. It's a very exciting time here at Burger Pie. Anthony's was a very natural fit for Burger Pie, as both brands have a strong foothold in the Florida market and other parts of the Southeast, which has created instant synergies. Further, Anthony's was a compelling opportunity given the brand's strong profitability history and future potential and top-tier unit economics. In addition to the revenues and EBITDA contribution from Anthony's core restaurants, we see additional long-term growth opportunities through unlocking the franchising growth opportunity. The acquisition of Anthony's by BurgerFi It enhanced our profitability, provided access to greater competencies between the two brands and leadership teams, and expanded our addressable market for future growth. The integration of Anthony's into the BurgerFi system is going very well, and we are on track to realize 2 million in synergies in 2022, which is our first wave of the cost savings. The acquisition of Anthony's provided us the necessary skill we needed to continue our strategy of building a strong multi-platform growth company in the fast casual and casual dining industries. And we are making significant progress towards that end. I'll now turn the call over to our CFO, Mike Rabinovich, who will provide additional commentary on our performance for the first quarter 2022 financial results. Mike, I'd like to turn the call over to you.