Codere Online Luxembourg, S.A.

Good afternoon. My name is Rob and I will be your conference operator today. At this time, I'd like to welcome everyone to the Coderre Online first quarter 2022 financial results conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you'd like to withdraw your question, again press star 1. Thank you. Guillermo Lancha, Director of Investor Relations, you may begin your conference. Guillermo Lancha, Director of Investor Relations, you may begin your conference.

Thanks, operator, and welcome everyone to Coderre Online's earnings call for the first quarter of 2022. As in our prior call, today you will hear from our CEO, Moshe Adre, and CFO, Oscar Iglesias. Before turning the call over to Oscar, I'd like to remind everyone that during this call, we will be referring to a presentation we uploaded to our website earlier today. We encourage everyone to read the disclaimer section, particularly the points around forward-looking statements, non-IFRS financial measures, and preliminary information. During today's call, we will be referring to non-GAAP financial metrics, such as net gain in revenue or adjusted EBITDA, for which you can find the conciliations in the appendix section of the presentation. Finally, please note that a replay and transcript of this call will be available later today on our website at goderionline.com, and that if you haven't done so already, we encourage you to sign up to our investor email alerts. Oscar, over to you.

Thanks, Guillermo, and good afternoon to everyone joining the call. This is our first full quarter of operating results as a publicly traded company, and we look forward to giving you an update on business trends, to add to the information that we have provided in our first annual report, which was filed on Form 20F on April 29th, and which is available on our website. Before moving into details regarding the quarter, just wanted to remind you that Closet Online is Luxembourg-based, and as a European company, our accounting information is prepared under IFRS accounting standards, and our functional currency is the Euro. As such, throughout this presentation, All monetary figures will be in Euro unless expressed otherwise. Also, based on the feedback that we have received from a number of you following our fourth quarter earnings call, in today's presentation, we are providing both consolidated income statements and country-level net gaming revenue and adjusted EBITDA on a quarterly basis throughout 2020 and 2021, in addition to, of course, first quarter 2022 figures. We hope that this will be helpful to those of you that have either built or are considering building a financial model, but also as further context for everyone that is tracking the performance of our business. Going forward, we will be moving this information to the Annex and focusing more on current quarter and year-to-date results in each case versus applicable prior year periods. With that, I will go ahead and pass the call on to Moshe. Moshe, you may be on mute. Hello? Yep, we hear you now. Thanks.