Charge Enterprises, Inc.

Good day, everyone, and welcome to the Charge Enterprises fourth quarter and full year 2022 financial results webcast. I am Matthew, and I'll be your operator for today's webcast. Today's webcast is being broadcast over the Internet and also recorded for playback purposes. After the speaker's remarks, there will be a previously solicited question and answer session. For opening remarks and introductions, I would like to turn today's call over to Vice President, Investor Relations with Charge Enterprises, Christine Cannella. Please go ahead, Ms. Cannella.

Thank you, Matthew. Good morning, everyone. I'm Christine Cannella, Vice President of Investor Relations with Charge Enterprises. Welcome to Charge Enterprises' fourth quarter and full year 2022 financial results webcast. You will find our press release, along with a copy of today's slide presentation, on the Investors section of our website at www.investor.com. charge.enterprises. If you're following along today with our earnings presentation, please turn to slide two. Joining me for today's discussion are Andrew Fox, founder, chairman, and CEO, and Leah Schweller, chief financial officer. Andrew will kick this off with a review of our key takeaways for today's webcast. Leah will then walk you through a review of our financials. and then we will answer your questions. As this is our first earnings call, we are conducting a moderated Q&A session, answering the questions you have submitted. We thank you for your questions. Moving on to slide three, we would like to remind you that much of the information we will be speaking to you about today, including the answers we give in response to questions, may include forward-looking statements within the provisions of the Federal Security Safe Harbor Law. In today's press release and in our SEC filings, we detail material risks and uncertainties, many of which are beyond our control and could cause actual results to differ materially from our expectations. These forward-looking statements apply, as of today, and we undertake no obligation to update these statements after the call. For a more detailed description of certain factors that could cause actual results to differ, please refer to our Form 10-K filed with the SEC and our earnings release posted on our website and filed with the SEC on Form 8-K. Please note that our press release and our call today include non-GAAP financial measures Reconciliations of these non-GAAP financial measures are set forth in the press release we issued today. The slide presentation with today's webcast and on the company's website. With that, I am pleased to turn today's webcast over to Andrew.

Thank you, Christine, and welcome to CHARGE's inaugural earnings conference call. We're excited to share the accomplishments of our recently completed fiscal year and help you understand our vision and our strategy for 2023 and beyond. As this is our first conference call, I'd like to provide an overview of our business and outline what we hope you take away from our prepared marks on slide four. In 2022, Charge Enterprises reported $698 million of revenue, including $106 million from our infrastructure segment. Infrastructure also notably finished the year with a backlog where signed customer contracts are unstarted or unfinished projects of $82 million. The federal government has committed more than $70 billion to broadband and EV charging infrastructure, and large automotive OEMs have committed to invest over $1 trillion in electrification over the next decade. Building and maintaining the infrastructure for these vehicles is paramount to electric vehicle adoption, which is central to CHARGE's mission. We anticipate significant growth in the EV and broadband industries during 2023 and beyond, leading to a surge in strategic infrastructure development. This is the backbone of Charge's future, and industry participants are increasingly committed to getting this done. Now let's move to slide five to discuss Charge today. Charge Enterprises at its core is an enabler. Our installation services are essential. By prioritizing white glove service, expertise, education, and creative design, we deliver a premium service in an emerging industry. We have built a team of industry veterans and worked hard to build a foundation for growth within our EV charging infrastructure business. In 2022, we integrated our acquisitions of A&S, BW, and EV Depot, and we delivered strong revenue growth across our businesses. Leah Schweller, Our CFO will go into more details on this shortly. For 2023, our priorities are to continue to develop our business overall and invest in our fast-growing EV charging infrastructure operation. Now moving to slide six. Our aim is to make it easy for our customers and their clients to go electric. We design, install, operate, and maintain infrastructure for electric vehicles and high-speed broadband. We have two segments. infrastructure, and telecommunication. In infrastructure, our subsidiaries are our newly created charge infrastructure business unit, or CI, which focuses on EV charging infrastructure, where we have steadily been building our partnership with retail auto dealerships with active projects currently going on in 24 states. Our leadership team boasts over 150 years of collective experience in the automotive space, from companies like Ford, GM, Electrify America, and Volvo. Our experience and the knowledge of our team gives us a deep understanding of auto dealership priorities and needs, and our services are designed to help them build the infrastructure they need for their businesses to thrive in the future. We're also developing software solutions that enable us to monitor and maintain the EV charging infrastructure we help install. This will give us valuable insights into the evolving EV ecosystems. Our relationships and our meaningful progress working with our auto dealership clients also positions charge to participate in future opportunities as they arise. EV Depot. We acquired a real estate solution called EV Depot to support the future shift towards electric vehicles for large commercial and fleet operators. We expect as more fleets switch to electric vehicles, charging depots will become the modern-day equivalent of gas stations. This will create new opportunities for EV Depot to grow and expand its operations. Now, to our recently acquired infrastructure business, A&S and BW Electrical Services. They specialize in providing wireless and broadband infrastructure, as well as providing complete commercial electrical services. Our services cover everything from planning and design to construction, installation, and ongoing monitoring and maintenance. We have a highly skilled and experienced workforce providing top quality services to blue chip customers. In our telecommunication segment, we provide services to some of the biggest telecommunication companies in the world. This business has several strengths, including deep longstanding relationships with tier one telecommunication providers. It also has favorable working capital dynamics and a public company backbone with experienced leadership and personnel. In just over three years, Charge Enterprises has grown to nearly $700 million in revenue to 385 members, including a Detroit-based team with extensive automotive experience and transitioned from an OTC-traded company to a NASDAQ-listed company. So this is Charge Enterprises. We accomplished great things in 2022 and believe our experience, positioning, and value proposition sets us up to execute on growth strategy in 2023. Now I'd like to turn today's webcast over to Leah to go over our financial performance.