GreenPower Motor Company Inc.

Hello and welcome to the Green Power Motor Company fourth quarter and year-end earnings call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touch-tone phone. Please note this event is being recorded. I would like now to turn the conference over to Michael Sieffert, CFO. Please go ahead.

Thank you. This is Michael Sieffert, the Chief Financial Officer of Green Power Motor Company. I would like to welcome everyone to our call to discuss Green Power's financial results for the fourth quarter and year-ended March 31, 2023. I'm here today with our Chief Executive Officer, Fraser Atkinson, and our President, Brendan Riley. During today's call, we may make comments or statements about our future expectations, plans, and prospects, which may constitute forward-looking statements for the purposes of safe harbor provision under the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in our quarterly interim results in MD&A filed on CDAR and on ACR. In addition, these forward-looking statements relate to the date on which they are made. We anticipate subsequent events and developments may cause the company's views to change Green Power disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Also, during the course of today's call, we may refer to certain non-IFRS financial measures. Reconciliation of these non-IFRS measures can be found in our NDA files on CDAR and on EDGAR, and is also located on our website at www.greenpowermotor.com. I will now pass the call of the Green Power CEO, Fraser Atkinson.

Thanks, Michael. This was a record-setting quarter for Green Power as we recorded revenues in the fourth quarter of $15.3 million, more than three and a half times the revenue of $4.3 million for the fourth quarter in the previous fiscal year, and we delivered 123 Green Power vehicles in the quarter, which was also a record. The growth and deliveries for the year were equally impressive, as we generated record revenues of $39.6 million in the 2023 fiscal year, an increase of 130% over the previous year's revenue of $17.2 million, and we delivered 299 green power vehicles compared to 93 vehicles in the previous year. One of the most frequent questions we hear from stakeholders is, how is Green Power's cash position? In September 2022, we put in place an ATM or at-the-market offering. During the year ended, March 31st, 2023, we had raised gross proceeds of $4.9 million, and in April, we raised another $520,000 with the ATM. We have not been on the ATM since then. We have an $8 million line of credit with BMO, at year end, we were on our line of credit for $6.6 million and had $600,000 of cash in the bank, effectively giving us about $2 million of available funding. At the end of last week, we were not having to utilize any of the line of credit. In other words, we were completely off our line and had approximately $1.5 million of cash. So we have gone from available funding of $2 million at year end to approximately $9.5 million at the end of last week. Presently, the commercial vehicle group has 42 active or live orders and 141 signed purchase orders for various EV star models, which excludes our workhorse activities. So this is our commercial vehicle group over and above that particular contractual arrangement. The school bus group has 63 active orders or live orders and additional purchase orders for our BEAST and Nano-B school buses with deliveries for the first orders for these utilizing current inventory. I'll now hand it over to Brendan for discussion on the operations.