Helbiz, Inc.

Thank you for standing by and welcome to the LBIS second quarter 2022 earnings conference call. Currently, all participants are in a listen-only mode. As a reminder, today's program will be recorded. If anyone objects, please disconnect now. I'd like to introduce your host for today's call, Gary Dvorak, Managing Director with the Blue Shirt Group, Mr. Dvorak Steve Orciak, please go ahead.

Thank you, Operator, and hello, everyone. Welcome to Hellbiz's second quarter 2022 results conference call. With us today are Founder and Chief Executive Officer Salvatore Pallela and Chief Financial Officer Giulio Profumo. We issued our financial results press release today after the market closed. It's available via news wires and on our website at investors.hellbiz.com. A replay of this conference call will be available later today on the Investor Relations page of our website. Please note that our press release and this conference call contain forward-looking statements that are subject to risks and uncertainties. These forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors. Hellbiz can give no assurance that these statements will prove to be correct. We have no obligation to update these statements. I will now turn the call over to Salvatore to begin.

Thank you, Gary, and good day, everyone. Thank you for joining today's call to review our business performance and financial results for the second quarter of 2022. I will provide a business update before turning the call over to Giulio for the financials. To start off, I want to make you all aware that we have focused our whole team from top to bottom to drive healthy profitable operations as quickly as possible. We spent a lot of effort and money over the past year building our infrastructure. We introduced many attractive products and services and in general prepared for explosive growth. These require large investments, which you have seen in our operation expenses and capital spending. With this foundation in place, now is the time to convert our investment into profit. We directed our team to shift their mindset to cost effectiveness, efficient use of capital, and a bottom line focus. Our immediate goal is to drive margin, expansion, show operating leverage, conserve cash, and invest smartly and effectively. In the second quarter, we saw initial sign of success. In our core mobility segment, cost of readiness declined 70% versus last year. We believe we can continue to scale mobility by growing revenue rapidly and expanding growth margin while controlling operating expenses. These will be primary goals upon which every employee of Elbit will be judged, starting from me. Our focus on cost of margin does not degrade from our effort to drive growth. In that regard, performance in the second quarter was quite solid. Revenue of $4.4 million was up 46% year over year and 32% compared to the first quarter. Revenue growth was driving both by increasing license and riding in our core micro-mobility business and by our entry into media and food delivery last year. As our core business, mobility saw solid growth in the key measure of quarterly activity platform user and trip. The growth reflects rebounding travel and important season factor, the rise of the warm weather. Our team is doing a remarkable job of navigating a complex regulatory environment. We are working closely with city officers to ensure that we provide a safe, reliable service. As of June 30, 2022, we hold 50 licenses in 38 cities in both the US and Europe. To sustain this high piece of expansion, we have built our fleet and operating teams. In Tampa, Florida, we were selected as a new vendor to replace an existing operator. Expanding in Flint, Michigan, and Miami Lake, Florida are on plan. We also received an expansion for our license in Washington, D.C., and continue to be the only operator in Miami. Looking abroad, we recently expanded our global presence into Australia. We are partnering with Logan, City Council of Queensland. Australia to initiate Creel operations. We are also starting a program with Alloggio, a leading local holiday rental operator, to offer our scooter to their guests. In Italy, we are partnering with Universal Pictures to acquire local riders with a final activation with the new Minions movie. Even with the near-term goal of scaling the profitability operation, we are not ignoring the massive long-term support community We signed a letter of intent to acquire Wheels, another leading micro-mobility company in the U.S., and the diligence is underway. We will update the market as it progresses. Also, looking long-term, just last week, we introduced Taxi Hiring to our app. This service enables our mobility offering to our customers. For example, it enables them to utilize habits even in bedwells. The opportunity here is an order of magnitude greater than scooter alone, and it's capital life, since it does not require us to invest in vehicles. You will hear more about this as a new product as we roll out in the coming months. On our technology front, we are investing to future develop safety technologies. In early July, we introduced HelmetChecker, our self-developing real-time helmet verification function. Helmet checker is part of the Helbit app, of course, but also can be licensed by others in our industry. As an industry leader, we are motivated to promote safe riding of all micromobility vehicles. Finally, to found growth, we are building our liquidity. In July and August, we complete a $5 million financing that is part of a planned green bond issue that could be up to 50 million. Our bonds are considered green and can tap a wider pool of investors. Due to this sustainability initiative that we launched last December, those guidelines reflect year of commitment to ESG science inception. Now, let me turn the call over to our CFO, Giulio Profumo, to discuss our financial performance for the second quarter. Giulio?