Hyzon Motors Inc.

Good morning and welcome to the Hyzen Motors second quarter 2021 conference call. As a reminder, today's call is being recorded. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. At this time, for opening remarks and introductions, I would like to turn the call over to Darla Rivera, Investor Relations Manager of Hyzen.

Good morning and welcome to Hyzen's second quarter 2021 earnings call. I'm Darla Rivera, Senior Manager of Investor Relations. On today's call are Craig Knight, our Chief Executive Officer, and Mark Gordon, our Chief Financial Officer. We issued our results today in a press release that can be found on our website, HyzonMotors.com, in the Investor section. As a reminder, our comments within this call may contain forward-looking statements. These statements are subject to various risks and uncertainties. These statements include expectations and assumptions regarding the company's future operations and financial performance, including the impact of the COVID-19 pandemic. Actual results could differ materially from those predicted in the forward-looking statements. Hyzon Motors Incorporated assumes no obligation to update them in the future as or if circumstances change. For more information, please refer to the risk, uncertainties, and other factors discussed in our SEC filings. Additional information concerning factors that could cause actual results to differ materially from those discussed during today's conference call or in this morning's press release can be found in the company's definitive proxy statement filed with the SEC on June 21st, its registration statement filed on July 20th, and other documents filed by the company from time to time. During this call, we also refer to certain non-GAAP financial measures, including EBITDA. More detailed information about these measures and a reconciliation to the nearest U.S. gap measures as contained in the press release issued this morning, which is available in the investor section of our website and was furnished on Form 8K with the SEC. And with that, I am pleased to turn the call over to Craig Knight.

Thanks, Darla, and thank you to everyone for joining us this morning for our inaugural quarterly earnings call. Today marks the start of a new chapter for Hyzon as a public company, July was a busy month for us. We successfully completed the merger with Decarbonisation Plus Acquisition Corporation, with 94.8% of the shares voted in favour of the merger, with a meagre 7.4% of common shares being redeemed for cash. Following the vote, we completed our business combination, which resulted in a primary capital raise of $555 million for Hyzon prior to transaction expenses. This remarkable achievement of closing our transaction with such overwhelming support from DCRB shareholders was both a validation of our strategy and an investment in our future. We officially began trading under the ticker HYZN on July 19 on the NASDAQ. With over $500 million of cash on hand, we'll continue investing in our growth as we drive towards a future of net zero emissions. I'm excited for this next chapter and extremely proud of our entire team's tenacity and commitment to get us to this point. We face the future with a strong sense of obligation as a public company. Recapping our commercial status, we expanded our backlog under contract or MOU to $83 million with additional customer uptake in both Europe and Australia. I'm also very excited to announce we delivered two additional municipal service trucks in Europe just last week, making three heavy trucks delivered since the middle of July. These are the seed sales we have always talked about, which lead to much bigger things down the track. We announced just this morning in a separate press release we have signed an agreement with TTSI in California to trial our first Hyzon Class 8 fuel cell electric truck here in the United States. commencing in Q4 this year. It's fair to call this announcement the tip of the proverbial iceberg in relation to negotiations happening right here in the States, and we're extremely confident in the desire of US corporations and government agencies to move towards net zero emissions. This belief has been further validated by the actions being pursued by the Federal Administration to reduce vehicle emissions in the United States. and we're excited to be part of this pivotal moment in the US. We expect Hyzon to be an important contributor towards 2030 emissions reduction goals as they pertain to heavy vehicles. Hyzon has also announced several strategic partnerships to enhance our portfolio and further develop and deliver on our business model. Our latest investment of $2.5 million in Raven SR will allow us to secure negative carbon score hydrogen supply from up to 250 hubs. We remain committed to facilitating the build out of hydrogen production hubs across the US to enable the quick and easy adoption of hydrogen powered commercial vehicles operating in a back to base mode. Hyzon is also broadening our addressable market by targeting very high power on- and off-road applications and very long-distance heavy trucking, as illustrated through the recently announced partnership with Chart Industries relating to on-vehicle liquid hydrogen systems. As mentioned earlier, we expect that our cash on hand of over $500 million will enable us to advance our plans to ramp up our operations globally. We believe our manufacturing scale-up in New York and Illinois remain on track to be fully operational in the first half of 2022 as we build out our capabilities to bring American-made heavy vehicle fuel cell systems to the market, which we believe will allow us to be at the forefront as fuel cell electric commercial vehicles are adopted to meet increasingly aggressive transition plans. We believe the decarbonisation of commercial transportation is dependent on hydrogen-powered electric propulsion. With that, I would like to turn the call over to Mark Gordon, our Chief Financial Officer, to comment on our quarterly financials. Over to you, Mark.