Materialise NV

Good day. Thank you for standing by. Welcome to Material Life's fourth quarter of 2021 Financial Resources 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. To ask a question, you will need to press star 1 on your telephone. If at any time during the conference you need to reach an operator, please press star 0. And now I would like to turn the conference over to Ms. Harriet Freed. You may go ahead, ma'am.

Thank you for joining us today for Materialize's quarterly conference call. With us on the call are Frid von Braun, founder and chief executive officer of Materialize, Peter Leys, executive chairman, and Johan Albrecht, chief financial officer. Today's call and webcast are being accompanied by a slide presentation that reviews Materialize's strategic, financial, and operational performance for the fourth quarter of 2021. To access the slides, if you haven't already done so, please go to the investor relations section of the company's website at www.materialize.com. The earnings release that was issued earlier today can also be found on that page. Before we get started, I'd like to remind you that management may make forward-looking statements regarding the company's plans, expectations, and growth prospects, among other things. These forward-looking statements are subject to known and unknown uncertainties and risks. that could cause actual results to differ materially from the expectations expressed, including competitive dynamics and industry change. Any forward-looking statements, including those related to the company's future results and activities, represent management's estimates as of today and should not be relied upon as representing their estimates as of any subsequent date. Management disclaims any duty to update or revise any forward-looking statements reflect future events or changes in expectations. A more detailed description of the risks and uncertainties and other factors that could impact the company's future business or financial results can be found in the company's most recent annual report on Form 20F filed with the SEC. Finally, management will discuss certain non-IFRS measures on today's call. A reconciliation table is contained in the earnings release and at the end of the slide presentation. With that introduction, I'd like to turn the call over to Peter Ley. Go ahead, please, Peter.

Thank you, Harriet, and good morning and good afternoon, everybody. Before turning to slide four, which summarizes the highlights of our Q4 and 2021 full-year financial results, I would like to emphasize that our thoughts and actions today are focused on the safety and wellbeing of our Ukrainian collaborators. Their lives and security are of utmost importance to us. Fried will address the actions we are taking to assist them during his remarks. Now, turning to our 2021 results. As some of you may remember, in the third quarter of 2021, Materialise posted all-time quarterly records, both in terms of revenues and in terms of EBITDA. Today, we can announce that none of the Q3 records are still on the books, for the simple reason that they have been surpassed by the all-time high revenues and adjusted EBITDA that we posted in the fourth quarter. Driven by a very robust revenue growth in each of our segments, our consolidated Q4 revenues increased by more than 25% to a quarterly all-time high of close to 57 million euro. Our adjusted EBITDA for the quarter was 10.5 million euro, representing a margin of 18.4%. And our net profit for the quarter was almost 4.8 million euro. In particular, our software and medical segments realized very strong EBITDA margins in the fourth quarter. Software more than 45% and medical more than 30%. For completeness sake, I should add that also for the full year 2021, our revenue adjusted EBITDA and net profit are all time records. Johan will fill you in on those numbers later. These results show that our strategy of continuing to invest throughout the COVID-19 pandemic in our people in general and in research and development in particular was the right choice and is already paying off in the short term. I would like to now pass the floor to Frit, who will walk you through some of the key operational achievements of Materialise in 2021. Frit.