Materialise NV

Good day, and thank you for standing by. Welcome to the Q1 2022 Materialized Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during that session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded, and if you require any assistance during the call, please press star 0. I would now like to hand the conference over to your host today, Ms. Harriet Freed. Ms. Freed, you may begin.

Thank you, everyone, for joining us today for Materialize's quarterly conference call. With us on the call are Freed Van Kran, founder and chief executive officer of Materialize, Peter Lays, executive chairman, and Johan Albrecht, chief financial officer. Today's call and webcast are being accompanied by a slide presentation that reviews materials Materialize's strategic, financial, and operational performance for the first quarter of 2022. 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 issued earlier today can also be found on that page. Before we begin, 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 to 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 20-F 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 also at the end of the slide presentation. With that introduction, I'd like to turn the call over to Peter Lane. Go ahead, please, Peter.

Thank you, Harriet, and thank you, everyone, for joining us today. You can find the agenda for our call on slide number three. As the first item on the agenda, I will summarize the highlights of our financial results for the past quarter, and then I will pass the floor to Fried, who will give you more context about the upcoming launch of our CoAM platform at Rapid. After that, Johan will walk you through our first quarter numbers in some more detail, and finally, I will come back to give you some brief observations about our current view on what the near-term future may bring. When we have completed our prepared remarks, we will be happy to respond to any questions that you may have. So, let's turn to slide four, which summarizes the highlights of our first quarter results. We are pleased to report first quarter revenue of almost 53 million euro, up 16% from the first quarter of 2021. and driven by growth in all three segments, in particular in materialized manufacturing. Also, and not unimportantly, deferred revenue from maintenance and license fees increased by almost 3 million euro, underscoring the strong sales performance in both our medical and software segments. Our adjusted EBITDA for the quarter increased by approximately 2% to 5.4 million euro and included the negative impact of our continued investment in LINK3D. With these highlights, I would like now to give the floor to Frit, who will walk you through the CoAM platform. Frit, the floor is yours.