NewAge, Inc.

Greetings. Welcome to New Age Incorporated's first quarter 2021 earnings conference call. At this time, all participants are in a list of notes. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone pad. Please note this conference is being recorded. I will now turn your conference over to Riley Timmer. Thank you. You may begin.

Thank you, operator. Good morning, and thank you for joining New Age's first quarter financial results investor conference call. I'm Riley Timmer, the global head of investor relations for New Age, and I'm pleased to be with you all today. On today's call, we have Brett Willis, our chief executive officer, and Mark Wilson, our group president. Now, I remind everyone that this conference call may contain certain forward-looking statements reflecting management's current expectations regarding future results of operations, economic performance, financial condition, and achievements of the company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainty. Factors that could cause these results to differ materially are set forth in our annual report on Form 10-K and 10-2 filed with the SEC. Any forward-looking statements that we may make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events. During this call, we may present both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP measures is included in today's earnings press release, which is available on our website at newage.com. Also, the transcript of today's conference call will be available on our website within the investor section at www.newage.com. Now I'll turn the call over to Brent Willis, our CEO.

Thanks, Riley. We completed our first full quarter as a newly combined company following the merger between RX, Mirinda, Zenoa, Limu, Mavi, and New Age in the end of the year, and the results were better than expected. It's great to get a fast start to the year, and we have. with $125 million in revenue for the quarter, and importantly, our second profitable quarter in a row in EBITDA in what is still our smallest seasonal quarter of the year. Now, driving organic growth, integrating major organizations, building new common cultures, capturing synergies to drive further accretive value for shareholders while continuing to bring in additional accretive acquisitions is actually It's not that easy to all get right, but we have some experience with acquisition integration. We focus on what matters, we drive sales, and we have our model and processes down, and it is working quite well. Getting double-digit growth in the first quarter of the year and us being together has exceeded our internal expectations. Now that we've reached our initial scale, And now that our convergence and synergy capture is well underway, both the top and bottom lines are beginning to produce the intended results. Honestly, we are in the strongest position we have been in our short four and a half year history since I've had the honor of being part of our company. Sometimes things may not be always as clear to those that are not in the trenches with us every day, but those patient investors that have stayed with us from a short time ago where we were, you know, frankly trading at 19 cents on the OTC, actually not trading on the OTC pinks, those are what patient investors that have stayed with us have done quite well. But of all the things that we're gonna share with investors today, I hope you take away these three things that we believe are the keys to success and why we believe New Age is so attractive going forward. Number one, we are building differentiated brands, and we have the science and pipeline of IP to win with them in the future. We have an on-trend direct-to-consumer route to market that every CPG company is looking how to do, and we're the ones that have the system. And number three, we have the social selling network of over 400,000 exclusive brand partners and customers. This team of influencers is our fundamental source of competitive advantage because what investors may not realize is that friends and family recos and your social feed are the largest drivers of purchase these days. It is not TV advertising or merchandising at the point of sale. like virtually all legacy CPG companies are structured to do and are still doing because that's what they know. But believe me, they are all trying to figure out how to become more direct and do what we do and get what we have today. That's what we all have today, what we all own, and our pathway forward looks excellent. I am pleased with how things are going and our first quarter results. Our first full quarter reported results as a combined company with Oryx and our other partners, but the second quarter in a row with positive EBITDA. The accelerated organic growth we are seeing from the merger is very encouraging and has us on pace to exceed our expectations. The convergence of our companies is on pace to deliver even more cost synergies. than anticipated, resulting in better than expected bottom line results throughout 2021. And the strengthening of our organizational capabilities and management team is providing us the runway to do even more. Now, with that, let me turn it over to Mark Wilson to take a few minutes to give you some insight into what is happening with us operationally. Mark?