Nayax Ltd.

Hello, everyone, and welcome to NIAC's second quarter 2024 earnings conference call. All participants are at present in listen-only mode. Following management's formal presentation, instructions will be given for the Q&A session. As a reminder, this conference is being recorded. I would now like to turn the call over to your host, Mr. Aaron Greenberg. Please go ahead, Aaron.

Thank you, Operator, and everyone for joining us today on this conference call. With me on the call today are Yair Nechmad, NIAC's co-founder and chief executive officer, and Sageet Manoor, chief financial officer. Following management's prepared remarks, we will open the call for the question and answer session. Our press release and supplementary investor presentation are available on our investor relations website at ir.niacs.com. As a reminder, during this call, we'll be making four looking statements. All forward-looking statements on our call today are based on assumptions and therefore subject to risks and uncertainties that may cause results to differ materially from those projected. We have no obligation to update these statements except as required by law. You can read about these risks and uncertainties in our supplementary investor presentation released earlier today and our regulatory filings. In addition, today's call will include a discussion of non-IFRS measures. Management believes known IFRS results are useful in order to enhance our understanding and our ongoing performance. However, these measures should be considered as a supplement to and not as a substitute for IFRS financial measures. A reconciliation between NIACS's non-IFRS to IFRS measures can be found in our earnings press release issued earlier today. All key performance indicators are intended to evaluate our business and properly measure factors in a macroeconomic environment to guide and support our decision making. These key performance indicators may be calculated in a different manner from our industry standards. And finally, please note that all figures in today's call will be reported in U.S. dollars unless stated otherwise. Yair will start the call with key financial and operational highlights. Following that, Sagit will go through the details of financial results and discuss the outlook. And with that, I would like to turn the call over to NIACS' CEO, Yair Nehman. Yair?

Thank you, Aaron. Thank you to everyone joining us today to discuss our earnings for the second quarter of 2024. We are excited to share another robust quarter with significant improvement in all metrics, notably in gross margin and adjusted EBITDA. For the first time since 2018, we returned to positive operating profit, which is a significant milestone in our company's trajectory. This achievement underscores our business model and strategic execution setting the tone for strong 2024. The ongoing margins enhancement underlines our operational leverage, building a resilient foundation for long-term success. Our strategic focus on automation and operational efficiency continue to bolster our profitability. In Q2, we have continued to make notable strides in improving our hardware margin and optimizing our supply chain infrastructure. We expect to continue to see improvement in profitability as we push towards our long-term target model of 30% adjusted EBITDA margin. Revenue continued to grow to record level with $78.1 million in the quarter or a 39% increase from Q2 2023. We believe that the automated self-service industry has been resistant so far to the discretionary spending headwind that some industries are facing. In Q2, we saw a rise in larger enterprise sales. Small and medium-sized businesses also contributed significantly to our sales. We added more than 9,000 new customers in Q2, reaching 85,000 by the end of Q2. Continuing our trend of substantial new customer growth, over 6,000 of the customers were from organic growth. Driven by this achievement, we added 78,000 new managed and connected devices in Q2, reaching 1.2 million devices. Our pipeline remains robust, positioning us strongly for the rest of 2024. In Q2, we close two strategic acquisitions that expand our product offering and market reach. Our M&A strategy supports sustained growth and market leadership, facilitating both organic and inorganic expansion. The acquisition of Rosman Engineering a hardware and software provider for forecourt and EV management, strengthened our position in the fast-growing energy segment. This aligned with our strategy to offer a comprehensive payment solution in forecourt. We see great potential in providing a unified payment ecosystem for various forecourt services. As a result of integration synergies, we launched in Q2 our first payment devices at GasPam, with one of the largest gas station operations in Israel. We intend to expand into European markets later this year. This will be significant potential as we see this expansion increasing our company's 10. We also completed the acquisition of VMTechnologia or VMTech, a leader in Brazil automated service industry, making our entry into the Latin America market. This acquisition broadened our geographic footprint, diversify our product offering. VMTechs, strong presence in laundry and micro-market segments presents significant growth opportunities, both locally in Brazil and in other parts of the world. A few months into integration, we are seeing a great collaboration and value added between the team in Brazil and our headquarters in Israel. In fact, we've been already implementing VM Tech business model of hardware as a service or rental business model in other regions. We will continue to update on our progress in this region over the coming quarters. Looking ahead, we are increasingly optimistic about MyAccess prospects for the remainder of 2024 and beyond. Our pipeline remains strong and we continue to win new customers, increasing our install base and expanding our revenue. We are committed to improving profitability as demonstrated again in this quarter results. To provide more detail on our Q2 performance and our outlook, I will now turn the call over to our CFO, Sagit Manon, who will dive deeper into the financial results and elaborate on how strategic initiatives are reflected. Sagit, please go ahead.