TTEC Holdings, Inc.

Good morning, ladies and gentlemen, and welcome to the AMIRA third quarter 2025 earnings conference call. At this time, our lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you need assistance, please press star zero for the operator. This call is being recorded on Friday, November 7, 2025. I would now like to turn the conference over to Dave Besenson. Please go ahead.

Thank you, Joanna, and thank you all for joining us this morning for AMIRA's third quarter 2025 conference call and live webcast. AMIRA's third quarter earnings release was distributed this morning via Newswire, and the financial statements, management's discussion and analysis, and the presentation being referenced on this call are available on our website at AMIRA.com. Joining me for this morning's call are Scott Belfort, AMIRA's president and chief executive officer, Greg Blunden, AMIRA's chief financial officer, and other members of AMIRA's management team. Before we begin, I'd like to advise you that this morning's discussion will include forward-looking information, which is subject to the cautionary statement contained in the supporting slide. Today's discussion and presentation will also include reference to non-GAAP financial measures. You should refer to the Appendix for Reconciliation of Historical Non-GAAP Measures for the closest GAAP financial measure. And now I will turn things over to Scott.

Thank you, Dave, and good morning, everyone. Amira enters these last months of 2025 with solid momentum. Our third quarter marked our fifth consecutive quarter of strong adjusted earnings growth, which has been underpinned by disciplined execution and customer-focused investments and reflects both the strength of our strategy and the quality of our portfolio. With a record $3.6 billion in capital investment this year and a newly extended 7% to 8% rate-based growth profile, and a $20 billion capital plan through 2030, we're confident in our ability to continue to deliver sustainable value for customers and shareholders alike. This morning, we reported third quarter adjusted earnings per share of 88 cents, a nearly 9% increase over the same period in 2024. Year to date, adjusted earnings per share of $2.94 represents a 40% increase over the same period in 2024. The progress this year sets us up well to deliver on our 5% to 7% adjusted earnings for share growth guidance through 2027. In September, our board of directors approved a 1% dividend increase, our 19th consecutive year of annual increases. This continued growth in our dividend reflects our confidence in the strength of our premium asset portfolio and our ability to deliver consistent earnings and cash flow growth. We remain focused on delivering value to all stakeholders, and we're delivering. We're on track to deliver our largest annual capital spend of $3.6 billion in 2025, with more than $2.6 billion already deployed across key projects, including solar and reliability investments at Tampa Electric, energy storage and transmission upgrades in Nova Scotia, and gas infrastructure at People's Gas. And we remain on track to fully execute on our full-year plan. Looking forward, our 2026 to 2030 capital plan adds $20 billion of essential investment across our portfolio, enabling us to continue to deliver the reliable energy our customers expect. Like many across the sector, we see increased demand for core investments in reliability, resilience, modernization, and generation capacity driven by key market conditions, such as accelerating demand growth, changing grid configuration, renewables integration, and of course, electrification. Put simply, there is no shortage of investment opportunity across our portfolio. Our capital plan thoughtfully maintains our 7% to 8% rate-based growth trajectory as we remain focused on pacing our capital investment in a way that best delivers value and manages cost impacts for customers, while also delivering solid and sustainable growth for investors. Affordability for customers is an important consideration that we must balance with the need to invest in our systems to ensure we are able to reliably deliver the energy our customers need. Since our acquisition of Tampa Electric in 2016, Tampa Electric's rate base has grown by more than 8% annually, driven by investments to support the delivery of essential service to our customers. Over the same period, Tampa Electric's bill increases have remained below the national average. Our success in managing customer cost impacts is driven by prudent cost management, smart investments, and a focus on strategic initiatives that deliver value for customers. For example, our solar investments in Florida have saved customers more than $350 million in avoided fuel costs. In Nova Scotia, investments required to meet growth in the province to maintain reliability in the face of increasing severe weather and to support government policies of closing coal plants are also driving rate-based investment and growth. And we're working to find creative solutions to minimize the impact on customer rates. Last year, Nova Scotia Power supported by both federal and provincial governments, we securitized more than $600 million in fuel costs. And the recently filed consensus general rate application proposes an additional $700 million of securitization related to a portion of Nova Scotia Power's thermal generation assets. These steps are helping to minimize near-term customer cost impacts and demonstrate the thoughtful approach we continue to take in managing rates for customers. Florida continues to be a powerful engine of growth, with robust population and economic expansion driving increased demand for electricity and natural gas. In the last five years, Florida has experienced nearly 38% GDP growth, And in 2024, it was the number one state for net migration and experienced the second highest population growth in the country. To support that growth, more than 80% of our capital plan will be deployed here. The influx of new customers has translated into increased demand for both electricity and natural gas across both residential and commercial sectors. At Tampa Electric's capacity needs grow, As a result of economic development, our 2026 to 2030 capital plan includes approximately $1.2 billion of transmission expansion and capacity improvements, averaging approximately $240 million of investment per year. This is in addition to the more than $2 billion of anticipated ongoing spend on solar and complementary energy storage projects, which will result in 2,100 megawatts of solar to be in service by the end of 2028. At Peoples Gas, our investments will be targeted at bringing new customers online as we see continued growth in natural gas demand. In addition, our investments will continue to focus on hardening the system and increasing reliability for customers. As a direct result of the growth we continue to see in Florida, we expect rate-based growth from our local utilities to outpace the average of our consolidated plan, with these investments driving 8% to 9% rate-based growth through 2030. And with the recently approved settlement of People's Gas and last year's Tampa Electric Rate Case, both of which include subsequent year adjustments, we are pleased to have regulatory clarity and support our investment in rate base over the next three years. I'd like to acknowledge that a capital plan of this size is not just numbers on a page. It requires a team of dedicated professionals to execute on. I'm very proud of our teams across all our companies that year after year develop thoughtful plans that take our customers' current and future needs and government regulations and policies into consideration, anticipate what it'll take to execute, and then go out and deliver on these plans safely and efficiently. We made meaningful regulatory process in 2025. The Florida Public Service Corporation Commission approved the People's Gas Settlement with 67 U.S. million dollars of new rates to go into effect in 2026 and subsequent year adjustments of 25 million U.S. dollars and 5 million U.S. dollars in 2027 and 2028, respectively. The settlement agreement also reflects a 15 basis point increase in return on equity, bringing it to 10.3%. This agreement helps to manage regulatory lag in the recovery of investments in important reliability and distribution expansion needs across the state. Earlier this week, the FPSC formalized TAMP Electric's 2026 base rate increase of $88 million U.S., which was approved as part of their 2024 decision. In Nova Scotia, the utility filed a consensus general rate application with the Nova Scotia Energy Board in September. requesting new rates for 2026 and 2027. This consensus GRA reflects agreement reached with all customer representatives following extensive engagement and constructive collaboration with key stakeholders across the province. The hearing has been scheduled for January 2026, and we expect a decision and new rates early next year. The GRA enables critical reliability and infrastructure investments necessary to support the needs of Nova Scotians, which are reflected in our updated capital plan. If approved as filed, the settlement provides Nova Scotia Power with a path to return to earning its approved ROE in 2026 and 2027. Finally, at New Mexico Gas, the sales process is proceeding. The regulatory hearing began earlier this week. and we remain confident in obtaining regulatory approval in early 2026. Before turning the call over to Greg, I wanted to highlight that while we extended our rate-based growth forecast today through 2030, we've maintained our 5% to 7% adjusted earnings per share growth guidance through 2027. We plan to roll forward our EPS guidance on our fourth quarter call in February of 2026. And with that, I'll turn the call over to Greg.