Ameresco, Inc.

Good day, ladies and gentlemen. Thank you for standing by. And welcome to the Amaresto Inc. Second Quarter 2021 Earnings Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. As a reminder, this conference is being recorded. I would now like to send the conference over to your host, Ms. Lela Dillon, Vice President, Marketing and Communications. You may begin. Thank you.

Thank you, Tawanda, and good afternoon, everyone. We appreciate you joining us for today's call. Joining me here are George Sakalaris, Amoresco's Chairman, President, and Chief Executive Officer, Doran Hull, Senior Vice President and Chief Financial Officer, and Mark Chiplock, Vice President and Chief Accounting Officer. Before I turn the call over to George, I would like to make a brief statement regarding forward-looking remarks. This call contains forward-looking information regarding future events and the future financial performance of the company. We caution you that such statements are based on management's current expectations or beliefs. Actual results may differ materially as a result of risks and uncertainties that pertain to our business. We refer you to the company's press release issued this afternoon and to our SEC filings. These documents discuss important factors that could cause actual results to differ materially from those contained in the company's projections or forward-looking statements. We assume no obligation to revise any forward-looking statements made on today's call. In addition, we will be referring to non-GAAP financial measures during this call. These non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles. A gap to non-GAAP reconciliation, as well as an explanation behind the use of non-GAAP financial measures, is available in our press release and in the appendix of the slides, which can be downloaded from our website. I will now turn the call over to George.

George? Thank you, Lila, and good afternoon, everyone. The second quarter marked another excellent quarter for MRSCO with broad strength across all of our business lines, reflecting the benefits of our diversified business model. We achieved 23% growth in revenues. We tripled net income as compared to last year's second quarter. And we grew, adjusted EBITDA by 42%. Our project business achieved another quarter of strong growth, benefiting from our continued focus on project execution as well as the ongoing shift to more comprehensive and complex projects. And while we experienced a softening in our contracted backlog due to pandemic-related timing issues, that Doran will discuss in a few minutes, we are very pleased to report that we have already converted $98 million of awarded backlog to contracted backlog since the end of the quarter. Also, we are seeing the benefits of organizations returning to more of a business as usual environment. As such, our current project activity is at its highest level ever. demonstrating our customers are now very engaged in moving projects forward. This activity paves the way for excellent future growth. In the second quarter, we brought a record 33 megawatts of assets into operation, including the Macau Road RNG facility. Our world-class biogas engineering expertise and long history of successful plant development and operations makes Maresco the go-to partner for RNG opportunities. And our RNG asset momentum is continuing as we anticipate commissioning three RNG plants during 2022 and another four in 2023. While RLG continues to see a significant amount of industry and investor interest, it is just one of the many clean energy technologies that Maresco has significant expertise in executing and operating. This diversified clean technology expertise allows us to win some of the largest and most complex projects in the industry. I was recently awarded Fort Hunter Legate Project highlights this expertise. At the heart of this $21.6 million project will be a secure island mode and autonomous microgrid with the ability to interconnect with existing and additional energy generation and storage system. This project will go a long way towards helping this Army training base reach its ambitious net zero use targets by 2022. As important, it will also greatly increase the base's resiliency, which has become an absolute necessity for the military. In fact, recently enacted Army directives require that the prioritization of providing resilient energy and water supplies for facilities and infrastructure that support critical missions. Similar directives and mandates continue to not only drive significant opportunities across our federal government client base, but also are resonating with other institutional clients and industries which can be crippled by even a temporary loss of power. Elsewhere, across our diversified offering we were very pleased to be recently recognized as the number one energy as a service provider in the GuideHouse Insights Leaderboard Report. We continue to see significant customer interest in this important financially flexible MRS co-offering, especially in the higher education market. As an example of our leadership in this space, We recently signed an energy as a service agreement with Northwestern University where we will provide energy related infrastructure upgrades. We will also provide ongoing software related energy management analysis and related operation and maintenance under a long-term service agreement structure. This agreement marks the beginning of a great long-term partnership with a top educational institution. The agreement will cover both the main Amazon and Chicago campuses, including more than 175 buildings and central plants. The partnership will help Northwestern University address related upgrades and defer maintenance challenges with no upfront capital requirements from their part, while helping it to achieve its goal of reducing greenhouse gas emissions by 30% by 2030. Potential customer interest in the energy as a service financial structure continues to build, and we look forward to announcing additional agreements in the future. I do want to take a minute to share an exciting independent director appointment to our board. Claire Hughes Johnson joined our board on July 21st. Along with her first perspective, She brings more than two decades of experience directing product innovation, successfully scaling business, and go-to-market strategy for a range of technology industry leaders, including both Google and Stripe. Claire will be sure to add tremendous value and additional diversity to our strategic bench of directors. I will now turn the call over to Doran. to provide some comments on our strong financial performance. Doran?