Ameresco, Inc.

Good day, and thank you for standing by. Welcome to the Q4 2022 Amoresco Incorporated Earnings Conference Call. At this time, all participants are in the listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during that session, you'll need to press star 11 on your phone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded, and I would now like to hand the conference over to your speaker today, Ms. Leila Dillon, Senior Vice President of Marketing. Ms. Dillon, please go ahead.

Thank you, Chris, and good afternoon, everyone. We appreciate you joining us for today's call. Joining me here are George Sakolaris, MRSCO's Chairman, President, and Chief Executive Officer. Doran Hull, Executive Vice President and Chief Financial Officer, and Mark Chiplock, Senior 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. Today's earnings materials contain forward-looking statements, including statements regarding our expectations. All forward-looking statements are subject to risks and uncertainties. Please refer to today's earnings materials, the Safe Harbor language on slide two, and our SEC filings for a discussion of the major risk factors that could cause our actual results to differ from those in our forward-looking statements. In addition, we use several non-GAAP measures when presenting our financial results. We have included the reconciliations to these measures in our supplemental financial information. I will now turn the call over to George.

George? Thank you, Lila, and good afternoon, everyone. I am pleased to report on MRSCO's great performance for 2022. We just completed our fifth consecutive year of record revenue and profits. We achieved revenue growth of 50% and adjusted EBITDA growth of 34%. This robust performance reflected how well our advanced technology portfolio and capabilities are aligned with market demand. The Maresco team delivered these impressive full-year results while navigating challenging global issues. The fourth quarter was impacted by pushouts related to scheduling changes in implementation, supply chain issues, and on planned maintenance at two of our RNG facilities. Some of these timing-related issues will likely continue into the first and second quarter of 2023, but we believe that they are short-term and that business will normalize in the second half of the year. Even in light of these push-outs and the very difficult comparisons we will face this year from the unusually large Southern California Arizona contracts, we are very pleased to be guiding to growth in our 2023 adjusted EBITDA. This expected year-over-year growth is a true validation of our diversified clean tax business model. Market activity. and demand conditions remain very healthy with heightened proposal activity. Our customers continue to evaluate the recently enacted Inflation Reduction Act, and they are working to prioritize the type and timing of their projects. The support for a very broad range of technologies provided by the IRA greatly favors comprehensive solution providers such as Maresco. We believe this is a more transformational legislation affecting our industry, providing a long-term runway for advanced clean technology deployments for years to come. 2022 marked a year of major accomplishments in Europe, including our decarbonization award with the City of Bristol in the UK. In addition to being selected for this transformational net zero municipal project, our Greek joint venture was also selected as a contractor for the 100 megawatt building project in northern Greece. Both of these projects not only represent very large contracts for MRSCO, but also some of the largest in their respective geographies, and thus significantly raising our regional profile. In the fourth quarter, we announced the acquisition of a five megawatt wind farm in Ireland. And today, we are excited to announce an agreement to acquire Energos, an Italian-based energy services company. This acquisition further strengthens the Moresco's European footprint by adding local resources, customers, and a new pipeline of work throughout Italy. This also supports our growth strategy for the CNI markets as Energos has a strong portfolio of commercial and industrial customers. They have a history of profitability, and we expect this acquisition to be immediately accretive. Our merger and acquisition strategy is generally to acquire highly regarded companies with great management teams and a strong plan. for organic growth in order to create long-term value for our shareholders while minimizing risk. Now, I would like to talk about renewable natural gas. With over 20 years of vertically integrated experience in self-developing biogas plants, we are one of the leading players in the RNG space. Federal incentives in the transportation market plus A push by large institutions, utilities, universities, and corporate customers should make this a very attractive market for many years to come. We believe we have significant competitive advantages in developing, constructing, and operating these plans and navigating the many authorities, permitting agencies, and equipment suppliers. With 20 biogas plants in our essence in development pipeline, we believe our RNG franchise will continue to be a significant driver in shareholder value. Now, I would like to provide a brief update for the Southern California Arizona project. As we noted, in the third quarter of 2022, Southern California Arizona instructed us to adjust the project schedules into 2023. We are also continuing discussions regarding COVID-19 and weather-related force majeure relief. We anticipate the projects to be in service prior to the summer of 2023. Our relationship with Southern California Arizona continues to be very cooperative. The knowledge and expertise we have gained from these and other large battery storage and microgrid projects help make us one of the go-to companies in the industry. We look forward to announcing additional wins in these areas in the future. Finally, our environmental, social, and governance programs and goals remain a top corporate focus. We were very pleased to be named a silver winner in the Best Place to Work category by the Best in Biz Awards. I am very proud of our company's culture of caring for the communities in which we serve, as well as our employees, customers, and stockholders. I will now turn the call over to Doran to comment on our financial performance and outlook. Doran?