APi Group Corporation

Good morning, ladies and gentlemen, and welcome to the API Group's fourth quarter 2022 financial results conference call. All participants are now in a listen-only mode until the question and answer session. Please note, this call is being recorded. I will be standing by should you need any assistance. I will now turn the call over to Olivia Walton, Vice President of Investor Relations at API Group. Please go ahead.

Thank you. Thank you. Good morning, everyone, and thank you for joining our fourth quarter 2022 earnings conference call. Joining me on the call today are Russ Becker, our president and CEO, Kevin Crum, our executive vice president and chief financial officer, and Sir Martin Franklin and Jim Lilly, our board co-chairs. Before we begin, I would like to remind you that certain statements in the company's earnings press release announcement and on this call are forward-looking statements, which are based on expectations intentions and projections regarding the company's future performance, anticipated events or trends, and other matters that are not historical facts. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In our press release and filings with the SEC, We detail material risks that may cause our future results to differ from our expectations. Our statements are as of today, February 28th, and we have no obligation to update any forward-looking statement we may make. As a reminder, we have posted a presentation detailing our fourth quarter financial performance on the investor relations page of our website. Our comments today will also include non-GAAP financial measures and other key operating metrics. The reconciliation of and other information regarding these items can be found in our press release and on our presentation. It is now my pleasure to turn the call over to Martin.

Thank you, Olivia, and good morning, everyone. 2022 was another incredible year in the development of API. Following the acquisition of Chubb in January of 2022, we became the world's leading life safety and security services provider. We created a business that is focused on statutorily mandated services that benefits from recurring revenue with 26,000 team members operating in over 20 countries. API has a truly global platform for our customers and is well positioned for continued growth and margin expansion, providing fully integrated, seamless service to multinational corporations on a worldwide basis. 2022 marks a year of record net revenues, record adjusted EBITDA, and record adjusted diluted earnings per share. We are pleased with the execution and leadership across API to build on our already solid foundation for a very bright future. As many of you know, we held an investor event on November 17th to provide a thorough walkthrough of Chubb as well as our continued path of deleveraging swiftly to our targeted range of 2 to 2.5 times net debt adjusted EBITDA, and our continued focus on thoughtful incremental M&A. We believe we are well positioned for continued organic growth and margin expansion, and that we have the appropriate strategy and action plans in place to achieve our target 2020-25 levels with a healthy runway for continued growth beyond 2025. With that, I will hand the call over to Russ. Thank you.