Bunge Global SA

Good day, and welcome to the Bungie Global SA Third Quarter 2026 Earnings Release and Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist for pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one, on your telephone keypad. To withdraw your question, please press star, then two. Please note, this event is being recorded. and Mark Haden, IR. Please go ahead.

Thank you, Keith, and thank you all for joining us this morning for our third quarter 2026 earnings call. Before we get started, I want to let you know that we have slides to accompany our discussion. These can be found at the Investor Center on our website at bungie.com under events and presentations. Reconciliations of our non-GAAP measures to the most directly comparable GAAP financial measure are posted on our website as well. I'd like to direct you to slide two and remind you that today's presentation includes forward-looking statements that reflect Bungie's current view with respect to future events, financial performance, and industry conditions. These forward-looking statements are subject to various risks and uncertainties. Bungie has provided additional information in its reports on file with the FCC concerning factors that could cause actual results to differ materially from those contained in this presentation, and we encourage you to review these factors. On the call this morning are Greg Heckman, Bungie's Chief Executive Officer, and John Neppl, Chief Financial Officer. I'll now turn the call over to Greg.

Thank you, Mark, and good morning, everyone. I'd like to start by acknowledging the extraordinary work of our teams around the world in what remains a highly dynamic environment. Geopolitical tensions, evolving government policies, and global weather patterns continue to change agricultural flows. and our team navigated it successfully with discipline and focus. They stayed close to our customers, responding quickly to changing conditions and delivered strong third quarter results. I want to spend a moment on what makes that possible. Our competitive advantage in this environment is not simply the scale of our physical network. It's the flexibility that scale gives us as we connect supply with demand, adapting as market conditions change. When farmers need additional routes to market or customers at the other end of the value chain need alternative sources of supply, our expanded network gives us more options while our integrated operating model allows us to act on them quickly. We can redirect crop flows, work around physical constraints, and keep supply connected to demand across regions while taking a level of risk appropriate for the environment. That combination of scale, We also continued to make progress on the opportunities created by our combination with Viterra where our work is increasingly shifting from integration to value creation. We are successfully capturing the cost savings we targeted while embedding the commercial and network opportunities we identified into how we operate, supporting better decisions, improved asset utilization, and more coordinated customer coverage. These improvements are becoming part of how we run the business every day, and we expect their contributions to compound over time. Additionally, our investment cycle is reaching an important inflection point. To expand our capabilities and strengthen the products and services we provide to customers, we made the decision several years ago to invest across a number of large greenfield projects. The first to come online was our Morristown, Indiana soy protein plant. Earlier this month, our joint venture with Chevron commissioned its new multi-seed processing facility in Destrehan, Louisiana. We also started up our barge unloader located at the same complex. That leaves just one major project yet to come online, our multi-oil refinery in Wesson, Netherlands, which we expect to start up in the first quarter of 2027. As these projects ramp up, the regular course commissioning and startup costs will increasingly give way to earnings growth from capital that has already been deployed. We also continue to sharpen our portfolio. reaching an agreement earlier this month to sell two non-core sugar mills in Brazil that became part of Bungie through the Viterra combination. Turning to our operating outlook, based on what we can see today, including our results through the first nine months of the year, current market conditions, and the forward curves, we are maintaining our full year adjusted EPS range of $9.25 to $9.75. While the environment remains difficult to predict, we're confident in our ability to deliver as conditions evolve. With that, I'll turn it over to John for a deeper look at our financial results and outlook.