Celestica, Inc.

conference call. At this time, all lines are in this anonymous. Following the presentation, we'll conduct a question and answer session. If at any time during this call you require any assistance, please press star zero for the operator. This call is being recorded on Thursday, January 26, 2023. I would now like to turn the conference over to Greg Pover.

Please go ahead. Good morning, and thank you for joining us on Celestica's fourth quarter 2022 earnings conference call. On the call today are Rob Mayonis, President and Chief Executive Officer, and Mandy Chawla, Chief Financial Officer. As a reminder, during this call, we will make forward-looking statements within the meanings of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Such forward-looking statements are based on management's current expectations, forecasts, and assumptions, which are subject to risk uncertainties, and other factors that could cause actual outcomes and results to differ materially from conclusions, forecasts, or projections expressed in such statements. For identification and discussion of such factors and assumptions, as well as further information concerning forward-looking statements, please refer to yesterday's press release, including the cautionary note regarding forward-looking statements therein, our most recent annual report on Form 20F, and other public filings, which can be accessed at scc.gov and CDAR.com. We assume no obligation to update any forward-looking statement except as required by law. In addition, during this call, we will refer to various non-IFRS financial measures, including ratios based on non-IFRS financial measures consisting of non-IFRS operating margin, adjusted gross margin, adjusted return on invested capital or adjusted ROIC, adjusted free cash flow, gross debt to non-IFRS trailing 12-month adjusted EBITDA leverage ratio, adjusted earnings per share or adjusted EPS, adjusted SG&A expense, lifecycle solutions revenue, and adjusted effective tax rates. Listeners should be cautioned that references to any of the foregoing measures during this call denote non-IFRS financial measures, whether or not specifically designated as such. These non-IFRS financial measures do not have any standardized meanings prescribed by IFRS and may not be comparable to similar measures presented by other public companies that report under IFRS or who report under U.S. GAAP and use non-GAAP financial measures to describe similar operating metrics. We refer you to yesterday's press release and our Q4 2022 earnings presentation, which are available at Seleska.com under the Investor Relations tab for more information about these and certain other non-IFRS financial measures, including a reconciliation of historical non-IFRS financial measures to the most directly comparable IFRS financial measures from our financial statements. Unless otherwise specified, all references to dollars on this call are to U.S. dollars, and per share information is based on diluted shares outstanding. Let me now turn the call over to Rob.

Thank you, Craig, and good morning, everyone, and thank you for joining us on today's call. Slustica had a strong fourth quarter. as we continue to drive solid performance despite continuing challenges presented by the macro environment. Our fourth quarter revenue of $2.04 billion and non-IFRS adjusted EPS of 56 cents were both above the high end of our guidance ranges. In addition, our fourth quarter non-IFRS operating margin and non-IFRS adjusted EPS were the highest in the company's history. 2022 was an extraordinary year for Celestica, where we achieved a number of important milestones. First, we returned to top-line revenue growth on an annual basis for the first time since 2018, following the completion of a multi-year portfolio transformation initiative. Revenue grew 29% overall and 24% organically compared to 2021, as we surpass $7 billion in annual revenue for the first time since 2011. Second, we recorded our highest ever annual non-IFRS operating margin of 4.9%, reflecting our ability to win and deliver on higher value-added programs in alignment with our strategy. And finally, we achieved our highest ever annual non-IFRS adjusted EPS of $1.90, a 46% improvement compared to 2021. Our lifecycle solutions portfolio continues to be the primary driver of our growth in revenue and profitability, reflecting our strategic focus on high-value markets, where we see long-term tailwinds supporting sustainable growth. Our lifecycle solutions portfolio now represents roughly two-thirds of our business, achieving 39% year-over-year revenue growth as both our HPS business and our ATS segment recorded their highest revenues ever in 2022. Our ATS segment recorded 29% annual revenue growth, coming in at approximately $3 billion in revenue in 2022. With our strategic diversification and exposure to markets with strong secular tailwinds, we expect strong growth fundamentals in ATS to continue in 2023. Our CCS segment also demonstrated substantial growth in 2022, recording 29% year-over-year revenue growth and segment margin of 5.1%, the highest ever. Our strong CCS performance continues to be driven in large part by our HBS business, which achieved revenues of $1.83 billion in 2022, representing 59% year-over-year revenue growth. This growth has been supported by strong demand from our service provider customers for our differentiated offerings. We are confident that our strategic initiatives over the past several years focused on diversifying our business and growing our exposure to high-value markets will help us sustain our trajectory of strong financial performance into 2023 and over the long term. Before I offer some additional color on the outlook for each of our markets, I would like to turn the call over to Mandeep, who will provide details on our financial performance in the fourth quarter, as well as our guidance for the first quarter of 2023. Over to you, Mandeep.