GasLog Partners LP Common Units representing limited partnership interests

Good morning. My name is Shannon, and I will be your conference operator today. At this time, I would like to welcome everyone to the Gas Log Partners first quarter 2023 results conference call. All lines have been placed on mute to prevent any background noise. As a reminder, this conference call is being recorded. On today's call are Paolo Inoizzi, Chief Executive Officer, and Achilles Tassouas, Chief Financial Officer. Robert Brindberg from Rosen Company will begin your conference.

Good morning or good afternoon, and thank you for joining the GasLog Partners first quarter 2023 earnings conference call. For your convenience, this webcast and presentation are available on the investor relations section of our website, www.gaslogmlp.com, where a replay will also be available. If you are participating via webcast, please note that the slide presentation is user-controlled, and we encourage you to advance through the presentation as you are prompted to. Please now turn to slide two of the presentation. Many of our remarks contain forward-looking statements. For factors that could cause actual results to differ materially from these forward-looking statements, please refer to our first quarter earnings press release. In addition, some of our remarks contain non-GAAP financial measures as defined by the SEC. A reconciliation of these measures is included in the appendix to the presentation. Paolo will begin today's call with a review of the partnership's first quarter highlights and market update, following which Achilles will walk you through the partnership's financials. With that, I will now turn it over to Paolo Anorzi, Chief CEO of Gaslight Partners.

Thank you, Rob, and welcome, everyone, to our first quarter conference call. Please turn to slide three for Gaslight Partners' first quarter highlights. I would like to begin by first providing an update on the partnership merger with Gaslok Ltd. As recently announced, the partnership has entered into a merger agreement with Gaslok Ltd. for a takeover price of $8.65 per common unit. Both the conflict committee and the partnership board have unanimously approved and determined, with the assistance of independent legal and finance evaluation, the transaction to be fair and in the best interest of the partnership, and the holders of common units unaffiliated with Gaslug Ltd. We expect the transaction to close in the third quarter of this year. Before continuing, I'd like to note that the transaction is still pending and we will not be taking any questions at the end of this presentation. In terms of company performance, the partnership fleet keeps delivering good results thanks to the actions taken in the strong market of 2022. Our exposure in the spot market in 2023 is marginal, with nearly 86% of days in fixed-term charters. This has protected short-term profitability from the persistent seasonal downturn witnessed in Quarter 1 since rates peaked in November 2022. The increased prevalence of short trips from the U.S. to Europe has impacted Tommel demand, Relats have disrupted both spot and term markets, and the seasonally high European inventories have reduced Europe's immediate need for LNG. We were pleased to receive the Option Renewal Declaration from Shell on the GasLock Geneva and kept taking advantage of a sustained sell-and-purchase market with the completion of the sell-and-leaseback transaction of the GasLock Sydney with new repurchase obligations attached to its five-year bearable charter. This matches well our disciplined capital allocation strategy and continued work towards our stated deleveraging targets. I will now pass on to Achilles, who will present the financial results of the partnership.