Harley-Davidson, Inc.

Thank you for standing by and welcome to the 2021 Third Quarter Investor and Analyst Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, please press star 0. I would now like to hand the conference over to your speaker today. Mr. Sean Collins, thank you. Please go ahead, sir.

Thank you. Good morning, everyone. This is Sean Collins, the new Director of Investor Relations at Harley-Davidson. You can access the slides supporting today's call on the Internet at investor.harleydavidson.com. Our comments will include forward-looking statements that are subject to risks, that could cause actual results to be materially different. Those risks include, among others, matters we have noted in our latest earnings release and filings with the SEC. Harley-Davidson disclaims any obligation to update information in this call. Joining me this morning are CEO Jochen Zeitz and CFO Gina Getter. In addition, Chief Commercial Officer Adele O'Sullivan will join for the Q&A. With that, Jochen, why don't we get started?

Thanks, Sean, and welcome to the team. I also want to thank Shannon Burns for his great work in investor relations over the past three years as he moves to a new finance role as part of our LiveWire division. Good morning, everyone, and thank you for joining us today. We delivered a solid quarter and are pleased with our year-to-date performance, where we've seen many proof points that our Hardwire strategic initiatives are setting up a solid foundation for future growth at Harley-Davidson. As part of the Hotwire strategy, we renewed our focus on profitably driving our core business. In 2021, we've been encouraged by the recovery of the touring market. Brand American Touring sits at the core of our mission and our brand. We are committed to defending and expanding our share in this segment and see potential for future growth. By selectively targeting high potential categories such as Adventure Touring with Pan America, and sport with Sportstairs, we are also maintaining our focus on long-term profitability and potential aligned to our brand and product capabilities. The increased demand that we have seen across both our core and expanding categories underscores the momentum behind the Harley-Davidson brand and all it stands for in the pursuit of freedom and adventure. We've also seen interest increasing across new riders, with a marked increase in the participation in the Harley-Davidson Riding Academy. Through September, we've seen Riding Academy participation and completion increase 20% over 2019. In addition to our strategic changes as part of our streamlined market strategy, macro headwinds, including a variety of challenges from supply chain shortages to congestion at ports and increased shipping times, have been impacting our production and our other suppliers in Q3, in particular in our international markets. While the supply chain challenges are likely to continue in 2022, our team remains committed to managing the effects of the disruption, leveraging the scale of our global network and infrastructure to mitigate the impact on our business. That said, I'm very excited by the global potential of Harley-Davidson brand in the coming years. And as we focus on more profitable motorcycle units as part of our strategy, we continue our journey towards a more efficient use of inventory. While we are below our intended inventory strategy, we've seen our dealer community adapt, improve their profitability, and therefore improve the overall health of our dealer network. I now hand over to Gina to provide more details on our financial performance for the quarter and year today. Gina?