Eneti Inc.

Today's conference is scheduled to begin shortly. Please continue to stand by and thank you for your patience. Thank you. Hello and welcome to the Entity Incorporated Fourth Quarter 2021 Conference Call. I would now like to turn the call over to James Doyle, Head of Corporate Development and IR. Please go ahead, sir.

Thank you for joining us today. Welcome to the Anetti Fourth Quarter 2021 Earnings Conference Call. On the call with me are Emanuele Loro, Chief Executive Officer, Robert Bugbee, President, Cameron Mackey, Chief Operating Officer, Hugh Baker, Chief Financial Officer, David Morant, Managing Director, Sebastian Brook, Chief Operating Officer of CJAX. Earlier today, we issued our fourth quarter earnings press release, which is available on our website, committeeinc.com. The information discussed on this call is based on information as of today, February 23rd, 2022. It may contain forward-looking statements that involve risk and uncertainty. Actual results and events may differ materially from those set forth in such statements. For a discussion of these risks and uncertainties, you should review the forward-looking statement disclosure in the earnings press release issued today. as well as the NETI Inc. SEC filings, which are available at netiinc.com and sec.gov. Call participants are advised that the audio of this conference call is being broadcast live on the Internet and is also being recorded for playback purposes. An archive of the webcast will be made available on the investor relations page of our website for approximately 14 days. We will be giving a short presentation today. The presentation is available at netiinc.com on the investor relations page under reports and presentations. The slides will also be available on the webcast. After the presentation, we will go to Q&A. Now, I'd like to introduce our Chief Executive Officer, Emanuele Loro.

Thank you, James. Good morning and afternoon to everyone. Welcome to this fourth quarter 2021 earnings result call and the first with a fully integrated CJEX. Starting on the commercial side, we have seen the contract backlog on our existing fleet growing substantially. Since November last year, we've added nearly $90 million of additional revenue backlog, bringing the total to 193 million if we include the options. We anticipate this important metric to continue to strengthen through the year and beyond as the market tightens further. On the debt front, we recently announced our new 175 million green multi-currency term loan. This facility reduces our interest costs, welcomes new lenders, and completes the repositioning of the company's balance sheet. As per the operational side, during the fourth quarter, we have executed our option to construct a second international WTIV vessel at the SME for delivery in 2025. This is in addition to the previously announced original order. And more recently, CJEX has opened its operational base in Virginia Beach. This office will provide support to our partner, Dominion Energy, in the construction and the operation of their vessel. Their vessel will be the first Jones Act compliant wind turbine installation vessel. We continue to believe that the U.S. will be a high growth market for offshore wind. and the lack of an additional Jones Act-compliant vessel on order will further tighten an already undersupplied international market for the remainder of the decade. This is our view. The best years remain ahead of us from a supply and demand perspective, and tenders from new regions reaffirm our confidence in the demand for offshore wind through the end of the decade. That said, as far as we're concerned, this year we will install 145 turbines, which will generate over 1,000 megawatts per year of renewable energy and have a lasting contribution to a greener future. We remain excited about the outlook for offshore wind and our role in the transition to a cleaner and more sustainable future. I will now turn the call over to James Doyle, who has recently been promoted as to the role of head of corporate development and IR. He will go through a brief presentation. James, congratulations, and the floor is yours.