Tecnoglass Inc. Ordinary Shares

Hello, and welcome to the Tecla Glass, Inc. First Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by 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 touchtone phone. To withdraw your question, please press star, then two. Please note, today's event is being recorded. And now I'd like to turn the conference over to Brad Cray, Investor Relations. Please go ahead, sir.

Thank you for joining us for Technoglass' first quarter 2023 conference call. A copy of the slide presentation to accompany this call may be obtained on the Investor section of the Technoglass website. Our speakers for today's call are Chief Executive Officer Jose Manuel Diaz, Chief Operating Officer Chris Diaz, and Chief Financial Officer Santiago Giraldo. I'd like to remind everyone that matters discussed in this call, except for historical information, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth, and future acquisitions. These statements are based on TechnoGlass' current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary in a material nature from those expressed or implied by the statements herein due to changes in economic, business, competitive, and or regulatory factors and other risks and uncertainties affecting the operation of TechnoGlass' business. These risks, uncertainties, and contingencies are indicated from time to time in TechnoGlass' filings with the SEC. The information discussed during the call is presented in light of such risks. Further, investors should keep in mind that Tecnoglass' financial results in any particular period may not be indicative of future results. Tecnoglass is under no obligation to and expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions, or otherwise. I will now turn the call over to Jose Manuel, beginning on slide number four.

Thank you, Brad, and thank you, everyone, for participating on today's call. We are very pleased to start 2023 on solid footing with very strong year-over-year growth and record first quarter results in all our key operating metrics. This includes record revenues, gross profit, adjusted EBITDA, free cash flow, and backlog, amongst several other metrics. Our outsized growth is driven by our structural and sustainable competitive advantages, which allow us to gain market share in different markets. Our multi-year effort to improve our operations through strategic investments in automation and capacity enhancements further boosted our bottom line. These structural improvements to our vertically integrated platform have enhanced our ability to support our ongoing growth while serving a broader market and broader product offering. We are delivering high-quality service and products to our customers with lead times well below industry average. Our investments in our plants have bolstered our ability to meet the higher levels of demand for not only our legacy products, but also for newer products designed for other geographies and segments, such as Multimax and our recently designed garage door products. In both our commercial and single-family residential business, we are still experiencing rapid growth in demand for our products. particularly in the Southeast U.S., where we enjoy the benefit of secular tailwinds. Furthermore, a strong momentum in our single-family residential business, which has a shorter cash cycle, along with our prudent work in capital management, collectively helped drive our 13th consecutive quarter of exceptional cash flow generation. Our ability to generate cash has strengthened our financial flexibility so that we can capture higher levels of demand and reinvest in the business through ongoing operational and capacity enhancements. We are on track to expand our installed production capacity to an output equivalent to roughly 950 million of annual sales by the end of the second quarter of this year. Our track record of delivering strong financial results validates our growth strategy. We are committed to consistent outperformance, operational excellence, and driving value through product innovation by leveraging our vertically integrated platform. As a result, we continue to enjoy a healthy competitive advantage which has contributed to market share gains. Based on our success so far this year and the opportunities we see ahead, we are pleased to increase our full-year revenue and adjusted even that growth outlook. We were very pleased with our entire team's dedication to driving exceptional results and are poised to deliver another year of record performance. We look forward to maintaining our position as a leader in architectural glass as we deliver exceptional above-market growth, profitability, and value to our shareholders. I will now turn the call over to Chris to provide additional details on the record backlog.