Titan America SA Common Shares

Good afternoon, and thank you for joining us. I am Chloe, your conference call operator. Welcome to Titan America's second quarter 2026 conference call. All participants will be in a listen-only mode, and the conference is being recorded. Later, you will have the opportunity to ask questions during the question and answer session. To register to ask a question at any time, please press star 1 on your telephone keypad. I would now like to turn the call over to Michael Bennett, Vice President of Investor Relations.

Thank you, and good afternoon to everyone on the line. Thank you for joining us for Titan America's second quarter 2026 conference call. I am joined by Bill Zarkalis, President and Chief Executive Officer, and Larry Wilt, Chief Financial Officer. Before we begin, I would like to remind you that earlier this afternoon, we released Titan America's second quarter of 2026 results, which are available on our website at ir.titanamerica.com, along with today's accompanying slide presentation. This call is being recorded, and a replay will be made available on our Investor Relations website. During the call, we will present both IFRS and non-IFRS financial measures. The most directly comparable IFRS measures and reconciliations for non-IFRS measures are available in today's press release and accompanying slides. Certain statements on today's call may be deemed to be forward-looking statements. Such statements can be identified by terms such as expect, believe, intend, anticipate, and may, among others, or by the use of the future tense. You should not place undue reliance on forward-looking statements. Actual results may differ maturely from those forward-looking statements, and we do not undertake any obligation to update any forward-looking statements we make today. For more information about factors that may cause actual results to differ maturely from forward-looking statements, please refer to the press release we issued today, as well as the risks and uncertainties described in our SEC filings. I would now like to turn the call over to Bill. Please go ahead.

Thank you, Michael. Good afternoon, and thanks for joining Titan America's second quarter 2026 financial results call. I would like to begin on slide four by highlighting a few key messages. Earlier today, we announced our second quarter 2026 financial results. Titan America delivered a solid performance despite continued headwinds in residential, with second quarter revenue increasing by 9.6% compared to the same period last year and adjusted EBITDA at 1.3% higher. Our Mid-Atlantic region delivered strong year-over-year growth in both revenue and adjusted EBITDA during the second quarter. We capitalized on robust project activity in the region, particularly from private, non-residential and public infrastructure investments to drive significant volume growth compared to the prior year. CHI ReadyMix concrete pricing contributed positively to results. In the second quarter, our Florida segment delivered solid results on robust demand from infrastructure and private non-residential construction markets. Residential construction activity remains subdued With project delays and softer cement demand impacting the region, while pricing across several product lines was relatively softer year over year. Scheduled extended maintenance shutdowns at both our cement and aggregates operations at our Pesuco plant resulted in longer outages than in the prior year, negatively impacting Florida's second quarter results. Also, as foreshadowed in our previous results call, in the second quarter, our Florida business was impacted by substantial delays in our cement imports due to disruptions in overseas ports and shipping. We believe these disruptions were temporary in nature, and we expect the logistics conditions to normalize as we move through the second half of the year. Let's now turn to slide five to update you on Keystone. During the second quarter, we completed the acquisition of the Keystone Cement Company. This acquisition marks an important milestone in the execution of our long-term growth strategy. Since closing, our integration team has been on-site, working closely together with Keystone's experienced and highly knowledgeable colleagues to ensure a smooth and effective integration. The Keystone acquisition expands our geographic reach in the markets of Pennsylvania, Ohio, Delaware, and Maryland. Combined with our existing asset base, Keystone strengthens our vertically integrated footprint in this attractive region, enhancing our ability to serve customers, capture operational and RAM rate synergies, and capitalize on the strong long-term secular growth trends supporting these markets. Looking ahead, we are targeting annual run rate synergies from the Keystone acquisition of at least $30 million by 2029. We believe the targeted synergies will substantially improve the operating margins of the acquired assets. We expect synergy realization to build over the three-year period rather than phase in evenly. with the largest contribution coming in year three as our operational, commercial, and logistics initiatives take full effect. Houston brings together an exceptional team, a strong brand, and a respected reputation built over its century-long history. We are excited about the opportunities ahead and look forward to sharing more about our expectations for this asset. Let's move now to slide six. To briefly discuss data centers, one of the growth levers in our mid-Atlantic markets. Virginia is the world's data center capital, with an estimated 30% share in the global hyperscale market. Titan America is capitalizing on the data center investment growth. and participating in more than 50% of the data centers currently under construction in our serviceable market area. In 2026, Titan America participates in 77 data centers out of 148 currently under construction in Virginia. It is estimated that an additional 250 data centers are currently in the pre-construction phase in this state. Titan America is partnering with leading contractors, operators, and hyperscalers to value engineer solutions and create additional products and services to meet their evolving demands. The investments in data centers act as a multiplier for the demand of construction materials as they usually lead to substantial follow-on investments in power generation, infrastructure, and commercial construction. Turning now to slide 7 to discuss an investment which enhances Titan America's position in the growing market for supplemental cementitious materials. Titan America's subsidiary, Separation Technologies, or ST, entered into an agreement to develop a first-of-its-kind fly ash recycling plant at the Brunner Island Steam Electric Station in Pennsylvania. With this new plant, we are recovering fly ash directly from landfills, which we view as a reliable source of supply for years to come, Solving the challenges associated with the retirement of coal-fired power plants. The newly announced plans will bolt on the separation technologies existing fly ash beneficiation facility, and will have an annual capacity to handle 600,000 tons of landfill material. It is slated to produce and sell approximately 400,000 tons of concrete-grade fly ash per year, Complimenting the product mix of our newly acquired Tristan plant and creating a one-stop shop of fly ash, cement, and aggregates for our customers in Pennsylvania and Ohio. We expect to invest approximately $30 million in this plant, which is already under construction, and if we expect it to be fully operational in the third quarter of next year. ST is a recognized leader in fly ash beneficiation, with over 30 million tons of fly ash sold under the ProAsh brand since 1995. ProAsh is Titan America's high-quality, low-carbon fly ash that allows for better control of concrete mixtures, greater reliability, improved consistency, and superior predictable in-place concrete properties. This initiative represents a compelling opportunity for Titan America as it aligns with our long-term growth strategy. I will now turn it over to Larry, who will provide a breakdown of our second quarter financial results and business segment performance. Larry?