Viad Corp

Good afternoon. My name is Emma and I will be your conference operator today. At this time, I would like to welcome everyone to the VOD Corps fourth quarter and full year 2022 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press the star 1. Carry along. You may begin your conference.

Good afternoon, and thank you for joining us for VIAD's 2022 Fourth Quarter and Full Year Earnings Conference Call. We issued our earnings press release after market closed today, along with an earnings presentation, which are both available on our website at viad.com. We will be referencing specific pages from the presentation during the call as we discuss their business performance and outlook. I also want to point out that our earnings press release and presentation contain important disclosures regarding non-GAAP measures that we will be referring to during the call, including adjusted EBITDA and net income or loss before other items. During the call, you will hear from Steve Moster, our President and CEO and President of GES, David Berry, our President of Pursuits, and Ellen Ingersoll, our Chief Financial Officer. Before turning the call over to Steve, I want to remind everyone that certain statements made during the call, which are not historical facts, may constitute forward-looking statements. Information concerning business and other risk factors that could cause actual results to materially differ from those in the forward-looking statements can be found in our annual, quarterly, and other current reports filed with the SEC. And with that, I will turn the call over to Steve.

Good afternoon and thank you for joining us. To start the call, I'd like to thank our team members around the world for their continued dedication and efforts, which are reflected in our fourth quarter and full year results. Starting on page four, I want to provide my highlights on the quarter and our path forward. David, Ellen, and I will expand on these highlights later in the call to give you more clarity on what we're seeing in each business. First, I'm very pleased with our performance in 2022. Pursuit achieved record revenue in the year due to the continued recovery of the adventure travel industry and the steady investments we've made to drive growth through our Refresh, Build, Buy initiatives. GES significantly outperformed our expectations in 2022 as the live event industry came roaring back from pandemic levels. Second, in 2022, VIAW delivered strong results through our strategic focus on scaling Pursuit and improving the profitability of GES, despite several macro external forces. During the year, Pursuit continued its growth trajectory with the additions of a high-quality attraction experience to our Glacier Park collection and a remarkable new hotel in downtown Jasper, as well as made headway on other exciting growth investments, including Flyover Chicago and a new mountain coaster at our Golden Sky Bridge attraction. Also during the year, GES continued to make meaningful progress to improve the profitability of the business through GES exhibitions transformed cost structure, inspires new and existing client wins. And lastly, I'm excited about the path ahead for Viad businesses. I expect growth to continue in 2023 and beyond based on fewer border restrictions on international travel, the acceleration of pursuits, new experiences, and the full recovery of our businesses. And now I'd like to turn the call over to Ellen to discuss our fourth quarter and full year performance in more detail. Ellen? Thanks, Steve.