Orbia Advance Corp Sab

Good morning and welcome to RBS Second Quarter 2022 Earnings Conference Call. As we turn to slide one, all participants will be in a listen-only mode. Should you need assistance, please find our 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 touch-tone phone. To withdraw your question, please press star then two. Please note that this event is being recorded. I will now turn the conference over to Gerardo Lozoya, Orbea's Ambassador Relations Director. Please go ahead, sir.

Thank you, operator. Good morning and welcome to Orbea's second quarter 2022 earnings conference call. We appreciate your time and participation today. Joining me today are Samir Baradwash, CEO, and Jim Kelly, CFO. Before we continue, a friendly reminder that some of our comments today will contain forward-looking statements based on our current view of our business and actual future results may differ materially. Today's call should be considered in conjunction with cautionary statements contained in our earnings release and in our most recent Bolsa Mexicana de Valores report. The company disclaims any obligation to update or revise any such forward-looking statements. Now, I would like to turn the call over to Sameer. Sameer?

Thank you, Gerardo, and good morning, everyone. First and foremost, I would like to thank our over 23,000 committed employees for the impact they have at work and in the world. They truly live by a purpose to advance life around the world every day for the good of our stakeholders, customers, and the company. Forbes recently named Orbia as one of the world's best employers, reflecting the excellence of our people and organization. Additionally, I want to thank everyone who attended Orbia's Investor Day in May, either in person or online. As a reminder, the full Investor Day presentation is accessible on our investor relations website at Orbia.com. Now turning to slide three, I would like to share a high-level overview of our second quarter 2022 performance. Orbia delivered a sixth consecutive quarter of strong results with significant contributions from each of our business groups despite continued headwinds from inflation notably impacting energy, raw material, labor, and other costs. We benefited this quarter from the integration in our businesses, particularly the strength and fluorinated solutions and data communications. Revenues for the quarter totaled $2.7 billion, up 19% versus the prior year, and EBITDA totaled $609 million, an increase of 9% compared to the prior year. Our EBITDA margin of 22.9% declined by roughly 205 basis points driven by higher input costs. Finally, we generated $134 million of operating cash flow despite increased working capital needs due to higher input costs and higher selling prices. Orbia continued to execute a multi-pronged growth strategy through investments in organic growth, innovation, geographic expansion, and select bolt-on acquisitions. I would like to highlight just a few of the key steps we took during the quarter to execute our growth strategy. Data communications executed expansion projects in North America to fulfill current and future demand in this growing industry. Fluorinated solutions entered into a key joint venture and a licensing agreement in the energy storage industry, strengthening our position in this rapidly growing fluorine application. We continued evaluating investment opportunities to capture growth through providing sustainable solutions that serve customer needs and address the world's toughest challenges. To that end, Orbia Ventures invested in companies in the areas of crop protection, smart agricultural technologies, and green hydrogen. As we execute on our growth strategy, we remain focused on operational and commercial excellence and on being good stewards of capital, especially in this uncertain macroeconomic environment. At this time, I will turn the call over to Jim to go over our financial performance in further detail. Jim?