Orbia Advance Corp Sab

Good morning and welcome to ORBEA's third quarter 2024 earnings conference call and 2024 business update. As we turn to slide one, all participants will be in a 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 this event is being recorded. I would now like to turn the conference over to Diego Echave, Orbia's Vice President of Investor Relations. Please go ahead, sir.

Thank you, operator. Good morning and welcome to Orbia's third quarter 2024 earnings call and 2024 business update. We appreciate your time and participation. Joining me today are Samir Baradouache, 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 Samir.

Thank you, Diego, and good morning, everyone. Today, we will begin by discussing this quarter's results, followed by a 2024 business update, and conclude with Q&A. First, I would like to thank our global employees for their steadfast commitment to building a resilient business that will continue to create value for our shareholders over the long term. Turning to slide three, I will share a high level review of our third quarter 2024 performance. Year over year, revenues of approximately $1.9 billion decreased 4% and EBITDA of $288 million decreased 10% compared to the prior year period. Although we began to see some volume improvements in floor and energy materials and connectivity solutions, due to continued market headwinds, revenues in EBITDA were impacted by lower prices and an unfavorable product mix. Nonetheless, our long-term fundamentals remain robust, and we are taking important steps to adapt the business to the current operating environment, which we will elaborate on during the business update portion of today's call. We continue to focus on optimizing business results through commercial efforts and cost reduction initiatives and to drive cash generation through active working capital and capital expenditure management. I would also like to highlight the recent opening of a new building and infrastructure manufacturing site in Indonesia. The project was well executed and advances building and infrastructure's strategic objective to expand its geographic presence in high growth areas of the world. I will now turn the call over to Jim to go over our financial performance in further detail.