Altus Group Limited

Thank you for standing by. This is the conference operator. Welcome to the Altus Group fourth quarter and full year 2021 financial results conference call and webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star and zero. I would now like to turn the conference over to Camilla Bartosiewicz. Please go ahead.

Thank you, Gaylene. Good afternoon, everyone, and welcome to ALTA's fourth quarter and year-end results conference call and webcast for the period ended December 31st, 2021. The news release announcing our results was issued after market closed this afternoon, and it's posted on our website along with our annual report, including the MD&A financial statements. Joining us today are CEO Mike Gordon, incoming CEO Jim Hannon, and CFO Angelo Bartolini. We'll start with some prepared remarks, and then we'll move right into the Q&A session. If we miss any questions, please contact me directly by email. So we'll start with Angelo, beginning by covering off our financial performance during the quarter. Actually, we'll start with Mike, then over to Angelo, and then we'll finish with Jim Hannon with an operational update and our strategic priorities for 2022. Before we get started, please be advised that some of our remarks today may contain forward-looking information. Also, please be reminded that Altus uses certain non-GAAP, non-IFRS measures as indicators of financial and operational performance. Forward-looking information and an explanation of these measures are detailed in today's news release and in our annual report. All of the forward-looking information discussed today is qualified by the cautionary statements included in these reports. And with that, I'll now turn the call over to Mike for some opening remarks.

Thank you, Camilla, and thank you for joining us this afternoon. We're running the call a little differently today. I'll start today recapping our key accomplishments from the past year, turn it over to Angelo to add more color on our Q4 results and the business outlook for this year, and then we'll turn it over again to Jim for an operational update and to discuss the key strategic priority he's got the team focused on in 2022. All in, 2021 was a solid year of growth acceleration and strategic progress. We're especially proud of that considering the backdrop of continuing pandemic-related challenges for our industry, the disruption of the summer cybersecurity incident, and quite frankly, managing through change as our new leadership team refocused our long-term strategy and implemented a number of operational changes in support of that. Financially, we delivered robust growth in our key financial metrics with double-digit 11% top-line growth and earnings year-over-year growth. Our consolidated revenues stand at over $625 million. Adjusted EBITDA has now surpassed the $100 million threshold at $110 million, putting us on a path to start growing our margins this year. And we finished 2021 with adjusted EPS at $1.90. The strong financial results set a solid foundation for continued growth in 2022 and beyond and demonstrate our ability to leverage our growth investments and acquisitions to generate strong returns. Operationally, our momentum was undeterred. We delivered on our 2021 plans, and this leaves us exceptionally well positioned for sustained growth and innovation in 2022. Some highlights from the year include accelerating Argus cloud adoption, surpassing our internal expectations, as we finish the year with 42% of Argus Enterprise users contracted on the cloud. Executing on three highly strategic acquisitions that have expanded our capabilities into key adjacencies in debt, data, and analytics, while speeding up our time to market and growing our international footprint. Advancing our operational and digital transformation of property tax, which furthers our strategy to incorporate tax management solutions under our intelligence as a service model. And finally, driving enhanced corporate alignment across all of Altus with revamped go-to-market strategies that have been driving solid sales execution in Altus Analytics and the rest of the business. And Jim will give us more on that in a few minutes. Above all, we delivered incredible value to our customers to our end-to-end actionable intelligence solutions, helping them maximize alpha and reduce beta during market conditions that even tested our industry's top performers. For that reason, Altus as a company continues to enjoy exceptionally strong client loyalty across all of our business lines, and the network effect of our platform has been strengthened. As many of you know, our long-term strategy and our product roadmap is formed around the substantive market opportunity ahead of Altus. We're significantly further along today, owing to the operational achievements from 2021. This could not have been accomplished if not for the incredible talent on our team. Honestly, we have the best of the industry on our team. I'm incredibly proud to have led Altus through this pivotal phase of its growth and look forward to my ongoing involvement as a director on our board. for what I hope will be many years to come. And finally, on a personal note, as a fellow shareholder in the company, I'm excited for the value creation ahead under Jim and Jorge. Together with Angelo, Alex Proban, and our executive team, they have already hit the ground running in 2022. With that, I'll turn it over to Angelo to recap the fourth quarter.