Anaergia Inc.

Thanks for your patience, everyone. The Q1 Aniridia Conference Call and Webcast 2022 will begin in two minutes' time. If you would like to ask a question at the end of the presentation, please press star, followed by the number 1 on your telephone keypad. Thank you. Thank you. Thank you. Thank you. Hello, everyone, and welcome to the Q1 Energia Conference Call and Webcast 2022. My name is Nadia, and I'll be coordinating the call today. If you would like to ask a question at the end of the presentation, please press star, followed by the number one on the telephone keypad. I will now hand over to your host, Darlene Webb, Investor Relations of Energia, to begin. Darlene, please go ahead.

Thank you very much, Nadia, and good morning, everyone. This call will be discussing our earnings for Energia's first quarter of 2022 and is March 31st, 2022. If you're following along with our slides, my comments, as usual, are directed to slides one through three. For our call today, I am joined by Dr. Andrew Banadek, Energia's founder, board chairman, and CEO, Dr. Yaniv Sherson, Energia's chief operating officer, and Mr. Hani Casey, Energy is Chief Financial Officer. Before beginning our formal remarks, we would like to refer listeners to slide two of the presentation, which contains a caution on forward-looking information and a note on the use of non-IFRS measures. Listeners are reminded that today's discussion may contain forward-looking statements that reflect current views with respect to future events. Any such statements are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated in these forward-looking statements. Energia does not undertake to update any forward-looking statements except as may be required by applicable laws. Therefore, listeners are urged to review the full discussion of risk factors in the company's perspectives, which is filed with Canadian securities regulators. And lastly, while this conference call is open to the public, For the sake of brevity, questions will be prioritized for analysts. And with that, I'll turn the call over to Andrew.

I'm on slide four, summarizing the key highlights. The quarter's revenue is showing a very small growth. This should not be disappointing to anyone who saw our MD&A or our release, year-end release about six weeks ago. We did, in fact, predict a slow start to the year, and that's indeed what is happening, but we are still holding onto our estimate for the rest of the year, which means that it should be a very good year for the company. If the revenues is not so disappointing, what is truly disappointing is the collapse of our share price, which we do not understand because we are doing everything we said we would do. Some of the delays that we're seeing are normal in this environment. But nonetheless, all our projects are proceeding. And we're seeing tremendous opportunities, particularly in Europe. We have raised $60 million in a bond deal in early April. This was raised at $1,250. We needed to do this, although we didn't like the share price, because we felt in order to to begin to grow in europe we had to take advantage of this historic opportunity and that's why we did it we are very disappointed for the shareholders that saw their price go down and that includes me of course because i personally invested 5 million in that 60. But such is the way the markets are. And, you know, eventually, having led a public company for a long time in the past under TSX, things go up and down. And I always talk to our meeting and just kept doing what is right for the company and will continue to do so this time as well. We are proceeding. I'll pass to slide number five, which kind of summarizes some of the things we're doing in more detail. On slide five, you will basically see a really important moment for us, which is a price of gas. above 30 usd per mfbtu this is uh likely to remain high hopefully the war the war ukraine will be over but even then the predictions are that this year and next year will continue to that high crisis we we see that as we said before that EU governments in particular, but even the UK government, are all keen and doubling up on the need for having RNG in their country. And together with the incentives that are already there and this high wholesale price, our revenue will increase significantly for all our projects. And this is the reason that we believe we have a historic opportunity that we need to invest in. In the U.S., the prices of the incentives are essentially staying the same for the three. It's down for LCFS, which means that the market price overall is a little bit lower but still in excess of our estimates when we undertook our projects um we uh and and the i need to speak later to this but uh all the incentives in california are moving in the right direction particularly for california-based gas we have as you know we are fortunate to have offices in germany and the uk as well as holland in europe and we see all of those markets as ready to boom in our business as well as payment friends we have also added some capital sales to our backlog but we did not sign any major project new projects simply because we are shifting our way given the current share price, and we will only get moving on projects once the financial support for the project is in place going forward, especially near the share price. With this, I'd like to hand it over to Hani for slides six and seven.