Anaergia Inc.

Hello and welcome to today's Q3 Energia conference call and webcast for 2022. My name is Jordan and I'll be coordinating your call today. If you'd like to register an audio question, you may do so by pressing star followed by one on your telephone keypad. I'm now going to hand over to Darlene Webb of Investor Relations to begin. Darlene, please go ahead.

Thank you very much, Operator, and good morning, everyone. On this call, we'll be discussing our earnings for Energia's third quarter of 2022, and it's September 30th. If you're following along with our slides, my comments are directed at slides one through three. For our call today, I'm joined by Dr. Andrew Benedek, Energia's founder, board chairman, and CEO, Dr. Yaniv Sherson, Energia's chief operating officer, Ms. Paula Meisen, Energia's chief financial officer, and Mr. Hany Casey, and a GEA's Chief Development Officer. Before beginning our formal remarks, we would like to refer listeners to slide two of the presentation that 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 risks and uncertainties that can cause actual results to differ materially from those anticipated in these forward-looking statements. ANAGIA does not undertake to update any forward-looking statements, except as may be required by applicable laws. Listeners are urged to review the full discussion of risk factors and the company's perspectives, which is filed with the 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.

Thank you, Darlene. Before I start on slide four, I would be remiss if I didn't say we're very proud to have Paula on this call. She joined us a little over three weeks ago as the new CFO. And as a company, we're very fortunate not to have both Paula and Honey in key roles. Paula has been drinking from the fire hose or the hydrant, I think she likes to say, but she's getting there quickly. And we're very fortunate that Honey will soon be able to focus on the growth trajectory for the company, which is fantastic. becoming bigger and bigger as we see it long term. Looking at slide four, I want to start by just mentioning three particular squares that we're proud of. The first one is a major Asian project, probably the flagship project of Asia. that we will be demonstrating our technologies for all of Asia to see. The plant itself will be showing how they should be handled in Asian cities. The next square talks about decarbonizing shipping. This has been a an issue as people look at that market. And recently Merck, the largest container shipping company, plus a few others decided that what they want to have is green methanol. Well, fortunately, we, together with a partner in Denmark, are able to supply the very first ship with green methanol that Merck will put into the water. And there'll be need for this kind of methanol throughout the world for all the ships. And we're hoping to play a significant role in supplying this methanol. Finally, the third square on top is the top award in renewable natural gas in Europe. that your company received this year and we appreciate very much to be recognized even though we're not a European company, but we have significant European activities as you all know. On the bottom three squares, we just basically focus telling you that we continue to focus on exactly what we said we would do. Our projects in Europe are coming in one by one. So we'll be putting gas into the grid and starting to earn money for these plants this quarter. Furthermore, there has been very significant additional incentives announced in the quarter. The one in Europe is called Repower Europe. It requires an increase of 13 fold in this decade of renewable natural gas going into the grid. And as far as analysts, there's one new analyst covering us from Ross. The backlog and the revenue, sorry, the revenue is up in the quarter. and we're continuing the growth trend that we said we would be doing. We'd like to do it, we were hoping to do it a little faster, but there's still substantial growth, particularly given the new accounting method that we have to do going forward. On slide five, we are showing you the backlog and the backlog actually increased a little bit. We have not added major new projects. So we have some capital projects and some other issues, but overall, we're still moving ahead in our backlog. Now, getting back to Europe, on the right side on slide five, you see the natural gas prices. They have come down a bit, but they're still very high and are forecasted to remain high at least for the next two years. With regards to the Repower Europe that I mentioned, it now is getting translated into each major European country by new decrees and incentives. Italy has done that. And in that incentive, they also include a 40% grant for new plants. And so we will be building many more plants in that country. In the US, the Inflation Reduction Act was passed, which provides 30% grants and other support for renewable energy projects such as ours. And interestingly, We have significant progress in Canada as well with the clean fuel regulation and additional incentives similar to IRA that have been announced that we are expecting to see soon. Also, the volunteer market is also growing in North America, whereby many companies are trying to decarbonize by buying renewable natural gas. At this point, I'll hand it over to Paula for her maiden voyage.