Anaergia Inc.

Hello everyone and thank you for joining us for today's Energia Q4 2024 and year-end conference call and webcast. My name is Drew and I'll be the operator on today's call. After today's prepared remarks, we will have a Q&A session. If you would like to ask a question, please press star followed by one on your telephone keypad. And if you wish to withdraw your question, then it's star followed by two. It's now my pleasure to hand over to Darlene Webb, Investor Relations for Energia. Please go ahead when you're ready.

Thank you very much, operator, and good morning, everyone. On this call, we'll be discussing our earnings for Energia's fourth quarter 2024, which ended December 31st, 2024. If you're following along with our slides, my comments are directed to slides one through three. And on slide two, you'll see that for our call today, I am joined by Mr. Asaf An, Energia's chief executive officer, Mr. Greg Wolf, Energia's chief financial officer, and Dr. Yaniv Sherson, Energy's Chief Operating Officer. Before beginning our formal remarks, we would like to refer listeners to slide three 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 risks 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. Listeners are urged to review the full discussion of risk factors in the company's prospectus, which is filed with Canadian securities regulators. And with that, I'll turn the call over to Asaf.

Thank you, Darlene, and good morning, everyone. We are currently on slide four. I'm pleased to be here today to reflect on the pivotal year for Energia and share how we are positioning the company for long-term success. When I stepped into this role, Energia was at the turning point. We faced significant challenges, but also significant opportunities. Over the past year, we took bold, decisive steps to stabilize our financial position, refine our strategy, and rebuild trust with our investors. Today, I can confidently say, Energia is stronger, more focused, and better positioned than ever. 2024 was about deliberate action. not just small improvement, but foundational changes to ensure our long-term success. And as we close the year, I want to highlight some of the most meaningful progresses we have made. The successful $41 million strategic investment for money investment marked a turning point for Energia, significantly improving our balance sheet and providing the capital need to execute on our strategy. With this investment came a new controlling shareholder, Mr. Adelstein, a new management team, a refreshed board, and a new chairman, reinforcing governance and positioning us for potential substantial growth. As we took steps to enhance transparency and better align with investors by converting energy and multiple body shares into single class common share structure, these changes ensured that we are not only financially stronger, but also more accountable and shareholder-focused. Moving to slide five. With the structural changes in place, we launched Energia 2.0, a strategy focused on financial discipline, operational excellence, and sustainable growth, more than just a shift in direction. Energia 2.0 is about focus, doubling down on what we do best and executing with purpose. We prioritize capital sales, building on our successful core business, leveraging our proven expertise to drive revenue with lower capital intensity while focusing on profitable projects. This shift is already gaining traction. supported by a strong pipeline of well-funded strategic customers who recognize the value of our organic waste-to-energy solutions. At the same time, we reduce debt and improve financial flexibility, ensuring that we can pursue growth while maintaining a disciplined approach to investments. Strategic partnerships has played a key role in this effort, allowing us to share project risk strengthen execution capacity, and broaden our market reach through our collaboration with trusted regional players. We also worked to make our operation more efficient, right-sizing and streamlining the business and SG&A to allow with our capital light model and reducing headcount by 35%. These efficiencies have contributed to improved profitability and greater financial resilience. As well, our geographic expansion has been another important pillar of the strategy. We extended our presence into high-potential markets, including Latin America, Central and Eastern Europe, Africa, Japan, and North America. Regions where regulatory incentives, sustainability mandates, and the demand for R&G are driving adoption. We are positioning Energia to be a preferred solution provider in these rapidly evolving markets. Together, these actions have transformed our ability to compete, win, and grow. We now turn to slide six. The removal of our growing concern note marked a critical inflation point. This milestone reopened opportunities that were previously frozen and restored our ability to secure bonding capacity for new contracts. Most importantly, it allowed us to pursue sustainable backlog growth of previously delayed projects, enabling us to capitalize on long-term revenue opportunities that had been on hold. This backlog provides clear visibility into future growth and reinforce our strong financial trajectory. We are now on slide number seven. Our commercial momentum began accelerating in Q4, driven by a major contract that validate our strategy and reinforce our role as a global leader in organic waste to energy solutions. These contracts are not just about revenue. They reinforce credibility, expand our market reach, and support our long-term growth plans. Among most significant EQ4 wins are PepsiCo Colombia, a flagship organic waste-to-energy project for a global food and beverage leader. Monterey One Water in the US, a significant O&M expansion in California that we expect will generate more than $3 million annually. And already in early 2025, we are seeing further traction. QGM Italy, Two biometric production facilities under EPC contracts that we announced yesterday valued over $46 million. The city of Ferma, Italy, a newly announced anaerobic digestion project for a holistic client. Reinforcing our growing presence in Italy public sector, valued at over $9 million. University of California, Davis Conference. a new project to upgrade on-campus anaerobic digester facilities, supporting one North American leading institutes in its sustainability goals, a contract value at approximately $7 million. PECBAL, Italy, a multi-plant binding agreement to develop five biomethane facilities. JGC Holding Japan, a major step into the Japanese RNG market. These projects are more than just revenue. They represent the trust of global partners, validation of Energia's capabilities, and the strong indicators of the momentum that we are building. Moving on to slide eight. The renewed confidence in Energia is evident, not just from our partners, but also from leadership and investors. Inside purchase from our largest shareholders, Mani Investments, and Dr. Andrew Benedict, as well as two board members, and our CFO demonstrate clear alliance and conviction in the company's trajectory. We have also taken steps to re-engage institutional investors and build analyst coverage, helping to ensure that the market better understands Energia's long-term potential. and the financial markets took notice. And India stock delivered a remarkable 260% return in 2024, making it the best-performing Canadian cleantech stock of the year, as recognized by the financial press. We are now on slide number nine. While we are proud of these accomplishments, we recognize that 2024 was a transition year, a year of rebuilding, repositioning, realigning Energia for the future. We have stabilized our financial position, improved operation efficiency, and laid the foundation for long-term profitable growth. But most importantly, we have momentum. Our capital sales building business is gaining traction. Our operating model is sharper, and we are a willing business with well-funded strategic partners. This momentum, combined with the renewed confidence of our investors, positioning Energia to accelerate growth in 2025 and well beyond. I also want to take a moment to thank the entire Energia team, from our engineers and project managers to our corporate operational staff, who have worked tirelessly to deliver results. We are a team of doers, and that mindset had made all the difference in this past year. We are committed to execute an AGI 2.0, delivering profitable projects, expanding into key markets, and creating long-term value for our shareholders. I look forward to keeping you updated. With that, I will turn the call over to Greg to go over the financial results. Greg?