11/5/2025

speaker
Operator
Conference Operator

Good day, and welcome to the CargoJet Canada Limited conference call. Today's conference is being recorded, and at this time, I would like to turn the conference call over to Mr. David Tomjenevic, Vice President of Investor Relations. Please go ahead.

speaker
David Tomjenevic
Vice President of Investor Relations

Good morning, everyone, and thank you for joining us on this call. With me on the call today are A.J. Vermani, Executive Chairman, Pauline Dillon, Co-Chief Executive Officer, Jamie Porteus, Co-Chief Executive Officer, Aaron McKay, Chief Financial Officer, Sanjeev Maini, VP Finance, Remy Tremblay, General Counsel, and Corporate Secretary. After opening remarks by supporters, we'll open the call for questions. I would like to point out that certain statements made on this call, such as those relating to our forecasted revenues, costs, and strategic plans, are forward-looking within the meaning of applicable securities laws. This call also includes references to non-GAAP measures like adjusted EBITDA, adjusted earnings per share, and return on invested capital. Please refer to our most recent press release and MD&A for important assumptions and cautionary statements relating to forward-looking information and reconciliation non-GAAP measures to GAAP income. I will now turn the call over to AJ.

speaker
A.J. Vermani
Executive Chairman

Good morning, everyone, and thank you for joining us today. In November 2023, we announced the first phase of our leadership transition with my move into the executive chair role and the appointment of Jamie Porteus and Pauline Dillon as co-CEOs. Today, as we move into the next phase of that transition, I want to take a moment to recognize the outstanding contributions of Jamie Porteus and to officially welcome Pauline as CargoJet's next CEO. Both Jamie and Pauline were founding partners of CargoJet 24 years ago. From day one, they have developed and built this company from ground up. They were guided by a shared commitment of reliability, customer service, and excellence in everything we do. Jamie has played an instrumental role in transforming Cargojet from a small Canadian startup into a global air cargo leader. His strategic vision, discipline, and customer-first mindset have been central to our success. On behalf of the board, our employees, and our shareholders, I want to sincerely thank Jamie for his incredible leadership and its 24 years of dedicated service. While Jamie will be stepping back from daily operations to spend more time with his family in the new year, I'm pleased to share that he will be, he will remain available to provide strategic advice, support, and ongoing guidance for this transition and ongoing business. His insight will continue to be a great asset to the organization. And we are thankful to Jamie for continuing on his role as a strategic advisor. As executive chair, I will also remain deeply engaged with the process, mentoring Pauline, working closely with the board and the team to ensure a smooth and deliberate and thoughtful transition. The board is proud to confirm Pauline Dillon as our next CEO effective January 1st, 2026. Pauline has been with CargoJets since day one and over the past two decades, she has worked in virtually every part of the business from network operations, customer relations, marketing, government affairs, chief corporate officer, and co-CEO. As co-CEO, She played a key role in building CargoJet brand, strengthening our customer relationships, driving employee engagement. And over the past two years, she has continued to lead with purpose, driving growth, innovation, and operational excellence. Pauline has grown up with CargoJet system. She embodies our culture, our people, first values, and our customer service obsession. The same ingredients that have made Cargadget successful over 20 years. She has my full confidence. She has the full support of Jamie Porteous. She has the full support of board and she has the full support of her team to lead this organization to the next chapter of our global growth. Thank you very much. And I will turn the call over to Jamie Fortius.

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