Dexterra Group Inc.

Thank you for standing by. This is the conference operator. Welcome to Dextera Group's first quarter results conference call. 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 Drew Knight, Chief Financial Officer. Please go ahead.

Thank you, Shaw, and good morning. My name is Drew Knight, and I am the Chief Financial Officer of Dextera Group, Inc. With me today on the call are John McCush, CEO and President, Facilities Management, and our Board Chair, Bill McFarland. who will provide some brief introductory comments. The format of this conference call will be the same as our past calls. After a brief presentation, we will take questions with the call ending by 9.15 Eastern time. We will be commenting on our Q1 2022 results with the assumption that you have read the Q1 earnings release and related documents. The slide presentation which supports today's comments is posted on our website and we encourage participants to access the slides and follow along with our presentation. Before we begin, I would like to make some comments about forward-looking information. In yesterday's news release and on slide two of the presentation that we have posted to our website, you will find cautionary notes in that regard. While I won't read the content of the cautionary notes in their entirety, we do claim their protection for any forward-looking information that we might disclose on this conference call today. I will now turn it over to Bill McFarland for his introductory comments.

Thank you, Drew, and welcome. As we look at the Q1 2022 results, we were very pleased with financial performance and outlook for both the WAFs and facilities management businesses, including the performance of our two recent acquisitions, which give us more scale and FM capabilities. We are also hiring senior resources in the facilities management business to add bench strength for future growth and have room for further expansion for accretive facilities management acquisitions given our expected EBITDA to free cash flow conversion rate of over 50% in the room under our credit facility. However, the Q1 results also highlighted some challenges in our modular business. Modular's results were disappointing and John and Drew will speak to our action plan during the presentation. Our goal is to improve modular's profitability gradually over the next few quarters. to be more consistent with our 2021 experience as we proactively manage inflationary pressures. We remain fully committed to the modular business and the synergies it can bring to the rest of our business and to our overall growth agenda, especially in facilities management, which we believe will ultimately result in long-term shareholder value. Now let me pass it over to John for some more detailed comments. Thank you, Bill.