ECN Capital Corp.

Thank you for standing by. This is the conference operator. Welcome to the ECN Capital third quarter 2023 results conference call. As a reminder, all participants are in listen only mode and the conference is being recorded. After the presentation, there'll 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 then zero. I would now like to turn the meeting over to Mr. John Wimsatt. Please go ahead, Mr. Wimsatt.

Thank you, Eileen. Good afternoon, everyone. First, I want to thank everyone for joining this call. Joining us from ECN today are Stephen Hudson, Chief Executive Officer, Michael Lepore, Chief Financial Officer, Lance Hull, President of Triad Financial, Matt Heidelberg, Chief Operating Officer of Triad Financial. A news release summarizing these results was issued this afternoon, and the financial statements and MD&A for the three-month period ended September 30, 2023, have been filed with CDAR. These documents are available on our website at www.ecncapitalcorp.com. Presentation slides to be referenced during the call are accessible in the webcast, as well as in PDF format under the presentation section of the company's website. Before we begin, I want to remind our listeners that some of the information we are sharing with you today includes forward-looking statements. These statements are based on assumptions that are subject to significant risks and uncertainties. I will refer you to the cautionary statement section of the M&A for a description of such risks, uncertainties, and assumptions. Although management believes that the expectations reflected in these statements are reasonable, we can obviously give no assurance that the expectations of any forward-looking statements will prove to be correct. You should note that The company's earnings release, financial statements, MD&A, and today's call include references to a number of non-IFRS measures, which we believe help to present the company and its operations in ways that are useful to investors. A reconciliation of these non-IFRS measures to IFRS measures can be found in our MD&A. All figures are presented in U.S. dollars unless explicitly noted. With these introductory remarks complete, I'll now turn the call over to Stephen Hudson, Chief Executive Officer.

Thanks, John, and good evening. Turning to side six, a number of bullets here, and I'll speak briefly to most of them. We had our first board meeting today at ECN with Skyline colleagues attending that meeting. It went extremely well. I continue to believe that this joint venture and strategic partnership is the extremely powerful engine that will drive our 2024 growth. The ECN corporate simplification plan is well underway. which is directly reducing our expenses and increasing our partnership between Triad and Skyline. Our new funding arrangements are in place and will continue to drive our 2024 growth and funding. We'll speak to that in a moment. Third, Lance is into his 100-day plan, which you'll speak to in a second. Part of that was a decision to accelerate bulk sales in this quarter after portfolio review and a way to increase return capital for the initiatives within the joint venture. Lance has mentioned well through his 100-day plan. He'll speak to that in a moment. Pleased to announce the new executive leadership at SourceOne, which John will speak to in a moment. Our strategic marine review will conclude with either the sales spin in the first quarter of 2024. We're also announcing this evening the expected sale of Red Oak, which is our RV marine inventory finance platform. I'd like to comment over the last nine months, the management team has done an exceptional job. We've had extensive third-party validation from both equity investors, debt providers, rating agencies, and senior management endorsement from industry leaders joining us. I'm also pleased to reiterate our 24 operating guidance, which will be back-ended, driven by the growth of the joint venture, as well driven by the incremental flow partners we'll speak to in a second. Turning to slide seven, this afternoon, Ton Kelly and Mark Yost from Skyline attended our board meeting chaired by Bill Lovett. Ton, as you can read from the website of Skyline, is a leader in the U.S. mortgage industry. Mark is the CEO of Skyline. Skyline, as you know, has been a partner of Triad for the past two decades. We have begun the implementation of the joint venture. We formally launched both the floor plan of rental and the retail launch will be formally launched at the Louisville Manufactured Host Show in mid-January. You're welcome to join us at that show if your schedule accommodates. Turning to page eight, I would highlight, we repeated the slide from our last quarter with these four platforms of growth. We are adding to the floor plan opportunity a rental opportunity, which is an expansion. I believe that Matt will speak to that in a moment. It's quite exciting. Turning to page nine, our simplification process is underway. We announced this last quarter we're on track. Two things I would highlight in the third box are that RV Marine will be spun or sold in the first quarter of 24. And off our very successful ABS East meetings, we are now in advanced discussions to add multiple new funding partners, both banks and insurance companies, into both platforms. Turning to page 10, this again is a repeat from the last quarter. I'd look at that last bullet in reference to you that the institutional flow of partners are the backbone of our business, but we're now seeing the reemergence and some of our historical partners in credit unions and small banks are now back at the table. Turning to page 11, I mentioned the significant extensive validation of our core business, both the platforms and processes, validated through rigorous due diligence by four credible parties, namely that of Blackstone and Carlyle Funding, Champion Skyline and Equity Investment Fitch, our improved service rating And finally, both Lance and Mike did extensive due diligence before they accepted their leadership positions at Triad and Source One respectfully. We're happy with that support and extremely proud of the validation. Turning to 13, I would highlight for you on Marine RV the leadership edition of Mike Opdahl. John will speak to that in a moment. That's great news. Inventory finance balances continue to perform as promised. We'll speak to rental as part of that. And I'd like to pass this discussion to Lance Hall, who's Mr. 100-day plan. Over to you, Lance.