Element Fleet Management Corp.

Thank you for standing by. This is the conference operator. Welcome to the Element Fleet Management 4th Quarter and Full Year 2022 Financial and Operating Results Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the prepared remarks, there will be an opportunity for analysts to ask questions. To join or rejoin the question queue, you may press star then 1 on your telephone keypad. Should you need assistance during the conference call, you may signal an operator by pressing star and zero. Element wishes to remind listeners that some of the information in today's call includes forward-looking statements. These statements are based on assumptions that are subject to significant risks and uncertainties, and the company refers you to the cautionary statements and risk factors in its year-end and most recent MD&A, as well as the most recent AIF, for a description of these risks and uncertainties and assumptions. Although management believes that the expectations reflected in the statements are reasonable, it can give no assurance that the expectations reflected in any forward-looking statements will prove to be correct. Element's earnings press release, financial statements, MD&A, supplementary information document, quarterly investor presentation, and today's call include references to non-GAAP measures, which management believes are helpful to present the company, and its operations in ways that are useful to investors. A reconciliation of these non-GAAP measures in IFRS measures can be found in the MD&A. I would now like to turn the call over to Jay Forbes, President and Chief Executive Officer of Element. Please go ahead.

Thank you, Operator, and good morning to all of you joining us on the call to discuss Element's strong fourth quarter and record-full year 22 results. some early successes in 2023 as the organization capitalizes on the momentum of the previous year and our outlook for the remainder of this year, including our growing conviction in the business's ability to deliver the high end of key metrics for full 2023 results guidance. Joining me on the call this morning, as usual, is our Executive Vice President and Chief Financial Officer, Frank Rapperto, and for the first time, our president and future chief executive officer, Laura DeTore Atanasio. Like everyone else at Element, I'm absolutely thrilled to have Laura as the next CEO of this company. The time we spent together this last month only served to bolster my confidence in both Laura's ability to lead the continued execution of Element's organic growth strategy and, as importantly, immerse herself into our unique culture demonstrating acceptance and alignment with the cultural norms that have underpinned Element's business successes of these last five years. So before we go any further, Laura, why don't I give you the floor?

Thank you, Jay, and good morning, everyone. I want to start by expressing how grateful I am to you, Jay, and Frank, and to the board, and to all my Element colleagues for the very warm and genuine welcome that I received upon my arrival. I'm really honored to be a part of the Element team. And while it's only been about three weeks and I'm still early in my learning journey, I'm really impressed with our people and our culture as it really is core to our being able to successfully deliver a consistent superior client experience and to execute on our strategy. The transparency with which we operate I think should really provide our investors with great comfort in their investments Our strategy is clear, and it's really demonstrated strong performance to date. Our strategy has also enabled all that the Element team has accomplished over the last few years under Jay's amazing leadership. We have everything in place, strong business fundamentals, a clear strategy, the right people, a brilliant culture, a scalable operating platform, and a positive landscape of growth opportunity in the markets we serve. Everything is in place for Element to continue to deliver into the future, not to mention the free cash flow profile and return of capital opportunities that continue to be incredibly compelling from where I sit. And so finally, I do look forward to meeting with you, our investors and our analysts, and learning from you. And I look forward to working with the team to deliver on our strategy and to profitably grow our business and return to our shareholders. So thank you, Jay, and back to you.