NFI Group Inc.

Good day, and thank you for standing by. Welcome to the NFI Second Quarter 2022 Financial Results Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. participate simply press star 11 on your telephone please be advised that today's conference is being recorded i would now like to hand the conference over to your speaker today stephen king vice president strategy and investor relations the floor is yours thank you carmen good morning everyone and welcome to nfi nfi group's second quarter 2022 results conference call this is stephen king speaking

I'm pleased to have with me today our returning president and chief executive officer, Paul Subri, Brian Dusnip, president of NFI Parts, and our acting president and CEO during Paul's temporary leave, and Papas Usoni, chief financial officer. Today, we will walk through our quarterly results and provide our outlook for 2022 and beyond. This call is being recorded, and a replay will be made available shortly. We will be using a presentation that can be found in the investor section of our website, and we will be moving the slides via the webcast link, and we will also call out the slide number as we go through the deck for participants on the phone. On this morning's call, Paul will give us a brief update on his return. Brian will walk us through milestones and major activities from the quarter, and then Papasa will discuss our financial results, and Paul will close it with our outlook. Starting with slide two, I would like to remind all participants and others that certain information provided on today's call may be forward-looking and based on assumptions and anticipated results that are subject to uncertainty. Should any one or more of these uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may vary significantly from those expected. Please also note that certain financial measures used on today's call do not have standardized meanings prescribed by international financial reporting standards, and therefore may not be comparable to similar measures presented by other issuers. You are advised to review the risk factors found in NFI's press releases and other public filings on CDAR for more details. We also want to remind listeners that NFI's financial statements are presented in U.S. dollars, the company's functional currency, and all amounts referred to are in U.S. dollars unless otherwise noted. On slide three, we've included some key terms and definitions referred to in this presentation. Of note, zero-emission buses, or ZEBs, consist of battery electric, hydrogen fuel cell electric, and trolley electric buses. Equivalent units, or EUs, is a term we use for both production slots and delivery statistics. The majority of our vehicles represent one equivalent unit, while an articulated 60-foot transit bus takes two production slots and is therefore equal to two equivalent units. On slide four, for those of you new to the NFI story, we are a leading independent global provider of sustainable bus and coach solutions. We are leaders in our core markets, which includes heavy-duty transit, coach and aftermarket in North America, heavy-duty transit and aftermarket in the United Kingdom, and the world leader in double-deck transit buses. Turning to slide five, our purpose and mission is simple. We exist to move people. Very simply, our products transport precious cargo. We are focused on designing, building, and delivering exceptional, safe, and turnkey mobility solutions. We made our sustainability pledge in 2006, and it still holds today. A better product, a better workplace, and a better world. We have implemented numerous ESG advancements. Full details of our various ESG initiatives, including our diversity, equity, and inclusion survey, and our material mapping and exercise were outlined in our fourth annual ESG report, which was released in May 2022 and is available on our website. Slide 6 is critically important as it shows the breadth of our full offering. NFI solutions include vehicles, charging infrastructure, connected buses and coaches, telematics, aftermarket parts and service, and financing solutions. We are truly a partner of choice for bus and coach customers, offering comprehensive and customizable solutions. I'll now pass the call over to Paul.

Thanks, Stephen. Good morning, everyone. I'm on slide seven. It is great to be back after a brief medical leave. The ability to take time away from these past few months to focus on my health has been very important and I'm immensely grateful to Brian Tobin, the board of directors, to Brian Duzdip, my fellow executives, and the entire NFI team for their continued hard work and dedication during my absence. Pleased to report I'm down 21 pounds, not quite at my wife's target yet, but I'm on it, and I've been cleared by my health care team to return full-time with a plan in place to ensure my continued well-being going forward. So my deepest thanks to Brian Dusnip, president of our NFI parts business, for running his business and stepping in my shoes for leadership and guidance as acting president and CEO for my absence. NFI was in great hands with Brian and the rest of the exec team as they navigated through the temporary build-up of work and process inventory and were closing with Papu and others on his finance team and Stephen in completing amendments to our credit agreement. As I have just returned to work yesterday, it's probably more appropriate for Brian now to walk us through the highlights of the course. Over to you, Brian.