5/14/2021

speaker
Operator
Conference Operator

Welcome to ONIC's first quarter 2021 conference call and webcast. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question and answer session with pre-qualified analysts. At that time, if you have a question, please press star 1 on your telephone keypad. If at any time during the conference you need to reach an operator, please press star then 0. As a reminder, this conference call is being recorded. I will now turn the conference over to Jill Hominick, Managing Director, Shareholder Relations at Communications at Onyx. Please go ahead.

speaker
Jill Hominick
Managing Director, Shareholder Relations and Communications at Onyx

Thank you. Good morning, everyone, and thanks for joining us. We're broadcasting this call on our website. Hosting the call today are Jerry Schwartz, our founder and CEO of Bobby LeBlanc, ONIX's president and head of ONIX partners, and Chris Govan, our chief financial officer. Earlier this morning, we issued our first quarter 2021 press release, MD&A, and consolidated financial statements, which are available on the shareholder section of our website and have also been filed on CDAR. Our supplemental information package is also available on our website. As a reminder, all references to dollar amounts on this call are in U.S., unless otherwise stated. I must also point everyone to our webcast presentation for our usual disclaimer and cautionary factors relating to any forward-looking statements contained in today's presentation and remarks. With that, I'll now turn the call over to Jerry.

speaker
Jerry Schwartz
Founder and CEO

Thank you, Jill. Hi, everyone, and thanks for joining us today. ONIX delivered strong first quarter results, extending our recent momentum. Investing capital per share, sometimes referred to as net asset value per share, grew for the fourth straight quarter, ending the quarter at US$78.33. Private equity results were good, with both OP4 and OP5 continuing to generate positive returns. ONIX Credit is also seeing progress with its new strategies, which will drive AUM growth. We continue to see meaningful value in ONIX as an investment and great potential in our businesses. Bobby and Chris are going to give you more detail on our performance. As we look at the operating environment, although we know there are still challenges and opportunities to come, we feel renewed confidence that brighter days are ahead. With the economic recovery accelerating in much of the developed world, we continue to see strong value propositions across our portfolios. Over the past year, we've made a number of strategic additions at ONIX, investing in areas to support future growth. We've also invested in areas that we know are critical to our partners and stakeholders, definitely including our shareholders. These include diversity, inclusion, and ESG. We've been a successful investor for over 37 years by being a responsible investor. Today, we're adding more structure and intention behind these various initiatives. As an example, Bobby's going to talk to you about our D&I Leadership Council. How we operate is very defined by our shared values. These include entrepreneurship, intellectual honesty, an ownership mentality, and respect. These are the values that influence everything we do as a team in business, and we look forward to sharing more with you about these values and our progress at our upcoming Investor Day on September 30. With that, now let me turn it over to Bobby for more on the quarter. Bobby?

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-