Secure Waste Infrastructure Corp.

Good morning, ladies and gentlemen, and welcome to the Secure Energy Q4 2021 Results Conference Call. At this time, all lines are in the listen-only mode, but following the presentations, we will conduct a question-and-answer session. And in fact, any time during the call you require immediate assistance, please press star zero for the operator. Also note that the call is being recorded on March 3, 2022. And I would like to turn the conference over to Anil Agrawal. VP Treasury and Investor Relations. Please go ahead, sir.

Thank you, Sylvie. Welcome to Secure Energy's conference call for the fourth quarter of 2021. Joining me on the call today is Rene Amaral, our President and Chief Executive Officer, Alan Grash, our Chief Operating Officer, and Chad Nagus, our Chief Financial Officer. During the call today, we will make four booking statements related to future performance, and we will refer to certain financial measures that do not have any standardized meaning prescribed by the FAFSA. and may not be comparable to similar financial measures disclosed by other companies. The forward-looking statements reflect the current views of Secure with respect to future events and are based on certain key expectations and assumptions considered reasonable by Secure. Since forward-looking information address future events and conditions by their very nature, they involve inherent assumptions, risks, and uncertainties, and actual results could differ materially from those anticipated due to numerous factors and risks. Please refer to our continuous disclosure documents available on CR as they identify risk factors applicable to secure, factors which may cause actual results to differ materially from any forward-looking statements, and identify and define our non-GAAP measures. I will now turn the call over to Randy for his opening remarks.

Thank you, Neil, and good morning, everyone. I hope everyone on this call and their families are healthy. It's great to see the restrictions being lifted here in Alberta and other places in Canada. It looks like we're on our path to a new normal and learning to live with this virus. We at Secure continue to be proactive in our approach as the health and well-being of our workforce and our communities remain the company's priority. Before I start, I'd like to acknowledge what is happening in Europe. Obviously, it's a terrible situation. Our thoughts go to all the people of Ukraine suffering through this unnecessary conflict. On behalf of Team Secure, we are praying and hoping for a speedy and peaceful resolution. This morning, we will review our financial and operational results for Q4, followed by our outlook for 2022. The fourth quarter was another strong one for Secure, and our results in 21 demonstrated the efficiencies, resiliency that our increased size and scope has achieved. The business continues to generate significant EBITDA and discretionary free cash flow. which we are using to improve our financial position and enhancing our ability to deliver strong returns to our shareholders. Our Q4 results reflect strong performance in both our midstream infrastructure and environmental and fluid management business. Our discipline focused on executing on operational excellence, managing costs, and achieving business efficiencies helped drive a 208% year-on-year increase in Q4, adjusted to 111 million. We're extremely pleased with the results and progress of the integration with Terbita, which is proceeding on track with our plan. In Q4, we achieved $11 million in cost savings. That was over and above the Q3 savings of $7 million for a combined $18 million and $40 million on an annual run rate basis for realized savings of 53% of the original $75 million target after just six months since the closing of the merger. Including savings on our bond refinancings, we have achieved $49 million of run rate free cash flow savings by the end of 2021. As we've always done, we take our commitment to ESG seriously. To complement our long-term environmental targets of net zero by 2050 and a reduction in half our GHG intensity by 2030, we have set short-term targets to reduce water usage by 5% a year and greenhouse gas intensity by 50% by 2024. We're encouraged by continued strong momentum throughout our operations with increased free cash flow generation capabilities and a strengthened balance sheet. We're well positioned to meet our debt reduction targets and at the same time able to capitalize on growth to our existing facilities and the continued positive trends of our industry. Chad will now walk us through the key highlights of our Q4 results. Then Alan will review our integration plan update and operational highlights. And finally, I will move into our outlook for the year.