Transcontinental Inc.

Mesdames et messieurs, merci d'avoir patienté et bienvenue à la conférence téléphonique concernant les résultats du troisième trimestre de l'exercice 2022 de TC Transcontinental. Pendant la conférence, tous les participants seront en mode d'écoute seulement. Une période de questions suivra la présentation et des directives vous seront données à ce moment. Nous désirons vous rappeler que cette conférence est enregistrée aujourd'hui le 7 septembre 2022. Welcome to the TC Transcontinental third quarter of fiscal 2022 results conference call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct the question and answer session and instructions will be provided at that time. As a reminder, this conference is being recorded today, September 7, 2022. And I would like to turn the conference over to Monsieur Yann Lapointe, Director, Investor Relations. I would now like to give the floor to Mr. Yann Lapointe, Director, Relations with Investors. Mr. Lapointe, please go ahead.

Thank you, Sylvie, and good afternoon, everyone. Welcome to our third quarter fiscal 2022 earnings call. Before we begin, please note that the press release, the MD&A, along with complete financial statements and related notes, as well as the slide supporting management's remarks, are all available on our website. at www.tc.tc under the Investor Relations section. A replay of this conference call will also be available on our website shortly after the call. We have with us today our President and Chief Executive Officer, Peter Bruce, and our Chief Financial Officer, Donald LeCavalier. But before I turn the call over to management, I would like to specify that this conference call is intended for the financial community. Media are in listen-only mode and should contact Nathalie Saint-Jacques, Senior Advisor, Corporate Communications, for more information. Please be reminded that some of the financial measures discussed over the course of this conference call are non-IFRS. You can refer to the MD&A for complete definition and reconciliation of these measures to IFRS. In addition, this conference call might also contain forward-looking statements. These statements are based on the current expectation of management and information available as of today, and they involve numerous risks and uncertainties, known and unknown. The risk, uncertainties, and other factors that could influence actual results are described in the fiscal 2021 annual MD&A, in the annual information form, and in the latest quarterly report. With that, I would now like to turn the call over to our President and CEO, Peter Bruce. Thanks, Jeanette.

Good afternoon and thanks for joining our call. First, from a safety perspective, we were pleased to see our 12-month rolling injury rate decrease by 15%. Our team is committed to creating a culture to achieve an injury-free workplace. Second, we have announced today the retirement of Brian Reed after an outstanding career at TC. Brian, I know you're on the line. Isabelle Marcoux On behalf of her family and the board, joins me in thanking you for an exceptional contribution over more than four decades. You're a truly great leader. With Brian's retirement comes the opportunity to grow three talented leaders. Effective October 31st, Nick Cannon, Pat Braley, and Pierre Delenchant will take on expanded printing sector leadership roles, reporting to me, and joining the company's executive management committee. These changes will allow me to work more closely with the print team and support their drive to properly grow our business. Turning to Q3 financial results, we continue to improve. Despite the triple challenges of inflation, supply chain issues, and a tight labor market, we saw an increase in both revenues and profits. I'm proud of the actions taken by the team to improve our financial performance. In our packaging sector, We continue to invest in new equipment and innovation to offer sustainable solutions to our customers. Additional volume as well as our actions to offset cost increases contributed to significant organic growth and profits. Sales were up in all of our businesses except our Latin American activities, which were affected by the Ukrainian conflict's negative impact on the banana industry. In our printing sector, organic growth was again driven mainly by our in-store marketing, book printing, and pre-media activities. While the sector experienced inflationary increases, these were felt most strongly in our distribution business. In our media sector, we had a strong increase in both revenues and profits. This increase was due to the timing of the RP transaction combined with the seasonality of the business. In closing, our financial position remains solid. We have no major debt maturities until 2025. This gives us the flexibility to pursue our disciplined approach to profitable growth. I appreciate the team's work to improve our performance, and I'm confident that we are on the right path for Q4 and are setting the foundation for future success. And now, I'll hand it over to Dan Al.