5N Plus Inc.

Hello, ladies and gentlemen. Thank you for your patience and welcome to the Telephone Conference on the results of the first quarter of 2025 of 5N+. Currently, the participants' lines are in listening mode only. After the presentation, there will be a period of questions and answers. If you have a question, press star and 1 of your telephone keyboard. If you need assistance, please press star 0. Good morning, ladies and gentlemen. Thank you for standing by and welcome to the 5M Plus, Inc. First Quarter 2025 Results Conference Call. At this time, note that all participants are in listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, please press star, then the one on your telephone keypad. And if you require immediate assistance from the operator, please press star zero. Je vais maintenant céder la parole à Richard Perron, chef de la direction financière. And I would like to turn the conference over to your speaker today, Richard Perron, chief financial officer. Please go ahead, sir.

Bonjour à tous et à toutes. Good morning, everyone, and thank you for joining us for our Q1 2025 results conference call and webcast. We will begin with a short presentation, followed by a question period with financial analysts. Joining me this morning is Gervais Jacques, our president and CEO. We issued our financial results yesterday and posted a short presentation on the investors section of our website. I would like to draw your attention to slide two of this presentation. Information in this presentation and remarks made by the speakers today will contain statements about expected future events and financial results that are forward-looking and therefore subject to risk and uncertainties. A detailed description of the risk factors that may affect future results is contained in our management's discussion and analysis of 2024, dated February 25, 2025, available on our website and in our public filings. In the analysis of our quarterly results, you will note that we use and discuss certain non-IFRS measures, which definitions may differ from those used by other companies. For further information, please refer to our management's discussion and analysis. I would now turn the conference over to Gervais.

Good morning. Thank you, Richard, and thank you all for joining us on the call this morning. Yesterday evening, we announced outstanding first quarter results. Strong momentum entering the year resulted in 5 and plus, generating record revenue growth in the first quarter compared to the same period last year. This was coupled with an impressive 77% growth in adjusted EBITDA and continued margin expansion. Both of our segments contributed to our operational and financial performance. In specialty semiconductors, we saw strong sales in the strategic terrestrial renewable energy and space solar power sectors. In our performance materials segment, bismuth-based products were also in high demand. This first quarter performance reflects strong demand and accelerating purchasing by key customers, notably under renewable energy and our bismuth product lines of performance materials. In an environment of ongoing trade volatility, our customers are acting decisively to secure the advanced materials they required from reliable partners, and they trust us. This only reinforces our unique global standing as the partner of choice with the right technical expertise, footprint, and sourcing capabilities to supply critical materials to critical industries. And with our manufacturing platforms, enhanced operational agility and production capacity, our ability to deliver has only gotten stronger. As you know, we have made a series of strategic investments in the last few years in terms of materials recycling, semiconductor compound production, and higher solar cell production. This has positioned us well to meet growing client demand. This work is continuing. After increasing capacity by 35% last year, we continued our work to boost solar cell production at Azure in Heilbronn by an additional 30% this year, with minimal additional investments. This work is advancing as planned and is expected to be completed in fiscal year 2025. Also during the quarter, We entered into an agreement with Allos Semiconductors to complete the development and commercialization of a GaN IP portfolio. This allows us to focus on our core business while benefiting from future growth in the high power electronics market through royalties. More broadly, we continue to actively explore opportunities to further expand our production capacity. we are looking both into internal and external growth options. The objective is to be well positioned to capture more demand and solidify our leadership in our key and high growth end markets. Our target positioning remains unchanged. We are maintaining our focus on higher margin, value-added advanced materials, and on being a critical supplier without being a critical cost to customers. Looking forward, near-term demand is at very high levels in our strategic sectors, and our medium- to long-term outlooks for our end markets across both reportable segments remain intact. With our key competitive advantages and our trusted partner status, We believe that we have the right strategy and positioning to continue navigating these headwinds. We have obviously started the year off very strong, and we remain on target to achieve our annual financial targets. Richard, over to you for a review of our financial results in more detail. Thank you, Gervais, and good morning, everyone.