5N Plus Inc.

Good morning, ladies and gentlemen. Thank you for standing by. And welcome to the 5M Plus Inc. First Quarter 2026 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, the one on your telephone keypad. And if you require me to assist for the operator, please press star, zero. I will now give the floor to Richard Perron, President. And I would like to turn the conference over to your speaker today, Richard Perron, President. Please go ahead, sir.

Bonjour à tous et à toutes. Good morning, everyone, and thank you for joining us for our Q1 2026 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 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 uncertainty. A detailed description of the risk factors that may affect future results is contained in our Management Discussion Analysis of 2025, dated February 24, 2026, available on our website and in our public findings. In the analysis of our quarterly results, you will know that we use and discuss certain non-IFRS measures, which definitions may differ from those used by other companies. For more information, please refer to our management discussion and analysis. I will now turn the conference call over to Gervais.

Thank you, Richard. Bonjour, good morning, everyone, and thank you for joining us today. Before we begin, I would like to say a few words As you know, I'm transitioning to the role of Executive Chair, so this is my last earnings call as Chief Executive Officer of FileN+. It has been a privilege and an honor to serve as CEO, and I would like to thank our shareholders and the broader investment community for their continued support. I look forward to contributing in my new capacity to the company's strategic direction and long-term development. And I have great confidence in Richard as he steps into the CEO role. Richard has been instrumental in our success, and he is well-positioned to continue executing on our strategy and take 5N Plus to the next level. And now, turning to the quarter, Q1 2026 reflects a powerful start to the year, with strong momentum across our core end markets above expectations. Performance was driven by sustained demand in specialty semiconductors, as well as favorable pricing conditions in performance materials. In specialty semiconductors, demand remains strong across our strategic sectors, with backlog continuing to provide excellent visibility, supported by ongoing strength in terrestrial renewable energy and space solar power. Bookings are now extending even beyond 2028. Segment performance in the quarter was driven by demand in terrestrial renewable energy in large part reflecting our expanded agreement with our strategic U.S.-based customer in this sector. As you will recall, under this agreement, volumes increased by 33% for the year of 2025-2026 and will increase by a further 25% for the subsequent term through 2028. In performance materials, the favorable pricing conditions we benefited from in 2025 persisted longer than anticipated and contributed positively to results, once again reflecting the agility of our global sourcing platform. Across the business, we remain focused on discipline execution, productivity initiatives, and capacity expansion plans. At our Azure facility in Heilbronn, Germany, we initiated work on our latest and previously announced capacity expansion project. This follows the 30% increase in solar cell production capacity achieved in 2025. We have begun our work and are now progressing toward an additional 25% increase, which is expected to come online by the second half of 2026, in line with customer demand. As a reminder, this capacity expansion requires targeted investment because much of the equipment is already in place. Overall, our first quarter performance reflects disciplined strategy execution. We remain focused on the right value-added products in the right-end markets, supported by agile operations and sourcing, as well as strong customer relationships. At the same time, we are fully engaged to mitigate the best we can the pressure resulting from the uncertain economic environment. Before turning the call over, I would also like to mention that our new chief financial officer, Alban Fourni, joined the company just a few days ago. We are very pleased to welcome him to the leadership team and we look forward to introducing him to the investment community ahead of our next call. With that, I will now turn it over to Richard.