4/20/2023

speaker
Operator
Conference Call Operator

Good day and thank you for standing by. Welcome to the Now Vertical Group's 2022 fourth quarter and year-end conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you will need to press star 1-1 on your telephone. You will hear an automated message advising you that your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Glenn Nelson. Please go ahead, sir.

speaker
Glenn Nelson
Vice President, Investor Relations

Oh, thank you very much, and good morning, and welcome everyone to now Vertical Group's earnings call for our fourth quarter and full fiscal year 2022. My name is Glenn Nelson. I'm the Vice President of Investor Relations, and with me on the call today, we have Darren Trousdale, Chairman and Chief Executive Officer, Sasha Grudzic, our President, and Alim Varani, our Chief Financial Officer. After the market close yesterday we issued our Q4 employer results press release and supplemental slides to accompany this call all of which can be accessed on our investor relations section on our website at ir.nowvertical.com for those of you that have registered to participate to ask questions today you can follow along with the slides on our website at ir.nowvertical.com and that's on the news and events page and within short order Really on or before April 30th of this year, we will file our MD&A financial statements both on our website and it will be filed on CDAR. Just to let you all know, this call is being live broadcast. It's 9 a.m. today on April 20th, 2023, and a replay will be available following the call. During the call today, we'll make some statements related to our business that may be considered forward-looking under federal securities laws. These statements reflect our views as of today and should not be regarded as representative of our views at any subsequent date. These statements may be subject to various risks and uncertainties and may differ material from expectations. Today, many of the figures we'll discuss are on a non-IFRS basis or otherwise noted, and also we will refer to specific nine non-IFRS financial measures. The reconciliation of those IFRS measures and non-IFRS measures are included in our press release. And finally, at times in our prepared marks or responses to your questions, we may discuss the incremental metrics to our usual presentation, to provide better insights into the dynamics of our business or our quarterly results please be advised that we may or may not continue to provide this um in the future so with that i'd like to turn the call over to darren thank you glenn and good morning everyone uh thank you thanks to everyone for being here um you know now vertical has come an exceptionally long way from a year ago

speaker
Darren Trousdale
Chairman and Chief Executive Officer

from Q4 2021, and we're really proud of the results we released last night. More importantly, the momentum we have going into 23 for this fiscal year. Our customers are facing a real urgency in their businesses, in their industries, in their economies to integrate data from multiple environments into a single intelligent operating model. And that's now a requirement from compliance and the needs of their customers. We've built our model to allow high-grade opportunities and effectively allocate our capital into a fragmented market in the big data AI space, and we've been executing upon that. Just a reminder that now Vertical is just a little over two years old, and in that timeframe, we've accomplished a lot. We've ramped our operations to build significant scale and position now to compete with some of the biggest and most well-known brands in our industry. And as that industry evolves to be much more AI-focused, we're well-positioned. We have built a business from 12 formative acquisitions that generate approximately $60 million in trailing 12-month performer revenue. We've done this with a single strong and dedicated leadership team that has internally sourced, pursued, and closed 12 acquisitions. now is becoming a powerhouse in delivery with 500-plus employees across the globe that can resource and deliver solutions to some of the world's most difficult problems across vibrant and growing industries. And I think the proof is in the results. Today, we have more than 250 customers on five continents, where now is delivering some of the most advanced and industry-specific AI solutions in the market. We are helping our key customers become vertically intelligent, which is what our core mission is. I will speak a little bit more to the real opportunity in front of us a little bit later, but I'm happy to report we are meeting our milestones, and I'm very proud of the team's focus on achieving break-even adjusted EBITDA in the quarter, which for us is a very large step towards validating the now model and setting up 2023 and our upcoming Q1 the way we've envisioned. With that, I'd like to pass the call over to Sasha Grudzicic, our president, to walk through the operations and explain a little more on how we're going to market. Sasha?

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