Thunderbird Entertainment Group Inc.

Hello, and thank you for joining Thunderbird Entertainment Group's Q1 2024 earnings pool. Frank Alfano from Bristol Capital will read the forward-looking statement disclaimer.

Thank you everyone for joining us today. We're here to provide a corporate update and report on Thunderbird Entertainment Group's Q1 2024 results for the three months ended September 30, 2023. On today's call are Ms. Jennifer Twyner McCarron, CEO and Chair of the Thunderbird Board, and Ms. Barb Harwood, Thunderbird CFO. Ms. Twyner McCarron will provide a strategic overview of Thunderbird Entertainment Group, and Ms. Harwood will review the company's financial Q1 2024. Following the corporate update and financial review, the call will open for a Q&A session. If you would like to ask a question during this time, simply press star, then the number one on your telephone keypad. Alternatively, if you have any questions, you could call 1-604-683-3555 or email investors at thunderbird.tv and the company will follow up directly after the call. At this time, all lines have been placed on mute to prevent any background noise. I'd like to remind everyone that certain statements made on today's call constitute forward-looking statements or information under applicable securities laws. Forward-looking statements and information discussed on this conference call include, but are not limited to, becoming the next major global studio, volume of post-strike content and new shows arriving on streaming services, content heading to different platforms, providing further details regarding the proposed normal course issuer bid, growth in adjusted EBITDA, strategic initiatives materializing in the future, and being well positioned to remain an industry leader. In addition, statements made today related to financial outlook or future-oriented financial information have been approved by management of Thunderbird. Such financial outlook or future-oriented financial information is provided for the purpose of providing information about management's current expectations and plans relating to the future and may not be appropriate for other purposes. Forward-looking statements are based on estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which are set out in the company's most recent MD&A and other public documents filed under the company's profile on CDAR. Although the company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this presentation, and no assurance can be given that such events will occur in the disclosed timeframes or at all. Except where required by law, the company disclaims any intention or obligation to update or revise any forward-looking statement Whether as a result of new information, future events, or otherwise, this conference call is being webcast live, and the archive will be available on the company's website at www.thunderbird.tv following today's call. Please note that Thunderbird reports in Canadian dollars unless otherwise stated. Ms. Twyner McCarron will now provide the corporate update.

Thank you, Frank. My name is Jennifer McCarron, and I am the CEO and Chair of Thunderbird Entertainment Group. On behalf of our company, I'd like to thank you for joining today's call to discuss the first quarter of 2024. Thunderbird CFO Barb Harwood is with me, and we appreciate you taking the time to hear the company's earnings update. Once Barb and I are finished, we will answer your questions and provide clarity where needed. We are happy to have had several touch points with our shareholders this fall, including our year-end 2023 call in October. and investor webinar we hosted through Bristol Capital in November, and now our Q124 call. These opportunities are important as they allow us to come together and engage in meaningful discussion about how we are strategically growing Thunderbird, while also pursuing ways to maximize shareholder value. During each opportunity, we highlighted our company's current position and our perspective on Thunderbird's bright future. As we move further into 24, we remain dedicated to our ambitious goals for the year. We have clear insight into our deliveries and are poised for solid double digital EBITDA growth in 24. At the same time, we must recognize that it may take time for our business to adequately reflect the positive progress we are making following the headwinds of fiscal 23. As expected, our Q1 was our smallest quarter, and we will continue to ramp up with each fiscal quarter ahead. finishing on a strong result by the end of fiscal year 24. The majority of our shows deliver in the second half of the year, and this combined with our operational streamlining that we have done is leading to great future results. Our company maintains a strong financial standing free of debt with a substantial cash reserve. This positions us exceptionally well to continue providing high-caliber content to our buyers, and Q1 was full of exciting announcements that demonstrated this. For example, in Q1, renowned toy maker Jazwares signed on to be the global master toy licensee for Murmucorno Starfall. This is their original animated series produced by Atomic Cartoons in partnership with Tokidoki, with the licensing program being co-managed by Thunderbird Brands and Tokidoki. In Q1, we also announced a new original Atomic Produce TV special called Rocket Saves the Day. This IP special will debut on PBS Kids in December, and Thunderbird will manage and control its global media rights. In Q1, we also started production of our first owned IP adult animation series. We recently sold this series with Thunderbird handling global distribution, with more details to be announced soon. Additionally, Thunderbird distribution announcements include the adorable animal-centric preschool series, Mittens and Pants, launching in the U.S. on several streaming platforms, and Thunderbird acquiring global media and consumer products rights, including the U.K. Two new series called Boost New, a Sky Kids original commission. Atomic produced shows Coco Melon and My Little Pony are currently streaming number one and two on Netflix. We are proven to deliver premium quality and deliver on the promise of major global brands. And in Q1, NBC Universal International Networks announced that it acquired season two of Reginald the Vampire, introducing this series to new European markets. M6's six-play streaming platform also bought the series. Plus, Reginald the Vampire also made its Canadian broadcast premiere on CTV Sci-Fi. These announcements are a sampling of some of the exciting things happening at Thunderbird. and there are many more on the horizon. I genuinely can't wait to share them all with you when we are allowed to speak about them at the right time. Similarly, I will provide updates on the work being done with our Strategic Advisory Committee and ACF Investment Bank, which is part of the cooperation agreement we entered into VOSS following the proxy contest we had in fiscal 23. On November 10th, we amended and restated the cooperation agreement with VOSS, replacing the existing agreement in its entirety. Under our new agreement, Taylor Henderson, a representative and employee of VOSS, is now nominated for election to our board of directors at the upcoming AGM, which is scheduled for December 14th. The new agreement also includes the appointment of one additional independent director to be mutually agreed upon by the company and VOSS following the AGM. Current directors Linda Michaelson and Mark Trachok will not stand for reelection, and we sincerely thank them both for their valuable contributions. In terms of the work being done by the company's strategic advisory committee during the year-end call, I shared that our current analysis showed that today's macro environment has resulted in a gap between Thunderbird's internal assessment of our company valuation versus the valuation that prospective buyers might be willing to offer. Because of this, we've determined that it was in the best interest of the company and the shareholders to wait until more of Thunderbird's strategic initiatives start materializing to demonstrate the true worth. And our viewpoint on this matter is unchanged. When we officially go to market, which is on track for the first half of 24, we want the company to operate from a position of strength to ensure maximum value. We truly know that Thunderbird is a strong company with incredibly valuable assets. And ACF is recommending that further into 24, when our deliveries are up, combined with our strong forecast for 25 and 26, this is the right timing. As further testament to this belief, the Board has approved the implementation of a normal course issuer bid pursuant to which the company may repurchase its own common shares for cancellation through the facilities of the TSX-V in an amount that does not exceed 10% of its public float, as may be permitted by the TSX-V and applicable securities laws. We will be providing further details on concrete next steps regarding this proposed issuer bid in a press news release that will be distributed on December 1st. Centerbird's journey is exciting and full of great potential. Our team knows how to produce and deliver amazing stories. While the transformations within the industry have tested our agility, we put our heads down and doubled down on the health of the business, creating great content because there's still a major need for content now more than ever. And Disney has made its intentions clear that it will be strategically focusing on premium quality content Moving forward, and has it made it clear that we are one of their number one partners, handling the majority of their major global brands? So has Netflix's Scott Stuber, who recently shared in Variety interview that the streaming giant will now be doubling down on quality. Apple TV has also built a reputation for its quality over quantity approach to content. Thunderbird as a studio is perfectly positioned to deliver on all of this. And in the same way that Apple TV Plus has strategically used premium content as a core differentiator, we have too. Our team's incredible talent and reputation for delivering premium content sets Thunderbird apart. We hear this from all of our partners. We've also embraced a proactive approach and enacted strategic cost savings initiatives, such as reduced travel, entertainment, in cases the elimination of specific roles, to enhance our operational efficiency and better support sustainable growth. We have an unwavering belief in our company and remain committed to making critical business decisions that allow us to guide the future of Thunderbird. With this, I will pass things over to Barb to go over the numbers. I'll then share specific updates from the teams before we move to the Q&A. Over to Barb.