Thunderbird Entertainment Group Inc.

Thank you for joining Thunderbird Entertainment Group's fiscal 2025 first quarter earnings call. Frank Alfano from Bristol Capital will read the forward-looking statement disclaimer.

Thank you for joining us. We are here to provide a corporate update and report on Thunderbird Entertainment Group's Q1 2025 results for the three months ended September 30, 2024. Speaking on today's call are Ms. Jennifer Twyner-McCarran, CEO and Chair of the Thunderbird Board, and Mr. Simon Boddymore, Thunderbird CFO. Ms. Twyner McCarran will provide a strategic overview of Thunderbird Entertainment Group, and Mr. Boddymore will review the company's financial Q1 2025. 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 1-604-683-7000. 3555 extension 2 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 contain forward-looking information for purposes of applicable securities laws. Forward-looking statements and information discussed on this conference call include but are not limited to statements regarding anticipated adjusted EBITDA growth, sustained growth, and a return to historical profitability levels, consumer product licensing opportunities, Murmur Cornhole, Starfall, and Super Team Canada resonating with North American audiences, yielding cost savings, Thunderbird's ability to produce and sell more content and execute on growth strategies, changes in total revenue, future updates from broadcasters, the status and outcome of negotiations between the AMPTP and timing for filming new productions. 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 document 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 today's date, 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. Twiner-McCarran will now provide the corporate update.

Thank you so much, Frank. My name is Jennifer Twiner-McCarran, and I am the CEO and Chair of Thunderbird Entertainment Group. On behalf of the company, I'd like to thank you for joining today's call to discuss Thunderbird's fiscal 2025 Q1 results. Thunderbird CFO Simon Boddymore is with me, and we appreciate you taking the time to hear the company's earnings update. Once Simon and I are finished, we will happily answer any and all of your questions and provide clarity where needed. Q1 creates a nice check-in to share how Thunderbird is tracking following our recently announced year-end results. I am pleased to share that we entered fiscal 2025 on solid footing, maintaining our forecast of returning to top-line growth by the end of the fiscal year. Our continued strong performance underlines that Thunderbird remains a healthy, successful business, even with today's challenging media industry environment. With our great visibility to the future, we are lined up to build significant value for our shareholders with a robust content pipeline, incredibly strong industry relationships, and signs of a stabilizing market environment. For example, we are encouraged that Disney's recent fourth quarter revenues rose 6% to $22.6 billion, and this increase is boosted in part by its streaming and content sales segment. Market stabilization and Thunderbird's position was further demonstrated at MIPCOM in October. MIPCOM is a major trade show for the global entertainment industry held in Cannes, France. This event is often referred to as the mother of all entertainment content markets. While overall attendance was slightly down this year, there were 340 exhibitors, which is up from 320 last year, including 34 country pavilions, 10 of which were brand new. The 3,240 strong buyer contingent was led by US programmers, followed by the UK, France, Germany, and Spain. From a company perspective, our team of four held 132 meetings with the leading content platforms in the world, including Netflix, Disney, Fox, BBC, Apple, Amazon, and saying signs to name a few. We also saw that the oversupply of content in the market is starting to rectify with the number of companies unfortunately announcing that they were ceasing operations or restructuring. Again, while we never like to see other companies fail, The rebalance strengthened Thunderbird's market position, providing more opportunity for the company to ultimately create, produce, and sell more of our content. We also noticed a resurgence in co-production, with many companies looking to partner with reputable studios like Thunderbird, which opens up more opportunities for us in the market. One additional theme coming out of the week-long event came from Lucy Smith, who's director of MIPCOM, and Nick London at RX. She highlighted that while the industry still does have its challenges, the key is to find new ways of working and new opportunities. Simply put, a core element of success in the industry for any company involves its ability to be nimble and adept, and this is the roots of Thunderbird. Audience behaviors don't revert, rather they evolve. Our industry is resilient. The key is to remain open-minded and willing to reinvent. A clear example of reinvention is adapting content to how audiences want to receive it, like fast channels, YouTube, short-form segments, you name it. Several of Thunderbird Productions fit into these buckets. Take Highway Through Hell, for example. It's on Discovery, The Weather Channel, two fast channels, YouTube, and Banagier Rights holds the right to license, distribute, publish, and broadcast all short-form segments. This series, now in pre-production for its 14th season, is also being considered for select consumer products licensing opportunities. It truly has no limits, and the power of a brand, another way just showing content is here to stay and remains a happy escape for everyone. Another big takeaway from MIPCOM is that content licensing is still very much in demand, and there's a greater demand for ready-made series and films than ever before. Identifying and optimizing these opportunities is critical to companies like Thunderbirds as we adapt and evolve our business amid a changing content landscape. Thunderbird distribution and brands is a core part of our growth strategy. For example, our latest third-party IP, Betty Buys, will debut on 2BB's next year and was met with a really positive reaction and strong interest from buyers across Europe and the U.S. Many remarked that the series focused on helping preschoolers with their bedtime routine and truly filled the gap in the market. and any parent dealing with bedtime knows how challenging that can be. Many of you have heard me say it before, and I'll say it again. And again, premium content is king. And as the market ebbs and flows, the demand for the high-quality content that Thunderbird creates remains constant. Thunderbird's strategy of keeping quality at their North Star and monetizing the content underscores the success and milestones they continue to achieve as we are viewed as a go-to resource for great content from so many big buyers for both service and IP. Having the in-house capabilities to go from the initial concept through to screen and to retail is a unique advantage. Another unique advantage is being based in Canada, which allows us to focus on the production of high-quality content while offering more competitive budgets. With the decision to remain public for now, our team is laser-focused on Thunderbird's growth strategies. This includes increasing our visibility through consistently strong results and proactive engagement with the investment community to maximize liquidity and allow others to participate in our great story. Notably in Q1, Thunderbird was recognized by Report on Business magazine, ranking of Canada's top growing, one of Canada's top growing companies in 2024. Thunderbird earned its spot for the second year in a row this year with a three-year growth rate of 105%. Look forward to building on the success in the years to come and the next phase of our company's growth. Before passing things off to Simon, I would be remiss if I didn't mention that negotiations between the Alliance of Motion Picture and Television Producers and the Animation Guild, also known as Local 839, are ongoing. The negotiation process may, this is underscored may, delay production greenlights across the industry, which could potentially impact some of our forecasts and timelines as we look at the timing of upcoming productions. We continue to monitor this closely and hope for an equitable resolution shortly. The company also wishes to inform our shareholders that due to the Canada postal strike, the Q1 fiscal 2025 documents will not be mailed out until the strike is over. The Q1 fiscal 2025 interim financial statements and MD&A are filed electronically and can be viewed on CDAR. With this, I will now pass things on to Simon to go over the numbers.