On Holding AG (NYSE:ONON) Q1 2023 Earnings Conference Call May 16, 2023 8:00 AM ET

Company Participants

Jerrit Peter - Investor Relations

Caspar Coppetti - Executive Co-Chairman and Co-Founder

Martin Hoffman - Chief Financial Officer and Co-Chief Executive Officer

Marc Maurer - Co- Chief Executive Officer

Conference Call Participants

Abbie Zvejnieks - Piper Sandler

Aubrey Tianello - BNP Paribas

Jay Sole - UBS

Cristina Fernandez - Telsey Advisory Group

James Duffy - Stifel

Alexandra Straton - Morgan Stanley

Tom Nikic - Wedbush Securities

Jonathan Komp - Robert W. Baird

Sam Poser - Williams Trading

Operator

Ladies and gentlemen, thank you for standing by. Welcome and thank you for joining the On Holding AG Q1 2023 Results Call. Throughout today's recorded presentation, all participants will be in a listen-only mode. The presentation will be followed by a question-and-answer session. [Operator Instructions]

I would now like to turn the conference over to Jerrit Peter. Please go ahead.

Jerrit Peter

Good afternoon. Good morning and thank you for joining On's 2023 first quarter earnings conference call and webcast. With me today on the call are Executive Co-Chairman and Co-Founder, Caspar Coppetti; CFO and Co-CEO, Martin Hoffman and Co-CEO, Marc Maurer.

Before we begin, I would like to remind everyone that today's call will contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements reflect our current expectations and beliefs only and are subject to certain risks and uncertainties that could cause actual results to differ materially.

Please refer to our 20-F filed with the SEC on March 21st for a detailed discussion of such risks and uncertainties. We will further reference certain non-IFRS financial measures, such as adjusted EBITDA and adjusted EBITDA margin. These measures are not intended to be considered in isolation or as a substitute for the financial information presented in accordance with IFRS.

Please refer to today's release for reconciliation to the most comparable IFRS measures. We will begin with Caspar, followed by Martin leading through today's prepared remarks, after which we are looking forward to opening the call for a Q&A session.

With that, I'm very happy to turn over the call to Caspar.

Caspar Coppetti

Thank you and a warm welcome from my side. It's a great pleasure to be here with you to discuss our first quarter performance and recent milestones. On entered 2023 with high ambitions of continuing our growth journey, capturing market share and further increasing profitability.