MP Materials Corp. (NYSE:MP) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET

Company Participants

Martin Sheehan - Head:Investor Relations

Jim Litinsky - Founder, Chairman & Chief Executive Officer

Ryan Corbett - Chief Financial Officer

Michael Rosenthal - Founder & Chief Operating Officer

Conference Call Participants

Matt Summerville - D.A. Davidson

David Deckelbaum - Cowen

Corinne Blanchard - Deutsche Bank

Carlos De Alba - Morgan Stanley

George Gianarikas - Canaccord Genuity

Ben Kallo - Baird

Lawson Winder - Bank of America

Abhi Sinha - North Capital Markets

Laurence Alexander - Jefferies

Operator

Good afternoon, ladies and gentlemen. Thank you for attending today's MP Materials Fourth Quarter and Full Year 2022 Financial Results. My name is Tia, and I'll be your moderator for today's call. All lines will be muted during the presentation portion of the call with an opportunity for question-and-answer at the end [Operator Instructions]

I would now like to pass the conference over to your host, Martin Sheehan, Head of Investor Relations with MP Materials. You may proceed.

Martin Sheehan

Thank you, Operator, and good day, everyone. Welcome to the MP Materials’ fourth quarter and full year 2022 earnings conference call. With me today from MP Materials are Jim Litinsky, Founder, Chairman and Chief Executive Officer; Michael Rosenthal, Founder and Chief Operating Officer; and Ryan Corbett, Chief Financial Officer.

As a reminder, today’s discussion will contain forward-looking statements relating to future events and expectations that are subject to various assumptions and caveats. Factors that may cause the company’s actual results to differ materially from these statements are included in today’s presentation, earnings release and in our SEC filings.

In addition, we have included some non-GAAP financial measures in this presentation. Reconciliations to the most directly comparable GAAP financial measures can be found in today’s earnings release and the appendix to today’s slide presentation. Any reference in our discussion today to EBITDA means adjusted EBITDA.

Finally, the earnings release and slide presentation are available on our website.

With that, I will turn the call over to Jim. Jim?

Jim Litinsky

Thanks, Martin, and thank you all for joining us today. Let me start with an overview of today's call. I will begin with the highlights of the year. Ryan will then review our financials and KPIs, Michael will then provide an update on our Stage II optimization and Mountain Pass. I'll return with a brief update on our Stage III magnetics business and some closing comments, and then we'll open it up for Q&A.