Osisko Gold Royalties Ltd (NYSE:OR) Q4 2022 Earnings Conference Call February 24, 2023 10:00 AM ET

Company Participants

Sandeep Singh - President & CEO

Frederic Ruel - VP, Finance & CFO

Conference Call Participants

Cosmos Chiu - CIBC

John Tumazos - John Tumazos Independent Research

Ralph Profiti - Eight Capital

Operator

Good morning, ladies and gentlemen, and welcome to the Osisko Gold Royalties Q4 2022 Results Conference Call. After the presentation, we will conduct a question-and-answer session. [Operator Instructions] Please note that this call is being recorded today, February 24, 2023 at 10:00 AM Eastern Time. Today on the call, we have Mr. Sandeep Singh, President and Chief Executive Officer; and Mr. Frederic Ruel, Chief Financial Officer and Vice President, Finance.

I would now like to turn the meeting over to our host for today's call, Mr. Sandeep Singh.

[Foreign Language]

Sandeep Singh

Thanks very much, Joel, and thanks to everyone on the line with us this morning. Look forward to walking you through a very exciting quarter and a very exciting year for us. In 2022, as I do, I will be referring to a presentation on our website. If you haven't picked it up already on the main page, just on the left hand side, if you hit Q4 in 2022 results, it will take you to it. And I'll be referring to page numbers as I go along, obviously making some forward-looking statements or urge you to review that disclaimer on Slide 2.

So looking at Slide 3, I’ll (ph) start. As I said, 2022 was a very important -- I'd say frankly pivotal year for us. We made significant strides on a number of fronts, that may have listed on this page. If we start with the simplification, the ongoing simplification of our business, 2022 in particular, the third quarter took a massive leap forward with the deconsolidation of our financials with Osisko Development Corp., the -- just an accounting issue, but it wasn't a meaningful one of kind of combining a company that generates cash flow all day long and one that is advancing its projects and investing in the future of the growth, just didn't leave a recognizable entity. So happy to have that situation behind us.

In terms of the portfolio of assets, our asset base continues to strengthen. We had three consecutive record quarters on most of the things that matter to us from a royalty company perspective and we'll talk about what the outlook looks for -- looks like for us as we move forward. We also reset the balance sheet. And in spring of last year, I think we reset the balance sheets for our next wave of growth and delevered at the right time.