Membership Collective Group Inc. (MCG) Q4 2022 Earnings Conference Call March 9, 2023 9:00 AM ET

Company Participants

Nick Jones - Founder and Director

Andrew Carnie - Chief Executive Officer

Thomas Allen - Chief Financial Officer

Conference Call Participants

Steven Zaccone - Citi

Stephen Grambling - Morgan Stanley

George Kelly - Roth Capital

Shaun Kelley - Bank of America

Ali Naqvi - HSBC

Operator

Thank you for standing by. At this time, I would like to welcome everyone to the Membership Collective Group Inc. Fourth Quarter 2022 Results Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and answer-session. [Operator Instructions] Thank you.

Thomas Allen, Chief Financial Officer, you may begin your conference.

Thomas Allen

Thank you for joining us today to discuss the Membership Collective Group's fourth quarter and full year 2022 financial results. My name is Thomas Allen and I’m the Chief Financial Officer. I'm here this morning with Andrew Carnie, our CEO.

Today's discussion contains forward-looking statements that represent our beliefs or expectations about future events. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Some of the factors that may cause such differences are described in our SEC filings. Any forward-looking statements represent our views only as of today and we assume no obligation to update any forward-looking statements if our views change.

By now you should have access to our Q4 and full year 2022 earnings release which can be found at membershipcollectivegroup.com in the News & Events section. Additionally, we have posted our Q4 and full year 2022 earnings presentation, which can also be found in the News & Events section on our site.

During the call, we also refer to certain non-GAAP financial measures. These non-GAAP measures should be considered in addition to, and not as a substitute for, or in isolation from, our GAAP results. Reconciliations to the most comparable GAAP measures are available in today's earnings press release.

Now, let me hand it over to Andrew.

Andrew Carnie

Thanks Thomas, and good morning, everyone. I'm going to start by talking through the Q4 and the full year 2022 highlights, then give you an update on progress we've made against our two strategic priorities. I'll then hand over to Thomas to talk through the financial performance and to outline our guidance for 2023 and will end with Q&A.