Ferroglobe PLC (NASDAQ:GSM) Q1 2022 Earnings Conference Call May 11, 2022 8:30 AM ET

Company Participants

Gaurav Mehta - Executive Vice President of Corporate Strategy, Technology, and Investor Relations

Marco Levi - Chief Executive Officer

Beatriz García-Cos Muntañola - Chief Financial Officer

Benoist Ollivier - Chief Operating Officer and Deputy CEO

Conference Call Participants

Martin Englert - Seaport Research

Brian DiRubbio - Baird

Neill Morgan - BlueBay

Operator

Good morning, ladies and gentlemen, and welcome to Ferroglobe's first quarter 2022 earnings call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. As a reminder, this conference call is being recorded.

I would now like to turn the call over to Gaurav Mehta, Ferroglobe's Transformation Director and Executive Vice President of Corporate Strategy, Technology, and Investor Relations. You may begin.

Gaurav Mehta

Good morning, everyone, and thank you for joining Ferroglobe's first quarter 2022 conference call. Joining me today are Marco Levi, our Chief Executive Officer; Beatriz García-Cos, our Chief Financial Officer; and Benoist Ollivier, our Chief Operating Officer and Deputy CEO. Before we get started with some prepared remarks, I'm going to read a brief payment. Please turn to Slide 2 at this time.

Statements made by management during this conference call that are forward-looking are based on current expectations. Risk factors that could cause actual results to differ materially from these forward-looking statements can be found in Ferroglobe's most recent SEC filings and the exhibits to those filings which are available on our web page, www.ferroglobe.com.

In addition, this discussion today includes references to EBITDA, adjusted EBITDA, adjusted gross debt, net debt, and adjusted diluted earnings per share, which are non-IFRS measures. Reconciliations of these non-IFRS measures may be found in our most recent SEC filings.

At this time, I would now like to turn the call over to Marco Levi, our CEO.

Marco Levi

Thank you, Gaurav. Good morning, or good afternoon, everyone. I'm really excited to present our results, which set a new record in terms of our quarterly revenues, adjusted EBITDA, margins, net profit, and earnings per share. Since the formation of Ferroglobe. Our organization has worked very hard over the past few years, and reporting these stellar results is the validation of the earnings potential of this business. And we look forward to building on this positive trajectory.

The improvements in our go-to-market strategy, our quick reaction time to market changes, the focus on continuous improvement, amongst many other things, all contributed to these results, and the new Ferroglobe we are creating. The operating environment around us continues to evolve. Whether it is changes in our customer needs and preferences coming out of the pandemic, or our need to quickly find new suppliers in the wake of the terrible Russia Ukraine war.