PRA Group, Inc. (NASDAQ:PRAA) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET

Company Participants

Najim Mostamand - Vice President of Investor Relations

Kevin Stevenson - President & Chief Executive Officer

Pete Graham - Executive Vice President & Chief Financial Officer

Conference Call Participants

Operator

Good afternoon, and welcome to the PRA Group's Third Quarter 2022 Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note that this event is being recorded.

Now I'd like to turn the conference over to Mr. Najim Mostamand, Vice President of Investor Relations for PRA Group. Please go ahead.

Najim Mostamand

All right. Thank you, operator. Good evening, everyone and thank you for joining us. With me today are Kevin Stevenson, President and Chief Executive Officer; and Pete Graham, Executive Vice President and Chief Financial Officer.

We will make forward-looking statements during the call, which are based on management's current beliefs, projections, assumptions and expectations. We assume no obligation to revise or update these statements. We caution listeners that these forward-looking statements are subject to risks, uncertainties, assumptions and other factors that could cause our actual results to differ materially from our expectations. Please refer to the earnings press release and our SEC filings for a detailed discussion of these factors. The earnings release, the slide presentation that we will use during today's call and our SEC filings can all be found on the Investor Relations section of our website at www.pragroup.com.

Additionally a replay of this call will be available shortly after its conclusion and the replay dial-in information is included in the earnings press release. All comparisons mentioned today will be between Q3 2022 and Q3 2021, unless otherwise noted and our Americas results include Australia.

During our call, we will discuss adjusted EBITDA and debt to adjusted EBITDA for the 12 months ended September 30 2022 and December 31, 2021. Please refer to today's earnings release and the appendix of the slide presentation used during this call for a reconciliation of these non-GAAP financial measures to the most directly comparable US GAAP financial measures.

And with that I'd now like to turn the call over to Kevin Stevenson, our President and Chief Executive Officer.

Kevin Stevenson

Thank you, Najim. And thank you everyone for joining us this evening. It's great to be providing another update on the PRA Group, especially as we move further into the next phase of the consumer credit cycle. Companies of all sizes in virtually every sector are preparing for an economic downturn and we are doing the same.