PRA Group, Inc. (NASDAQ:PRAA) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET

Company Participants

Lauren Partin - Vice President of Global Financial Planning & Analysis

Kevin Stevenson - President & Chief Executive Officer

Peter Graham - Executive Vice President & Chief Financial Officer

Conference Call Participants

Bob Napoli - William Blair

Mark Hughes - Truist Securities

Robert Dodd - Raymond James

David Scharf - JMP Securities

Operator

Good afternoon, and welcome to the PRA Group conference call. [Operator Instructions] Note, this event is being recorded.

I would now like to turn the conference over to Ms. Lauren Partin, Senior Vice President of Finance and Investor Relations for PRA Group. Please go ahead.

Lauren Partin

Thank you. 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 Investors section of our website at www.pregroup.com. Additionally, a replay of this call will be available shortly after its conclusion, and the replay dial-in information is included in the press release.

All comparisons mentioned today will be between Q2 2022 and Q2 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 June 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 U.S. GAAP financial measures.

Before we begin, I would like to take a minute to welcome the Gen Mosman as our new Vice President of Investor Relations. As we announced via press release last month, he will report to me and lead our Investor Relations program. Najim has a wealth of IR experience and will play a critical role in expanding our investment story to new audiences while deepening our current investor and analyst relationships. We are very excited to have him join our team and meet you all.