Algoma Steel Group Inc. (NASDAQ:ASTL) Q3 2023 Earnings Conference Call February 14, 2023 11:00 AM ET

Company Participants

Mike Moraca - Treasurer and Investor Relations Officer

Michael Garcia - Chief Executive Officer

Rajat Marwah - Chief Financial Officer

Conference Call Participants

David Ocampo - Cormark Securities

Ian Gillies - Stifel

David Gagliano - BMO Capital Markets

Anoop Prihar - Eight Capital

Ahmad Shaath - Beacon Securities

Operator

Hello and welcome to today’s Conference Call to discuss Algoma Steel’s Fiscal Third Quarter 2023 Financial Results. My name is Shamali and I am your operator for today’s call. At this time, I’d like to hand the call over to Mike Moraca, Treasurer and Investor Relations Officer for Algoma. Mr. Moraca, please go ahead.

Mike Moraca

Good morning, everyone and welcome to Algoma Steel Group, Inc.’s financial and operating results conference call for the fiscal third quarter ended December 31, 2022. Leading today’s call are Michael Garcia, our Chief Executive Officer; and Rajat Marwah, our Chief Financial Officer. As a reminder, this call is being recorded and will be made available for replay later today in the Investors section of Algoma Steel’s corporate website at www.algoma.com.

I would like to remind you that comments made on today’s call may contain forward-looking statements within the meaning of applicable securities laws, which involve assumptions and inherent risks and uncertainties. Actual results may differ materially from statements made today.

In addition, our financial statements are prepared in accordance with IFRS, which differs from U.S. GAAP, and our discussion today includes references to certain non-IFRS financial measures. Last evening, we posted a presentation on our financial and operating results to accompany today’s prepared remarks. The slides for today’s call can be found in the Investors section of our corporate website.

With that in mind, I would ask everyone on the call to read the legal disclaimers on Slide 2 of the accompanying presentation and to also refer to the risks and assumptions outlined in Algoma Steel’s financial statements and management’s discussion and analysis for the full year ended March 31, 2022.

Please note that our financial statements are prepared using the U.S. dollar as our functional currency and the Canadian dollar as our presentation currency. Our fiscal year runs from April 1 to March 31, and our third quarter financial statements have been prepared for the 3 months ended December 31, 2022. Please note all amounts referred to on today’s call are in Canadian dollars unless otherwise noted. Following our prepared remarks, we will open the call to conduct a question-and-answer session.