Algoma Steel Group Inc. (NASDAQ:ASTL) Q1 2023 Earnings Conference Call August 4, 2022 11:00 AM ET

Company Participants

Michael Moraca - Treasurer and Investor Relations Officer

Michael Garcia - Chief Executive Officer

Rajat Marwah - Chief Financial Officer

Conference Call Participants

Dave Gagliano - BMO Capital

David Ocampo - Cormark Securities

Ahmad Shaath - Beacon Securities

Ian Gillies - Stifel

Anoop Prihar - Eight Capital

Alexander Jackson - RBC Capital Markets

Operator

Good morning, ladies and gentlemen, and thank you for standing by. Welcome to Algoma Steel Fiscal First Quarter 2023 Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to your host, Michael Moraca, Treasurer and Investor Relations Officer for Algoma Steel. Thank you. You may begin.

Michael Moraca

Good morning, everyone, and welcome to Algoma Steel Group Inc.'s first quarter fiscal 2023 earnings conference call. 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 US GAAP and our discussion today includes references to certain non-IFRS financial measures.

Last evening we posted an earnings presentation 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 today's call to read the legal disclaimers on slide 1 of the accompanying earnings 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 US dollar as our functional currency and the Canadian dollar as our presentation currency.

Our fiscal year runs from April 1st to March 31st and our financial statements have been prepared for the three months ended June 30, 2022. Please note all amounts referred to on today's call are in Canadian dollars unless otherwise noted. Following our prepared remarks, we will conduct a question-and-answer session.