Eneti Inc. (NYSE:NETI) Q2 2022 Results Conference Call August 3, 2022 11:00 AM ET

Company Participants

James Doyle - Head, Corporate Development and IR

Emanuele Lauro - CEO

Robert Bugbee - President

Cameron Mackey - COO

Hugh Baker - CFO

Sebastian Brooke - COO, Seajacks

Conference Call Participants

Greg Lewis - BTIG

Ben Nolan - Stifel

Turner Holm - Clarksons

Liam Burke - B. Riley FBR

Operator

Good day and welcome to the Eneti Inc. Second Quarter 2022 Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Mr. James Doyle, Head of Corporate Development and Investor Relations. Please go ahead, sir.

James Doyle

Thank you for joining us today. Welcome to the Eneti Inc. Second Quarter 2022 Earnings Conference Call. On the call with me are Emanuele Lauro, Chief Executive Officer; Robert Bugbee, President; Cameron Mackey, Chief Operating Officer; Hugh Baker, Chief Financial Officer; Sebastian Brooke, Chief Operating Officer of Seajacks. Earlier today, we issued our second quarter earnings press release, which is available on our website, eneti-inc.com.

The information discussed on this call is based on information as of today, August 3, 2022. It may contain forward-looking statements that involve risks and uncertainty. Actual results and events may differ materially from those set forth in such statements. For a discussion of these risks and uncertainties, you should review the forward-looking statement disclosure in the earnings press release issued today as well as Eneti Inc.'s SEC filings, which are available at eneti-inc.com and sec.gov. Call participants are advised that the audio of this conference call is being broadcast live on the Internet, and it is also being recorded for playback purposes.

An archive of the webcast will be made available on the investor relations page of our website for approximately 14 days. We will be giving a short presentation today. The presentation is available at eneti-inc.com, on the investor relations page, under Reports & Presentations. These slides will also be available on the webcast. After the presentation, we will go to Q&A.

Now I'd like to introduce our Chief Executive Officer, Emanuele Lauro.

Emanuele Lauro

Thank you, James. And good morning and afternoon to everyone. Welcome to Eneti's second quarter 2022 results and the first profitable results as a wind turbine installation vessel company. Since November, we've increased our contracted backlog by almost $170 million. This is for 2022 and 2023.