Call Start: 10:00 January 1, 0000 10:36 AM ET

Ardmore Shipping Corporation (NYSE:ASC)

Q1 2022 Earnings Conference Call

May 4, 2022, 10:00 AM ET

Company Participants

Anthony Gurnee – Chief Executive Officer

Paul Tivnan – Senior Vice President, Chief Financial Officer

Conference Call Participants

Jonathan Chapell – Evercore ISI

Benjamin Nolan – Stifel

Magnus Fyhr – H.C. Wainwright & Co.

Christopher Robertson – Jefferies

Climent Molins – Value Investor's Edge

Operator

Good morning, ladies and gentlemen. And welcome to the Ardmore Shipping's First Quarter 2022 Earnings Conference Call. Today's call is being recorded and an audio webcast and presentation are available in the investor relations section of the company's website at ardmoreshipping.com. We will conduct a question-and-answer session after the opening remarks. Instructions will follow at that time.

A replay of the conference call will be accessible any time during the next 2 weeks [Operator Instructions] At this time, I will turn the call over to Anthony Gurnee, Chief Executive Officer of Ardmore Shipping.

Anthony Gurnee

Thank you. Good morning and welcome everyone to Ardmore Shipping's first quarter of 2022 earnings call. Let me first ask our CFO, Paul Tivnan, to describe the format for the call and forward-looking statements.

Paul Tivnan

Thanks, Tony, and welcome, everyone. Before we begin our conference call, I would like to direct all participants to our website at ardmoreshipping.com, where you'll find a link to this morning's first quarter earnings release and presentation. Tony and I will take about 15 minutes to go through the presentation and then open up the call to questions. Turning to Slide 2, please allow me to remind you that our discussion today contains forward-looking statements. Additional results may differ materially from the results projected from those forward-looking statements.

And additional information concerning factors that could cause the actual results to differ materially from those in the forward-looking statements is contained in the first quarter earnings release, which is available on our website. And now I'll turn the call back over to Tony.

Anthony Gurnee

Thanks, Paul. So in terms of the format for today's call, to begin with, I'll discuss highlights and recent market developments after which Paul will provide an update on product and chemical tanker fundamentals and financial performance. And then we'll conclude the presentation and open up the call for questions. Turning first to Slide 4, over the past two months, the product and chemical tanker markets have changed completely. The first quarter was only partially impacted by these conditions.