Codere Online Luxembourg, S.A. (NASDAQ:CDRO) Q1 2022 Earnings Conference Call May 13, 2022 8:30 AM ET

Company Participants

Guillermo Lancha - Director of Investor Relations

Oscar Iglesias - Chief Financial Officer

Moshe Edree - Chief Executive Officer

Conference Call Participants

Jeff Stantial - Stifel

Michael Kupinski - Noble Capital Markets

Operator

Good afternoon. My name is Rob, and I’ll be your conference operator today. At this time, I’d like to welcome everyone to the Codere Online First Quarter 2022 Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks there will be a question-and-answer session. [Operator Instructions] Thank you.

Guillermo Lancha, Director of Investor Relations. You may begin your conference.

Guillermo Lancha

Thanks, operator, and welcome everyone to Codere Online’s earnings call for the first quarter of 2022. On this call you will hear from our CEO, Moshe Edree and CFO, Oscar Iglesias. Before turning the call over to Oscar, I’d like to remind everyone that during this call we will be referring to a presentation we uploaded to our website earlier today. We encourage everyone to read the disclaimer section, particularly the points around forward-looking statements, non-IFRS financial measures and preliminary information.

During today’s call, we will be referring to non GAAP financial metrics, such as Net Gaming Revenue or Adjusted EBITDA, for which you can find reconciliations in the appendix section of the presentation. Finally, please note that a replay and transcript of this call will be available later today on our website at codereonline.com and that if you haven’t done so already, we encourage you to sign up to our Investor Email alerts.

Oscar, over to you.

Oscar Iglesias

Thanks, Guillermo and good afternoon to everyone joining the call. This is our first full quarter of operating results as a publicly traded company and we look forward to giving you an update on business trends to add to the information that we have provided in our first annual report, which was filed on Form 20-F on April 29, and which is available on our website.

Before moving into details regarding the quarter, I just wanted to remind you that Codere Online is Luxembourg-based and as a European company, our accounting information is prepared under IFRS accounting standards and our functional currency is the euro. As such, throughout this presentation, all monetary figures will be in euro unless expressed otherwise.