Ormat Technologies, Inc. (NYSE:ORA) Q1 2023 Results Conference Call May 23, 2023 9:00 AM ET

Company Participants

Alec Steinberg - Alpha IR

Doron Blachar - CEO

Assi Ginzburg - CFO

Smadar Lavi - VP, IR and ESG Planning and Reporting

Conference Call Participants

Noah Kaye - Oppenheimer

Justin Clare - ROTH MKM

Julien Dumoulin-Smith - Bank of America

Jeffrey Osborne - TD Cowen

Operator

Good morning and welcome to the Ormat Technologies’ First Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. After today’s presentation there will be an opportunity to ask questions. [Operator Instructions] Please note that this event is being recorded.

I’d now like to turn the conference over to Alec Steinberg with Alpha IR. Please go ahead.

Alec Steinberg

Thank you, operator.

Hosting the call today are Doron Blachar, Chief Executive Officer; Assi Ginzburg, Chief Financial Officer; and Smadar Lavi, Vice President of Investor Relations and ESG Planning and Reporting.

Before beginning, we would like to remind that information provided during this call may contain forward-looking statements relating to current expectations, estimates, forecasts and projections about future events that are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the Company’s plans, objectives and expectations for future operations and are based on management’s current estimates and projections, future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, please see Risk Factors as described in Ormat Technologies’ annual report on Form 10-K and quarterly reports on Form 10-Q that are filed with the SEC.

In addition, during the call, the Company will present non-GAAP financial measures such as adjusted EBITDA. Reconciliations to the most directly comparable GAAP measures and management’s reasons for presenting such information is set forth in the press release that was issued last night as well as in the slides posted on the website. Because these measures are not calculated in accordance with GAAP, they should not be considered in isolation from the financial statements prepared in accordance with GAAP.

Before I turn the call over to management, I would like to remind everyone that a slide presentation accompanying this call may be accessed on the Company’s website at ormat.com, under the presentation link that’s found on the Investor Relations tab.

With all that said, I would now like to turn the call over to Doron Blachar. Doron, the call is all yours.