Ormat Technologies, Inc. (NYSE:ORA) Q1 2022 Earnings Conference Call May 3, 2022 8:30 AM ET

Company Participants

Samuel Cohen – Alpha IR Group

Doron Blachar – Chief Executive Officer

Assi Ginzburg – Chief Financial Officer

Smadar Lavi – Vice President-Investor Relations and ESG Planning & Reporting

Conference Call Participants

Noah Kaye – Oppenheimer & Co.

Julien Dumoulin-Smith – Bank of America

Operator

Hello, everyone and welcome to the Ormat Technologies First Quarter 2022 Earnings Call. My name is Victoria and I'll be coordinating your call today. [Operator Instructions]

I will now pass over to your host, Samuel Cohen to begin. Please go ahead.

Samuel Cohen

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

Before beginning, we would like to remind you that the 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’d now like to turn the call over to Doron Blachar. Doron, the call is yours.

Doron Blachar