Methanex Corporation (NASDAQ:MEOH) Q1 2023 Earnings Conference Call April 27, 2023 11:00 AM ET

Company Participants

Sarah Herriott - Director of Investor Relations

Rich Sumner - President and Chief Executive Officer

Conference Call Participants

Joel Jackson - BMO Capital Markets

Ben Isaacson - Scotiabank

Hassan Ahmed - Alembic Global

Steve Hansen - Raymond James

Laurence Alexander - Jefferies

Matthew Blair - TPH

Nelson Ng - RBC Capital Markets

Jacob Bout - CIBC

Joshua Spector - UBS

Operator

Good morning. My name is Brent and I will be your conference operator today. At this time, I would like to welcome everyone to the Methanex Corporation 2023 First Quarter Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the conference call over to the Director of Investor Relations at Methanex, Ms. Sarah Herriott. Please go ahead, Ms. Herriott.

Sarah Herriott

Good morning, everyone. Welcome to our first quarter 2023 results conference call. Our 2023 first quarter news release, management discussion and analysis and financial statements can be accessed from the Reports tab of the Investor Relations page on our website at methanex.com.

I'd like to remind our listeners that our comments and answers to your questions today may contain forward-looking information. This information, by its nature, is subject to risks and uncertainties that may cause the stated outcome to differ materially from the actual outcome. Certain material factors or assumptions were applied in drawing the conclusions or making the forecasts or projections, which are included in the forward-looking information.

Please refer to our first quarter 2023 MD&A and to our 2022 annual report for more information. I would also like to caution our listeners that any projections provided today regarding Methanex's future financial performance are effective as of today's date. It is our policy not to comment on or update guidance between quarters.

For clarification, any references to revenue, average realized price, EBITDA, adjusted EBITDA, cash flow, adjusted income or adjusted earnings per share made in today's remarks reflects our 63.1% economic interest in the Atlas facility, our 50% economic interest in the Egypt facility and our 60% interest in Waterfront Shipping. In addition, we report our adjusted EBITDA and adjusted net income to exclude the mark-to-market impact on share-based compensation and the impact of certain items associated with specific identified events.