Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Q2 2023 Earnings Conference Call August 1, 2023 8:00 AM ET

Company Participants

Santiago Seage - CEO

Francisco Martinez-Davis - CFO

Conference Call Participants

David Quezada - Raymond James

Agnieszka Storozynski - Seaport Research Partners

Nelson Ng - RBC Capital Markets

Rupert Merer - National Bank Financial

Mark Jarvi - CIBC Capital Markets

Julien Dumoulin-Smith - Bank of America Securities

William Grippin - UBS

Antoine Aurimond - Bank of America

Operator

Hello and welcome to Atlantica’s Second Quarter 2023 Financial Results Conference Call. Atlantica is a sustainable infrastructure company. Just a reminder that this call is being webcast live on the internet and a replay of this call will be available on Atlantica’s corporate website. Atlantica will be making forward-looking statements during this call based on current expectations and assumptions which are subject to risks and uncertainties. Financial results could differ materially from our forward-looking statements. If any of our peer assumptions are incorrect or because of other factors discussed in today’s earnings presentation or because of other factors discussed including the risk factors section of the accompanying presentation and in our latest reports and filings with the Securities and Exchange Commission, all of which can be found on our website. Atlantica does not undertake any duty to update any forward-looking statements.

Joining us on today’s conference call are Atlantica’s CEO, Santiago Seage and CFO, Francisco Martinez-Davis. As usual at the end of the conference call we will open the lines for the Q&A session. I will now pass you over to Mr. Seage. Please go ahead, sir.

Santiago Seage

Thank you very much. Good morning, and thank you for joining us for our second quarter 2023 conference call. In the second quarter and in general, the first half of the year we believe shows the strength of our long-term contracted and highly diversified asset portfolio. While many of our peers, many companies in our sector have been talking about soft wind resources in the U.S., the fact that we have a more diversified portfolio, both by technology and by geography means that in the first half of the year, revenue and adjusted EBITDA have increased by a 1.4% and 1.9% respectively, on a comparable basis. At the same time, cash available for distribution has increased by 2.6% on a comparable basis, reaching $124.6 million. We believe that this is another quarter of solid results thanks to these well-contracted, highly diversified portfolio. I will now turn the call over to Francisco who will take us through our financial results.