Methanex Corporation (NASDAQ:MEOH) Q2 2024 Earnings Call Transcript July 31, 2024 11:00 AM ET
Company Participants
Sarah Herriott - Director of IR
Rich Sumner - President and CEO
Conference Call Participants
Ben Isaacson - Scotiabank
Mike Leithead - Barclays Capital
James Cannon - UBS
Joel Jackson - BMO Capital Markets
Steve Hansen - Raymond James
Hassan Ahmed - Alembic Global
Nelson Ng - RBC Capital Markets
Matthew Blair - TPH
Laurence Alexander - Jefferies
Charles Neivert - Piper Sandler
Operator
Good morning. My name is Aaron, and I will be your conference operator for today. At this time, I would like to welcome everyone to the Methanex Corporation 2024 Second 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] Thank you. I would now like to turn our 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 second quarter 2024 results conference call. Our 2024 second quarter news release, management's discussion and analysis, and financial statements can be accessed from the Financial Reports tab of the Investor Relations page on our website at methanex.com.
I would 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 second quarter 2024 MD&A and to our 2023 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 this guidance between quarter. For clarification, any references to revenue, 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 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. These items are non-GAAP measures and ratios that do not have any standardized meaning prescribed by GAAP and therefore unlikely to be comparable to similar measures presented by other companies. We report these non-GAAP measures in this way, because we believe they are a better measure of underlying operating performance and we encourage analysts covering the company to report their estimates in this manner.