Bunge Limited (BG) Q1 2023 Earnings Call Transcript

Bunge Limited (NYSE:BG) Q1 2023 Earnings Conference Call May 3, 2023 8:00 AM ET

Company Participants

Ruth Ann Wisener - Vice President of Investor Relations

Greg Heckman - Chief Executive Officer

John Neppl - Chief Financial Officer

Conference Call Participants

Ben Bienvenu - Stephens

Benjamin Theurer - Barclays

Salvator Tiano - Bank of America

Steven Haynes - Morgan Stanley

Manav Gupta - UBS

Thomas Palmer - JPMorgan

Andrew Strelzik - BMO Capital Markets

Adam Samuelson - Goldman Sachs

Salvator Tiano - Bank of America

Operator

Good morning and welcome to the Bunge Limited First Quarter 2023 Conference Call. [Operator Instructions] Please note that this event is being recorded.

I would now like to turn the conference over to Ruth Ann Wisener. Please go ahead.

Ruth Ann Wisener

Thank you, operator and thank you for joining us this morning for our first quarter earnings call.

Before we get started, I want to let you know that we have slides to accompany our discussion. These can be found in the Investors section of our website at bunge.com under Events and Presentations. Reconciliations of non-GAAP measures to the most directly comparable GAAP financial measure are posted on our website as well. I'd like to direct you to Slide 2 and remind you that today's presentation includes forward-looking statements that reflect Bunge's current view with respect to future events, financial performance and industry conditions. These forward-looking statements are subject to various risks and uncertainties. Bunge has provided additional information in its reports on file with the SEC concerning factors that could cause actual results to differ materially from those contained in this presentation and we encourage you to review these factors.

On the call this morning are Greg Heckman, Bunge's Chief Executive Officer; and John Neppl, Chief Financial Officer. I'll now turn the call over to Greg.

Greg Heckman

Thank you, Ruth Ann and good morning, everyone. I want to start by thanking the team for their continued focus and strong execution. While the volatility in the quarter was less than we experienced last year, we're still in a highly dynamic operating environment. The resiliency of our team are deep partnerships with customers across the value chain and our global platform enabled us to deliver another quarter of strong results.

Our focus is on continuing to invest in strengthening our business so that we can provide customers from farmers to end consumers with solutions to some of the most pressing challenges facing them not only today but as we look ahead. The work we have done to improve and integrate our operational, commercial and risk management approach has enabled us to effectively manage through supply disruptions, severe weather impacts the lingering effects of the pandemic and the volatility in financial markets.