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Newalta's (NWLTF) CEO John Barkhouse On Q4 2017 Results - Earnings Call Transcript

Mar. 07, 2018 12:58 PM ETNewlink Technology Inc. (NWLTF) Stock
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Newalta Corp (OTCPK:NWLTF) Q4 2017 Earnings Conference Call March 7, 2018 11:00 AM ET


Linda Dietsche - EVP and CFO

John Barkhouse - President and CEO


Raveel Afzaal - Canaccord Genuity


Good morning. My name is Aimee, and I will be your conference operator today. At this time, I would like to welcome everyone to the Newalta Corporation's Fourth Quarter and Year-End 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 call over to Linda Dietsche, Executive Vice President and Chief Financial Officer. Please go ahead.

Linda Dietsche

Thank you, Aimee. Welcome to Newalta's conference call for the fourth quarter and year-end 2017. Joining me on the call, we have John Barkhouse, President and CEO.

During the call today, Newalta may make forward-looking statements related to expected future performance. Such statements are based on current views and assumptions and are subject to uncertainties, which are difficult to predict, including expected operating results, industry conditions, and the availability of financing alternatives, debt service and future capital needs.

Certain financial measures that do not have any standardized meaning prescribed by GAAP will be referred to during this presentation. These measures are identified and defined in Newalta's continuous disclosure documents. Please refer to our continuous disclosure documents as they identify factors which may cause actual results to differ materially from any forward-looking statements.

For the fourth quarter, results were within our guidance ranges, with Q4 revenue of $61.7 million and adjusted EBITDA of $11.6 million. Revenue for the quarter decreased by 3% compared to the prior year as gains in our Drill Site business were more than offset by a decline in production related waste volumes received at our Heavy Oil

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