Kennedy-Wilson Holdings, Inc. (KW) Q1 2023 Earnings Call Transcript

Kennedy-Wilson Holdings, Inc. (NYSE:KW) Q1 2023 Earnings Conference Call May 4, 2023 12:00 PM ET

Company Participants

Daven Bhavsar - Investor Relations
Bill McMorrow - Chairman and Chief Executive Officer
Mary Ricks - President
Matt Windisch - Executive Vice President
Justin Enbody - Chief Financial Officer

Conference Call Participants

Derek Johnston - Deutsche Bank
Anthony Paolone - JPMorgan
Josh Dennerlein - Bank of America

Operator

Good day, and welcome to the Kennedy-Wilson First Quarter 2023 Earnings Conference Call and Webcast. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Daven Bhavsar. Please go ahead.

Daven Bhavsar

Thank you and good morning. This is Devan Bhavsar and joining us today from Kennedy-Wilson, Bill McMorrow, Chairman and CEO; Mary Ricks, President; Matt Windisch, Executive Vice President; and Justin Enbody, CFO. Today’s call will be webcast live and will be archived for replay. The replay will be available by phone for 1 week and by webcast for 3 months.

Please see the Investor Relations website for more information. On this call, we will refer to certain non-GAAP financial measures, including adjusted EBITDA and adjusted net income. You can find a description of these items, along with the reconciliation of the most directly comparable GAAP financial measure and our first quarter 2023 earnings release, which is posted on the Investor Relations section of our website. Statements made during this call may include forward-looking statements. Actual results may materially differ from forward-looking information discussed on this call due to a number of risks, uncertainties and other factors indicated in reports and filings with the Securities and Exchange Commission.

I would now like to turn the call over to our Chairman and CEO, Bill McMorrow.

Bill McMorrow

Thanks, Daven and thank you everybody for joining the call. Yesterday, we