Good morning, everyone. Welcome to Ceres Global AG's earnings call for their third quarter results for financial year 2023. At this time, all participants are in listen-only mode. After management's remarks, this call will include a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. If anyone has any difficulties during the conference, you may press star 0 for operator assistance at any time. I would like to remind everyone that today's discussion may contain forward-looking statements that reflect current views with respect to future events. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. For more information on the risks and uncertainties related to these forward-looking statements, please refer to the company's management discussion and analysis, which is available on SEDAR and on the company's website. I would now like to turn the call over to Carlos Paz, CEO of Ceres Global Ag. Please go ahead, Mr. Paz. Thank you, operator, good morning, everyone. This quarter, the business operations performed very well despite continued market volatility. February 24th marked the 1-year anniversary of the conflict in Ukraine, a conflict that has had many humanitarian and economic impacts. For agriculture markets, particularly for Ceres, for northern spring wheat, durum, and canola markets, the war has disrupted production and exports, causing uncertainty regarding supply. While Ukraine has shipped significantly more grain over the last several months, Russia's announcement that we will not support the Black Sea Grain Initiative beyond May 18th presents great uncertainty for agricultural markets. Adding to this volatility was extreme weather experienced around the globe this year on the back of La Niña phenomenon. While Brazil yielded record soybean crops, continuing bean, corn, and wheat crops were devastated by droughts, resulting in an extended U.S. export season that kept rail freight values elevated. Continued dryness in the western US plains is also expected to impact the already small Kansas wheat crop. Despite unfavorable micro conditions, the Ceres team smoothly navigated these erratic markets by effectively utilizing the company's asset network, trading, and positioning, resulting in another quarter with positive adjusted net income. We were able to handle 20% higher volumes compared to last year. We were well-positioned to handle the higher crop volumes moving to domestic and international export markets. Year to date, our volumes handled has surpassed the volumes handled for fiscal year 2022. Contributing to our success was the performance at Berthold Farmers Elevator, a venture that continues to exceed our expectations. Volumes handled at BFE increased by 15% compared to last year. Since being incorporated into our network of assets, the joint venture has continued to create synergies that provide long-term value for the corporation. At Farmers Grain LLC, at River Falls, despite significant rail freight delays, the joint venture originated higher volumes than the previous year and continues to allow work directly with growers value other solutions for our customers. In the supply chain services segment, industrial products and fertilizer volumes down compared to the third quarter of last year as a result of substandard rail performance on farmer deliveries. We've had liquid volumes for our Gateway Energy Terminal continue to trend upwards as collaboration increased with Steel Reef, our partner in the Gateway Energy business. Overall gross margins for the segment, highest we've seen this fiscal year. In the seed and processing segment, soybean crush volumes were higher compared to the same quarter last year as a result of improvements in operational efficiency and effective merchandising. While demand for soy oil was low this quarter due to operational issues across the U.S. renewable diesel refineries, the high demand for soybean meal more than made up for the shortfall in oil, resulting in solid margins. I will speak about the financial outlook for the rest of the fiscal year and the company's growth in a few minutes. First, I'd like to turn things over to Blake to review our financial results for the quarter. Blake. Thank you, Carlos, and good morning, everyone. Before I begin, please note that all dollar amounts expressed in today's call are in US dollars unless otherwise stated. For definitions and reconciliations of non-IFRS measures, including the referenced adjusted EBITDA, working capital, and adjusted net income, please refer to section eight of this quarter's MD&A. Gross profit for the quarter was $5.5 million compared to $12.3 million in Q3 of last year, mainly due to lower trading opportunities across core commodities. 2022 being one of the most profitable years in the history of the company. Revenue was $287.9 million, up from $269.6 million in the third quarter of last year, primarily due to increased volumes handled compared to the same quarter last year. We handled and traded 24.1 million bushels of grain and oilseeds during the quarter, an increase of 20% compared to 20.1 million bushels for the same period last year. Year to date, revenue rose from $782.8 million in 2022 to $831.1 million in 2023, while gross profit was $17.8 million in 2023 compared to $52.2 million in 2022. Income from operations was $339,000 compared to $3.6 million in the same quarter last year. Net income was negative $553,000, or negative $0.02 per share, down from $912,000 in Q3 of 2022, or $0.03 per share. In the nine-month period ended March 31, 2023, income from operations was negative $864,000 compared to $24.3 million for the same period the previous year. Year to date, net income was negative $5.4 million, or negative $0.17 a share in 2023, down from $13.7 million, or $0.45 a share for the nine months ended March 31, 2022. We maintained positive adjusted EBITDA and adjusted net income this quarter, realizing $2.2 million and $410,000, respectively, compared to $5.4 million and $2.5 million in the Q3 of last year. We also maintained positive adjusted EBITDA and adjusted net income for the 9 months ended March 31, 2023. In 2023, adjusted EBITDA and adjusted net income were $4.4 million and $1.4 million, respectively, compared to $29.3 million and $16.8 million for the same period last year. Net trading margin was $7.6 million, down from $13.7 million in Q3 of 2022 due to fewer trading opportunities across multiple commodities. Year to date, net trading margin was $25.3 million in 2023 compared to $56.6 million in 2022. Our supply chain service revenue rose slightly this quarter to $2.1 million from $1.9 million in Q3 of 2022, primarily due to higher third-party storage, cleaning, and elevations for the grain-related segment. Supply chain services revenue also increased by $174,000 to $6.1 million for the nine months ended March 31st, 2023, compared to the same period in the prior year. Net seed and processing margin was $1.6 million, down from $2.5 million in Q3 of last year. Year to date, net seed and processing margin was $4 million in 2023, down from $6.9 million in 2022. This decrease was due to the sale of the St. Gaspard food processing plant that occurred in June of last year. General and administrative expenses were $5.2 million for the quarter and $18.7 million year to date, down from $8.7 million and $27.9 million, respectively, in the prior year. The decrease was mainly due to higher incentive accruals last year relating to our record performance in fiscal 2022. Additionally, general and administrative expenses were lower due to consulting expenses incurred in the previous year related to the Northgate Crush project. Interest expense was $1.6 million, up from $1.2 million in the same period last year, primarily due to higher variable interest rates year-over-year on the revolving line of credit and the delayed draw portion of the term loan, which is unhedged. Year to date, interest expense was $5 million in 2023, up from $3.6 million in 2022. There was an income tax recovery of $118,000 this quarter compared to an income tax expense of $1.4 million in Q3 of last year. Year to date, income tax expense was $472,000 in 2023 compared to $6.3 million in the nine months ended March 31st, 2022. We finished this quarter with $48.1 million of working capital. This concludes my review of our financials. For more information, please refer to our MD&A and financial statements. I'll now turn it back to Carlos to provide some comments on our outlook for the rest of the year. Thank you. Thank you, Blake. We are not a stranger to chopping markets at this stage and expect volatility to remain for the foreseeable future. However, we are well equipped with a talented team who have demonstrated their ability to effectively trade and position in the markets we operate, manage our supply chains, and capitalize on trading opportunities. Speaking of opportunity, we are entering the spring planting period for North American crops. While planting is expected to be delayed due to cool, wet spring, we believe the elevated prices for grain will encourage farmers to maximize acres planted in order to bring as much of our core products possible. Exceptional oats, which are expected to decline as estimated by Statistics Canada. We believe this should result in adequate volumes for the corporation to merchandise. Being able to evaluate crop production is a critical component to our business and allows us to anticipate yields, position ourselves correctly, and maximize our capacity. Our team is vigilantly monitoring how these crops evolve and market opportunities as they appear. Looking to our supply chain services segment, we expect industrial products and fertilizer volumes to trend higher than last year as supply chains replenish. NGL volumes should also increase as the Gateway business recently completed and commissioned the pipeline connection to a Steel Reef infrastructure facility and is beginning to run. Excuse me. Processing segment, we expect soybean stocks to remain steadily, allowing for high-capacity utilization of our crush plant and adequate margins as we close the fiscal year. The seed business is a seasonal, and it generates gross margins during Q4. Soybeans marketed through Global Seeds produced attractive yields this past harvest, which will support increased sales next year as soybean acres are expected to increase in Manitoba. Over the last month, we have focused on maximizing our strong network of partners. We are seeing the results of our efforts. Rooted in trust and collaboration, we have been able to find creative solutions for partnering with independent co-ops to increase our farmer direct origination and help our customers regenerative agriculture goals. We will continue to focus on maximizing the full value of our assets and deepening our relationship with our farmer partners to meet increasing demand for our core products, regenerative agriculture supply chain solutions. Connecting growers to end user businesses, we're not only promoting advocacy for efficient growing practices among our farmer partners, but also creating consistency in supply for our end users. We've seen the positive results of this strategy across our network. We'll continue to focus on capitalizing these synergies. On that note, I would like to open the call for questions. If you'd like to ask a question at this time, please press star then the 1 on your telephone keypad, and we'll pause for a moment to compile the Q&A roster. Ladies and gentlemen, as a reminder, if you have any questions, please press star 1. There are no questions at this time. I will now turn the call back over to Mr. Paz. Thank you, operator, and thank you everybody for your participation in today's call. We appreciate your support. We look forward to speaking with you again. Thank you for joining. This concludes today's conference call. You may now disconnect.
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