Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the H2O Innovation Q1 Fiscal Year 2024 Financial Results Conference Call. [Foreign language] At this time, all participants are in a listen-only mode. Following the presentation, we'll conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. If anyone has any difficulties hearing the conference, please press the star key, followed by zero, for operator assistance at any time. [Foreign language] Before turning the meeting over to management, please be advised that this conference call will contain statements that could be forward-looking and subject to a number of risks and uncertainties, and could cause actual results to differ materially from those anticipated. I would like to remind everyone that this conference call is being recorded today, November 14, 2023, at 10:00 A.M. Eastern Time. I would now like to turn the conference over to your hosts for today, [Foreign language] Marc Blanchet. Please go ahead, gentlemen. Thank you very much. My name is Marc Blanchet, CFO of H2O Innovation. This call will be held in English, but I'll just say a brief word in French for our French audience. [Foreign language] Before we begin, I invite you to download a copy of today's presentation, which can be found on our website at h2oinnovation.com, in the section Investors. Frédéric Dugré, President and CEO of H2O Innovation, is joining me today for the call, which duration is approximately 30 minutes. During this call, Frédéric will give an update on the business and present highlights on the Q1 2024, ended September 30, 2023, and I will be presenting the financial results. Please take a moment to read the forward-looking statement on page 2 and the IFRS financial measurement on page 3 of the presentation. I'll now hand over to Fred. Thank you, Marc, and thank you for joining the call today. Well, we are starting our new fiscal year 2024 with more modest growth of 5.7% in our first quarter compared to the same period of last fiscal year. The tempered growth revenue is mostly explained by the timing of revenue recognition associated to the deliveries of important customer orders of specialty chemicals and components. Despite the slower start, we're happy to report improvement in the gross profit margin. Indeed, following the implementation of multiple measures to improve our gross profit margin, we're now observing a positive trend in our operating profit. This is the result of our commercial teams striving to protect margin erosion, combined with our manufacturing, engineering, operating, and procurement teams working relentlessly to find ways to reduce our costs. The significant CapEx investments made in the previous fiscal year, such as the development of a mobile fleet of water and wastewater treatment systems, a plastic extrusion line, and the in-house blending of the specialty powder cleaner in our U.K. facility, should continue to fuel margin expansion in the coming years. For these reasons, despite the modest revenue growth in the first quarter, we remain confident in our revenue growth target for fiscal year 2024. Our high-recurring revenue business model, combined with an impressive 37.2% growth in our consolidated backlog, now stand at CAD 249 million, gives us an excellent visibility to grow the corporation in the coming quarters and reach our targets presented in our three-year plan. Marc will cover the financial performance with greater details in the coming slides. Moving to page 5, with our largest revenue generator business pillar, the Operation and Maintenance. During the first quarter, the O&M team secured 8 new contracts, where most of them are for industrial customers. In parallel, as we continue to focus on customer retention, we successfully renewed 11 contracts and extended scope of work in 7 existing O&M projects. These new awards, combined to the scope expansion and the renewal of O&M legacy contracts, pushed the backlog to a record high of CAD 166 million. These numbers testify to the quality of the work performed by our team and to the care provided to our numerous customers. Talking of customer care, I want to underline the extraordinary work realized by our crews from four different locations in the Southeast United States, that provided assistance to our customers and team in Live Oak, Florida, after the devastating Hurricane Idalia at the end of August. In Q1, we finally merged and completed the integration of EC, previously acquired in fiscal year 2022, both in the state of New York. This consolidation under the H2O Innovation brand will enable us to promote a more comprehensive solution offering to all customers. This final merger also provides uniform and equitable employment benefits to all workers in the state of New York and is also in line with the rest of H2O Innovation's employees' benefits. Moving to page 6, let's have a look at the highlights of our Water Technologies & Services business pillar. During the first quarter, we secured 12 new water, wastewater, and water reuse projects for a total of CAD 29 million. These new projects contribute to keep a good balance between industrial and municipal projects in our backlog. These additions push the WTS backlog to a record high, also of CAD 84 million. Combined to our growing service and aftermarket business line, originating from our growing installed customer base, it provides us excellent visibility in the revenue and EBITDA growth in the coming quarters as the charge is showing up. Lastly, the launch and the development of our mobile water treatment fleet is going full steam. Mining customers continue to show interest in such product and business solution offering. During the summer only, we secured new leasing contracts totaling CAD 3.4 million, bringing our actual constructed fleet in full usage and fully deployed in the field. At the end of September 2023, we had two more FLEXBOX units under construction, which have been delivered at the end of October to another mining customer. Our objective to grow our fleet to 40 units within the next five years remains the same. Now, let's have a look at the evolution of our combined backlog over the last 12 quarters, presented at page 7. With the addition of CAD 29 million bookings from the WTS business pillar in Q1, combined to the renewal, scope extension, and new O&M contracts, our combined backlog now reached CAD 250 million at the end of Q1. This represents a 32% increase from June 30, 2023. This record high backlog not only gives us strong visibility in the expected revenue growth in the coming quarters, but it also continues to build our North American platform, combining water treatment equipment, servicing, Specialty Products, and O&M, which promotes customer retention, thus recurrent revenues. By doing so, we continue to monetize our platform over repeat and new business with both industrial and municipal customers. Let's look at page 8 on the performance of our Specialty Products business pillar. During the first quarter of 2024, our specialty chemical manufacturing facility in Vista, California, obtained its ISO 9001:2015 certification. This quality management certification for all our manufacturing activity in California should enable us to pursue our growth among our existing customers and also seduce new customers for which such quality certification is one of the qualification requirements. In parallel, our U.K.-based specialty chemical manufacturing facility continued to ramp up its powder production with growing demand for international customers. By insourcing the making of our powder-based products, we have a better control on the quality of the end products, its lead time production, and also enjoy an improved profit margin. Meanwhile, Piedmont, the specialty component product line, continued to pursue international opportunities, mostly for new desalination plants. During the same period, we secured multiple cartridge elements recurring orders from filter housings previously installed into large desalination plants. Our maple farming equipment teams continued to work on the integration of Leader Evaporator, acquired slightly more than a year ago. The priority remains to improve the profitability of this business line. For this reason, we continue to rationalize our combined product line while maximizing our customer offering and optimizing our cost and profit structure. It is worth to recall that following a poor maple season in spring 2023, the company took measures to optimize the cost structure and diversify into new business verticals. Through our strategic objective of transforming the maple division into an agri-food division, we intend to lower the seasonality impact and diversify our client base into other auxiliary markets, where our expertise in sugar concentration and membrane filtration could be beneficial. I will now pass it on to Marc Blanchet, our CFO, who will review and discuss with you the financial performance of the company during this first quarter of fiscal year 2024. Thank you, Fred. Let's move over to slide 10. Before we go over the results of the first quarter, I'd like to go over the results of the last twelve months compared to the previous twelve months. As I said in previous calls, I'd like to present the result looking at a twelve-month to capture the long-term evolution of our results. Our revenue on an LTM basis reached CAD 225.6 million, compared to CAD 202.1 million for the previous twelve months. We invested in growth initiatives to achieve the 10% organic growth objective provided in the three-year plan, such as hiring sales resources and investing in SG&A to generate and support this growth. Those investments have been successful, and the target has been exceeded since we generated organic growth revenue of 14.2%. This is also explaining the increase in SG&A compared to the previous LTM. However, the ratio over, the ratio over revenue is slightly higher at 17.8%, compared to 17.5% last year. The net loss reached CAD 1.7 million, compared to the net earning of CAD 4.5 million, a decrease of 6.2 compared to last year. As a reminder, last year's net earning was positively impacted by a deferred tax recovery of CAD 4.6 million. The adjusted EBITDA increased to CAD 21 million, compared to CAD 19.1 million in the previous twelve months. The adjusted EBITDA over revenue is lower at 8.2% compared to 9.4% last year. The reduction in percentage is explained by a reduction of the gross profit margin due to the business mix within the specialty business pillar and due to high inflation of material costs and pressure on salary. In addition, during fiscal year 2023, the maple industry faced one of the worst harvest season in five years in Canada and in the U.S. due to unseasonable weather conditions. The fact that we can rely on three business pillar is the strength of H2O. It allows to be able to count on different sources of revenue and thus reduce the risk of volatility on EBITDA. Let's move to slide 11. I'd like to go over some of the financial highlights of Q1. The main highlight is the improvement of the gross profit margin. The gross profit margin has increased from 24.1% to 25.5% compared to last year, due to the improvement of the gross profit margin in WTS and the business mix within the Specialty Products business pillar. I'll give more details on that in the next few slides. The revenue growth was slower than last quarter due to the timing of revenue recognition related to project and timing of specialty components deliveries. We are reporting revenues of CAD 59.3 million, compared to CAD 56.1 million last year. This represents an increase of 5.7%, which 2.1% is organic growth and the rest is coming from favorable exchange rate impact. The adjusted EBITDA dollar decreased by 9% compared to Q1 last year, standing at CAD 4.5 million compared to CAD 5 million last year. It represents 7.6% over revenue compared to 8.8% over revenue last year. The percentage decrease of Adjusted EBITDA over revenue is mostly explained by reduction of sales volume and the specialty of sales volumes are in the Specialty Products business pillar. The percentage of SG&A over sales increased compared to Q1 last year because of the pressure on salaries and investment in additional resources, but also caused by soft revenue growth this quarter. Last year, we invested in our sales force and in business development throughout the year. This is why we must look at the variation on LTM basis. Cash flow used by operating activities is similar to last year. We used CAD 2.5 million, compared to CAD 2.5 million last year. The highlight we're the most proud of is the increase of our consolidated backlog. It's up by 37% compared to Q1 last year, but it increased by an additional 31.7% since June 30. It now stands at CAD 250 million. Obviously, it provides good visibility on revenue for the upcoming quarters. This is the results on the investments we did into our sales force. Let's go to slide 12, where we present some of the P&L highlight of Q1. On that slide, I'd like to bring your attention on the table on the right, where we address the fixed rate variation impact on revenue, given the fluctuation of certain currency. For the first quarter, it's a global positive impact of CAD 2 million or 3.5% on revenues because of USD, the British pound and the euro exchange rates were favorable. I'll now go over the financial results of each of the business slides, each of the business pillars, and we'll start with O&M at slide 13. Revenue for O&M during Q1 2024 stood at CAD 29.2 million compared to CAD 27.7 million last year, representing an increase of CAD 1.4 million or 5.2%. 2.4% is organic growth generated from scope expansion and new projects secured in last year. Last year, a process of realigning customer portfolio was initiated to focus on most profitable clients and clients that can generate opportunities. This is reflected in the organic growth this quarter. O&M EBITDA reached CAD 2.6 million compared to CAD 3 million last year, representing a decrease of CAD 400,000 or 24%, and a decrease in percentage over revenue. The gross profit margin in percentage remains stable at 14%. The O&M EBITDA decreased in percentage and in dollars due to higher selling and general expenses, explained by higher employee compensation costs and investment in new operational, especially in the area of Houston. In most of the O&M contract, we are entitled to increase the annual fee based on customer price index, also called CPI. Therefore, such annual fee increased are being effective with our customers as each contract reaches its annual contractual adjustment date. We will then continue to achieve price realization and extend margin point in the upcoming quarters. On September 30, the O&M backlog stood at CAD 165.7 million, well, compared to CAD 135.4 million last year, which is a significant increase of 22.4%. I would like to bring your attention that the contract, that our contracts in Texas and in the State of New York are usually evergreen and are less included in the backlog. Let's move to slide 14 and, and look at the WTS revenue. It improved by 41%, which is coming mainly from organic growth in the service activities. The expansion of the service activities, which tends to be recurring in nature, and generated a higher gross profit margin. It's in line with the corporation's three-year strategic plan, which is to focus on, on those type of revenues. This strategy has been successful since WTS gross profit margin stood at 24.6% for Q1 2024, compared to 18.9% last year. WTS EBITDA stood at CAD 1.7 million, compared to CAD 0.5 million last year, which is an increase of CAD 1.2 million.... The increase in dollar and in percentage over revenue is mainly due to the improvement of the gross profit margin, explained by a higher proportion of income from service activities. Also, selling and general expenses increased by CAD 300,000, driven by the hiring of additional sales resource. But the selling and general expenses in percentage over revenue decreased from 14.2% to 12.3%. The WTS backlog stood at CAD 84.1 million, compared to CAD 46.6 million last year, which is an increase of 80%. The significant increase of the backlog is due to our investment in sales resource. We're also focusing on industrial project, which generally comes with better gross profit margin and allows us to improve the WTS gross profit margin overall. The 42%, 42% of those projects were industrial at the end of this quarter, compared to 32% last year. Let's move to slide 15. Revenue from Specialty Products stood at CAD 16 million, compared to CAD 18.4 million last year. A decrease of CAD 2.4 million or 13%. Timing and deliveries, combined with lower maple business line revenue due to the 2023 bad harvest season, led to a decrease in organic growth of CAD 3.3 million, partly compensated by favorable exchange rate of CAD 900,000. The gross profit margin stood at CAD 7.5 million or 47% for Q1, compared with CAD 7.7 million or 41.7% last year. The price increase, procurement strategy, and insourcing manufacturing have been implemented in the recent quarters, which affected favorably the margin in this quarter. Also, the business mix within the business pillar, with higher proportion of revenue coming from specialty chemical group, explains the increase of the growth margin in percentage. EBITDA stood at CAD 3.9 million compared to CAD 4.6 million, representing a decrease of CAD 700,000. This decrease in percentage is mainly explained by the decrease in sales volume and the increase in selling and general expenses. The hiring of sales resource and the pressure on salaries due to the inflation level are the main factor behind those variations. Let's move to slide 16, the financial position for selected information. Sorry, the working capital increased from 43.9% to 45.9%. Accounts receivable increased by 17.6% since June 30, while sales increased by 5.7%. The variation is mainly explained by significant invoicing in WTS business pillar and a foreign exchange rate impact of CAD 600,000. Contract assets decreased by CAD 1.9 million, which is explained by the invoicing of WTS. If we look at the inventory level, it increased by 21% since June 30. The increase is mostly due to the upcoming large component deliveries for the maple business line, currently building its inventory for the upcoming maple season. And FX variation also contributed to CAD 200,000. We remain vigilant in regards with the inventory level to be maintained, but at the same time, properly aligned to support the sales growth. Accounts payable increased by CAD 900,000 or 2%, mostly due to a fixed rate impact. Regarding to the contingent consideration, the decrease is related to the JCO acquisition, which was settled and paid in August. If we look at the cash flow on slide 17, cash flow from operating activities used CAD 2.5 million for Q1, same as Q1 2023. As explained in previous calls, the fast organic growth of the previous quarter pulled on the working cap, but we're starting to improve the cash conversion cycle of these investments. This quarter, we also invested CAD 3.4 million of CapEx. Most of these investments are growth CapEx for equipment required to execute new O&M contracts or equipment we manufactured and lease to some of our customers. Slide 18, the net debt. As of September 30, 2023, the net debt stood at CAD 47.9 million, compared to CAD 39.9 million on June 30, representing an increase of CAD 8 million. Increase that is due to unfavorable change in working capital items and investment in CapEx to support the growth in operations. This wraps up the presentation of the financial results. I will now hand over the call, the call over back to Frédéric. Thank you, Marc. As a conclusion slide, at slide number 19, I want to take a few minutes to talk about the arrangement agreement with Ember, alongside with CDPQ, Investissement Québec. As per the press release on October 3, 2023, the arrangement agreement proposed a purchase price of CAD 4.25 per share, representing a 68% premium to the closing price of H2O shares on October 2. This price represents also a premium to the research analyst consensus and is also above the range of the formal valuation and fairness opinions as well. Also, the proposed transaction is an all-cash deal with no financing conditions. At the end of October, we received an interim order from the Superior Court of Quebec. On November 2, we ended the go-shop period with no other superior proposal. The other important next step will take place on November 28, during the special meeting of shareholders, where the vote on the transactions will take place. Following the vote, we are expecting the transaction to close before year-end, subject to customary closing conditions being met. To vote, the shareholders can go to www.h2ovote.com, which is a micro website that we created along with the help of Kingsdale, the soliciting agent, and follow the instructions there. That concludes the call today. I will turn it back to the operator for the Q&A session. Thank you. Thank you. Ladies and gentlemen, should you have a question, please press the star followed by the one on your touch-tone phone. If you'd like to withdraw your question, please press the star followed by the two. If you're using a speakerphone, please lift your handset before pressing any keys. Again, to ask a question, press star one. There are no questions at this time. I will turn the call back over to Frédéric Dugré for closing remarks. Well, thank you. As a closing comment, well, I just want to thank all our shareholders, the retail, institutional brokers, IAs, portfolio managers, analysts, friends and family and employees for their contribution and continuous support and trust during all these years. You definitely contributed to our growth, the execution of our business plan, and to the tremendous value creation. You made our vision come to reality and allow us to meet our aspiration as entrepreneurs. Thank you very much. I wish you a great day. Ladies and gentlemen, this concludes your conference call for today. We thank you for joining, and you may now disconnect your lines.