Hello, good morning, and welcome to Mintra's Q3 2021 business update. I'm Kevin Short, CEO here at Mintra. Joining me this morning is Torbjørn Blom-Hagen, our CFO. It's gonna be our pleasure to bring to you our Q3 2021 results. If I can start by looking at the summary for quarter three and the main headline would be that we have been maintaining our profitability. Our Q3 revenues, when we compare quarter three, 2021 to 2020, have increased from NOK 49 million to just under NOK 58 million. Corresponding EBITDA has grown over the period, coming in at NOK 15.8 million on Q3, delivering an EBITDA margin in excess of 27%. We finished the quarter with a strong cash position of NOK 176 million on our balance sheet. If you consider some of our strategic initiatives, perhaps one of the most important one was to penetrate and take market share in the maritime sector. During quarter three, we achieved that with some significant contract wins in both Europe and Asia. We enhanced our strategic partnership, bringing in VIRSEC® and Bureau Veritas, giving us an undeniable maritime offering to excite customers to come over to Mintra. We were also awarded the Gold accreditation from the Learning and Performance Institute for both our content and our technology. We also strengthened our leadership team with Torbjørn, our CFO, and then backfilling the Chief Commercial Officer, my old position, with Kjetil Flood. Both gentlemen bring unbelievable power to the management team here at Mintra. When we think about Q3, it demonstrated that we are growing our revenues and that we are maintaining our profitability. Over the next 10 minutes or so, Torbjørn and I are gonna talk to you about our strategy, dig into the operational achievements in quarter three, go through the financial results, look to the rest of 2021, and out into 2022, and then give you time for a Q&A session. As you follow the link to this presentation, there is a chat box, and questions that you can post, and we will get to them at the end of the presentation. I thought I might start with a refresh on Mintra. You know, who are Mintra? Well, we are experts in e-learning and human capital management software for safety-critical industries. We service over 2.2 million system users from 4,000 companies who operate in some of the most challenging environments in the world. We were established here in Oslo in the late 1990s with a network of international offices around the world, allowing us to serve our customers. We are focused on safety-critical, compliance-based industries, with the majority of our customers coming from both energy and the maritime sectors. These are industries where regulatory training is both mandated and requires refreshment on a regular basis. Our deployment model is scalable with a high share of our revenues recurring through both subscription and repeat purchases. When we think about our business model, it is disruptive. We provide a one-stop shop which helps customers both develop by transferring the e-learning skills into their workforce to ensure their safety and compliance, and also develop, whereby we use our HCM software that allows our customers to manage their worldwide workforces in a safe, compliant, and reliable manner. As I mentioned, our revenues in Q3 came from two major sectors for energy and maritime, both giving us 40%. The remaining 20% in Q3 coming from construction, aviation, and the fishing industries. When we think about our revenue makeup, we had in Q3 a strong digital training coming from our e-learning content with 53% of our revenues coming from here. These are from both Mintra courses and courses that are supplied to Mintra by third parties that sit inside our marketplace, which is our ecosystem, which brings all of these courses to all of our customers worldwide. 32% of our revenues came from our systems, our OCS HR platform, and Trainingportal, our learning and competency management system. The remaining 15% came from our consulting services, bespoke, where we build tailor-made e-learning for our customers, and also our manpower services, where we work with our customers to embed our HCM software into their pre-procedures and practices. When we think about our key initiatives that we've pursuing, that movement towards a growing compliance and accreditation, not just of our courses, but of our technology too. Expanding our marketplace with third-party content, but also with the partnerships that come to work in our partnership program here at Mintra. We're looking to increase or monetize the increasing system users that we have on our platforms and diversify into those close, adjacent safety-critical industries, opening up new geographies for us to grow through. All of this growth can be accelerated through M&A. During 2021, we brought on board Safebridge, and when we look at the M&A market, it's a fragmented market with much opportunity for us to bring on new companies into the Mintra Group during 2022. Spending a bit of time focusing on our achievements in Q3. When we think about our maritime sector, clearly the seven key wins I mentioned at the beginning of the presentation, we increased our library by over 100 titles during the quarter, covering the full scope of seafarer training needs. We're so excited about this sector when we look at the addressable market, 54,000 vessels. As we've communicated, we're currently on around 1,800 vessels with a desire to be on 3,400 vessels by the end of next year. Bringing Safebridge into the Mintra Group allows us to cross-sell by focusing this new content on the 650 additional customers that Safebridge brought to us. Again, looking at our strategic partnerships and the importance of bringing this in to give that increased value proposition to new customers as they come to Mintra. I've mentioned VIRSEC® and Bureau Veritas, and we've got the U.S. Coast Guard approved provider, the Northeast Maritime Institute, really increasing that opportunity, and giving that one place that our customers can get all of their maritime training from. When we think about our course library, we can see that it's consistently grown since 2018 through to 2021, with over 2,200 courses available to our customers now. We see a decline from 2020 into 2021 in terms of the number of courses. This is mainly from the training providers that we work with as they consolidate and archive some of their courses. Mintra has a 30% share of those courses, 20% coming from classroom. The classroom function allows our customers to have that single place to get all of their training needs using the Mintra platform as a training management system. The remaining 50% are those third party e-learning courses, which gives us that marketplace which will fulfill all of the training needs of our customers. When we think about our offering and think about what we've done to it in terms of the technology advancements, we have a new identity verification tool, which is a biometric face-matching technology sitting on a number of our courses, giving our customers that confidence that those people that are taking the courses are verified as the actual individuals that need to sit that training. We have a new hourly shift planning module within our OCS, securing three customers in Q3, allowing us to take a dominant position in the Norwegian ferry market. DNV continued to expand their certification of our maritime library, giving us that value-added competitive edge in the marketplace for our maritime library. With Safebridge, the ECDIS, the Electronic Chart Display and Information System, bringing that into Trainingportal and allowing us to deploy that to all of our customers. The LPI accreditation, which I mentioned earlier, you know, really stamps Mintra as an exceptional learning technology provider. Ed Monk, the CEO there, talks about Mintra being put right at the forefront of business excellence and our technology, a real stamp of approval in terms of our value proposition. When we look at our key KPIs for the quarter, we can see the e-learning number of courses we have consistent in over 2,000 courses. The amount of revenue coming from our marketplace in the mid-thirties. You can see a large number of users sitting on our platforms and with our ARR, NOK 108 million, we're in good place. When we look at our predictable revenues, we have 97%. 46% of those, 46% that is truly recurring revenue coming from customers that have long-term contracts with us. The remaining 50% comes from customers that habitually buy their content from Mintra. I'm going to pause there and hand you on to Torbjørn, who's going to take you through the financials. Good morning. Mintra in the third quarter of this year, Mintra delivered NOK 57.7 million, up 17.6% from last year. For the year to date, NOK 179 million, up 10.6% since last year. We've anticipated an even higher activity in the quarter, but see that the COVID restrictions is not being released as expected, at expected pace, affecting our target customers. Despite this, we maintain a stable revenue level and compared to Q2. EBITDA ended at 27.3% for the quarter and 28% year to date. With fairly fixed cost base at and 90% gross margins, minor variations in the revenue obviously hit the EBITDA margins directly. We see that we managed with the transformation of the Safebridge acquisition, that we continue to deliver high results and it pays off operationally and market-wise. On the revenue side, it's e-learning that pulls the carriage. NOK 31 million were in Q3 versus NOK 19 million last year. NOK 94 million year to date versus NOK 63 million last year. The maritime market expansion and the maritime market is expanding, but we see that the growth, as mentioned, is a bit on hold because of the restrictions in the market. On the HCM software side, we've delivered slightly below what we did last year. NOK 18 million in third quarter versus NOK 19 million last year. NOK 57 million year to date versus NOK 65 million last year. It's been particularly challenging this year in the U.K. market for the Trainingportal, where we see due to restrictions that many of our clients have not renewed their subscriptions this year. However, in the human capital management part, the OCS software, we have seen some significant wins and expect that to bring in new recurring revenue for 2022. If you look at the consulting services, it has slowed down this year. NOK 7 million in Q3 versus NOK 11 million last year, and NOK 23 million year-t o- date versus NOK 30 million last year. We've seen consistently a lower demand specifically for bespoke services, tailored content for clients. That's been hanging with us for the whole year this year. On the OCS side, we've again done some good development this year, and we've had some significant contract wins in the end of the quarter that we expect will give us good contribution from next year. On the gross margin side, we see consistently maintain high gross margins in the upper 80%s for our e-learning content and upper 90%s for the software that we deliver. This has consistently been good, and we see, despite the growth and the new acquisition, we maintain those high margins. The quarter has also delivered a positive cash flow. We saw NOK 7.1 million in Q3 versus NOK 9.1 million last year and NOK 28 million year to date. It's EBITDA has the main contribution with NOK 16 million delivered this or NOK 15.8 million delivered this quarter. We see then the R&D spend is a bit up at NOK 5.2 million and NOK 13.3 million year to date. We have had some significant development this quarter and the year to date, both expanding our maritime library, developing new functionality, critical technology, as Kevin, mentioned previously, and also launching new products and modules on the software. Working capital has also developed year to date fairly okay. It's an. We had an increase in quarter NOK 3.8 million for the third quarter NOK 1.5 million year- to- date, and most of that increase is due to a release of deferred revenue and prepaid customer content. We have also seen a slight increase in the number of receivable days for the quarter. In general, as mentioned, we see that our balance sheet is quite strong. We have a strong cash position at NOK 176 million. The equity ratio has also improved for the quarter, up now to 78%. Our loan facilities are lasting until Q2 2023, so we're well set for to take advantage of further growth opportunity. In addition, we have a business model that's front-loaded in terms of customers paying subscriptions at the beginning of the year, which means that we expect this to be significantly strengthened towards the end of the year and beginning of Q1. With that, I'll leave it over to Kevin, to summarize. Thanks, Torbjørn. Okay, so over the next few minutes, I'm going to take you through the outlook and try and explain why we have such excitement, the road ahead of us here at Mintra. We see ourselves really at the cross-section of four fantastic mega trends which are happening in the world today. The increased levels of education, lifelong education that people are pursuing to ensure that their lives continue and blossom. We can thank COVID for this reluctance for people to wanting to get back into the classroom, but to seek that education through digital means across the platform that they choose at the time frames that they want to access that knowledge and that education. In the industries that we serve, there's a higher level of regulation and compliance required, which fits right into our sweet spot. When we think about sustainability, that really affects Mintra in two great ways. Obviously, our solutions are deployed digitally, so we have a low carbon footprint, which allows our customers to access that low carbon footprint when they work with us. But also, when we think about our energy customers as they move towards that energy transformation, towards that sustainability, that involves change in the way that they behave and their work practices. Whenever change happens with our customers, they need training, and they look to Mintra to help them through that journey. If we focus a little bit on maritime and why we get so excited about the digital transformation that is undeniably happening in the maritime sector, we look at some of the quotes that we see there from the Singapore Maritime Foundation. You know, technology is altering traditional maritime jobs and changing the types of skills that are needed by their workforce. This really, again, just plays right into the sweet spot and the products that we have here at Mintra. Similarly, when we think about energy and the transition that I talked about earlier, you can look at the Brunel University in their comments. Companies are prioritizing the retraining of their existing energy workforce as they move along that energy transition, which is really helpful and again, gets us very excited here at Mintra. To summarize Mintra, for us, we see ourselves as a reputable brand. We have a pedigree in maritime, in energy and moving into those adjacent safety critical spaces. We have an agile and truly scalable business model. As Torbjørn, has suggested, we're asset light and a low risk. Our products are essential. They're required. They're not nice to have. Our customers need our products for them to continue with their operations. We deploy those products digitally, allowing us and our customers to have that low carbon footprint. When we think about the market, those mega trends that we have behind us and around us, regulation, increased education, and that energy transition towards sustainability through digitalization makes us realize that we are sitting in a really good spot, right at that cross section, as I mentioned, of that global megatrends. When we think about the rest of this year, the outlook remains very attractive. We're upholding our outlook for the full 2021, indicating that our revenues will be at the same level as 2020, including the Safebridge acquisition. The market potential for our products and services is unchanged and remains attractive, and as Torbjørn, has suggested, we are well-positioned to grow our business. We're gonna pause there and see if there's any questions, and take any questions that may have come through during our presentation. Yeah, moving on to the Q&A. In regards to the market update in October, has anything changed in terms of the competitive situation, pricing, or churn business? For us, you know, nothing has changed in terms of what we see in the market. I think for our competitors things have changed in terms of the reluctance to go into the classrooms with the restrictions, as Torbjørn, suggested, that seem to be hanging on in many of the jurisdictions. For us, we remain optimistic about what we see in the future. Again, as I said, I think we're well-placed to take our share of the market as it comes back. What sort of revenue visibility do you have? Torbjørn? No, I think we have quite good revenue visibility. As we've indicated there, we talk about, you know, 97% fairly predictable revenue, for which about half of that is recurring subscription revenue. We have quite a number of clients which have to buy a certain number of content every year to keep updating their employees, and that gives us a stable base to grow from. You indicated that you have over NOK 175 million in cash on your balance, and now you had that for a long time. What are your plans for these funds? Well, I think that, you know, a part of our key strategy initiative is M&A add-ons. I think that, as a group over the years we've been together, we have grown through acquisition, and we will continue to do that. That is a stated objective of ours. Our guidance has been 1-2 add-ons every single year, Safebridge coming at the beginning of this year. As I suggested, the market is fragmented. There is opportunity. We're currently pursuing a number of opportunities which we would hope to bring into the group in the coming periods. How well do you know your business when you are missing predictions so much in such a short time? I think we know our business very well in terms of what we. I think consistently we've demonstrated that with our revenue growth and our profitability. At the time when we gave the outlook, the change in outlook, it was the prudent thing to do. Things did seem to slow down in the summer due to the COVID restrictions that overhang with people not being able to continue or get back to work as we thought that bounce back would happen. Looking forward, we do see some really good seeds of optimism that are happening in Q4 going forward. As you charge per vessel, the targeted doubling in number of vessels, should that also double the revenue in Maritime? Good question. Not necessarily. Our models are driven by manpower, the number of people on the vessels, so it all depends in terms of the number of people that are on those vessels taking their courses and our modules. It isn't a one-to-one relationship, no. What will be the guidance on financial performance for Q4 and to 2022? Well, we won't give any guidance apart from what we've stated. We believe that 2021, that our revenues will be the same as 2020, and that's all we can say at this point. You're quite focused on growth. When do you think we will see recovering growth? Well, we're seeing some bits of growth right now, you know. As we see in quarter four, some Torbjørn, had mentioned there's a couple of contract wins that we've announced that have come through. We are beginning to see little pockets of growth, so we think it will continue into 2022. That concludes the Q&A. Thank you very much.