Good morning, and welcome to Mintra's Q1 2022 results presentation. I'm Kevin Short, the CEO here at Mintra. I'm joined this morning by our CFO, Torbjørn Blom-Hagen, and together it is our pleasure to bring to you the results presentation of quarter one. There is an opportunity to ask questions in the chat function within this broadcast. We'll get to the questions at the end of the presentation. When we think about Q1, it's summarized with that positive momentum that continues to occur here at Mintra. We see that our revenues for Q1 are up to NOK 61 million from NOK 60 million for the same period in 2021, with a corresponding EBITDA of NOK 17.3 million for Q1 compared to NOK 14.7 million for the same period last year. Our EBITDA margin healthy at 28% compared to that 24.5% from Q1 in 2021. We are witnessing an increased market activity with total new order income up by 17% compared to the same period last year, with some significant contract wins across all of our products, especially with 40% increase in our OCS HR. We continue to sharpen our competitive edge by bringing in additional partnerships and gaining some key industrial recognition in terms of our services and our platforms. For partnerships, we brought in Kongsberg Digital, NTC Manila, mybreev, and Mission to Seafarers, making sure that we have a unique offering to all of our customers, giving us that true competitive advantage. With respect to the industry awards that we received, we had recognition for our maritime library, our digital learning platform, and a gold standard for our customer service. We continue to focus on our Safebridge product, ECDIS, the Electronic Chart Display Information System course, making that available offline on Trainingportal, giving us a truly unique position in the market to give us that competitive advantage. We also worked on releasing new modules in our OCS HR platform, giving new functionality to our customer, all of which, in summary for Q1, gives us that continuation of a positive momentum. The rest of the presentation I'm gonna talk to you about our strategy and our operations. I'm gonna hand you over to Torbjørn, who's gonna give you an in-depth analysis of our financial results, handing it back to me, to look at the outlook for the rest of 2022 and into 2023. As I said, at the end of the presentation, any questions that you pose during this presentation, we'll answer at the end. Mintra. We're 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 that operate in some of the harshest and challenging environments in the world. We're a Norwegian company. We were established in 1997, headquartered in Oslo, but we have an international network of offices which allows us to facilitate the needs of our customers throughout the world. Our business model is disruptive with that global reach. It's a one-stop shop, which helps our customers both develop and deploy their workforce. By develop, we mean the transferable e-learning skills, delivering key knowledge regarding HSE and safe working practices. For deploy, that's our Human Capital Management software that allows our customers to manage their workforce on a worldwide basis, ensuring compliance and safe, efficient operations. When we think about our library, we have over 2,340 courses from ourselves and our 67 training partners that exist inside our ecosystem, which we refer to as Marketplace. Mintra has 30% of those e-learning courses, 50% coming from those third party partners. We also have 20% of classroom, giving us that unique opportunity to provide that blended service offering to our customers, giving them all of their training requirements in one ecosystem. When we think about our revenues and the sectors in which we operate, 40% of our revenues come from energy, 40% from maritime, and the remaining 20% coming from those adjacent safety critical spaces in energy and maritime, such as renewables and fish farming. At our products and the revenue split, we can see 50% of our revenues coming from our e-learning content, 35% coming from our systems, which include both OCS HR and Trainingportal, which is our Learning Management and Competency System. The remaining 15% coming from our consulting services, where we develop bespoke, tailor-made training for our customers upon request, and we work with our customers to ensure they get the best out of our systems, OCS HR, as we work with them to improve their procedures and operations, in their companies. Our key growth initiatives, we continue to look to that growing requirement for both compliance and accredited training, expanding that ecosystem in the Marketplace by bringing in more third party content and exciting partnerships for our customers. Increasing the system users, the number of individuals that reside inside our platforms, giving us the opportunity to sell more of our products to these customers. In terms of geographies, we dominate in Europe, but there is opportunity for us to increase our reputation, our reach, and our revenues in other geographies around the world. All of these initiatives are underpinned by a healthy mergers and acquisitions program. A little bit more time on our systems usage, and specifically within Trainingportal, our Learning Management and Competency System. You can see by the light green on the left how we've increased the number of users in quarter one for this year compared to last year and the year before, nearly doubling over that two-year period. If we look at the last 12 months on the right, we can see that we have over 300,000 unique users on our platforms. The trick here is to get those users to make that experience truly immersive and give those users the opportunity to buy more of the products and services that Mintra has to offer. Spending a little bit more time on the increase in sales, we can see that our order income reached NOK 41 million for quarter one 2022, an increase of 17% on the same period last year. We had that 40% increase in our OCS HR sales and one significant sale from a leading offshore service group of NOK 3.9 million. Our digital sales accounting for 33% of our e-learning revenue. Spending a little bit more time on that order income, we can see that markets continue to strengthen. Look at the right-hand side, we can see the NOK 41 million coming from our sales channels as opposed to NOK 38 million for quarter four, which was our biggest quarter for a considerable period. We've given you some more information in this presentation. That dark blue, that NOK 11 million in quarter one is from our digital sales channel. This is our outreach program which we have through our marketing services, which allows and brings in more self-service customers into our Marketplace and to our webshop. We think in the bottom left-hand corner, when you look at our mintra.com sales, you can see that increased gradient that we saw in Q1 with a number of individuals coming on to our platforms and self-servicing, buying their learning requirements in that one platform. Bodes well for us to increase our sales in the future. Industry awards and recognition, very important to us because it allows our technology and our content to stand ahead of our competitors. In quarter one, we received the award of Core Leader from the Fosway Group in digital learning, putting us actually in the same quadrant as LinkedIn. None of our competitors are on this grid, which really allows us to provide this excellent digital learning platform into the energy and maritime sectors. Likewise, we received the gold standard from Feefo with respect to our customer service, and SMART4SEA awarded Mintra their award for the maritime e-learning library winner for 2022. All of this allows us to be a lot more competitive in the markets in which we serve. When we think about strategic partnerships, strengthening that offering that Mintra has, giving us that true unique position, we brought four key exciting partners into our ecosystem during quarter one. Kongsberg Digital, the software and digital solutions for maritime energy and renewables with their K-Sim product, which is a simulation-based product which sits inside our Trainingportal. The Mission to Seafarers, an organization which concerns itself with the welfare of seafarers in over 200 ports and 50 countries, bringing their financial and social well-being e-learning courses exclusively to Mintra inside our Marketplace. NTC, the not-for-profit, Philippines-based organization which allows us to use their technology to give that automated course completion flow through in our OCS platforms. Finally, mybreev, the German-based company known for its engaging content, giving us their 43 well-being and safety and security courses into our Trainingportal and into our Marketplace. All of these together combining to give Mintra that unique offering for our customers across the globe. If we think about our KPIs, we continue to demonstrate the health of our business with the number of courses, as I've said, increasing. That 33% of our sales coming from those digital channels. When we look at the numbers that we have inside our software growing in terms of Trainingportal, growing in terms of OCS and our key financial KPIs with 95% predictable revenues, half of that coming from truly recurring revenues, the other half coming from customers who habitually buy Mintra products and services, leading to annual recurring revenues of NOK 114 million, up from NOK 108 million in quarter four. I'm gonna pause there. I'm gonna hand control over to Torbjørn. Torbjørn's gonna take us through our financial results for quarter one. Torbjørn. Good morning. I'm Torbjørn Blom-Hagen. I'm the CFO of Mintra. I'm gonna present the financial results of the company for this quarter. As Kevin indicated, we are delivered NOK 62 million this quarter versus NOK 60 million last year. That's up a few percentage points. Now we're at an annualized recurring revenue of NOK 114 million as per the end of the quarter one in 2022. Our gross margin are stable at a high level, 87% for the quarter. We also managed to control our cost base good. It's stable, in line with expectations as communicated in Q4. Main part, of course, is the salaries and benefits. As we indicated, we are looking at adjusting our cost base slightly, and we do then see a little bit part of this cost in the quarter being allocated to restructuring and redundancy payments of about NOK 1 million. EBITDA then continues to improve. We're at 28% for Q1 versus 24% last year, and EBIT at 18.5% versus 5.3% in 2021. When we look at the trend over the year, we had a downturn in Q3, but we now see the market returning, and Q4 showed promising result that the trend continues into Q1 for all our segments. E-learning is primarily driver of the growth, 10% up year-on-year basis. It's a growing activity in the market. We see a rebound in energy and we now experience significant wins in the maritime segment. 80% of the growth comes from the maritime segment. We also experience good progress in Asia and building step-by-step our business and exposure to that market. The software side is stable. We see a little decline in the quarter, which has basically two reasons. There was one contract cancellation of NOK 0.5 million, and then there's the two prepaid contracts of NOK 0.5 million, which are reclassified as content subscriptions rather than software. That means the revenue isn't lost, it's just spread over waiting for the client to consume the courses bought. The OCS HR system has really improved in the last quarter. Activity is very high, and we've had significant wins of about NOK 10 million in the quarter, which secures the backlog and will be visible on our quarterly numbers going forward. NOK 4 million in total and NOK 14 million for this segment in the quarter. Our consulting services as a result of the wins within the OCS activity level is up and we're now returning to more of a normalized level of providing consulting services. 16% growth from the previous quarter and in line with Q1 2021. That leads to a very strong operational cash flow for the quarter. EBITDA increased to NOK 17.3 million, which and including then a release of working capital of NOK 27.6 million for the quarter, gets us to NOK 44.9 million in operational cash flow. We had an R&D spend for NOK 3.4 million for the quarter and then ended up with a total cash flow of NOK 41.5 million. Financially, we also repaid some debt, so the cash position as such changed with the NOK 24.6 million up. This leaves us with still a very strong balance sheet. Our cash position now is at NOK 196.5 million with a net negative working capital of NOK 63 million. The equity ratio is up to 76% from 74% last quarter. Our loan facility is now at NOK 88 million, and that will expire in Q2 2023. That leaves us with a very strong balance sheet and enables us to capture opportunities going forward. I will now give the hand back to Kevin, who will take us through the outlook and some of the points going forward. Thanks, Torbjørn. So when we look at the outlook for the rest of this year and into the future, we remain extremely optimistic. We see Mintra occupying that unique position at the intersection of four key mega-trends. That increased level of education that we see in the market as individuals look to increase their capability to allow them to secure better employment. Getting that education in a digital manner across the platform that they require and when the student requires to take that education. We see an increase in the level of regulation of that material allowing the student to demonstrate their skills in a certified and accredited manner to current and would-be employees. Finally, we see the sustainability, the movement towards sustainability, lower carbon footprint, greener, if you will, in terms of our customers, as they change their working practice in terms of the markets that they go into. When there is change, there is a requirement for education and reskilling, and when that happens, they turn to Mintra as a trusted partner in the supply of education. More specifically, when we look at the energy sector, we get excited about the positive trends that we witness. Unfortunately, with what's been happening in global events, there has been a focus on energy and more companies and countries seeking to get more surety in terms of their supply, and we're seeing greater levels of exploration and investment in this sector. Again, when that happens, that positively affects Mintra because there is a need for change, there is a need for reskilling, there is a need for education, and again, that's where Mintra begins to play its part. Likewise, when we think about maritime, we are aware that due to the events of the last couple of years, there is a training backlog in this sector as crew change has not happened. Now there is recognition that that education, that backlog needs to be worked through, and the most efficient and appreciated way of doing that is through the digital techniques, the digital technology. Clearly, with Mintra's awards and Mintra's technology, that puts us in a very good place to help with crew managers and ship owners reduce this training backlog. When we think about Mintra, we have a reputable brand in the industries that we service. As Torbjørn has shown you, we are agile, extremely scalable, asset light, and a low risk. Our products are essential. They're not nice to have. Our customers need our products, and there's an increasing need to get those products across a digital platform to allow them to reduce their carbon footprint and to behave more efficiently against a marketplace where we know there's more levels of regulation, desire for increased education, and that transition of energy through, digitalization towards more sustainability means. In summary, the outlook for Mintra remains attractive. We have a strong commercial pipeline with many longer term contracts. The market potential for our products and services is unchanged and remains attractive, and we believe that we are well-positioned to achieve growth during the rest of 2022 and beyond. We're gonna pause there, and we're gonna take the questions that have come through. That concludes the presentation part. Now over to the questions, and I will start with you, Kevin. You have three revenue segments. How are these connected? Well, they are very much connected and I think that gives us our unique model that we have in the market. If we think about the way customers possibly come to us, we need manpower, people at work to drive our revenue. If you think about our HCM platform, that generally brings a lot of people on the vessels, et cetera, into our world, onto our systems. Once they're inside that world, we've got the opportunity to sell them the e-learning that we have specifically in this example with respect to maritime. As they get to work with us more and more, we've got the opportunity then to work with our consultants to ensure they get the best out of our OCS platform. Also, if they require, we can build them some of their own bespoke training. All three fit very nicely together. Maybe not in that order, but that's an order of an example. If you think, I guess, in OCS, approximately 40% of our OCS customers go on to take our e-learning content as well, so they are very much connected. You have mentioned redundancies and restructuring. What led to this, and what changes took place? Torbjørn, do you wanna answer that one? You repeat that question, please? Yeah. You have mentioned redundancies and restructuring. What led to this, and what changes took place? Well, as we indicated in Q4, we're looking at our cost base to make it a little bit more flexible and be able to vary it in line with market demands on specific services. There are some adjustments that we made to that, specifically within the consulting and content part, where we've had seasonal and variations across the year and a change in demand. We've had some restructuring costs related to that, so we expect the cost base now to be in a steady pace going forward. We hear you talk about the relevance of the Fosway 9-Grid Recognition. Why is this recognition significant? Yes, it is significant for us. It's independent and if you look at the Fosway Group, we have it on our website. The actual grid puts us in a really, you know, enviable position in terms of the capability and the growth opportunity that we have as a platform. We're referenced in there, you know, as I said with LinkedIn. That doesn't mean they've got anything to do with the business that we're in. In terms of, you know, our capability and their capability, it puts us in that key part. Also for us, you know, it is when we look at taking on new customers, getting that external sort of accreditation, that external reference allows us to demonstrate that our platforms are extremely strong and that we are a core leader in digital learning. For us, it's an important and we're very pleased to receive that award from them or that positioning on their grid. We have several questions coming from the audience. Let's go to one of them. In regards to your M&A program, please provide or could you provide an update on your current situation? Do you still guide on one to two acquisitions annually? Yeah, I guess. [crosstalk] Sorry. Go ahead. No, Torbjørn, sorry. Please go. I guess our ambitions are still very much alive. I think last year we saw pricing being quite challenging in the market. We see that change significantly now, and we see several opportunities in the market, and we do expect to deliver on our obligation or on our ambitions this year as well. Then we have a split question. I will read it, and you can figure out which one of you to answer first. Your HCM software segment saw a negative growth in Q1 2022. But you still highlight 40% order intake growth in OCS HR. Does this mean that is Trainingportal that is struggling the most? What competitor is taking customers? Well, I mean, we distinguish between the, you know, the recognized revenue and the order intake. The order intake is, has been very strong for both the Trainingportal and the OCS this quarter. We see an increased demand for these type of services. There of course is a lag from the order intake until it hits the recognized revenue. We achieved NOK 10 million in order intake for OCS that we think will secure and build our future software income, as well as with the Trainingportal. Trainingportal is of course in a little bit more higher competitive environment. Those are specifically some of our competitors that are previously been dependent on our system are now trying to launch their own. There is a competition in that market, but we see that we still have a very, very strong position, and we expect to grow that revenue going forward. Perfect. I think that answers the questions. I think the only bit at the beginning is that, you know, between the OCS and Trainingportal, NOK 10 million from OCS, but we did get NOK 4 million from Trainingportal as well. Yep. That's in that NOK 14 million that we got new in quarter one. Comment on the growth this quarter. For us, I think you know, the growth is there. It's probably not at the level that we would be pleased about. But what we are pleased about, as Torbjørn kind of referenced just a second ago, is that our order intake and our pipeline is extremely healthy and looks strong. What that means is that in the coming periods, that revenue will start to hit our numbers. I think it's the activities that we saw in Q4 that we've continued to see in Q1 demonstrate the growth is about to come inside our numbers in quarters that come through 2022. With e-learning seeing 80% of its growth from maritime, do you see even higher growth rates throughout the year or due to the higher energy activity? I guess the simple answer there is yes. We do. You know, our focus has been on maritime. We built the library last summer. We've seen some excellent results in terms of the way that we're recognized in terms of our maritime, the content, but also in terms of the way new customers are talking to us. With what's going on, as I referenced, and as we all know, in the energy sectors, we do see that there is opportunity. Cautiously optimistic, I think, is the phrase that we use. Yes is the simple answer. We can see growth in users on Trainingportal and OCS HR has increased order intake of 40%. There seems to be growth on these portals. However, the HCM software revenue struggles. Could you please explain? Do you wanna answer? Go ahead, Torbjørn. Yeah. Again, there is a lag between the order intake and the revenue recognition. We see results of some well, part of the decline this quarter is a reclassification of two contracts that were previously on the software subscription now moved to content subscription. They will turn up. They're not lost, but they will turn up on a different revenue segment. As I indicated previously, it is more competitive in the Trainingportal, so we will see variations. We also have a dynamic in the U.K. market where clients demand sort of an explicit renewal every once a year or every 12 months, which means that we do see some clients not renewing or not using the platform for a month or two and then coming back. We may see variations as a cause of that. Generally, we've seen much less of that now than we did last year, and we expect that revenue part to improve. Thank you, Kevin and Torbjørn. That seems to be the questions part of this, quarterly presentation. Thank you. Thanks for the questions and, yeah, thank you very much for your interest today.