Good morning, everyone, and welcome to Skitude Group's quarterly presentation for Q1 2021. My name is Bent Grøver, and I'm the CEO. With me today, I have Ivar Blekastad, the CFO, and Evan Reece, the CEO of Catalate. Today we'll have two presentations, one of the group, and then secondly of Catalate, where Evan will provide a more detailed introduction to that company. At the end, we'll have a Q&A session, and you can post your questions during the talk, and we will do our best to answer that at the end. Skitude Group is a tech company, that together with our resort partners, are trying to improve people's lives. With our partners, we're promoting active lifestyles, facilitating fun for people together with family and friends in arenas operated by our resort partners. This we do by having a closer connection between the guests, the skiers, and the resorts, making sure that they can communicate better, and also to have a more efficient sales channels with the skiers. It's important to have a better understanding of the skiers and the guests to better insight into what makes them tick, what makes them want to buy tickets, and how they sort of want to come back for repeat business. That's where we provide services, intelligence, and products that hopefully convert intent and interest into actual sales and visits. We also simplify the internal processes, the digital processes at our resort partners, to make it more efficient and more easier to then handle the digital platforms across the globe. Finally, it's important to enhance the guest experience, the customer experience. The ultimate measure for us is to make sure that we have more people being more active more frequently at our partners' resorts and arenas. Why is this interesting? Before COVID, the global leisure travel market was about EUR 1 trillion, growing at about 20% per year. We've seen a growing digitization of the travel market due to changing technologies and consumer demands. This has been accelerated in the COVID times, as you've all been aware of using this device more for contactless purchases. Finally, as part of this large leisure travel market, we focused initially on ski resorts and winter destinations. That in itself is an interesting segment, but also, it has less digitization, and this is a bit strange given the fact that this market has more complex products in terms of ski rentals, ski schools, different clothing, and the consumer is also more demanding than the average traveler. We provide solutions to help those resorts tackle those issues. We have a long-term revenue target of EUR 80 million in 2025, and the way we want to reach that target is by building the ultimate skiing ecosystem. How we create value is by buying good companies, putting them into a group where they can focus on what they're best at, where they can flourish. At the moment, we have predominantly three or four brands. It's Catalate, which Evan will come back to later. It's Spotlio, which is a leading provider to the large operators of North America and other destinations in the world. We have Skitude, which is the main native mobile company, together with skioo. Then we have Liftopia.com, which is the online marketplace for sales of lift tickets. Ivar? Yes, thank you, Bent. I'll just quickly summarize the key financials and events from the quarter. Net revenues was NOK 8 million, EBITDA of - NOK 14 million. Cash was approximately NOK 130 million at the end of the quarter, down from NOK 148 million last quarter. From working on aligning the acquired entities from last year, we have added Evan Reece and Albert Ferrando to our group management team. As Bent has pointed out, Evan Reece is heading the Catalate entity, and Albert is heading Spotlio, in addition to Skitude and skioo. Going into the P&L. To start with, I just want to say that summer is low season for a group, it's basically only Catalate and Spotlio that contributed to revenues this quarter. The main cost item, personal cost, is quite stable. We recorded a negative EBITDA of some NOK 13 million. At the bottom right corner there, you can see a breakdown of the revenues in the quarter, most of it is transactional and SaaS, and both of these are classified as recurring. That recurring revenues consisted of some 85% of our total revenues in the quarter. The balance sheet, other than the rest of the effect on equity and the reduced cash, there were really no major changes. I will not comment any further on the balance sheet. The cash flow, it's basically the negative EBITDA of NOK 30 million with some reduction of working capital of some NOK 3 million, giving us an operational cash flow of -NOK 16 million. We have also capitalized the development cost of some NOK 2 million and paid back a little bit of debt. Negative cash flow of NOK 19 million for the quarter. This is main shareholders. There's nothing needed to comment on there. I give the word back to Bent. Thank you, Ivar. We have a strong foundation for further growth, Evan will come into the more details of Catalate. It's important to see the different elements of what we have in the group, where Catalate is the workhorse for selling tickets and passes online. Spotlio is a way of digitizing the whole destinations, while Skitude is the native mobile apps connecting skiers and mountain enthusiasts with the resorts. Spotlio has an impressive list of clients predominantly in North America, where you have the large operators like Vail Resorts. What they have done is to make sure that you can connect different products into one basket. You can have different providers or different types of beds, insurance, and other elements put in. This also, of course, increases conversion rates to make sure that it becomes a simplified and more understandable and comparable views on when you want to transact. It also enables the clients to have better brand identities and to have powerful customization capabilities. Skitude is the leading provider of native mobile apps for ski resorts. What they've done is to make this device a powerful tool for the skiers, but also for the ski resorts to connect and enthuse and engage with the skiers. In summary, our companies are globally recognized brands, where the team has a track record and international network that will fuel further organic growth, but also the group has streamlined optimized organization. We're now ready for bolt-on acquisitions. We are well positioned within an industry with accelerated digitization. Now I'll give the word over to Evan. Everyone, I'm here to talk a little bit about Catalate, one of the portfolio companies in the Spotlio Group. I'm going to start with slide one. Before I get going, however, just a quick introduction to myself. My name is Evan Reece. I was hired in to be CEO of Catalate back in March of 2021 to help scale Catalate's product team and operation. Quick on to slide two, which doesn't have much other than to say what is Catalate, and I'll move pretty quickly forward from there, but want to give you all some context as to why we're here, what our product is, and what our services are. At a very high level, on to slide three, Catalate helps high-volume ticketed attractions, ski resorts, other types of businesses hasten their offline-to-online shift using world-class pricing, e-commerce, and distribution software. Now on to slide four. If you look at the company overall and look at the platform that we've built and are continuing to build, you can think of our business of having three lines. I'll go into each of them a little bit later. Pricing services, direct booking services, and distribution services all used to help drive more online bookings and greater revenue for the partners that work with us. On to slide five, starting with pricing services. You'll notice a trend in all of these that we are trying to drive conversion rate, marketing efficiency, and more sales for our clients. That's what this is all about. On to slide six. Pricing services is really the secret sauce of Catalate. Over the past 15 years, the platform has booked close to $1 billion in GMV and has a very highly structured data set and a proprietary pricing model that we use to help our clients understand opportunities to drive more online bookings and overall revenue. On to slide seven. You can see here a little bit how the pricing services work. They're available via API to any e-commerce engine that clients have in use. We just announced today actually a partnership with Alturos, which is the next platform that we've added so that customers can use our pricing services inside of their e-commerce tools. You can anticipate many more of these coming over the coming months and years. On to slide eight to the next business line, which is full-service e-commerce or direct sales. A focus on conversion rate, marketing efficiency, and more sales for our clients. On to slide nine. What this is our own white label e-commerce software that we've been building for a long time now. What's really kind of nice about this is our business model is transactional, which means that we are honing the UX of our software to drive additional conversion rate all the time because it's in our best interest as well as our clients' best interests. Moving on to the next slide, distribution services. This is to put the inventory and the products that our clients have for sale in front of more people, and again, in an effort to drive more sales for our clients. Moving on to the next slide. To give you a little bit of detail on how that works, you'll notice here that the API infrastructure that we built, which allows our pricing to go into empower direct sales inside of other e-commerce, also allows us to bring our customers new audiences. Currently, we have partnerships with RootRez, Alturos, some independent marketplaces, and have a number of additional distribution points coming, again, with the aim of helping our partners drive greater online sales and overall revenue. In the next months and years, we are focused on scaling the team. We have hired nine of 20 planned new heads in the past six months or so. We plan on having about 42 people by the end of this fiscal year. We're building on a foundation of this new company. We're building a new brand. We're working to scale our partners' businesses. As I mentioned, we're doing a lot of work to expand our partnership base so that our partners, our customers, can put our technology adjacent to the other technologies that work best for them so that they can have the best software suite for them to drive maximum online sales. We're prepping for ongoing scale as we continue to grow the platform into being a large global business. To end with the last slide, our mission statement, we help our partners run their businesses more successfully so people can spend more time doing what they love. We believe that if we can empower our partners to have better businesses, their customers end up having more fun, and that's what this is all about. Thank you very much for having me today, and look forward to checking in later. Thank you, Evan. We'll now do a quick Q&A session. Ivar will read up questions. I will try to answer them. Yeah. Ivar? There have been some few questions. The first one is, can you provide any financial guidance for the upcoming season, revenue costs, M&A, et cetera? We are not providing any guidance at this quarter. There is still also uncertainty regarding the upcoming season. With the vaccination passes, it is easier for Europeans to travel within Europe, and also within the U.S. there is no stoppage for Americans traveling within the U.S. We are hoping and expecting a more normalized season this time around than the previous two seasons. Next question. How do you plan to finance potential acquisitions? Now, of course, there can be different acquisitions, small ones, small add-ons to the existing companies in the group, but also large acquisitions. For the smaller ones, we think we have the finances to do those acquisitions. For the larger ones, it depends. We expect that at some point in the future, when the time is ready, we'll come back to the financial markets and do future fundraising. The last question I have here, for now at least, is does Liftopia have any outstanding debt from before Skitude became owner, which has now been settled? Well, let me just back step a bit. The group bought the assets of Liftopia, Inc. That was in a ABC process in California. What the company bought was the assets in terms of brands, code, data, but also as part of the transaction, there was a takeover of certain types of gift cards. That's the only thing of debt that was taken over, and these gift cards are either being utilized or they will run out because they have a certain date stamp on them. All the other debt that was linked to the bankruptcy process in California is handled by the appointed trustees, Armanino. Yeah. There's another question here. Have you gained or lost any new resorts in the quarter? I can answer that. At least for Catalate and transactional side, there is a net gain on some few resorts. For the others, there have also been some additions, but it's not significant numbers. Could you comment on underlying development versus last year for Catalate? Are revenues up? Comparing revenues from Catalate or Liftopia last year, pro forma-wise, they are quite flattish. Could you please quantify the revenue from the recently announced partnerships? I think we're not able to do that at this point in time. Yeah. I don't think there are more questions. I'd like to thank you all, and we'll see you in three months' time. Thank you very much.