Ladies and gentlemen, thank you for standing by. I'm Poppy, your Chorus Call operator. Welcome, and thank you for joining the Erdemir conference call and live webcast to present and discuss the full year 2023 financial results. All participants will be in a listen-only mode, and the conference is being recorded. The presentation will be followed by a question-and-answer session. Should anyone need assistance during the conference call, you may signal an operator by pressing star and zero on your telephone. Please note, Ereğli Demir ve Çelik Fabrikaları T.A.Ş. Erdemir may, when necessary, make written or verbal announcements about forward-looking information, expectations, estimates, targets, assessments, and opinions. Erdemir has made the necessary arrangements about the amounts and results of such information through its disclosure policy that has shared such policy with the public through the Erdemir website, in accordance with the Capital Markets Board regulation. As stated in related policy, information contained in forward-looking statements, whether verbal or written, should not include unrealistic assumptions or forecasts. It should be noted that actual results could materially differ from estimates, taking into account the fact that they are not based on historical facts, but are driven from expectations, beliefs, plans, targets, and other factors which are beyond the control of our company. As a result, forward-looking statements should not be fully trusted or taken as granted. Forward-looking statements should be considered valid only considering the conditions prevailing at the time of the announcement. In cases where it's understood that forward-looking statements are no longer achievable, such matter will be announced to the public, and the statement will be revised. However, the decision to make a revision is a result of a subjective evaluation. Therefore, it should be noted that when a party is coming to a judgment based on estimates and forward-looking statements, our company may have not made a revision at that particular time. Our company makes no commitment to make regular revisions, which would fully cover changes in every parameter. New factors may arise in the future, which may not be possible to foresee at this moment in time. And at this time, I would like to turn the conference over to Ms. İdil Önay Ergin, Investor Relations Director. Ms. Ergin, you may now proceed. Thank you very much, Poppy. Good afternoon, everyone. Welcome to our conference call and webcast of Erdemir for the last quarter of 2023. Today, our CFO, Mr. Serdar Başoğlu; and our Financial Controller and Reporting Director, Mr. Ulaş Cimbek, are also joining the webcast. First of all, I will go through our investor presentation, which you can find on our website, and you can also follow it through the webcast. Then at the end of this presentation, there is going to be a Q&A session, as usual. Before starting the presentation, I will hand over to our CFO, Mr. Serdar Başoğlu. The line is yours. Thank you, İdil. Good afternoon, everyone. Welcome to our 2023 results conference call, and thank you for joining us today. As usual, our IR director, İdil, will take you through the details of fourth quarter performance of our company by the presentation. But before starting our presentation, I would like to highlight some of the important developments in 2023 and the market expectations for 2024. Actually, 2023 was a year in which both sad and happy events occurred together. The earthquake disaster caused a lot, lot of damage in our country and our company. Despite the magnitude of the earthquake, we recovered very quickly after the production was suspended for approximately three months at our İsdemir facility, which located in the earthquake zone. With the extraordinary efforts of our colleagues in the region and returned to pre-earthquake levels as of third quarter. So, as you all know, we reached an agreement on the İsdemir insurance claim, advanced payment of $100 million. This amount was reflected as income in our third quarter financial statement and paid in the last quarter. The total payment amount has not been clarified yet, but necessary efforts are being made to collect the total claim payment in the first half of this year. We were proud to announce the commissioning of the new second blast furnace in Ereğli. Our company aims to increase efficiency by reducing costs and contribute to sustainable production with the new second blast furnace. When we look at the Turkish steel market, the extraordinary increases in imports continued from South Korea, Japan, Indonesia, and especially from China, which focused on our exports due to economic stagnation in its domestic market. Turkish flat steel sector has also struggled with sharply competitive pricing by Asian suppliers, which has caused a decrease in the export share of Turkish producers. Consequently, the steel export- import coverage ratio of the Turkish steel industry fell to 57 from 290, as import volumes increased by 16%, despite the sharp decline in export volumes in 2023. Despite all the difficult conditions in the market, we achieved to generate $643 million EBITDA and $170 million net profit in 2023. In 2024, we aim to continue our production at full capacity. After commissioning of the new second blast furnace in Erdemir, the new first blast furnace in İsdemir will also be launched in the second half of this year. We focus on cost-cutting, self-sufficient investments aimed at increasing our internal efficiency. We expect the steel industry to have a more stable year, depending on the developments in China. We aim to achieve over 8.2 million ton sales in 2024. So I will be with you at the end of the presentation. So now I would like to hand over the mic to our investor relations director, İdil. İdil, line is yours. Thank you, Mr. Başoğlu. Our presentation consists two sections, as you already know. The first one is the market overview, and then the financial results. So let's start with the commodity prices. On page three, you will see the prices of steel-related commodities and HRC. Let's take a look at coking coal, iron ore, scrap, and HRC prices. Price level of coking coal was around $295 per ton at the beginning of the year. It reached its lowest level in May, and then it has gradually increased and reached $314 per ton in spot market as of today. Mining accidents in Australia and China were one of the most important issues that caused prices to remain high in 2023. While activities in the mines were suspended after the accidents, increased controls and precautions in the mine, in the mines where production continued. So iron ore price was around $117 per ton at the beginning of the year, and it has reached $122 per ton today, with a relatively stable trend. In 2023, the Chinese government focused on incentive efforts in order to support weak demand and accelerate economic recovery, after the collapse in the real estate sector. These efforts have supported positive expectations for the recovery of domestic demands throughout the year. On the other hand, expectations that Chinese steel producers will not see an acceleration in production levels after the holiday caused a decrease in iron ore prices last week. After reaching its highest level with $665 per ton in March 2022, the current scrap price is in the range of $350-$450 per ton. The decrease in global scrap consumption in 2023 is due to the declining steel production in Turkey and South Asian markets, and the decline in global scrap trade. At the beginning of 2024, Turkey's imported scrap price increased to $420 due to the seasonal weak scrap flow and high scrap collection costs. On the bottom right, we show HRC prices in Black Sea, China and South Europe. HRC prices, which peaked in March 2022 due to the Russia-Ukraine war, are already normalized. Global HRC prices weakened due to the fact that the expected recovery in China did not fully materialize, and the slowdown in the manufacturing industry sectors. In the second half of 2023, HRC prices were stable under the pressure of high interest rates and weak global demand. On page four, you will see the production, consumption, exports and imports figures of Turkish steel markets for the twelve months of 2023. While steel production remains at the same level, steel consumption reached a record level of 38.1 million tons with an increase of 17%. Despite the world crude steel production remains stable at 1.8 billion tons. Turkish crude steel production decreased by 4% and negatively differentiated from the world steel industry. While exports decreased by 31% in 2023, the increase in imports by 16% caused the export-import coverage ratio, which was 90% in 2022, to fall to 57% in 2023. So let's take a look at the financial results and the operational metrics. On page 6, you will see the brief summary of our 12 months results. Despite the earthquake disaster, we achieved $6.2 billion revenue and we generated $643 million EBITDA. On page 7, you will see the operational indicators of our company. As you all know, due to the earthquake that occurred on February sixth, we lost approximately 3 months of production and 600,000 tons of sales. All the decreases you see on this page are related with the situation. We have gradually recovered in the last 2 quarters. The crude steel capacity utilization ratio in the second and third quarters was approximately 80%, and our fourth quarter capacity utilization ratio was above 90%, as it was before the earthquake. Our production and sales returned to normal levels as of the third quarter. Both, both our production and sales tonnage reached over 2 million tons in the fourth quarter. So let's take a look at the segmental breakdown of domestic sales and export volumes in page 8. As you can see from the pie charts, there has been a change between sectors due to the effect of markets and demand conditions when we compare to last year's breakdown. There has been a transition from the pipe and profile, and rolling, and auto industry to distribution chains. We see similar situation in the long products. There has been a transition to industries that use value-added products and have higher profitability margins. As I mentioned in the previous slide, the unusual decline in export is mainly caused by the earthquake. On page nine, breakdown of revenue for domestic and export sales. 87% of the revenue comes from domestic sales in line with the domestic volume. The decline in annual sales revenue is mainly caused by the earthquake. The decline in EBITDA per ton due to the earthquake recovered very quickly. I would also like to point out that in order to be able to compare with other quarters, the effects of inflation accounting are not included in the EBITDA per ton calculation. In 2024, we expect to see above $100 per ton. Despite all the difficult conditions in the market, we achieved to generate $643 million EBITDA and $170 million net profit in 2023. Net profit of $345 million was achieved in the last quarter due to the increase in sales tonnage in EBITDA, and deferred tax revenues as a result of inflation adjustments in legal financials. On page 10, you can see how we reached to net profit from EBITDA. The largest item was the depreciation, which was $222 million in 12 months. The other major item in this chart was financial expenses, which are high due to the operational foreign exchange loss, and tax expense was $190 million. After other expenses, net profit was $170 million. In the graph below, you can see EBITDA to change in cash bridge. There is a release of $100 million in working capital. Also, we spent around $1.1 billion to capital expenditures in 12 months. This amount also includes advances paid for the capital expenditures as well, and that you will see the difference between the CapEx page in page 13 and this one. $475 million credits was mainly used for net working capital and investments. On page 11, you will see historical trend of financial borrowings and net debt. When we look at the 12 months of 2023, our net working capital remained almost stable compared to the end of last year. There was a decrease in inventories and trade receivables due to the decline in prices. Our net debt position was $1.5 billion at the end of the year. Due to the non-operational costs incurred because of the earthquake, low EBITDA was realized, and with the ongoing capital expenditures, the net debt EBITDA ratio was 2.3x. We expect that the EBITDA will increase and net debts will remain stable for the rest of the year in 2024, and net debt EBITDA ratio will decrease below 2x again. Slide 12 represents our cost of sales breakdown. Due to the increase in production after the earthquake, our raw material usage increased, and due to the price decrease, the biggest change was in coal. The use of imported semi-finished products, which is imported slabs, increased due to the halt of production at İsdemir for 3 months due to the earthquake. Page 13 represents the historical CapEx spending. Total CapEx spending was $977 million in 12 months. When we add the advance $147 million to the figure, we reach the investment expenditures of $1.1 billion. After commissioning of the second blast furnace of Erdemir in October 2023, the new first blast furnace in İsdemir will also be commissioned in the second half of this year. We expect that CapEx will reach up to $1 billion again in 2024, with maintenance and other ongoing investments. On page 14, we are proud to announce our net zero roadmap last month. We aim to reduce carbon emissions per ton by 25% by 2030, 40% by 2040, and achieve net zero emissions by 2050, compared to the base year of 2022. We plan to spend $3.2 billion for transformational investment of Erdemir and İsdemir by the end of 2030. Seventy, eighty percent of the $3.2 billion investment will be sourced externally, utilizing easily accessible financial resources for the green transformation. Erdemir and İsdemir crude steel capacity will reach 13 million tons by 2030. Now we may continue with the Q&A session. We will be delighted to answer your questions with Mr. Serdar Başoğlu. Thank you for listening. Ladies and gentlemen, at this time, we will begin the question and answer session. Anyone who wishes to ask a question may press star, followed by one on their telephone. If you wish to remove yourself from the question queue, then you may press star and two. Please use your handset when asking your question for better quality. Anyone who has a question may press star and one at this time. One moment for the first question, please. As a reminder, if you would like to ask a question, please press star and one on your telephone. Once again, to register for a question, please press star and one on your telephone. Ladies and gentlemen, there are no questions at this time. I will now turn the conference over to Mr. Başoğlu and Ms. Ergin for any closing comments. Thank you. Hello, everyone, again. Thank you for joining us today. We hope to see you next quarter's call. Have a nice day. Thank you very much. Thank you. Ladies and gentlemen, the conference is now concluded, and you may disconnect your telephone. Thank you for calling, and have a good afternoon.