Greetings, and welcome to the MiX Telematics fiscal second quarter 2022 earnings conference call. At this time all participants are in a listen only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I'd now like to turn the conference over to your host, Mr. John Granara, Chief Financial Officer for MiX Telematics. Thank you, sir. You may begin. Thank you, and good morning, everyone. We appreciate you joining us to review MiX Telematics earnings results for the second quarter of fiscal year 2022, which ended on September 30, 2021. Today, we will be discussing the results announced in our press release issued a few hours ago. I'm John Granara, MiX's Chief Financial Officer and I'm joined by Stefan Joselowitz, or as many of you know him, Joss. He is President and Chief Executive Officer of MiX Telematics. During today's call, we will make forward looking statements related to our business, which are subject to material risks and uncertainties that could cause our actual results to differ materially. For a discussion of the material risks and other important factors that could affect our results, please refer to those contained in our Form 10K and other SEC filings, all of which are available on the investor relations section of our website. We will also be referring to certain non-GAAP financial measures. There's a reconciliation schedule detailing these results currently available in our press release, which is located on our website and filed with the SEC. With that, I will turn the call over to Joss. Thanks, John, and thanks to all of you for joining the call today. MiX's second quarter financial results reflects continued improvement across our business and encouraging signs in some of our key end markets. We delivered our second consecutive quarter of year-over-year revenue growth and subscriber expansion since the start of the pandemic. Although market conditions have not yet returned to pre-COVID levels, our performance in the first half of the year is a clear demonstration that MiX is trending in the right direction. Our stated upfront number one objective for fiscal 2022 to return to growth and we are delivering on that goal. Looking beyond fiscal 2022, we see a number of encouraging market trends that we believe will support our ability to drive steady improvement towards our long term financial targets of 15%-20% constant currency subscription revenue growth and 30% adjusted EBITDA margins. We will continue to manage the business prudently through the near-term challenges while ensuring that we are making the right product and go to market investments to fully capitalize on our growth opportunities when market conditions return to normal. I will quickly summarize our financial and operational results for the second quarter. We ended the quarter with a total base of 766,000 after adding 16,700 net new subscribers. This is nearly double the number of subscribers we added in Q1. Subscription revenue was $30.9 million, a 2.9% increase year-over-year in constant currency. Notably, our annual recurring revenue or ARR ended the quarter at $128 million, up 2.5% sequentially and a 5% improvement year to date in constant currency. Adjusted EBITDA was $7.9 million at a 21.9% margin, which was in line with our expectations for the quarter. I'd now like to highlight some of our key wins. A large multinational customer in the construction industry renewed their global contract with us for another three years. We now help them manage over 9,000 vehicles and drivers in 18 countries. We signed a new win with McGill's Group, the largest independent bus operator in the United Kingdom, who chose MiX as its connected fleet provider. McGill's will be deploying our premium fleet and MiX Vision AI powered camera solution into their buses as part of its efforts to improve driver training, compliance, safety and overall efficiency. Newmont, a worldwide mining leader, has signed a global agreement with us covering North and South America, Africa and Australia. Their aim is to improve overall fleet safety and compliance, reduce driver risks associated with remote site operations, and enhance operational efficiencies. Intercape, the largest intercity bus operator in Southern Africa, renewed and expanded its agreement with MiX for a fleet of over 300 vehicles for another five years. Intercape utilizes MiX's premium solution, including MiX Vision AI, to alert drivers and managers to unsafe or risky driving behavior that impacts road safety. We signed a multi year extension with a major Australasian logistics company to deploy MiX Fleet Manager and MiX Vision to its 3,700 vehicles and assets. With our platform, this customer's been able to increase safety and fleet utilization, simplify regulatory compliance and seamlessly connect ten million trips worth of driving data into their business systems. OMV Petrom, a large energy sector operator and long standing client of MiX, has upgraded their solution and renewed their contract, providing another long term commitment for their full fleet in Romania. Overall, we are pleased with the improvement we saw in sales activity in the quarter. We continue to see strong growth in our pipeline across regions and product categories and are now starting to see sales cycles normalizing in certain sectors as fleet customers gain confidence in the business outlook. Looking at our performance by solution category, our premium fleet business was the biggest contributor to subscriber adds during the quarter. We were particularly pleased with early signs of improvement in the energy sector. One of our largest oil and gas customers started adding back some of the vehicles they had previously parked during the COVID-19 downturn. There are early signs for this market that it continues to be difficult to gauge the rate and pace of improvement going forward. We enjoyed a solid performance from our light fleet business. Growth subscriber adds continue to track well versus pre-pandemic levels, and we are seeing continued improvement in churn amongst this customer base. Our asset tracking results were mixed during the quarter. The B2B portion had a strong performance driven by meaningful subscriber increases amongst leasing customers. Conversely, the consumer portion experienced some challenges in South Africa. As you may know, South Africa experienced a few weeks of civil unrest in July, which resulted in many businesses pulling back from operations and exacerbating the near term financial challenges faced by some consumers. This impacted our performance in the region for the first two months of the quarter before improving in September. Our expectation is for further improvement in the third quarter as the economy rebuilds. One of our key areas of focus this year is investing in our growth initiatives around product development and our go to market efforts. We recently made two announcements that reflect important progress for the business. The first is the release of our new dashboard solution, which provides enhanced embedded analytics and insights to fleet customers. We have long been able to support third party visualization and analytics tools on our open platform, but now users can enjoy an improved, fully integrated experience that harnesses the power of the data we collect every day. This is a great example of how we continually evolve, extend and enhance the capabilities of our platform to provide greater value to customers. The second was the recent announcement of our collaboration with Ford. This will enable companies with Ford vehicles to subscribe to some of MiX's premium fleet services without the need to install our telematics hardware. It reduces the upfront costs, shorten sales cycles and makes it quicker for customers to go from making a decision to deriving the benefits from our solutions. We believe OEM data integrations are an important evolution in the market that could eventually eliminate the need for the installation of third party hardware in a vehicle, which would increase the time to value, lower the cost of telematics investments, and ultimately lead to accelerated growth in our space. These announcements are further evidence of our ability to invest in our strategic initiatives while continuing to deliver high levels of profitability. Effectively balancing these two priorities is a core competency of our team and we believe we are striking a smart balance between the two. Our investments will ensure that we are well positioned to maximize on the significant long-term opportunity we see for our business. As we enter the second half of the year, we continue to track well against our full year financial objectives of mid to high single digit constant currency subscription revenue growth, low double digit annual recurring revenue growth and adjusted EBITDA margins in the low to mid20s. We are optimistic the business environment will continue to improve over the course of the year, but we are mindful of the many potential economic and public health concerns that remain real challenges for customers. We also continue to navigate the current challenges facing the global supply chain. Throughout the year, we have taken proactive steps to secure the necessary components for our core hardware products. We have ample supply for the coming months, but recognize that sourcing inventory is getting harder and more expensive. Thankfully, close to 90% of our revenues are for providing recurring software services and as such are immune from the current supply chain challenges. Nonetheless, this is a situation that we are managing and monitoring closely. Let me wrap up by saying we are pleased with how we have performed in the first half of the year. We are benefiting from improved market conditions and strong execution. We are on track towards delivering our full year financial objectives, and we are well positioned to accelerate growth and profitability over time. I want to thank the MiX Telematics team around the world for all their hard work. I would now like to turn the call back over to John to review our financial results in more detail. John? Thanks, Joss. I'd now like to turn to our financial results for Q2. Please keep in mind that all figures refer to the second quarter of 2022 and all comparisons are for the year-over-year changes unless I say otherwise. As a reminder, the majority of our revenues are derived from currencies other than the US dollar. The South African rand strengthened against the US dollar compared to the second quarter of fiscal year 2021, contributing to a 9% increase in our reported revenues. Starting with the P&L, total revenue came in at $36.1 million and subscription revenues were $30.9 million, an increase of 7.6% and 2.9% on a constant currency basis, respectively. The year-over-year increase in subscription revenue was driven by a combination of net subscriber adds and ARPU expansion. We ended the quarter with 770,200 subscribers, a sequential increase of 16,700. The growth in subscribers this quarter was primarily driven by our Premium Fleet and Light Fleet customers. Joss mentioned, we are seeing improving trends in these businesses. ARR, which we believe will be a more meaningful indicator of our growth this fiscal year, was $128 million at the end of the second quarter, growing 2.5% sequentially on a constant currency basis. Hardware and other revenue of $5.2 million were up 56% year-over-year. We had a good hardware quarter, which was driven by large wins in recent quarters. Hardware and other revenue represented 14% of total revenue compared to 11% in the second quarter of 2021. As a reminder, hardware and other revenues can be volatile quarter to quarter. Moving on to gross margin and operating expenses. Gross margin was 63.7% compared to 66.7% in the year ago period. Subscription margin remained strong at 70.2%. As we've discussed before, we would expect our blended gross margin to be in the 64%-66% range. Gross margins were modestly below our target range due to the higher percentage of hardware and other revenue. As Joss discussed, disruption in the global supply chain is significantly increasing costs for certain components of our hardware offering. We are working through this issue, but we expect to see continued pressure on hardware margins in the near term. Operating expenses were $19.2 million and were up 20%. The year-over-year increase primarily reflects the return of expenses that were reduced as part of our response to COVID-19 in fiscal 2021 and the strengthening of the South African rand, which the majority of our expenses are derived from. Joss mentioned, we are focused on making targeted investments to maximize our long term growth opportunity, and that is also reflected in our expense growth. Adjusted EBITDA was $7.9 million or 21.9% of revenue, compared to $8.9 million or 28.7%. We look to the second half of the year, the majority of the incremental expense for fiscal 2022 is now in our expense run rate. As a result, we expect to generate operating leverage as revenue increases in the second half of the year. Non-GAAP net income for the quarter was $2.3 million, down from $3.2 million. The company's effective tax rate was 65.7% compared to 22%. Ignoring the impact of foreign exchange gains and losses, the tax rate was 38.6% compared to 28.4%. There were some discrete items that impacted the tax rate in the second quarter, but we continue to expect it will be towards the upper end of the 28%-30% range that we have guided to for the full year. Turning to the balance sheet, we ended the quarter with $39.8 million of cash and cash equivalents compared to $46.1 million as of June 30, 2021. In the second quarter, we generated $5.9 million in net cash from operating activities and invested $9.1 million in capital expenditures, leading to a negative free cash flow of $3.1 million. The use of cash includes investments in in-vehicle devices of $6.8 million. Of particular note, ZAR 2.1 million of the in vehicle device investments was related to our MiX Vision AI solution. We have seen strong interest since it was introduced, and we are proactively building inventory levels to support expected demand. We also continue to make proactive investments in inventory to build stockpiles as we manage through the supply chain challenges that Joss mentioned. Our strong balance sheet enabled us to once again declare a quarterly dividend of ZAR 0.04 per ordinary share. Before I wrap up, I would like to provide some additional perspective on our expectations for the remainder of fiscal 2022. As Joss mentioned, we have performed well in the first half of the year and are on track to meet our full year financial targets. While there continues to be uncertainty in specific markets and regions, overall, we are seeing selling conditions improve. We are confident that we will see constant currency subscription revenue growth accelerate in the second half of the year into the mid- to high-single-digit range. From an ARR perspective, we are right on track to hit our full year target of low double-digit ARR growth. In the first half, ARR has grown 5% since the end of fiscal 2021. In terms of profitability, we are on track to deliver another strong year with adjusted EBITDA margins in the low to mid 20s. As Joss mentioned, we are increasing investments this year in our growth initiatives, and we are absorbing the normalization of some costs that were temporarily reduced last year in response to COVID. We've clearly proven our scalability of our business model over the past two years, and we are very confident in our ability to expand our adjusted EBITDA margin to 30%+ over time. We are excited about the opportunities ahead for MiX and we are comfortably back to growing the business and focused on building upon our recent success. With that, we'd like to open up the line for questions. Operator? Thank you. At this time, we'll be conducting a question and answer session. If you'd like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star two if you'd like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. Our first question comes from the line of Matthew Pfau with William Blair. Please proceed with your question. Hey, guys. Thanks for taking my questions. I wanted to first start out on the supply chain. Just to be clear, has the ability to source hardware impacted any deals yet? You know, secondarily, you have the MyMiX product. Is there any ability to leverage that to help alleviate some of the supply chain challenges? Thank you. To the first part of the question, no, we haven't had any deals yet impacted by any supply chain issues. Let me also be clear that certainly as we see out over the coming months, we are not expecting any disruptions. The point we were making is that we're clearly in the midst of a global crisis and anybody who's in the electronics procurement and production industry are facing these kind of challenges. We are managing it. We find that what we do know, it's getting harder and it's getting more expensive and we have to manage and navigate through the situation the way we've done, I guess, since it began. We'll continue to do that. As to the second part of the question, yes, we could certainly leverage the kind of benefits that we get on a, you know, hardware free solution. Bear in mind, however, that a lot of our deals that we're doing are on the premium fleet side, which encompass more than, let's call it, the basic telematics service, referring, for instance, to the MiX Vision AI kind of solutions. The good news is that we're seeing strong growth in our pipeline for our top end premium solutions, and those can't be replicated by an app-based service at this stage. We'll manage the situation as best we can. Great. You know, the Ford OEM integration is pretty interesting. Maybe just you could expand on that in terms of are other OEMs receptive to similar type collaborations? You know, is there any pushback from OEMs in terms of creating these kind of partnerships? Certainly, we have a building portfolio of relationships and we've got a number that are in discussions at the moment that we would expect to announce over coming months or quarters. We certainly see this as an important evolution in our industry with very positive ramifications because we see a world where a tailwind will develop with shortening sales cycles where we don't have the logistics issue of rolling out aftermarket hardware in a customer's vehicle. Medium to long term, we view it as extremely positive. In terms of resistance, I think based on our track record to date we've been pretty successful in breaking down the credibility barrier with OEMs. The one that we just announced, you know, significant global operator vehicle provider. It started off as a tough discussion, but our team did a great job in navigating the early parts of those discussions. They're demonstrating that we are a important player in this space and can add value to our mutual customers. Great. That's all I had. Appreciate it, guys. Thanks, Matt. Thanks for your time, Matt. Thank you. Our next question comes from the line of Alex Sklar with Raymond James. Please proceed with your question. Thanks. Joss, I actually wanna follow up on Matt's question to start on the OEM collaboration. What can you tell us in terms of kind of the additional data value that you can ingest into the platform by the OEM partnership? And I'm curious if any of the OEM deals you're talking about are gonna be exclusive to MiX. And then maybe longer term, how the unit economics change if you aren't having to put the same number of devices in the vehicles. Thanks. Sure. The second part of the question around exclusivity, we don't see this process or this world evolving on a basis of exclusive data. We would expect that these OEMs or the OEMs broadly will continue to view the embedded data as an open opportunity. Having said that, they are very finicky around who they allow access to that data, so it's not an easy process and there's a lot of quality control around it. We don't expect it to be ultimately exclusive to anybody. Getting back to the richness of the embedded data, there's no doubt that the you know, an embedded device by the OEMs has access to everything in the vehicle or everything that they decide it has access to. It certainly gives us a richer layer of data over and above what we could typically access on an aftermarket installation. There is a benefit to our mutual customers in terms of combining that data. Really the third part is, you know, the unit economics is pretty straightforward. We would expect that in most of these instances we pay a fee, a monthly fee for this data. Having said that, it more than makes up for the significant hardware cost savings and logistics hassles that it avoids, both in terms of hardware cost and labor and scheduling installations. Taking a vehicle off the road from a customer's perspective is more than made up for. We're very happy to pay the kind of rates that we've negotiated for this data. The unit economics are great for us and more importantly, for our customers. We certainly expect that for customers that are subscribing to services that require no third party hardware, because not every one of our services can be accessed on this basis. Those that do take it up will enjoy a higher return on investment, obviously because of the unit economics that we don't have to amortize the cost of labor, installation, et cetera. Okay. That's a great follow. So then switching gears to kind of the vehicle add strength, I just wanted to kind of talk about some of the bigger drivers that you can attribute to the bookings activity. If you were to kind of stack rank some of them between safety and environmental and ROI and training, what's really resonating right now that we're seeing the kind of subscriber growth snap back up? It's certainly varies from customer to customer. I've said this before and I'll repeat it. I was very pleasantly surprised during last year at the strength of the pipeline build that we were seeing. In the midst of even the start of the pandemic, when there was high levels of uncertainty, we were seeing clearly some significant contraction from some of our key verticals. At the same time, we were engaging in very exciting conversations with large fleets in a number of different vehicles, in a number of different geographies. That really has continued. To a degree, I'll say even accelerated. Of course, now what we're seeing is we're enjoying the fruits of that pipeline build. I've also said before, pipeline doesn't feed anybody. You've got to convert it into a paying customer. What we're seeing is that, as I said, you know, reaping the benefits of that, of the seeds that we planted last year. We're converting some of these larger deals. We're also seeing customers getting more comfortable with the economic environment that they're operating in. Certainly in certain sectors we're starting to see sales cycles starting to normalize. Most critically, of course, is that the bleeding stopped. Remember, we're reporting net subscriber growth, so that's after any churns for contraction. We did see the bleeding stop in a number of key verticals, you know, most notably the energy sector. We even saw some green shoots of a return to a growth phase in the quarter that we've just reported. Wasn't significant yet, but nonetheless moving positively as opposed to negatively. We're pleased with that. Okay, great. I really appreciate the color. Thanks, guys. Appreciate it. Thank you. Thank you. Ladies and gentlemen, that concludes our question and answer session. I'll turn the floor back to Joss for any final comments. Thanks so much, Melissa. Great job. Thanks to all of you for joining us today. We really appreciate your interest in MiX Telematics. We will be attending Raymond James Technology Investor Conference in early December and of course look forward to speaking to many of you then. In the meantime, I hope you and your families remain safe and healthy. Thanks again for your time and have a great day. Thank you. This concludes today's conference. You may now disconnect your lines. Thank you for your participation.