AquaVenture Holdings Limited (NYSE:WAAS) Q4 2018 Earnings Conference Call - Final Transcript

Feb 27, 2019 • 08:00 am ET

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AquaVenture Holdings Limited (NYSE:WAAS) Q4 2018 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good morning, and welcome to the AquaVenture Holdings Fourth Quarter and Full Year 2018 Earnings Conference Call. Today's call is being recorded, and we have allocated time for prepared remarks and Q&A.

At this time, I'd like to turn the conference over to Courtney Denihan, Investor Relations at AquaVenture. Thank you. Please go ahead.

Executive
Courtney Denihan

Thank you, operator. Good morning, everyone. We released our earnings press release this morning and posted a slide presentation to the Investor Relations section of our website at investors.aquaventure.com. We will be referencing the slides during this call. Today's speakers are Tony Ibarguen, Chief Executive Officer; Doug Brown, Chairman of the Board; and Lee Muller, Chief Financial Officer.

Before we begin, let me remind everyone that this call may contain certain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include remarks about future expectations, beliefs, intentions, goals, strategies, plans, or prospects, including without limitation, statements relating to AquaVenture's strategic focus, our forecast of full year 2019 financial results, expectations regarding financing plans or capital raising and our ability to access capital markets, expectations regarding future business development and acquisition activities; expectations regarding performance, growth, cash flows and margins from recently completed and pending acquisitions; the impacts on operating results of the timing, size integration and accounting treatment of acquisitions and other business development activities; our ability to capitalize on the vertical integration capabilities; statements relating to AquaVenture's ability to complete the proposed acquisitions on the terms or in the time frames currently expected; the ability of the conditions to closing to be satisfied or waived; AquaVenture's ability to successfully integrate and operate these acquired businesses or assets and to achieve the expected financials, including EBITDA contributions from them.

Such statements are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from those indicated or implied by such statements. Such risks and other factors are set forth in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 12, 2018, and in our subsequent filings with the Securities and Exchange Commission. We do not undertake any duty to update such forward-looking statements.

In addition, during today's call, we will discuss non-GAAP measures and other key metrics, which we believe can be useful in evaluating our performance. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of the non-GAAP measures to the most comparable GAAP measure can be found in our earnings release.

I would now like to turn the call over to our Chief Executive Officer, Tony Ibarguen.

Executive
Anthony Ibarguen

Thanks, Courtney. Good morning, and thank you for joining us on today's call. I'd like to start today's call by commenting on some highlights from AquaVenture's fourth quarter and full year 2018, as well as the operational highlights of our Quench segment. Doug will then provide an overview of the