Macquarie Infrastructure Corporation (NYSE:MIC) Q2 2020 Earnings Conference Call - Final Transcript

Aug 04, 2020 • 08:00 am ET


Macquarie Infrastructure Corporation (NYSE:MIC) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the Macquarie Infrastructure Corporation Second Quarter 2020 Earnings Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to turn the conference over to our host Mr. Jay Davis. Please go ahead, sir.

Jay Davis

Thank you. And welcome to Macquarie Infrastructure Corporation's earnings conference call, this covering the second quarter of 2020. Our call today is being webcast and is open to the media. In addition to discussing our quarterly financial performance on this call, we have published a press release summarizing the results and filed a financial report on Form 10-Q with the Securities and Exchange Commission. These materials were released this morning and copies may be downloaded from our website at

Before turning the proceedings over to Macquarie Infrastructure Corporation's Chief Executive Officer, Christopher Frost, let me remind you that this presentation is proprietary and all rights are reserved. Any recording, rebroadcast or other use of this presentation in whole or in part without the prior written consent of Macquarie Infrastructure Corporation is prohibited.

This presentation is based on information generally available to the public and does not contain any material nonpublic information. The presentation has been prepared solely for information purposes and is not a solicitation of an offer to buy or sell any security or instrument.

This presentation contains forward-looking statements. We may, in some cases, use words that convey uncertainty of future events or outcomes to identify these forward-looking statements, including those used to describe the anticipated specific and overall impacts of COVID-19.

Forward-looking statements in this presentation are subject to a number of risks and uncertainties. A description of known risks that could cause our actual results to differ appears under the caption Risk Factors in our Forms 10-K and 10-Q.

Our actual results, performance prospects or opportunities could differ materially from those expressed and/or implied by the forward-looking statements. Additional risks of which we are not currently aware could also cause our actual results to differ. The forward-looking events discussed in this presentation may not occur. These forward-looking statements are made as of the date of this presentation. We undertake no obligation to publicly update or revise any forward-looking statements after the completion of this presentation, whether as a result of new information, future events or otherwise, except as required by law.

During today's call, we will reference to the non-GAAP measures, earnings before interest, taxes, depreciation and amortization, or EBITDA, and free cash flow as defined by us. A reconciliation of these non-GAAP measures to the most comparable GAAP measures can be found in our 10-Q and in the tables attached to our earnings press release.

Also participating in today's call is Macquarie Infrastructure Corporation's Chief Financial Officer, Liam Stewart.

With that it is my pleasure to welcome MIC's Chief Executive Officer, Christopher Frost.

Christopher Frost

Thank you, Jay. And thanks to those of you joining our call this morning. I hope that you and your families will