Cascades Inc (NYSE MKT:CAS) Q2 2020 Earnings Conference Call - Final Transcript

Aug 06, 2020 • 09:00 am ET


Cascades Inc (NYSE MKT:CAS) Q2 2020 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good morning, my name is Joanne and I will be your conference operator today. At this time, I would like to welcome everyone to the Cascades Second Quarter 2020 Financial Results Conference Call. [Operator Instructions]

I will now pass the call to Jennifer Aitken, Director of Investor Relations for Cascades. Ms. Aitken, you may begin your conference.

Jennifer Aitken

Thank you, operator. Good morning, everyone and thank you for joining our second quarter 2020 conference call. We will begin with an overview of our operational and financial results followed by some concluding remarks, after which we will begin the question period. The speakers on today's call will be Mario Plourde, President and CEO; and Allan Hogg, CFO.

Also joining us on today's call are the presidents of Cascades business segments, namely Charles Malo, President and COO of the Containerboard Packaging Group; Luc Langevin, President and COO of the Specialty Products Group; and Jean-David Tardif, President and COO of the Tissue Papers Group, they will be available for the question-and-answer period at the end of the call.

Before I turn the call over to my colleagues, I would like to highlight that Reno de Medici's interim report released on April 30 can be viewed on the Reno's website. I would also note that certain statements made during this call will discuss historical and forward-looking matters. The accuracy of these statements is subject to risk factors that can have a material impact on actual results.

These risks are listed in our public filings. These statements, the investor presentation, and the press release also include data that are not measures of performance under IFRS. Please refer to our Q2 2020 Investor Presentation for details. The presentation along with our second quarter press release can be found in the Investors section of our website. If you have any questions, please feel free to call us after the session.

I will now turn the call over to our CEO, Mario.

Mario Plourde

Thank you, Jennifer, and good morning everyone. Let me begin with a short update regarding COVID-19. Our top priority remains the health and safety of our employees. Visit to our facility remains limited to only what is essential and work-related travel continue to be restricted. Workplace, social distancing and extensive cleaning protocol remain in force at all of our operations. As a result of these measures, we have not had any significant COVID-related production interruption at our operations.

I would like to sincerely thank and applaud every one of our employees for their continued diligence, dedication and hard work during these challenging times. Thanks to their effort, Cascades continue to supply our customer with the essential tissue and packaging solutions they need. We are very pleased with our second quarter execution and result. The record quarterly adjusted EBITDA generated in the period speaks to the resilience and adaptability of our business model.

Our segment executed well within an ever-changing business reality and we are encouraged by the performance of all of our sector particularly our Tissue segment, which