Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) Q2 2020 Earnings Conference Call - Final Transcript

Aug 10, 2020 • 04:30 pm ET


Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) Q2 2020 Earnings Conference Call - Final Transcript


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Good day. And welcome to the Lindblad Expeditions Inc. reports Second Quarter 2020 Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Craig Felenstein, Chief Financial Officer. Please go ahead.

Craig Felenstein

Thank you, Brent. Good afternoon, everyone. And thank you for joining us for Lindblad's 2020 second quarter earnings call. With me on the call today is Sven-Olof Lindblad, our Founder and Chief Executive Officer.

Sven will begin with some opening comments. And then I will follow with some details on our financial results and liquidity before we open the call for Q&A. You can find our latest earnings release in the Investor Relations section of our website.

Before we get started, let me remind everyone that the company's comments today may include forward-looking statements. Those expectations are subject to risks and uncertainties that may cause actual results and performance to be materially different from these expectations. The company cannot guarantee the accuracy of any forecasts or estimates and we undertake no obligation to update any such forward-looking statements. If you would like more information on the risks involved in forward-looking statements, please see the company's SEC filings. In addition, our comments may reference non-GAAP financial measures. A reconciliation of the most directly comparable GAAP financial measures and other associated disclosures are contained in the Company's earnings release.

And with that out of the way, let me turn the call over to Sven.

Sven-Olof Lindblad

Thank you, Craig. And good afternoon everybody and thanks for joining us today. Usually we conduct our earnings calls in the morning, but we made an exception today as I'm speaking to you from French Polynesia, a remarkable destination that is only 2 to 2.5 hours further than Hawaii from the West Coast. It is an exotic locale with a playground of hundreds of islands and atolls to explore. The reefs are alive with coral and fish. The hiking is world-class. There are rivers to explore by kayak. The people are delightful and there is still a distinct South Sea culture to appreciate.

Let me take a moment to tell you why I'm here and what being here represents. Above all, it represents hope and an acknowledgement that our world, three months, six months or nine months from now will be a very different place. French Polynesia is an example of what people will seek out when they are ready and able to travel again, beauty, peace untrammelled. Our guests in particular will not want crowds, unnecessary proximity, small while already beautiful will become even more so. What we do immersing our guests in exploration of the world's most amazing geographies was very much on the rise pre-pandemic and I believe will explode post and Lindblad Expeditions is in a very good place to harvest a new future.

I've had an exhilarating week here. I've met countless people in the tourism sector, Ministers, the CEO of the National Air Carrier and people from the hotel