CAE Inc. (NYSE:CAE) Q1 2021 Earnings Conference Call - Final Transcript

Aug 12, 2020 • 01:30 pm ET


CAE Inc. (NYSE:CAE) Q1 2021 Earnings Conference Call - Final Transcript


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Marc Parent

and acceleration of new digitally-enhanced processes, and the optimization of our global asset base and footprint. At the same time, we're keeping up the pace of our investment and focus on technological innovation to re-imagine the customers' experience and broaden our aperture to revolutionize training and operational support solutions. As our core end markets recover, the new normal that emerges could present novel challenges for our customers. We believe certain trends will arise in greater force post-COVID-19, such as e-learning, remote work, and even greater imperative on safety, and the accelerated digital transformation and virtualization of the physical world.

CAEs core capabilities aligns very well with these future needs and we fully intend to use the current period to further strengthen our technological expertise, and expand the aperture of how and what we bring to market. We're leaning forward to capture more organic growth by leveraging our leading-edge understanding of man-to-complex-machine interfaces and we continue to assert our leadership in attractive markets with long term secular tailwinds. Already, we are seeing excellent customer receptivity to our recent new technology developments in the area of machine learning-enabled data analytics, remote delivery and virtual reality/augmented reality and we'll be driving forward to excel on these new fronts, now more than ever.

To conclude, we are effectively managing the things we can control within this unprecedented environment. And we're decisively focused on the future and I expect we'll be ultimately stronger for it.

With that, I thank you for your attention, and we're now ready to answer your questions.

Andrew Arnovitz

Thank you, Marc. Operator, we'll now want to open the lines to financial analysts and institutional investors for questions.