Algonquin Power & Utilities Corp. (NYSE:AQN) Q2 2020 Earnings Conference Call - Final Transcript

Aug 14, 2020 • 10:00 am ET


Algonquin Power & Utilities Corp. (NYSE:AQN) Q2 2020 Earnings Conference Call - Final Transcript


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Thank you for standing by. This is the conference operator. Welcome to the Algonquin Power & Utilities Corp. 2020 Second Quarter Analyst and Investor Earnings Call. [Operator Instructions] After the presentation, there will be an opportunity to ask questions. [Operator Instructions]

I would now like to turn the conference over to Christopher Jarratt, Vice Chair of Algonquin Power & Utilities Corp. Please go ahead.

Christopher Jarratt

Great. Thanks. Good morning, everyone and thanks for joining us this morning for our 2020 second quarter earnings conference call. As mentioned, my name is Chris Jarratt and joining me on the call today are Arun Banskota, our Chief Executive Officer; David Bronicheski, our Chief Financial Officer; and Arthur Kacprzak, our Deputy Chief Financial Officer. To accompany our earnings call today, we have a supplemental webcast presentation available on our website, Our financial statements and management discussion and analysis are also available on the website, as well as on SEDAR and EDGAR.

And before continuing the call, we would like to remind you that our discussion during the call will include certain forward-looking information including, but not limited to our expectations regarding future earnings and capital expenditures, as well as potential future impacts of the COVID-19 situation. We will also refer to certain non-GAAP financial measures and at the end of this call, Amelia from our Investor Relations team will read a short notice regarding both forward-looking information and non-GAAP financial measures. Please refer to our most recent MD&A filed for important information on these items.

On our call this morning, Arun is going to provide the strategic achievements for Q2 2020, Arthur is going to follow with the Q2 financial results, and David will speak to our recent capital raise, and then we will wrap up with Arun concluding with our strategic outlook for the business. We then open the lines for questions and as usual, I'd ask that you restrict your questions to two and then requeue, if you have any additional questions.

Now before I turn things over to Arun, I would like to say a few words regarding David Bronicheski, who is retiring in September, after serving as Algonquin CFO for 13 years. On behalf of all our employees and the Board of Directors, I would like to thank David for his many contributions. Personally, I can tell you, it has been an absolute pleasure to work with David over the past 13 years, and I wish him the best in retirement. David's contribution to this organization over this time period has been immense, including building an extremely strong finance team that will succeed him. Thank you, David.

And with that, I would turn things over to Arun.

Arun Banskota

Thank you, Chris and good morning to those who have been able to join us on the call and online. As a business providing mission critical energy and water services to our customers, we continue to perform well, both from a financial and operational standpoint as we continue to navigate through the impact of