Archer Limited (ARHVF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everybody, and welcome to the Archer second quarter 2025 earnings release call. My name is Elliot, and I'll be your coordinator today. If you'd like to register a question during today's event, please press star 1 on the telephone keypad. I would now like to hand over to Doug Skindlow, CEO. Please go ahead. Thank you, Elliot. Good morning, ladies and gentlemen, and thank you for joining our second quarter earnings calls. Archer's Chief Financial Officer Espen Johanger is joining me on the call today. In today's call, I will cover the key highlights, the business outlook and comments on recent acquisitions and investments. While Espen will thereafter summarize Archer's operations for the second quarter and walk us through the financial section. Towards the end of the call, we will open the line for questions. Moving to slide two. As always, I'd like you to note the information provided in today's presentation includes forward-looking statements as well as non-US GAAP financial measures. Forward-looking statements do not guarantee future performance and involve risk and uncertainty. Next slide, please. With 50 years of operating history, Archer has grown to a global company with $1.3 billion of revenue and about 4,500 employees. into four business areas, wealth services, custom operations, land drilling and renewables. First, I want to comment on our growth in reported EBITDA since 2022. Midpoint guidance for 2025 implies an annual growth of 21%, realized through organic growth as well as accretive M&As. Importantly, We see the growth in cash contribution following our growth in Abodea, and we are pleased to see an almost doubling in cash contribution over the same period. This growth is what has enabled us to refinance our debt to lower interest costs and intro...