Odfjell Drilling Ltd (ODFJF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everybody, and welcome to the Odd Bell Drilling Q1 2025 results presentation. My name is James Crothers, and I'm the Investor Relations Officer at the company. As ever, I'm joined today by our Chief Executive Officer, Cheta Yarzal, and our Chief Financial Officer, Froda Cislek. Before we begin, your attention is brought to the important information slide of our presentation, which we would encourage participants to read in full. Note that this presentation is only a summary of the quarter, and the more comprehensive quarterly report should be read separately. Both that report and today's presentations are available on our website, www.oddfielddrilling.com. Our call today will begin with a brief summary of the quarter, with Jeff taking us through some of the key highlights. We'll then move on to discussing our operations during Q1, and then move on to our financial review with Rodan. We'll then summarize the presentation and close the call. Following the presentation, we'll open the Q&A session and we'll invite all participants to submit a question either via the telephone line or electronically by the webcast tools which are available. Today's results are another great course for our business, so I will not delay any more and I'll hand over to our CEO, Chetil, who will take us through some of the key highlights. Thank you, James, and a very good afternoon to everybody. And as the title says, this has been a very good start to the year. Another record achieved for our company. For the first time since the spin-off of OddFed Technology, we achieved an EBITDA of $100 million from revenue of $204 million. We are constantly breaking financial records at the moment, and as our fleet moves over to even higher day rates, I think we will continue to do that. A...