Telesat Corporation (TSAT) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

All participants, please continue to stand by. The conference will begin momentarily. Once again, please continue to stand by. We thank you for your patience. This conference is being recorded. Cette conférence est enregistrée. All participants, please stand by. Your meeting is ready to begin. Good morning, ladies and gentlemen. Welcome to the conference call to report the second quarter 2023 financial results for TELESAT. Our speakers today will be Dan Goldberg, President and Chief Executive Officer of TELESAT, and Andrew Brown, Chief Financial Officer of Telesat. I would now like to turn the meeting over to Mr. Michael Bolido, Director of Treasury and Risk Management. Please go ahead, Mr. Bolido. Thank you and good morning. This morning we filed our quarterly report on Form 6-K with the SEC and on CDAR. Our remarks today may contain forward-looking statements. There are risks that tell us that actual results may differ materially from the results contemplated by the forward-looking statements as a result of known and unknown risks and uncertainties. For discussion of known risks, see Telesat's annual and quarterly reports filed with the SEC and CDAR. Telesat assumes no responsibility to update or revise these forward-looking statements. I will now turn the call over to Dan Goldberg, Telesat's President and Chief Executive Officer. Okay, thanks, Michael. This morning, I'll share some thoughts on our financial results and give an update on the business. I'll then hand over to Andrew who will speak to the numbers in detail, and then we'll open the call up to questions. As we noted in our earnings release, we've had a busy first half of the year. We're tracking our guidance, received FCC validation on CBAN clearing, which allowed us to recognize approximately US $260 m...