Q2 2019 Conifex Timber Inc Earnings Call Transcript
Good morning, ladies and gentlemen. Welcome to the Conifex Q2 Conference Call. I would now like to turn the meeting over to Mr. Ken Shields, Chief Executive Officer. Please go ahead, Mr. Shields.
Okay. Well, thank you, Debbie, and good morning, everyone, and welcome to this call covering our Q2 2019 results. CFO, Yuri Lewis; and Executive VP, Hans Thur, are with me here in Vancouver, and we're all available to respond to your questions at the end of this call.
First, let's cover off 3 points about the financial information we'll be referring to. Number one, we'll be making forward-looking statements and references to non-IFRS measures and, therefore, call your attention to the disclaimer on the second slide. Second, we will be referring to adjusted EBITDA, which is EBITDA adjusted for the noncash impact of foreign exchange translation gains or losses on our U.S. dollar-denominated long-term debt.
As you know, most of our borrowings are in US dollars because most of our
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