Good afternoon, welcome to the Emerald Holding, Inc. Second Quarter 2022 Earnings Conference Call. Before we begin, let me remind everyone that this call will include certain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include remarks about future expectations, beliefs, estimates, plans, and prospects. In particular the company's statements about projected results for 2022 and 2023 are forward-looking statements. Such statements are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from those indicated or implied by such statements. Such risks and other factors are set forth in the company's most recently filed periodic reports on Form 10-K and Form-10-Q, and subsequent filings. The company does not undertake any duty to update such forward-looking statements. Additionally, during today's call, management will discuss non-GAAP measures, which it believes can be useful in evaluating the company's performance. The presentation of this additional information should not be considered in isolation or as a substitute for results prepared in accordance with U.S. GAAP. A reconciliation of these non-GAAP measures to the most comparable GAAP measure can be found in the company's earnings release. As a reminder, this conference is being recorded and a replay of this call will be available on the investors section of the company's Web site through 11:59 p.m. Eastern Time on August 15, 2022. I'd now like to turn the call over to Mr. Hervé Sedky, President and Chief Executive Officer. Sir, please go ahead. Hervé Sedky: Thank you, Scott. And good afternoon, everyone. I'm very pleased to be with you all today to discuss our second quarter results. We delivered another solid performance this quarter and continue to see a nice recovery in the business as more in-person events…

Thank you, Hervé and good afternoon. As Hervé said, we're very pleased with our results this quarter and year-to-date, and believe they point to a robust recovery in the live event space. Before we review the financials, I want to highlight the recent settlement of our insurance lawsuit and briefly address the recently filed Q1 restatement and revision to correct for an accounting item related to prior insurance collections. As discussed by Hervé Emerald has reached an agreement with our insurance underwriters to settle outstanding litigation relating to our 2020 and 2021 event cancellation insurance policies for $149,250,000. Payment is expected to be received in the third quarter of 2022. As a result, the company expects to book $148.5 million of other income net during the third quarter of 2022. Once received, this settlement payment is expected to bring total payments from insurers to approximately $372.9 million. The repayment went to account for a portion of the insurance payment proceeds on one of our events totaling $5.1 million that was due to a third-party in the first quarter of 2022. And the revision was to account for a portion of the insurance payment proceeds of one of our events totaling $1.6 million that was due to another third-party in the fourth quarter of last year. We have no further liabilities on the $223.6 million of insurance payments we've collected to date and minimal payment obligations to third-parties when the settlement proceeds are received likely in the third quarter. As shown in the filings, the restatement and revision do not impact the underlying operations of Emerald. Now, moving on to our second quarter results, second quarter revenue was $71.4 million as compared to $15 million in the prior year quarter. The increase is primarily due to events which stays this year,…

Thank you. [Operator Instructions]. One moment please for the first question. [Operator Instructions]. And there are no questions at this time. I'll turn the call back to management for closing remarks. : : Hervé Sedky: Very good. Well with that I just wanted to thank you all for your time today and look forward to speaking with you next quarter. Goodbye.

That concludes the call for today. We thank you for your participation. Ask you to please disconnect your line.