Telesat Corporation (TSAT) Q1 2024 Earnings Call Transcript


Telesat Corporation (NASDAQ:TSAT) Q1 2024 Earnings Conference Call May 10, 2024 10:30 AM ET

Company Participants

Michael Bolitho – Director, Treasury & Risk Management
Daniel Goldberg – CEO & President
Andrew Browne – CFO
John Flaherty – VP, Business Planning and Marketing

Conference Call Participants

Edison Yu – Scotiabank
Arun Seshadri – BNP Paribas
Chris Quilty – Quilty Analytics
Marcello Chermisqui – Ares Management
Matt Lapides – ABRY Partners
Evan McFadgen – Cormark Securities
Alex Nolan – Invesco US
Walter Piecyk – Lightshed Ventures


Good morning, ladies and gentlemen, and welcome to the conference call to report the first quarter 2024 financial results for Telesat. Our speakers today will be Daniel Goldberg, President and Chief Executive Officer of Telesat, and Andrew Browne, Chief Financial Officer of Telesat.

I would now like to turn the meeting over to Mr. Michael Bolitho, Director of Treasury and Risk Management. Please go ahead, Mr. Bolitho.

Michael Bolitho

Thank you and good morning. This morning, we filed our quarterly report for the period ending March 31, 2024, on Form 6-K to the SEC and on SEDAR+.

Our remarks today may contain forward-looking statements. There are risks that Telesat’s 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 a discussion of known risks, please see Telesat’s annual report and update filed with the SEC. 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.

Daniel Goldberg

Hey, thanks, Michael. My opening remarks were quite short this morning. Given we hosted an earnings call just six weeks ago, when we released our Q4 and full year numbers. I really just wanted to note that we’re tracking to the 2024 guidance

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