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Navios Maritime Holdings' CEO Discusses Q4 2011 Results - Earnings Call Transcript

Navios Maritime Holdings (NM)

Q4 2011 Earnings Call

February 23, 2012 8:30 am ET

Executives

Angeliki Frangou – Chairman & Chief Executive Officer

Ted C. Petrone – President

Ioannis Karyotis – Senior Vice President, Strategic Planning

George Achniotis – Chief Financial Officer

Analysts

Natasha Boyden – Cantor Fitzgerald

Christian F Wetherbee – Citigroup

Presentation

Operator

Thank you for joining us for this morning’s Navios Maritime Holdings Fourth Quarter and Full Year 2011 Earnings Call. With us today from the company are Chairman and CEO, Ms. Angeliki Frangou; President, Mr. Ted Petrone; SVP of Strategic Planning, Mr. Ioannis Karyotis; and Chief Financial Officer Mr. George Achniotis. As a reminder, this conference call is also being webcast. To access the webcast, please go to the investor section of the Navios Holdings website, www.navios.com.

Before I review the structure of this morning’s call, I’d like to read the Safe Harbor statements. This conference could contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Navios. Forward-looking statements are statements that are not historical facts.

Such forward-looking statements are based upon the current beliefs and expectations of Navios Holdings’ management and are subject to risks and uncertainties which could cause actual results to differ from forward-looking statements. Such risks are more fully discussed in Navios Holdings’ filings with the Securities and Exchange Commission. The information set forth in this conference call should be understood in light of such risks. Navios Holdings does not assume any obligations to updates the information contained in this call. Thank you.

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