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September 06, 2012 8:30 am ET
Robert A. Gannicott - Chairman and Chief Executive Officer
Cyrille Baudet - Group Chief Financial Officer
Frederic de Narp - Chief Executive Officer of Harry Winston Inc and President of Harry Winston Inc
James R. W. Pounds - Executive Vice President of Buying and Sourcing
Laura Kiernan - Director of Investor Relations
Irene Nattel - RBC Capital Markets, LLC, Research Division
Oliver Chen - Citigroup Inc, Research Division
Brian MacArthur - UBS Investment Bank, Research Division
Des Kilalea - RBC Capital Markets, LLC, Research Division
Edward Sterck - BMO Capital Markets Canada
Ladies and gentlemen, and welcome to the Harry Winston Diamond Corporation's Fiscal Year 2013 Second Quarter Conference Call. My name is Stephanie, and I will be your conference coordinator for today. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes.
Please note that we will be making some forward-looking comments today. Various factors and assumptions were applied in deriving these comments and actual results could differ materially. The principal factors and assumptions that were applied and risks that could cause our results to differ materially from our current expectations are detailed in our filings with Canadian and United States securities regulatory authorities and can be found at www.sedar.com and www.sec.gov.
During today's call, we will also be discussing certain non-GAAP financial measures such as EBITDA, and EBITDA does not have standardized meaning according to GAAP, and Harry Winston defines it as sales minus cost of sales and selling, general and administrative expenses. Please see press release and MD&A we filed yesterday for further information about this non-GAAP measure.