Seaspan's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Seaspan Corporation (SSW)

Q1 2012 Earnings Call

May 17, 2012 10:00 am ET

Executives

Sai W. Chu – Chief Financial Officer

Gerry Wang – Chief Executive Officer, Co-Chairman and Co-Founder

Analysts

Joshua Katzeff – Deutsche Bank Securities

Urs Dur – Clarkson Capital Markets

Michael Webber – Wells Fargo Securities, LLC

Presentation

Operator

Welcome to the Seaspan Corporation conference call to discuss the financial results for the quarter ended March 31, 2012. Hosting the call today is Gerry Wang, Chief Executive Officer, Co-Chairman and Co-Founder of Seaspan Corporation; and Sai Chu, Chief Financial Officer of Seaspan Corporation. Mr. Wang and Mr. Chu will be making some introductory comments. and then, we’ll open the call for questions.

I will now turn the call over to Sai Chu.

Sai W. Chu

Thank you, Operator. Good morning, everyone, and thank you for joining us today. Before we begin, please allow me to remind you that our discussion today contains forward-looking statements. Actual results may differ materially from results projected by those forward-looking statements.

Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements this contained in the first quarter 2012 earnings release and earnings webcast presentation slides available on our website at www.seaspancorp.com as well as in our annual SEC report on Form 20-F for the year ended December 31, 2011.

I would also like to remind you that during this call, we will discuss certain non-GAAP financial measures including adjusted EBITDA, cash available for distribution to common shareholders, normalized net earnings, normalized earnings per share and normalized converted earnings per share. In regards to such financial measures and for reconciliation of such measures to the most closely comparable U.S. GAAP measures, please refer to our earnings release.

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