Q2 2021 Freehold Royalties Ltd Earnings Call Transcript

Aug 11, 2021 / 01:00PM GMT
Operator

Good morning, ladies and gentlemen. Welcome to the Second Quarter Results Conference Call.

I would now like to turn the meeting over to Mr. Dave Spyker. Please go ahead.

David Michael Spyker - Freehold Royalties Ltd. - President, CEO & Director

Good morning, and thank you for joining us. On the call with me today are Dave Hendry, our CFO; Rob King, our Vice President, Business Development; and Matt Donohue, our Manager of Investor Relations and Capital Markets.

The second quarter marks a period where Freehold continued to execute its strategy, growing its funds from operations, reducing its debt levels, easing its dividend and, subsequent to the quarter, completing 3 value-enhancing transactions, showcasing the North American advantage that our royalty portfolio provides investors.

To start this morning, I would like to talk about the dividend increase, and then we will focus on the excellent operational performance we have had. In conjunction, we are projecting 12% to 15% production growth over 2020. We will be increasing our

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