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We now expect production in China to decline by 10% for the full year of 2019 compared with our earlier projection of a 4% decline.

So 2019, we expect an increase in common equity Tier 1.

We had a $181 million charge on the 2 gas turbine power projects.

We are aiming to outperform the rail industry average.

So, Chris, this is John and just to kind to wrap all that up, we’re on target to introduce 60 new products this year and Q2 sales from new products and services were about 6%, 6% is our goal, the 10% that you mentioned is our internal stretch goal, but if we can hit between 6% and 10%, we’re very pleased with what we’re doing.

For the full fiscal 2013, Activision Blizzard delivered better-than-expected financial results based on the continued success of our games.

Further, we expect adjusted EBITDA loss for the first quarter to be between minus $4.9 million and minus $4.7 million and between $12.6 million and $11.4 million for the full year 2018.

We are pleased to report third quarter results that were consistent with management's expectations.

And while we expect a significant portion of that liquidity to flow out in the fourth quarter, we're nonetheless encouraged by the continuing positive trends.

With the change in our strategy Mike just described to refocus on our Florida markets, and with the approved and pending rate increases that are rolling into our book, we expect FedNat to achieve ex-cat earnings improvement in 2022.

We believe that with system's commitment in our overseas markets, these markets will eventually contribute significant share of group sales mix.

As we intended, we delivered common equity Tier 1 capital to the middle of our 9% to 10% operating range.

So I'll say that we expect expansion orders this year on that so it's not completely built out.

So we wouldn't expect our operating expenses to increase.

Also, the resilience of our global manufacturing strategy, where we have invested to produce in region, and the commitment of the hard work of our employees across the world.

These types of programs are instrumental in identifying new patients and growing the HAE market which to this day remains significantly under penetrated.

And that again is caused by -- in many of the major markets, the extended monsoon made it difficult for us to go and collect or for them to come and pay.

Excluding that, we continue to expand our investments into R&D, and also very pleased to soon be able to welcome Thomas Schaefer [ph] as our Chief Scientific Officer.

We are still in the first inning in the transfer with the multibillion-dollar supply chain market, which is estimated at $7.7 billion in 2011 and growing to $11.7 billion by the year 2016.

Overall, full-year 2010 net income and cash flow before financing activities are expected to be strong but lower than 2009.

In Q4, we expect to record a much higher gross margin as we anticipate recording the $20 million Roche milestone revenue at 100% margin.

Our balance sheet remains very strong as cash and cash investments were over $60 million and we also have no outstanding borrowings on our $125 million revolver.

Our direct U.S. sports and orthopedics business increased 3% compared to the second quarter of 2016, largely due to strong growth in map3 allograft in the foot and ankle market.

We fundamentally believe that capturing core 10-gig NIC design wins was just as important as enabling the industry with our converged fabric based on FCoE.

Overall, we plan to invest at least EUR 200 million at an average return of around 10% unlevered.

It wasn't clear that there is a real appetite amongst this target market for new offering and a new player, and the segment that is dominated by our 2 largest competitors.

And we have also bolstered our balance sheet by taking our net treasury position at the end of the year which -- to a good place where we'll be able to include further investment capacity on our projects next year in concessions.

So we are thinking in Asia and North America in terms of combining different business operations from this year until 2 years later, there will be myriads of landmark projects.

When we look at the La Colorada facility at $1,000 mine plant, we're looking at roughly 21 million tonnes of material or 5-plus years of operations and at a $1,300 range somewhere in the neighborhood of 7-plus years.

We will inevitably face economic and social challenges in the various markets and environments in which we operate around the world, but I remain confident in the commitment and dedication of my colleagues and of the ongoing success and performance of Mandarin Oriental in its vision to continue to be the world's best luxury hotel group.

They have no more capacity and that means that we have to start earlier with this project, which of course will not really contribute in 2014, but of course, will contribute quite strongly already in the first half year 2015 that we have not planned with that so far.

But, of course, international investments, and as I mentioned in my presentation, I mean, we're now in a position to say that it could be EUR 300 million more than foreseen.

As Tony will detail in a few moments, we believe our actions will help Blackbaud to deliver approximately 250 basis points of non-GAAP operating margin expansion in 2013.

Given the expected focus on sustainability as part of these investments and our industry-leading exposure to UN sustainable development goal related revenue, we are ideally positioned to capitalize on these opportunities and drive significant growth in our U.S. operations.

However, the dividend increase was a long-term decision and commitment.

And there's quite a few projects.

We believe third quarter new vehicle sales performance was a temporary uptick driven in a large part by the federal government's Cash for Clunkers program.

NOVATEK fully endorses these initiatives through our sustainable development principles, our carbon and water disclosures, our commitment to operating in a responsible and safe manner and our support to the social well-being in the areas of our operations.

And as always, we remain committed to the best interests of our customers, employees, lenders and investors.

Our panels remain a key competitive advantage, providing the most robust understanding of audience and consumer behavior in a privacy-compliant way.

As we look forward into 2021, we have greatly improved the operating efficiencies of our business and are continuing to do so.

Our capital plan for the fourth quarter is comprised of $40 million of development and redevelopment, primarily FMC, the Subaru Training Center, Broadmoor and Four Points, the acquisition of One Drexel Plaza for $37 million, a $28 million common dividend, $6 million of revenue creating CapEx and $1 million of mortgage amortization.

We will execute a $4.5 billion cost-reduction program to reduce total costs, even as we invest in the business, and we will simplify HSBC to increase revenue synergies and accelerate the pace of execution.

In terms of trying to project for next year, I thought the run rate quarterly would be a bit higher than that.

So we believe our Gen 2 is maybe possibly slightly a better product compared to our own Gen 1.

As soon as we have obtained the drilling license for these areas.

I think the good news, based on our current forecast pricing for Q4, we'll be cash positive again after maintenance and dividend and all the things.

So next year is lower CapEx, lots of projects finished, and therefore, this is a year to deal with it.

As we get those commitments, then we'll obviously be coming forward with the project to expand the file.

As Katie mentioned, we have minimal dredging in the Middle East during the first quarter but we have one project in the Middle East in our backlog and our pursuing several additional opportunities to improve utilization of our fleet.

As we've discussed on previous calls, our consolidated financial results for the next few quarters will reflect our continued investment in planning and development activities at Newhall and Candlestick as we prepare these communities for land sales.

We do not believe that these data will find their way into the label for the SURFAXIN product.

And we believe that this cash is best used to further de-lever the group and growth within the business.

But I do believe what you'll see is, what we will try to do is get licenses from like the Players Association and stuff and try to do some unique player-related stuff that might not have a team logo, and that will build in 2011.

When this combination is right for any particular land or a project in a particular market context, things will work in any market, but it has to be right for that context.

For the second quarter, PROS anticipates total revenue in the range of $18.3 million to $18.5 million, representing a growth rate of 28% from 2007 at the midpoint of our guided range.

So if you don't want to announce new project between now and the start of '13, your capital for '13, but it will go down to for maintenance type levels.

The -- in mechanical and plant engineering, the German Industry Association, VDMA, reported a double-digit percentage increase in worldwide order intake after continuation of the upswing had already been observed in January.

We don't expect any fantastic growth, but same growth already next year with marginally improved credit conditions in general.

So -- but we strongly believe that our -- for Taobao, our advantage is a consumer mindset and we are purely a consumption destination for all the customers.

Included in these delays was an expected sole-source contract award related to a large new satellite program, which is forecast to be a significant long-term future organic growth driver for the business and 1 of our larger future programs.

However, on the 9-month basis, we see that the steel products volume declined by 8.2%, which reflects the overall decline in Russian market steel consumption, which we, at the current point of time, I believe, around 12 -- minus 12, minus 15% compared to the last year.

I just wanted to understand why a client buys aggressively for a particular quarter and keep silent for the subsequent quarters?

We do expect to raise additional capital while we develop revenue generation through our business strategy in fiscal 2014.

Certainly, with Goldeneye back, could unlock a whole different level in the field because that's a deeper well, which kind of fits that profile, and it's very, very interesting project.

And as the network is built out, enables us uniquely to offer our current and future tenants, both the bricks-and-mortar solution in terms of their retail offering but also an e-commerce platform to help them drive their business.

I think at the end of Q2, although we knew the number portability piece was likely going to fall off, the $1 million to $2 million -- clearly we expected the operators to move forward where they upgrade their systems and they generally have not done that at this point.

There are also many critical studies by independent clinicians who are committed to developing evidence for this novel therapy.

In terms of the full year, we currently expect fiscal 2010 total net sales growth compared to the levels achieved in 2009 and a return to positive comp store sales at both brands in each of the fiscal quarters of 2010 as a result of more compelling product assortments, strategic marketing initiatives and a disciplined approach to inventory management.

Our current business model and recent acquisitions provide tremendous flexibility and position us to generate strong operating cash flows to support our strategic growth plans.

So based on that, there will be viable product projects that we think, okay, will come back next year.

As you might imagine, there are many other projects we're working on closing and we're very excited about.

Our revenue pace for 2017 is behind the original plan but with all units now delivered, rates and absorption are in line with our pro forma and we do expect the residential component will be stabilized by Q1 2018.

We want to continue to fulfill the growth to deteriorate a little bit the operating margin next year because we need it.

That normally would not be what we would do because we really believe that 30-day peak rates are much more indicative of the ultimate well performance.

Before turning the meeting over to management, please be advised that this call contains certain forward-looking statements that are based on current expectations and are subject to a number of uncertainties, risks and other factors, which may cause the actual results, performance or achievements of the company to be materially different.

This quarter, we launched a first in Canada, credit card feature that gives cardholders the ability to temporarily block any in-person international charges through the TD app, and we are leveraging layers 6's predictive AI capabilities in our TD Health's program to identify customers who may be facing financial hardship and reach out with proactive advice and solutions.

As I will get into later and as noted in our press release, we do anticipate a small deficiency in the May redetermination even after the reduction related to paying down the credit facility with the SCOOP/STACK sale proceeds.

We have also incorporated a projected increased level of international churn, which represents both the impact of carrier consolidation in Guatemala and a network reorganization and reduction by one of our customers in one specific Central American country who we have been working closely with to address their operational needs.

2022 is the first year, and we are committed as a Board to improve gradually our EBIT margin over the years to come.

In summary, the cautionary note states that information provided in the news release and in this conference call speaks to the company's expectations or predictions of the future, including projections, assumptions and guidance, are considered forward-looking statements intended to be covered by the Safe Harbor provision under the Federal Securities Law.

It is a great pleasure to be with you once again for another earnings release and I hope you are all well.

For the Levittown facility in the U.S., we expect to start production in Q3 of fiscal year '21 with prior notification to the FDA.

I would remind our listeners that certain matters discussed in the conference call today, including operational and financial results for future periods, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially, either better or worse, than those discussed, including other risks and uncertainties reflected in our company's 10-K, which is on file with the SEC and other public filings.

The new leadership team was put together to submit the company's near strategy and operational focus, organic growth and commitment to continuous improvement of the bottom line, reablement and strong internal focus and treatment, and as well as disclosure and communication.

With the 4 facilities you have here, we're targeting capacity of over 250,000 doses annually in 2024 and beyond.

How does diesel look year-over-year as a percent of the European market and how about just from your perspective of where in Q3 and the next quarter commercially Europe will look?

This next slide shows how the group free cash flow of GBP 168 million reconciles to GBP 366 million movement in the course net debt, and most of the items on this slide is self-explanatory and the special pension contribution you're aware of from the year earlier, so I'll just focus on here in a few unites.

From an investor perspective, these assets will be added to rate base, should accretive in the first full year of operations and we expect to maintain or in fact enhance our credit profile.

So quite an important part of the longer-term plan, and as we've talked about for many, many years now, The Mall and the off airport stuff is about opening up our addressable market and allowing us to tap into markets that don't pull through the cost of building new capacity in the terminal.

So as we close and get greater detail on it, I believe there's opportunity to exceed what we laid out.

Last quarter, we announced that we launched our second new out-of-territory fiber market in our Southern Wisconsin cluster and are pleased to announce that our market share gains, while still early, are tracking to our expectations.

Our target is that it should make EBT 8% as fast as possible.

Based on visible demand from customers, we expect the market to be fairly balanced for the foreseeable future, even with the additional rig supply from newbuild deliveries.

For example, our renewal and extension with ING will include our data analytics and data insights services.

And here, at the down right side, you see the cost ratio per revenue during the second quarter, normally slightly higher than the latter half of the year, but we are good on track reaching our long-term target at 10% or below cost per revenue within -- or by end of 2025.

As I mentioned earlier, we had several positive wins in Oil & Gas, which underscore confidence in the segment being a driver of 2015 revenues and future growth.

And again, that's going to be rolled out across 10 markets in the next year.

We also plan to continue to close this remaining gap via operating leverage although at a slower rate than G&A.

So would you expect, as we think about the back half, obviously, you guys were a little bit less active in the second quarter in terms of share repurchases.