Q & FY 2015 Results Conference Call. February 18, :00 am PT 1:00 pm ET

Transcription

1 Q & FY 2015 Results Conference Call February 18, :00 am PT 1:00 pm ET

2 Cautionary Note NON-GAAP MEASURES THIS PR ESENTA TION REFERS TO VARIOUS NON-GAAP MEASURES, SUCH AS CASH COSTS PER PAYABLE OUNCE OF SILVER, ALL-IN SUSTAINING COST PER SILVER OUNCE SOLD AND ADJUSTED (LOSS) EARNINGS. READERS SHOULD REFER TO THE ALTERNATIVE PERFORMANCE(NON-GAAP) MEASURES SECTION AT THE END OF THE COMPANY S NEWS RELEASE TI TLED PAN AMERICAN SILVER ANNOUNCES ITS UNAUDITED FOURTH QUARTER AND FULL YEAR 2015 FINANCIAL RESULTS PUBLISHED ON FEBRUARY 18, 2016 FOR A MORE DETAILED DISCUSSION OF THESE MEASURES AND THEIR CALCULATION. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS CERTAIN OF THE STA TEMENTS AND INFORMATION IN THIS PR ESENTATION CONSTITUTE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND FORWARD-LOOKING INFORMATION WITHIN THE MEANING OF APPLICABLE CANADIAN PROVINCIAL SECURITIES LAWS. ALL STATEMENTS, OTHER THAN STATEMENTS OF HISTORICAL FACT, ARE FORWARD-LOOKING STATEMENTS OR INFORMATION. FORWARD-LOOKING STATEMENTS OR INFORMATION IN THIS PRESENTATION RELATE TO, AMONG OTHER THINGS: OUR ESTIMATED PRODUCTION OF SILVER, GOLD AND OTHER METALS IN 2016; OUR ESTIMATED CASH COSTS PER PAYABLE OUNCE OF SILVER IN 2016; OUR ESTIMATED CAPITAL INVESTM ENTS, AISCSOS, AND SUSTAINING CAPITAL FOR 2016; TH E ABILITY OF TH E COMPANY TO SUCCESSFULLY COMPLETE ANY CAPITAL INVESTMENT PROGRAMS AND PROJECTS AND THE IMPACTS OF ANY SUCH PROGRAMS AND PROJECTS ON THE COMPANY; AND ANY ANTICIPATED LEVEL OF FINANCIAL AND OPERATIONAL SUCCESS IN THESE STA TEMENTS REFLECT TH E COMPANY S CURRENT VIEWS WITH RESPEC T TO FUTUR E EVENTS AND ARE NECESSARILY BASED UPON A NUMBER OF ASSUMPTIONS THAT, WHILE CONSIDERED REASONABLE BY THE COMPANY, ARE INHERENTLY SUBJECT TO SIGNIFICANT OPERATIONAL, BUSINESS, ECONOMIC AND REGULATORY UNCERTAINTIES AND CONTINGENCI ES. THESE ASSUMPTIONS INCLUDE: TONNA GE OF ORE TO BE MINED AND PROCESSED; ORE GRADES AND RECOVERIES; PRICES FOR SILVER, GOLD AND BASE METALS REMAINING AS ESTIMATED; CURRENCY EXCHANGE RATES REMAINING AS ESTIMATED; CAPITAL, DECOMMISSIONING AND RECLAMATION ESTIMATES; OUR MINERAL RESERVE AND RESOURCE ESTIMATES AND THE ASSUMPTIONS UPON WHICH THEY ARE BASED; PRIC ES FOR ENER GY INPUTS, LABOUR, MATERIALS, SUPPLIES AND SERVICES (INCLUDING TRANSPORTATION); NO LABOUR-RELATED DISRUPTIONS AT ANY OF OUR OPERATIONS: NO UNPLANNED DELAYS IN OR INTERRUPTIONS IN SCHEDUL ED PRODUCTION; ALL NEC ESSARY PERMI TS, LICENCES AND REGULATORY APPROVALS FOR OUR OPERATIONS ARE RECEIVED IN A TIMELY MANNER; AND OUR ABILITY TO COMPLY WITH ENVIRONMENTAL, HEALTH AND SAFETY LAWS. THE FOREGOING LIST OF ASSUMPTIONS IS NOT EXHAUSTIVE. 2 THE COMPANY CAUTIONS THE READER THAT FORWARD-LOOKING STATEMENTS AND INFORMATION INVOLVE KNOWN AND UNKNOWN RISKS, UNCER TAINTIES AND OTHER FACTORS THAT MAY CAUSE ACTUAL RESULTS AND DEVELOPMENTS TO DIFFER MATERIALLY FROM THOSE EXPR ESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS OR INFORMATION CONTAINED IN THIS PRES ENTATION AND THE COMPANY HAS MADE ASSUMPTIONS AND ESTIMATES BASED ON OR RELATED TO MANY OF THESE FACTORS. SUCH FACTORS INCLUDE, WITHOUT LIMITATION: FLUCTUATIONS IN SILVER, GOLD AND BASE METALS PRICES; FLUCTUATIONS IN PRICES FOR ENER GY INPUTS, LABOUR, MATERIALS, SUPPLIES AND SERVICES (INCLUDI NG TRANSPORTATION); FLUCTUATIONS IN CURRENCY MARKETS (SUCH AS THE CANADIAN DOLLAR, PERUVIAN SOL, MEXICAN PESO AND BOLIVIAN BOLIVIANO VERSUS THE U.S. DOLLAR); OPERATIONAL RISKS AND HAZARDS INHER ENT WITH THE BUSINESS OF MINING (INCLUDI NG ENVIRONMENTAL ACCIDENTS AND HAZARDS, INDUSTRIAL ACCIDENTS, EQUIPMENT BREAKDOWN, UNUSUAL OR UNEXPECTED GEOLOGICAL OR STRUCTURAL FORMATIONS, CAVE-INS, FLOODING AND SEVER E WEA THER); RISKS RELATING TO THE CREDI T WORTHINESS OR FINANCIAL CONDI TION OF SUPPLIERS, REFINERS AND OTHER PARTI ES WITH WHOM THE COMPANY DOES BUSINESS; INADEQUATE INSURANCE, OR INABILITY TO OBTAIN INSURANCE, TO COVER THESE RISKS AND HAZARDS; EMPLOYEE RELATIONS; RELATIONSHIPS WITH, AND CLAIMS BY, LOCAL COMMUNITIES AND INDIGENOUS POPULATIONS; OUR ABILITY TO OBTAIN ALL NECESSARY PERMITS, LICENSES AND REGULATORY APPROVALS IN A TIMELY MANNER; CHANGES IN LAWS, REGULATIONS AND GOVERNMENT PRACTICES IN THE JURISDICTIONS WHERE WE OPERATE, INCLUDING ENVIRONMENTAL, EXPORT AND IMPORT LAWS AND REGULATIONS; DIMINISHING QUANTITIES OR GRADES OF MINERAL RESERVES AS PROPERTIES ARE MINED; INCREASED COMPETITION IN THE MINING INDUSTRY FOR EQUIPMENT AND QUALIFIED PERSONNEL; AND THOSE FACTORS IDENTIFIED UNDER THE CAPTION RISKS RELATED TO PAN AMERICAN S BUSINESS IN THE COMPANY S MOST RECENT FORM 40-F AND ANNUAL INFORMATION FORM FILED WITH TH E UNITED STATES SECURITIES AND EXCHANGE COMMISSION AND CANADIAN SECURITIES REGULATORY AUTHORITIES. ALTHOUGH THE COMPANY HAS ATTEMPTED TO IDENTIFY IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY, THERE MAY BE OTHER FACTORS THAT CAUSE RESULTS NOT TO BE AS ANTICIPATED, ESTIMATED, DESCRIBED OR INTENDED. INVESTORS ARE CAUTIONED AGAINST UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS AND INFORMATION. FORWARD-LOOKING STATEMENTS AND INFORMATION ARE DESIGNED TO HELP READERS UNDERSTAND MANAGEMENT S CURRENT VIEWS OF OUR NEAR AND LONGER TERM PROSPECTS AND MAY NOT BEAPPROPRIATE FOR OTHER PUR POSES. THE COMPANY DOES NOT INTEND, NOR DOES IT ASSUME ANY OBLIGATION TO UPDATE OR REVISE FORWARD-LOOKING STATEMENTS AND INFORMATION, WHETHER AS A RESULT OF NEW INFORMATION, CHANGES IN ASSUMPTIONS, FUTURE EVENTS OR OTHERWISE, EXCEPT TO THE EXTENT REQUIRED BY APPLICABLE LAW.

3 Cautionary Note About Mineral Reserves and Resources CAUTIONARY NOTE TO US INVESTORS CONCERNING ESTIMATES OF MINERAL RESERVES AND RESOURCES THIS NEWS RELEASE HAS BEEN PREPARED IN ACCORDANCE WITH THE REQUIREMENTS OF CANADIAN SECURITIES LAWS, WHICH DIFFER FROM THE REQUIREMENTS OF U.S. SECURITIES LAWS. UNLESS OTHERWISE INDICATED, ALL MINERAL RESERVE AND RESOURCE ESTIMATES INCLUDED IN THIS NEWS RELEASE HAVE BEEN PREPARED IN ACCORDANCE WITH CANADIAN NATIONAL INSTRUMENT STANDARDS OF DISCLOSURE FOR MINERAL PROJECTS ( NI ) AND THE CANADIAN INSTITUTEOF MINING, METALLURGY AND PETROLEUM CLASSIFICATION SYSTEM. NI IS A RULE DEVELOPED BY THE CANADIAN SECURITIES ADMINISTRATORS THAT ESTABLISHES STANDARDS FOR ALL PUBLIC DISCLOSURE AN ISSUER MAKES OF SCIENTIFIC AND TECHNICAL INFORMATION CONCERNING MINERAL PROJECTS. CANADIAN STANDARDS, INCLUDING NI , DIFFER SIGNIFICANTLY FROM THE REQUIREMENTS OF THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (THE SEC ), AND INFORMATION CONCERNING MINERALIZATION, DEPOSITS, MINERAL RESERVE AND RESOURCE INFORMATION CONTAINED OR REFERRED TO HEREIN MAY NOT BE COMPARABLE TO SIMILAR INFORMATION DISCLOSED BY U.S. COMPANIES. IN PARTICULAR, AND WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THIS PRESS RELEASEUS ES TH E TERMS MEASURED RESOURCES, INDICATED RESOURCES AND INFERRED RESOURCES. U.S. INVESTORS ARE ADVISED THAT, WHILE SUCH TERMS ARE RECOGNIZED AND REQUIRED BY CANADIAN SECURITIES LAWS, THE SEC DOES NOT RECOGNIZE THEM. THE REQUIREMENTS OF NI FOR IDENTIFICATION OF RES ERVES ARE NOT THE SAME AS THOSE OF TH E SEC, AND RESERVES REPORTED BY PAN AMERICAN IN COMPLIANCE WITH NI MAY NOT QUALIFY AS RESERVES UNDER SEC STANDARDS. UNDER U.S. STANDARDS, MINERALIZATION MAY NOT BE CLASSIFIED AS A RES ERVE UNL ESS THE DETERMINATION HAS BEEN MADE THA T THE MINERALIZATION COULD BE ECONOMICALLY AND LEGALLY PRODUC ED OR EXTRACTED AT THE TIME THE RESERVE DETERMINATION IS MADE. U.S. INVESTORS ARE CAUTIONED NOT TO ASSUME THAT ANY PART OF A MEASURED RESOURCE OR INDICATED RESOURCE WILL EVER BE CONVERTED INTO A RESERVE. U.S. INVESTORS SHOULD ALSO UNDERSTAND THAT INFERRED RESOURCES HAVE A GR EAT AMOUNT OF UNCER TAINTY AS TO THEIR EXISTENCE AND GREAT UNCERTAINTY AS TO THEIR ECONOMIC AND LEGAL FEASIBILITY. IT CANNOT BE ASSUMED THA T ALL OR ANY PART OF INFERRED RESOURCES EXIST, ARE ECONOMICALLY OR LEGALLY MINEABLE OR WILL EVER BE UPGRADED TO A HIGHER CATEGORY. UNDER CANADIAN SECURITIES LAWS, ESTIMATED INF ERRED RESOURCES MAY NOT FORM THE BASIS OF FEASIBILITY OR PRE-FEASIBILITY STUDIES EXCEPT IN RARE CASES.DISCLOSURE OF CONTAINED OUNCES INA MINERAL RESOURCE IS PERMITTED DISCLOSURE UNDER CANADIAN SECURITIES LAWS. HOWEVER, THE SEC NORMALLY ONLY PERMITS ISSUERS TO REPORT MINERALIZATION THAT DOES NOT CONSTITUTE RESERVES BY SEC STANDARDS AS IN PLACE TONNA GE AND GRADE, WITHOUT REFERENCE TO UNIT MEASURES. ACCORDINGLY, INFORMATION CONCERNING MINERAL DEPOSITS SET FORTH HEREIN MAY NOT BE COMPARABLE WITH INFORMATION MADE PUBLIC BY COMPANIES THA T REPORT IN ACCORDANCE WITH U.S. STANDARDS. 3

4 Q & FY 2015 Corporate Update Michael Steinmann, President & CEO 4

5 Q Cash Dividend Our Board of Directors approved the first quarterly dividend of 2015 as follows: Dividend amount: $ per common share Payable on or about Wednesday, March 9, 2016 To holders of record of common shares as of Monday, February 29, 2016 PAAS dividends are designated as eligible dividends for the purposes of the Income Tax Act of Canada 5

6 Q & FY 2015 Consolidated Results Operational Highlights Q FY 2015 Silver produced (Moz) Gold produced (koz) Cash costs per silver ounce, net of by-product credits $9.09 $9.70 All-in Sustaining Costs per Silver Ounce Sold ( AISCSOS ) $14.76 $14.92 FY 2015 record Ag production, up from Moz in 2014 FY 2015 record Au production, up from koz in 2014 FY 2015 cash costs down 15% from $11.46 in 2014 FY 2015 AISCSOS down 17% from $17.88 in

7 Q & FY 2015 Operations Steve Busby, COO 7

8 FY 2015 Record Production (1) Mine Ag Production (Moz) Au Production (koz) Cash Costs (2) Sustaining Capital ($M) La Colorada $ Dolores $ Alamo Dorado $11.41 n/a Huaron $ Morococha (92.3%) $ San Vicente (95%) 4.12 n/a $ Manantial Espejo $ TOTAL (3) $9.70 $73.70 (1)Results are preliminary and could change based on final audited financial results. (2)Preliminary unaudited cash costs per payable ounce of silver, net of by-product credits. Average by-product metal prices for 2015 were: Au $1,160/oz, Zn $1,928/tonne, Pb $1,784/tonne, and Cu $5,495/tonne. Cash costs is a non-gaap measure and readers should refer to the information under the heading Non-GAAP Measure Cash Costs Per Payable Ounce of Silver Produced, Net of By Product Credits at the beginning of this presentation for more information. (3)Totals may not add up due to rounding. 8

9 La Colorada Expansion 2015 Update 9 $48.2M invested in 2015 $66.1M invested since project start New headframe and hoist room

10 La Colorada Expansion 2015 Update 10 Hoist control room

11 La Colorada Expansion 2015 Update 11 Underground development heading

12 La Colorada Expansion 2015 Update 12 Aerial view of the new sulphide plant

13 Dolores Expansion 2015 Update 13 Ramp crew

14 Dolores Expansion 2015 Update 14 $11.3M invested in 2015 $11.5M invested in new power line in 2015; $12.8M invested since project start Open pit

15 Dolores Expansion 2015 Update 15 Leach pad 3 expansion

16 2016 Production Forecast Mine Ag Production Au Production Cash Costs (1) La Colorada $ $8.25 Dolores $ $6.50 Alamo Dorado $ $14.50 Huaron $ $13.25 Morococha (92.3%) (2) $ $13.75 San Vicente (95%) (2) n/a $ $11.75 Manantial Espejo $ $10.75 TOTAL $ $10.45 AISCSOS (3) expected to be between $13.60 and $14.90, net of by-product credits 16 (1) Cash costs per silver ounce, net of by-product credits. By-product metal prices assumptions used for 2016 cash costs calculation: Au $1,100/oz, Zn $1,700/tonne, Pb $1,600/tonne, Cu $4,600/tonne. Cash costs is a non-gaap measure and readers should refer to the information under the heading Non-GAAP Measure Cash Costs Per Payable Ounce of Silver Produced, Net of By Product Credits at the beginning of this presentation for more information. Exchange rates assumed: Mexican Peso 17:1, Peruvian Sol 3.3:1, Argentinean Peso 11:1, Bolivian Boliviano 7:1. (2) Reflects Pan American s ownership in the operation. (3) AISCSOS is a non-gaap measure and does not have a standardized meaning under IFRS as an indicator of performance and readres shoud refer to the Alternative Performance (non- GAAP) Measures section of the Company s most recently filed MD&A for the period ended September 30, 2015 for a more detailed description of this measure and its calculation.

17 2016 Capital Expenditures Forecast Mine Capital Expenditures US$M La Colorada Dolores Huaron Morococha (92.3%) San Vicente (95%) Manantial Espejo Total Sustaining Capital $ $75.0 La Colorada Projects Dolores Projects Total Capital Expenditures $ $

18 18 Our Best Assets

19 Q & FY 2015 Finance Rob Doyle - CFO 19

20 2015 Q4 and Year-end Consolidated Results Financial Highlights Q FY 2015 Revenue ($ million) Net operating cash flows ($ million) Net operating cash flows per share ($) Net loss ($ million) (137.0) (231.6) Adjusted loss (1) ($ million) (17.5) (58.0) Adjusted loss (1) per share attributable to common shareholders ($) (0.12) (0.38) (1) Adjuste d (loss), and adjuste d (loss) per s hare attributable to comm on shareholders, are non-g AAP me asures t hat the Company cons iders to better reflect normalized earnings as it e lim inates it ems that m ay be volat ile from pe rio d to pe rio d re lat ing to posit io ns wh ich wi ll set tle in fut ure pe rio ds, and items that are non -recu rri ng. Read ers should refe r to th e Alternative Pe rform ance (n on- GAAP) Measu res section at the en d of the Company s news release dated February 18, 2018 for a more detailed discussion of this measure and its calculation. 20

21 Financial Strength At December 31, 2015 $ million Cash and short-term investments $226.6 Working capital (1) $392.2 Total debt (2) $59.8 (1) Working capital is a non-gaap measure calculated as current assets less current liabilities. The Company and certain investors use this information to evaluate whether the Company is able to meet its current obligations using its current assets. (2) Inclusive of $4.0 million in capital leases. 21

22 Consolidated Cash Flows

23 2015 vs AISCSOS (12-months) AISCSOS reconciliation % change 2014 AISCSOS $ AISCSOS Decreases: Costs Net realizable value (NRV) inventory adjustments (0.76) -4.2% Production costs decreases, excluding NRVs (0.68) -3.8% Total production costs (1.44) -8.0% By-product credit increases (0.66) -3.7% Sustaining capital decreases (1.01) -5.6% G&A and other decreases (0.05) -0.3% Royalty decreases (0.16) -0.9% AISCSOS Increases: Smelting, refining and direct selling charge increase % Decreased amount of silver sold $ % Total change (2.96) -16.6% 2015 AISCSOS $ % Reduction in AISCSOS 23

24 Q & FY 2015 Exploration Chris Emerson, VP Business Development & Geology 24

25 Mineral Reserve and Resource Highlights 2015 As of December 31 st 2015 Pan American s mineral reserve contains 280 million ounces of silver and 2.1 million ounces gold. Successful 2015 exploration meant that 13.7 million ounces were added to the reserve. The corporate reserve book decreases by only 7% to 280 million ounces net of 2015 production. Both silver and gold reserve grades increased by 4.6% and 2.4% respectively. Since 2004, exploration has added 293 million silver ounces to reserves while depleting 291 million silver ounces (i.e.101%). 105 km of mine and near site exploration (operations) core drilling was complete in Metal price assumptions for 2016 reserve estimate: Ag $17.00/oz, Au $1,180/oz, Cu $5,000/t, Pb $1,800/t, Zn $1,800/t. 25

26 2015 Reserve Replacement (Million Ag Ounces Contained) Ag Reserves Dec 31, 2014 (Moz) Ag Mined 2015 (Moz) (1) Ag Gains/(Loss) (Moz) (2) Ag Reserves Dec 31, 2015 (Moz) Addition Variation 2015/2016 La Colorada 86.0 (5.9) % 6% Dolores 64.1 (8.6) (2.4) 53.1 (4%) (17%) Alamo Dorado 7.0 (3.6) (0.5) 2.9 (7%) (58%) Huaron 57.0 (4.5) % (6%) Morococha (92.3%) (3) 31.2 (2.6) (3.0) 25.7 (10%) (18%) San Vicente (95%) (3) 38.3 (4.5) % (3%) Manantial Espejo 11.8 (3.9) % 1% La Bolsa % 0% TOTAL (4) (33.5) % (6.6%) Reserves prices December 31st, 2014: Ag $18.50/oz, Au $1,250/oz, Cu $6,800/tonne, Pb $2,000/tonne, Zn $2,000/tonne Reserves prices December 31 st, 2015: Ag $17/oz, Au $1,180/oz, Cu $5,000/tonne, Pb $1,800/tonne, Zn $1,800/tonne except at Manantial Espejo where $14.50 per ounce of silver and $1,100 per ounce of gold was used for planned 2016 production, reverting to the previously stated metal prices thereafter, and Alamo Dorado stockpiles where metal prices of $15.00 per ounce of silver and $1,100 per ounce of gold were used due to their planned processing in the short term. 26 (1) Contained silver ounces (2) All reserve losses due to metal price changes, re-categorization and interpretation (3) Pan American s ownership (4) Totals may not add up due to rounding

27 Exploration 2016 Forecast Mine Diamond Drilling (metres) Drilling Budget (Millions US$) Morococha 12, Huaron 18, San Vicente 9, La Colorada 32, Manantial Espejo 7, Dolores 11, Total 2016 mine site Exploration 91, Select Greenfield Projects

28 PAS -Kootenay Option on La Negra and Promontorio Deposits MINERAL SETTING CENTRAL-SOUTH SONORA Colorada 1740 and Before o El Chanate o Cananea o San Francisco o La Caridad SONORA HERMOSILLO ween discoveries La Colorada o Dorado o o Dolores o La India omulatos x La Negra x x Promontorio o very 1997 x OBREGON Vulcan o Pinos Altos o Ocampo o Piedras Verdes x o Alamo Dorado o o o Monterde Palmarejo o Suazal KTN Concessions O x Mines and Serious Properties Prospects Option agreement to earn in 75% interest in the Promontorio mineral belt Cash payments totaling US$8,050,000 over 4 years US$8,000,000 in exploration and development Private placement of CDN$2,000,000 (subscribing for 9.09 million 0.22/Share; roughly 10.3% of the undiluted stock) Property option agreement to acquire two of PAS exploration projects in Mexico; each property will come with a 2.5% NSR royalty La Negra is an exciting, high grade, potentially open pitable deposit, and Promontorio is a large, lower grade silver resource, which will likely require higher metal prices or better grades to move forwards. Potential for further exploration success within the concession package 28 Photo sourced from Kootenay Silver presentation dated January 2016.

29 Corporate Summary Michael Steinmann, President & CEO 29

30 Operating Forecast 30 (1) Cash costs per payable ounce of silver, net of by-product credits. By-product metal prices assumptions used for forecast cash costs calculation: Au $1,100/oz, Zn $1,700/tonne, Pb $1,600/tonne, Cu $4,600/tonne. Cash costs is a non-gaap measure and readers should refer to the information under the heading Non-GAAP Measure Cash Costs Per Payable Ounce of Silver Produced, Net of By Product Credits at the beginning of this presentation for more information. Exchange rates relative to US$ assumed: Mexican Peso 17:1, Peruvian Sol 3.3:1, Argentinean Peso 11:1, Bolivian Boliviano 7:1.

31 Question Period To ask a question, please press * and 1 on your touch tone telephone. You will hear a tone acknowledging your request Please ensure you lift the handset if you are using a speaker phone before pressing any keys If you wish to remove yourself from the question queue, you may press * and 2 31

32 Archive Webcast The audio and presentation archive of this conference can be accessed for replay by visiting the Events page of our website at: 32