Martinrea International Inc Q4 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst : Pat, you talked about this elevated -- can you hear me, Pat?

Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst : You talked about the elevated level of launches. Can you disclose what are the major programs that you're in launch phase with now?

Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst : Pat, a question for you on Europe. With the parts interruption as a result of the conflict in Ukraine, are you seeing downtime now from your customers? When like are you seeing the downtime? Is it this week or next week or what's happening?

Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst : But do you not sell to Volkswagen, for example, they've announced downtime?

Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst : And Fred, I just wanted to ask you like can you just summarize how much has Martinrea invested in NanoXplore and VoltaXplore? Can you just kind of review your investment and --?

Question: Peter Sklar - BMO Capital Markets Equity Research - Analyst : And I don't really pay attention that closely to NanoXplore. I notice the stock has gone to CAD 4. Has there been any fundamental change at the company?

Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst : Fred, I think early you quoted to the CAD 40 million number in terms of inflation, can you just recap what that was? I missed it.

Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst : And in terms of energy, just curious, is there anything -- I mean could you implement like an energy surcharge or something in Europe and just how you can manage that?

Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst : And just to be clear, do you guys have any sales at all into Russia or Ukraine?

Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst : How far you want to go?

Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst : The blockages from the Ambassador, is there anything that's sort of behind this? Would that be a material impact in Q1?

Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst : Maybe just in terms of guidance, I appreciate why you haven't sort of provided quarterly guidance recently, but is there an expectation at some point you might start doing that again or no?