ASAI - Sendas Distribuidora S.A. (ASAI) Q1 2024 Earnings Call Transcript

2024-04-25 16:16:06 ET

Sendas Distribuidora S.A. (ASAI)

Q1 2024 Earnings Conference Call

April 25, 2024 10:00 AM ET

Company Participants

Gabrielle Helú – Investor Relations Director

Belmiro Gomes – Chief Executive Officer

Vitor Fagá – Vice President-Finances and Investor Relations

Sandra Vicari – Vice President-Commercial and Logistics

Wlamir dos Anjos – Vice President-Operations

Anderson Castilho – Vice President-People and Sustainability

Conference Call Participants

Maria Clara – Itaú

Ruben Couto – Santander

Vinícius Strano – UBS

João Pedro Soares – Citi

Felipe Rached – Goldman Sachs

Bob Ford – Bank of America

Felipe Cassimiro – Bradesco BBI

Gustavo Senday – XP

Andrew Rubin – Morgan Stanley

Presentation

Operator

Good morning everyone and thank you for waiting. Welcome to the Earnings Call for the First Quarter of 2024 Assaí Atacadista. I want to highlight that if you do need simultaneous translation, we have this tool available on our platform. To access, please select the interpretation button through the globe icon on the bottom part of your screen and choose your language of preference, Portuguese or English. This earnings call is being recorded and will be provided on the IR website in the company at ir.assai.com.br where you can already find the earnings release.

During the presentation all of the participants will have their mics off. Soon after, we'll begin the Q&A session. To submit a question, please select the Q&A icon on the bottom part of your screen. Write your name, company and language to enter the queue. As you're announced, a request to activate your mic will appear on the screen. Then you must activate your mic to submit questions. All questions should be submitted at once. We want to highlight that the information in this presentation possible statements that could be made during the earnings call related to business perspectives, forecasts, and operational and financial targets at Assaí represent beliefs and assumptions of the company's management, as well as information that's currently available. Future statements are not a guarantee of performance. They involve risks, uncertainties and assumptions because they relate to future events and thus rely on circumstances that could or not occur. Investors must understand that general economic conditions, market conditions and other factors may affect the future performance at Assaí and lead to results that differ materially from those listed in such future statements.

Now we'll pass the floor on to Gabrielle Helú, the Investor Relations Director at Assaí.

Gabrielle Helú

Good morning, ladies and gentlemen, and thank you for participating in our earnings call for the first quarter of 2024. I want to present our executives present today during this discussion. We have our CEO, Belmiro Gomes; and our four VPs, Vitor Fagá, the VP for Finances and Investor Relations; Wlamir dos Anjos, Commercial and Logistics VP; Anderson Castilho, the Operations VP; and Sandra Vicari, VP for People and Sustainability.

Before we begin the presentation, I'll pass the floor on to Belmiro for his initial remarks. Please, Belmiro.

Belmiro Gomes

Okay, thank you Gabi. Thank you ladies and gentlemen, for your participation in one more earnings call at Assaí. Our VPs, I want to thank you for your presence also as they'll be participating in this presentation and also Vitor. He's – warm welcome. He just joined our team recently. He is going to talk about our financial aspects and other contributions. So welcome Vitor. And now, as we get into the presentation, I wanted to thank our team from all the different areas. I want to thank our board as well for their support and interaction with the company. And also we want to thank the 76 million customers that have been visiting all of our stores. During the first quarter, we had an increase of 13% in the customer flow. As you can see, we like highlighting this a lot and really looking at this in a nominal way....

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