Ticketplus Ltd. Ordinary Shares

and welcome to the Ticket Plus Third Quarter 2026 Financial Results Conference Call. At this time, all participants are in a listen-only mode. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the conference over to Jack Perkins of KCSA Strategic Communications. Please go ahead.

Thank you, Operator, and good morning, everyone. Thank you for joining us for the Ticket Plus Third Quarter 2026 Earnings Conference Call. With me today are Chien-Fu Chen, Chief Executive Officer, and Joaquin Jadue, Chief Financial Officer. Earlier this morning, Ticket Plus issued a press release announcing its financial results for the third quarter ended September 30, 2026, and furnished a report on Form 6-K to the Securities and Exchange Commission. Investments in its Platform and Market Opportunity These statements are based on management's current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to the risk factors in the company's registration statement on Form F1, its final prospectus dated August 6, 2026, and its other filings with the SEC. The company undertakes no obligation to update any forward-looking statement, except as required by law. During the call, management will refer to adjusted EBITDA, adjusted EBITDA margin, adjusted net profit, and adjusted earnings per share, which are non-IFRS financial measures. Reconciliations to results from continuing operations, the most directly comparable IFRS measure, are included in this morning's press release. A replay of this call will be available through November 11, 2026. This is TicketPlus' first earnings call as a public company. Chen Fu will begin with an introduction to the company and a review of the quarter. Joaquin will then cover the financial results and 2026 outlook. With that, I will turn the call over to Chen Fu Chen. Chen Fu, please go ahead.

Thank you, Jack, and good morning, everyone. Welcome to our first earnings call as a public company. In August, we reached a major milestone by listing our ordinary shares on the NYSE American under the symbol TP. Thank you for your dedication and support. While foreign private issuers are not required to report quarterly results, we believe regular communication with our investors is important. We are pleased to provide quarterly updates and host this call to share our progress, discuss our performance and keep investors informed about the business. Because this is our first call, I will start by explaining who we are, the market we serve and how our business works. Then, I will review the third quarter business and operational highlights before turning the call over to Joaquin, who will take you through our financial results and 2026 outlook. At its core, TicketPlus is the technology infrastructure that powers live entertainment across Latin America. TicketPlus was founded in 2014 in Santiago, Chile, and today, our chairman, Jethro Dinamarca, our CFO, Joaquin Jadue, and I lead the company together. We have active markets in 11 countries. Argentina, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, Mexico, Paraguay, Peru, the United States, and Uruguay. In 2025, our platform processed more than 10.2 million tickets across more than 39,800 events, with total platform sales, or GMV, of approximately $269 million. What sets Ticketplus apart is our platform that integrates ticketing, payments, access control, and data analytics in one system. We own it, and our in-house product and engineering team designs it and directs its development. We use artificial intelligence and machine learning in areas such as personalization, demand forecasting, pricing recommendations, and fraud detection. While ticketing is our first product and primary entry point for our partners, our long-term opportunity lies in the transaction, data, and operating layer around live entertainment. US investors often compare us to the large global ticketing companies they know. Those companies concentrate on major concert tours and large venues. Our core customers are the independent promoters, theaters, regional venues, sports organizations, and recurring events that run week after week across Latin America. That is the segment where we have built our business. Latin America is a large, young, and rapidly growing market for live entertainment, and we believe one of the most attractive growth opportunities in the industry globally, with smart ticketing adoption outpacing global averages. The market is also highly fragmented compared with North America and Europe. Thousands of promoters and venues run their own calendars with their own tools. We built TicketPlus for those operators and we believe our platform positions us to capture a growing share of this market. Our platform gives promoters and venue operators everything they need to run an event. It is built around six core capabilities. A platform core for branding, configuration, payments and settlements. A high-concurrency ticketing engine with virtual queues, seatmaps and season tickets. A marketplace that distributes events to our own audience through our app, email and SMS. Data and analytics, with real-time dashboards and reporting for our partners. Extended products such as memberships, e-commerce, streaming and loyalty programs. And on-site operations, including point-of-sale, box office, access control and cashless payments. This design allows partners to activate only what they need and add capabilities as they grow. Because TicketPlus sits in the middle of the transaction, from the moment an event is created to the final scan at the gate, our platform captures data on every ticket sold, refunded or transferred. That data, built over 12 years across our markets, helps our partners understand how consumers buy and how demand moves across the region, and helps us build better products. We operate one platform with a range of services, offered through two complementary models. Through our white label SaaS model, partners run their own operations on TicketPlus technology, under their own brands. We provide the technology, and they bring their knowledge of the local market. Through our full operation model, we also run sales, marketing and on-site operations for our clients. The two models complement each other. Each partner chooses the services it needs, from our technology alone to full operations, and partners can add services as they grow. White Label lets us enter new markets quickly, and full operations let us capture a greater share of the value of each ticket where we operate directly. In some cases, as with Alto Entrada, a long-standing partner chooses to become part of TicketPlus. Our business is also diversified across entertainment verticals. In 2025, sports made up 32% of our platform sales, music 30%, and holiday events 22%, with travel, theater, the arts, and other categories making up the rest. What we have built is difficult to copy. Across our markets, we have built localized fiscal compliance, invoicing, and consumer protection into the platform. We have integrated local card networks, bank transfers, installment payment plans, and digital wallets. We work with more than 2,800 promoters and venues, and we hold 12 years of transaction, pricing, and attendance data across the region. Our growth strategy has four parts. First, we will keep expanding our platform across our markets, with partners and clients choosing the services they need. Second, we will continue to add white label partners and grow together with them. Third, we will deepen our full operations where we operate directly. And fourth, we will keep building our technology, including fraud detection, pricing recommendations, and demand forecasting powered by artificial intelligence. Turning to our third quarter highlights. The third quarter was a milestone period for TicketPlus. Joaquin Chien-Fu In the first nine months of the year, we processed 1.7 times the platform sales of all of 2025, and our revenue and net profit for the nine months already exceed those of all of 2025. We were profitable in the quarter, with net profit of $1.6 million after a one-time, non-cash, share-based payment expense of $1.2 million tied to the completion of our IPO. Joaquin will walk through the details later in the call. On August 10th, we completed our initial public offering of 1,875,000 ordinary shares at $8 per share, and on August 12th, the underwriters partially exercised their over-allotment option for an additional 258,814 shares. This generated aggregate gross proceeds of approximately $17.1 million, and net proceeds were approximately $15.5 million. We ended the quarter with $17.0 million in cash and cash equivalents, more than our total bank borrowings. which strengthens our ability to execute our strategy. In September, we completed our first acquisition as a public company. On September 18th, we acquired Autoentrada S.A., a long-standing ticketing company based in Córdoba, Argentina, with more than two decades of operating history, which had operated on our platform as a white-label partner since 2019. Autoentrada now operates as our full operation in Argentina, Lead by its founder, Eric Lopez, who joined us as Country Manager for Argentina and gives us a local operating platform to serve promoters and venues in that market. Our white label business continues to grow quickly. In the first nine months of 2026, platform sales processed for our white label partners more than tripled year over year and accounted for more than half of total platform sales. More and more of the region's live entertainment runs on our technology. Our full operations capture a greater share of the value of each ticket, and our white label model gives us scale. We measure our progress with three operating metrics, total platform sales, events processed, and active markets. In the first nine months of 2026, Total platform sales were $457.8 million, up 131.5% year-over-year. We processed more than 62,400 events on our platform, already more than in all of 2025. We had 11 active markets at the end of September. We count a market as active when our platform is live there, with local payment methods enabled, at least one contracted client or partner, and ticket sales during the period. We continue to invest in the platform ahead of growth. This year, our development work has focused on preparing the platform for white-label deployments in markets beyond our current footprint and on expanding the services we offer under our full operation model. And lastly, on September 30th, we strengthened our governance by engaging Fernando Masu, former Chief Executive Officer of CorpBanca, as Lead Strategic Advisor for Latin American Regional Strategy and Governance. Fernando's extensive background will be invaluable as we scale across the region. With that, I will turn the call over to Joaquin to review our financial results and our 2026 outlook. Joaquin?