StoneCo Ltd.

Good evening, ladies and gentlemen, and thank you for standing by. Welcome to the StoneCo third quarter 2022 earnings conference call. By now, everyone should have access to our earnings release. The company also posted a presentation to go along with its call. All materials can be found online at investors.stone.co. Throughout this conference call, the company will be presenting non-IFRS financial information. including adjusted net income and adjusted net cash. These are important financial measures for the company, but are not financial measures as defined by IFRS. Reconciliations of the company's non-IFRS financial information to the IFRS financial information appear in today's press release. Finally, before we begin our formal remarks, I would like to remind everyone that today's discussion may include forward-looking statements. These forward-looking statements are not guarantees of future performance and therefore you should not put undue reliance on them. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from the company's expectations. Please refer to the forward-looking statements disclosure in the company's earning press release. In addition, many of the risks regarding the business are disclosed in the company's form 20F filed with the Securities and Exchange Commission. which is available at www.sec.gov. I would now like to turn the conference over to your host, Rafael Martins, Vice President of Finance and Investor Relations Officer at ZoneCo. Please proceed, sir.

Rafael Martins Thank you, operator, and good evening, everyone. Joining us today on the call, we have our CEO, Thiago Pial, and our Chief Strategy Officer, Lia Matos. Today, we will present our third quarter 2022 results discuss some recent trends, and provide an updated outlook for our business. I will now pass it over to Tiago so he can share some highlights of our performance. Tiago?

Thank you, Rafa, and good evening, everyone. This quarter, we had strong growth with market share gains, doubled our profits sequentially, accelerated our net addition of clients, and generated strong liquidity with improving adjusted net cash. Our profitability recovery is also gaining momentum. Five things that I would like you to keep in mind about this quarter. First, our business is growing at a very strong pace. Our revenue grew 71% year over year. We accelerated quarterly MSMB net additions to reach 2.3 million clients. And we accelerated our market share gains in payments. Two, we saw consistent improvement in our profitability. We doubled our profit versus last quarter with strong margin improvement and an adjusted EBT of R211 million in the quarter, significantly above our guidance of over R125 million. Three, our banking business continues to perform very well. We accelerated the growth of active banking clients and the volume of our client deposits, resulting in an increase in the average revenue per client. Fourth, growth in our software business exceeded 20% year-over-year, driven by our core POS and ERP solutions. The adjusted EBITDA margin in this segment increased significantly year-over-year and was stable quarter-over-quarter. We expect our adjusted EBITDA margin in software to improve in the fourth quarter. Finally, our business continues to generate cash. our adjusted net cash balance grew faster, increasing by R$350 million this quarter and R$813 million year-to-date. I will now pass it over to Lia, who will provide more details about our third quarter performance and strategic updates. Lia?