StoneCo Ltd.

Good evening, ladies and gentlemen. Thank you for standing by. Welcome to the StoneCo first quarter 2024 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 material 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 might 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. In addition, many of the risks regarding the business are disclosed in the company's form 20-F, 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, Roberta Noronha, Head of Investor Relations at StoneCo. Please proceed.

Thank you, Operator, and good evening, everyone. Joining me today on the call is our CEO, Pedro Zinner, our Chief Financial and Investor Relations Officer, Matteo Scherer, our Chief Strategy and Marketing Officer, Lia Matos, and our Head of Credit, Gregorio. Today, we will present our first quarter 2024 results and provide an updated outlook for our businesses. I will now pass it over to Pedro so he can share some highlights of our performance. Pedro?

Thank you, Roberta, and good evening, everyone. I would like to begin by briefly talking about our first quarter 2024 results, which I believe are the kickoff of a great year ahead of us. Our business continued to grow strongly while we kept on delivering our strategic priorities. In financial services, we perform well across all of our client offerings. Starting with payments, we posted strong TPV growth, including PIX, and nearly matched the same volumes from the holiday shopping season in the fourth quarter. This quarter, we launched instant payments in TON, fulfilling a key request from our micro merchant clients. In banking, we continue to show progress in onboarding new and existing clients to our bundle banking and payment solution. And today, approximately 80% of our active client base has our bundle offering. A couple of highlights I'd like to make are the start of our pilot with credit cards in Tome and the evolution of the banking solution for SMBs in Stone, with features such as Pixin Lodging for our clients to simplify their workflows around paying their employees. And finally, our credit solution continues to grow according to plan. We maintain our conservative approach, but are testing different client profiles to grow while making sure we balance our credit model. We have set up a specialized desk to offer credit to larger clients with TPV above 500,000 per month. And this is just getting underway. Now let me shift to our software business, which performed well this quarter, showing progress versus our previous quarter results and in line with our strategic priorities. Our vertical software grew well in the first quarter with an annual revenue increase of 12%, which was purely organic. Our enterprise software remains a detractor, moderating our total software revenue growth. considering that we're not emphasizing this part of the business. However, the strong performance in our vertical software combined with our efficiency efforts continue to drive up total profitability in this segment. As we discussed in our investor day, we will continue cross-selling financial solutions into areas of our software client base and evolve on creating software and financial services bundles. In 2024, we are focusing on the retail and gas station vertical, the latter being a highlight in the quarter. In summary, I was pleased with the direction of our first quarter 2024 results, and I think we remain on track to deliver our guidance for the year. Now, I'd like to pass it over to Lia to discuss our first quarter 2024 performance and strategic updates. Lia.