Credicorp Ltd.

Good morning, everyone. I would like to welcome all of you to the Credit Court Limited first quarter 2022 conference call. A slide presentation will accompany today's webcast, which is available in the investor section of Credit Court's website. Today's conference call is being recorded. As a reminder, all participants will be in a listen-only mode. There will be an opportunity for you to ask questions at the end of today's presentation. If you would like to ask a question, please signal by pressing star 1 on your telephone keypad. If you have connected to the call using the HD web phone on your computer, please use the keypad on your computer screen. If you are using a speaker phone, please make sure your mute function is turned off to allow your signal to reach our equipment. Now, it is my pleasure to turn the conference over to Credit Corp IRO, Milagro Ciguanez. You may begin.

Thank you, and good morning, everyone. Speaking on today's call will be Gianfranco Ferrari, our chief executive officer, and Cesar Rios, our chief financial officer. Participating in the Q&A session will also be Francesca Rajo, chief innovation officer, Reynaldo Llosa, chief risk officer, Diego Cabello, head of universal banking, and Cesar Rivera, head of insurance and pensions. Before we proceed, I would like to make a following safe harbor statement. Today's call will contain forward-looking statements, which are based on management's current expectations and beliefs, and are subject to a number of risks and incentives. And I refer you to the forward-looking statement section of our earnings relief and recent filings with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed events or circumstances. Gianfranco Ferrari will start the call discussing our strategic initiative, followed by Cesar Rios, who will comment on the macro environment in which we work, our financial performance, and provide an update on our outlook for 2022. Gianfranco, please go ahead.

Thank you, Milagros. Good morning, everyone. Thank you for joining us today. Let's turn to slide three of our earnings presentation. We were pleased to recently have the opportunity at our digital day to introduce to many of you our holistic approach to continuing to challenge and transform ourselves to maintain our leadership position in Peru and beyond as we expand regionally. Our first quarter results underscored the effectiveness of our strategy as we capture market opportunities capitalized on synergies, and leveraged our brands on scale to deliver on strong operations milestones, financial metrics, and enhanced shareholder value. Despite the current political turmoil, the successful execution of multiple initiatives across our LOBs enabled us to maintain strong solvency and to increase our declared dividend to 15 soles per share for the 2021 fiscal period. Today, we are also adjusting our 2022 outlook for Credit Corp. Cesar will discuss this in more detail shortly. Now, let's turn to slide four. As you all know, when I came to a role of CEO early this year, it was after having spent many years working hand-in-hand with the prior leadership to establish the foundation of what are the key strategic initiatives that we remain focused on today. Two years ago, we announced important additions to our governance and operating structures to ensure that sustainability would remain and become even more a core part of how we do business. In fact, it is one of the three key priorities of our long-term strategy that is guiding the future of credit card businesses and the impact that we want to have on society. At our digital day that took place mid-March, We outlined the governance structure and core initiatives that would also ensure that the early successes in digital transformation we achieved at BCP would be replicated and enhanced throughout the company, all while intensifying our focus on internal and external disruption and innovation to meet and anticipate the needs of our expanding customer base. Finally, everything we do is based on the relationships we have with our customers and and our ability to deliver on the tasks they are putting in us. As such, attracting, retaining, and skilling talent is fundamental to the success of all of our initiatives. Working under a framework guided by these three key priorities will allow us to unlock CraigCorp's full disruptive, scalable, and market expansion potential. Let's turn to slide five to review these initiatives in more depth starting with the acceleration of our digital strategy. As I just mentioned, we've expanded our governance structure by adding two new governance bodies at the credit card level, the Innovation Committee and the BAP Innovation Table, both led by Francesca Raffo, our Chief Innovation Officer. This is designed to enhance our disruptive and entrepreneurship culture while adding an extra layer of support to foster creativity and innovation, while optimizing the return on investment in innovation. Fundamentally, our digital strategy is aimed at facilitating our ability to live our purpose, to contribute to improving lives by driving the changes that our countries need, execute on our values, and achieve our sustainable growth objectives of expanding our total addressable market and strengthening our operational drivers. Our innovation initiatives are taking place both internally through innovation laboratories where we're disrupting ourselves and expanding our tech capabilities and data-driven approach at each of our subsidiaries, and externally through CREANO, the Corporate Venture Capital Center. Please turn to slide six. To successfully meet our transformation and growth objectives, we are committed to continuing to retain and attract the best talent. all by managing their potential development and succession with a comprehensive value proposition that strikes a balance between human and business perspectives. In 2022, our talent strategy parallels our business transformation strategy. This includes focusing on developing an attractive talent with technological and digital capacities while accelerating initiatives for gender equality. We know this is a competitive environment for talent and are committed to evolving our model to offer current and potential employees a proposal that focuses on their personal development, flexibility, and well-being, including specifically addressing executive compensation and a hybrid remote work-from-home approach. This is generating new opportunities and realities for us by facilitating borderless hiring. Moving on. On to an ESG update on slide 7. During the quarter, we were especially active within the environmental and social fronts as we continued to progress along our ESG journey. On the environmental front, we doubled down our eco-factoring products, reaching 4 million sold in disbursements during the first quarter of the year. We also launched green products, such as financing imports and acquisition of electric vehicles at BCH. at DCP Bolivia and continue to develop capabilities on sustainability issuance at . During the quarter, we financially included over 275,000 people through our digital wallet. We also accelerated our gender equality initiatives with our Creative Mujer Fund at Nibarco, Peru, supporting more than 6,000 women. While at Nibarco, Colombia, we issued the first social bond with a gender focus. raising $20 million to fund microloans for Colombian women entrepreneurs. On governance, two of our subsidiaries were recognized by AmeriCorps for their good corporate reputation and were ranked among the top 20 best companies in Peru. You will note that we have included a new section in our earnings report outlining our ESG priorities and approach. We will be updating our progress on a quarterly basis. We were pleased that the progress we are making on our sustainability journey is being recognized by the market. Not only did MSCI upgrade Cracov's ESG rating to the leaders category this past December, but Sustainalytics also improved Cracov's ESG risk score in February 2022. Finally, I invite all of you to review our two recent publications on sustainability. an update on our 2020-2025 sustainability strategy and execution, and our 2021 annual sustainability report. Now, let me turn the call to Cesar Rios, who will provide a brief overview of our operating and financial performance for the quarter. Cesar, please go ahead.