Intercorp Financial Services Inc. Common Shares

Thank you for holding for IFS fourth quarter conference call. The conference will begin in a few minutes. We appreciate your patience. In the meantime, please refresh your screens in order to update the webcast presentation. Thank you. Thank you. Good morning, and welcome to Intercorp Financial Services' fourth quarter 2022 conference call. All lines have been placed on mute to prevent any background noise. please be advised that today's conference is being recorded. After the presentation, we will open the floor for questions. At that time, instructions will be given as to the procedure to follow if you would like to ask a question. Also, you can submit online questions at any time today using the window on the webcast, and they will be answered after the presentation during the Q&A session. Simply type your question in the box and click Submit Question. It is now my pleasure to turn the call over to Rafael Borja of Inspire Group. Sir, you may begin.

Thank you, and good morning, everyone. On today's call, Intercore Financial Services will discuss its four-quarter 2022 earnings. We are very pleased to have with us Mr. Luis Felipe Castellanos, Chief Executive Officer of Intercore Financial Services, Mrs. Miquela Casasa, Chief Financial Officer of Intercore Financial Services, Mr. Gonzalo Basadre, Chief Executive Officer of Interseguro, Mr. Bruno Ferrecho, Chief Executive Officer of Inteligo, and Mr. Carlos Tori, Executive Vice President of Payments at Intercore Financial Services. They will be discussing the results that were distributed by the company on Monday, February 13th. There is also a webcast video presentation to accompany the discussion during this call. If you didn't receive a copy of the presentation or the earnings report, they are now available on the company's website, ifs.com.pe, to download a copy. Otherwise, for any reason, if you need any assistance today, please call Inspire Group in New York at 212-710-9686. I would like to remind you that today's call is for investors and analysts only. Therefore, questions from the media will not be taken. Please be advised that forward-looking statements may be made during this conference call. These do not feature economic circumstances, industry conditions, the company's future performance, or financial results. As such, The statements are based on several assumptions and factors that could change causing actual results to materially differ from the current expectations. For a complete note on forward-looking statements, please refer to the earnings presentation and report issued on Monday, February 13th. It is now my pleasure to turn the call over to Mr. Luis Felipe Castellanos, Chief Executive Officer of Intercall Financial Services, for his opening remarks. Mr. Castellanos, please go ahead, sir.

Okay, thank you very much. Good morning and welcome to our fourth quarter and full year 2022 earnings call. Thank you to you all for attending today's call. I wanted to start by making a brief summary of our strategy, the one that we are deploying at IFS. As we have shared with you before, our purpose at IFS is to empower all Peruvians to achieve their financial well-being. We're committed to do so through our four operating business segments. Our aspiration includes to increase our customer base by leveraging data and analytics with sound rich management skills. To provide the best digital experience based on operational excellence. This while building a leading digital financial platform to provide profitable solutions in our key businesses that have a clear strategic focus on payments, consumer financing, wealth management, and life insurance. To achieve all these goals, we continue to work on four main pillars. We are developing a simple, resilient, and scalable technology platform for current and future growth. We are becoming a data-driven organization with deep understanding of Peruvians and consumer preferences. We are focused on attracting and developing the best talent within our remote first framework that allows us to increase productivity and to reach the best talent regionally. And we want to become a leader in sustainability. We are adopting stronger and more widespread ESG practices to drive value creation for all of our stakeholders. This is our strategy, and we continue to execute it with a long-term vision. We know that we are operating in an environment of macro and political instability in our country. However, this should not distract us from reaching our objectives. We are being cautious with our operations, given the scenario we are facing, but we remain committed to helping Peru and Peruvians to overcome these challenging times. Regarding GDP growth in Peru, December's monthly figure is expected to be announced today. But looking at the past month's figures and considering that we have had disruption occurred at the end of last year, we would expect weakened full-year growth levels. Prospects for 2023 show most forecasts pointing to less than 2% growth this year. Nevertheless, We remain confident that Peru's fundamentals, as well as a low open international products and the accelerated trend of digital payments, provide plenty of opportunities for our businesses. As you will see during this call, IFS continues to show resilience in its core operations. Our banking franchise delivered solid results in 2022 with growth in net interest income and fees offsetting the requirement of higher provisions. while delivering clear improvements in efficiency. Our insurance segment continues to recover its investment performance, and the wealth management segment posted positive numbers this quarter after two quarters of losses related to market conditions. Finally, our payments ecosystem continues to expand and is in good shape to seek further growth. With this, let me pass it on to Miquela for a detailed update of our results. Once again, thanks very much for attending our call.