Intercorp Financial Services Inc. Common Shares

Good morning, and welcome to Intercorp Financial Services first quarter 2026 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 Mr. Ivan Peel from Aspire Group. Sir, you may begin.

Thank you, and good morning, everyone. On today's call, Intercorp Financial Services will discuss its first quarter 2026 earnings. We are very pleased to have with us Mr. Luis Felipe Castellanos, Chief Executive Officer, Intercorp Financial Services, Ms. Miquela Casasa, Chief Financial Officer, Intercorp Financial Services, Mr. Carlos Torre, Chief Executive Officer, Interbank, Mr. Gonzalo Basadre, Chief Executive Officer Interseguro, Mr. Bruno Ferrecho, Chief Executive Officer Intelligo. They will be discussing the results that were distributed by the company yesterday. 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. Otherwise, if you need any assistance today, please call Inspire Group in New York on 646-940-8843. 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 account for future economic circumstances, industry conditions, the company's future performance, or financial results. As such, statements made are based on several assumptions and factors that could change, causing actual results to materially differ from the current expectations. For complete note on forward-looking statements, please refer to the earnings presentation and report issued yesterday. It is now my pleasure to turn the call over to Mr. Luis Felipe Castellanos, Chief Executive Officer of Intercorp Financial Services, for his opening remarks. Mr. Castellanos, please go ahead, sir. Thank you.

Good morning, and thank you all for joining our first quarter 2026 earnings call. Let me start on the macro front. 2036 started better than expected, with first quarter GDP growth of around 3.6%, supported by private spending and favorable commodity prices. However, going forward, the outlook remains subject to certain risks. The international environment has become more volatile, with higher energy prices and external uncertainty potentially pressuring inflation and growth outlook. In addition, the potential impact of El Niño could affect activity in the coming quarters if weather-related disruptions materialize. While Peru's monetary framework and macro fundamentals continue to provide support, we believe it is appropriate to remain prudent and closely monitor how both domestic and external risks evolve. Turning to IFS first quarter results, we delivered record quarterly net income of $602 million and an ROE above 19%. These results reflect disciplined execution across our platform and the benefits of our model. At Interbank, we also delivered record quarterly net income, supported by low cost of risk and improving risk-adjusted naming. Loan growth has been more measured due to pension fund withdrawals, although higher yielding segments continue to grow at a high single-digit pace. In parallel, we are making progress with EasyPay, strengthening our merchant franchise and capturing joint business opportunities with the bank. We are also enhancing our small business value proposition through our recently launched business app, while Plin continues to deepen engagement through new features such as Plin Credit Card. Interseguro continues to grow in its core business, supported by private annuities and life insurance. It is also leveraging synergies with Intelligo to expand private annuities and with Interbank to advance integrated bank assurance solutions. Intelligo, our wealth management segment, continues to grow at double-digit rate, reaching a new record in assets under management, thanks to our customers' trust and consistent engagement. IFS remains committed to focus profitable growth with customers at the center of our decisions. We are reinforcing this through digital excellence, deeper primary relationships, and continued investments in technology, GenAI, and innovation to improve productivity and customer experience. Highlight of this quarter was our strategic partnership with InVito. As announced in April, IFS and InVito agreed to acquire InFinanceXP, formerly FinancieraO, through the purchase of IXP Holding for $130 million. We believe this transaction will strengthen our consumer finance and payments ecosystem by combining IFS's capabilities with InRetail's reach, a powerful combination to create a superior value proposition to enhance customer experience in everyday uses through a scalable digital platform. We are committed to do the investments required to make this possible. Looking ahead, we remain focused on executing our strategy in an environment that may continue to be volatile. Our platform and diversified sources of revenues have proven resiliency across cycles. We believe we are well positioned to keep executing our growth strategy with discipline, sustaining profitability, and continuing to strengthen our leadership in Peru. we maintain a strong focus on risk management, efficiency, and disciplined investments. Now, let me pass it on to Miquela for further explanation of this quarter's results. Thank you.