PagSeguro Digital Ltd. Class A Common Shares

Good evening! My name is Caio and I will be your conference operator today. Welcome to PagSeguro Digital Earnings Conference call for the second quarter of 2023. At this time, all lines have been placed on mute to prevent any background noise. Should any participant need assistance during the call, please press star zero to reach the operator. This event is also being broadcast live via webcast and may be accessed through PagBank website at investors.pagseguro.com. Participants may view the slides in any order they wish. Today's conference is being recorded and will be available after the event is concluded. I would now like to turn the call over to your host, Eric Oliveira, Head of IR. Please go ahead.

Hello, everyone. Thanks for joining our second quarter 2023 earnings results call. After the speaker's remarks, there will be a question and answer session. Before proceeding, let me mention that any forward-looking statements included in the presentation or mentioned on this conference call are based on currently available information and PagSeguro Digital's current assumptions, expectations, and projections about future events. While PagSeguro Digital believes that the assumptions, expectations, and projections are reasonable in view of currently available information, you are cautioned not to place into reliance on these forward-looking statements. Actual results may differ materially from those included in PagSeguro Digital's earnings presentation or discussed on this conference call, for a variety of reasons, including those described in the forward-looking statements and risk factor sections of PagSeguro Digital's most recent annual report on Form 20F and other filings with the Securities and Exchange Commission, which are available on PagSeguro Digital's Investor Relations website at investors.pagbank.com. Finally, I would like to remind you that during this conference call, the company may discuss some non-GAAP measures, including those disclosed in the presentation. We present non-GAAP measures when we believe that the additional information is useful and meaningful to investors. The presentation of this non-GAAP financial information, which is not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered separately from or as a substitute for our financial information prepared and presented in accordance with IFRS as issued by the IASB. For more details, the foregoing non-GAAP measures and the reconciliation of these non-GAAP financial measures to the most directly comparable IFRS measures are presented in the last page of this webcast presentation and earnings release. With that, let me turn the call over to Ricardo. Thank you.

Hello, everyone, and thanks for joining our second quarter 2023 earnings call. Tonight, I have the company of Alexandre Maiani, our CEO, Artur Schunk, our CFO, and Eric Oliveira, head of IR. Before Alexandre and Artur share the main highlights for the quarter, I would like to share the most recent milestones in the first half of 2023. Going to slide three. We ended June with 29.5 million clients, which along the past years found in our comprehensive set of payments and financial services solutions the opportunity to experience a simple, safe, seamless, and digital way to manage their financial lives. By using our POS devices, our online and cross-border payment platforms, our proprietary set of softwares, and our digital bank, we were able to surpass more than 2 trillion reais in volumes processed. Interesting to point out that it took 16 years for the company to surpass the first 1 trillion in volumes, and only in one year to surpass the second trillion. At the same time, we have maintained our consistency and discipline throughout several scenarios such as pandemic, interest rate cycles and changes in the competitive and regulatory landscape. Still, Our strategy to combine growth with profitability since day one led to our solid financial position of R$7.6 billion in accumulated net income and more than R$10 billion in net cash balance. We kicked off August with S&P Global attributing the highest rating in the local scale, BRAAA, to Banco Seguro, our subsidiary responsible for the issuance of PagBank Certificate of Deposits. one of our competitive strengths in our funding strategy. I would like to take advantage to reinforce our commitment to our mission to make easier the financial lives of Brazilians by offering a one-stop-shop solution through one app, one internet banking, and one customer care center. Now, I pass the word over to Alex for the commentaries on the second quarter 2023 highlights. Thank you.