Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Hello, good morning everyone and welcome to our earnings call for Q1 2024. I'm Luiz Roberto Tiberio, I'm an investor relations superintendent. Andres Salcedo is here with us, he's the CEO, Katia Pereira. the company's CFO and IR director, and Marcelo Miaghi, who is the accounting superintendent. I'll turn it over to André, but before that, I'd like to share some announcements and guidelines. There's simultaneous translation into English and this call is being broadcast. This presentation and the video will be available for download on the Investor relation website. You can send your questions in writing using the platforms chat. The call will last one and a half hours, and we'll have time for questions and answers from investors, analysts, and journalists. Also, we'd like to mention that there might be forward-looking statements in this call referring to our business outlook, operating and financial results estimates, And they're based on the management's expectations and beliefs and on available information today and do not constitute any investment recommendation. Forward-looking statements do not guarantee performance. They involve uncertainties, assumptions, and risks presented in disclosed documents filed by SEBASP. They depend on future events and they might or not come true. So investors need to take into account industry and other operating conditions that might affect future results and might lead to results that are substantially different than the ones presented here. Now I'd like to turn it over to Andre Saucedo. Over to you, Andre. Thank you, Tiberio, and good morning, everyone. So let's have a look at our performance of Q1 2024. We tried to follow the adjustment journey of the company and to conclude some steps of the restructuring that we started last year.

There are some levels of accommodation.

for the new shared service center and a new IT strategy. Important to point out the performance of our engineering operations teams and regulatory team with the support of everyone on the company in defining the contribution for the regulatory model for the privatization process. So we had many debates and discussions. Management invested a lot of time to design a balanced model.