Grupo Supervielle S.A.

Good morning and welcome to Grupo Superviel's first quarter 2026 earnings call. I'm Ana Bartizaghi, Treasurer and IRO. Today's conference call is being recorded. For the Q&A session, please ensure your full name appears on Zoom. You can ask questions by voice or through the Q&A chat box. Speaking today are Patricio Superviel, our Chairman and CEO, Gustavo Paco Manrique, CEO of Angus Superviel, and Mariano Viglia, our CFO. Diego Pizzulli, CEO of Invertir Online, will also be available during the Q&A session. Before we begin, please note this call may include forward-looking statements. Please refer to our earnings release and SEC filings for further details. Patricio, please go ahead.

Thank you, Anna. Good morning, everyone, and thank you for joining us today. The first quarter marked an early but important step in our earnings recovery, with underlying profitability returning to positive territory, excluding extraordinary severance charges. We maintain a disciplined approach to growth, Loans declined sequentially, reflecting seasonally lower demand in local currency lending and our continued focus on selective origination. U.S. dollar loans grew 13% in original currency terms, although peso appreciation masked growth when reported in local currency. We also further optimize our funding mix by reducing high-cost wholesale deposits and strengthening deposit quality. Asset quality showed early signs of servitization. While the NPL ratio stood at 5.6% at quarter end, delinquency trends improved slightly through March, following the February peak. In parallel, Cost of risk improved by 400 basis points to 6% from 10% in the fourth quarter, supporting our view that credit costs peaked at the end of last year. During the quarter, we implemented a voluntary retirement plan to further align our operating model with evolving customer behavior as activity continues to migrate towards digital and virtual channels. With 15% of employees taking the voluntary retirement plan to date and 9% at quarter end, we are well positioned for a structurally leaner cost base going forward. PACO will discuss this initiative and its profitability impact in greater detail. The related severance charges contribute to a net loss in the quarter. Excluding this effect, the business generated net income of Argentine pesos 6.7 billion, with an adjusted return on average equity of 2.5%. Net interest margin remained as solid at 17.7%. benefiting from lower funding costs, while our CT1 ratio stood at 15.4%, reflecting a strong capital position to support future growth. At the business level, we continued executing our ecosystem strategy and cross-selling initiatives, particularly through Invertir Online, where assets under custody reached approximately $2.7 billion up from $2.2 billion a year ago. Cuenta Hit Yol, launched by the bank to drive client acquisition within our ecosystem, reached a peak of approximately 13,000 new accounts in March. We also continued advancing innovation at Invertir Online with the launch of a differentiated AI enabled investment experience powered by Claude, allowing customers to interact with our portfolios, access market insights and manage investment decisions through natural language. Overall, the quarter showed clear progress with underlying profitability turning positive in March and other operating trends continuing to improve into April. Importantly, These results reflect disciplined execution by an experienced leadership team with active asset and liability management, improving efficiency and protecting the franchise while maintaining a clear focus on profitability. Stepping back for a moment, let me frame the external drivers behind the quarter's performance and our outlook for the rest of the year. The year began with inflation running above expectation, high rate volatility and tight monetary conditions waving on activity and profitability across the system. Conditions improved as the quarter progressed, with interest rates declining by March. The policy framework also continues to evolve constructively. Fiscal discipline, reserve accumulation, higher exports, the IMF staff level agreement and progress on structural reform, including the recent labour and glacier laws, are improving visibility and supporting exchange rate stability. Looking ahead, policy execution will remain critical. Sustaining the fiscal anchor continuing to normalize monetary policy and easing FX restrictions in an orderly manner will be important to preserving confidence and reducing volatility. For the banking system, a more predictable macro environment should gradually improve financial intimidation. Lower inflation and more stable rates should support credit demand while improved visibility allows us to deploy capital selectively and continue prioritizing profitable growth and discipline risk management. In this context, Superville enters the next phase from a stronger position with improving credit trends, a better funding mix, and a structurally more efficient operating platform. With that, I will turn the call over to Paco who will discuss the key drivers.

Thank you, Patricio. Good morning, everyone. Turning to slide five, I will walk through the main operation drivers of the quarter and the actions we are taking to improve the bank's earnings profile. Starting with the balance sheet, we continue to manage the business with a prudent approach prioritizing asset quality and profitability over volume. Soft demand in local currency lending led us to remain disciplined while we continue to optimize our funding mix. As Mariano will discuss shortly. We also further reinforce our senior leadership team with the appointment of Juan Manuel Truppia as Chief Treasury and Global Market Officer this month capitalizing on evolving market opportunities. Our strategy is beginning to deliver the expected results, as it was improved as the quarter progressed, with the delinquency levels showing signs of stabilization through March. This was supported by collection and refinancing initiatives implemented across the branch network since last December. In parallel, cost of risk declined significantly from four-quarter heights, reinforcing our view that we have moved past the peak of the credit cycle. We also made important progress on structural efficiency. During the quarter, we implemented a headcount right-sizing plan to align our operational model with changing customer behavior as clients continue migrating towards digital and virtual channels. These efficiencies are the result of work we have been doing for some time to redesign the service model around simple, more agile customer experiences. We scaled digital and virtual service channels, centralized key processes, and improved operation discipline across the network. This allowed us to execute the plan without compromising service quality. Together with our ongoing technology-driven transformation, these initiatives positioned the banks for a more efficient, scalable, and cost-based Annual savings are expected to be approximately $33 billion in personal expenses, supporting a more efficient earnings profile going forward. Taken together, the quarters show clear progress. Underlying monthly earnings turned positive in March, asset quality trends improved, and momentum continued into April. With that, I will hand the call over to Mariano, who will take you through the financial results, including how these initiatives are impacting results for the quarter, and our guidance for the year.