Ultrapar Participacoes S.A. (New) American Depositary Shares (Each representing one Common Share)

Good morning, ladies and gentlemen. At this time, we would like to welcome everyone to UltraPAR's 2Q20 results conference call. There is also a simultaneous webcast that may be accessed through UltraPAR's website at ri.ultra.com.br and the MZIQ platform. Please feel free to flip through the slides during the conference call. Today with us, we have Mr. Federico Curado, Chief Executive Officer and Mr. Andre Pires, Chief Financial and Investor Relations Officer together with other executives of UltraPAR. We would like to inform you that this event is being recorded and all participants will be in listen-only mode during the company's presentation. After UltraPAR's remarks are completed, there will be a question and answer session. At that time, further instructions will be given. Should any participant need assistance during this call, please press star zero to reach an operator. We remind you that questions which will be answered during the Q&A session may be posted in advance in the webcast. A replay of this call will be available for one week. Before proceeding, let me mention that forward-looking statements are being made under the Safe Harbor and Security of Litigation Reform Act of 1996. Forward-looking statements are based on the beliefs and assumptions of UltraPAR management and on information currently available to the company. They involve risks, uncertainties, and assumptions because they relate to future events and therefore depend on circumstances that may or may not occur in the future. Investors should understand that general economic conditions, industry conditions, and other operating factors could also affect the future results of UltraPAR and could cause results to differ materially from those expressed in such forward-looking statements. Now, I'll turn the conference over to Mr. Curado. Mr. Curado, you may begin the conference.

Thank you and welcome everyone to our quarterly call. This quarter, of course, we felt the direct impact of the COVID-19 pandemic. But in retrospect, we believe that our ability to manage our operations during this crisis proves quite efficient, and we were actually able to go through these three challenging months better than we expected. So, well, since the end of March, we established two priorities, first being the safety of our people, and the second being the continuity of our operations. Let's keep in mind that all of the five businesses were considered essential to the population and we had an obligation to keep our customers and our consumers properly served regardless of the challenges. So as far as our people do, we have had about 500 confirmed cases so far. which is about equivalent to about 3% of our team. Of those 500 cases, about 450 have already recovered and are returning to work.

The remaining, around 50, they are fulfilling the quarantine.