Sigma Foods SAB

Good afternoon and welcome to Alpha's first quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. There will be a question and answer session at the end of the presentation with instructions given at that time. You may also submit questions at any time during the call using the Q&A button on the webcast, which will be answered during the Q&A session. As a reminder, today's conference is being recorded. Now, I would like to turn the call over to Mr. Hernan Lozano, Vice President of Investor Relations. Mr. Lozano, you may begin.

Good day, everyone, and welcome to Alpha's first quarter 2025 earnings conference call. Further details about our financial results can be found in our press release, which was distributed yesterday afternoon, together with a summarized presentation. Both are available on our website in the Investor Relations section. Let me remind you that during this call, we will share forward-looking information and statements, which are based on variables and assumptions that are uncertain at this time. It is my pleasure to participate in today's call together with Eduardo Escalante, Alfa's CFO, and Roberto Olivares, Sigma's CFO. Before moving on, Just a quick reminder that all consolidated figures referenced in this call exclude Alpec, which meets the definition of a discontinued operation in accordance with IFRS. I will now turn the call over to Eduardo.

Thank you, Hernan, and thank you all for joining us today. I will focus on updates related to Alpha's transformation process, and Roberto will provide an update on Sigma's results. We received the final requirements to list Controladora Alpec in late March, ahead of our expectations. As a result, Alfa shareholders received Controladora Alpec shares in anticipation to its first day of trading on April 7th. Since then, our corporate transformation is complete. Alpha has evolved from a diverse portfolio of business units to a focused food company with leading brands across 17 countries. It has been encouraging to see the transformation being recognized by the investment community as demonstrated by the narrowing of the historic valuation gap versus global food peers. We expect this positive trend to continue as we keep driving Alpha Sigma's recognition within the consumer sector. Our simplified food focus business model and lower leverage were recently recognized by S&P. We are pleased to see our credit ratings improve one notch within the investment grade spectrum. both alpha and sigma, are now BBB rated credits, up from BBB minus. Our goal when we started this multi-year process was to unlock the intrinsic value of alpha's individual businesses by enabling each of them to be valued on their own merits. Investors having provided the opportunity to participate in each unit separately. Now that the transformation is complete, we look forward to each of the companies reflecting a fair valuation compared with this sector-specific peer group. I will now turn the call over to Roberto to discuss Sigma's results.