Sigma Foods SAB

Good morning and welcome to the Sigma Foods second quarter 2026 earnings conference call. All participants are currently in listen only mode. After the company's prepared remarks, we will open the call for a question and answer session. As a reminder, today's call is being recorded. The replay will be available on Sigma Foods investor relations website later today. I will now turn the call over to Hernan Lozano, Sigma Foods IRO.

Thank you, operator. And good morning to everyone joining us today. Further details regarding our second quarter results can be found in the press release and earnings presentation that were distributed yesterday. Both documents are available in the investor relations section of our website. Before we begin, please note that today's discussion will include forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results may differ materially. Sigma Foods undertakes no obligation to update these statements. It is my pleasure to participate in today's call together with Rodrigo Fernandez, CEO, and Roberto Olivares, CFO. Today's agenda is straightforward. Rodrigo will start a strategic overview, Roberto will follow with a financial review, and we will conclude with Q&A. With that, I'll turn the call over to Rodrigo. Thank you, Hernan, and good morning, everyone.

Sigma Foods continued to build on the strong start of 2026, delivering record second quarter volume, revenues, and comparable EBITDA. This good performance reflects the adaptability of our diversified business model and reinforces active trajectory toward our financial objectives. During the quarter, we also made meaningful progress on several strategic priorities by investing in strengthening our manufacturing network and complementing our portfolio through a disciplined acquisition. In Europe, we reached important milestones in our capacity recovery plan. We advanced in the startup process of new bacon production capacity at La Gureva plant and continued the construction of our new facility in Valencia to begin production in summer of 2027 as plant. Together, these assets will restore the capacity lost in the torrente plant flooding and support the long-term profitability and growth of our European business. In the United States, we completed the acquisition of Royal Wood Foods, a sausage producer with a leading brand in the South Earth region. This bolt-on transaction complements ongoing organic initiatives, including a recent nationwide Sigma product launch as we expand our participation in the sausage category, which represents a high potential opportunity for U.S. operations. In addition to disciplined investment in high return projects, returning capital to shareholders is a core component of our capital allocation strategy, with cash dividends representing the primary mechanism. During the second quarter, we paid the first installment of our approved annual cash dividend, totaling $76 million. The second installment will be pending on top. We also executed opportunistic share buybacks reflecting our constructive view of the underlying value of the business, particularly in the context of the recent share price drops. From a valuation perspective, We're actively engaging with consumer sector investors and analysts to strengthen awareness of Sigma Foods as a leading global food company. These efforts have contributed to expanding our sell-side coverage, enhancing our reach within the investing community, and supporting a greater understanding of our long-term value proposition. We appreciate the opportunity to connect with all market participants. As we reflect on the first half of 2026, Sigma Foods has made encouraging progress across multiple fronts. Our diversified business is well positioned to navigate a food market environment where we continue to see a healthy balance between external tailwinds and headwinds. Looking ahead, we have greater confidence in delivering our full year EBITDA guidance of 1.1 business. With that, I will now turn the call over to Roberto for a more detailed review of our first quarter financial results.