Sigma Foods SAB

Good morning, and welcome to the Sigma Foods third 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. Good morning to everyone joining us today. Further details regarding our third quarter results can be found in the press release and earnings presentation that were distributed yesterday. Both documents are available in the Investorization 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 with a strategic overview of the quarter, 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. The strong momentum from earlier in the year continues throughout the third quarter. We're pleased to report that Sigma Foods delivered record quarterly and year-to-date volume, revenues, and comparable EBITDA. In addition, we revised off our full-year comparable EBITDA guidance to approximately $1.14 billion, supported by a positive outlook for the remainder of the year. These results reflect consistent execution across our operations and the strength of our business model. A favorable balance of external factors also contributed to the good results during the quarter. Specifically, Sigma benefited from a positive foreign exchange rate effect and low raw material costs versus 2025. Mexico delivered its strongest quarter ever. This is a region where we operate at a larger scale and with the highest level of diversification, highlighting the strength of our consumer-centered business model we're building across our current geographies. Europe achieved its highest third-quarter comparable EBITDA since 2020, sustaining an embarkable multi-year turnaround, solid performance in the Bering Peninsula, and positive results in the fresh meats business have been key drivers of our double-digit EBITDA growth year-to-date. We're pleased to be capturing temporary commodity-driven benefits in fresh meats while the regulatory process for the sale for a majority stake in the business model is completed. In the United States, we deliver higher EBITDA over a year, driven mainly by operational efficiencies, Our U.S. team increased EBITDA per ton, offsetting the effects of lower volume in a self-consumer environment. Turning to capital allocation, we continue to prioritize investments that support our long-term growth prospects. Through September, CapEx totaled $295 million, with approximately 70% directed to strategic projects. Our three largest being the Comprehensive Capacity Recovery in Spain, a Global Digital Transformation Initiative, and a set of high return opportunities in Mexico to further grow CookMix and Gary. Returning value to shareholders is also a core part of our balanced approach to capital allocation. Shortly after our quarter end, we paid a second installment of our annual cash dividend, approximately $75 billion. Together with the first payment in April, cash dividends for 2026 totaled approximately $150 million, up 26% versus 2025. To sum up, 2026 is on track to be a record year for Sigma Foods, as we consistently deliver on our financial commitments, invest in our future growth, and return value to shareholders, all from a position of financial strength. I will now turn the call over to Roberto for a more detailed discussion of our third quarter financial results.