Azul S A Sp/Adr

Hello, everyone, and welcome all to this first quarter earning call. My name is Zach, and I will be your operator for today. This event is being recorded, and all participants will be in a listen-only mode until we conduct the Q&A session following a company's presentation. If you have questions, click on the Q&A icon at the bottom of your screen and write your name and company. When your name is announced, please turn on your microphone and then proceed. For those who are listening to the conference on the phone, press 9 to join the queue and 6 to accept the audio when requested. I would like to turn the presentation over to Thais Eberle, Head of Investor Relations. Please proceed.

Thank you, Zach, and welcome all to ASUS First Quarter on News Call. The results that we announced this morning, the audio of this call, and the slides that we referenced are available on our IR website. Presenting today will be David Niederman, ASUS founder and chairman John Murchison, CEO, and Alex Malfitani, our CFO. Abhi Shah, the president of Azul, is also here for the Q&A session. Before I turn the call over to David, I'd like to caution you regarding our forward-looking statements. Any matters discussed today that are not historical facts, particularly comments regarding the company's future plans, objectives, and expected performance constitute forward-looking statements. These statements are based on a range of assumptions that the company believes are reasonable, but are subjected to uncertainties and risks. They are discussed in detail in our CVM and SEC files. Also, during the course of the call, we will discuss non-IFRS performance measures, which should not be considered in isolation. With that, I will turn the call over to David. David?

Thanks, Thais. Welcome, everyone, and thanks for joining us for our first quarter of 2003 on this call. First of all, let me thank our crew members. as usual, for their incredible experience they've delivered every day. In March, we were once again the most on-time airline in the world, following our recognition as the world's most on-time airline in 2022. We are flying more than ever. Our NPS scores are high, and all of this with an airline that is more productive and more efficient than ever, 15% more than last year, to be exact. It is truly remarkable what our crew members have achieved, and I could not be prouder. On slide four, you'll see that our business model is stronger than ever. We serve 158 destinations. We have a leadership position in 93% of our routes, and we have the most fuel-efficient fleet in the region. And we combine all of this into several fast-growing, high-margin businesses. One recent milestone has been the start of expanded Congonia service, where we more than doubled our slots to 98 daily flights, We can now fly from Sao Paulo's downtown airport to the largest corporate markets in Brazil. In addition, we just launched our nonstop service to Paris, the only nonstop from South America to convenient Orly Airport. Excitingly, our data shows that more than 30% of our customers flying us in these new markets are first-time Azul customers. That means we have an incredible opportunity to bring them the Azul universe, and showcase all that we have to offer. On slide five, you can see that our business units perform, you can see how our business units perform this quarter. Azul, Tutu Azul, our loyalty program, more than doubled its gross billing since 2019, and is benefiting significantly from our expanded presence and congruence. My personal favorite, Azul Viajings, continues its remarkable expansion growing an impressive four times in gross billings versus the pre-pandemic level. Azul Viagens is now firmly the second largest vacations agency in Brazil and the largest seller of Disney tickets in Latin America. Our logistics business, Azul Cargo, almost tripled since 2019 and continues to be the largest air logistics provider in Brazil with an impressive 33% market share. Finally, I'm excited to announce that we just launched our newest business unit, Azul Tech Ops. With a rich 15-year history in supporting Azul's operation and a world-class facility, we're in a unique position to be able to handle all of the region's heavy maintenance needs. Azul Tech Ops is now ready to bring this expertise to our customers. and we know how challenging the MRF capacity is around the world. So this is a perfect time to launch this new venture. Before I turn this over to John, let me share my thoughts on the restructuring process that we have been working on this year. We set out with a goal to protect our shareholders and make our business partners whole. I am amazed at the progress this team has made, and I am excited about the opportunities that this new optimized system Azul creates. As John and Alex will share in their presentation, the results of this process are transformational to our business. As we said before, these are permanent structural solutions that significantly improve our cash flow, leverage, and capital structure. I want to thank our team for their hard work. I also want to thank our partners who have supported us during this process. This is a unique plan that is strengthening Azul's capital structure and the cash generation matching it to our superior business model and profitability. With that, I'll turn this time over to John to give you more details on the first quarter results. John?