B3 Sa Brasil Unsp/Adr

Good morning, ladies and gentlemen, and welcome to the B3's earnings results presentation for the third quarter of 2024, where André Milanese, B3 CFO, will discuss the third quarter results along Fernando Campos, Investor Relations Associate Director. We would like to inform you that all participants will be in a listen-only mode during the company's presentation. After the company's remarks are completed, there will be a question and answer section when further instructions will be given. As a reminder, this conference is being broadcast live via webcast. The replay will be available after the event is concluded.

Hi, everyone. I'm Fernando Campos, Investor Relations Associate Director at B3, and welcome to B3's Results Videocast, where André Milanese, B3 CFO, and I will analyze the results for the third quarter of 2024. How are you doing, André? Hi, Fernando. How are you? Good, thank you. So, Andrea, we'll start with an overview of the quarter.

Thanks, Fernando. Well, regarding the dynamic of revenues, this quarter was quite similar to the second quarter, reinforcing the efficiency and resilience of our diversified business model. We saw a 9% growth in our revenues compared to the third quarter of 2023. and advances across all of our revenue lines. An example of the effectiveness of our diversification strategy is that since 3Q19, revenues in the cash equities market has shown a CAGR of 3%, while the other business combined had a CAGR of 15%. Another aspect that is worth highlighting is that the share of trading and post-trading revenues in the cash equities market within B3's total revenues reached 30% in 2019. During the pandemic, it went all the way up to 37%, but only represented 21% in 3Q24. that we do have revenues that are cyclical as part of our revenue base, but we also have much more revenues that are not that cyclical as the ones from the cash equities market. Fernando will now elaborate more on the operational performance, which will help to explain this dynamic that I just talked about.