Multiplan Empen Unsp/Adr

Good morning, ladies and gentlemen. Welcome to the earnings call regarding the first quarter of 26 of Multiplan. We have here today the executive directors of the company. We'd like to inform you that the presentation of the results is available for download at the IR website. Multiplan, you can put on the Multiplan site. Now, before starting, we would like to say that any forward-looking statements that are done during the earnings call regarding the business perspectives of the company's projections and operational goals are based on beliefs of Multiplan, as well as information that is made available now to the company. Forward-looking statements are not a guarantee of performance. They involve risks, uncertainties, based on premises. These are regarding the forward-looking statements. That's why they depend on circumstances that may or may not take place. Investors should understand that economic conditions, industry conditions, and other operational factors might affect the results of the company and lead to results that are materially different from those of the forward-looking statements. Let's give the floor to Mr. Eduardo Perez, the CEO. He's going to start the presentation. Please, continue. Good morning, everyone. It's a pleasure to be with you and discuss the results of the first quarter of 26 of Multiplan. I'm going to start by reinforcing the consistency of our strategy throughout the years. This discipline execution is translated into cash generation and value creation for our shareholders. We are doing an investment cycle focusing improvement of our malls through expansions, revamps, and changing of the mix, always focusing on the demands of the consumers. We also intensify the promotion of events and experiences that connect to people and bring new things. The results of this first quarter show clearly the effect of this strategy. Record of sales, EBITDA, the highest records of FFO, and all of that was achieved through a long period of high interest rates. and it shows the resilience of our business model. We just launched the expansion with a lot of success in growing 23% over the last month in said mall. Now, our focus is on three new launches still this year. Expansion of Barra Shopping, Deaga, Expansion of Park Shopping, Barrasilia, They increase the potential for the generation of revenue and value creation. The results of the first quarter are bearing the fruits of our digital ecosystem. Multi is an important tool for the decision-making process of the company. With over 10 million downloads, we are guided by the big amount of data that allow us to know our clients very well. With that, we offer relevant services, personalized services, and help our tenants to improve the results. This investment cycle doesn't finish in 2026. A robust new project of expansions and entrepreneurial real estate projects, Berga Shopping, Parchapi Fakatano, and Jumjaye. And the third phase of Goten Lake and Lake Baikal. and residential projects besides Village Mall and Barra Shopping, Seoul. To accelerate the growth of other enterprises, we launched contracts for the residential and commercial projects in three malls, Park Shopping in Paraguay, Park Shopping in Rio Grande, and Park Shopping in Oud. We are motivated in improving and have a commitment in improving Thank you. Let's start the Q&A session for investors and analysts.

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