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good morning and thank you for standing by and welcome to Plexi third quarter fiscal 2026 revenue presentation after the presentation there will be an opportunity to ask questions by passing star and one at any time I advise you that this conference is being recorded at this time I would like to hand over the conference to pulling the whole head of Investor Relations please go ahead madam

Good morning, everyone, and thank you for joining us today for Plexi's third quarter fiscal 2022 revenue course. I hope you are having a good start to the summer season. So I'm Pauline, and I'm pleased to be here with you today to share our first nine months revenue performance. I'm pleased to be joined by Aurélien, our CEO, and Stéphane, our CFO. Before we begin, let me walk you through today's agenda, which you can see on the next slide. Aurélien will start the highlights and the key figures for the third quarter and the first nine months. of Cisco 2026, including an overview of our financial momentum, and Stéphane, which then takes you through our top-line performance in more detail. Finally, Aurélien will conclude with our output, including an update on the situation in Brazil before we open the start of Q&A. And with that, I will now hand over to Aurélien.

Thank you, Pauline, and good morning, everyone. I'm pleased to be with you today to present our performance over the first nine months of fiscal 2026. Let me start with the key takeaways. First, we continue to make progress towards our full year of business targets. This was supported by continuous momentum in new client acquisition and resilient net retention, confirming the relevance of Plexus value proposition in a more demanding environment. V V V V V V V V V V V V V V V V V V V V V reflecting, as anticipated, the initial effect of the patch reform in Brazil, as well as some headwinds from the current macro environment. Finally, we confirm our financial objectives, based on the performance delivered over the first nine months and the robustness of Plexi's fundamentals. Let me now turn to the key revenue figures of the quarter and the first nine months. In the third quarter, total revenues reached 312 million euros, down minus 3.3% organically year-on-year, and up plus 0.9% on a reported basis, supported mainly by positive currency effects. This performance was anticipated and mainly reflects the impact of the reform in Brazil on our tech operate since the beginning of Q3. Looking at the first nine months, total revenues reached €967 million, plus 2.7% of NEP, and plus 2.3% on a reported basis. Overall, the last nine months' revenue performance remained positive, keeping us on track to deliver our full year objectives. Let me now focus on our commercial performance. Over the first nine months of fiscal 2026, we continue to make progress across our key business indicators. First, new client development, which is 1.2 billion euros in annualized BDI. This puts us significantly ahead of our plan, given our full-year target of more than 1.3 billion euros. Second, net retention remained resilient at 99% in BDI. excluding the temporary delay in the ordering of the large employee benefit program in Romania. It reflects robust plan loyalty and active portfolio management, while facing breakers from end-user portfolio plans in certain markets. Third, face value growth remained a major central driver of net retention. Since fiscal 2024, increases in average fair value have generated 3.2 billion euros of cumulative additional BVI, meaning that we are already ahead of our cumulative three-year target of more than 3 billion euros. Let's now take a closer look at new client points. New client development reached 1.2 billion euros in annualized BVI over the first nine months, V V V V V V V V V V V V V V V V V Let me now turn to net retention, the second key pillar of our commercial performance. Over the first nine months, net retention stood at 99% in BVI, excluding the temporary delay in the ordering of the large, integrated program in Romania. This performance reflected first, plant priority maintained at a high level across plant sizes and geographies, confirming the strength of flexible value proposition in a more demanding environment. Again, phase value also continues to grow across all regions. Over the first nine months, increases in average phase value generated 0.8 billion euros of additional BVI, bringing the cumulative contribution in fiscal 2024 to 3.2 billion euros. This means that we are already ahead of our target. We also continue to see further upside, notably in continental Europe, where recently announced legal cap increases are taking time to fully materialize. Third, cross-selling that continue to gain traction, driven by both employee mobility and gift benefits across Europe and Latin America. the evolution of our end-user portfolio remain negative as some clients in several markets tend to freeze recruitment or reduce headcounts as a result of the current macroeconomic context. I will now hand over to Stéphane who will take you through our financial performance in more detail, starting with business volume.