Betterware de México, S.A.P.I. de C.V. (NASDAQ:BWMX) Q2 2023 Earnings Conference Call July 28, 2023 9:00 AM ET

Company Participants

Luis Campos – Executive Chairman

Andres Campos – Chief Executive Officer

Santiago Campos – Chief Transformational Officer

Alejandro Ulloa – Corporate Chief Financial Officer

Conference Call Participants

Eric Beder – SCC Research

Christina Fernandez – Telsey Advisory Group

Operator

Thank you, and welcome to Betterware’s Second Quarter Fiscal 2023 Earnings Conference Call. With me on the call today are Betterware's Executive Chairman, Luis Campos; Betterware's Chief Executive Officer, Andres Campos; Betterware's Chief Transformational Officer, Santiago Campos; and Corporate Chief Financial Officer, Alejandro Ulloa.

Before we get started, I would like to remind you that this call will include forward-looking statements, which are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Any such statement should be considered in conjunction with the cautionary statements and the safe harbor statement in the earnings release and risk factors discussed in reports filed with the SEC.

Betterware assumes no obligation to update any of these forward-looking statements or information. A reconciliation and other information regarding non-GAAP financial measures discussed on the call can be found in the earnings release issued yesterday as well as in the Investors section of the company's website.

Now I would like to turn the call over to the company's Executive Chairman, Luis Campos.

Luis Campos

Thank you, operator. Good morning everyone, and thank you for joining us today. I would like to begin my remarks by providing an update on our second quarter and year-to-date results for our consolidated operations. Then I will disclose additional details on JAFRA, both in Mexico and in the U.S., the progress we have made in terms of revenue growth and increasing profitability, and the plans we have for the second half of the year and going forward.

Following this, Andres will disclose Betterware’s operating results for the quarter and the first half of 2023 and provide an update on the key strategies we have for the second half of the year. Then Santiago Campos, our new Chief Transformational Officer, will explain his new role in the company and its relevance for our Group's perspectives and future growth. And finally, Alejandro, our Corporate CFO will discuss our quarterly and year-to-date consolidated financial results, our expectations for the full year and our capital allocation strategy and our expected dividend payments going forward.