DLocal Limited (NASDAQ:DLO) Q1 2022 Earnings Conference Call May 18, 2022 9:00 AM ET

Company Participants

Soledad Nager - Head of IR

Sebastian Kanovich - CEO

Sumita Pandit - COO

Diego Canay - CFO

Conference Call Participants

Jorge Kuri - Morgan Stanley

Tito Labarta - Goldman Sachs

Jason Kupferberg - Bank of America Merrill Lynch

Neha Agarwala - HSBC

Kaio Prato - UBS

Andrew Bauch - SMBC Nikko Securities

Chris Donat - Piper Sandler

Operator

Ladies and gentlemen, thank you for standing by. And welcome to the dLocal First Quarter 2020 Results Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions].

I would now like to turn the call over to your host. Sir, you may begin.

Soledad Nager

Thank you. Good morning, everyone, and welcome to dLocal’s First Quarter 2022 Earnings Call. On the call today, I'm joined by Sebastian Kanovich, our Chief Executive Officer; Sumita Pandit, our Chief Operating Officer; and Diego Cabrera Canay, our Chief Financial Officer.

We are providing a slide presentation to accompany our prepared remarks. This event is being broadcast live via webcast, and both the webcast and presentation may be accessed through dLocal's website at investor.delocal.com. The replay will be available shortly after the event is concluded.

Before proceeding, let me mention that any forward statements included in the presentation or mentioned in this conference call are based on currently available information and dLocal's current assumptions, expectations and projections about future events. While the company believes that our assumptions, expectations and projections are reasonable in view of currently available information, you are cautioned not to place undue reliance on those forward-looking statements.

Actual results may differ materially from those included in dLocal's presentation or discussed in this conference call for a variety of reasons, including those described in the forward-looking statements and Risk Factors sections of dLocal's filings with the Securities and Exchange Commission, which are available on dLocal's Investor Relations website.

Now I will turn the conference over to Seba.

Sebastian Kanovich

Hello, everyone. Thanks for joining us today. I'm pleased to share that we are off to a strong start to the year, delivering record Q1 results. Our business continues to show strong growth trends, and we continue to execute our business plan with both our existing and new merchants across our various markets.

Our business continues to show resilience to specific factors impacting the global economy, such as challenges in logistics and specific geographies, the Russia-Ukraine conflict or changes in consumption from the return to work, high inflation in some developed markets as well as a higher interest rate environment.