StoneCo Ltd. (NASDAQ:STNE) Q1 2023 Earnings Conference Call May 17, 2023 5:00 PM ET

Company Participants

Rafael Martins - Vice President, Finance & Investor Relations Officer

Pedro Zinner - Chief Executive Officer

Lia Matos - Chief Strategy Officer

Conference Call Participants

Sheriq Sumar - Evercore ISI

Tito Labarta - Goldman Sachs

Juan Recalde - Scotiabank

Kaio Prato - Banco UBS

Geoffrey Elliott - Autonomous

John Coffey - Barclays

Josh Siegler - Cantor Fitzgerald

James Friedman - Susquehanna

Mario Pierry - Bank of America

Neha Agarwala - HSBC

Soomit Datta - New Street Research

Pedro Leduc - Itau BBA

Nicolas Riva - Bank of America

Operator

Good evening, ladies and gentlemen, thank you for standing by. Welcome to the StoneCo First Quarter 2023 Earnings Conference Call. By now, everyone should have access to our earnings release. The company also posted a presentation to go along with its call. All material can be found at www.stone.com.br on the Investor Relations section.

Throughout this conference call, the company will be presenting non-IFRS financial information, including adjusted net income and adjusted net cash. These are important financial measures for the company but are not financial measures as defined by IFRS. Reconciliations of the company's non IFRS financial information to the IFRS financial information appear in today's press release.

Finally, before we begin our formal remarks, I would like to remind everyone that today's discussion might include forward-looking statements. These forward-looking statements are not guarantees of future performance and therefore you should not put undue reliance on them. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from the company's expectations. In addition, many of the risks regarding the business are disclosed in the company's Form 20-F filed with the Securities and Exchange Commission which is available at www.sec.gov.

I would now like to turn the conference over to your host, Rafael Martins, VP of Finance and Investor Relations Officer at StoneCo. Please proceed.

Rafael Martins

Thank you, operator, and good evening, everyone. Joining us today on the call, we have our CEO, Pedro Zinner; and our Chief Strategy Officer, Lia Matos. Today, we will present our first quarter 2023 results, discuss some recent trends and provide an updated outlook for our business.

I will now pass it over to Pedro so he can share some highlights of our performance. Pedro?

Pedro Zinner

Thank you, Rafael, and good evening, everyone. First, I'd like to say that I'm honored and excited to join the Stone team. And I would like to thank Thiago for all that he has done for the company and to ease my transition into the CEO role. I'm confident that Thiago will continue to contribute to our success in his new role as a board member.