StoneCo Ltd. (NASDAQ:STNE) Q2 2022 Earnings Conference Call August 18, 2022 5:00 PM ET

Company Participants

Rafael Martins - Vice President-Finance & Investor Relations

Thiago Piau - Chief Executive Officer

Lia Matos - Chief Strategy Officer

Conference Call Participants

Tito Labarta - Goldman Sachs

Josh Siegler - Cantor Fitzgerald

Mario Pierry - Bank of America

Kaio Prato - UBS

Geoffrey Elliott - Autonomous

Neha Agarwala - HSBC

Pedro Leduc - Itau BBA

Domingos Falavina - JPMorgan

Jeff Cantwell - Wells Fargo

Operator

Good evening, ladies and gentlemen. Thank you for standing by. Welcome to the StoneCo Second Quarter 2022 Earnings Conference Call. By now, everyone should have access to our earnings release, and the company also posted a presentation to go along with this call. All material can be found at www.stone.com on the Investor Relations section.

Throughout this conference call, the company will be presenting non-IFRS financial information, included adjusted net income and adjusted free cash flow. 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 appears 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. Please refer to the forward-looking statements disclosure in the company's earnings press release.

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 at StoneCo. Please go ahead.

Rafael Martins

Thank you, operator, and good evening, everyone. Joining us today on the call, we have our CEO, Thiago Piau; and our Chief Strategy Officer, Lia Matos.

Today, we will present our second quarter 2022 results, discuss some recent trends and provide an updated outlook for our business. I will now pass it over to Thiago, so he can share some highlights of our performance. Thiago?

Thiago Piau

Thank you, Rafa, and good evening, everyone. In the second quarter, we demonstrated consistent execution combining strong growth with improving profitability. We produced this strong performance in both TPV and revenue growth, while improving our operating margins in both of our segments.