Sendas Distribuidora S.A. (NYSE:ASAI) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET

Company Participants

Gabrielle Helu - Investor Relations Director

Belmiro Gomes - Chief Executive Officer

Danny Sabbag - Chief Financial Officer

Wlamir dos Anjos - Vice President, Logistics and Commercial

Anderson Castilho - Vice President, Operational

Conference Call Participants

Joseph Giordano - JPMorgan

Vinicius Strano - UBS

Danniela Eiger - XP

Ruben Couto - Santander

Joao Soares - Citibank

Luiz Guanais - BTG Pactual

Vitor Pini - Safra

Thiago Macruz - Itau BBA

Irma Sgarz - Goldman Sachs

Vinicius Pretto - Bank of America

Andrew Ruben - Morgan Stanley

Operator

Good morning, everyone, and thank you for waiting. Welcome to the Earnings Call for our Second Quarter in 2023 at Assai Atacadista. [Operator Instructions]

We'd like to let you know that this earnings call is being recorded and be provided on the company's IR website at ir.assai.com.br, where you can already find the earnings release. During the company's presentation, all participants will have their microphones turned off. Soon after, we will begin the questions-and-answers session. [Operator Instructions]

We also want to highlight that the information in this presentation and possible statements that could exist during the video conference related to business perspectives, forecasts and operational targets and financial targets at Assai represent beliefs and assumptions of the company's management, as well as information that's currently available.

Future statements are not a guarantee of performance. They involve risks, uncertainties and assumptions because they relate to future events, and thus, rely on circumstances that could have not occurred. Investors must understand that general economic conditions, market conditions and other operational factors can affect the future performance at Assai and lead to results that differ materially from those presented in future statements.

Now, we'll pass the floor on to Gabrielle Helu, the Investor Relations Director at Assai.

Gabrielle Helu

Thank you. Good morning, everyone. Once again, we'll be participating in this earnings call for the second quarter of '23 at Assai. I'm going to present the executives we have present. Belmiro Gomes, our CEO; Danny Sabbag, our CFO; and our VPs, Wlamir dos Anjos and Anderson Castilho with Operations.

Before I begin the presentation, I'll pass the floor to Belmiro, presidential remarks.

Belmiro Gomes

Thank you, Gabi. Good morning, everyone. I'd like to thank you all for your presence as you're participating in this earnings call today. And we'll begin by talking about our second quarter.