Sendas Distribuidora S.A. (NYSE:ASAI) Q1 2022 Results Conference Call May 10, 2022 10:00 AM ET
Company Participants
Gabrielle Helú - Director, IR
Belmiro Gomes - CEO
Daniela Sabbag - CFO
Wlamir dos Anjos - VP, Commercial and Logistics
Anderson Castilho - VP, Operations
Conference Call Participants
Danniela Eiger - XP
Felipe Cassimiro - HSBC
João Soares - Citi
Felipe Rached - Goldman Sachs
Joseph Giordano - JP Morgan
Operator
Good morning, everyone, and thank you for waiting. Welcome to the Earnings Call for the First Quarter of 2022 for Assai Atacadista. [Operator Instructions] We would like to let you know that this earnings call is being recorded and will be provided on the Company's IR website, at the ir.asai.com.br where you can read the release. The presentation will be available on our website.
During the presentation, all the participants will have their microphones off. Soon after, we'll start the Q&A session. [Operator Instructions]
Now, I'll pass on the word to Gabrielle Helú, she’s the Investor Relations Director.
Gabrielle Helú
Well, good morning, ladies and gentlemen. Thank you so much for your participation in the Earnings Call for the First Quarter of '22 at Assaí. The speakers present today are Belmiro Gomes, who's our CEO; Daniela Sabbag, and our VP, Wlamir dos Anjos, Commercial and Logistics VP, and Anderson Castilho, our Operations VP.
Before we begin the presentation, I'll pass on the word to Belmiro for his initial consideration.
Belmiro Gomes
Thank you, Gabrielle. Thank you everyone for participating. The Assaí teams' available here, and we're going to be a little quicker here with our presentation as we present the numbers of the first quarter because we've already disclosed them previously, and now we're just showing you the final results. And we want to really value a little more of the Q&A moment, so you can have time to take advantage of the executive's presence here, the leaders of the business, with the presence of our Commercial and Operational VP, and our Financial Director, and also talk about some of the market trends. Before we begin, I would like to initially thank the entire Assaí team in every different area, and department, and different projects that are underway.
The company, to give you an idea, has over 45 construction projects simultaneously going on. It's a very important year for our growth path, and Assaí has been recognized for it's strong [indiscernible] unit, but 2022 has a different touch because for the record year, it's opening. Especially with the store conversion coming from the acquisition project of the extra hyper market structure. So just quickly about panels, as you have noticed, we had an increase of 21% in our total [indiscernible] Most of this comes due to the contribution of our expansion stores. In 2021, the 28 new stores that opened and 19 opened throughout 2020 were really to reinforce our presence in the market, that I would say was already present from 2013, 2014, onward, then we started entering different states.