VTEX (NYSE:VTEX) Q2 2023 Results Conference Call August 8, 2023 4:30 PM ET

Company Participants

Julia Vater Fernandez - IR, Director

Geraldo Thomaz - Founder, Co-CEO

Mariano Gomide de Faria - Founder, Co-CEO

Ricardo Camatta Sodre - CFO

Andre Spolidoro - Chief Statutory Officer

Conference Call Participants

Marcelo Santos - JP Morgan

Lucas Chaves - UBS

Clarke Jeffries - Piper Sandler

Maddie Schrage - KeyBank

Julia Vater Fernandez

Hello, everyone, and welcome to the VTEX Earnings Conference Call for the Quarter Ended June 13, 2023. I am Julia Vater Fernandez, Investor Relations Director for VTEX. Our senior executives presenting today are Geraldo Thomaz Jr., Founder and Co-CEO; and Ricardo Sodre, Chief Financial Officer. Additionally, Mariano Gomide de Faria, Founder and Co-CEO; and Andre Spolidoro, Chief Statutory Officer, will be available during today's Q&A session.

I would like to remind you that management may make forward-looking statements related to such matters as continued growth prospects for the company, industry trends, and product and technology initiatives. These statements are based on currently available information and our current assumptions, expectations, and projections about future events. While we believe that our assumed expectations and projections are reasonable in view of the corporate information, you are cautioned not to place undue reliance on these forward-looking statements.

Certain risks and uncertainties are described in the Risk Factors and Forward-Looking Statements sections of VTEX Form 20F for the year ended December 31, 2022, another bit filings within the U.S. Securities and Exchange Commission, which are available on our Investor Relations website.

Finally, I would like to remind you that during the course of this conference call, we may discuss some non-GAAP measures. A reconciliation of those measures to the nearest comparable GAAP measures can be found in our second quarter 2023 earnings press release available on our Investor Relations website. Now let me turn the call over to Geraldo, the floor to yours.

Geraldo Thomaz

Thank you, Julia. Welcome, everyone, and thanks for joining our second quarter 2023 Earnings Conference Call. In the past few months, we have witnessed significant milestones and exciting events that have proper us forward. From the successful celebration of the Tax Day, our commercial events that gather over 20,000 attendees per day, and we announced the launch of 5 new products with excellent customer reception to our first time after Investor Day on the second anniversary of our IPO.

For those who didn't have the chance to connect to our Investor Day, I highly recommend you take a look at the audio recording available on our Investor Relations website. As we embark on this earnings call, I'm here to provide an update on our performance during the second quarter. I'm pleased to announce that our company has demonstrated remarkable resilience and achieved a strong performance in the second quarter. Our GMV experienced a significant 23.4% year-over-year growth. This growth is a testament of VTEX's strong value proposition that continues to attract new customers to our platform.