Nu Holdings Ltd. (NYSE:NU) Q3 2023 Results Conference Call November 14, 2023 5:00 PM ET

Company Participants

Jorg Friedemann - IRO

David Velez - Founder, CEO & Chairman

Youssef Lahrech - President, COO

Guilherme Lago - CFO

Jagpreet Duggal - CPO

Conference Call Participants

Jorge Kuri - Morgan Stanley

Tito Labarta - Goldman Sachs

Mario Pierry - Bank of America

Geoff Elliott - Autonomous

Thiago Batista - UBS

Eduardo Rosman - BTG

Neha Agarwala - HSBC

Yuri Fernandes - JPMorgan

Craig Maurer - FT Partners

Operator

Good afternoon, ladies and gentlemen. Welcome to Nu Holdings Conference Call to Discuss the Results for the Third Quarter of 2023. A slide presentation is accompanying today's webcast, which is available in Nu's Investors Relations website, www.investors.nu in English and www.investidores.nu in Portuguese. This conference is being recorded and the replay can also be accessed on the company's IR website.

This call is also available in Portuguese. To access, you can press the globe icon on the lower right side of your Zoom screen, and then choose to enter the Portuguese room. After that, select mute original audio. [Foreign Language]. Please be advised that all participants will be in listen-only mode. You may submit online questions at any time today using the Q&A box on the webcast.

I would now like to turn the call over to Mr. Jorg Friedemann, Investor Relations Officer at Nu Holdings. Mr. Friedemann, you may proceed.

Jorg Friedemann

Thank you very much, operator, and thank you all for joining our earnings call today. If you have not seen our earnings release, a copy is posted in the results intersection of our Investor Relations website. With me on today's call are, David Velez, our Founder, Chief Executive Officer and Chairman; Youssef Lahrech, our President and Chief Operating Officer; Guilherme Lago, our Chief Financial Officer and Jag Duggal, our Chief Product Officer.

Throughout this conference call we will be presenting non-IFRS financial information, including adjusted net income. These are important financial measures for Nu Holdings, but are not financial measures as defined by IFRS and may not be comparable to similar measures from other companies. Reconciliations of the our non-IFRS financial information to the IFRS financial information are available in our earnings press release. Unless noted otherwise, all growth rates are on a year-over-year FX neutral basis.

I would also like to remind to everyone that today’s discussion might include forward-looking statements, which 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 and could cause actual results to differ materially from our expectations. Please refer to the forward-looking statements disclosure in our earnings release.