Ultrapar Participações S.A. (NYSE:UGP) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET

Company Participants

Rodrigo Pizzinatto - CFO and IR Officer

Marcos Lutz - CEO

Leonardo Linden - CEO, Ipiranga

Conference Call Participants

Monique Greco - Itau BBA

Thiago Duarte - BTG

Luiz Carvalho - UBS

Gabriel Barra - Citi

Bruno Montanari - Morgan Stanley

Operator

Good morning. Thanks for waiting. We would like to welcome everyone to the conference call of Ultrapar's Fourth Quarter 2023 results. There is also a simultaneous webcast that may be accessed through the Ultrapar's website at ri.ultra.com.br and MZiQ platform.

This presentation will be made by Rodrigo Pizzinatto, Ultrapar's Chief Financial Officer and Investor Relations Officer. During the Q&A session, we'll have also have Mr. Marcos Lutz, Ultrapar's CEO; the CEOs of Ultragaz and Ipiranga, Mr. Tabajara Bertelli and Mr. Leonardo Linden. And also the CFO of Ultracargo, Mr. Andre Zaia.

We would like to let you know that this event is being recorded and all participants will be in listen-only mode during the company's presentation. After Ultrapar's remarks, we will start our Q&A session. At that time, for the instructions will be given to you.

We would like to remind you that all participants in the webcast may submit their questions through our website questions that will be answered during the Q&A session. The replay of this call will be available for seven days once it's completed.

Before moving on, we would like to let you know that forward-looking statements that are made during this conference are under the Safe Harbor of the Securities Litigation Reform Act of 1996.

Forward-looking statements are based on the beliefs and assumptions of Ultrapar management and on information currently available to the company. They involve risks, uncertainties, and assumptions because they relate to future events. Therefore, they depend on circumstances that may or may not occur in the future.

Investors should understand that general economic conditions, industry conditions and other operating factors can also affect the future results of Ultrapar and can cause results to differ materially from those expressed in such forward-looking statements.

Let me now turn it over to Mr. Rodrigo Pizzinatto. He is going to start by giving us the presentation. So, please move on.

Rodrigo Pizzinatto

Good morning, everyone. It is a pleasure to be here once more to talk about Ultrapar results. I will start with a brief retrospective of 2023. Last year, we had significant improvements in the company even with an environment of volatility and uncertainties. Ipiranga, Ultragaz and Ultracargo, our three main businesses reached record results.