Telefônica Brasil S.A. (NYSE:VIV) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET

Company Participants

João Pedro Soares Carneiro - Investor Relations Director
Christian Gebara - Chief Executive Officer
David Melcon - Chief Financial Officer & Investor Relations Officer

Conference Call Participants

Marcelo Santos - JPMorgan
Marco Nardini - XP Investimentos
Vitor Tomita - Goldman Sachs
Carlos de Legarreta - Itau BBA

Operator

Good morning, ladies and gentlemen. Welcome to Vivo's First Quarter 2024 Earnings Call. This conference is being recorded, and the replay will be available at the company's website at ri.telefonica.com.br. The presentation will also be available for download. This call is also available in Portuguese. [Operator Instructions] We would like to inform that all attendees will only be listening to the conference during the presentation, and then we will start the question-and-answer section when further instructions will be provided.

Before proceeding, we would like to clarify that any statements that may be made during this conference call regarding the company's business prospects, operational and financial projections, and goals are the beliefs and assumptions of Vivo's Executive Board and the current information available to the company. These statements may involve risks and uncertainties as they relate to future events and therefore depend on circumstances that may or may not occur. Investors should be aware of events related to the macroeconomic scenario, the industry, and other factors that could cause results to differ materially from those expressed in the respective forward-looking statements.

Present at this conference, we have Mr. Christian Gebara, CEO of the company; Mr. David Melcon, CFO and Investor Relations Officer; and Mr. João Pedro Soares Carneiro, IR Director.

Now, I'll turn the conference over to Mr. João Pedro Soares Carneiro, Investor Relations Director of Vivo. Mr. Carneiro, you may begin your conference.

João Pedro Soares Carneiro

Good morning, everyone, and welcome to Vivo's first quarter 2024 earnings call.

Today, our CEO, Christian Gebara, will walk us through Vivo's performance in connectivity and digital services for both B2C and B2B, as well as present our ESG advances. Then, our CFO, David Melcon, will give more color on cost and CapEx management, free cash flow generation, followed by an update on shareholder remuneration for 2024.

With that, I'll turn the call over to Christian.

Christian Gebara

Thank you, João. Good morning, everyone, and thank you all for joining us today.

Before starting, I would like to express our solidarity with the population, our employees, customers, partners, and everyone affected by the tragedy in the state of Rio Grande do Sul. We are directing all efforts to restore our services in the affected areas as quickly as possible, acting on several fronts in this time of crisis. We joined forces with all operators and enabled roaming so that the customers of other telcos can connect to our network.