Ambev S.A. (NYSE:ABEV) Q2 2024 Earnings Conference Call August 1, 2024 11:30 AM ET
Company Participants
Jean Jereissati - Chief Executive Officer
Lucas Lira - Chief Financial & Investor Relations
Conference Call Participants
Thiago Duarte - BTG
Isabella Simonato - Bank of America
Carlos Laboy - HSBC
Ricardo Alves - Morgan Stanley
Renata Cabral - Citi
Robert Ottenstein - Evercore
Leonardo Alencar - XP
Lucas Ferreira - JPMorgan
Operator
Good morning, good afternoon, and thank you for waiting. We would like to welcome everyone to Ambev's 2024 Second Quarter Results Conference Call. Today, with us we have Mr. Jean Jereissati, Ambev's CEO; and Mr. Lucas Lira, CFO and Investor Relations Officer.
As a reminder, a slide presentation is available for downloading on our website ir.ambev.com.br as well as through the webcast link of this call. We would like to inform you that this event is being recorded. And all participants will be in a listen-only mode during the company's presentation. After Ambev's remarks are completed, there will be a Q&A session. [Operator Instructions]
Before proceeding, let me mention that forward-looking statements are being made under the safe harbor of the Securities Litigation Reform Act of 1996. Forward-looking statements are based on the beliefs and assumptions of Ambev's management and on information currently available to the company. They involve risks, uncertainties and assumptions because they relate to future events and therefore 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 could also affect the future results of Ambev and could cause results to differ materially from those expressed in such forward-looking statements.
I would also like to remind everyone that, as usual the percentage changes that will be discussed during today's call are both organic and normalized in nature. And unless otherwise stated, percentage changes refers to comparisons with 2023 second quarter results. Normalized figures refer to performance measures before exceptional items, which are either income or expenses that do not occur regularly as part of Ambev's normal activities. As normalized figures are non-GAAP measures, the company discloses the consolidated profit EPS operating profit and EBITDA on a fully reported basis in the earnings release.
Now, I'll turn the conference over to Mr. Jean Jereissati. Mr. Jereissati, you may begin your conference.
Jean Jereissati
Hello everyone. Thank you for joining our Q2 earnings call. In our last call, I mentioned several initiatives regarding the heavy rains that impacted many cities in Rio Grande do Sul. I also mentioned that we wouldn't stop until our ecosystem was back on its feet. During this quarter we continued with several initiatives in the region focusing on helping to rebuild the local communities.