Nu Holdings Ltd. (NYSE:NU) Q2 2024 Earnings Conference Call August 13, 2024 6:00 PM ET

Corporate Participants

Jorg Friedemann - IR Officer
David Velez - Founder, Chairman, and Chief Executive Officer
Guilherme Lago - Chief Financial Officer
Youssef Lahrech - President and Chief Operating Officer

Conference Call Participants

Jorge Kuri - Morgan Stanley
Pedro Leduc - Itaú
Mario Pierry - Bank of America
Geoff Elliott - Autonomous
Yuri Fernandez - JPMorgan
Tito Labarta - Goldman Sachs
Eduardo Rosman - BTG Pactual
Thiago Batista - UBS
Brian Flores - Citi
Craig Moore - FT Partners

Operator

Good afternoon, ladies and gentlemen, welcome to Nu Holdings Conference Call to discuss the results for the Second Quarter of 2024. A slide presentation accompanies today's webcast, which is available on Nu's investor 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. [Operator Instructions] [Foreign Language]. Please be advised that all participants will be in a 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 center section 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 Jack Dugal, 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 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 near-over-year effects neutral basis. I would also like to remind everyone that today's discussion might include forward-looking statements which are not guarantees of future performance and therefore you should not put on your reliance on them. These statements are subject to numerous risks and uncertainties and could cause actual results to differ materially from our expectations.