Good afternoon. Welcome to this conference of Alupar for the discussion of the results related to the fourth quarter of 2023. The audio and the slides are being broadcast by the audio in English. All the participants will be listening to it, and then afterwards, we will have the Q&A session. And, the prediction for events can have some risks and maybe some expectations will be not be the same. So, the company is not obliged to update it. And here we have José Luiz de Godoy Pereira, the CFO and Director of Relations with Alupar, and Mr. Luiz Coimbra, the CEO of Alupar. And now I'll give the word to Mr. Luiz Coimbra, who will start his presentation. So please, Mr. Luiz, you can go on. Good afternoon, everyone. Thank you for the participation in this conference call presentation for the fourth quarter of 2023. I will start my presentation, and then we will continue with the Q&A session. Then we will have Mr. José Luiz, who is the CEO of the company. I will start here in the slide 3, which is the growth of the company. Alupar has got some projects along this quarter. We have a picture here. We have 5 new projects. 3 of them are in Latin America, 2 are in Brazil, which is an investment of BRL 3.1 billion. When we speak of Latin America, Alupar goes back to Chile. We have an asset that was sold, which was TransChile. So this project has as a milestone the return to Chile. We have 6 kilometers of transmission line, and it will start in the fourth quarter of 2027. In Peru, we already work in this field of generation, which will have this milestone with transmission, with 2 substations, with 90 kilometers of transmission line, and the operation will start in the third quarter of 2026. In Colombia, we are a little bit more consolidated. We have TCE, which is a line of 25 kilometers, which is in the end of its construction. We have a PCH of 19 mega, and then this new asset consolidates our position there. That's an asset that has 2 substations with more than 100 kilometers of transmission line, and the operation is in for the third quarter of 2027. In Brazil, we have 2 new projects. The first is the station, the Center Station, which will have an investment of BRL 500 million. And then it has. It will start in 2028, and at last, we had an auction in December, which was batch two, which has transmission line of 100, 501 transmission line, and we are working on a reduction of this investment. We are speak of a CapEx of BRL 200 million. And with this overview that we have here, we will add up to 2028 BRL 388 million of revenue, and the CapEx, it's 11.9%-13%. So now going to the fourth slide, we speak of the first operation, which is the solar project, which was communicated last February. We invested in BRL 240 million. This is the first hybrid project that we have, which is a solar park inside a wind park, which has 61.7 installed capacity, and it brings synergy to a part, to a wind park, wind energy park for connection and for land as well. And going to the other one, we speak of the dividend distribution. So, according to our policy, that we had a meeting in a meeting on November 16, 2023, we had the approval of a distribution of BRL 36.6 million, which is 0.12 per unit. The stakeholders that had the dividends were the ones who were in the basis of November 16, 2023, and the payment was made now in January, last January. Now we have the projects under construction status, starting with Colombia. This project has had 96% of construction, and the other one, 99%. For the line, for the transmission line, they still have some towers that we need to continue with them. There are some problems with them. We need to conclude this. We have another one that is here on the coast of Brazil, which is Manoel da Nóbrega and Domênico Rangoni, which has 99% of a physical construction, and the other one has 36% of a physical advance. It had a delay in the license, so it will be start running the third quarter of this year. The last one, we have TL, which is starting 2023. Today, we have 10% of physical advance, and we have vegetation, which is 50%. It's within our schedule. We have some work forces inside and outside, so we really want to finish according to the schedule. So speaking of the numbers of the fourth quarter, in case you have questions for the numbers, we will be available here. When we look at the net revenue, it's like BRL 732 million, which had a growth of 16% related to 2022, and the impact here was the positive variation of 26% for the generation. I will highlight the three main impacts. The first was the increase of BRL 8 billion for the wind park in São João and Santa Cruz, it's P1 and P2. The second point is the increase of BRL 3.5 million for the PCH. It was not contracted, it was selling power in at a cheap price, and now we have the regulated market, and the price of it will be at around BRL 208. And then the last one was BRL 5.8 million. And then according to the commercialization strategy, which we had 10 mega, which was additional. But when we look at the EBITDA here, at the bottom, it's like BRL 622 million, which had a growth of 0.5. And first, the increase of BRL 27 million for the net revenue that I've just mentioned, and we also had an increase of BRL 23 million for the administrative expenses. Basically, we had an increase of around 17 million for the holdings, and then we had the decrease of some projects that we had to stop, and then we had an increase of BRL 6 million in Peru, due to some expenses because of the participation that we had in some auctions in the fourth quarter. Looking at the other graphic, we have some variations here. First, we have an increase of three point, it's around three for the depreciation and the amortization. We have another number for the financial result, which was positive because of the both index that we had for the IPCA, which is number of 48%, and also CDI, which is 34% of our debt. The PCA had an inflection of 1.08% for the accrual number for this year, which we had in the fourth quarter of 2022, and the CDI was 2.83% for the accrual number, and in view of the other number that we had for 2022. Another number that I would like to highlight here is that the increase that we have for the taxes in the fourth quarter, we had a reversion of BRL 19.8 billion for the taxes. That's why we had this increase when I compare both years, both quarters. Going to the next one, we present the debt that we have for the holding, which is BRL 665 million, and they closed the year with a cash of BRL 1,121 million. We had a net debt which was BRL 456, and then we have 100% of CDI. We had a change in the profile of the debt, and then 50% will be in October of this year. And then for short term, we have the allocation of this first installment. For the next slide, we have a debt which is consolidated. This growth will be around 11 billion, and the, the, we have a total of BRL 8 billion, nine hundred and forty-two. When we look at the numbers, there weren't major changes, and we have the IPCA, followed by the CDI, which is 34%. When we speak of the foreign currency, we had 40%, 40%. And going to the next slide, we speak a little bit of the results destination. We had a recommendation from the meeting that we had in January, the dividend distribution of BRL 347.4 million, which is 0.38 per unit. Summing up all the three values that we have from the first to second and third quarter, we have the dividends of 1, which is 0.04 per share. Then who will be in charge of those distributions will be carried out by the stakeholders who will be in this next meeting, and the payment will be done in 60 days from approval. Speaking of a profits allocation, the board has also approved the stock bonus. So this, there will be a measure of some shares, which will be an increase of BRL 362 million, but also there will be an approval. And going to the other slide, we have the performance of the capital markets. The shares have had an improvement. The index of energy has had an improvement, and the Ibovespa had an increase of around 23%. And the last one that we like to highlight, which is the financial volume, which we closed the year with BRL 24.1 million for daily negotiations. And then I close my presentation. We can continue with the Q&A session. Thank you. And now we will start the Q&A session for the investors and analysts. In case you want to ask questions, please go to the icon, raise the hand. In case your question is answered, you just can get out of line. In case you want to write your questions, you can click on the button at the bottom of the screen, which has Q&A, and then you write whatever you want. So we are waiting for your questions. Our first question comes from Julia Zaniolo, from Santander. So your mic is open. Good afternoon, everyone. My question is related to the transmission line. First, how do you see opportunities in short term related to this auction in Latin America? And then what do you intend to do along this year, if you have any expectation to prioritize those Latin auctions? Or will you deal with Latin and Brazil the same way, with the same discount? So thank you. I think it's hard to say. We have to study case by case, and it's according to the level of complexity that we have for every project. And this issue of a return and discount depends on it, mainly, for Latin, that sometimes they don't have the price. We define the price, and this price will just be recognized after we open it. That's, of course, we take into consideration all the criteria for the costs and capital for every country where we go, we get in. It's adjusted according to the risks of each country, of each place where we are in. Thank you. Now, our next question comes from Mr. Mário Moraes from Banco Safra, and he says: Good afternoon, everyone. Please, could you share the view of the company related to the competition and the possibility of having partnerships for the auction that we will have in the end of this month? Besides this auction, do you see any other opportunities in this quarter, considering Chile, Colombia, and Peru? If so, could you share the features, the size of the batches, among others? How do you see the reception of the investors related to the bonus? So let's start from the back to the beginning. Yes, related to the auction, it's difficult to know. We still don't have a perfect diagnosis. We don't know how the auction will be. We don't know how aggressive it will be, the level of competition. We are still in the preliminary level and see which ones are feasible and which ones aren't. Related to the bonus for the action, we actually did it last year, and the reception has been good. And this is something that has helped us with the liquidity, which is another concern that we have. We are doing this again. We did it once last year. It's been a while. And another bonus. And I think it has been positive. We've had positive things, and it's a way of a payout to pay the dividend. So I think this is an interesting structure for the company itself, as well as for the stakeholders. Another question comes from Victor, from Itaú. He says, "Good afternoon, and congratulations for the results for 2024. Can we expect that the payout will be in 50% with some advertisements of bonus in shares, or the increase would make sense as the company wants to leverage between 3x-3.5? Does the company intend to be in the auction that will be held in the end of March with Perfin, as they did in the last auction?" For the payout of dividends, yes. Yeah, that's our policy. We will pay the least. If we have leftovers of the limit, if we can keep those, numbers 3-3.5, yes, we can increase the dividend for the payout. We will be following this along the year. We will be doing this very close, and then, if it's possible, we can pay more than 50, because the policy requires the minimum and not the maximum. And the other question was related to the auction. I think I've already answered this question. We are still in this phase of study. We don't know for sure which projects are feasible. Partners, partnerships that we are still studying to see if we will have them or not. It's not a general rule. Maybe some projects we might have, and the others we might not, to have a definition where we want to go. The next question is from Peterson Silva, from Alfa, and he says, "Taking into consideration that we have the bonus for shares, doesn't it damage the yield of the company, taking into consideration the pairs of in the sector and also the stakeholder bases? What does the company think about it?" I don't know. I didn't get the question, because who will get the shares are the existing stakeholders in the base. So in effect, I think should be the other way around. The stakeholder that has shares today, besides receiving the ones that will be in the bases, they will receive the dividend as well, and amount of shares that they can sell into the market if they wish. And it increases the payout, the payout of the dividend for the stakeholders related to what was said before. There is no dilution of any stakeholder when you give the bonus. The stakeholders will get those shares, and they will be there in the, in the bases at the, on the set date, because it will, the bonus will be the same, it will be the same as the dividend. The next question is from Flavio Baú, and he says, "What is the dividend or EBITDA you consider important for a new cycle of investment?" It's complicated to answer that because it depends on each case. But this is not our decision, our own decision. Maybe we have a level of debt that will drop my rate and will give more costs for the debt. It depends on, negotiation among the, the holders that have a bonus to negotiate that. This number is between 3.35%, the limit is 3.5, and then we've been working on this number between 3-3.5. It depends on several conditions of the market that can be changed. There is the impact of the level of the interest rate, which can be higher. That's not something that is the main point of the company. It's something that we can keep studying and working on it, but for now, what we have in our contracts, not in some of them, not in all, is the limitation of 3.5. As we have this number, we would try to work between 3-3.5. The next question, he says, "Good afternoon. There are other opportunities. The company's mentioned some challenges in the supply chain, due to the high volume of investment concentrated, in short term. Could you give us an overview of how you see this? Yes, it can be a challenge, the supply chain, of course. Especially for the building and assembly, there is a large gap, and it can generate some constraints during this process of construction. We work with a vertical way. We depend less on specific providers, suppliers, but then in the market, yes, we can have some constraints and some issues for the deadlines, CapEx costs, for some specific cases. It's hard to say, but yes, but it, it's according to each case. Our next question comes from our José Todestini, and your mic is on. Mr. José, your mic is on. As we have no more questions, the Q&A session is closed. I'll give the word to Mr. José Luiz for the final remarks of the company. I would like to thank you, the opportunity of, discussing with you the numbers of the companies for 2023, the fourth quarter. And again, I will I will say that, if in case you have questions, you can you can get in touch with us, and our team is available for you. So good afternoon and see you next time. The teleconference of Alupar is finished. I thank you for your participation. Have a great afternoon.