This is the video conference of results presentation of Energisa. In case you need simultaneous interpreting, you have the icon on the right-hand side on the bottom. You have options English, Portuguese, and you can mute the original audio in case you choose English. Questions should be sent via the icon, Q&A. Your names will be announced as per your enrollments, and your name will show up at the time of the question. Instabilities may occur that in the time of response during Q&A. We count on your understanding. Information that will be shared here and declarations during this video conference concerning business perspectives, financial and operational perspectives will depend upon information that is currently available. Future of information is not assured because they depend upon future events and depend upon circumstances that may occur based upon the market conditions and may affect the results and information here foreseeable. Those pieces of information should be taken into an account. Mr. Maurício Botelho, Director and RI of the Company. Mr. Maurício, please, the floor is yours. Good afternoon, everyone. It's a pleasure to be here to share the results of the Company. The second quarter of 2022, we have Mr. Ricardo Botelho, VP, Ricardo Botelho, Market Director, Mr. [Weinberger], Admin and Operational Director, Mr. Rodrigo Santana, Corporate Finances Director, and our RI team. Let's go into slide number four. This slide shows the performance of the growth of the company, 2.3% growth, compared to previous year. Classes that are residential and commercial, 66% of the consumption. The residential class, that is 39.5% growth of 25.5% positively impacted. 70,000 consumers moved from rural to city. We have had climate that has increased in terms of temperature, and that has caused growth. Now, when it comes to commercial classes, 19.1% out of the total we have had the greatest growth of the group, the Energisa Group, especially Energisa Rondônia, that grew 13.2%. Energisa Mato Grosso do Sul, 9.5%. Acre that has had a growth of 9%. The industrial class, that is 22.2% with a growth of 2%, especially Rondônia State and Tocantins, 32.2%, and Acre, also with a positive growth. Rural, 8.9% of the total consumption grew, influenced by the return of the consumers of the residential class, the moving from rural to urban. That affects the numbers that we have here. It's been a heavy rainfall season here that has affected us directly. Next slide, please. Please bear with me while I turn on the camera. If somebody from support could help me here, please. I'm not being able to turn on the video camera here. I'll keep going without the camera, if you don't mind. Slide number five. We have the evolution of the electricity losses. March 2021, we have total losses 12.67% reduction of 1.1 percentage points since the first quarter of 2021. The best result since the privatization of Acre and Rondônia, with the fourth quarter with the incentive below the regulatory level. Energisa Rondônia, 3.1 percentage points compared to the first quarter of 2021. The first quarter of 2021 and the regulatory thresholds for 32.2%. 15.95%, 3.96 percentage points lower than the regulatory threshold. The lowest since 2018. The losses were around 28%, in Rondônia and 22% in Acre. Tocantins, that dropped 2.2% and is operating with 2.2% below the threshold, regulatory threshold. We are working on this situation. We have Rondônia non-technical losses 13%, much above compared to Mato Grosso, that is in the order of 15%. Let's see the quality indicators. All except for the deviation downwards of Mato Grosso. You can see that they have the minimum historically speaking. Rondônia had a good result. Acre, DEC and FEC. Minas Gerais, DEC, best result ever in Mato Grosso. Elevation in DEC and FEC due to unfavorable weather conditions compared to the same period last year. It wasn't. It didn't live up to expectation. We are working concessions, especially. We have strategically planned to take it up to the expected level. PMSO controlled expenses 2.6% above, nevertheless below inflation that was in the order of 3.5%. We can see that we have costs here. Inflation affected commodities input. This growth is in the order of 25%-30%. We have especially fuel, lubricants especially, and also the grid maintenance, defaults indicator in the order of 1.33% compared to the revenue of the last three months against 1.09%, compared to the first trimester of 2021 and the same level of 2020. 24 percentage points. 0.24%, compared to the same period last year. Compared to last year, we had the FIDC is for the receivables. FIDC stands for debts that are hard to recover. They are defaults. We have foreseeable situations here. BRL 36.1 million due to FIDC. Always comparing to the same period last year. You see that we are in the order of BRL 96.5 million, comparing here to the same period of last year. The main hardship was in the residential area, which is as expected. We have EBITDA societário increase by 36.8%. BRL 468 million more than 2021, and got to the level of BRL 1.8 billion. We have had increments of some investments impacted these numbers and of course all the efforts to make up for the inflation impact. The EBITDA without the cash flow impact, it has an increment that is higher 50.6%, reaching BRL 1.5 billion. Here we see EBITDA recurring from distributors comparing the regulatory level. Comparing to Rondônia is operating on the positive side, 19.2% above, Acre with a performance, with a good direction within the distributors of the group. EBITDA, we have good sectorial performance. We had an overperformance of 44%, an underperformance, and we are up to 63.6%. I point out that these companies, Acre and Rondônia are gradually transitioning. I'm sure that soon they will be at the level of the best performing companies in the group. Slide 12, net revenue. A drop in 33.5%. You see the numbers, 33.5%, less compared to last year. We have the derivatives with positive effects in comparison of the quarters. Excluding these events, non-cash flow related, we have a recurring revenue of BRL 558 million, BRL 162 million. So a growth compared to 2021. Now, debt, 17.2%, a growth of the order that you see here. We have investments, of course, that were foreseeable for 2022. Cash flow position and equivalent, very robust, BRL 7.5 million. Very comfortable position for the next 12 months. Prepared to face any volatility that may have come. 2.4-fold with an increment of 0.1 when you compare to December, 0.6x when you compare to the first quarter of 2021. This indicator is used in our covenants, and the limit is 4.5%. That means that we still have some room for our strategy for growth and performance. Investments. A total investment of BRL 1.4 billion, a growth of almost 48%. Distribution growth by 78%, BRL 397 million, way above compared to the same period last year. Rio do Peixe, Paraíba, we invested BRL 196 million. We have foreseeable operations starting in September with a capacity that will be totally traded in the free market. Distributed generation, a growth of almost 70%. Actually in the order of 70.8%, we created here Energisa, our new brand together with Alsol and Energisa Soluções. We have here the idea of controlling the performance of the company and help maintain this separate at the management. 33 units foreseeable solar energy. We can add here 115 MWp solar energy. We have precedent conditions that make us very optimistic for future results. Now, investments in transmission. Transmission, we are making advances, so BRL 1.8 billion. 68% out of 3.8 billion foreseeable. Here we have some remarks here on Gemini. We have precedent conditions. We have the approval by CADE and ANEEL. No considerations. The importance of the distribution segment for Energisa. We have tariff revisions of five next year, or a growth of more than 5% of the EBITDA for distribution. CapEx BRL 3.8 billion foreseeable that we announced in the first quarter meeting. We have acquisitions foreseeable to add to the platform of business. We have Gemini and GPTE, two acquisitions. 83% of the strategic objective and goal that was announced last year. On June 30th, we have ANEEL transmission. We have 13 lots, three states, BRL 2.2 billion. Energisa continues to review opportunities, and we are going to allocate capital with efficiency, as much efficiency as possible, and very carefully. The participation in the value chain, we have our projects moving on very timely, and we have vision that will get 36 MWp in the next three years. In April this year, we reached 31.1 MWp that we mentioned on Energisa Trade last year. On that note, I wrap up my presentation, and I would like to open for questions. Now we start Q&A. We invite you to ask your questions all at once, waiting for the response from the Company. Send your questions via the Q&A icon. Your names will be announced. You'll ask your questions live, and then your mic will be open. You'll get a message announcing that. Our first question by Guilherme Lima, sell-side analyst, Santander. Guilherme, your mic is open. Floor is yours. Good afternoon, everyone. I have two questions. Can you comment on what you have seen trend in PDD and default, and what you expect from the remainder of the year? Opportunities for growth in the short term. You mentioned the bidding for transmission and anything else that makes sense in this sense. Growth and generation, the strategy for growth and generation, if you are looking at inorganic growth, renewable energies, and if you are thinking of real energy. Let's try to break the questions, the question into parts. Milton, if you would deal with the first question. Good afternoon, all. The rate of default as we reported in March, the PDD, they are within historic highs. We are still with the maturity of the flag of scarcity hydric and the macroeconomic scenario that it requires a very wise eye to maintain to keep up with what's happening. We have at the end of the year that we have the 13th salary that is part of the contracts in Brazil. The economic economically speaking revenue whatever we see as an opportunity we plan for growth. Now the remaining of the questions we have two more part. One question to ask you were talking about the bidding the the transmission. We haven't done the full study. We have some lots we are going through Gemini that connects Pará and Paraná states. Concerning the rest of your question, we do not have a proper question at this point, but we are looking into that. Generation, we want to expand the renewable matrix. Opportunities in greenfield as we are doing here, I think the opportunities are out there. We have the windmill park in Sobradinho with authorization and access that is awaiting licensing. The other question, I cannot make comments in terms of the acquisition, mergers and acquisitions, regarding that part of your question, I cannot answer at this point. Our next question is by Daniele. We are going to open your mic so that you can carry on. Daniele, please, carry on. Good afternoon, everyone. A follow-up on the question of Guilherme. If you could actually talk about the ramp up of the distributed generation branch. I would like to understand the speed of this ramp up. When we will see the productivity of that in the results of the company, and what is actually expected? I would like to hear about the bidding on 4th of May, and what you foresee for that, bidding. Generation, guys, one of you. Ramp up wise, distributed generation, I have commented on. We are making advancements very fast. This year, we are going to reach 230 MWp. We are estimating that. I think it's very solid and reasonable to have a program for next year. I wouldn't like to have to share anything any more at this stage because we are still strategically working on it. -4, you mentioned that bidding, we are not planning on any acquisitions at that point. This is just to have an idea of the financial position. Energy acquisition will be a major point. Daniele, I think that the focus here is the renewable generation that we want to expand on. Trading in the free market. Perfectly perfect. Thank you. We remind you that you ask questions through the Q&A icon at the bottom of the screen. Your names will be announced so that you can ask your questions live, and so that your mics will also be open. Our next question by Mr. Daniele. We'll open your mic so that you can carry on. Actually, it's I'm back just with a question, trying to clarify whether you assessed and evaluated opportunities concerning CELG company in Goiás, and whether you see opportunities in that concession, and what is the position of the company concerning that, especially. The company always analyzes and assesses the opportunities in transmission and generation. Now, M&A-wise, mergers and acquisition, I cannot comment any further. It is still not prepared to be disclosed. Thank you. Again, in order to ask questions, use the icon Q&A at the bottom of the screen. Your names will be announced so that you can ask your questions live upon opening your microphone. If there are no more questions, I would like to offer the floor to Mr. Botelho for final considerations. Thank you. I thank you all for being part of this results meeting. You see that we had a decrease in revenue, but the events that caused that are non-recurrent. Energisa is a differentiated player in the market, especially in the share market in Brazil. Yeah, on that note, thank you all, and have a great day. Now we are adjourning the session of the first quarter. The RI department is prepared to answer your questions. Should you have any more questions, please send email.