Good morning, everyone, and welcome to Wilson Sons' third quarter of 2024 results conference call. [Foreign language] Joining us today are Mr. Fernando Salek, the company's CEO, Mr. Arnaldo Calbucci, the COO, Mr. Michael Connell, Investor Relations Officer, and Mr. Marcelo Torres, Controller. [Foreign language] This call is being recorded. To listen to the simultaneous translation, please click on the interpretation button and select English. Participants will be in listen-only mode during the company's presentation. To access the presentation, please click on the link in the chat window. [Foreign language] Participants are welcome to submit their questions during the call using the Q&A feature. The question-and-answer session will begin after the company's presentation. Financial information is presented in Brazilian reais and complies with international financial reporting standards unless otherwise stated. Page two of the presentation contains the usual disclaimers regarding forward-looking statements. I would now like to hand the conference over to Mr. Fernando Salek. Go ahead, sir. [Foreign language] Thank you. Good morning, everyone, and welcome to our results conference call. Let's start the presentation with slide four, highlighting our safety performance. In the 12 months until September 30th, our lost-time injury frequency rate was 0.39 incidents per million hours worked, once again outperforming the world-class benchmark. Our unwavering commitment to safety and the well-being of our employees is the cornerstone of our operations. Continuing with slide six. Here, we provide an overview of our consolidated results. In the third quarter, net revenue increased 24% to BRL 767 million, mainly driven by improved operating performance across the board. In the first nine months of the year, revenue increased 18% in BRL and 12% in USD. EBITDA increased 47% to BRL 399 million in the quarter, mainly driven by excellent container terminal results and towage results, as well as a one-off gain from the sale of our older Guarujá One shipyard. For the first nine months of 2024, EBITDA increased 24% in reais and 18% in dollars. Net profit for the quarter increased 129% to BRL 217 million, mainly driven by stronger operational results. This result also benefited from a net positive deferred tax impact of BRL 21 million, an effect of translating non-monetary items from dollar to real in our dollar functional currency subsidiaries. Year to date, profit increased 26% in reais and 18% in dollars. We now continue on slide seven. On this slide, we highlight the financial performance of our main businesses. Container terminal revenue rose 26% in the quarter to BRL 277 million, driven by improved operational activity and gains from ancillary services. EBITDA increased 28% to BRL 141 million, driven by higher volumes and economies of scale, resulting in a margin expansion of 93 basis points. Container handling increased 30%, driven by robust gains in transshipment and gateway flows. In U.S. dollar terms, revenue was up 11%, and EBITDA rose 13%. Towage revenue rose 19% in the quarter to BRL 387 million, driven by higher volumes and improved mix. While revenues from special operations increased in Brazilian reais, supported by positive exchange rate variations due to the depreciation of the Brazilian currency, they declined in U.S. dollars due to reduced salvage assistance activity. Harbor maneuvers increased 1%, mainly driven by a greater number of ships carrying grains, iron ore, vehicles, and steel products. In U.S. dollar terms, revenue increased 5%, and EBITDA rose 1%. In our non-consolidated joint ventures, comprised mainly of the offshore support vessel operation, revenue rose 30% to BRL 176 million, thanks to improved fleet utilization and higher daily rates. Operating days increased 9%, driven by new contracts and renewals. Net profit for the quarter rose significantly to BRL 11 million, reflected in the company's results as equity income. Moving to slide nine. On this slide, we present some of our liquidity and leverage ratios, which remain solid. [Foreign language] Bank debt in reais decreased 6% compared to the balance on June 30th, mainly due to amortization in the period. In U.S. dollar terms, loans decreased 4% to $288 million. The cash flow for the third quarter, we highlight BRL 309 million from operating activities, BRL 95 million in investments, primarily allocated to tugboat construction and container terminal maintenance, BRL 111 million in dividend distributions, as well as BRL 119 million in bank loan amortizations. As a result, we ended the period with BRL 324 million in cash and cash equivalents. The bank leverage ratio for the 12 months ended in September 30th decreased from 1.4 to 1.1 times EBITDA, both in reais and in dollars, due to lower debt and higher earnings. At quarter end, 75% of our bank debt was long-term, and 72% was financed by the Merchant Marine Fund at fixed interest rates. Moving on to slide 11. Here, we would like to comment on our operating performance in the year to October, which we believe adequately reflects the positive trajectory and the efficiency and momentum of our operations, underscoring the resilience of our businesses. Our core terminal and towage segments delivered very solid results, propelled by the continued expansion of trade flows. We exceeded our positive expectations for the first 10 months of 2024. For the year to October, aggregate terminal volumes increased 27%, driven by gains in all trade flows. In Rio Grande, container handling surged 29%, driven by strong growth in transshipment and deep-sea volumes. Similarly, Salvador had a remarkable 25% increase in operations, with strong performances across the board. Volumes by October have surpassed our 2023 figures. In towage, harbor maneuvers increased 4% over the period, and the average size of ships attended rose 2%, primarily due to the rise in iron ore, grain, and container volumes. In the offshore energy segment, our OSV fleet recorded a 9% increase in operating days, driven by new contracts and renewals. At our support bases, vessel turnarounds remained stable. The presentation ends here, and as per usual, I'd like to invite you to the Q&A session. Thank you. Ladies and gentlemen, we will now begin the questions and answers session. If you'd like to ask a question, please click on the raise hand button. If you'd like to remove your question from the queue, you can click on the lower hand button. If you'd like to send your question in writing, please click on the Q&A button. [Foreign language] We remind you that if you'd like to ask a question, you can click on the raise hand button. We received a question about when we will deliver the three new tugboats that we announced in the past. I'm going to let Arnaldo Calbucci answer this question. Thank you, Fernando. We're going to start building these tugboats in early 2025. Delivery for the first unit is expected by the end of 2025. The second unit will be delivered in early 2026, and the third will be delivered by mid-2026. As a reminder, the last one out of the 96 Amal Q tugboats was delivered in the third quarter of 2024. As a reminder, if you'd like to ask a question, please click on the raise hand button. If you'd like to submit your question in writing, please click on the Q&A button. [Foreign language] We received one more question here. An MSC sent in writing, and the question was if MSC has started its approval process with CADE. And what is the, when do you expect to get an antitrust clearance? This process has started. Our attorneys are working on this, and we expect the application to take place over the next weeks. So how long should it take? This transaction is going to continue. I mean, we're going to follow ordinary rights for this approval, and it will probably, well, at least we expect it to happen in the end of the second half of 2025, or at least by the second half of 2025. [Foreign language] We received a question here from Carlos Matos. [Foreign language] His question is if we have any forecasts about dates or estimates from the company's OPA. Of course, the company's OPA depends on the transaction, so we don't have a specific date. After the closing, we expect for it to happen within four to six months. This is the public acquisition offer OPA. [Foreign language] This concludes the questions and answers session. We will now pass it over to Mr. Fernando Salek for the company's closing remarks. Go ahead, sir. Thank you. [Foreign language] By concluding the first 10 months of 2024, I'm proud to say that Wilson Sons continues to post robust growth in many of its businesses and operational excellence in all of them. Our main business strength has been notable, and it demonstrates the strength of our operational model and the efficiency of our strategy. Looking towards the future, we continue committed to the highest safety standards, using our assets and allocating our capital with discipline. We're proud of the progress that we've made so far, and we're confident that we will be able to navigate a more promising future. I'd also like to restate our commitment to creating value for all Wilson Sons stakeholders and underscore that our values and the commitments that we have with our clients, employees, shareholders, partners, and community remain unchanged. We will continue operating normally at the same level of excellence, safety, and efficiency, which has always guided us. Our deep thanks to all of our employees for their commitment and for the exemplary work they've performed, which have been a mark of our company throughout our entire journey. Thank you for being here. I hope you are well and safe. Have a great day. Thank you. [Foreign language] This concludes the company's conference call. Thank you for being here, and have a good day.
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