Good day everyone, and thank you for waiting. Welcome to the Santos Brasil Q3 2022 earnings conference call. With us today are Chairman Antônio Carlos Sepúlveda, Chief Financial Officer and Investor Relations Daniel Pedreira Dorea, and Commercial Director Ricardo dos Santos Buteri. At this moment, all participants are on listen-only mode. After the presentation, we will entertain a Q&A session when more information will be provided. Please note that the release and the results presentation are available on the company's IR website, where the recording of this event will be made available. Before proceeding, please note that forward-looking statements about Santos Brasil's business perspectives, as well as projections and operational and financial targets are beliefs and assumptions of the company's management, as well as the information currently available. Forward-looking statements are no guarantee of performance and involve risks, uncertainties, and assumptions because they relate to future events and therefore depend on circumstances that may or may not occur. Investors and analysts should understand that general conditions, industry conditions and other operating factors may affect the future results of the company and may lead to results that differ materially from those expressed in such future conditions. I would now like to hand it over to Mr. Daniel Pedreira Dorea, who will begin the presentation. Mr. Daniel, you have the floor. Good morning to all. Thank you for participating. I hope you all are well. I have Antônio Carlos Sepúlveda, CEO, and also Ricardo dos Santos Buteri, Commercial Director of the company. We have a new format to announce the results. It is more modern. I hope everything runs fine, and afterwards we expect your feedback. I also believe that I could not begin this earnings call without first making an honorable mention of Santos Brasil's 25 years which were celebrated in November. It has been 25 years full of stories, building a company that has become a reference in ports and logistics. The results of the third quarter of 2022 reflect well this trajectory. This is a growth in business, gains in productivity and efficiency, and constant improvement in our operational and financial indicators. We are celebrating 25 years with strong recovery and profitability, cash generation, present and future, and the strengthening of Santos Brasil investment capacity. At Tecon Santos, the Q3 volumes of 2022 presented the typical stronger seasonality of the quarter when both the industry and retail prepare for the year-end sales. For example, we recorded a growth of 12.4% in the volume operated at Tecon Santos when compared to the same period previous year. By the way, please note that this growth was in a record-based comparison there, which reinforces the company's ability to anticipate the projected demand and from there organize Tecon Santos to serve the user of Port of Santos with efficiency and excellence. We total 40% of market share in the Port of Santos, stable vis-à-vis last year. Our expectation is that the volumes of the port continue growing until the end of 2022, and Tecon Santos will continue to provide capacity at the Port of Santos, including gain of market share. The vehicle terminal registered another excellent result in Q3 of 2022, handling 76,719 vehicles, which is an 82% record year-on-year. We recorded growth on import-export flows, but also an increase in the movement of heavy vehicles would help to raise the average ticket of this business unit. Another highlight of the quarter with Santos Brasil Logística, during the first nine months of the year, we won three percentage points of market share vis-à-vis the same period last year. This is a market share of 11% of our logistic assets in the Port of Santos. The Tecon Imbituba continued to benefit from the growth of cabotage. In Q3 of 2022, volumes grew 29% year-on-year, with rice shipments standing out. The Imbituba general cargo terminal operated 21,348 metric tons, down 70% when we compare it to last year because of the end of pulp exports at the terminal. Finally, on the operational side, it is worthwhile pointing out that Tecon Vila do Conde was still impacted by the shortage of empty containers in the region, with a drop of 6.3% in the volume of containers handled in comparison to Q3 of 2021. In any case, we have observed a trend in Vila do Conde volumes in recovery in October as a global logistics bottleneck, and therefore normalization in the repositioning of empty containers and the capacity on shipments. Having gone through the good operational highlight, I would like to talk about the financial indicators of the company in Q3 of 2022. Consolidated net revenue totaled BRL 522 million in the quarter. This is a growth of almost 32% vis-à-vis Q3 of 2021. In addition to the higher volume and the growth of imports contributing to a better mix of cargo, the main driver of this result is centered on the price adjustment of the services offered by Santos Brasil, mainly in quay and storage operation, which is reflected in higher average tickets in all our business units. The company's EBITDA totaled BRL 215 million on Q3. This is a new quarterly record with a growth of almost 42% year-on-year. Now, the EBITDA margin was 41.3%. This is a gain of three percentage points vis-à-vis the same quarter of 2021. Now, in the first 9 months of 2022, we recorded BRL 608 million measured by the EBITDA and a consolidated margin of 41.5%, a gain of 5 percentage points year-on-year, which is in line with what I've mentioned in other occasions. Here, we could improve the company's future profitability, and this is one of the main points of our management. In turn, the net income totaled BRL 109 million. This is a gain of 64.3% year-on-year, and BRL 306 million year-to-date, with a net margin of 21% during the first 9 months of 2022 when compared to the same period last year. There is a gain of 7 percentage points in the net margin line, thus an important increase in the company's profitability. We closed the quarter with a cash position of BRL 756 million, which, when discounting the gross debt, totaled a net cash position of BRL 425 million. As I have always stressed, the company's strong combination of cash generation and a balance sheet allows us to adequately remunerate our shareholders without compromising the ability to invest in the expansion and modernization of our assets or even M&A activities. In September, we distributed BRL 327 million in interim dividends based on the net income calculated on the first half of 2022 and the profit reserve account. Three days ago, we announced a new distribution of interim dividends and interest on shareholders' equity totaling BRL 196 million for shareholders. So far, we have paid or announced BRL 523 million to pay out the capital of our investors. Now, on the CapEx side, on Q3 of 2022, we invested BRL 111 million in our assets, highlighting BRL 77 million for Tecon Santos, which includes the payment of an advanced payment of the acquisition of 2 quay cranes and 8 electric RTGs, equipment that will be delivered by the end of 2023. Now, these electric RTGs are the first yard equipment that have been acquired by Santos Brasil, and this is in line with the modernization of the terminal seeking greater efficiency, automation, a reduction of the emission of pollutants, which also reinforces the company's commitment to our ESG agenda in all dimensions. In environmental, we anticipate the achievement of two of the three goals established for the period between 2020 and 2024. Number one, a reduction of 15% in greenhouse gas emissions. The second goal, achieved the reduction of 30% in water consumption and 50% reduction in waste generation. That is our third goal, that is already close to being achieved. It is also important to highlight the progress in the operations of the brownfield liquid bulk terminals at the Port of Itaqui. Both terminals are already duly licensed, and last week. This is good information to share. We've signed the first contract for handling and storing fuels with an important regional distributor. It is a historic milestone that marks the beginning of Santos three years ahead of our original business plan. Our commercial team is in advanced deals with potential customers, which so we believe that this will be successful in our company. We are very reassured in the area of liquid bulk. Now in my final considerations, I would like to congratulate all the company stakeholders for the Época Negócios 360° Awards. Santos Brasil was elected the best infrastructure company and the company competing with big names in the sector. It is an award that honors us, not only because of the quality of the competitors, but also the comprehensiveness of the six evaluated criteria. We have future vision, ESG environment, ESG governance, innovation, people, and financial performance. Finally, one last comment about a milestone important for Brazil ports sector, which was the operation of the first Neo-Panamax-class container ship in the country. Tecon Santos was chosen by CMA CGM to receive this giant of 347.5m-long vessel and unload its more than 33,000 containers in just 30 hours. This event awards the operational excellence of Santos Brasil's operational excellence and shows that the company's investments with the attraction capacity of this new class of ship are on the right track. I think we can stop here, and we can start our Q&A session, and we are at your disposal. Thank you very much. Thank you very much. We will initiate our Q&A session. For those that wish to pose a question, please, you can raise your hands. That is on the bottom part of your screen, so that you can open your microphone. Those that wish to send their questions in writing, they can do it through the Q&A button. Now, questions in writing will be answered here in the live session. Our first question from Guilherme Mendes. Guilherme, you may pose your question. Good morning, and thank you for taking my question. I have two questions. One regarding the auctions of the Santos port. What is your expectation together with the government to enable these projects? My second question, if you can elaborate on capital allocation and dividends. I believe you have a deleverage balance, and you have conditions to pay dividends. Now, where are you going to focus your investment and all this releveraging can generate more dividends? If you could elaborate on this point. Guilherme, this is Antônio Carlos. Well, with the change of government, I believe that the bidding is going to change. In the case of the SPA, they want to continue with the privatization of services. Probably, the bidding with the port authorities will be different. We have to wait and see. Well, this is going to take some time, I believe. Now, the STS10 had already been included within the with the SPA station package. Let's say we go back to scratch to see what is going to happen. We have to wait for a new ministry to be made up. President Lula, in his first mandate, he created the Special Secretariat for Ports. He strongly focused on ports, so we really don't know if we will see this again, if there will be a breakout. There will be a change in the way we manage, and we have to wait and see. Anyhow, I believe that we won't have news in the short term. We will see things in the future. Daniel will talk about our dividend policy. Okay, Guilherme. I think I am going to strengthen here what we have been mentioned. The company's situation is timely to be a strong dividend payer. I always make a caveat here because we don't lose the ability in investing because we have excellent return. For example, the investments that we have on the Tecon Santos. Also, this allows us to evaluate an organic growth opportunities or M&A, as long as we find assets that match our strategy and bring synergy to our portfolio. This is not a simple task. This is a task where you have to be careful and you must work with discipline. Now, the cash position currently and the future cash generation projected by us, and we believe that is strong, will turn Santos into a strong dividend payer, have shown this throughout 2022. I believe that there is still space to pay a bit more profit, because we did this when we analyzed the results of the first nine months. We still have another quarter that is a strong quarter. There is no better place to allocate these funds. I'm not saying that this is going to happen, okay? We perhaps will propose an additional distribution of dividends. Santos Brasil, it is. It's a growth company. I think we have growth and value. I just would like to add something that is the following: We have a strong demand on our three areas that are container port terminals, logistics and liquid bulk. We have a strong investment agenda in these three business lines that are low-risk investments of high return. We will continue growing. In terms of volume, in a positive environment, I believe that we are facing a good moment. Our expectation is that in the next years, we will see a continuous growth of volume and margin. Thank you very much for your answers. Our next question from Mr. Luiz Capistrano. Mr. Luiz, you may pose your question. Antônio, Daniel, good morning, and congratulations for your excellent results. This is thanks to what you have been doing in the past quarter. My question is a follow-up. You mentioned that you expect a very strong fourth quarter. Could you elaborate what volume of cash can we expect? Can this be a volume expansion quarter on quarter? Because we know that Q3 is, seasonally speaking, the strongest quarter. If you elaborate how strong you see the fourth quarter vis-a-vis Q3 in terms of volume. My second question will be more related to margins. We saw the margins of port terminals dropping quarter-on-quarter. Is this a result because of the expenses of the liquid bulk terminals, and what margins do you have in Tecon Santos? What kind of margins do you expect? Also a logistic business. There was a good margin during this quarter, but there is a sequential drop. This is 5 points vis-à-vis the first quarter. Could you tell us what is your prospect regarding the margin from here on? If we will see something. You mentioned that 26% perhaps wouldn't be a stable figure. Could we expect 20% in the future? Can it be between 20%-26%? Thank you very much for taking my question. Good morning, Luiz. This is Ricardo dos Santos Buteri speaking, and thank you very much for your question. Now, speaking about the Q4 of 2022, we have to highlight that we had a first semester in the Port of Santos that wasn't as strong. From July up till the date, the growth has been extremely favorable, totaling 13%. When we compare the same quarter of 2021, when we talk about the fourth quarter, yes, we already have a good lineup, a good visibility. After the resumption of the imports of the last quarter, we expect an additional 9%. Now we want to meet the strong demand of food, pulp and sugar, which is strong. Yes, the fourth quarter is extremely attractive. We don't expect nothing below 100,000 containers a month until the end year, because we have imports for Black Friday and Christmas, especially in the three segments that I mentioned. Luiz, this is Daniel. I am going to answer the other two questions. I am going to talk about the margin. Yes, we have the Itaqui issue. But we suffered three cost pressures that impacted the margin of Q3. One of them, the adjustment and the payment of PPR, because we are already projecting the achievements of the targets established with the union labors through a bargaining. We did a provisioning of PPR that impacted BRL 10 million. This is a very specific adjustment, but was concentrated on Q3. Another matter, we had a concentration of payments in civil lawsuits and labor lawsuits. This was around BRL 10 million. If we compare these BRL 10 million with what was paid on this during the same quarter of 2021, that was BRL 4.9 million. We have a delta of BRL 5.1 million. When you add to the ten million to the PPR adjustment, this represents BRL 15 million. In addition to this, there was SPA, the Port Authorities of Santos, that is Tabela III. There was a payment that impacted an additional BRL 2.3 million. We are even discussing from the management and legal point of view, this new payment or SPA to frighten them. Nonetheless, yes, we did incur in this additional payment. These three lines here that I just mentioned, and I'm not even including Itaqui, total BRL 17 million. If we add this up to our recorded EBITDA, that would be BRL 230 million and EBITDA margin of 45 million percent. I think that our consolidated result is 45%. Your question is important so that I could explain the pressure that we've suffered and the concentration of lines of cost during Q3. I am going to hand it over to Ricardo so that he can talk about the run rate margin of SBLOG. We have to remember the following: There was a drop in dwell time between the second and third quarter. We had this standard operation of the Receita Federal, and this standard operation of the tax authority elevated the dwell time of import storage. This went back during Q3. Naturally, a drop in dwell time impacts the logistics margin. Now Ricardo will comment on this. He will demonstrate our good expectations regarding Santos Brasil Logística. Thank you, Daniel. Luiz talking about SBLOGs after Daniel's comments. Now our logistics is thriving. We are even allocating capital to gain capacity. The rate of utilization of our areas are extremely high. The gross operating revenue growth and all the tickets grow in all units. What can I say about logistics when we talk about the integration, about CLIA and customs will be 2025. We compare it to other market player, you will see lower margins than this. There is no expectation of drop off, of hindering our strategy. Because we're using market intelligence in all our new contracts, there are important points. We are growing in market share, and Daniel mentioned this in his initial speech. We are 11% in the secondary area, gaining three percentage points year-to-date. There was a detractor, but it's very specific when we think about the distribution centers because there were plant paralyzation of customers during Q3 2023 because of demonstrations of outsourcing parties. The cargo is stored within our distribution centers. Nonetheless, it's there and it hasn't been collected. Logistics is generating capacity with an increase of price in volume, especially new contracts of ocean cargo, especially logistics when we deal with customs. Thank you very much. Thank you for your clear answer. Our next question from Victor Mizusaki, Bradesco. Your microphone is ready to receive your question. Good morning. Congratulations for your result. I have two questions here. In your results release, you say that on November eighteenth, the STF will rule over the segregation and delivery service. If you could elaborate on how this can impact the results of Santos Brasil in the future, and a follow-up question regarding logistics. Thinking about the future or if we see the results of Q3, we see a strong growth in the logistics EBITDA. Last year during Q3, it was around 8%, and now it is around 11%. Now, when we see the logistics vis-à-vis the EBITDA of port terminal logistics gaining momentum within the group, which would be an ideal mix or a possible mix between these two divisions, and what kind of investment is needed in order to achieve this figure? Now regarding the process and the STF regarding the PCCA, the delivery and segregation. This is to determine that ANTAQ would prevent the charge of this line. In the case of Santos Brasil, this is a limited impact, just for you to have an idea, of BRL 10 million a year. Here I would like to remind you that great part of the price of internal segregation service that we collect, we already transfer this to losses because of the number of legal discussions that we've had. We no longer could consider this in our result. On the other side, the Santos Brasil Logística that withdraws cargo in the liquid bulk terminals no longer incurs in this cost when it provides services. This net effect is negative, but it's limited. Up to BRL 10 million a year. It does not exceed this amount. What we want in reality, we want legal security. We want this to be foreseeable. I think that Ricardo can answer the second part of your question. The participation of logistics in the EBITDA. Thank you for the question. We have executed plans with discipline, and this is why we have this evolution from 8% and 11% in the EBITDA participation of the company, that we believe that this will not drop in the upcoming years. We are currently investing. Speaking of port logistics, the CLIAs, we are investing currently BRL 13 million to increase 25% of our capacities in the CLIA Santos. This is a terminal with high utilization rate, and this additional opportunity and capacity has contracts in order to occupy this area. We're training, capacitating the CLIA for this volume. Now, when we talk about the CLIA Guarujá, we're going to increase the capacity. These are Santos Brasil's own plots of land where we achieve the environmental license, and we will be able to increase our capacity. With Guarujá, we have a conceptual project underway. We will increase the capacity of our yards and also capacity of storage for fractioned cargo. We had two important contracts with freight forwarders, and therefore, our throughput in CLIA Guarujá increased 108% only during the last quarter of 2022. Yes, we're going to invest in the CLIA Guarujá capacity. When we see 3PL logistics, our strategy is asset-light. We are participating in bids. We have experienced executives from the logistics and distribution center market doing pick and pack, and we are participating in bids to build asset- light customized for chemical products, automotive products, and other things that we define. Logistics will continue thriving. We expect to grow in volume and profit in 2023. This is Antônio Carlos. I would like to piggyback on what he said. As Ricardo just mentioned, our logistics project is asset light. We just saw that we can increase our market share in customs storage in Santos, and we're focusing in fractioned cargo. This will improve the logistics EBITDA in the upcoming two years. With this increase of capacity, the EBITDA of our ports will increase because we invest in Tecon Vila do Conde that are two highly demanded ports. When we think about Santos Brasil in the future with these investments and with the growth of logistics and 3PL that is an asset light. We see that yes, it is possible from here to 4 or 5 years with Itaqui in operation, we will have a portfolio of 70% of the EBITDA coming from the container port, 15 liquid. This is a portfolio that we see in the short term, and this depends on how the market is going to behave. This is a mix that we pursue in order to have a more diversified revenue. We cannot think about this for 2023 because both are growing a lot. Logistics is going to grow and Tecon's EBITDA is also going to grow. Our next question from Mr. José Victor Garcia from RX Investments. Good morning. What is the company's expectation for the renegotiation of the contracts of Tecon Santos during 2022? Thank you very much for your question. This is a continuous agenda, and it is extremely dynamic. When we talk about 2022, during some other conference calls, we said that we have three shipowners to negotiate this year. What happened during the third quarter of 2022, we concluded the contract with three shipowners. Now 2023, we have a negotiation of all of the participants on 2023. Up till now. We are concluding things, be it for capacity, operational efficiency and tariffs abroad. We want to begin the contract with Maersk that ends in December. After this negotiation, we have the negotiation, and we will renew the other 12 contracts with the other shipbuilders in 2023. We have Diego Silva. What is the expectation to buy new electric reach stackers to move containers within the sites? This is Antônio Carlos. Our electrification plan is for RTGs that are on wheels and not reach stackers. We will focus on RTGs and trucks, vehicles that are electric. We are going to receive the first 8 electric RTGs by the end of the year. For the time being, we do not have a project for electric reach stackers. This hypothesis would be interesting for the CLIAs that are smaller yards that use this type of equipment, but for the time being, we haven't studied. If you would have something interesting, you can contact us because we are paying attention to the decarbonization of all of our units. Now to pose questions, you may use the Raise Hand button that is in the bottom part of your screen, and your microphone will be opened. Those that wish to send their questions in writing, you can do it through the Q&A button. We please ask you to wait while we collect the questions that are coming in. Our next question from Lucas Barbosa, Santander. Mr. Lucas, you may pose your question. Good morning, Carlos, Daniel. I have a mid and long run question. When we see the Santos port, where do you believe that there is more space for demand growth? We have the growth of GDP that can be a growth driver, but which segment can grow and which segments when compared to 5, 10 years ago are smaller, and you believe you have a potential to put them back to past levels. Lucas, thank you very much for your question. This is Ricardo. A first driver that must be considered because of the growth that we've observed, not only in Santos, but mainly in Vila do Conde's cabotage. Yes, we believe that the BR do Mar will give more importance to cabotage, and this segment may grow more than what it has grown lately in Brazil. Yes, there is restricted volume. After the elimination of red tape, well, we believe we will have a greater redistribution through the Brazilian coast. Now, also the disparity of the dollars of your currency, we have record month-on-month of export volumes for cars and heavy imports. What does this mean regardless of the destination? For instance, when we talk about BEV, we have a favorable position to export toward Colombia, Chile, Peru. These are countries that in the past didn't represent an important market share. Conversely, what happens is that the automobile production result has better results than in the past year. When you have better results, you have better rates of employment. So our vision is that demand will be it for import or export of the auto industry, will grow beyond cabotage, and we believe that the BR do Mar will insert a volume above what we have today. There are three points here. Recently, Daniel mentioned it in his speech. We received the first ship, Neo-Panamax. There we have the three major shipbuilders. They have their own cabotage brand. Together with BR do Mar, I believe that this will turn Santos into a concentrating port, and we can increase even more. We are in the middle of our investment plan of broadening the Tecon Santos for the. Here we're increasing the cabotage transportation. We have to see the fiscal side. Lula's government is a new government. We don't know what his relationship will be together with Congress, but this has been within Congress for over 10 years, and we lost 15% of our imports to Santa Catarina and Vitória. Fiscal reform can end the special regime of Vitória and Santa Catarina, and we may bring this import. This is the Paulista cargo that unloads to Vitória, to Espírito Santo, to Santa Catarina, and this cargo is brought to São Paulo through highways. If we can reduce this fiscal gap, we bring this load back to São Paulo. Another important point, this is in the short run, would be the massive return of agribusiness through container with the increase of container. With the drop in fleet, this can go back. This would be an increase in export cargo. We have three drivers that would allow the multiple growth vis-à-vis the GDP could go from 2.5 times. That would be through these three points. We want this to happen very quickly. Thank you very much. To pose questions, please use your button, raise hand, so we can open your microphone. For questions in written, please use the Q&A chat. To pose your questions in writing, please use the Q&A button. As we have no further questions, I will hand it back to Mr. Daniel for his final remarks. Once again, I thank all of you, and I end this call thanking all of our employees, shareholders that have helped us to build the first 25 years of Santos Brasil's history. Thank you very much and have a good day. Santos Brasil's conference call has come to an end. We thank you all for your participation and have a good day.