Good morning, everyone, and welcome to Mallplaza's second quarter 2026 results conference call. Today with us are Pablo Pulido, CEO, Derek Tang, CFO, and Rodrigo Cirjan, Finance Manager. This presentation and the second quarter 2026 earnings release are available on our investor relations website and will also be available for download in the chat. During the company's presentation, all microphones will be disabled. Later, we will begin the question and answer session. To ask questions on audio, click on Raise Hand and state your name and company. You will then receive a request to activate your microphone. Please activate your microphone to ask the question. To ask questions in writing, just queue the question in the Q&A button. Please be aware that your company's name should be visible for the question to be taken. I will now turn the call over to Rodrigo Cirjan. Please go ahead, sir. Good morning, everyone, and welcome to Mallplaza second quarter 2026 earnings conference call. I am Pablo Pulido, Chief Executive Officer. Joining me today on the call are Rodrigo Cirjan, our Director of Finance and Investor Relations, Felipe Ramírez, our incoming Chief Financial Officer, and Derek Tang, who recently stepped down as CFO after taking on new strategic leadership challenges within the Falabella Group. Before we walk through our numbers, I'm delighted to formally introduce Felipe to our investor community. Felipe brings over more than 20 years of international executive experience, expanding financial management, corporate strategy, real estate development, and retail real estate across Latin America. We are thrilled to welcome Felipe to the Mallplaza leadership team as we continue driving our regional expansion and long-term value creation. On behalf of our executive committee and the entire Mallplaza organization, I want to express our gratitude to Derek for his leadership over the past years as CFO. His strategic vision was key in driving our regional expansion and growth across our markets while solidifying our investment grade profile and optimizing our capital structure. Derek, thank you for your contribution over these past years, and we wish you the very best in your new role within the Falabella Group. In line with that strategic growth, and before we walk through our quarter operation and financial performance, I would like to highlight a transformational milestone in our regional expansion, the agreement to acquire eight shopping centers operating under the Gran Plaza brand in Colombia. This acquisition expands our footprint in core urban centers like Bogotá while reaching five new cities, bringing our Colombian platform to 13 assets and over 460,000 sq m of GLA. With that, I will hand over to Rodrigo, who will outline today's agenda and share the key highlights of the quarter. Thanks, Pablo. Good morning, everyone. Before we discuss our second quarter 2026 results, please note that the management may make or refer to forward-looking statements during this presentation relating to our company, its results, operations, expenses, strategy, potential restructurings, and other similar matters. Such statements are based on assumptions and expectations of future events that are uncertain and contain risks. For further information on this, please refer to the disclaimer displayed on the screen. Today's presentation will follow the following structure. First, we'll review our financial and operational performance during the second quarter. Next, we'll share key strategic milestones and progress on value creation initiatives. Lastly, we'll open the floor to Q&A. During the second quarter, Mallplaza advanced in the execution of its growth strategy, highlighting the advancement in our brownfield investment plan, which currently totals more than $600 million, and the optimization of our tenant mix towards high productivity formats. Currently operating 2.36 million sq m of consolidated GLA, our management focus remains on elevating the value proposition of our urban centers and increasing our share of Tier A assets across the Andean regions to ensure long-term value generation. With that, I will now turn it over to Derek, who will walk us through the details of the quarterly results. Thank you very much. It has been a privilege to lead Mallplaza's financial team and work alongside our colleagues and investors. During the second quarter, financial and operational results were driven by commercial management, footfall, and occupancy rates in Tier A urban centers. We also continued our portfolio's renovation expansion projects. Turning to our operational performance on slide five, footfall across our urban centers reached 95.8 million visits, representing a 3.2% increase year-over-year. This footfall growth was supported by the value proposition of our tenant mix and the performance of specific assets. Mallplaza Premium Outlets Concepción and Mallplaza Iquique, both in Chile, grew by 24.1% and 16.1% respectively. Meanwhile, Mallplaza Bellavista in Peru and Mallplaza Buenavista in Colombia grew by 11.3% and 10.4% respectively. This traffic generated a 6.7% increase in tenant sales year-over-year, totaling CLP 1.69 trillion for the quarter. This result was supported by a 3.7% growth in same-store sales, reflecting performance across our portfolio in a more stabilized consumption environment than the previous quarter. At the asset level, top-performing urban centers included Mallplaza Premium Outlets Concepción, with a 26.9% increase in tenant sales, Mallplaza Antofagasta at 21.5%, and Mallplaza Toconce at 15.7%, reflecting healthy market dynamics across all three countries, with particularly strong performance in Colombia. Additionally, our consolidated same-store rent increased by 5.4% during the quarter, outperforming regional inflation, supporting our operating margins and revenue generation. We recorded these metrics while maintaining a consolidated occupancy rate of 95.6% as we advanced with our portfolio transformation and expansion projects. Furthermore, occupancy costs for our tenants remained at a healthy 9.6%. Moving to our financial performance on page six, net revenue for the second quarter totaled CLP 174.1 billion, an 8.7% increase year-over-year. Our average remaining duration of lease contracts is 7.1 years, with 57% of those contracts extending beyond five years. Furthermore, 93% of our rent is fixed. Commercial activity included 472 lease agreements negotiated during the quarter, a 9.3% increase compared to the first quarter, and the physical opening of more than 156 new stores, representing over 24,000 sq m of operational GLA. In the second quarter of 2026, total costs and expenses reached CLP 35.8 billion, representing an 8.8% increase compared to the same period in 2025, driven by higher employee benefits, allowances for doubtful accounts, and expenses in adjacent businesses. EBITDA for the quarter reached CLP 140.3 billion, increasing 9.6% year-over-year, closing the quarter with a reported EBITDA margin of 80.6%. This represents a 0.6 percentage point expansion compared to the 80% recorded in the second quarter of 2025, reflecting the operational performance of our assets. On page seven, net income attributable to the controlling interest, excluding fair value adjustments, reached CLP 78.6 billion, primarily influenced by an increased expense from inflation indexation units of 137.8% year-over-year due to the indexation of our UF-denominated debt liabilities. Adjusted FFO per share grew 8.8%, preserving our adjusted FFO margin. This performance was supported by operational execution and financial management, which enabled us to reduce financial expenses by 8.7%. Additionally, financial income rose by 110.3% due to a higher average balance of cash and equivalents and higher yields on investment funds. Regarding capital markets, Mallplaza recorded an increase in stock liquidity and valuation during the quarter. Our 180-day average daily trading volume reached $10.36 million, representing a 72.4% increase year-over-year. Furthermore, our market cap grew by 84.9% and ended the quarter at $9 billion. This trading activity was accompanied by our increased visibility in international indices, such as the MSCI Mid & Large Cap Index and the FTSE Large Cap Index. These developments contributed to expanding our investor base and stock liquidity, reflecting Mallplaza's presence among active and passive institutional investors. On page nine, we outline our financial position. We close the quarter with cash and equivalents of CLP 347.6 billion and a financial debt of CLP 1.63 trillion. Our net financial debt to EBITDA ratio stands at 2.4x with a loan-to-value ratio of 16%. Our debt maturity profile is long-term, with 95% of our maturities exceeding one year and 22% exceeding a term of 10 years or more. Furthermore, financial debt is denominated in the same currency as the cash flows associated with its repayment, with 79% denominated in USD. This structure is backed by our investment-grade ratings, Baa2 from Moody's, BBB from Fitch, and AA+ from Feller Rate and Humphreys. This financial position and credit ratings provide us with a framework to execute our growth plan. With that, I will hand it over to Pablo, who will guide you through our strategic roadmap. Thank you, Derek. This quarter was defined by our ability to execute our growth roadmap with the speed and impact, grounded in our conviction that Salir es Vivir. The guiding principle that positions Mallplaza as a true social catalyst in our communities. During this second quarter, we continued to advance initiatives that positively impact our visitors' daily lives. Our growth roadmap is structured around three main verticals, driving solid growth backed by our portfolio of dominant urban centers, continually transforming our value proposition to remain attractive to our clients, and leveraging the strength of our urban centers to generate adjacent business. Central to this strategy is the execution of our brownfield investment plan, which totals more than $600 million through 2028 to expand and transform over 1 million sq of GLA. The objective of this capital allocation is to elevate the value proposition of our urban centers, ensuring they adapt to evolving consumer needs while increasing our share of TRA assets to 70% of our portfolio. Regarding organic growth, our focus remains on executing this expansion pipeline. Currently, more than 50% of this commitment capital is allocated to strategic assets where construction has already begun, such as Mallplaza Trébol, Mallplaza Oeste, Mallplaza La Serena, Mallplaza Norte, Mallplaza Trujillo, and Mallplaza Piura. These new square meters will enhance our tenant mix, specifically incorporating categories such as food and beverage, entertainment, and specialty retail. This execution aims to strengthen the value proposition of each asset while improving the overall productivity of our portfolio. In terms of value creation, our current assets, we are making progress in the transformation of life services. These projects include renovating the food court and services at Mallplaza Oeste, along with retail and F&B transformation at Mallplaza Norte. Aligned with our focus on experiential offering, we enabled over 3,000 sq m dedicated strictly to entertainment this quarter, reinforcing community gathering as a key driver of footfall. Furthermore, at Mallplaza Los Dominicos, which is currently under transformation to enhance its value proposition, the center will welcome the first PriceSmart in Chile, a milestone highlighting the confidence top international brands have in our platform to drive traffic and generate value. At a regional level, we have introduced new dining options and terraces at Mallplaza Arequipa and Mallplaza Manizales, as well as new entertainment areas at Mallplaza Buenavista. Regarding our new business verticals, the premium outlet format continued to show positive results. During the quarter, Mallplaza Premium Outlets Concepción grew by 26.9% in tenant sales and 19.1% in net revenue. On page 14, we detail the performance of our adjacent business. Revenue from this vertical, primarily advertising and parking, grew by 23.7% over the last 12 months. During this same period, consolidated parking revenues reached CLP 72.9 billion, increasing its contribution to the total revenues from 5.6%- 10.8% over the last five years. This steady growth is driven by an ongoing rollout of our digital parking platform, Parkflow. Finally, on page 14, we outline our ESG progress and recent milestones. Mallplaza was honored with the ESG 2025 Award for excellence in environmental, social, and governance management. Additionally, we were named Chile's Most Valuable Mall Brand. In line with our social commitment, we launched a dedicated community initiative at Mallplaza Egaña, making it the first center in Chile certified as a senior-friendly environment. Diving into the transaction of Gran Plaza in Colombia, and as I mentioned at the beginning, this strategic acquisition incorporates eight high-quality assets, adding 180,000 sq m of GLA across five new growth markets. By expanding our performance from 5- 10 cities in Colombia with 13 consolidated assets, Mallplaza decisively scales it nearly doubles our national market share in Colombia from 4%-7%, establishes a market-leading position in Bogotá, and increases Colombia's weight in our portfolio from 12%-18% of GLA. Beyond immediate scale this asset brings clear avenues for future growth, including more than 15,000 sq m of potential brownfield expansion and space transformation. This will allow us to capture synergies, enhance our commercial value proposition, and increase overall productivity per square meter across our platform. With that, I will hand you back to Derek. Thank you, Pablo. Turning to the financial milestones of the transaction, the acquisition was agreed at an estimated firm value, EV, of COP 1.178 trillion, equivalent to approximately $376 million. With an equity value of COP 786 billion, equivalent to $251 million, representing a cap rate of 9.4%. The transaction structure considers a combination of cash and debt assumption, which preserves our balance sheet flexibility. In terms of execution, following the signing of the share purchase agreement on July 31st, we are finalizing due diligence this August while progressing with regulatory antitrust approval. We expect to finalize transaction closing during the fourth quarter of 2026. With that, I will turn the call back over to Pablo for his final remarks. Thank you, Derek. To conclude, Mallplaza closed the second quarter of 2026 demonstrating operational stability and financial discipline, achieving an EBITDA of CLP 140.3 billion, expanding by 9.6% year-over-year, while maintaining an EBITDA margin of 80.6%, all while actively executing our portfolio transformation. We continue to advance with the execution of our $600 million investment plan focused on strategic expansion and transformation that will elevate our urban centers and increase our share of Tier A assets. Furthermore, our transformational acquisition in Colombia marks a decisive milestone in our growth roadmap, enhancing our geographical diversification across the Andean region while reinforcing our financial flexibility and cash flow resilience. Throughout 2026, we will maintain our focus on growth, tenant mix transformation, regional integration, and operational efficiency. I want to thank our team for their dedication, our investors for their continued trust in our vision. Thank you. We will now start a Q&A session. To ask questions on audio, click on Raise Hand and state your name and company. You will then receive a request to activate your microphone. Please activate your microphone to ask questions. To ask questions in writing, just queue the question in the Q&A button. Please be aware that your company's name should be visible for your question to be taken. Our first question comes from Mario Simplicio from Morgan Stanley. Please go ahead. Hi. Good morning. Thank you, Mallplaza team, and congrats, Derek, on your new role. Thanks for the partnership in the last years, and welcome, Felipe. My question is on the Colombian transactions. I wanted to know what are your plans about maybe retrofitting some of the assets you're acquiring to better suit the Mallplaza value proposition? If you guys already have any CapEx expectations for these retrofits. If perhaps you can give more color on respective synergies identifying the transaction. Thank you. Thank you, Mario, for your question. First of all, we are really happy with this transaction. We are acquiring this platform, which was really well managed by a Pactia team. We have a very good occupation and a very good proposal that we are buying. We expect to have synergies also commercial and in expenses in the near term, as it happens with the portfolio we acquire in Peru, which we could improve the results of the assets. We have also worked to grow via brownfield, because we believe they have some proposition that we can improve as the value proposal. We can improve the value proposal of F&B entertainment and also specialty retail. We believe there is a lot of room to improve the tenant mix that we are acquiring. We expect this to have value. We have a very good coverage of acquisition. We expect to have value also in synergies, commercial and in expenses. Also we expect to have value growing our assets, mainly the assets we acquire in Bogota, which are the ones that we believe we can get more value in the future. That's very clear. Thank you. The next question comes from Jorel Guilloty from Goldman Sachs. Please go ahead. Can you hear me? Good morning. I had two quick questions. One is on same-store sales for Chile. If I see that figure for year to date, it was 3.3% versus 8.1% in 2025. We know that 2025 has a tailwind of Argentine tourists, which is not the case in 2026. As we go into second half of 2026, we should see softer comp. Generally speaking, I wanted to know, A, how are you seeing sales so far this quarter? B, how do you expect these same-store sales figures for the second half of the year if we should see an acceleration vis-à-vis what we've seen so far? The second question is on the Colombia portfolio, whose purchase you announced recently. You mentioned that you've negotiated to buy it at a 9.5% cap rate on an LTM NOI basis. You also mentioned that there's some synergies. What I want to understand is, when I look at this 9.4% cap rate, what are you thinking about possible uplift for this on incoming NOI yield? Do you see it rising? If so, by how much? Is that more driven by rent? Is that more driven by cost efficiencies? Those are my questions. Thank you. Hi, Jorel. Thank you for your question. Also just thanking Mario as well for the comment in the previous question as well. With regards, Jorel, to your question first, starting off in terms of same-store sales, I think it's also important to highlight here that when you look for Chile, I mean, specifically, even in the second quarter, we saw an uptake in footfall by 4.4%. Overall sales increased by 5.3%. Yes, same-store sales was 1.7%, which is lower than what we posted for the second quarter of last year. We are making some changes in the tenant mix as well and adjusting. That's what helps explain also this difference between the overall tenant sales that grew 5.3% versus the same-store sales of 1.7%. I think it's also important to highlight here that when you look at, in terms of what is the appetite or sort of the retailer confidence into opening stores, we were able to expand our occupancy rate by 0.9 percentage points year-over-year. Going from 95.2%- 96.1%. While maintaining an occupancy cost basically flat year on year, so about 10.3%. In the case of Chile, and tying into some of the strategy of the company of seeking how to maximize our value proposition for our clients, I think it's also relevant here to highlight what has been the premium outlet in Mallplaza Premium Outlets Concepción. As we detailed in the earnings release as well, the footfall for this particular asset, in the second quarter, increased by 24.1% with this new value proposition that we brought by converting this asset into a premium outlet concept. Sales for that particular asset increased by 26.9% and revenue 19.1%. This is an example of ways in which Mallplaza seeks to generate incremental value of the assets we have and enhancing the value proposition for our clients. With regards to your second question in terms of the acquisition in Colombia, as we announced, it was a 9.4% cap rate on a last 12 months basis. This acquisition is accretive on an entry cap rate level for the company. As Pablo will mention in the previous answer, it starts off with a good occupancy. We do see synergies for this asset, based on the scale that it will be able to generate for us in Colombia. We're going to move from having five assets in Colombia to a total of 13 assets. In terms of GLA, that is north of a 60% expansion, and we do not expect to increase the structure. There's no need to increase the structure in the same way. We do believe, and similar to what was the example and what we've been alluding to in previous conference calls and interactions with the market, when you look at what was done in Peru as an example, and all the transformation that has been done and is still on place, that we do see incremental value to be generated in Colombia as we add more F&B, entertainment, specialty retail as well. Just tying into that example in Peru, if you look over the last couple of quarters, the margin expansion that we were able to generate in that particular market, sort of post-acquisition and enhancing the scale. Also as an example of the transformation that is being made, rents per square meter in Peru increased by 10%. Tying into the Colombian acquisition, I think if you look at the fundamentals also for Colombia, they are quite solid. If you were to look in the second quarter, sales in Colombia increased by 14.6% in spite of an increase of 2.5 sales, we posted a 9% increase in Colombia, an EBITDA increase of 13.8%, and an occupancy expansion to 97.5%. We do see Colombia, I mean, performance tying in well in Colombia, and we're confident that this portfolio that will be integrated to this acquired portfolio will drive important synergies and turnaround opportunities. Thank you Derek for the answer, the partnership, and good luck to you in your next role. You're much welcome. Our next question comes from Marcelo Motta from JP Morgan. Please go ahead. Hi, everyone. Thanks for taking the question. Looking at our company leverage post this Colombia M&A, it remains relatively at a low level, let's say around three times net debt to EBITDA. The company still have room on the balance sheet to continue to grow, to continue to perform M&A. Now you have decent size in Colombia, Chile, Peru. Just trying to pick our brains on could you continue to expand in the same regions? Does it make sense to think that you still have room to grow through M&A? It has been very accretive, as you point out, with the Peru acquisition. Could it be a new geography, a new region? Just your thoughts, given that you still have room to continue to grow. Thank you. Thank you, Marcelo, for your question. We are very happy because we still have room. We are working in the Andean region to continue growing. We expect to continue having not also acquisition, but in terms of growing in our malls. We have also room for brownfield. We expect to continue having a transaction like we did in Colombia. We have a good market in the Andean region, and we expect to continue doing so. This transaction is very important for us in Colombia because this gives us leadership in Colombia in terms of EBITDA. What is important for us is to continue improving our portfolio. We still see room in the Andean region, and of course, We are starting different markets in the future, not for the short term, but for the long term. We believe different markets could be of interest to Plaza also. Perfect. Thank you, Pablo. Remembering to ask questions on audio, click on Raise Hand and state your name and company. For questions in writing, just fill the question in the Q&A button. This concludes the question and answer section. At this time, I would like to turn the floor back to Derek Tang for any closing remarks. Thank you all very much for connecting to the second quarter earnings call for Mallplaza. On me and personally, it's been a pleasure interacting with all our investor community and analyst community over these past couple years at Mallplaza. Just to highlight, I think some of the key points that we mentioned here throughout the call and the earnings release as well, in terms of the growth potential that we've been seeing, right? One, on the organic side, this is a company that we've been growing same-store rents over inflation. On top of this, when we look at the adjacent businesses opportunities, this grew by 26.7%. We mentioned about all the transformation that has been done, in the portfolio, be it in Chile and Peru and the uptake in terms of rent per sq m that this has generated. Going forward, in terms of new GLA and expansion plan, more than 200 sq m that will be added through our expansion plan in which we are not only adding new GLA, but transforming more than 1 million sq m of GLA. New uses such as Mallplaza Premium Outlets Concepción, which I highlighted through the call. Also, the acquisition in Colombia, which we do believe that not only it's an entry point and accretive acquisition, but will add incremental value for the company. As Pablo well mentioned, the Andean region as a whole is still a fragmented market. When you look in terms of markets in which we operate, have a 33% market share in Chile, 20% market share in Peru, and a 7% market share in Colombia with this transaction. Still leaving us room to further consolidate the market. Well, thank you very much. As always, if you have any further question, all the Mallplaza team is available. Thank you. Thank you. This does conclude today's presentation. You may disconnect now and have a nice day.