Good afternoon. Thank you for holding, and welcome to Grupo México second quarter 2021 earnings conference call. With us this afternoon are all of Grupo México's top executives, who will discuss the second quarter 2021 financial performance of the company, giving you a summary of the latest news, and address any questions you might have at the end of the call. Before we begin, I would like to remind you that information on today's conference may include forward-looking statements regarding the company's results and prospects, which are subject to risks and uncertainties. Actual results may differ materially, and the company cautions not to place undue reliance on these forward-looking statements. Grupo México undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. All results are expressed in full US GAAP. The presentation may be followed through our webcast. If you wish to ask a question during the Q&A session, you'll need to do so via the phone by pressing star one. A copy of the slides that the company will be reviewing today is available on the website at grupomexico.com. At this moment, I would like to remind everyone that your lines are in a listen-only mode until the question and answer session. We will now begin with Ms. Marlene Finny. Hi. Good morning, everybody, and thank you for joining us today for Grupo México's second quarter earnings conference call. We appreciate your time for being here with us. Here with me are all the top executives from our division, Mr. Isaac, Mr. Javier García Heredia, Mr. Óscar González Rocha, Mr. Oscar González Barrón, Mr. Leonardo, Mr. Zinser, and Mr. Mario Chávez. For today's call, we will follow a presentation that can be downloaded from our website or by accessing the webcast. I would like to start today's call by sending my best wishes to you all and hoping everybody is well and safe. On today's call, we will be following the program detailed on slide number three of the presentation. I will start with Grupo México's main highlights and ESG achievements, scorecard, and financial highlights for the quarter. Mr. Javier García Heredia will provide detailed information regarding our mining division, commenting on the industry's economic environment, the division's financials, and its highlights, followed by Mr. Isaac Franklin, who will dive deep into the financial results and main events of our transportation division. Mr. Francisco Zinser will comment on the relevant events that occurred during the quarter in our infrastructure division. The line will be open for the questions and answers that you might have. I want to start the call by highlighting that Grupo México's capital investments exceeded $22 billion over the last decade. A program that has allowed us to increase copper and moly production by 64%, regarding copper, and 47% regarding moly, respectively, along with a very good environment for metal prices during the year, have allowed us to achieve excellent results for the quarter. This has enabled us to continue being an agent of change in the communities that we operate, where we operate in driving job creations and economic growth. Let's jump right into our main ESG achievements on slide number five. We recently released our annual ESG report, which is aligned to GRI, SASB, and TCFD, showcasing our commitment to transparency. You can all go to our website, you can find there our ESG report. In the report, you'll find relevant information about our strategy, efforts, and results regarding ESG. I'll go through some examples right now. I invite you all to download the report from our website for more details that you might have or questions that you might have. During 2020, we invested 3.8% of our net income in community and philanthropy projects supporting the UN's sustainable development goals. We also managed to adapt a new community development model and online education program, serving many students in Mexico, Peru. We are able to reduce employee injuries rate by 44% in the mining division, 30% in the transportation division, and 25% in our infrastructure division. Our gas emissions during 2020 were reduced by 8% versus 2019, while volume and sales remained stable. Roughly 20% of our consumed electricity was provided from renewable sources, a share that will be improved once our Fenicias Wind Farm kicks in. We have set a goal to reach 25% of our consumed electricity from renewable resources in 2022, and we're clear on our way to accomplish this. In the next slide number six, our scorecard for the quarter shows astonishing results as we achieved accumulated sales netting $7.35 billion, an increase of over 51% versus the first semester of 2020, driven by higher metal prices. Our EBITDA totaled $4.56 billion during the first six months of 2021, an increase of over 113% versus the same period of our last year, setting our EBITDA margin at 62%. An increase of over 1,800 basis points versus the same period of 2020. Our accumulated operating income netted $3.78 billion, an increase of 159% versus the first semester of 2020. Our board, as always, committed to transfer value to our shareholders, approved a cash dividend of MXN 1.75 per share, a 17% increase versus last quarter, reinforcing our strong dividend program, which translates into a 7.4% dividend yield. I think we're among the highest dividend yield on a Mexican company. This is really good news. Aligned with our estimates, copper production for the first six months of the year totaled 541,000 tons, a 3.1% decrease versus the first semester of 2020. I would like to highlight our achievement improvement in cash cost of 6.9% versus the same period of last year, with an accumulated net` cash cost of $0.82 per pound, continuing to be the leader in the industry. Moving forward to slide number. There in slide number seven, you can find a summary of our financials, which is there for you to have in hand in case you need it, as in the presentation, and reflects what we just mentioned. Going to slide number eight, you can see that Grupo México maintains a strong balance sheet with low leverage and a net debt-to-EBITDA ratio of 0.5 for the time. As you might already know, our debt is mainly issued in US dollars, representing 81% of the total debt, while the remainder is denominated in Mexican pesos. On the slide, you can also see the dividends paid and implied dividend yield from 2019 to 2021, including the now MXN 1.75 cash dividend for the quarter approved by our board. As you can see, we have a solid track record, and these dividends have been increasing as we increase our cash flow generation with higher copper prices as they pick up in volume from our transportation division. This will continue to be the case while we generate these levels of cash flow going forward. Into slide number nine, then going into our debt maturity [uncertain]. We have a comfortable maturity schedule with no significant payments until 2035. A cash flow generation of around $1,800 million will be required to throw $5.6 billion so far. We also saw a 17% reduction of net debt versus last quarter as we continued to pay our debt service in a timely manner. Now, I will let Mr. Javier García Heredia comment on the division's performance. Thank you, Marlene. Good afternoon, everyone. Thank you again for joining us today. My best wishes for you and your families, hoping you continue to be well. Let me start with the mining division's operating and financial highlights on slide 11. As Marlene previously mentioned, we saw an expected reduction in copper production, a reduction of 5.5% versus the second quarter of 2020, totaling 269,837 tons. This decline was due to lower ore grades in our Peruvian and Mexican operations as a result of postponed stripping and maintenance work during the pandemic. Meanwhile, ASARCO keep on site, percent increase in operations helped mitigating this effect. Besides the decline in production, higher copper and byproduct prices boosted our sales during the quarter, ending the period with $3.2 billion and over $6 billion for the first six months, a 71.1% increase when compared to the same period of last year and 63.98% increase versus 2022 on a cumulative basis. At $0.06, forcing our position of cost leader in the industry worldwide and continue the downward trend of our net cash cost, this time supported by higher byproduct grades. Higher metal prices and our cost efficiency focus let us achieve an outstanding 152.5% increase in EBITDA when compared to the same period of last year and setting our EBITDA margin for the quarter at 63.7%. The mining division CapEx for the quarter was $228 million and a total of $467 million for the first six months of the year, as we continue to invest in our projects. I would like to continue talking about our projects and the progress in slide number 12. In Pilares, the construction of the road for mining trucks between the Pilares pit and the primary crushing plants in La Caridad is already completed, with 47% of the investment already deployed by the end of the second quarter. On our Buena Vista Sur project, which is expected to be operational by 2023, the basic engineering is complete, and we have a 94% completion rate in the detailed engineering plan. It is important to mention that additional preventive COVID-19 protocols have been implemented to further advance the project. Finally, the results in the lithium plants confirm that there are suitable copper recovery levels in Espinar, and we will continue to develop the basic engineering. On slide 13, you can see all our upcoming projects and their impact to production as we continue our journey to reach two million tons of copper produced per year. I would like to stop here to dive a bit deeper on our Michiquillay project in Peru. Michiquillay, which is expected to be operational by 2028, will produce 225,000 tons of copper per year, along with byproducts of moly, gold, and silver at a competitive cash cost. Back in 2018, the contract for the acquisition of the project was signed, and an annual initial payment of $12.5 million was made. Up to date, $12.5 million have been made annual, allowing us to continue with the development of the project. Along these payments, we have had important progress in conversations with communities in Michiquillay and La Encañada to reach a social agreement. Moreover, inquiries from the main authorities for the semi-detail environmental impact study have been addressed. Plus, we expect it to be approved soon. All this considered, the company is at a good standpoint to initiate the exploration program of the project. Before concluding the mining division highlights, I would like to share with you a couple of quick remarks on the current copper market. The LME copper price increased from an average of $2.42 per pound in the two quarters to $4.40 seen during the [perfect] 21, an 8.8% increase. As of today, we are seeing prices at about $4.30, just above the year-to-date price of $4.15 per pound, promising a positive outlook for the company in the market. Some of the factors influencing the markets are the strong demand in the U.S. and Europe, particularly in terms of capital consumption. The relatively low levels of combining inventories of the LME, COMEX, Shanghai, and bonded warehouses, particularly given the number of days of consumption considered. The uncertainty regarding future production from Chile and Peru, which together represents about 40% of the world supply. Peru with 12% and Chile 28%. Copper market intelligence houses are expecting a market deficit of about 250,000 tons this year due to a recovery in demand, which should grow between 2%-3.5%. If you happen to have any follow-up questions, we will be pleased to address them during the Q&A session. I would like to close by reinforcing our huge support in the communities where we operate and our collaborators. Now, I will let Isaac Franklin comment on our transportation division. Thank you. Thank you, Javier, and good morning, everyone. Thanks again for joining us. Continuing with the Transportation Division on slide 15, I would like to talk about our financial highlights for the second quarter of the year. First, I'm proud to announce that both segments show positive variation in revenue, car loads, and ton kilometer. Our sales, which totaled $ 644 million within second quarter 2021, continue to increase quarter-over-quarter, 8.6% versus first quarter 2021, and a 35.9% increase versus second quarter 2020. This quarterly increase was mainly driven by the automotive, metals, intermodal, mineral, and energy segments. On a cumulative basis, sales are up 14.6% versus 2020. Following the growth trend, our volume and load increased 17% and 24% respectively versus the same period of last year, and 9.4% and 10.6% on a cumulative basis. This quarter's surge was led by our agricultural segment, which increased 770 million net ton kilometer. Along these lines, our EBITDA totaled $293 million, a 52.3% increase versus second quarter 2020, and resulted in an EBITDA margin expansion of over 490 basis points. While our net income, which totaled $102 million, increased 113.4%. As we move forward to slide 16, you can see our main highlights for the quarter, which results in Mexican pesos. Volume has returned to pre-COVID levels in all our business units, leading to record revenue, EBITDA, and net income. Revenue saw an increase of 17% versus the same quarter last year, driven by market share volume gain, and our EBITDA increased 31.3%, netting $ 5,875 million. Last but not least, our board approved a cash dividend of $ 0.35 per share. Continuing with the main variation of our revenue on slide 17, as I previously mentioned, all of our segments saw revenue growth during the quarter, with the automotive segment as our top performer, showing a 221% increase due to last year's plant shutdowns and partially offset by the worldwide microchip shortage. Following the automotive segment, we have metals and intermodal segments with 39% and 36% increase respectively. Both segments mostly driven by market share gains and a recovery in consumption levels. Along this top performance, we also saw high revenue growth in the minerals, energy, cement, and industrial segments, where market share gains and economic recovery drove the double-digit growth. With medium revenue growth, we saw the agricultural and chemical segment. On slide 18, we show our operating metrics of the second quarter in 2019. We can see that most of our indicators show overall progress since then, thanks to our efforts to optimize our service master plan. Our average train speed was above of 36 km per hour, a 6.3% decrease versus second quarter 2020. We also have a setback in dwell times, mainly due to weather conditions in Mexico. As a result, this complication translated in a decrease in car velocity of 7%. Having said that, we have great results on train length. Average train length improved 10.3% versus the same quarter of last year. We are now running trains over 1.9 km long in our network. Gross tons per train saw an increase of 6.1%. As for crew traps, we suffered an increase of 11.3% from the same quarter of last year, we continue to have relevant 6.6% improvement when compared to the same quarter of 2019. Our investment plan for 2021, shown on slide 19, shows a revised total of $373 million, of which $246 million will be allocated to maintenance, including new rails and ties, locomotive overhauls, and rail maintenance.$ 72 million will be allocated to growth projects, improving our capacity to seize opportunities in the markets we serve, and $54 million for the efficiency programs, including LNG locomotive conversion and Trip Optimizer. This concludes our general overview of the Transportation division. I will now let Francisco Zinser comment on the Infrastructure division. Thank you very much, Isaac. Good morning, everyone. I'll start by going through the financial highlights of the Infrastructure Division shown on slide 21. Year-to-date revenues total $272 million, a 3.6% increase compared to 2020, despite the complicated and ongoing circumstances caused by the pandemic. It's important to mention that the energy business unit was the main driver of this increase, demonstrating the capacity of its business model. Our EBITDA totaled $58 million for the quarter and $117 million on a cumulative basis, which translates into an 8.6% decrease versus the second quarter of 2020 and an 18% reduction when comparing the first semesters of 2020 and 2021. The EBITDA margin for the quarter was 46.4%. Our net income totaled $815,000 during the quarter, showing net positive results for the second quarter in a row. As we continue on slide 22, I will go through the most relevant events of the division and a brief project update. In our Energy Business Unit, sales totaled $66 million, an increase of 20.6% when compared to the same quarter of last year. This increase was mainly driven by an increase in the price of the gas molecule. Our Highway Business Unit saw a 13% recovery in daily traffic when compared to the same period of last year. This was due to the easing of mobility restrictions that were imposed last year because of the pandemic. As a result of this, second quarter 2021 sales totaled $10 million, while EBITDA net $6.5 million. An increase of 73% and 74.2% respectively year-over-year. The Highway Division ended the quarter with an EBITDA margin of almost 64%. In our drilling business unit, we finished with an efficiency of 99.3%, $72 million in revenues, and $31.5 million in EBITDA, a decrease versus last year of 26% and 35% respectively, mainly driven by tariff reduction from Pemex across all platforms in the industry. As for our construction business unit, we reached $30 million in revenues and $8 million in EBITDA, decreasing 14% and 26% respectively versus last year. As the execution of projects has been moved forward, but backlog remains robust and we expect a strong second half for 2021. Finally, the divisions project main updates are: First in our Fenicias Wind Farm, located in Nuevo León, we reached a 99% completion rate with all 42 turbines already commissioned and generating test power. We are planning to go live during this third quarter of 2021. Additionally, the consortium led by Grupo México Infraestructura and Acciona, in charge of the executive project of the Section 5 south of the Tren Maya and the construction of itself, which runs between Playa del Carmen and Tulum, has concluded the preliminary topography studies and reached a 58% completion rate on the geotechnical studies. Construction already began late in June, 105 days ahead of schedule, with the placement and foundations of footings on the critical construction route. Now, I will let Marlene proceed with her closing remarks. Thank you. Thank you, Javier, Isacc, and Francisco, and everybody for joining here, for all your questions. Before closing, I would like to thank everybody again for your time and attention, and reiterate our commitment with everybody in the communities as we continue to navigate through a difficult time. Now, we will open the line for the Q&A. As a reminder, to ask a question, you'll need to press star one on your telephone. To withdraw your question, please press the pound key. Stand by while we compile the Q&A roster. Again, that's star one to ask your question. Our first question comes from the line of Carlos de Alba with Morgan Stanley. Your line is open. Hello, good morning, everyone. The first question, as always, if you could maybe share the cash cost before byproducts of ASARCO for the quarter and your expectation for the year, that would be appreciated. The second question has to do with any potential implications that you see or may see on your field distribution business from the recent changes or proposed changes in the fuel import legislation or policy in Mexico. Thank you. Thank you, Carlos. Thank you for your question. Regarding ASARCO, the before byproduct, the net cash cost, it was for the first semester or second quarter? Pardon. Second quarter, please. Okay, sure. For the second quarter, it was $ 205, and then after byproduct, $ 192. The idea, and then if somebody wants to add, is to continue being very profitable and trying to reduce our cash costs as we move in ASARCO and continue to have this type of cash flow going forward. Hi, Carlos, this is Francisco. Regarding your second question about the fuel storage terminal. We've been closely monitoring the recent events that have been happening in Mexico and evaluating if there is an impact to our projects. We continue to advance in engineering and in the different stages that we planned. We are, of course, very looking to these signals to see if there is any modification that we need to make. We still believe that the country needs these fuels, and this infrastructure is very much needed across different states in Mexico. We also, of course, have to be very alert to how these changes could impact us. That's what we have to say so far. Thank you, Francisco. Marlene, if I may, Francisco, just a follow-up. If the circumstances change and the business model, as you currently have it, is no longer viable, what would be the option there? It would be to sell it to Pemex? The business to Pemex, or what are the options? We have been very prudent in our capital expenditure so far, spending only the money that we need until we have all the relevant permits and approvals. That's something that we will need to evaluate. Valero, which is our main partner, as you know, is the main importer of fuels in Mexico, and we have a very strong logistics with the Infrastructure and Transportation Division. We believe that we have a lot of value to add. Of course, we need to be ready to see what are the rules and how we play them. It's important to say that our exposure so far to the business unit has been limited by our prudence in capital expenditures. All right. Yeah. Thank you very much. You're welcome. Thank you. Our next question comes from Isabella Vasconcelos with Bradesco BBI. Your line is open. Thank you. Good morning, everyone. Can you hear me well? Yes, we can hear you, Isabella. Okay, great. Thanks, Marlene. I have a couple questions. Basically, how you're thinking about capital allocation ahead. Should we see higher dividends or even buybacks specifically on growth for the division? I know it's been very healthy for our analyzing further growth or even M&A. These are my questions. Thanks. As you know, we have a division independently, are now accountable for their own growth. We've seen, as we mentioned before, the project and Mining Division. We also keep an eye open to any M&A opportunities. With the recent copper prices, I think we're well covered on that front. Transportation Division, as well, is accountable for their own growth. Recently, we did an emission in Mexican Peso. It's account for Satellites. As well, and the Infrastructure Division as well, with project finance in certain projects or whatever makes more sense depending on the different business units. That's how we do. In terms of capitalization, we feel very comfortable with these levels of debt. We know we're generating more, with more cash flow, that's why you can see our increase in the dividends and dividend yield as well. We always keep an eye open and consider buybacks if it makes sense. That's something that we have on our table constantly and looking at it constantly. For now, we just thought increasing the dividend so the shareholders can have the value of this straightforward for them. I don't know if that answers your questions. I will let Mr. Isaac answer the transportation division question. If you have any further questions regarding capitalization, please let me know, because I don't know if I was clear enough. Thank you, Marlene Finny. No, I think it was very clear. Okay, perfect. Thank you, Marlene Finny. On the transportation side, we see a very strong market for the second half. Besides the recovery from the pandemic and the growth in volumes that we are seeing, and we're doing, is a very high conversion from truck to rail. That's why we expect a very strong market for the second half and so on. Thank you. Thank you both. As a reminder, ladies and gentlemen, to ask a question, you'll need to press star one. Our next question comes from Alfonso Salazar with Scotiabank. Your line is open. Thank you. I have two questions. The first one is related to the mining division. Many years ago, you have a project to increase capacity at the Ray Mine in ASARCO. I don't know if this is something that you are considering once again with the high copper price that we see or any expansion at ASARCO that could be implemented. The second is also related to that. If there is a plan B for expansion of the mining division in case that, for any reason, the projects that you have in the pipeline take longer or there's some delays or cannot be possible to complete them, what is the plan B for expansion of the mining division? Are you thinking about M&A? Are you considering other jurisdictions, going to some other places? I remember that you had some exploration in Chile. Anything that you can tell us about growth beyond the projects that you have would be very helpful. Thank you. Thank you. Good morning, Alfonso. Regarding ASARCO's potential growth, we've been exploring since last year a couple of alternatives. As you may know, on the mining side, it takes us some time. We have conducted and began a preliminary exploration study, and we're following a critical step. Once we have something substantial, we will let the market know. For now, we are still evaluating the situation with ASARCO. I think regarding the plan B for growth in Mining Division, I would let Mr. Javier García Heredia comment. We still have projects in line coming in, like Guanacevi, Pilares. Then, as you can see, we have medium-term projects as well, El Arco, Islay, and Tía María. We have a strong pipeline. I think we're one of the companies that has, or if not the company that has the strongest pipeline in terms of projects. You know that we always keep an eye and we look at M&A opportunities if it makes sense, if that fits with our current portfolio of class 1one assets in countries or locations where we feel comfortable. That's something that I started many years ago, and we continue to do that and to look into opportunities. We still have a very strong pipeline. I invite Mr. Javier Garcia to add anything that would be by this slide. Thank you, Alfonso. First of all, I would like to refer to El Arco. El Arco is one of the world's copper deposits. We are working right now on the study of environmental impact assessment, within the baseline. We are also finishing the studies for interconnecting the Sonora and Baja California for electricity to El Arco. We almost finished with the acquisition of land for the port and also for the new warehouse and workers and employees to perform. The second project that is quite important for us is in Spain, with Aznalcóllar. In Aznalcóllar, we are still waiting for the final license for construction. We hope to get it by the second half of the year. We have good projects. For example, in Ecuador, we have spent almost $50 million in exploration for copper, and soon it is a big open pit copper deposit. We are also continue working in Chile with some exploration projects in the northern part that we started a few years ago, and we are almost ready to confine a possible new project for the exploration of leaching. In Argentina, we have some projects for copper, but mostly for gold and silver in the Río Negro area. This is mainly the projects. Of course, in Peru, we continue with some exploration projects, as well as in Mexico. That's all. We're continuing to exploration as Javier was saying. Thank you for that, Javier. I have another question now regarding the Grupo México Transportes. In the conference call, you mentioned that security expenses were declining, and that's good to hear. At the same time, in the press, we read about that some organized crime are fighting for controlling the Manzanillo port. Just want to know if you have any problems or this has been affecting operations somehow at Ferromex. No. As we mentioned in the conference, our security has improved due to our own strategies and the support from the federal government, from the Marine, the SEMARNAT, and the state and local police. We haven't seen anything affecting our traffic for Manzanillo. As you can see, our intermodal segment has been growing, and Manzanillo is one of the main drivers. We're confident that with all the things that we've been doing, we can continue to grow as we expect. Thank you for that. The final one regarding the changes in customs, the control of customs. Is that something that you can mention about how things are, if they can impact on the operations, anything for how that is impacting the fact that now it's controlled by SEMARNAT and Secretaría de Marina? The thing is, well, as you know, we have to wait on the new customs agency is set up. They're more focused on deeper revisions and all that, but at some point it might affect you in the very beginning, but the backlog keeps there, and we'll be moving forward. We really don't expect much change regarding the traffic and everything. Fair enough. Thank you very much for the answers. Thank you. Our next question comes from Jean Baptiste Bruny with BBVA. Your line is open. Hi there. Thanks for taking my question. Just a quick one for Isaac maybe. Hi, Isaac. Just to know if you're just maintaining your guidance in term of growth in volume this year between 5%-7%. If you can update us on the savings you were thinking from the PSR. You were estimating between MXN2.1 - 2.6 billion. Just to know where you stand now and if the number remain the same. Thanks. Well, the guidance and the outlook, as we mentioned in our conference, is still about growing 10% in volume, and we're expecting between 6% and 8% in revenue. Regarding the-- Which was the second question? Savings. The savings on the PSR, we're continuing our programs. As we mentioned, our train length increased 10.3% from second quarter last year. Our gross ton per train increased 6.1%. We're moving forward towards that. We're expecting to keep growing and putting more fuel efficiency. Regarding fuel efficiency, also our Trip Optimizer is now working on all the locomotives. PSR. Yes, and our LNG conversion. That will decrease our cost and improve our efficiency. Perfect. Thank you, Isaac. Thank you. This concludes our Q&A portion. I'd like to hand the conference back over to Ms. Marlene Finny for closing comments. Thank you very much. Thank you for your questions. In case you have any further questions or keeping touch, please let us know. Thank you for joining us and your time. Have a good day. Ladies and gentlemen, thank you for your participation. You may now disconnect. Everyone have a wonderful day.