Good afternoon, and thank you for holding. Welcome to Grupo México's First Quarter 2022 Earnings Conference Call. With us this afternoon are all of Grupo México's top executives, who will discuss the first quarter 2022 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 discussed on today's call 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 U.S. GAAP. The presentation may be followed through our webcast, but if you wish to ask a question during the Q&A session, you need to do so via phone call by pressing star one. A copy of the slides that the company will be reviewing today is available on the website at www.gmexico.com. At this moment, I would like to remind everyone that your lines must be in listen-only mode until the question and answer session. Now, we will begin with Ms. Marlene de la Torre. Thank you so much, Carmen. Good afternoon, everybody, and thank you for joining us today for Grupo México's First Quarter Earnings Conference Call. With me today are the top executives from our three main divisions. During our call, as Carmen was mentioning, we will be following a presentation that can be downloaded from our website or followed via accessing the webcast that we sent in our press release. Today's call, we'll be following the program that you can find on slide number three. I will start with Grupo México's main highlights by going through our main ESG achievements, our scorecard, and our financial highlights for the quarter. Then Mr. Leonardo Contreras will provide detailed information regarding our mining division, commenting on the industry's economic environment and the division's financial highlights and project updates. He will then be followed by Mr. Genaro Guerrero, who will go through the transportation division's financial and operational highlights. Finally, Mr. Ricardo Arce Castellanos will comment on the financial highlights and relevant events that occurred during the quarter in our infrastructure division. At the end, the line will be open for Q&A. Before starting with our results, I want to highlight that as a result of our intensive capital investment program throughout the last 20 years, we are positioned to take advantage of the metal high price cycle, and we have been able to grow during the past years now. As you know, we are gonna start with our main ESG highlights on slide number five. If you heard Southern Copper Corporation's conference call earlier today, maybe you already know something that we're gonna mention, but I'm gonna go through that because it's very important for us. Over the past three years, we have shown continuous improvement in our sustainability indicators. We have improved our ESG focus and performance. We have been able to reduce the accident rate by 16%, increase water recirculation by almost 5%, and triple the population served through our community program while we continue to strengthen the mechanism to listen and address concerns. During 2021, we achieved a two-level improvement in the Carbon Disclosure Project's climate assessment. We were able to go from C to B level, positioning the company above the sector's and region's average. Continuing with the good news, our Santa Barbara and San Martín mines obtained their ISO 45001 certification, while La Caridad and our lime plant in Sonora obtained the ISO 14001 certification. In addition, El Doctor Vagón, The Health Train, which has visited 23 states and traveled about 88,000 kilometers with a team of 64 health professionals who live and work in the train, visited Ciudad Juárez for the very first time. El Doctor Vagón, which is a health train, has treated nearly 400,000 patients and provided more than 1.5 million free medical care services during the past eight years. We continue reassuring with this very significant effort. Now moving to slide number 6, you can see our scorecard, which portrays overall progress during the first quarter of 2022, this year. Despite a 10% copper production decrease that we will go into details afterwards, but mainly because of Peru, the favorable copper and by-product prices, along with GMXT operational improvements and increased capacity allow us to record almost $3.8 billion in sales during the quarter, almost 10% increase when compared to the same quarter of last year. Along with our sales increase, our EBITDA totaled $2.2 billion during the quarter, a 3.1% increase versus 2021. Setting our EBITDA margin at 68.6%. This is a 670 basis point reduction versus the first quarter, mainly affected by some reductions in our mining division. The operating income was $1.9 billion, almost 10% increase versus the same period. We would like to mention as well that the board approved a MXN 1.560 dividend per share, which translates into an approximate dividend yield of 6.6%. This is very high when compared to other companies. You can see that we have that in the next slide, but here as well, we would like to highlight the net cash cost, which averaged $0.81 per pound of copper, an improvement of almost 9% when compared to the first quarter of 2021, reaffirming our spot as the industry leader in terms of cash cost. If you move to slide number seven, you can find a brief summary of our financial highlights for the quarter of 2021 and 2022. You can see the different numbers in case you need it at any point during the presentation. As you can see in slide number eight, Grupo México continues to have a solid balance sheet, with low leverage and a net debt to EBITDA ratio of 0.3x. Our debt is mainly issued in U.S. dollars, representing 80% of our total debt, while the rest is denominated in Mexican pesos. What we normally try to do, as you know, is we try to match our, in the mining division, we have all of our revenues in dollars, so that's why we have our debt in dollars. We try to have like a natural hedge there when talking about debt. In this slide, you can also see the dividend paid from 2020 to 2022 in their respective annual and quarterly implied dividend yield. As for our debt maturity profile, which is in slide number nine, we continue to have a comfortable maturity schedule with no payments of over $1 billion until 2035. Our cash flow shows a significant increase of 30% year-over-year, totaling $6.3 billion at the end of the quarter. I will now pass the call to Mr. Leonardo Contreras, who will comment on our mining division's performance. Thank you, Marlene. Good afternoon, everyone, and thanks again for joining us. I will start with a couple of quick remarks on the current copper market. During the first quarter of 2022, the LME copper price increased from an average of $3.85 per pound in the first quarter of 2021 to $4.53, an increase of 17.7%. Currently, we're seeing prices in the range of $4.45 per pound, remaining higher than the 2021 average of $4.73, promising a positive outlook for the company. Some of the factors that we believe are influencing the market are the most relevant market intelligence houses for the copper market are expecting a market deficit for 2022 of around 100,000 tons. This deficit assumes growth in demand of about 2%-2.5% in 2022, particularly in terms of capital consumptions in the United States. We're foreseeing an economic slowdown by China, basically due to recent COVID-19 outbreaks in the last quarter. We're also foreseeing uncertainty regarding future production growth in Chile and Peru, which together represent around 40% of the global supply. Meanwhile, Chile in the first quarter registered a production drop of 7% versus last year. Lastly, Russia's copper supply of about 400,000 tons per year has been shut out of the market due to the invasion of Ukraine. Now, let's move forward to the mining division's operating and financial highlights on slide 11. As Marlene mentioned, we saw a decrease in production of 9.9% when compared to the same quarter of 2021, totaling 244,378 tons. Our production level was mainly impacted by the stoppages of our production in Cuajone, caused by externalities that were beyond the company's control, which resulted in a 23% reduction in our Peruvian operations. Let me dive a little bit deeper on the Cuajone incident. On February 28, 2022, a minority group of protesters from the community of Tumilaca, Pocata, Coscore and Talas, with a total of 472 members, seized the facilities of the Viña Blanca water reservoir and cut off the water supply to the homes of approximately 5,000 people that live in Cuajone. Prior to this illegal action, on February 18, the railway between Cuajone and Ilo was also blocked by a group of community members. After several unsuccessful attempts by the authorities to restore order through dialogue, on April 20, 2022, the Peruvian government declared a state of emergency in the Moquegua region. On April 21, 2022, the protesters returned the installations of the Viña Blanca water reservoir and the railway to the company. Southern Copper's personnel immediately evaluated the damage caused to the facility by acts of vandalism and took the necessary steps to resume production at the Cuajone mining unit. As of today, the industrial railroad and the Cuajone mine concentrator and related facilities are operating at full capacity. On April thirtieth, the Peruvian government issued a ministerial resolution to set up a three-party roundtable for dialogue with members of the community, government, and company officials to better understand all parties' concerns. Despite this unfortunate event, a favorable copper and by-product price environment helped us achieve sales of over $3 billion during the quarter, a 9.8% increase when compared to the same period last year. Our EBITDA increased over 2.2% year-over-year, nearing $1.85 billion, which translates to a 60.1% EBITDA margin. The division's net income totaled $828 million during the first quarter of 2022. We continue to be the cost leader in the industry worldwide, as we achieved an improvement of 8.6% in cash cost net of by-products, from $0.88 during the first quarter of 2021 to $0.81 during this year's first quarter. The mining division's CapEx totaled $233 million during the first quarter of the year. As we move forward to slides 12 and 13, we would like to share some updates on our projects and highlights. Let's first talk about our short-term projects. In Pilares, which is expected to be operational by the fourth quarter of 2022, we have already deployed 50% of the investment, and the project has obtained all permits and licenses required. In regards to our Buenavista Zinc project, the engineering study has been completed. The procurement has a 99% progress, and construction site works are in progress with all necessary permits. As for El Pilar, the results from the experimental leaching tests confirm suitable levels of copper recovery. The basic engineering has already been completed, and we continue developing site environmental studies. Now, continuing with our long-term projects, I would like to talk about Los Chancas, Michiquillay, and El Arco. In Los Chancas, we continued to engage in social and environmental improvements for local communities during the quarter, and worked in the environmental impact assessment of our 130,000 tons per annum open pit mine project. Last year marked a positive year for the Michiquillay project, and we were able to sign a social agreement with the Michiquillay and Encañada communities, providing an opportunity to improve the residents' life quality through strong social programs, all supported by a solid framework at the project level. All of this, along with the Ministry of Energy and Mines of Peru's approval of the semi-detailed environmental impact study back in October of 2021, are important steps that will allow the company to initiate an in-depth exploration program during the second quarter of 2022. When operational, Michiquillay will become one of Peru's largest copper mines. Finally, as for El Arco, our project located in Baja California, Mexico, we have completed the baseline study and are reviewing the basic engineering analysis to request the environmental impact permit. In slide 14, you can see more detail on our robust pipeline of upcoming projects and their impact to production as we continue our journey to reach 2 million tons of copper produced per year. That would be all from the mining division highlights. If you happen to have follow-up questions, we will be pleased to address them during the Q&A session. Now, I will let Genaro comment on the transportation division. Thank you, Leonardo, and good afternoon, everyone. I will start on the slide 16 with the transportation division's financial highlights for the quarter. I'm pleased to announce that our continuous investment plan has allowed us to increase capacity and improve our operational efficiency, propelling our sales 8.6% higher year-over-year to $644 million. The EBITDA has a significant improvement of 12.7% versus the first quarter 2021, ending the quarter in $297 million, a 46.1% EBITDA margin. 1,700 basis points improvement versus the same quarter of last year. The net income is $98 million for the quarter, 22% increase versus first quarter 2021. The transported volume slightly decreased by 3.3% in net ton-kilometers and only 0.2% in car loads due to a contraction in the capacity of the railways with which we connected at the northern border of the country, which impacts the agricultural, automotive, and intermodal segments. Despite such capacity contraction, the fluidity in our operations remained at a normal level. The total number of cars hauled during the first quarter of 2022 was 465,000 cars. Moving forward to the slide 17, you can see our main overall highlights. Volumes are higher in the majority of our segments. This quarter's revenue and EBITDA set a new financial record, with revenue increasing 9.6% in Mexican pesos, driven by market share gains and the EBITDA increasing 13.5%, a total of MXN 6,109 million. Committed to generate value to our shareholders, our board approved $0.50 per share dividend in line with the last quarter dividend. Continuing with the main variation on our revenues for the quarter on slide 18, almost all of our segments had revenue growth during the first quarter of 2022, except automotive segment with a 6% decrease due mainly to the global microchip shortage, which continued to impact manufacturers worldwide. This quarter top performance was the industrial segment, with an increase of 33% due to a market share gains along a recovery of new rail car export volume. The other segment which double-digit revenue growth were metals, where the revenue increase was due to an increased market share of Mexican imports and volume of raw materials and finished products. Energy were fuel oil, LPG, and coal traffic increased. Cement, due to the increased Mexican imports and U.S. domestic volume increased driven by the recovery of U.S. construction industry. Chemicals due to reactivated iron ore traffic along with operating efficiency. With medium growth showing single increases, we have the mineral segment increasing 8% due to reactivated iron ore traffic and operative efficiencies. The agricultural segment with a more favorable revenue mix. Intermodal with an increase of 3%. In slide 19, the operating metrics remain constant. Our average train speed decreased 1.3% during this quarter. However, the car velocity increased 5.7% compared to the previous year. The full power utilization improved by 0.5%, and train length remained at levels similar to first quarter 2021. Moreover, as a result of the efficient operations on the network, the number of crew starts decreased 2.2%. The expected CapEx for 2022 on slide 20 is $547 million, where $291 million will be invested in maintenance projects. $116 million for growth projects, such as our intermodal terminal to increase capacity around the ports and the Monterrey and Celaya bypasses. $140 million in efficiency programs, including LNG locomotives conversion plan and the Coatzacoalcos to Medias Aguas double track. With this, I'm concluded transportation division overview, and I will now let Ricardo Arce comment on the infrastructure division. Thanks. Thank you very much, Genaro, and good afternoon to everyone. I will continue today's call by going through the financial highlights of the infrastructure division, which are shown in slide 22. The division's solid performance has allowed us to generate value and grow through our different business units. Our quality revenues amounted $146 million, a slight 1% decrease when compared to the same quarter of last year, mainly due to lower production of our construction company and lower energy revenues as a result of lower gas prices versus last year. Despite this revenue decrease, our EBITDA amounted $64 million, almost 7% higher when compared with the first quarter of 2021. This increase was mainly driven by an improved production performance of our wind farm in El Retiro, also by a recovery of the revenues of our toll roads after the pandemic, and because of better results of our engineering firm. Our EBITDA margin for the first quarter of 2022 was 43.7%, while our net income amounted to $12 million. Before finishing my intervention, I will briefly talk about some of the most relevant events of the division during this quarter. First, Ferrocarril Mexicano, Ferromex, had in this quarter uninterrupted operations in all of its routes. The operation during the quarter had an efficiency of almost 100%, 99.9% to be precise, and reached an EBITDA of $18 million, a 2% increase versus the first quarter of 2021. Second, regarding Fenicias, our 168 MW renewable energy project located in Nuevo León, its construction has been completed 100%, and it has concluded its testing stage. This wind farm will supply electricity to our mining and metallurgical operations. To date, almost $240 million have been invested, representing 95% of the total cost of the project. Its commercial operation startup is expected during the second half of 2022. Finally, regarding the Maya Train construction project, during the first quarter of 2022, the Mexican government decided to change the routes to avoid affecting the highway number 307 that connects Cancún with Tulum. This change will also help to optimize the construction process. Several activities have been carried out to rescue local flora and fauna. Also, the engineering project and all required technical studies are currently in process of being developed. With this, I'm ending the infrastructure division highlights. Now I will let Marlene proceed with her closing remarks. Well, thank you very much. We will now open the line for Q&A. Thank you. As a reminder, to ask a question simply press star one on your telephone. To withdraw the question, press the pound or hash key. Your first question is from Alfonso Salazar with Scotiabank. Please go ahead. Yeah. Thank you, Danilo. Can I have the master? You're breaking up, Alfonso. Okay. Can you hear me better now? Please continue. Yeah, a little bit, yes. Thank you. The question that I have is regarding the construction of the Maya Train, because it has started a debate with environmentalist groups, claiming that it could have a negative impact to the region, a judge stopped the construction. How has the risk profile of the project changed since you decided to participate? And what is your or the opinion of your expert in the ESG team at Grupo México about this project? Sorry. Sorry, Alfonso. Ricardo here speaking. Regarding the Maya Train, yes, you are right. We are suspended currently because of some injunctions that the government received last month in April. Nevertheless, what I can tell you is that we are following only the instructions that in this case the owner of the project, which FONATUR, is giving us in terms of how to proceed with the construction. The risk profile for us is nothing. Basically, we don't see any risk on our side. We're basically executing the orders of our client regarding this project. Does that answer the question? Yes, absolutely. Thank you. Thank you, Ricardo. Thank you. Your next question comes from Regina Carrillo with GBM. Your line is open. Hi. Thank you for taking my question. I just have one regarding the dividend. Could you maybe give us more color on why your decision not to raise it at the holding level and what we should expect going forward? Thank you. Thank you, Regina. As you know, we have discussed previously during other calls, our growth projects are our number one priority and focus. We believe that capital deployment in our transportation and infrastructure division will accelerate in the next quarter. In addition to this, as we did during the first quarter of 2020, with the beginning of the COVID-19 pandemic, we were very cautious. We tried to be very cautious regarding the lack of certainty and visibility of what would happen in that time. We believe that right now it is also important to be cautious as we see concerns regarding the consequences of the Russia-Ukraine conflict and inflation and lower growth worldwide. We want to be cautious as we did at the beginning of 2020 with a lack of certainty and visibility. We hope that in the next quarter, we will have more visibility and certainty on how everything evolves and be able to increase our dividends back as we did in 2020. In addition to that, I think it is very important to mention as well that since 2020 we have increased our dividend yield from 5.2% in 2020 to 7.2% in 2021. Assuming the same dividend, it would be, say, 6.3% in 2022, which is higher than most Mexican companies and also. Mining and industrial complex as well. That could change in the next quarter as we have more reviews. Thank you, Marlene. That was very clear. Thank you. Your next question comes from Carlos de Alba with Morgan Stanley. Thank you very much, everyone. Good afternoon. Just a few questions. On ASARCO, can you give us please an update of the outlook for production and costs before byproducts? A couple of details on the infrastructure division. How much was the energy generation in the first quarter, and how do you see that evolving in the coming quarters? Any comments on the level of tariffs for PEMSA and the contracts that the company has with Pemex, given the changes that we have seen in oil prices and activity? Thank you. Good afternoon, Carlos. In regard to ASARCO's outlook, we're still foreseeing a production around the 125,000 threshold. In regard to the cash costs before byproducts, we're seeing it slightly lower than what we reported during this quarter, around $2.60 per pound. Now regarding your two questions of the infrastructure division. In terms of the total power generation, our generation for this quarter was 712 million MWh. It was a decrease of 6% versus last year because of a planned maintenance stoppage during this year in our generators. That's to answer question number one. Question number two regarding the rates of PEMSA. We are currently in negotiation with Pemex regarding the rates for the rest of the year. We have at the same time a lot of contracts finishing during the year. We are putting those things on the table to try to get the best outcome for Grupo México. Negotiating at the same time the level of rates and also the extension of the contracts, hopefully for this year and the next as well. Right. Thank you very much for the call. Thank you. Our next question comes from Thiago Lofiego with Bradesco. Hi. Thank you. Two questions. The first one, if you could comment on the news that the Mexican government is preparing a bill to set maximum rates for rail in Mexico. How likely do you think this is to go through, and how would you deal with it in this scenario? The second question is on still on Grupo México Transportes. Can you give us more color on how and what subcomponents of sectors do you see the most opportunity to gain market share this year and the next? Thank you. Thank you. you. Thank you, Thiago. This is Genaro Guerrero. Well, first let me tell you that GMXT has been reviewing and commenting with the Ministry of Transportation and the regulatory agency the proposal, trying to clarify and understand what the proposal is based on and what would be the effects in our operation. Until now, our expectation is that it would not be easy to implement this proposal due to there are not many products of the basic basket that are transported by rail. Where this would be, as is in the case of corn for human consumption, the cost of transporting this product has a minimal impact on the price of the final product. On the other hand, the way to impose a cap on the railway rates, it would have to be through the analysis of a lack of competitiveness defined by the COFECE, the Federal Economic Competition Commission. That is our expectation as of today and the comment that I can give you in that respect. In terms of the market share, we have been focused on a very intensive program to provide the customer logistics solutions. We have a market intelligence department that is defined where are the volumes that are able to be get by the railway. We are focused on that markets. We still having a very low percentage of. Not very low, but that have been improved. We have a very good upside potential in terms of the market share that we can gain out of the transportation by truck. Well, that is basically our strategy for gaining market share in the future. Very clear. Thank you. Thank you. I'm not showing any further questions in the queue. Well, thank you, everybody, for joining. Thank you, Leonardo, Ricardo, Genaro, for being here today. We hope to hear you on the next quarterly call. Thank you. Thank you, ladies and gentlemen. This concludes our program. You may now disconnect.