Good afternoon, everyone, and welcome to the Vasta Platform Limited third quarter 2022 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star one on your telephone keypad. To withdraw your question, press star one again. At this time, I would like to turn the conference over to Mr. Marcelo Werneck. Please go ahead, sir. Hi. Good evening, everyone, and thank you for joining us in this conference call to discuss Vasta Platform's third quarter 2022 results, but most importantly, the conclusion of our commercial cycle, which goes from October 2021 to September 2022. I am Marcelo Werneck, Vasta's IR, and with me on the call today we have Mario Ghio, Vasta's CEO, Guilherme Melega, Vasta's COO, and Cesar Silva, Vasta's CFO. Before we begin, I'd like to read a forward-looking statement. During today's presentation, our executives will make forward-looking statements. Forward-looking statements generally relate to future events or future financial or operating performances and involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those contemplated by these forward-looking statements. Forward-looking statements in this presentation include, but are not limited to statements related to our business and financial performance, expectations for future periods, our expectations regarding our strategic product initiatives and their related benefits and our expectations regarding the market. Forward-looking statements are based on our management's beliefs and assumptions and the information currently available to our management. These risks include those set forth in the press release that we are issuing today, as well as those more fully described in our filings with the Securities and Exchange Commission. The forward-looking statements in this presentation are based on the information available to us as of today. You should not rely on them as predictions of future events, and we disclaim any obligations to update any forward-looking statements except as required by law. In addition, management may reference non-IFRS financial measures on this call. The non-IFRS measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with IFRS. Let me now give the call over to Ghio to make his opening statements. Thank you, Marcelo. Thank you all for participating in our earnings re-release call. I'd like to cover slide number three with some highlights of the commercial cycle. In this quarter, we concluded the 2022 commercial cycle, and we believe that the commercial cycle is the best way to understand our business. Vasta concluded this cycle with a 38% subscription revenue growth over the same period last year. Subscription revenues totaled BRL 1.024 billion, and thus exceeded by 2.4% our ACV guidance of BRL 1 billion. Excluding PAR, the ACV grew 47%. The subscription revenue highlights in this cycle are the performance of our premium brands and also an excellent cross-selling of complementary solutions that grew 7% compared to the last cycle. The non-subscription segment, as expected, declined compared to the previous cycle, with textbook sales representing now only 12% of Vasta's revenue. Thus, in 2022 cycle, the net revenue grew 30%. Vasta's EBITDA was BRL 336 million in the commercial cycle, and the margin expanded 10 percentage points, reaching 29%. In the third quarter vision, the EBITDA was BRL 23 million, recovering from a loss of BRL 29 million in the same quarter of the previous year. This increase is a result of better product mix, workforce optimization, and our budgetary discipline. Finally, our free cash saw a significant improvement of BRL 174 million in total, BRL 55 million in this commercial cycle when compared to a consumption of BRL 190 million in the last cycle. The improvement is driven by the recovery of operating results and better working capital dynamics that is bringing down the net debt EBITDA ratio to less than three times. This is the third consecutive quarter of improvement in this indicator. With that being said, I pass the word to our COO, Melega, that will give more details about the 2022 ACV growth. Thank you, Ghio. Now moving to slide number four, we detail the ACV growth composition. The 2022 commercial cycle was a very positive year, surpassing our BRL 1 billion ACV guidance by 2.4%. Q3 net revenue quarter-on-quarter grew 49% and 30% in the 2022 commercial cycle. Driven by acceleration in subscription revenue that grew 76% quarter-on-quarter and 38% in the total commercial cycle. Subscription now represents 88% of total revenues. As anticipated in prior release, the different seasonality of new brands such as Eleva and Mackenzie have led to a more balanced revenue recognition throughout the quarters. Although the first two quarters continue registering the larger chunk of commercial cycle. First half of 2022 accounted for 68% of total ACV versus 71% in the same period of 2021 cycle. I will now turn back to Marcelo Werneck, who will talk about the financial results of the Vasta. Thank you, Melega. In slide number five, we present the composition of Vasta's net revenue. As you can see on the left side, in the third quarter, total net revenue increased 49% year-on-year to BRL 189 million, including here BRL 21 million in revenues from Eleva. On organic basis, the revenue growth was 32%. Moving to the right side, we see the components of revenue growth. In total, subscription revenue jumped 76%, reflecting the superior quality of revenue mix in the 2022 ACV, plus the contribution of Eleva. Subscription revenue was mostly composed of revenues from traditional learning systems and complementary solution, which is aligned with our strategy of shifting revenue from textbooks to learning systems and the digital platform. Moving to slide number 6, we analyze the net revenue for the 2022 cycle. Net revenue grew 30% in this quarter or 20% on an organic basis excluding Eleva. Again, from the center to the right, total subscription revenue grew 38% or 25% on an organic basis. Subscription revenue, excluding PAR, jumped 44%, while PAR revenue fell 4% to BRL 126 million. As previously mentioned, we see subscription revenue making more than 100% of our ACV guidance, while non-subscription revenue that now represents only 12% of our total revenue was down by 12% in line with our expectation for this cycle. Moving now to slide number seven, adjusted EBITDA in this quarter totaled BRL 23 million, a relevant increase from the -BRL 29 million in third quarter 2021. This improvement was driven not only by the growth in net revenue, but also by operating leverage gains, cost savings, and better product mix with the growth of subscription and premium products. On the right side of the slide, we see that adjusted EBITDA for the commercial cycle doubled, reaching BRL 336 million, with margin increase of 10 percentage points to 29%. This is evidence that Vasta's profitability is now standing in a much higher level than in 2021 and closer to the company's potential. In slide number eight, we observe that in proportion of revenue, gross margin grew 2.8 percentage points due to a higher quality sales mix, complementary solution penetration, and cost dilution. There was also a decrease in the provision for doubtful accounts, as there was a hike in the provision in 2021 to accommodate the impacts of the pandemic. Moreover, commercial expenses and adjusted cash G&A expenses as a percentage of net revenue were down 2.4 percentage points and 3.6 percentage points, respectively. These are attributable to the efforts such as workforce optimization and our budgetary discipline. As a result, adjusted EBITDA margin reached 29% in this cycle versus a margin of 19% in prior commercial cycle. Moving to slide nine. In the third quarter, adjusted net loss totaled BRL 42 million in comparison to an adjusted net loss of BRL 47 million in the third quarter of 2021, impacted mainly by higher financial leverage and the hike in interest rates. However, as we can see on the right side, in the 2022 cycle, adjusted net profit increased 25% to BRL 20 million. Now moving to slide 10, we show the free cash flow evolution. In third quarter 2022, operating cash flow totaled BRL 17 million, a significant improvement from a negative BRL 6 million in the third quarter of 2021. In this commercial cycle, the operating cash flow totals BRL 55 million or BRL 75 million when excluding the early payments of BRL 20 million in royalties to content providers. Also, an improvement compared to previous cycle, which had a consumption of BRL 119 million. Next, moving to slide 11, I will give more details on the provision for doubtful accounts and our accounts receivable. During the pandemic, the challenging business environment faced by our partner schools, as well as our decision to support them by extending payment terms, pressured our receivables collection and impacted our operating results by requiring a higher level of provisions for doubtful accounts. Total expenses with PDA in the 2022 commercial cycle totaled BRL 27 million, representing 2.4% of net revenue compared to an expenses of BRL 34 million in last commercial cycle. On the right side, we can see that the average days of accounts receivable was 102 days in the third quarter of 2022 or ten days by adding Eleva's last twelve months net revenue, which is 70 days above the same quarter of previous year. Nevertheless, we can observe a gradual normalization in the payments aligned with the restoration of the school partners' regular activities. I will conclude my part of this presentation with the slide 12. Vasta ended the third quarter of 2022 with a net debt position of BRL 980 million. From the second quarter of 2022, the increase was related mostly to the M&A operation in relation to the acquisition of Educbank and interest accruals on the financial debts and accounts payable from business combination, partly offset by cash flow improvements. In the right chart, we can see that our leverage measured as net debt by last twelve months adjusted EBITDA has started to decline since the first quarter of 2022, reaching a ratio of 2.92 in the third quarter of 2022 or 2.87 including Eleva's last twelve months EBITDA in full. We expect to continue this healthy position over the coming quarters. Let me now give the call back to Ghio. Thanks, Marcelo. Earlier this year, we announced the acquisition of a minority interest in Educbank. Given that we had many questions about the deal and also the business model, now we are giving more colors on that. Educbank's mission is to make to the schools the usual uncertain flow of tuitions over the school year, a regular monthly flow of cash discounted by a take rate earned by Educbank. Educbank's business model differs from other competitors and is frictionless since the collection process from the students' parents continues to be carried out by the schools that more than anyone else understand the needs of a long-term relationship with the families. This translates into a high NPS score and low churn of schools. The investment was BRL 157 million for a 45% stake, BRL 87 million in cash, of which BRL 40 million is conditioned to the growth of students, and BRL 70 million in capitalization from the sale of Vasta to Educbank of the right to access our base of schools. Vasta will not consolidate Educbank in its balance sheet. Educbank results will be recognized via equity income. This decision was taken to preserve Vasta's asset-light model without consolidating in our balance sheet a non-core business and a capital-intensive model. With that being said, Educbank has doubled the numbers of students since the acquisition date, and based on the existing pipeline, this number should continue this trend in the short and the medium term. Finally, the acquisition of Educbank complement our portfolio of the administrative services that addresses the needs of our partner schools, freeing up time for them to focus on what they know most, which is to educate. Now I'll pass the floor over to Melega. Thank you, Ghio. Moving on to slide 14, we present a projection of our ACV 2023. On October 31, the 2023 preliminary ACV guidance totaled BRL 1,230 million, an organic growth of 20% versus the subscription revenue collected in 2021 cycle, or 23% versus the 2022 ACV. Excluding paper-based PAR The organic growth is 22.4%, as nearly 100% of our new sales have come from traditional learning systems and complementary solutions, reflecting our focus on reducing exposure to paper-based textbooks channel. Complementary solutions will continue to account for the highest growth rate among the business segments, along with our premium brands, reassuring our perception that quality and reputation remains the name of the game in this business. I will now turn the floor back to Ghio. Thanks, Melega. Moving to slide 15, now let's cover our ESG initiatives. Sorry, on slide 16. Since last quarter, Vasta has been reporting updates about ESG standards, including a quarterly panel of key indicators in line with the topics identified in the maturity process, reinforcing our commitment with the highest ESG standards. We launched this quarter the Afro Internship Program, which has created exclusive intern vacancies for Black people in the organization. So far, 13 people have been hired with this program. Another highlight in this quarter is that we continue to increase the use of renewable sources of energy. Now, 98% of the energy consumed comes from renewable sources, being 100% in our largest distribution center in São José dos Campos. Committed to the accountability and transparency, Vasta launched the first greenhouse gas emissions for its operations, and the purchase of renewable energy has reduced Vasta's total emissions by 14%. Having said that, I finish our presentation and invite you all to the Q&A session. Ladies and gentlemen, once again, if you do have a question, please press star one on your telephone keypad. Once again, it is star one to ask a question. We will take a question from Felipe Mancebo at Itaú BBA. Hi, guys. Good evening, everyone. Thanks for taking my question. We noticed that revenues coming from complementary solutions showed a good performance this quarter. How should we expect the contribution of this segment in the company's consolidated results looking forward? Thank you. Hi, Felipe. This is Guilherme. Thanks for your question. Complementary solutions are the main driver for growth in our company with the traditional business. We recorded more than 70% growth in the last commercial cycle, and we foresee a very strong growth for the next commercial cycle. Of course, the base is increasing, so we do not expect 70,000%, but definitely will be the booster of the 20% guidance that we just gave. Felipe, if I may add, this is Ghio speaking. We still have only one quarter of our partner schools adopting at least one complementary solution. If I'm not wrong, only 3% of our partner schools are adopting two or more solutions, right? The Melega is right. We have a room for growth regarding complementary. Super clear. Thanks for the question. Sorry, for the answers. Just a reminder, everyone, that is star one if you would like to ask a question. At this time, no one else has signaled on the phones. Another reminder, it is star one if you have a question. There appear to be no further questions at this time. Everyone, as there are no further questions, I'll hand back to our management team for any additional or closing remarks. Thank you, operator. In my final remarks, I would like to say that we had an excellent commercial cycle and we are really confident that the next commercial cycle will be as good as this one. We had the opportunity to share with you guys that all the marketing process or the commercial process is going fine. It's pretty much comparable to the last cycle. Melega has reinforced that our premium brands and also complementary solutions are showing an excellent performance also in this commercial cycle. We are really confident that we brought Vasta to a high-growth moment, you know, right? On the other hand, we are always looking for ways to be more efficient, to be more cost-efficient. As you could see in our presentation as well, we have increased by 10 percentage points the margins in this commercial cycle. It was a very good year, and we are confident that the next one will be as good as this one. Thank you very much for participating in our third quarter earnings call, and we hope to see you again in the fourth quarter call. Bye-bye. Take care. Everyone, that does conclude today's conference. We would like to thank you all for your participation today. You may now disconnect.