Cyrela Brazil Rlty S/Adr (CYRBY) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to Cirela Brazil Realty SA's second quarter 2024 results conference call. Today with us are Mr. Rafael Horn, CEO, and Mr. Miguel Mikkelberg, CFO and IRO. This call is being recorded and simultaneously translated into English. You can listen to the translation by clicking the interpretation button. To those listening to the English translation, you can mute the original audio by clicking mute original audio. Also, you can find the slide deck in English on the company's investor relations website at www.ri.sirela.com.wr. During the company's presentation, all participants will be in a listen-only mode. After the presentation, we will hold a question and answer session. To ask a question, please click the Q&A button and enter your name and organization. When your name is called out, a request will pop up for you to unmute your microphone and ask your question. We would like to inform you that any statements that may be made during the conference call related to Cirella's business perspectives operating in financial targets are projections and forecasts made by the company's management that may or may not occur. Investors should understand that political, macroeconomic, and other operating factors may affect the company's future and lead to results that differ materially from those expressed in such forward-looking statements. To start Sorella's second quarter 2023 earnings call, I'd like to turn it over to Mr. Raphael Horne, our CEO. Mr. Horne, you may proceed. Good morning, everyone. The second quarter was characterized by a deterioration in the macroeconomic outlook on the global scale, which had an impact on Brazil. The persisting inflation in the United States changed agents' expectations around the possibility of an inter...