Ambev SA. (ABEV) CEO Jean Jereissati on Q1 2021 Results - Earnings Call Transcript

May 07, 2021 12:07 PM ETAmbev S.A. (ABEV) StockABEV
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Ambev SA. (NYSE:ABEV) Q1 2021 Earnings Conference Call May 6, 2021 11:30 AM ET

Company Participants

Jean Jereissati - CEO
Lucas Lira - CFO

Conference Call Participants

Marcel Moraes - Santander
Carlos Laboy - HSBC
Robert Ottenstein - Evercore
Thiago Duarte - BTG Pactual
Marcella Recchia - Credit Suisse
Lucas Ferreira - JPMorgan
Isabella Simonato - Bank of America
João Soares - Citibank

Operator

Good morning, and thank you for waiting. I would like to welcome everyone to Ambev's First Quarter 2021 Results Conference Call. Today with us, we have Mr. Jean Jereissati, CEO for Ambev; and Mr. Lucas Lira, CFO and Investor Relations Officer.

As a reminder, a slide presentation is available for downloading on our website ri.ambev.com.br as well as through the webcast link of this call. [Operator Instructions].

Before proceeding, let me mention that forward-looking statements are being made under the safe harbor of Securities Litigation Reform Act of 1996. Forward-looking statements are based on the beliefs and assumptions of Ambev's management and on information currently available to the company. They involve risks, uncertainties and assumptions because they relate to future events and therefore, depend on circumstances that may or may not occur in the future. Investors should understand that general economic conditions, industry conditions and other operating factors could also affect the future results of Ambev and could cause results to differ materially from those expressed in such forward-looking statements.

I would also like to remind everyone that, as usual, the percentage changes that will be discussed during today's call are both organic and normalized in nature and unless otherwise stated, percentage changes refer to comparisons with first quarter 2021 results. Normalized figures refer to performance measures before exceptional items, which are either income or expenses that do not occur regularly as part of Ambev's normal activities. As normalized figures are non-GAAP

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