So if we execute the plan as it is designed, we’re going to see an evolution or in the case of CTV, a retraction as we advance until the end of this year. I’ll hand over to Miguel, and Miguel will add something.
Miguel de Souza Gularte: I think that just to add to what Fabio, but it’s important to have present that BRF is very competitive from the cost standpoint. Even for the geographical distribution, we have a very competitive advantage. We are in a moment of totaling this, all plans in all aspects. From the — on the other hand, we can — we shouldn’t underestimate both the capacity and the strength of our brands and the reference they are in both internal and foreign market. But, it’s really evident that this trajectory of continuous improvement, several challenges, challenges that we’ve been talking to brands increasing the portfolio with the customer, thus making the strength of the brand into opportunities, commercial opportunities, both internal and foreign market.
It’s a challenge, production aspect, and then you fix logistic aspects. When productive, I mean, field and logistic, and finally, you transit as through this universe of the commercial execution in internal and external markets, taking the opportunity of the expertise of all we have in marketing and trading, and our commercial team both national and international. We are really proud of the team and the opportunities of working here at BRF. So we are excited with the possibilities, the process of continuous improvement started in 2023 and may continue happening in 2024 as it is happening. And it’s a fact. We understand that very humble we see the opportunities. They exist, and we are going to continue working in the sense of capturing and capitalizing these opportunities.
We always have the willingness to learn, and especially when the BRF+ 2.0, the process is about learning something so tangible is the fact that a location can learn with the teams can learn with each other. So in the end, different locations, they may have different aspects, but they are all BRF.
Guilherme Palhares: Perfect. If you could comment a little bit about capability, this yielding of the capability increasing 20% in comparison to 2022. Just a question of efficiency?
Fabio Luis Mendes Mariano: And then about this question of idle capacity. When you look ahead, if you could bring a little bit of the level of idle capacity today, and to reach this full capacity, if today’s necessary, higher investments or only with this initiatives of BRF+, the company should already reach this new level of operation. It’s very important, Guilherme to have press to see that BRF has 1,600,000 billion chick heads of poultry and pork. And when you think of — when you increase the efficiency process, any efficiency increase and yield and increase, you increase at 1% or 2% and they yield and in the plant and you start, it’s like opening a new plant. Your capacity of 6 million you increase yielding in the quarter.
The last quarter of ’23, ’23 it was almost like opening a new plant. This idle capacity, it is already installed. So it — we readjusted the cost, so this cost would be a dead weight. And then but an opportunity we have to capture as the efficiency program increases. We are able to measure the opportunities. And more than measuring opportunities, we capture these opportunities. If we look from the standpoint of CapEx, this makes us really peaceful. Because the level of investment, the performance, the efficiency we are pursuing, the level of investments that we have allocated is enough. Obviously, a company that has a characteristic of owner now, the agility, but very fast will respond to this challenge as an opportunity, but a response in time and shape so this opportunity can be captured.
We are really, confident in all the attributes 2024 and the coming years, where a company extremely focused on growth, quality, people, all these aspects, in the quarter. I think as time passes, it’s easier to explain and be understood.
Guilherme Palhares: Perfect. Thank you.
Operator: The Q&A session and the BRF call is ended. I’d like to thank the attendance of everyone and have a great day.
