Ultrapar Participações S.A. (NYSE:UGP) Q3 2023 Earnings Call Transcript

Q – Bruno Montanari: Good morning. I have a question about, what we comment about the seasonality. We know that you in the past [indiscernible] quarter 4? And fortunately that [indiscernible] seasonality is ever stronger. So we talked about BRL 2.2 billion in investments. So, how is the company expecting to close the year? Will you be able to make a — an investment in quarter four? Or will the numbers be lower than expected? And will this roll out into 2024?

Rodrigo Pizzinatto: Well our investment plan, we see it as a cap as a capital investments for the year. So I’d say, it is normal to have slightly lower numbers and that is an reflection — retraction in quarter four. So part of our investment may go over to 2024, but it’s not part of the plan. Maybe we’re talking about slightly lower numbers than what was planned.

Operator: If we have no further questions I’d like to hand the conference back to Mr. Rodrigo Pizzinatto for his final remarks. Mr. Pizzinatto, you may proceed.

Rodrigo Pizzinatto: Thank you for your questions. Our Investor Relations team will answer all the questions that were submitted to our webcast platform and we hope to see you in our next earnings call. Thank you.

Operator: Ultrapar’s quarter three earnings conference call is now closed. You may now disconnect your lines. Have a great day.