Good morning, ladies and gentlemen. At this time, I would like to welcome everyone to Ultrapar’s 2Q ‘20 Results Conference Call. There is also a simultaneous webcast that may be accessed through Ultrapar’s website at ri.ultra.com.br and MZiQ platform. Please feel free to flip through the slides during the conference call. Today with us, we have Mr. Frederico Curado, Chief Executive Officer; and Mr. André Pires, Chief Financial and Investor Relations Officer; together with the other executives of Ultrapar. We would like to inform you that this event is being recorded. [Operator Instructions] A replay of this call will be available for 1 week. Before proceeding, let me mention that forward-looking statements are being made under the safe harbor and Securities Litigation Reform Act of 1996. Forward-looking statements are based on the beliefs and assumptions of Ultrapar 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 Ultrapar and could cause results to differ materially from those expressed in such forward-looking statements. Now, I’ll turn the conference over to Mr. Curado. Mr. Curado, you may begin the conference.

Thank you and welcome everyone to our quarterly call. This quarter, of course, we felt the direct impact of the COVID-19 pandemic. But in retrospect, we believe that our ability to manage our operations during this crisis is quite efficient. And we were actually able to go through this three challenging months better than we expected. So now since the end of March, we established two priorities, first being the safety of our people and the second being the continuity of our operations. Let’s keep in mind that all of our five businesses were considered essential to the population. And we have an obligation to keep our customers and our consumers properly served regardless of the challenges. So as far as our people, we have had about 500 confirmed cases so far, which is about – equivalent to about 3% of our team. Of those 500 cases about 450 have already recovered and returned to work. The remaining around 50, they are fulfilling the quarantine. But thanks, god, nobody – actually everybody’s at home. Nobody is even in the hospitals. So if we consider most of our staffs was in the field, I clearly can say, that our protocols for symptom identification for testing, selective isolation and monitoring this protocol, they have been very efficient. Of course, also we have staffs in home office. We began to return to offices last Monday, actually on the August of 3, Monday of last week. And this return is gradual. It’s very smooth, and it’s going on quite well so far. I believe that the vast majority of companies have realized we certainly have ourselves. The home office has been working extraordinarily well, far beyond what – yes, one might expect before the crisis. So you don’t know where or how what will…

Thank you. [Operator Instructions] Our first question comes from Frank McGann with BOA. Please go ahead.

Thank you very much. Two questions if I may. One, you mentioned that you have seen some pick up most noteably in June it seems post the sharper reductions in activity earlier in the second quarter. I was just wondering, if you could just provide a little more information for the various segments as to how you actually saw July and August perform so far year-over-year or versus the prior quarter. And secondly, just in terms of the potential for refining investment, I was just wondering what your current thoughts are now on how you’re seeing it, what type of participation you would have in any investment there and how you would see financing that? André Pires: Okay. Frank, thanks for the questions. Yes. We’ve seen from the end of the second quarter and also beginning of the third quarter a recovery in terms of volumes that were – let’s say very, very clear to note every time that we see more flexibilization in terms of the social business measures. Just to give an idea, right, if we were let’s say in the end of the second quarter, we were seeing levels of consolidated volumes decline compared to let’s say a year ago, around 14%, today these levels are below 10%. They’re likely 8% less. So if you take the last week of June, for example – sorry, the last week of July as an example the levels of decline, in other cycle around 10%. And remember that doing the second quarter, they were closer to 20%. Diesel is already up around 2% up compared to the same week a year ago. And the total volume is around 8% below a year ago if we take the last week of July. So this is an indication that there is a…

Okay. Thank you very much.

Showing no further question. This concludes our question-and-answer session. At this time, I would like to turn the floor back to Mr. Pires for any closing remarks. André Pires: Well, thank you very much. Thanks everybody for the interest. And I hope to see you all again when we release our third quarter results. Thank you and have a good day. Bye-bye.

Thank you. This concludes today’s Ultrapar Q2 ‘20 results conference call. You may disconnect your lines at this time.