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Ambev SA (ABEV) Earnings Report: Q3 2015 Conference Call Transcript


The following Ambev SA (ABEV - Get Report) conference call took place on November 16, 2015, 03:00 AM ET. This is a transcript of that earnings call:

Company Participants

  • Nelson Jamel; Ambev SA; CFO
  • Bernardo Paiva; Ambev SA; CEO

Other Participants

  • Andrea Teixeira; JP Morgan; Analyst
  • Fernando Ferreira; Bank of America Merrill Lynch; Analyst
  • Antonio Gonzalez; Credit Suisse; Analyst
  • Luca Cipiccia; Goldman Sachs; Analyst
  • Alex Robarts; Citi; Analyst
  • Robert Ottenstein; Evercore; Analyst
  • Carlos Laboy; HSBC; Analyst

MANAGEMENT DISCUSSION SECTION Operator: We would like to welcome everyone to Ambev's third-quarter 2015 results conference call.


Today with us we have Mr. Bernardo Paiva, CEO for Ambev ; and Mr. Nelson Jamel, CFO and Investor Relations Officer. We would like to inform you this event is being recorded. (Operator Instructions) Before proceeding, let me mention that forward-looking statements are being made under the Safe Harbor of the 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...