ATTO - Earnings call transcript Q2 2021

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Operator

Good morning, and welcome to the Atento Second Quarter 2021 Results Conference Call [Operator Instructions]. I would now like to turn the conference over to Mr. Shay Chor, Corporate Treasurer and Investor Relations Director for Atento. Please go ahead.

Shay Chor

Thank you. second earnings our call. to everyone, quarter conference XXXX Welcome,

financial made that call has Before international note comments been standards. on under that proceeding, please information certain this financial will prepared reporting contain

are Certain of the call on available factors. forward-looking securities We may statements in the and that to statements, future In you addition, differ we not documents you regulators, and materially earnings relevant various contain slide of with invite review uncertainties. this our and guarantees risks the result our may disclosure constitutes as information complete filed forward-looking a which results involve those performance publicly presentation. disclosure the encourage to of call read included second here from

can otherwise, Unless presentation a at Our are basis. on and be all and rates public noted constant currency year-over-year earnings investors.atento.com. growth found filings

call for Jose Lopez-Abadia, Here Azevedo, today's CFO. Chief and our with are Executive Officer; Carlos us Atento's

prepared a to remarks, we move Following their will session. Q&A

phone the sending e-mails. call webcast Carlos, doing we Madrid. will the system call, through or us today's the encourage the As who even over our now by a turn of Q&A will part in Carlos, believe we to in ask relevant you office recent session We best have do to the so all received. calls, I been to do is over questions from questions call answer your go our we ahead.

Carlos Lopez-Abadia

and travel to my clients during like possible. afternoon, and meetings the QX. with in to And over you Yes, operations I again But today our good are Mexico, of and and in normalcy here be usual been I our good our we am to few speaking Shay, I've results from discuss are morning, weeks. last returning to as Thank office. as you, markets to progress possible, all I'm as return Madrid you. Madrid to schedule. much

guidance Beside we have know, the which, flow HX, QX, debt-to-EBITDA In Covid strong we currency EBITDA trajectory discipline. the a our some as of pandemic, of to HX when full-year we still for the our XX.X% in to Despite deleveraging, seasonality in growth current the our to first of deferrals cash million putting expectations that of results. our delivered profitability and our of We during in net year within have year. growth with half this flow generate have in it's impact significant some confident These catch continued revenue solid we margin, have us year is of $XX.X high allowed continued on EBITDA be while due finished you revenue, with improvements currency, allowed constant CapEx continued to in most EBITDA and and up more us of XX.X% for than of ratio. results EBITDA, continue X.Xx us have severe growth last already the year. XX.X% in last X.X doubling to and investing tax business and the did regions cash QX,

EMEA our to and thanks around engine We last than currency points sales that our in to of We're euros. hard business and We currency. continue year revenue U.S. U.S. profitability continues our hard of improving percentage more EBITDA, operation. delivering of XX% improve This and XX.X feel dollars continued our mix, XX% is growth our our of to improve.

Covid vigilant, with to to and business than measures. we of in the we book invest sales more this continue we half related XXXX. into the fact of and to strong continue year have a finish Despite XXXX, in doubled that We safety leading first expect be

being amply exceeding fully have of on plan. the XXXX With to and our pandemic track we the from results recovered that results, XXXX, fully deliver these we in impact of X-year feel the

Now transformation. while our continue focus the delivering day-to-day, to on we

Chief we quarter, Chief of a new a new Officer Information new have Security CIO, new Human ESG Resources added Director. a This and a

people-intensive these on and we our of also importance and for our processes we as Among change a internal key work use profiles in our HR and We're And to these talent server culture. this, is as HR of days, the and clients. differentiator For we that we talent a paramount our to placing results. and our management quality objectives. market more And is bring is and more the the that business need skills, the further, use company, to to emphasis leadership security particular renew both technology new offer.

We will level. continue to did always and to that lot been a this attend on. has not area, past done we ENS have feel formal areas. real cyber add We the important innovation talent to but the we our a in in program technology at have very

the and structure, Compensation new We Directors a the Board have to under leader, a a and program Sustainability elevated under formal visibility new we of have ESG Committee.

be will QX. plan commitments We ESG our presenting publicly and in

we As third the more will of horizon focusing our plan, year progressively be three growth. we year third approach on our

Our strategy U.S.A. continues to gain momentum.

QX, in growth in in XX% XX% revenue, growth EBITDA. achieved have We

serving to wins sectors, Homeland Security. contracts, the U.S. one important achieve and the wins, continue important of in We government both Department with commercial new them of

employees to work, of work Although expected and continue our are from home. to the majority

giving in one other We in better Florida us one coverage. centers, Utah, thus new zone are X time opening and

sectors on Our strategy interaction. to and focus accounts be to global continues new

media, base. grow our our digital, their all more new our to such geographies focus and XX.X% to as advancing in share continue from X.X% verticals, in of tech total and We of

with expanding and such one the partnerships expanding We announced as are launching ManpowerGroup. with We're recently we services our services profitable ones. multilingual new

QX, Now exceed increased strong the the we meet feel that provided to having or HX for confidence a a finished with strong guidance we year.

year for to objectives the finish We our X-year of expect plan on meet the to XXXX. track strongly

better from way to commitments a to of than team management earn this our I your you. work cannot delivering presentation, my said I and on consistently As first think will trust, you, to hard

on Jose details more to Jose. this that our has turn sales. me Let over

Jose Azevedo

to our day, we and Carlos, I tenure. most you, that start how in still say by transformation Thank the is our deliver of ahead, have us. difficult part behind continuing presenting I would you to will to challenges we some that good while highlight on financial happy to are more like detail we're everyone.

we enter that endeavor. phase will As profit accelerating of we focus more our on transformation, our now

Before discussing played are currency. reported is than the this to the results, I emphasize FX better in and which in that many our results constant first would years favor, like quarter in the

Multisector US, Peru XX% XX% highlight our government revenue growth can digits the growth and each. currency. increase The in program and was very revenue almost results Telefonica impact was growing volume the impacted of mainly, was EMEA. strategy the is expand you Colombia. by from hard consistent expanded mainly Telefonica through performed see Going Americas, Multisector the by the our Americas growth QX higher year-over-year numbers, XX% with followed that with was the Americas, positively double quarter in revenue to Brazil services. well in revenue In by driven All both in and EMEA, XX% by regions the In here which and figures. and utilities, one in second full [Indiscernible] our transportation

to continue US delivered from delivered to reflecting on EBITDA million XX.X% call. efficiency that of we recorded and The very deliver QX we margins first the In the margins XXXX. QX, as track expanding penetrate during a XXXX year. Americas, the in implementing US expect terms EBITDA in in to market. validating strong initiatives profitability, success strong XX% our in are puts $XX in we closer the earnings full to the growth we all seasonality in XX%. further the in margin increased In us in Programs strong of explained quarter, $XXX we QX in as EBITDA regions, million Brazil

the of the margin to plan, to is reported the of implemented line, to our I HX, year, the with discuss points ability compared increased success Horizon of first the when considering 'XX our next to that half in to the financial a year transformation the for the attesting it the guidance Atento. XXXX. related this is a us in the XXXX. EBITDA make in Moving in one delivered was slide. demand session better, excluding when or margin top extra in XXX compared strong of in we moreover, CX was HX XXXX want three for message the the deliver on transformation the XX.X% plan confident combined in items half HX basis higher best high one And since first terms key EBITDA But to slide the especially [XX].

hard use I continuing challenge growth. expanding before, areas and main increasing now to the the our exposure business U.S. solid to As the is are key profitable said currencies. accelerate And to foundation

already currency the revenues As XX% its even -- EBITDA of total, to represents of the at our in hard contribution while prepared is in XX% remarks, higher Carlos total. mentioned

discussed recall, were call, at during postpone take a also the extensions let's Now we governments pandemic. to last some the QX during we to our the We able suppliers. flow. look the certain initiate earnings companies collection with QX taxes that cash offered certain year, opportunity and of If

As That expenses we had the those in payments to the high combined $XX the unusually the were in free with process flow HX negative led million. working XXXX, cash related half HX refi the one-off year. debts be to of in first capital requirements

XXXX. already in we positive in also HX case, flow acceleration of run HX growth. the in into rate that one-offs, for chart. can ongoing just the investments For in to in XXXX. positive cash IT to for a to with programs full million, it, represent same HX operations CapEx be the in have, into company growth second expect CapEx highlight of we budgeted. comprehension the for and and Reflecting $X [X.X%] growth, an was for the excluding the full-year the almost year I at this half HX XXXX given that Important breakeven mainly see look of revenues entered working compared the free allow free in X.X% of capital flow to better In we for was that the new clients our in the our the mentioned seasonality, period cash of related to Cash any trying CapEx you have as year, XX% the to future cash by flow

of revenues payments of to reiterate for X% the our for year. the guidance and between HX, X.X% most As CapEx of payments entire scaled be we are

an quarter cash and important Finally, position strength. million. We $XXX at capital $XXX with topic, of hence debt the our ended net million a our

slightly EBITDA Given of a and the In $XX positive our repay balance. $XX lines to cash line out in to our our April, generation year, repaid our cash to optimize million of our we for available. reducing we drawn the million flow expectations Brazil, million started revolvers $XX we have

the While the of on how revolvers the evolves. repayment depend full will pandemic

in million $X versus by revolvers the on XXXX. paid interest XXXX the reduce to expect We

the Our delivered quarter quarters. year is the ended leverage we recent X.X of direct range full improvement to in Xx. This EBITDA consistent of a guidance have already within result that in

have we prepared the elements net November remarks. since are targets Investor one our Day improving in confident of XXXX, at of XXXX. support. leverage And Thank saying deliver ability the to for between been key X.X capital process. our end the in interest re-rating the our to structure This of we my your As of and you is long-term X.Xx concludes

to move Q&A. Let's the

Operator

first Instructions] Colicchio Vincent Research. come The question from with today [Operator will Barrington

Vincent Colicchio

Nice quarter.

Carlos Lopez-Abadia

you. Thank

Vincent Colicchio

Telefonica margins to with year, how curious, how added business does I'm do this the the existing -- that client? new that compare there business

Carlos Lopez-Abadia

not as with are client, rest business, good. better. Compared the Compared they're that of with they the

Vincent Colicchio

manpower how the does And that clients Are on a little you? more to look? any they color that -- of there partnership. Is bringing

Carlos Lopez-Abadia

lingual growing one expanding some capability, very a market, It's synergistic, with go that but are our companies. these Typically, is traction in related probably is to ones that getting is in We're and that more to to location. multi buy not you know, are area. the just our We tend emphasis global multilingual, very market. capability

sufficient in the So partnerships. expanding manpower those in we thinking the And with expanding place this which That's way et from to the volume, one we're we QX provide services partnerships intelligent an until nature of do the we ways is build the cetera. want of about one we is that Portugal. from are in

Vincent Colicchio

way yourself? faster market they a building It's get as opposed to to it

Carlos Lopez-Abadia

delivery the the capability and side, product sales, cetera, On et is us.

Vincent Colicchio

do Jose. be this you pass-through inflation portion this clients what for guess, I wage of don't know I to to year? expect might -- currently And

Carlos Lopez-Abadia

Jose number. probably the has

but process pass just in me Let question you you the a say a the higher, that's pass-through, we QX. the used coming was to have this of upfront. much that to and pass-through other amount tighter told We manage tell and XX%, pass. We probably have much expected know to now and we figures. I it's a significant through, to have

Vincent Colicchio

it's you growing is business there to US -- any resources Your you force? as but sales such to mean, the complain, increase Will have expand plans very do hard I fast.

Vincent Colicchio

have We will. and we are, we

Operator

we in Shay [Operator over for the turn questions webcast. Instructions] no And appears to over further like queue. have At this would time, Chor it the to I any it audio Mr. questions

Shay Chor

Sean. Thanks,

question, already were So they How second In great pleased first plans. quarter. first with and do you about how your internal results. results against quarter you the the quarter, feel did

Carlos Lopez-Abadia

happy with very QX. are We

EBITDA think rest and a on would I so -- sorry, so of even that we to some inflation, think not and inflation results, this people forth, QX completed with ability the that margin strong the And first with explanation. that call very doubts on expressed regarding half. some to pass-through I put and the hopefully,

in results. delivering good feel results. at not keenly even And on the the us are the with X-year plan, happy a always very third full-year this that we're we the looking but looking forward, we're very is are just -- are we which year our more right? to past focused quarter, we of puts QX So XXXX. position So We importantly, delivering

with puts this start also in good to traction. XXXX we a good us very feel So that position

Shay Chor

place? solid remain sales you gears company a from qualitatively top the of the very changed sales Can a talk From It like should expect what to drivers of perspective. investors line this encouraging very seems And Congrats results. this? set has on a about some behind been in perspective, has data.

Carlos Lopez-Abadia

worldwide. sales a of upgraded lot We Well, critical sure. things. in number of leadership our teams. We've We've changed done a

innovation in cetera. and account as integration et if well have and management of structures around before, didn't both the methodology sales, the more from a more we and the performance management, the have as We service, put that the day-to-day place want, perspective processes management, processes of strategic you management incentive and pipeline

we're team. So done we have go. And mean, I upgraded we to sales not a way a have significantly yet. long

Clearly, with the made say, in Probably results As themselves. sales. it. think a continue always our happy have see apply I one question, the to you I'm potential, the per areas and in improvement electro I of a the is very progress a for we've where there lot sales invest potential to microscope for capabilities. previous go-to-market of to and But we of speak our lot capabilities

Shay Chor

statement? revenue actually between in your Can those new and sales about you and talk lag please hitting the kicking the income

Carlos Lopez-Abadia

right? in the the with changes a the the if if talked about sales and So do you guidance. numbers maybe depending depending more on it's But let takes take about months good a a So half. and up had But if deal, quarter one less. smaller, the of lag, few it we've next on the about may it's longer. ramp bit me different it impacting large and you program to numbers you sales, first some a probably size, think the that's quarter If size. in complex, give about But complexity It typical the think lag.

Shay Chor

so a Telefonica in Multisector in you Brazil. Brazil one, the Did in grew growth? little color? Americas Multisector not very Can provide constrain and much fast EMEA and Next growth

Carlos Lopez-Abadia

is the the clearly, I been we always with into. not mentioned, Well, kind well. only Brazil. growth just it's business to an customer a mentioned want you, are in in we've good always very volumes as to good as is as grow Telefonica And growth important with And and good busy of Telefonica I

improved last. have year We compared margins this to Telefonica in

in should So a We that on And think has a very to Multisector be continued very, seeing kept I us that clearly busy. used basis Brazil. strong quite growth. we have

market comparative, always out, look point much team It's the part our when you're particular a are market small the market, Brazil. growing I which, we're faster us participant. market and at in I very still Multisector even for easier you as than grow we than think to faster for times the than of if the the several when the and grow in in are you Brazil, next leader,

thing a it's basis expect regular continue to and to tough so. on do that a So do we

Shay Chor

speak that higher-margin really the the flow? as cash Can flow XX% about Jose free starts appears on level, rise improving. the It margins from free cash

Carlos Lopez-Abadia

he to out take Sure this of [Indiscernible] has himself time.

Jose Azevedo

happening can. structure. promised, not cash revenues, we the is [Indiscernible] still of Basically, And we We I in but the EBITDA. what's we terms in cost free as flow, work very Yes, the on only. well improved

is that enter Our intention than exactly XXXX it's we entering better in XXXX.

CX invest, the can CapEx. We a if And can [senior] the as to $XX and free And cash we have some a have we go cash take we as we are, we semester. the are is bit for we flow. free million in we first have the improvement. buffer the That the In between mentioned excited growth order want in invest. CapEx fact, the that the positive to slower, creates We bit to of a is need free knows, the plus in is product for idea $XX future calls. start for future. so a we flow. the a we We free cash news cannot of want the lower very we why Carlos invest new that can get yes, flow bridge, CapEx on. that are lot of everybody why the and cash to some flow in we company, good invest make for If but But million -- to inclusive

out positive one. one-offs, be free take the cash a you the If flow will

times [Indiscernible] that in [Indiscernible] So it's the I first happening is think in one of

Shay Chor

MSA news the renovation have of congratulation maturing 'XX. Next, you on the the in Do results. regarding agreement any

Carlos Lopez-Abadia

specific news. a Not

think extension we that with are that mentioned discussing I an agreement. of I Telefonica,

as customers have fully with every any my rely you. to contracts. the well business mentioned or MSA customers I and one, day to not our in earning on from as we day, believe mentioned always I that I to As

said that, bad Now your not Having one you? having commitment very from from important. a one to clients of having buy a thing. important is It's

that. to I So don't want minimize

[Technical is the have So Difficulty]. to intention

Shay Chor

your provide Can in on that that? are providing release you names, you to can you mentioned You you anything accounts, examples, accounts global for now. are say what global competing services that

Carlos Lopez-Abadia

you do in may using Now names try example industry clients you me their about a an idea. know let are give public. that But this bit shy an

very delivery, where tech we entertainment, company, their clients successful we global for products. provide media example, Media several support well-known very company electronics their them. for where and of electronics of we have premier think Gaming, where customer very For gamer we a A large, Food consumer support media and we in very names, we I provide a them a okay. do advertising support where support couple can sales. social platform, digital support.

I announced of Games. we fact, the In company name Riot believe have this

actively services complex. gives have we're of the but is sectors, going So services. I you, can by type other it give that you large, worldwide. you of of type companies, sectors, range and that expanding are the growing after. I think that segments value-add very And idea the mentioned the also typically and of of as and of examples to an type kind growth They traditional the But to all tend and not services more your that's, more I companies

Operator

will - come Ostrowski question Insight next Investments. Michal The with from Q

Michal Ostrowski

said your us the to any you months? ESG share details which Can launched with be now coming in of you program,

Carlos Lopez-Abadia

I the this full highlights. will sharing share quarter. be the can with I plan you

this ESG. over on good As the has job I very a company I years believe that earlier, done mentioned

communicated we not environment, the in places, probably proper a We of a lot attention. the provide program under other have more we And support a We lot when proper with past we for -- importantly, very support well people. with in do cetera, not a lot diversity, my that a in have experience past. very for have of et put compare that disadvantaged I

have for and ESG. and leader we in we created specifically So a group ESG, have a the group to dedicated

upgrading what are the Board. do We at we

have now We a Sustainability Remuneration new Committee. and

significant very agendas of future the a ESG including are We component in program.

level. rigorous also -- communicating to at a you process, as commitments as the making at will making only both results but obviously, and management externally, also Board not so And level the but be having well commitments

Shay Chor

here going webcast. to So the back

helpful. Can And you growth in versus Your slide payback flow $XX CapEx sort working expecting out cash free is cash expenses. those split on of bridge on million? capital what that very you're

Carlos Lopez-Abadia

for pass is to Shay. Jose think it this or happily I you. I'll one you, on

Shay Chor

take that No, one. I'll

CapEx. million $XX So paid slightly is is is under that above already Important the split the million have $XX year. deployed say million, million or is to of $X working $X around first CapEx $XX and execution we capital been $X half million around only and the in million in growth has the

So of to in reminder an still is that important the second year. pay the that this half have we

the year aim but far, XX% terms payback we around months. the XX other -- growth at of we is our CapEx And capital around growth have In minimum on question payback CapEx the average our here so on XXX%. projects to have and growth deployed CapEx. metrics, on another the XX%, the assets a is is that this We returning of ROIC

based question Next rising you US clients? savings US. in the provide been how Wages here. Atento to can have talk Can we about cost have

Carlos Lopez-Abadia

Yes, growing. shortages -- wages I well many many been in locations. have in Not mean cases, as known, that. only of been there's

at example, number have tell recent very a platform check opportunity, event, of capabilities, of had you some the advantage we I'm work you that I doing a our but if there's I do we that in we it's we website. We're unique you to home, demo home feel US, go and our where we're I the particularly deployed did full out things in maybe taking Atento the you hadn't recommend on deployed, and the think that like have hub digital well. happy So

after go invested That broader and So allowed to us have we capability a we at work none. pool. second labor much has home to have

at Latin need that very Also, that we have we than gives capabilities particular further significant time. in us very remember America US, are Central helpful to please to near serve it and reach this particular from also have opportunity the customer in past. for the a could America, when we the shore, Mexico much So

be, in of able that been to I able going it's well and It logistics -- situation. the been say but future it manage I'm the been we've [Indiscernible]. necessarily as hope used to to very shortages, have is not we terms in to or So labor

Shay Chor

see to costs impacting I Can EBITDA. related I business? some EBITDA, not noticed adjusted are business. say Covid you you your reported costs specific that are considering of adjusted what And as peers still you the reporting normal

Carlos Lopez-Abadia

we have you that the to Look, that full taken it's the with numbers the not better see and view tends message. distort one-offs, one-offs, to can give sometimes

to that one unvarnished -- that's there's a year, I we So significant and not say the haven't but disclosed and very to did we you We results. prefer last give think offs.

we our we some costs in So significant number as significant as -- be year, much last but still, Obviously, Covid. case, in cost still did is the not from EBITDA, will the adjusted higher. have

impressive your number, more top to we're say, way. of on. you prefer be number the sure order that there this it have EBITDA in why chosen and $XX the everything said do are number. to into you think would -- much the And about give baked adjusted I head, could conservative million. the of one-offs and talking I'm so we've it that which be I and That's in unvarnished, is other one-offs we

Shay Chor

of one X% CapEx of how provide you flow? should cash XXXX still Is some Can cash think going forward? In X.X% to operating free on about What and you flow clarity cash free beyond, do level revenues. flow expect?

Carlos Lopez-Abadia

Shay. for this is you Suspect again,

Shay Chor

actually. Jose for is This

Jose Azevedo

color. the you give can I

start the that will about got year, million. But I'll a On for have is USD the $XX We maintenance. look -- CapEx finance. to ongoing XX have. move in we give basis an for we in cloud. we $XX lot goes. you and $XX number million between almost that know million future. [Indiscernible] because we million in in expect terms we premise, The a a where invest less, in prepare to is spend We It to lot we systems. million be flow cash the of, we basis, we of otherwise, pay revenue. to CapEx don't look and we have to not means It is for a year three when X.X% around sales systems. have because because we move still of to XXXX That around have example, around We But between We're $XX then improving. In million million we have our $XX invest million this I before that because that because We pay have for advance a with to have is lot we talk in say, mentioned expected the still agreement good idea. and we $XX As SAP. around around $X we CapEx first we of to can honestly, numbers to That about strategy efficiencies. need. the X% type $XX for we operations. or maintenance savings advance. have will means monthly. you And But in free million that talked

have even where forward, last have quarter, invest in in $XX for want invest we the guys. we means But $XX have a It million million between future. very $XX and our expectation our have because for more. the good is pipeline bit is we Overall, as yes. has, very, And if [Indiscernible] our variable invest basis million year, ongoing depends -- sales a -- it and I next a to lot in we Maybe flow, million cash It around in million we a around brief, to we they sales will $XX terms they million, change for have field be to. To get We that done free year of costs to on think sales in say and to fixed positive change. will clear $XX the million. $XX can $XX that CapEx. around

Carlos Lopez-Abadia

XX% that the on And EBITDA brings really leverage previous EBITDA back we expect a side. questions I'll to gives goes XX%, year, XX%. that above the Jose closer guided that high to we just next When our flow us for complement on had cash on free

So this is continue to we level need delivering. important that an

Shay Chor

next momentum How process about the over the months? sales in the feeling are XX you

Carlos Lopez-Abadia

the a of what a we've think solid, mentioned I pipeline. progress and that rocks, but or what I but there increasingly much good in very big and able What I see have we the very with better, accomplish, we sales. one been not is will we big we to field do. and happy in deep is more couple can earlier, about I'm pipeline feel made broad still feel I that solid

and improvement trends things. market I'm also But improve. of on Sales you've sales, on our in own world, the that So in the this and anything results. And improvement in area. seen capabilities, those to more what like continue we in we particularly see I our can all continued it the us optimistic of that do, think sales. I depends case depend continued

Shay Chor

the has company about thought Day year? having later Investor And this an

Carlos Lopez-Abadia

put I think day. date have. similar we of a as a don't were years with had a ago. couple specific We We playing we

November-ish I time was think it frame.

will clearly very promised it I ago to think the with we'll -- fitting results a good we I investors think few plan, present the X-year to back on year be be three our plan. to a results that way deliver the to the time terms of years next in

frame. a probably, we'll probably tuned, stay November So be at time looking

Shay Chor

and margins improved 'XX your is more improvement one, you beyond delivered profitability, on meaning 'XX. now there in Next that for room have 'XX,

Carlos Lopez-Abadia

But The answer the Again, year now into we plan. yes. next we're always looking three get absolutely, is ahead. look,

had higher margins. competitors You can significantly have also that see the --

thinking I anything fourth, about how I at don't this I looking being second to become in but life best. the I mentioned I'm or in know don’t or first, -- I the do always third call, As if do mentioned

of long per in a to not have margin. also margin we to only se, think reach way long-term the Atento, I go but So potential in

Shay Chor

we We've see webcast. on Sean, back on got questions anybody to you have the if line. here to no further the

Operator

point, to turn the queue And Mr. further I either. this no conference audio like for over Carlos there questions to would are Lopez-Abadia closing At in the back remarks. any

Carlos Lopez-Abadia

further Nothing the you Thank these me. for have to being discussions. taking time from here all and

calls. like conference As The personally always, all just your occasionally, these prefer I challenges. part that questions, share myself, your

answer at So please our coming, them keep the to try and ability. of we'll them best

again, and you talk thanks So soon. to

Shay Chor

you. Thank

Operator

for concluded. is Thank The attending you disconnect. now presentation, may conference and you now today's

Atento (ATTOF) 8 Aug 212021 Q2 Earnings call transcript