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    Kaio Prato

    Stock Analyst at UBS Group AG

    Kaio Prato is a Stock Analyst at UBS Group AG, specializing in technology and consumer discretionary sectors with a particular focus on software infrastructure and internet retail companies. He covers major Latin American tech firms such as StoneCo, PagSeguro Digital, and MercadoLibre, maintaining buy recommendations and generating a notable 57.14% success rate and an average return of 11.31% from his ratings, ranking him among the top half of industry analysts. Prato's career at UBS includes providing coverage for emerging market digital commerce leaders, and he is recognized for consistently profitable calls, with performance metrics tracked by leading platforms. His professional credentials include rigorous market analysis responsibilities, though specific licensure and FINRA registration details are not publicly available.

    Kaio Prato's questions to MERCADOLIBRE (MELI) leadership

    Kaio Prato's questions to MERCADOLIBRE (MELI) leadership • Q2 2025

    Question

    Kaio Prato of UBS Group asked for details on the credit portfolio's growth in Argentina, its asset quality amid worsening market NPLs, and the impact of new reserve requirements on money market funds.

    Answer

    Fintech President Osvaldo Giménez confirmed significant portfolio growth from a very small base in Argentina. He noted their asset quality has not worsened like the broader market, attributing this to the 'principality' of Mercado Pago in users' daily lives. He also stated the new reserve requirements would have a roughly 2-percentage-point impact on the annual rate paid to users in their investment accounts.

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    Kaio Prato's questions to MERCADOLIBRE (MELI) leadership • Q1 2025

    Question

    Kaio Prato asked about the company's current credit appetite, the effects of reducing micro card issuance, the go-forward strategy by region, and a noted change in the funding structure for the credit portfolio in Brazil.

    Answer

    Osvaldo Giménez, EVP of Fintech, stated that NPLs remain healthy and that recent credit card cohorts in Brazil show record-low defaults. He confirmed a slightly more conservative stance on lower-credit-score customers but described the tightening as minor. Martin de Los Santos, CFO, clarified that the funding strategy remains unchanged and that the observed shift in Brazil was a temporary, tactical adjustment to optimize funding costs.

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