Sign in

    Pedro Soares

    former Equity Research Analyst at BTG Pactual

    Pedro Soares is a former Equity Research Analyst at BTG Pactual, where he specialized in coverage of major Brazilian industrial and commodity companies, including Braskem and Cosan, providing fundamental research and investment recommendations. During his tenure from 2017 to 2021 at BTG Pactual, he was recognized for his analytical work across the Latin American equities space before moving to Logos Gestão de Recursos as an Equity Research Analyst between 2021 and 2024. In 2024, he joined BRAM - Bradesco Asset Management S/A DTVM as a Credit Analyst, focusing on fixed income markets. Soares holds an undergraduate finance degree from the Federal University of Rio de Janeiro; specific securities licenses or professional registrations are not listed in available public profiles.

    Pedro Soares's questions to ULTRAPAR HOLDINGS (UGP) leadership

    Pedro Soares's questions to ULTRAPAR HOLDINGS (UGP) leadership • Q4 2024

    Question

    Pedro Soares requested a breakdown of the 2024 CapEx underspend between project postponements and efficiency gains, and asked if more efficiencies are anticipated in the 2025 plan. He also inquired about Ipiranga's B2B strategy, specifically whether the company is considering TRR (reseller-transporter) acquisitions to counter market share losses from unlawful practices.

    Answer

    Executive Décio de Sampaio Amaral explained that the annual CapEx plan is a maximum approved amount and that the company consistently seeks efficiencies, highlighting Ultracargo's performance in 2024 as a key contributor to savings. The transcript did not contain a direct response to the question regarding Ipiranga's B2B strategy and potential TRR acquisitions.

    Ask Fintool Equity Research AI

    Pedro Soares's questions to ULTRAPAR HOLDINGS (UGP) leadership • Q2 2024

    Question

    Pedro Soares sought more detail on Ipiranga's inventory levels and the underlying competitive dynamics in Q2. He also asked about the outlook for Ultragaz's Return on Invested Capital (ROIC) and whether it is expected to continue increasing or plateau.

    Answer

    Executive Leonardo Linden noted that Q2 was a fully supplied quarter due to high import levels but expects a better balance in H2 with a 2-3 day reduction in market inventory, normalizing dynamics. Executive Tabajara Costa stated Ultragaz's long-term strategy of operational excellence and expanding client offers with low associated costs aims to continue delivering value.

    Ask Fintool Equity Research AI

    Pedro Soares's questions to Cosan (CSAN) leadership

    Pedro Soares's questions to Cosan (CSAN) leadership • Q2 2024

    Question

    Pedro Soares asked about the possibility of restructuring the preferred shares linked to the Vale funding. He questioned if this option was being considered to accelerate the holding company's deleveraging by increasing dividend flows from subsidiaries like Compass and Raízen.

    Answer

    Executive Rodrigo Alves clarified that any changes to the preferred shares are contractually not possible until after the fourth year of the structure, making it a non-option for the short term. He added that the structure has a competitive cost and provides valuable flexibility, so making changes is not currently on the company's radar, even if it were possible.

    Ask Fintool Equity Research AI

    Pedro Soares's questions to PETROBRAS - PETROLEO BRASILEIRO (PBR) leadership

    Pedro Soares's questions to PETROBRAS - PETROLEO BRASILEIRO (PBR) leadership • Q1 2024

    Question

    Pedro Soares questioned the production outlook, noting that Q1 output was strong despite maintenance and asking if the full-year guidance could be surpassed. He also inquired about the lower-than-expected Q1 CapEx, seeking reasons for the delay and any risk to the 2024 investment plan.

    Answer

    Exploration Director Joelson Mendes stated that while optimistic, the company maintains its production guidance for 2024, noting that Q1 performance was in line with plans and that variations of +/- 2% are natural. CFO Sergio Leite and Engineering Director Carlos Jose do Travassos explained that Q1 CapEx was 23% higher than Q1 2023 and that while some delays exist, they do not see an impact on the strategic plan's production curve.

    Ask Fintool Equity Research AI