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Pedro Baptista * | Equity Analyst+44 (0) 207 029 8351 | pbaptista@jefferies.comInigo Vega * | Equity Analyst+34 910769995 | ivega@jefferies.comAlejandro Anibal Demichelis * | Equity Analyst+34 919498377 | ademichelis@jefferies.comAlex Wright ^ | Equity Analyst+44 (0)20 7029 8368 | awright5@jefferies.comAntonio Pedro Cardoso, CFA ^ | EquityAssociate+44 (0)20 7029 8748 | acardoso@jefferies.comFrancisco Barbosa ‡ | Equity Associate+1 (212) 284-2197 | fbarbosa@jefferies.comLatin America forthcoming firesides:Jun 3:Dexco CEO- LinkJun 9:Alpargatas CFO- LinkJun 17:AlseaCFO- LinkJun 26:Assaí CFO- LinkAug 26:ItausaCEO- Link Latin America firesides key takeaways:Jan 6-10:Brazil Consumer Companies| Feedback hereFeb 12:YDUQSCEO | Feedback hereFeb 25:Laureate EducationCEO | Feedback hereFeb 27:Southern CopperCFO | Feedback hereMar 4:GrumaVP Corporate Finance | Feedback hereMar 10:Alfa | SigmaCFO|Feedback hereMar 12:Grupo SuraCFO|Feedback hereMar 13:C&ACFO|Feedback hereMar 17:GPSHead of IR & ESG | Feedback hereMar 19:Cementos ArgosCFO | Feedback hereMar 20:Grupo ArgosCFO | Feedback hereApr 14:CredicorpHead of Sustainability | Feedback hereApr 17:PriceSmartCFOApr 22:SmartFitCFO | Feedback hereApr 24:VivaraCFO | Feedback hereApr 24:Argentina Economic Outlook| Feedback hereApr 29:ILCCEO | Feedback hereMay 6:SQMCFOMay 19:Lojas Quero-QueroCEO | Feedback hereMay 21:InRetailCFO | Feedback hereMay 22:Brazil Economic Outlook| Feedback hereMay 29:CSAV Vapores CEO| Feedback hereMay 30:YDUQS CEO| Feedback herePlease see important disclosure information on pages 3 - 8 of this report.This report is intended for Jefferies clients only. Unauthorized distribution is prohibited. Jefferies Equity ResearchEquity ResearchJune 3, 20252 Company Valuation/RisksFor Important Disclosure information on companies recommended in this report, please visit our website at https://javatar.bluematrix.com/sellside/Disclosures.action or call 212.284.2300.Analyst Certification:I, Pedro Baptista, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subjectcompany(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressedin this research report.I, Inigo Vega, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subjectcompany(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressedin this research report.I, Alejandro Anibal Demichelis, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies)and subject company(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations orviews expressed in this research report.I, Alex Wright, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) and subjectcompany(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressedin this research report.I, Antonio Pedro Cardoso, CFA, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies)and subject company(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations orviews expressed in this research report.I, Francisco Barbosa, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies) andsubject company(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations or viewsexpressed in this research report.Registration of non-US analysts:Pedro Baptista is employed by Jefferies GmbH, a non-US affiliate of Jefferies LLC and is not registered/qualified as a researchanalyst with FINRA. This analyst(s) may not be an associated person of Jefferies LLC, a FINRA member firm, and therefore may not be subject to the FINRARule 2241 and restrictions on communications with a subject company, public appearances and trading securities held by a research analyst.Registration of non-US analysts:Inigo Vega is employed by Jefferies GmbH, a non-US affiliate of Jefferies LLC and is not registered/qualified as a researchanalyst with FINRA. This analyst(s) may not be an associated person of Jefferies LLC, a FINRA member firm, and therefore may not be subject to the FINRARule 2241 and restrictions on communications with a subject company, public appearances and trading securities held by a research analyst.Registration of