Hi, yaparala!
First of all welcome to Chandoo's website Excel forums. Thank you for your joining us and glad to have you here.
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And about this question in particular...
I don't find any reason for which you should use these formula instead of that suggested by brems, but just to consider another approach:
=SI.ERROR(ELEGIR(SIGNO(COINCIDIR(A1;Hoja2!A:A;0));"Present");"Not Present") -----> in english: =IFERROR(CHOOSE(SIGN(MATCH(A1,Hoja2!A:A,0)),"Present"),"Not Present")
Regards!