CIA LOCA : Dados Econômico-Financeiros

Companhia de Locação das Américas

Corporate Taxpayer's ID (CNPJ/ME) No. 10.215.988/0001-60 / State Registry (NIRE) No. 31.300.136.973

(Publicly-Held Company with Authorized Capital)

Earnings Results 3Q22

1 - OPERATING DATA

The highlight was the fleet outsourcing segment, which recorded an increase in the number of daily rates (+26.9% Q/Q) and in the average monthly rate (+17.3% Q/Q), with the use rate remaining at a high level. In the Car Rental segment, the growth in the number of daily rates (+2.4% Q/Q) was followed by a significant increase in the average monthly rate (+32.7% Q/Q), despite the decrease in the use rate due to the merger process and changes in the fleet for the sale of assets to be divested (carve-out). Finally, the average sale price of pre-owned vehicles continued to increase (+8.2% Q/Q), still reflecting the rise in prices of brand new vehicles, coupled with the higher sales volume (+33.1% Q/Q).

Variation

Operating Data3Q22 3Q21 3Q22 vs 3Q21

Fleet Outsourcing

Number of daily rental rates (in thousands)	10,812	8,522	26.9%
Use rate	97.5%	97.4%	0.1 p.p.
Average monthly rate (R$)	2,146	1,829	17.3%
Car Rental (RAC)
Number of daily rental rates (in thousands)
Own network	5,211	5,089	2.4%
Occupancy rate - Own network	78.9%	87.3%	(8.4) p.p.
Average daily rate - Own network (R$)	106.2	80.0	32.7%
Pre-owned Vehicles
Number of vehicles sold	16,246	12,205	33.1%
Average sale price (R$ thousand)	63.6	58.8	8.2%
Fleet at the end of the period
Fleet Outsourcing	145,695	109,630	32.9%
Rental of vehicles	83,188	70,130	18.6%
Car rental - Franchises	591	1,104	(46.5)%
Car rental - Franchisees	744	1,446	(48.5)%
Total*	230,218	182,310	26.3%

* Includes subleases for Franchises and the Franchisee's fleet.

2 - STATEMENT OF PROFIT OR LOSS

Regarding the financial performance, despite the revenue growth (+47.5% Q/Q), cost and expenses were negatively affected by the merger-related costs, which included the expenses incurred to prepare the carve-out. Financial expenses reflect the increase in interest rates, and taxes were impacted by non-recurring effects related to the write- off of tax losses, also in the scope of the merger.

1

Statement of profit or loss (R$ million)	3Q22	3Q21	Var.
Net revenue	2,424.5	1,643.5	47.5%
Operational costs	(1,614.2)	(953.4)	69.3%
Gross profit	810.4	690.1	17.4%
Operating expenses	(298.9)	(191.4)	56.2%
Finance costs, net	(407.6)	(117.0)	248.4%
Equity in the results of subsidiaries	0.07	0.03	133.3%
Profit before taxes (EBT)	103.9	381.7	(72.8)%
Current taxes (IRPJ and CSLL)	(118.6)	(114.4)	3.7%
Profit (loss) for the period	(14.7)	267.3	(105.5)%

3 - EBITDA AND RECURRING EBIT

In compliance with CVM regulations, below is a table with the reconciliation of the Company's EBITDA ( cumulative data):

	EBITDA (R$ thousand)		9/30/2022		9/30/2021		Var. 9M22
				vs 9M21
	(=) Profit (loss) for the period	146,531	726,318	(79.8)%
	(+) Income taxes	502,851	308,961	62.8%
	(+) Finance costs, net	1,012,522	294,931	243.3%
	(-) Depreciation and amortization	722,979	391,666	84.6%
	(=) EBITDA	2,384,883	1,721,876	38.5%
	(=) Recurring EBIT	1,661,904	1,330,210	24.9%

4 - CONTACTS & DISCLAIMER

For further information on investor relations, please visit the website ri.localiza.com, investor relations section. Contact Info: + 55 31 3247-7024 or: [e-mail].

Press information: InPress Porter Novelli: Ana Rachid - [e-mail] 31 99199-2209.

This material contains summarized information, which is not intended to be complete, nor should it be considered by shareholders or prospective investors as an investment recommendation. Information about Localiza, its operations, financial position, the risks inherent in its activities, as well as its financial statements, can be found on the website (ri.localiza.com).

2

Companhia de Locação das Américas

Quarterly information (ITR) at September 30, 2022 and

report on review of quarterly information

Deloitte Touche Tohmatsu

Rua Antônio de Albuquerque, 330 - 12º andar 30112-010 - Belo Horizonte - MG

Brasil

Tel.: + 55 (31) 3269-7400

Fax: + 55 (31) 3269-7470

www.deloitte.com.br

(Convenience Translation into English from the Original Previously Issued in Portuguese)

INDEPENDENT AUDITOR'S REPORT ON REVIEW OF

INDIVIDUAL AND CONSOLIDATED INTERIM FINANCIAL INFORMATION

To the Management and Shareholders of

Companhia de Locação das Américas

Introduction

We have reviewed the accompanying individual and consolidated interim financial information of Companhia de Locação das Américas ("Company"), contained in the Interim Financial Information Form (ITR), for the quarter ended September 30, 2022, which comprises the individual and consolidated balance sheet as at September 30, 2022 and the related individual and consolidated statements of profit and loss, of comprehensive income for the three- and nine-month periods then ended, and of changes in equity and of cash flows for the nine-month period then ended, including the explanatory notes.

The Executive Board is responsible for the preparation of this individual and consolidated interim financial information in accordance with technical pronouncement CPC 21 (R1) and international standard IAS

34 - Interim Financial Reporting, issued by the International Accounting Standards Board - IASB, as well as for the presentation of such information in accordance with the standards issued by the Brazilian Securities and Exchange Commission (CVM), applicable to the preparation of Interim Financial Information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and international standards on review of interim financial information (NBC TR 2410 and ISRE 2410 ‐ Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the standards on auditing and, consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on the individual and consolidated interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual and consolidated interim financial information included in the ITR referred to above was not prepared, in all material respects, in accordance with technical pronouncement CPC 21 (R1) and international standard IAS 34, applicable to the preparation of ITR, and presented in accordance with the standards issued by the CVM.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms, and their related entities (collectively, the "Deloitte organization"). DTTL (also referred to as "Deloitte Global") and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the "Deloitte organization") serves four out of five Fortune Global 500® companies. Learn how Deloitte's approximately 345,000 people make an impact that matters at www.deloitte.com.

© 2022. For information, contact Deloitte Global.

Emphasis of matter

Restatement of the corresponding figures

We draw attention to note 1.3 to the individual and consolidated interim financial information, which, as a result of the matters related to the: (i) reclassification of the principal amount of the assignment of credits by suppliers transaction and interest on borrowings, financing and debentures in the statement of cash flows; and (ii) correction of the presentation of taxes on inputs acquired from third parties in the statement of value added (supplemental information), described in the respective note, states that the corresponding individual and consolidated figures, referring to the corresponding interim financial information related to the statements of cash flows and of value added (supplemental information), for the nine-month period ended September 30, 2021, presented for purposes of comparison, were adjusted and are being corrected as set forth in technical pronouncement CPC 23/IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors. Our conclusion is not modified in respect of this matter.

Other matters

Statement of value added

The interim financial information referred to above includes the individual and consolidated statement of value added (DVA) for the nine-month period ended September 30, 2022, prepared under the responsibility of the Company's Executive Board and presented as supplemental information for international standard IAS 34 purposes. This statement was subject to the review procedures performed together with the review of the ITR to reach a conclusion on whether it is reconciled with the interim financial information and the accounting records, as applicable, and if its form and content are consistent with the criteria set forth in technical pronouncement CPC 09 - Statement of Value Added. Based on our review, nothing has come to our attention that causes us to believe that this statement of value added was not prepared, in all material respects, in accordance with such technical pronouncement and consistently with the accompanying individual and consolidated interim financial information taken as a whole.

The accompanying individual and consolidated interim financial information has been translated into English for the convenience of readers outside Brazil.

Belo Horizonte, November 14, 2022

DELOITTE TOUCHE TOHMATSU	Daniel de Carvalho Primo
Auditores Independentes Ltda.	Engagement Partner

2022BH018237
© 2022. For information, contact Deloitte Global.	2