JSL S A : 2Q21 Earnings Results Presentation

2Q21 Results

2Q21 HIGHLIGHTS

GROSS REVENUEEBITDA / MarginNET INCOME / Margin

R$ 1.1 billion	R$ 211.7 mm / 23.5%	R$ 93.1 mm / 10.5%
+58.9% y/y	+157.5% y/y	+12.9 p.p. y/y
+65.6% q/q
+5.7% q/q
Recurrent: R$ 123.8 mm	Adjusted: R$ 44.8 mm
	+7.6 p.p y/y

ROIC

13.4%

2Q21 LTM ex-goodwill

LEVERAGE

R$ 2.7x

Based on EBITDA LTM of R$720mm

CASH FLOW LTM

R$ 114,1 mm

Before growth

JSL FRETE App

Beta Version released

Acquisitions that represent JSL's entry into the health and compressed gas segments, with strategic customers and bring relevant scale in the management of warehouses and transport of highly complex cargo

Announcement and approval by CADE of the acquisition of Transportes Marvel, with operations in the transportation of refrigerated, frozen and dry cargoes, in Brazil and in five other countries in South America (Figures not included in JSL's consolidated financial information as of 06/30)

• Traceability of the trucker and the cargo
• Integrated monitoring between JSL, the driver and the customer
• management of all shipping documentation in an integrated and digital way
• Signalized cargo availability for the trucker and new platform for client offers.

2

LEADER IN ROAD LOGISTICS

Acquisitions that complement our presence across industries and geographies, add scale and new services to the portfolio

			292	5,200
		511	100	R$ 782 million
		188
	669		EBITDA
3,400		R$ 1.7 billion	+53%	R$ 254 million
			Net Income
		increase in Gross Revenue

JSL 2Q21		JSL 2Q21 LTM1
LTM Gross		includes M&As
Revenue		Gross Revenue

Present:

All Brazilian States

5 countries

South America

~ 25,000 people	+16,800	+55,000	1,000,000 m²	+280 branches	+1,300 clients
Employees including 208 managers	operational assets	Registered truck drivers	warehousing	In all Brazilian States	Top 10 with +24 years
+9 Years average term					customer services
* Note 1: combined financial figures are LTM 2Q21 of JSL, Fadel, Transmoreno, Rodomeu and TPC and April/21LTM of Marvel nonaudited in consolidted.			3

INTEGRATED	1	2
LOGISTICS
to the productive process
and transport of the main	Raw Material	Industry
industries that supply Brazil
and abroad.

Main Services

3

Cargo Transportation

4

5

5

Warehouse	Mini stores and	Final client
	warehouses

Reverse logistics

6

Waste transportation

1

23

4

5

6

Raw material

• Raw material loading and transport
• Industries supply

Industry	Cargo
◼ Internal movement of goods	transportation
◼ Inventory management	◼ Freight transport
◼ Milk run	◼ Cross docking
	Dried, refrigerated, frozen,
	container, stork, tank etc.

Warehosing	Last mile
◼ Storage, separation and	◼ Supply of dry and
management of stocks.	refrigerated retail (B2B)
	◼ E-commerce (B2C)

Waste collection

• Waste transport to landfills

4

2Q21 RESULTS

NET REVENUE (R$ mm)

			1,791									Asset Sales		Services
1,275
												868		922
			1,756
						582
1,207
			889									903
							550		853
	69						30
			35
							31				15			20
1H20	1H21	2Q19
	2Q20				1Q21			2Q21

Figures on this page include Fadel, Transmoreno and TPC ,since their acquisition dates.

NET INCOME (R$ mm) AND MARGIN (%)

			Net Income		Net Margin
	7.6%				10.1%
			4.8%
		-0.3%		R$ 44,8
-0.5%	136	-2.8%
			4,8%
					93
				42
(6,9)		(2,1)	(16,3)
1H20	1H21	2Q19	2Q20	1Q21	2Q21

FREE CASH FLOW

R$ 12,3 mm

After growth

Cash flow before growth R$ 114,1 mm

ROIC (%)

13.4%

2Q21 LTM ex-goodwill

EBIT (R$ mm) AND EBIT MARGIN¹ (%)

EBIT Margin

	13.7%				17.2%
	10.1%		9.8%
6.3%		4.8%	R$ 91,6
240
				9,8%
					155
76		74	27	84
1H20	1H21	2Q19	2Q20	1Q21	2Q21

EBITDA (R$ mm) AND EBITDA MARGIN¹ (%)

			EBITDA		Margin
	19.4%				23.5%
16.0%	17.8%	14.9%	15.0%
	R$ 133,3
340
				14,6%
192					212
	131
		82	128
1H20	1H21	2Q19	2Q20	1Q21	2Q21

Notae: (1) EBIT and EBITDA Margins as a percentage of Net revenue from services. The doted line represents the Margin with the non-recurring itens.	5