Kepler Weber S A : Results Presentation | 3Q23

3Q23 Earnings Videoconference

November,1st.2023	"Market recovery and focus on operational management, resulting in the best
quarter of the year"

DISCLAIMER

This is a supporting document for the earnings videoconference for the third quarter of 2023 of Kepler Weber S/A.

Statements contained herein concerning business prospects, projected results of operations and financial results, and the growth prospects of Kepler Weber are mere projections and, as such, are based exclusively on Management's expectations about the future of business.

Such forward-looking statements substantially depend on the approvals and licenses needed to ratify the projects, market conditions, the performance of the Brazilian economy, the industry and international markets, which makes them subject to change without prior notice.

This performance report includes accounting and non-accounting data, such as operational information, pro forma financial information and projections, which are all based on Management's expectations.

Non-accounting data have not been reviewed by the Company's independent auditors.

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Key Highlights | 3Q23 and 9M23

(in millions of Reais)

Net

Revenues

3Q23 405.6 - 21.4%

against 3Q22

9M231,009.9 - 23.1%

against 9M22

EBITDA

88.3 21.8%

EBITDA Margin

- 43.3%

against 3Q22

219.5 21.7%

Ebitda Margin

- 44.7%

against 9M22

Net Income

66.6 16.4%Net Margin

- 42.4%

against 3Q22

151.2 15.0%

Net Margin

- 43.9%

against 9M22

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Business Areas

Farms

Net Operating Revenues

Performance

	17%
			36%
8%	1%
3Q23	R$145.6

-41.5%

38%

18%

33%R$335.8

6%

(in millions of Reais)

Agribusiness	International	Ports and	Replacement &
Business	Terminals	Services

R$154.2	R$31.3	R$3.2	R$71.3	3Q23
+3.6%	-33.5%	-76.6%	+24.7%	3Q23 x 3Q22

R$349.5

R$79.0

R$63.0

R$182.6

9M23

8%

9M23-33.3%

35%

-32.8%

-37.0%

+221.4%

+25.6% 9M23 x 9M22

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Grain Storage | Domestic Projects

58.1 thousand t	29.6 thousand t	11.8 thousand t
Balsas (MA)	Cambé (PR)	Campo Novo Parecis (MT)
Delivered in July 2023	Delivered in August 2023	Delivered in September 2023
Product: Soy, Corn and Wheat	Product: Soy and Corn	Product: Soy and Corn

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Grain Storage | International Projects

5 thousand t Peru (Lambayeque)

27.5 thousand t

Paraguay (La Paloma)

Delivered in July 2023	Delivered in August	2023
Product: Rice	Product: Corn

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Significant Supplies negotiated in the period

	Farms	Agribusiness	International Business	Ports and Terminals
	(6 proejcts for Medium and Large	(7 projects for Cereal Producers and	(3 projects for Medium and Large	(2 projects for a Cereal Producer)
	farmers)	Cooperatives)	producers)
Value of the	R$78.4 million	R$118.5 million	R$22.6 million	R$51.0 million
order R$

	New projects and expansion of	New projects and expansion of	Expansion of existing projects	Expansion of existing project,
	existing facilities, with a full	supplying conveyors, digital
	existing facilities, with a full	for Storage system
Products	Storage system ( Silos, Dryers,	connection and aeration
Storage system (Silos, Dryers,
	Cleaning Machines,		system.
	Cleaning Machines, Conveyors
	Conveyors)
	and Aeration).

Sector	Grain Storage	Grain Storage	Grain Storage	Ethanol and corn industry
Soy and Corn	Soy, Corn and Rice
	Soy and Corn

Project	03/2024	05/2024	01/2024	07/2024
delivery*

R$270.5 million new orders for 18 strategic projects

* Billings to start in October 2023, until the relevant delivery dates.

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EBITDA | 3Q23 and 9M23

(in millions of Reais)

			R$-67.5 million										R$-177.5 million
			(-43.3%)										(-44.7%)
	155.8					397.0
			72.0												177.9
						88.3				30.2%				219.5
	30.2%											11.5			11.8
		4.7		9,2
	of ROL						21.8%				of ROL							21.7%
								of ROL												of ROL

3Q22	GROSS	SG&A	OTHER	3Q23	9M22	GROSS	SG&A	OTHER	9M23
	INCOME					INCOME

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Investments | CAPEX

Capex Evolution			+70%		3Q23 Investments focused on modernization and
(in millions of Reais)
					53.0	expansion of production capacity.
		+20%
		29.4
		24.9
		31.1
			14.4
11.7	12.0
9.1
7.5

1Q22

2Q22

3Q22

4Q22

1Q23

2Q23

3Q23

9M22

9M23

Portable robot (vehicle)	Collaborative
welding robot

17%18%14%Increase in Manufacturing Capacity

25%

37%	New Products
13%

17%	3Q22	3Q23	18%	9M22	9M23	IT
					6%
		63%	13%			62%	Reforms/Legislation - NRs
							68%
	3%
				2%

25%	9

Cash | 3Q23 Net Cash

Cash

(Gross Balance)

R$320.0

Net Cash

million R$113.0

million

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