Log In Logística Intermodal S A : 4Q23 Earnings Presentation

P r e s e n t ati on

Earnings 4Q23

MARCH, 7, 2024

Disclaimer

The forward-looking statements contained herein are subject to risks and uncertainties and may be altered due to, among other factors, market behavior, Brazil's economic and political situation, the logistics industry, international markets and legal and regulatory changes. Said forward-looking statements are entirely based on Management's expectations of the Company's future performance and are not guarantees of results and creation of value for Log-In's shareholders. As such, this information should not be considered as an investment recommendation. Potential investors

should conduct their own analysis and evaluations. In addition, these

forward-looking statements are not necessarily updated and should only be considered on the dates when they were made. Also, third-party information is their sole responsibility.

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CORPORATE STRATEGY

VISION

ACHIEVEMENT 4Q23

Shipping

• Door-to-doorlogistics;
• Focus on conversion from road transport;
• Integrated service and monitoring platform and app, and proprietary technology;
• Diversification in the customer base and expansion in the operational area.
• Historical NOR record and volume handled in the Feeder service with R$ 81.1 million and 82.9 thousand TEUs, respectively;
• Growth in Cabotage revenue (+14%) due to better cargo mix and pricing strategy;
• Delivery of the new vessel Log-In Evolution*.

TVV & Logistic

Solutions

• Gain relevance as the main port terminal in the region;
• Multipurpose and multi-cargo;
• Offers customized logistics solutions (3PL);
• Increased operating efficiency.
• Historical record for container volumes handled at TVV, 60.4 thousand boxes;
• Historical NOR record of TVV, R$ 93.8 million;
• Highest adjusted EBITDA of TVV, R$44.4 million, for a fourth quarter.

Road Cargo

Transportation

• Specialized in the transportation of parceled cargo;
• Penetration in most Brazilian cities from the South to the Northeast;
• Evolution in Tecmar's integration plan with a focus on operating efficiency.
• Tecmar and Log-In with joint operations handling 1,086 TEUs in 4Q23;
• Tecmar recorded the best Net Promoter Score (NPS) for on-time delivery;
• Ongoing expansion project with a total value of R$66 million;
• Tecmar won the ABRALOG Award in the multimodality category.

ESG and Capital

Structure

• Reduction of greenhouse gas emissions;
• Relationship with surrounding communities;
• Health and Safety of employees and third parties;
• Governance, integrity, ethics and anti- corruption practices.
• 2nd issuance of commercial paper in November/2023 in the amount of R$ 275 million;
• Recertification by Great Place to Work Brazil as a great place to work;
• Increase in the CDP (Carbon Disclosure Project) score to B;
• Installation of the ESG Committee.

3	* Subsequent event to 4Q23.	4

HIGHLIGHTS

Results 4Q23	Results 2023
Net Revenue	Net Revenue
R$601.5 MM	R$2,338.6 MM
+ 9.9% *	+ 13.1% *
Adjusted EBITDA	Adjusted EBITDA
R$101.0 MM	R$583.9MM
- 38.6% *	- 2.2% *
Adjusted EBITDA Margin	Adjusted EBITDA Margin
16.8 %	25.0 %
- 13.3 p.p. *	- 3.9 p.p. *

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* Versus 4Q22 and 2022 adjusted.

Historical record in the period

4Q23

• NOR of Coastal Shipping, R$ 350.7 million, benefited by the better cargo mix and pricing strategy in Cabotage, growth in volumes handled in Feeder;
• Historical NOR record of TVV, R$ 93.8 million, aligned with the record in the container volumes handled, 60.4 thousand boxes;
• NOR of Road Cargo Transport benefited by new contracts, container transport operation (Santos project) and better mix of cargo and customers, despite the drought in the Amazon River;
• Increase in the cost structure of Coastal Shipping due to the entry into operation of 2 additional vessels (Log-In Discovery and MSC Belmonte) in 2023;
• In Coastal Shipping, EBITDA and margins decreased due to the impact of the drought in the Northern region and cyclones in the Southern region. In the Mercosur region, the crisis in Argentina continues to have a negative impact.

CONSOLIDATED RESULT

Ebitda 2023 (Conciliation)

R$ Million

- 2.2%

	2023	2022	2023 x
	2022
Adjusted
Ebitda	25.0%	28.9%	- 3.9 p.p.
Margin

• Drought in the Northern region and rain in the Southern region: transshipment, storage and additional calls at ports with higher tariffs in the North; and insurance coverage was provided for cargo damage due to prolonged storage beyond the estimated in the South;
• Crisis in Argentina;
• Increase in the cost structure due to the operation of two additional vessels (Log-
  5 In Discovery and MSC Belmonte).

• 4Q22 had an impact resulting from the reversal of Tecmar's operating contingencies in the amount of R$25.8 million, positively impacting the result and explaining the variation. In addition to the impact described above, in 2022, there was a statute of limitations of the non- materialized contingencies relating to the negative goodwill on the acquisition of Tecmar Transportes, in the amount of R$19.6 million, positively impacting the result and explaining the annual variation.

Historical record in the period

COASTAL SHIPPING

Results 4Q23

4Q23

2023

4Q23

		Adjusted	Adjusted
Volume	Net Revenue	EBITDA
EBITDA
		Margin

132.8 K TEUs	R$ 350.7 MM	R$ 61.8 MM	17.6%
+ 17.8%	+ 7.1%	- 47.2%	- 18.2 p.p.
472.1 K TEUs	R$ 1,375,2 MM	R$ 424.2 MM	30.8%
+ 6.81%	+ 6.6%	- 4.9%	- 3.8 p.p.

• Cabotage volumes were impacted by the drought in the Northern region and rain in the Southern region, leading to operational service interruptions and omissions of calls, respectively. In Feeder services, there was record handling of 82.9 thousand TEUs, mainly due to cargo from international shipowners. In the Mercosur region, the crisis in Argentina continues to have a negative impact;
• NOR benefited from the better cargo mix and pricing strategy in Cabotage, as well as growth in Feeder volumes;
• Decrease in adjusted EBITDA and EBITDA margin related to the increased cost structure due to the entry into operation of 2 vessels (Log-In Discovery and MSC Belmonte) in 2023, in addition to

6 costs associated to the weather conditions faced.

NEW VESSELS

LOG-IN EVOLUTION

• Delivered in Zhoushan (China) on 01/05/2024. Started time charter operation in Shanghai on 01/10/24;
• Nominal capacity of 3,158 TEUs. 25% higher than the Log-In Polaris in effective capacity, with the same bunker consumption;
• The most modern vessel in the fleet, with features that will allow greater fuel savings, lower costs and increased operational safety, helping to reduce pollutant emissions per TEU transported, in line with our ESG agenda;
• It started its operation covering the docking of the Log-In Discovery. After this period, it will be dedicated to Cabotage services, bringing more capacity and efficiency to Log-In's operations and to national logistics.

Log-In Evolution - Rio de Janeiro on 02/20/2024

Watch the video of the

delivery of Log-In

Evolution

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LOG-IN EXPERIENCE

• Nominal capacity of 3,158 TEUs (same project as Log-In Evolution);
• Currently in the finishing phase at the Chinese shipyard Zhoushan Changhong International Shipyard Co;
• Sea race planned for May, 2024;
• Delivery scheduled for June, 2024;
• The allocation of the vessel is under evaluation.

Log-In Experience - China: finishing and quayside tests on 02/22/2024

VILA VELHA TERMINAL

Results 4Q23

4Q23

2023

4Q23

Container	General Cargo	Net Revenue	Adjusted
Volumes	Volumes	EBITDA

60.4 K	216.9 K Tons	R$93.8 MM	R$44.4	MM
+ 48.0%	+ 18.7%	+ 19.9%	+ 21.2%
188.4 K	874.3 K Tons	R$350.7 MM	R$169	MM
+ 15.4%	- 8.9%	+ 9.9%	+ 12.9%

• Historical record in container volumes handled, mainly due to the increase in the import of flat rack container vehicles and export of the new coffee harvest;
• Growth of 18.7% in the general cargo handled, with emphasis on steel products (pipes and rails for offshore industry), granite (blocks) and bulk cargo;
• Historical NOR record in line with the record in container volume, contractual adjustments and better mix of cargo handled (full x empty);
• Highest adjusted EBITDA for a fourth quarter, positively impacted by record NOR, R$93.8 million, and container volume handled, 60.4 thousand boxes.

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Historical record in the period

ROAD CARGO TRANSPORTATION

Results (Tecmar + Oliva Pinto)

4Q23

2023

	Adjusted	Adjusted
Net Revenue	EBITDA
	EBITDA	Margin

R$ 144.0 MM	R$ 10.0 MM	6.9%
+ 11.9%	- 20.0%	- 2.8 p.p.
R$ 553.4 MM	R$ 49.5 MM	9.0%
+ 35.9%	+ 76.1%	+ 2.0 p.p.

• NOR positively impacted by the start of new contracts, container transport operation in the Santos project and the improved mix of cargo and customers, despite the negative impact of the drought in the Amazon River. In addition, Oliva Pinto was included in the results only as of 1Q23;
• Reduction in adjusted EBITDA and margin due to weather conditions and cost pressure from increased freight with third parties;
• Record in operations with parceled cargo handled by Log-In and Tecmar, in partnership, with 1,086 TEU in 4Q23, due to process optimization and continuous work to identify synergies between businesses.

9	Historical record in the period

EXPANSION PROJECT Tecmar and Oliva Pinto

PROJECT IN THE AMOUNT OF R$ 66.2 MM

82	100
Trucks	container trailers 40'/20'

To serve the markets of: Santa Catarina (SC) Suape (PE) Santos (SP) Manaus (AM)

Start: February 2024

Estimated completion: March 2024

Entrega

BENEFITS

• Opportunity to increase the Group's synergy, enhancing Tecmar's results and increasing its participation as a Log-In supplier in the transport of containerized cargo;
• Euro 6 technology of the trucks allows a reduction in CO2 emissions as well as fuel consumption savings.

Coleta

Log-In operation

Tecmar operation

Oliva Pinto operation	Santos Project
Tecmar distribution center

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