Randon S A Implementos e Participações : Notice to the Market - Earnings Presentation 4Q23

Building Tomorrow

4Q23 Earnings Video Conference

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Safe Harbor Statement

This presentation contains forward-looking statements that are subject to risks and uncertainties. These statements are based on Management's beliefs and assumptions, as well as on currently available information.

Forward-looking statements include information on our current intentions, beliefs or expectations, as well as those of the

Company's Board of Directors and Board of Executive Officers.

Forward-looking statements are not performance guarantees, they involve risks, uncertainties and assumptions because they refer to future events and, therefore, depend on circumstances which may or may not occur.

Future results may differ materially from those expressed or suggested by forward-looking statements. Many of the factors which will determine these results and figures are beyond our ability to control or predict.

Randoncorp raises R$ 500 million in financing to boost sustainability initiatives

	Guidance 2024
Consolidated Net	R$ 11.5 ≤ X ≤ R$
Revenue	12.5 billion
International	US$ 420 ≤ X ≤ US$
Market Revenues¹	480 million
EBITDA Margin	14% ≤ X ≤ US$ 16%
Investments²	R$ 430 ≤ X ≤ R$
	490 million

• Values referring to the sum of exports from Brazil and revenues generated by operations abroad, net of intercompany operations

² Amounts related to organic investments

Consolidated Net Revenue (R$ billion)

Guidance 2023

10.5

12.0

10.9

2023

Reduction due to seasonality of the period and impacts of currency devaluation

• Increased aftermarket sales across all industry verticals
• Effects of ERP Upgrade and mandatory vacations
• Negative impacts of the high devaluation of the Argentine Peso

International Market Revenues (US$ mi)

Guidance 2023

520 570

466.7

2023

Lowest level of revenues for the year, especially due to Argentina's economic scenario

• Increase in sales to the U.S. compared to 2022
• Addition of revenues from recently acquired companies
• Strong retraction of the Chilean trailer market
• Decrease in revenues of subsidiaries in Argentina due to currency impact

EBITDA Margin(%)

13 16

	Guidance 2023	11.2	13.7	16.0	16.6
	4Q23	3Q23	2Q23	1Q23

14.4

2023

The highest nominal EBITDA in the Company's history

• Margin recovery in the OEM Vertical
• Raw material costs remained stable
• Negative impact by Argentine scenario
• One-offsbenefited the indicator in the period

Organic Investments (R$ million)

340 370

60.7 63.4 62.9

1Q23

2Q23

3Q23

160.2

4Q23

Guidance 2023

347.2

2023

Important investments to build the Company's future

• OEM Vertical continued to invest in improvements at Hercules and expansion of the line of modular trailers
• Constructions at Castertech Mogi Guaçu in the final phase, to start operations in 1H24
• Industrial automation and Green Boiler project with ESG benefits

Net Indebtedness

(Without Randon Bank)

R$ Million

*Net Debt/EBITDA
1.08 x			1.35 x	1.03 x
	1.68 x	1.53 x
3,305
		2,616	3,034
	2,360	2,325
-1,594		-2,429	-2,121	-1,585
	-2,539
-4,899	-4,899	-4,755	-4,737	-4,619
Dec, 2022	Mar, 2023	Jun, 2023	Sep, 2023	Dec, 2023

Loans		Cash		Consolidated Net Debt (without Randon Bank)