Romi S A : Earnings Release

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

Romi S.A.

Report on Review of Individual and

Consolidated Interim Financial Information for the Quarter Ended June 30, 2022

Deloitte Touche Tohmatsu Auditores Independentes Ltda.

Deloitte Touche Tohmatsu

Av. John Dalton, 301 -

1º andar - Techno Plaza Corporate - Edifício 2 - Bloco B

13069-330 - Campinas - SP Brasil

Tel.: + 55 (19) 3707-3000

Fax: + 55 (19) 3707-3001

www.deloitte.com.br

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

REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION

To the Shareholders, Board of Directors and Management of

Romi S.A.

Introduction

We have reviewed the accompanying individual and consolidated interim financial information of Romi S.A. ("Company"), identified as Parent and Consolidated, respectively, included in the Interim Financial Information Form - ITR, for the quarter ended June 30, 2022, which comprises the individual and consolidated balance sheet as at June 30, 2022 and the related individual and consolidated statements of profit and loss and of comprehensive income for the three- and six-month periods then ended, and the individual and consolidated statements of changes in equity and of cash flows for the six-month period then ended, including the explanatory notes.

Management 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 Interim Financial Information (ITR) referred to above is not prepared, in all material respects, in accordance with technical pronouncement CPC 21 (R1) and international standard IAS 34, applicable to the preparation of Interim Financial Information - ITR, and presented in accordance with the standards issued by the Brazilian Securities and Exchange Commission (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.

Other matters

Statements of value added

The interim financial information referred to above includes the individual and consolidated statements of value added - DVA for the six-month period ended June 30, 2022, prepared under the responsibility of the Company's Management and presented as supplemental information for international standard IAS 34 purposes. These statements were subject to the review procedures performed together with the review of the Interim Financial Information - ITR to reach a conclusion on whether they are reconciled with the interim financial information and the accounting records, as applicable, and whether their form and content are in accordance 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 these statements of value added were not prepared, in all material respects, in accordance with the criteria defined in such standard 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.

Campinas, July 19, 2022

DELOITTE TOUCHE TOHMATSU	Paulo de Tarso Pereira Jr.
Auditores Independentes Ltda.	Engagement Partner

2022CA015856 PA
© 2022. For information, contact Deloitte Global.	2

ROMI S.A.

BALANCE SHEETS

QUARTERS ENDED JUNE 30

(In thousands of Brazilian reais - R$)

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

€ 123,024.00

€ 131,200.00

						Parent				Consolidated
	Note			June 30,		December 31,		June 30,		December 31,
ASSETS				2022		2021		2022		2021
CURRENT ASSETS
Cash and cash equivalents	3		25,789	28,047	89,609	99,911
Short-term investments	3		42,537	74,786	42,537	74,786
Trade accounts receivable	4		168,462	123,874	241,373	237,952
Onlending of FINAME - manufacturer financing	5		152,741	152,775	152,741	152,775
Inventories	6		499,707	431,176	645,892	536,699
Related parties	8		43,237	53,303	-	-
Taxes recoverable	9		25,162	40,337	35,315	48,935
Other receivables			13,975		6,833		22,236		13,224
				971,610	911,131	1,229,703	1,164,282
NONCURRENT ASSETS
Trade accounts receivable	4		10,664	13,439	19,152	20,714
Onlending of FINAME - manufacturer financing	5		203,865	218,866	203,865	218,866
Related parties	8		36,174	51,473	-	-
Taxes recoverable	9		73,207	70,466	73,213	70,472
Deferred income tax and social contribution	16		13,825	9,599	21,198	10,557
Judicial deposits	15		12,163	12,097	12,163	12,097
Other receivables			6,482		5,932		6,961		6,498
				356,380		381,872		336,552		339,204
Investments in subsidiaries	7		160,380	191,012	-	-
Property, plant and equipment	11		313,144	275,200	388,875	370,348
Investment property	10		13,500	13,500	16,579	16,621
Intangible assets	12		896		945		53,073		64,065
				844,300		862,529		795,079		790,238

						Parent				Consolidated
	Note			June 30,		December 31,		June 30,		December 31,
LIABILITIES AND EQUITY				2022		2021		2022		2021
CURRENT LIABILITIES
Borrowings	13		61,221	70,541	72,097	70,732
FINAME manufacturer financing	14		142,329	142,830	142,329	142,830
Trade accounts payable			152,829	115,340	175,612	129,391
Payroll and related taxes			37,105	37,882	47,513	46,062
Taxes payable			9,702	7,086	18,616	21,246
Advances from customers			47,288	53,046	120,290	103,997
Profit sharing			2,983	7,680	2,983	7,680
Dividends and interest on capital			21,407	17,983	21,418	18,191
Provision for tax, labor and civil risks	15		2,349	1,445	2,349	1,445
Other payables			8,429	5,020	30,102	34,579
Related parties	8		2,811		3,096		-		-
				488,453	461,949	633,309	576,153
NONCURRENT LIABILITIES
Borrowings	13		148,342	117,868	180,986	149,499
FINAME manufacturer financing	14		199,924	219,104	199,924	219,104
Provision for tax, labor and civil risks	15		283	347	283	347
Other payables			41	15	2,109	3,095
Provision for equity deficit of subsidiaries	7		7,788	11,089	-	-
Deferred income tax and social contribution	16		-		-		35,399		41,361
				356,378		348,423		418,701		413,406
TOTAL LIABILITIES			844,831	810,372	1,052,010	989,559
EQUITY
Capital	17		637,756	637,756	637,756	637,756
Earnings reserve			262,496	233,695	262,496	233,695
Carrying value adjustment			70,827		91,837		70,827		91,837
				971,079	963,288	971,079	963,288

								NONCONTROLLING INTERESTS	-		-		1,693		1,673
								TOTAL EQUITY	971,079		963,288		972,772		964,961
TOTAL ASSETS	1,815,910	1,773,660	2,024,782		1,954,520 TOTAL LIABILITIES AND EQUITY	1,815,910	1,773,660	2,024,782	1,954,520

The accompanying notes are an integral part of these financial statements.

ROMI S.A.

STATEMENTS OF PROFIT AND LOSS

QUARTERS ENDED JUNE 30

(In thousands of Brazilian reais - R$, except for earnings per share expressed in Brazilian reais)

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

							Parent
	Current		Accumulated		Same		Accumulated
	quarter		current year		quarter prior		prior year
	2022	2022	2021	2021
Operations
Net operating revenue	319,096	578,967	275,006	473,294
Cost of sales and services	(233,488)		(416,919)		(184,748)		(313,919)
Gross profit	85,608	162,048	90,258	159,375
Operating income (expenses)
Selling	(20,241)	(36,846)	(15,341)	(28,233)
General and administrative	(10,952)	(21,343)	(8,510)	(16,884)
Research and development	(7,745)	(14,669)	(6,953)	(13,167)
Management profit sharing and fees	(3,499)	(6,900)	(4,148)	(7,091)
Equity in earnings of subsidiaries	(1,152)	(9,407)	335	(9,726)
Other operating income (expenses), net	686		1,712		851		893
	(42,903)		(87,453)		(33,766)		(74,208)
Operating profit	42,705	74,595	56,492	85,167
Finance income (costs)
Finance income	2,846	5,938	2,418	4,475
Finance costs	(3,168)	(5,228)	(2,668)	(6,057)
Foreign exchange gains (losses), net	(1,854)		6,718		2,384		4,457
	(2,176)		7,428		2,134		2,875
Profit before taxation	40,529		82,023		58,626		88,042
Income tax and social contribution	(7,649)	(18,754)	(15,890)	(24,636)
Current	(9,984)	(22,980)	(11,913)	(17,588)
Deferred	2,335		4,226		(3,977)		(7,048)
Profit for the períod	32,880		63,269		42,736		63,406
	-19%	-23%	-27%	-28%

Basic earnings per share in reais - R$	0.45	0.86	0.58	0.86

The accompanying notes are an integral part of these financial statements.