SIMPAR S A : 2Q23 Results Presentation

2Q23 Results

August 11, 2023

2

2Q23: Financial Highlights

Strong operating performance at subsidiaries, with record Revenue and EBITDA generation

Record EBITDA of R$ 2.3 bn in 2Q23, up 33% year-on-year

RECORD	RECORD	RECORD
GROSS REVENUE	NET REVENUE FROM SERVICES	EBITDA¹

R$ 8.4bn

R$33.6 bn

Annualized

vs. 2Q22	R$6.0bn
42%

46%	R$ 2.3bn 33%
vs. 2Q22	vs. 2Q22

R$ 8.0 bn

LTM

NET INCOME¹

R$ 100mn 53% vs. 2Q22

LEVERAGE		NET CAPEX	LTM ROIC
(Net Debt/EBITDA)
3.7x			vs. 2Q22	R$ 580mn	vs. 2Q22	30.3 %		vs. 2Q22
			0.1x		84%			16.5 p.p.
3.4x						13.2%
Normalized²				Normalized³

Note: (1) Non-recurring positive impact of R$254.8 mn on EBITDA and R$168.1 mn on Net Income in 2Q23 as a result of the accounting of the bargain purchase by JSL in the acquisition of IC Transportes; (2) Includes VAMOS follow-on proceeds of R$1.3 bn and adjusts VAMOS' working capital related to the early asset purchase of R$948 mn; (3) Uses an effective tax rate of 24% and adds the amount of tax subsidy to NOPLAT

3

POSITIONING: Development of solid business foundations for new levels of results

and long-term value creation

Context last triennium: Jul/20 to Jun/23

• COVID-19,inflation and rapid interest rate hike from 2.0% p.a. to 13.75% p.a.
• Opportunities for sustainable growth in a challenging environment, especially in long-termcontracts
• We continue with robust investments in 2020, 2021 and 2022, in line with the strategic plan defined by the Boards of Directors
• Solid foundations: Well-positioned businesses with long- term competitive advantages
• People committed to our Culture and Values, with focus and determination, is key to transforming our scale and operational results

Current scenario

• Deployment of acquired operational assets and focus on operational efficiency and excellence
• First interest rate cut since Aug/20 (-0.50 p.p. in Aug/23), with a forecast of 3.75 p.p. cut by 2025 ²

Operating Profit from Services (ex-seminovos) Grows 5x in the last three years (Jul/20 to Jun/23)

EBIT vs. Selic

R$ mn and %

+5x

Notes: (1) Taking into account the Selic rate at the end of each quarter; (2) Taking into account the current Selic rate of 13.25% and the value projected by Itaú for the end of 2025, which is 9.50%. (https://www.itau.com.br/itaubba-pt/analises-economicas/projeções)

4

JSL: Consistent evolution, strategic acquisitions, quality pricing and discipline in capital allocation consolidate JSL at a new level of results

Gross Revenue Combined - R$ mn

FSJ Logistics Acquisition¹

133%	16	300 million
CAGR 2019-2022	Cities served	Gross Revenue²

• Road transportation of full truckloads, with a strong presence in retail and e-commerce
• Value potential: (EV/EBITDA)

Synergies: 2% of Gross Revenue³

3.0x 2.6x

Main Customers

			+22%
			CAGR
			2Q23 LTM - 2020
			+13%
			CAGR
			2Q23 LTM - 2020
Transformation in numbers
	IPO	Current
	2020	2Q23 LTM	∆ 23 vs. 20
Companies #	1	9	+800%
Fleet # thousand	13K	23K	+77%
Net Revenue R$ mn	2,827	6,690	+137%
Adjusted EBITDA.4 R$ mn	432	1,283	+197%
Adj. EBITDA Margin	15%	19%	+4 p.p.
Adj. Net Income 4 R$ mn	41	225	+448%
Net Capex R$ mn	154	1,495	+871%

Notes: (1) Transaction announced on July 17, 2023, subject to customary closing conditions and conditions precedent, including CADE; (2) Unaudited figures for the last twelve months ended March 2023; (3) Exercise based on synergy potential already demonstrated in previous acquisitions, excluding growth; (4) Excludes the positive impact of R$254.8 million in EBITDA and R$168.1 million in Net Income in 2Q23 resulting from the bargain purchase in the acquisition of IC Transportes

5

Movida: Fleet mix adequacy and focus on efficiency lead to improved results and profitability, maximizing value creation

Net Revenue - R$ mn		EBITDA - R$ mn
			Growth in EBITDA from services (Rental)
			outpaces normalization of used vehicle sales

2Q23 Highlights

• RAC - Downsizing the fleet
• Fleet downsizing: 8.9k vehicles in 2Q23 versus 1Q23 | 21k vehicles in 6M23
• Capital release:
• • ~R$ 608 mn in 2Q23
  • ~R$1.7 bn in 6M23
• Efficiency and Productivity
• +6.0 p.p . in total occupancy rate in RAC vs 2Q22 (70.7% in 2Q23)
• Improved asset turnover:
• • Deployment term: down 27.4%
  • Demobilization term: down 26.3%

77%

23%

Transformation in numbers

	IPO
	2017
Fleet # thousand	76K
Stores#	241
Net Revenue R$ mn	2,402
EBITDA R$ mn	326
EBITDA Margin	14%
Net Income R$ mn	66
Net Capex R$ mn	637

90%89%

10%

11%

Current

2Q23 LTM	∆ 23 vs. 17
204 K	+169%

344+43%

10,345 +331%

3,549 +988%

34%	+21 p.p.

115+75%

942+48%