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[ B ] 3 Webcast : BRASIL BOLSA BALCÃO CONFERENCE CALL ( ENGLISH ) 10 a.m. ( Brasília ) / 8 a.m. ( NYC ) Brazil : +55 ( 11 ) 3181-8565 +55 ( 11 ) 4210-1803 U.S. Toll Free : +1 ( 844 ) 204-8942 U.S. Dial - In : +1 ( 412 ) 717-9627 Password : B3 4Q20 https://choruscall.com.br/b3/4q20.htm Webcast : PUBLIC DIGITAL MEETING ( PORTUGUESE ) 11 a.m. ( Brasília ) / 9 a.m. ( NYC ) Brazil : +55 ( 11 ) 3181-8565 +55 ( 11 ) 4210-1803 U.S. Toll Free : +1 ( 844 ) 204-8942 U.S. Dial - In : +1 ( 412 ) 717-9627 Password : B3 https://choruscall.com.br/b3/4t20.htm https : // ri h3 com hr / en / B3 ANNOUNCES RESULTS FOR THE FOURTH QUARTER OF 2020 São Paulo , March 4 , 2021 – B3 S.A. – Brasil , Bolsa , Balcão ( " B3 " or " Company " ; ticker : B3SA3 reports today its fourth quarter ( 4Q20 ) earnings . Total revenues reached R $ 2,537.7 million , a 44.3 % increase over the same period of the previous year ( 4Q19 ) , while recurring EBITDA totaled R $ 1,728.9 million , up by 46.5 % year - over year ( yoy ) . The Company's recurring net income¹ totaled R $ 1,159.6 million . MESSAGE FROM B3'S MANAGEMENT 2020 will go down as one of the most challenging periods in history , with the spread of Covid - 19 causing deep impacts on the economy and society . In 4Q20 there were still concerns regarding how and when the pandemic would be completely overcome , however , progress on immunization tests in Brazil and around the world brought relative optimism to the economic recovery , which reflected in the capital , credit , and vehicle markets . The return of the foreign capital into Brazilian equities represented a net inflow of R $ 62.9 billion in this segment . In the quarter , the sale of financed vehicles grew by 16.9 % when compared to the previous quarter ( 3Q20 ) . Notwithstanding the challenges of the Covid - 19 scenario , we continue to be in an attractive structural environment for the development of the capital markets , with inflation under control and the basic interest rate at 2 % p.a. , its lowest historical level . Companies continue to tap the equities and debt capital markets to raise funds , motivated by the low cost of capital , and by local investors ' willingness to seek alternatives to diversify their portfolios . In 4Q20 , 16 IPOs and follow - ons raised R $ 38.8 billion , 20.5 % more than in 4Q19 . We also observed a recovery in credit activity , especially in the last few months of the year . The volume of new issues of bank funding instruments totaled R $ 3.5 trillion in 4Q20 , growing 40.1 % year - over - year . Our commitment to operational excellence and resilience allowed B3 to handle a much larger volume of transactions with stability in our platforms . This reinforces our position as a robust infrastructure for our customers and the market . B3 will continue to support transformation and growth for the capital market , by offering new products and improving the solutions available to our clients and by honoring the market's confidence in the quality of our infrastructure , especially at this time of market expansion and increased demand . Our main product launches were : in the listed segment i ) automatic exercise of options , ii ) BDRs ; on the OTC market iii ) Energy Platform and , in the Financing segment , iv ) new services on the real estate platform . We also announced a new pricing policy in the cash equities market , whose implementation started through an intermediate model in effect since the beginning of February 2021. The changes adopted in this model aim at supporting the growth of individual investors through the retail brokers and bringing adjustments to the fees of day traders . This is consistent with B3's commitment of sharing with clients the benefits of scale and operating leverage provided by the Company's business model . In 4Q20 we continued to execute on our corporate philanthropy actions focused on mitigating the effects of coronavirus on society , through donations made both by B3 and B3 Social . During 2020 we donated a total of R $ 50 million for health , food , and micro and small business social projects . The high volumes traded on our platforms throughout the year contributed to a solid financial performance and strong cash generation , which totaled R $ 6.1 billion² in the year . Distributions to shareholders reached R $ 6.2 billion through dividends ( R $ 4.1 billion ) , interest on capital ( R $ 1.2 billion ) , and share repurchase ( R $ 0.9 billion ) . In line with our objective of having an adequate capital structure for the Company , we ended the year with gross debt of approximately R $ 7.0 billion , equivalent to 1.1x recurring EBITDA . During the year , we diversified our sources of funding , tapping the market through bank loans ( in Brazil and abroad ) , local bonds ( debentures ) , and a recent transaction of R $ 200 million in Real Estate Receivables Certificates ( CRI ) . Income statement summary : ( in R $ millions ) Total revenues Net revenues Expenses Financial result Net income Adjusted expenses Recurring EBITDA EBITDA margin ( recurring ) Recurring net income Guidances for 2021 : 4Q20 2,537.7 2,280.3 ( 722.5 ) 63.5 1,097.3 ( 341.7 ) 1,728.9 78.7 % 1,159.6 4Q19 1,758.2 1,578.7 ( 656.6 ) 36.0 732.9 ( 311.8 ) 1,179.9 74.7 % 864.5 4Q20 / 4Q19 ( % ) 44.3 % 44.4 % 10.0 % 1 Reconciliation on page 6 . 2 Cash flow NERAS¦μÝß¼¦¯vPHBLIC INFORMATION : tioris , adju 76.4 % 49.7 % 9.6 % 46.5 % 396bps 34.1 % 3Q20 2,535.5 2,288.8 ( 648.5 ) ( 26.4 ) 1,136.5 B3 announced its guidances for 2021 , according to the Material fact disclosed on December 10 , 2020 • Indebtedness ( YE21 ) : up to 1.5x Gross Debt / recurring EBITDA for the last 12 months ( 1.1x in Dec / 20 ) • Capital expenditures : R $ 420 - R $ 460 million ( R $ 423 million in 2020 ) ; • Revenue - linked expenses : R $ 225 - R $ 265 million ( R $ 192 million in 2020 ) ; • Adjusted expenses : R $ 1,225 - R $ 1,275 million ( R $ 1,175 million in 2020 ) ; • Depreciation and amortization : R $ 1,060 - R $ 1,110 million ( R $ 1,041 million in 2020 ) ; and ● Distributions to shareholders : 120 % - 150 % of corporate net income ( 150 % in 2020 ) . for the variation in financial investments and collateral for operations . ( 283.8 ) 1,665.7 79.2 % 1,143.2 4Q20 / 3Q20 ( % ) 0.1 % -0.4 % 11.4 % -3.4 % 20.4 % 3.8 % -53 bps 1.4 %