Page 1

[ B ] Webcast : 3 CONFERENCE CALL ( English ) 10:00 a.m. ( Brasília ) / 9:00 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 1.htm BRASIL BOLSA BALCÃO https://choruscall.com.br/b3/2q2 2Q21 Webcast : CONFERENCE CALL ( Portuguese ) 11:00 a.m. ( Brasília ) / 10:00 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 1.htm https://choruscall.com.br/b3/2t2 https://ri.b3.com.br B3 ANNOUNCES RESULTS FOR THE SECOND QUARTER OF 2021 São Paulo , August 11 , 2021 - B3 S.A. - Brasil , Bolsa , Balcão ( " B3 " or " Company " ; ticker B3SA3 ) reports today its second quarter ( 2Q21 ) earnings . Total revenues reached R $ 2,675.8 million , a 25.7 % increase over the same period of the previous year , while recurring EBITDA totaled R $ 1,853.3 million , up by 30.6 % . The Company's recurring net income¹ totaled R $ 1,231.0 million . MESSAGE FROM B3'S MANAGEMENT In 2021 , capital markets continued to show strong activity , presenting growth both in equity funding , which amounted to R $ 46.4 billion , with 13 IPOs and 10 follow - ons , and in new fixed - income issues . The number of individual investors in the equities market increased by 8.9 % in the period , reaching 3.2 million individuals . In the equities segment , ADTV amounted to R $ 33.1 billion , up by 17.1 % compared to 2020 , and 10.0 % down against 1Q21 , as a result of lower market volatility compared to earlier this year . In our infrastructure for financing unit , the number of financed vehicles increased by 71.0 % and 6.1 % compared to 2Q20 and 1Q21 respectively . In June , we launched a new interface in the Investor Electronic Channel ( CEI ) , a platform that gathers information on individuals ' investments in the markets that we operate , providing a renewed user experience , more aligned to investors ' needs . This launch comes in the back of several other initiatives targeted at individuals , such as new educational trails published in our Education Hub , in line with our purpose of encouraging financial education and stimulating the growth of our investor base in a sensible and sustainable way . In line with our strategy to be a customer - oriented and innovative company , in April we launched a new feature in our OTC platform ( NoMe ) that offers simplified interfaces and usability , catering to the demands of new players of the financial market , which are more dynamic and require agile solutions . We also continued to deliver our roadmap of products and operational improvements in all business segments . The highlights this quarter were : in the listed segment ( i ) automatic exercise of options , ( ii ) cryptocurrency ETFs , ( iii ) back - office automations for judicial asset freezing ; in OTC ( iv ) integration with Portal de Documentos for CPRS ( agriculture funding instruments ) , ( v ) Sinacor integrations for post - trading of sovereign bonds ; and in new growth verticals ( vi ) inclusion of new insurance segments in our registry platform , in compliance with Susep Circular 624 . In order to support our accelerated pace of new product launches and business expansion , we reviewed our guidance for adjusted operating expenses for the year by roughly 5 % . Also , in July we announced the investment in Dimensa ( former " TFS - TOTVS Financial Services " ) , a leading back - office software solutions company for financial service companies controlled by TOTVS . This investment , which is still subject to regulatory approvals , amounts to R $ 600 million , and is part of our strategy to expand our presence in areas adjacent to our core business and aims at strengthening our relationship with clients in our ecosystem . In May we issued R $ 3.0 billion debentures in the local market , reaching a gross debt to recurring EBITDA of 1.4x . The maintenance of high volumes in our platforms contributed to our strong financial performance in the second quarter . Revenues totaled R $ 2.7 billion , in line with 1Q21 , and 26 % higher than in 2Q20 . Our operating leverage and expenses discipline contributed for a 30.6 % growth in recurring EBITDA , which reached R $ 1.9 billion . In 2Q21 , following the recommendation of our legal advisors , we reviewed the risk classification of one of our legal contingencies from remote to possible . The discussion involving B3's predecessor BM & F dates back to the January 1999 devaluation of the Real , and relates to alleged transactions performed by the Central Bank of Brazil in the dollar FX futures market ( more details on Note 11.f.ii of the financial statements ) . As per current accounting rules , no provisions are required for this case . ( In R $ millions ) Total revenues Net revenues Expenses Financial result Net income Adjusted expenses Recurring EBITDA ● 2Q21 2,675.8 2,417.7 ( 749.3 ) 132.1 1,193.3 ( 324.4 ) 1,853.3 80.9 % 1,231.0 ● 2Q20 2,129.1 1,908.3 ( 733.4 ) ( 11.4 ) 891.8 ( 275.3 ) 1,419.2 74.4 % 1,012.0 2Q21 / 2Q20 ( % ) 25.7 % 26.7 % 2.2 % -1257.7 % 33.8 % 17.9 % 30.6 % 658 bps 21.6 % 1Q21 2Q21 / 1Q21 ( % ) 2,667.6 2,396.7 ( 661.2 ) ( 43.8 ) 1,256.0 ( 291.7 ) 1,946.3 83.1 % 1,336.1 EBITDA margin ( recurring ) Recurring net income Guidance for 2021 : REAFFIRMED : ( i ) Leverage ( up to 1.5x Gross Debt / recurring LTM EBITDA ) , ( ii ) capex ( R $ 420-460 million ) , ( iii ) revenue - linked expenses ( R $ 225-265 million ) , ( iv ) D & A ( R $ 1,060-1,110 million ) , and ( v ) payout ( 120-150 % of accounting net income ) . 0.3 % 0.9 % 13.3 % -401.2 % -5.0 % INFORMAÇÃO PÚBLICA - PUBLIC INFORMATION 11.2 % -4.8 % -218 bps -7.9 % REVISED : Adjusted operating expenses² budget to R $ 1,295 - 1,345 million ( previously from R $ 1,225 - $ 1,275 million ) ( R $ 1,175 million in 2020 ) . 1 See the conciliation on page 6 2 Expenses adjusted for : ( i ) depreciation and amortization ; ( ii ) expenses related to long - term incentive plans ( compensation ) ; ( iii ) provisions ; ( iv ) revenue - linked expenses and ; ( v ) extraordinary and non - recurring expenses with contract termination as announced in the Notice to the Market dated 04/29/2021 .