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Earnings Release Cosan S.A | 3rd Quarter of 2021 São Paulo , November 12 , 2021 · COSAN S.A. ( B3 : CSAN3 ) ( NYSE : CSAN ) announces today its results for the third quarter ( July , August , and September ) of 2021 ( 3Q21 ) . The results are presented on a consolidated basis , in conformity with the accounting practices adopted in Brazil and the international standards ( IFRS ) . The comparisons made in this report consider the 3Q21 and 3Q20 , except when otherwise indicated . Raízen Highlights of 3Q21 Cosan presented record adjusted pro forma EBITDA of R $ 3.4 billion ( + 7 % ) , driven by operating results expansion , reflecting the resumption of economic activity . Net income for the quarter registered R $ 3.3 billion , considering all extraordinary effects , the highest net result in the Company's history . Renewables reached adjusted EBITDA of R $ 1.8 billion ( + 63 % ) , reflecting higher ethanol prices . Sugar delivered adjusted EBITDA of R $ 603 million ( -21 % ) , due to the drop of sugar production and sales in the quarter . Marketing & Services presented adjusted EBITDA ( Brazil + Argentina ) of R $ 917 million ( + 1 % ) , driven by the resumption of demand for fuels in both countries . Executive Summary - Cosan Pro forma¹ BRL mln Net Revenue Gross profit Adjusted EBITDA² Net Income Adjusted Net Income² Investments³ Cash Generated ( Used ) ¹ Net Debt5 CONFERENCE CALL November 16 , 2021 ( Tuesday ) Portuguese ( simultaneous translation into English ) Time : 11:00 a.m. ( Brasília ) | 09:00 a.m. ( New York ) Compass Gás & Energia reached EBITDA of R $ 871 million ( + 35 % ) , supported by strong expansion in Comgás ' natural gas distributed . HD Webinar EN : click here ( Code 7253 ) HD Webinar BR : click here ( Code 7173 ) US : +1 ( 914 ) 359-2483 BR : +55 ( 11 ) 4935-1146 Moove totaled EBITDA of R $ 157 million ( -12 % ) due to the decrease in volume sold , given the strong comparison basis . Rumo reached EBITDA of R $ 903 million ( -19 % ) , due to the lower transported volumes , affected by the corn crop setback . 3Q21 3Q20 Chg . % 2Q21 Chg . % ( Jul - Sep ) ( Jul - Sep ) 3Q21 / 3Q20 ( Apr - Jun ) 3Q21 / 2Q21 31,016.7 3,224.1 3,441.4 3,264.7 531.0 1,745.2 8,343.3 28,610.4 2.1x 19,509.3 2,914.2 3,226.4 222.9 498.5 1,366.1 2,493.3 27,510.2 59.0 % 10.6 % 6.7 % n / a 6.5 % 27.8 % 3.1x n / a Leverage ( Net Debt / EBITDA LTM ) 6 Note 1 : Considers the consolidation of 50 % of Raízen , also in pro forma basis . Note 2 : Adjusted EBITDA and net income exclude the specific effects incurred in the quarters , detailed on page 7 of this report , including Biosev results . Note 3 : Includes investments in assets derived from contracts with clients at Raízen and Comgás . Note 4 : Generation of Pro forma Free Cash to shareholders , before dividends paid ( Free Cash Flow to Equity ) . 4.0 % -1,0x cosan 25,214.5 2,971.7 3,031.2 942.4 996.6 Note 5 : Includes liabilities with preferred shareholders in subsidiaries until 2Q21 and excludes lease liabilities ( IFRS 16 ) . Note 6 : EBITDA LTM adjusted by the effect of Comgás CCR in the last periods to March 31 , 2020 and by the lease liabilities ( IFRS 16 ) at Raízen . 1,870.6 794.0 27,982.1 2.8x CSAN B3 LISTED NM 23.0 % 8.5 % 13.5 % n / a -46.7 % -6.7 % INVESTOR RELATIONS E - mail : ri@cosan.com.br Phone : +55 11 3897-9797 Website : www.cosan.com.br/en/ n / a 2.2 % -0,7x CSAN LISTED NYSE