Slides
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3Q26 Earnings Release October 29th, 2026
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Disclaimer This presentation was prepared as a supporting document for the conference call on the results of Intelbras S.A. Indústria de Telecomunicação Eletrônica Brasileira (“Intelbras” or “Company”). This presentation should not be considered a complete document and should be analyzed together with the other documents made available by the Company. Any forecasts contained in this document or any statements that may be made during the conference call about future events, business perspectives, among others, constitute mere beliefs and expectations of Intelbras Management, based on information currently available, considering market analysis and economic environment. Such statements involve risks and uncertainties and, therefore, depend on circumstances that may or may not occur. Investors should understand that general economic, industry conditions and other operating factors may affect Intelbras' future performance and lead to results that differ materially from those expressed in such forward-looking statements. The information and opinions contained herein should not be understood as a recommendation to potential investors and no investment decision should be based on the veracity, timeliness and/or completeness of that information or opinions. This material has been updated to the present date and the Company does not undertake to update it with new information and / or future events.
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Agenda 1 Financial Highlights 2 Net Revenue & EBITDA Evolution 3 Consolidated Gross Profit 4 Business Segments Performance 5 Cash Evolution 6 Capex 7 Perspectives
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Highlights 3Q26 Net Revenue (R$ thousand) EBITDA (R$ thousand) Net income (R$ thousand) ROIC (pre-tax) R$ 1,176,541 +4.6%3Q26/3Q25 R$ 170,123 +18.1%3Q26/3Q25 R$ 177,053 +19.7%3Q26/3Q25 20.0% +5.5 p.p3Q26/3Q25 +2.4%3Q26/2Q26 +11.8%3Q26/2Q26 +0.7%3Q26/2Q26 +1.2 p.p3Q26/2Q26
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Highlights 3Q26 Gross Margin 32.7% +1.8p.p 3Q26/3Q25 -0.4p.p 3Q26/2Q26 Net Margin 15.0% +1.9p.p 3Q26/3Q25 +1.3p.p 3Q26/2Q26 EBITDA Margin 14.5% +1.7p.p 3Q26/3Q25 -0.2p.p 3Q26/2Q26
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Net Revenue (R$ thousand)
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EBITDA (R$ thousand)
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EBITDA (R$ thousand) Expenses grew less than revenue growth 18.1% growth supported by gross profit expansion 12.8% 14.5%
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Consolidated Gross Profit Gross profit up 10.7%, 6.1p.p. above revenue growth Price adjustments and a more profitable mix drive margin expansion
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PVA (CPC 12) R$ thousand 3Q25 4Q25 1Q26 2Q26 3Q26 Net Revenue 1,124,689 1,167,975 1,110,638 1,149,034 1,176,541 COGS (777,597) (809,383) (769,603) (768,808) (792,257) Gross Margin 30.9% 30.7% 30.7% 33.1% 32.7% Revenue PVA (26,467) (27,212) (26,786) (25,303) (29,540) COGS PVA 8,148 8,611 7,348 9,371 9,944 Net Revenue ex-PVA 1,151,156 1,195,187 1,137,424 1,174,337 1,206,081 COGS ex-PVA (785,745) (817,994) (776,951) (778,179) (802,201) Gross Margin ex-PVA 31.8% 31.6% 31.7% 33.7% 33.5% Impact -0.9p.p -0.9p.p -1.0p.p -0.6p.p -0.8p.p Stable PVA impact over recent quarters
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» Security • Revenue according to channel sell-out and reflects current market dynamics; • Access controllers stood out, and digital locks accelerated with the new portfolio; • YoY growth in gross profit and margin confirms our ability to pass through price increases. Net Revenue 3Q26 2Q26 ∆% 3Q25 ∆% Security 741,376 690,477 7.4% 702,350 5.6% ICT 257,385 283,473 -9.2% 248,806 3.4% Energy 177,780 175,084 1.5% 173,533 2.4% Business Highlights 63%22% 15% 3Q26
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» ICT • Revenue reflects the discontinuation of the GPON line; • Structured cabling delivered consistent revenue and results above plan; • Gross margin rose QoQ despite rising costs, also supported by the new revenue mix. Net Revenue 3Q26 2Q26 ∆% 3Q25 ∆% Security 741,376 690,477 7.4% 702,350 5.6% ICT 257,385 283,473 -9.2% 248,806 3.4% Energy 177,780 175,084 1.5% 173,533 2.4% Business Highlights 63%22% 15% 3Q26
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Business Highlights Net Revenue 3Q26 2Q26 ∆% 3Q25 ∆% Security 741,376 690,477 7.4% 702,350 5.6% ICT 257,385 283,473 -9.2% 248,806 3.4% Energy 177,780 175,084 1.5% 173,533 2.4% » Energy • Growth resumes after a period of revenue stabilization; • UPS and EV chargers gain relevance in the portfolio; • Gross margin fluctuates as expected, as higher replacement costs flow into average inventory cost. 63%22% 15% 3Q26
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Cash Evolution Further inventory reduction and higher supplier balances Net cash rises to R$ 680,265 thousand, after dividends and amortization
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• Construction of the new industrial plant in Manaus is progressing on schedule; • Continued investment in modernizing and maintaining the operating structure. CAPEX 28 68 75 71 12 35 53 82 9 34 53 62 9 16 26 24 168 203 145 33 71 104 139 18 25 32 38 2 44 8152 236 278 216 45 106 157 221 27 59 85 100 11 60 107 2020 2021 2022 2023 1Q24 6M24 9M24 2024 1Q25 6M25 9M25 2025 1Q26 6M26 9M26 CAPEX Growth (In million R$) Maintenance Expansion
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Perspectives Demand remains challenging in the short term Local and global uncertainties call for caution in 2027 Manaus capex on schedule
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