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rumo EARNINGS RELEASE 1Q21 Curitiba , May 13 , 2021 - RUMO S.A. ( B3 : RAIL3 ) ( " Rumo ” ) today announces its results for the first quarter of 2021 ( 1Q21 ) , consisting of January , February and March . The results are presented on a consolidated basis , in accordance with Brazilian and international accounting rules ( IFRS ) . The comparisons made in this report take into account 1Q21 and 1Q20 , except when otherwise indicated . • • • • Rumo 1Q21 Highlights The volume transported in 1Q21 was 13.9 billion RTK , 12.8 % above 1Q20 , on the back of the 16.4 % increase in North Operation volume , despite the delay in the entry of the soybean harvest . EBITDA reached R $ 832 million , 44.2 % above 1Q20 , reflecting volume growth and 5.9 % tariff increase . As a result , EBITDA margin reached 47.7 % , an expansion of 7.2 p.p. Net income was R $ 175 million , compared to a loss of R $ 274 million in 1Q20 , influenced by EBITDA growth and lower financial expenses resulting from MtM gains with derivatives , due to the advanced payment of 2024 Senior Notes . As a result of the prepayment of 2024 Senior Notes , gross debt decreased to R $ 13.6 billion , -16.7 % compared to 4Q20 . Net debt reached R $ 8.1 billion and leverage stood at 2.0x comprehensive net debt / adjusted LTM EBITDA . Capex reached R $ 937 million , in line with the investment plan , enabling the entry of Central Network into operation , whose capex reached R $ 365 million in the quarter . Summary of financial information ( Amounts in BRL mln ) Total transported volume ( millions RTK ) Total volume loaded ( TU ' 000 ) Logistics solution volume Net revenue¹ Cost of goods sold 1Q21 1Q20 Chg . % 13,873 12,297 12.8 % 2,864 2,545 12.5 % 1,078 1,146 -5.9 % 1,746 1,424 22.6 % ( 1,219 ) ( 1,071 ) 13.8 % Gross profit 527 352 49.6 % Gross margin ( % ) 30.2 % 24.8 % 5.4 p.p Sales , general and administrative expenses ( 108 ) ( 105 ) 3.2 % Other op . revenues ( expenses ) ( 16 ) ( 92 ) -83.0 % Equity pickup 1 2 -41.7 % Operational profit 405 158 > 100 % Depreciation and amortization 428 419 2.0 % EBITDA 832 577 44.2 % EBITDA margin ( % ) 47.7 % 40.5 % 7.2 p.p Net profit ( loss ) Net margin ( % ) 175 10.0 % ( 274 ) -19.2 % > 100 % 29.2 p.p Capex 937 561 67.0 % Note 1 : Includes revenue from the right of way of other railways , revenue from sugar transportation using other railways or road transportation and revenue from volumes contracted but not executed according to commercial agreements ( take or pay ) . Earnings Conference Call May 14 , 2021 English * - 2:00 pm ( Brasília time ) * With simultaneous translation to Portuguese Phone : +55 11 3181 8565 +55 11 4210 1803 Phone ( US ) : +1 412 717 9627 +1 844 204 8942 Password : RUMO Investor Relations Email : ir@rumolog.com Website : ir.rumolog.com RAIL3 NOVO MERCADO BM & FBOVESPA