Earnings release
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rumo EARNINGS RELEASE 2Q21 Curitiba , August 12 , 2021 – RUMO S.A. ( B3 : RAIL3 ) ( " Rumo ” ) today announces its results for the second quarter of 2021 ( 2Q21 ) , consisting of April , May and June . 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 2Q21 and 2Q20 , except when otherwise indicated . • • . Rumo 2Q21 and 6M21 Highlights The volume transported in 2Q21 was 17.9 billion RTK , 9.1 % above 2Q20 , highlighting the recovered volumes of industrial products and containers , which surged 35.2 % and 32.8 % , respectively . EBITDA reached R $ 1,196 million . Excluding the non - recurring effects of Paulista Network renewal , EBITDA grew by 31.7 % . Net income in 2Q21 totaled R $ 314 million . Excluding the non - recurring effects of Paulista Network renewal , net income increased by nearly R $ 190 million . Net debt totaled R $ 8.2 billion in 2Q21 and leverage stood at 2.1x comprehensive debt / adjusted LTM EBITDA . Capex reached R $ 1,041 million , in line with the investment plan , reflecting a greater concentration of investments in expansion this quarter , especially to make Central Network operational . Summary of financial information 2Q21 2Q20 Chg . % 6M21 6M20 Chg . % ( Amounts in BRL mln ) 17,905 3,637 16,417 4,124 9.1 % Total transported volume ( millions RTK ) -11.8 % Total volume loaded ( TU ' 000 ) 31,778 28,714 10.7 % 6,501 6,668 -2.5 % 1,537 1,596 -3.7 % Logistics solution volume 2,615 2,743 -4.7 % 2,216 1,828 21.2 % Net revenue¹ 3,962 3,252 21.9 % ( 1,373 ) ( 1,151 ) 19.3 % Cost of goods sold ( 2,592 ) ( 2,222 ) 16.6 % 843 677 24.5 % Gross profit 1,370 1,029 33.1 % 38.0 % 37.0 % 1.0 p.p Gross margin ( % ) 34.6 % 31.7 % 2.9 p.p ( 123 ) ( 96 ) 28.1 % Sales , general and administrative expenses ( 231 ) ( 201 ) 14.9 % 18 206 -91.3 % Other op . revenues ( expenses ) 2 114 -98.2 % 3 4 -35.0 % Equity pickup 4 7 -42.9 % 741 791 455 425 1,196 54.0 % 314 14.2 % 1,216 66.5 % -6.4 % Operational profit -1.7 % EBITDA² 1,145 948 20.8 % 7.2 % Depreciation and amortization 883 844 4.6 % 2,028 1,793 13.1 % -12.6 p.p. EBITDA margin ( % ) 51.2 % 55.1 % 405 22.2 % -22.4 % Net profit ( loss ) -8.0 p.p. Net margin ( % ) 489 12.3 % 131 4.0 % -4.0 p.p. > 100 % 8.3 p.p 1,041 722 44.2 % Capex 1,978 1,283 54.1 % 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 ) . Note 2 : Considers the non - recurring effects of Paulista Network renewal , of R $ 348 millin in 2Q20 and R $ 53 million in 2Q21 . Earnings Conference Call August 13 , 2021 English * - 2:00 p.m. ( Brasília time ) * With simultaneous translation to Portuguese Phone ( BR ) : +55 ( 11 ) 4090 – 1621 Phone ( US ) : +1 ( 844 ) 204-8942 +1 ( 412 ) 717 9627 Password : RUMO Investor Relations Email : ir@rumolog.com Website : ri.rumolog.com RAIL3 NOVO MERCADO BM & FBOVESPA