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rumo EARNINGS RELEASE 3Q21 Curitiba , November 11 , 2021 - RUMO S.A. ( B3 : RAIL3 ) ( " Rumo " ) today announces its results for the third quarter of 2021 ( 3Q21 ) , consisting of July , August , and September . 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 3Q21 and 3Q20 , except when otherwise indicated . Rumo 3Q21 and 9M21 Highlights • • • • The volume transported in 3Q21 was 16.4 billion RTK , 6.7 % lower than in 3Q20 . Corn volume plummeted 26.0 % due to climate problems that resulted in crop failure . This volume drop was partially mitigated by fertilizers , fuels , and containers growth . Rumo gained 17.0 p.p grains market share at the Port of Santos ( SP ) vs. 3Q20 . Considering grains exports from the state of Mato Grosso , market share increased 8.4 p.p. year - over - year . EBITDA reached R $ 903 million , 18.9 % lower than in 3Q20 , on the back of reduced corn volume and margins squeeze due to a transportation mix more concentrated in industrial cargo , with higher variable cost per RTK . Net income in 3Q21 totaled R $ 51 million , driven by the same variables that affected EBITDA in the period . Net debt totaled R $ 9.0 billion in 3Q21 and leverage stood at 2.4x comprehensive debt / adjusted LTM EBITDA . Capex came to R $ 774 million , in line with the investment plan , and considering a review of investments , due to corn crop failure . Summary of financial information 3Q21 16,367 3,095 3Q20 17,547 Chg . % 9M21 9M20 Chg . % ( Amounts in BRL mln ) 4,245 -6.7 % Total transported volume ( millions RTK ) -27.1 % Total volume loaded ( TU ' 000 ) 48,145 46,261 4.1 % 9,596 10,914 -12.1 % 1,350 2,030 -33.5 % Logistics solution volume 3,965 4,773 -16.9 % 1,966 2,053 -4.2 % Net revenue¹ 5,927 5,304 11.7 % ( 1,389 ) ( 1,252 ) 11.0 % Cost of goods sold ( 3,981 ) ( 3,474 ) 14.6 % 576 29.3 % ( 137 ) ( 11 ) 801 -28.1 % Gross profit 1,946 1,830 6.3 % 39.0 % -9.7 p.p. Gross margin ( % ) 32.8 % 34.5 % -1.7 p.p. ( 105 ) 30.3 % Sales , general and administrative expenses ( 368 ) ( 306 ) 20.1 % ( 41 ) -73.4 % Other op . revenues ( expenses ) ( 9 ) 73 > 100 % 8 5 56.0 % Equity pickup 12 11 9.1 % 436 660 -33.9 % Operational profit 1,581 1,608 -1.7 % 467 454 2.8 % Depreciation and amortization 1,350 1,298 4.0 % 903 1,114 -18.9 % EBITDA 2,931 2,907 0.8 % 46.0 % 54.3 % -8.3 p.p. EBITDA margin ( % ) 49.5 % 54.8 % 51 2.6 % 171 -70.4 % Net profit ( loss ) 540 302 -5.3 p.p. 78.8 % 8.3 % -5.8 p.p. Net margin ( % ) 9.1 % 5.7 % 3.4 p.p 774 699 10.8 % Capex 2,753 1,982 38.9 % 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 November 12 , 2021 English * - 2:00 p.m. ( Brasília time ) * With simultaneous translation to Portuguese Phone ( BR ) : +55 ( 11 ) 4090 - 1621 Tel ( US ) : +1 ( 844 ) 204-8942 +1 ( 412 ) 717 9627 Password : RUMO Investor Relations E - mail : ir@rumolog.com Website : ri.rumolog.com RAIL3 NOVO MERCADO BM & FBOVESPA