Slides
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3Q25 Results November 13, 2025
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This Earnings Release is intended to detail the financial and operating results of SIMPAR S.A. in the third quarter of 2025. Some of the statements and considerations contained herein comprise additional unaudited or unreviewed information and are based on the current assumptions and views of the Company's management that may cause actual results, performance and future events to vary materially. Actual results, performance or events may differ materially from those expressed or implied by such statements due to, among other things, general economic conditions in Brazil and other countries, interest rates, inflation and currency exchange rates, changes in laws and regulations, and general competitive factors (on a global, regional or national basis). Accordingly, the Company's management does not accept responsibility for the conformity and accuracy of the additional information not audited or reviewed by the auditors in this report, which should be independently verified and interpreted by shareholders and market professionals, who should make their own analysis and conclusions regarding the results disclosed herein. Disclaimer 2
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Key Highlights – 3Q25 3 Notes: (1) Excludes construction revenue; (2) Adjusted EBITDA and Net Income reconciliation available in the exhibits; (3) Excludes capital employed in operations that have not yet contributed to revenue generation — more details on the slide on ROIC; (4) Includes VAMOS’s Gross Revenue from Asset Sales TOTAL GROSS REVENUE¹ R$ 12.4 bn +5% vs. 3Q24 ADJUSTED EBITDA² R$ 3.1 bn +14% vs. 3Q24 ADJUSTED NET INCOME (LOSS)² -R$ 119 mn VS. R$ 160 mn in 3Q24 3Q25 LTM ROIC 13.9% Productive³ +1.5 p.p. vs. 3Q24 LTM CONSISTENT AND DIVERSIFIED ORGANIC GROWTH INVESTMENT ADJUSTMENT AND STRONGER CASH GENERATION INCREASED OPERATIONAL EFFICIENCY BROAD ACCESS TO CAPITAL SOURCES LEVERAGE REDUCTION YOY 3,5x in 3Q25 vs. 3.7x in 3Q24 Net Debt reduced ~R$828 mn in 3Q25 vs 2Q25 Gross Revenue from Services grew 8%YoY to R$10.2 bn in 3Q25 Strong growth in the Sale of Heavy Assets4 of 82% YoY in 3Q25 MAXIMIZATION OF VALUE CREATION AND DISCIPLINE IN CAPITAL ALLOCATION Adjusted EBITDA Margin¹ grew 2.1 p.p. YoY to 27.5% in 3Q25 EBITDA per Employee increased 25% to R$207 K (3Q25 LTM vs. 3Q24 LTM) Net Capex down 40% YoY to R$1.1 bn in 3Q25 EBITDA 2.4x higher than Net Capex (9M25 annualized) New Funding of +R$0.7 bn in 3Q25 and +R$4.1 bn in Oct/25 for liability management Average cost in 3Q25 and Oct/25 of CDI + 2.2% | Average term of 5.2 years Sale5 of 100% of Ciclus Rio for R$1.1 billion (equity value), in line with SIMPAR 's strategic plan for the active management of a portfolio of independent companies Completion of the transaction is conditional upon satisfaction of conditions precedent RECORDE RECORDE
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4 Actions focused on reducing costs and expenses have led to improvements in operating efficiency indicators Revenue Annualized EBITDA from Services / Net Fixed Assets EBITDA LTM per Employee – R$ thousand • Price adjustments • Contract renegotiations +25% Program to increase efficiency and reduce costs and expenses • Renegotiation with suppliers • Optimization of personnel expenses Revenue Costs and Expenses • Reduction in operating costs • Reduction in administrative expenses PROGRAM TO INCREASE EFFICIENCY AND REDUCE COSTS AND EXPENSES HAS PARTIAL IMPACT ON RESULTS UP TO 3Q25
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Three new business units Notes: (1) Figures adjusted as disclosed by JSL, see exhibits, (2) Calculated on Net Revenue from Services 3Q25 Key Deliveries and Financial Highlights 5 Adjusted EBITDA¹ R$526 mn | +12.8% YoY EBITDA Margin²: 21.2% (+1.3 p.p. YoY) Net Revenue R$2,485 mn | +5.6% YoY Adjusted Net Income¹ R$36 mn | -50.7% YoY Net Margin: 1.4% (-1.6 p.p. YoY) JSL: New structure to maximize agility, operational efficiency, and service excellence to enhance value creation for clients 100% Asset Light 100% Asset Light R$ 2.2 bn Gross Revenue (LTM) R$ 441 mn EBITDA (LTM) 23.1% EBITDA Mg. (LTM) R$ 593 mn Gross Revenue (LTM) R$ 65 mn EBITDA (LTM) 13.5% EBITDA Mg.(LTM) 62% Asset Heavy 38% Asset Light R$ 8.6 bn Gross Revenue (LTM) R$1.4 bn EBITDA (LTM) 19.0% EBITDA Mg.(LTM) Dedicated services with resilient margins and continuous expansion New company to drive consolidation in warehousing and intralogistics New segment aimed at accelerating growth in cargo transportation +R$854 mn in 3Q25 with an average tenor of 62 monthsNEW CONTRACTS OPERATING MARGIN Expansion of EBITDA margin² to 21.2% (+1.3 p.p. YoY), driven by price adjustments and efficiency initiatives (R$240 million in annualized cost reductions) CASH GENERATI ON Cash generation after growth of R$593 mn in 3Q25 (+R$298 mn vs. 2Q25) INVESTMENTS 28% reduction in Net CAPEX YoY, totaling R$63 million in 3Q25, driven by the strategy of greater use of leased assets. PROFITABILITY ROIC Running Rate of 14.6% in 3Q25 Operational efficiency, optimized capital allocation, and cash generation to drive a deleveraging cycle and ongoing sustainable growth Strategic Planning
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3Q25 Key Deliveries and Financial Highlights 6 EBITDA R$1,479 mn | +18.5% YoY EBITDA Margin²: 39.3% (+6.3 p.p. YoY) Net Revenue R$3,766 mn | -0.3% YoY Net Income R$70 mn | -10.5% YoY Net Margin: 1.9% (-0.2 p.p. YoY) New contracts with an average yield of 3.5% p.m. in 3Q25 (vs. 3.2% p.m. YoY)GTF: PREMIUM PRICING Average daily rate up 12% YoY in 3Q25, reaching R$159 (vs. R$142 in 3Q24)RAC: CONTINUOUS PRICE ADJUSTMENTS USED VEHICLES: STABLE EBITDA MARGIN 24.5 k cars sold in 3Q25 with stable EBITDA margin of 1.0% IMPROVED OPERATIONAL EFFICIENCY EBITDA margin 68.8% in RAC¹ and 76.5% in GTF in 3Q25 (vs 64.6% in RAC ¹ and 76.0% in GTF) IMPROVED PERFORMANCE INDICATORS Leverage: 2.7x in 3Q25, the lowest level in the last 5 years ROIC LTM : 14.4% in 3Q25, the highest level in the last 3 years CONTINUOUS IMPROVEMENT OF THE CUSTOMER EXPERIENCE Expansion of the digital experience in physical stores; creation of Movida Pit Stop (Agile and comfortable maintenance solutions), launch of Movida’s new loyalty program, and new operation of the Used Cars store in a car shopping center Movida: ongoing initiatives to enhance customer experience and capture operational efficiency gains Premium service levels driving customer loyalty and acquisition, higher operational efficiency, accuracy in asset management and continued price adjustments to enhance returns ALL-TIME HIGH ALL-TIME HIGH Notes: (1) Includes only Brazilian operations Strategic Planning
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3Q25 Key Deliveries and Financial Highlights 7 EBITDA R$895 mn | +3.7% YoY EBITDA Margin¹: 58.5% (-12.2 p.p. YoY) Net Revenue R$1,529 mn | +25.2% YoY Net Income R$50 mn | -72.7% YoY Net Margin: 3.3% (-11.8 p.p. YoY) New contracts with Average IRR of 21.7% in 3Q25 (vs. 20.3% in 3Q24) and average yield of 2.8% (+0.28 p.p. YoY)RENTAL: CONTRACT PROFITABILITY Record net revenue of R$1,039 mn (+12.0% YoY) and contracted Capex of R$955 mn (+37.8%) Increase in utilization rate to 85.8% in 3Q25 vs.83.9% in 2Q25 RENTAL: RESILIENT DEMAND LEVERAGE REDUCTION 3.27x in 3Q25 vs. 3.4x in 2Q25, driven by positive cash generation from higher utilization, new contracts, and greater Used Asset Sales volumes PROFITABILITY ROIC of 19.2% (3Q25 normalized), with a spread of +8.2 p.p. vs. cost of debt, demonstrating the quality of the business Full focus on optimizing capital allocation — improving utilization rates and reducing inventory — aiming to lower leverage and grow profitability.Strategic Planning VAMOS: Resilient demand in the Rental segment, record in used asset sales and improved operating indicators Notes: (1) Calculated on Net Revenue from Services Reduction of R$332 mn in inventory available for lease or sale in 3Q25 vs. 2Q25 Deployment and sale (R$279 mn + R$304 mn) were 132% higher than the repossessions in the quarter (R$251 mn) Record net revenue of R$395 mn (+87.4% YoY), reflecting the high liquidity and quality of the assets combined with investments in asset preparation, sales teams, and stores INVENTORY REDUCTION: USED VEHICLES: RECORD SALES
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3Q25 Key Deliveries and Financial Highlights 8 Adjusted EBITDA¹ R$144 mn | -5.6% YoY EBITDA Margin: 4.2% (-0.8 p.p. YoY) Net Revenue R$3,465 mn | +11.4% YoY Adjusted Net Income (Loss)¹ (R$66 mn) | vs. R$13 mn in 3Q24 USED LIGHT VEHICLES NEW LIGHT VEHICLES IN RETAIL ANCILLARY REVENUE Reduction from R$1.2 bn in 2Q25 to R$1.0 bn in 3Q25 (-17% YoY), total reduction of R$201 mn TRUCKS AND BUSES Cash Generation: R$170 mn in 3Q25, reflecting working capital discipline Leverage: Reduction to 3.6x in 3Q25 vs. 3.7x in 2Q25 REDUCTION IN PAID INVENTORY LEVELS CASH GENERATION AND DELEVERAGING Start of synergy capture, increased sales, and greater efficiency: Increased same-store used vehicle sales, higher F&I penetration, system and process integration, and reduction of excess inventoryStrategic Planning AUTOMOB: Execution of the strategic plan with cash generation and reduction of paid inventory levels Notes: (1) Figures adjusted as disclosed by AUTOMOB, see exhibits; (2) Sources. Fenabrave and ABLA – Includes direct retail sales: transactions in which the OEM invoices the final customer directly, excluding direct wholesale sales. (3) Source. Fenauto 9.3 K vehicles sold in 3Q25 | Growth of 3.9 p.p. above the market in 3Q25 (+25.5% Automob x +21.6% Market³) 14.2 K vehicles sold in 3Q25 | 9.6 p.p. growth above the market in 3Q25 (+14.3% Automob x +4.0% Market²) 1.8 k vehicles sold in 3Q25 | stable vs. 3Q24 F&I 25% YoY growth in Gross Revenue in 3Q25 | After-sales: 1% YoY growth in Gross Revenue in 3Q25 196 Stores 37 Brands 68 Cities 12 States IMPAIRMENT HEAVY VEHICLES R$105 mn in 3Q25, mainly due to the reassessment of new machinery inventory values in the Agricultural sector
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• Municipal market construction progressing • Expected completion in 1Q26 • Start of operations in September/25 • Net Revenue from Services in 3Q25: R$3.1 mn • 3Q25 EBITDA: R$2.6 mn • Concession agreement signed in September/25 • Start of operations scheduled to 4Q25 CS Infra: A diversified portfolio of concessions is expected to make a strong EBITDA contribution in 2026, with several assets starting full operations in the coming months 9Notes: (1) Based on CS Portos’ Net Revenue guidance for 2026 of R$330 million to R$390 million • Transcerrados II (Contractual Amendment): Expected completion of 2 toll plazas in 4Q25, 1 in 1Q26 and 3 by the end of 2026 • Net Revenue from Services in 3Q25: R$27 mn (+93% vs. 2Q25) • 3Q25 EBITDA: R$15 mn (+96.2% YoY) CONCESSION PRE-OPERATIONAL • Operations have been running since the end of Feb/25, with modernized infrastructure • Completion of the assembly of the 4th silo • Receipt of regulatory licenses (Federal Revenue Service and Vigiagro) • Final stage of dredging works to deepen the berth MODERNIZATION COMPLETED Expected to be fully operational in 4Q25 Average monthly revenue 2026¹: ~R$28 to R$33 mn Gr os do Piau ig a s Rota da Integra o MT-020 / MT-326 • Concession awarded and ratified, pending fulfillment of precedent conditions for contract signing • Start of operations scheduled to 4Q25 ATU-18: ATU-12: Demand Capacity • 2025: 95% of planned investment already committed • 2026: 47% of planned investment already committed • Handling of 11 million tons/year Guidance • EBITDA in 2026 of R$180 - 250 mn Only 17 days of activity in 3Q25
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10 3Q25 Operational Highlights EBITDA R$89 million | +30.1% YoY EBITDA Margin¹ 39.5% (+3.3 p.p.) Efficiency • Cost and expense reduction program implemented throughout 2024 (improvements in leachate treatment, greater efficiency in the use of inputs, and enhancement of processes and teams) Net Revenue from Services R$ 225 million | +19.3% YoY Net Income R$23 mn | +104.7% YoY Net Margin: 10.1% (+4.2 p.p.) 3Q25 Financial Highlights - R$ million Leverage Reduction - Net Debt / EBITDA PEAK LEVERAGE Ciclus Ambiental Leverage - Consolidated Ciclus Rio Leverage 4.9x 3.9x Revenue Increase • Ciclus Rio: Annual adjustment of the main contract in 1Q25 and increase in the volume of biogas sold • Ciclus Amazônia: Annual adjustment of the contract in 3Q25 Ciclus Ambiental: Strong EBITDA growth of 30% YoY reflects the reestablishment of the concession contract’s economic conditions Notes: (1) Excludes Net Construction Revenue. Profitability • ROIC of 15.8% in 3Q25 (+1.0 p.p. QoQ), reflecting operational improvements 4.3x 3.5x
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11 3Q25 Operational Highlights EBITDA R$35 mn | +30.8% YoY EBITDA Margin¹ 26.1% (+5.0 p.p.) Cash Generation • Expansion of 30.8% YoY in 3Q25 , driven by the operational improvements described above and lower operating costs Net Revenue R$187 mn | +23.4% YoY Adjusted Net Loss² -R$20 mn | vs. -R$16 mn in 3Q24 Growth of the Core Segment: Fleet outsourcing with driver services Net Revenue • Growth of 23.4% YoY in 3Q25 explained by the 115.1% growth in Asset Sales (+R$27.8 million) and increase of 5.9% in Net Revenue from Services (+R$7.5 million) Net Income • Loss of R$20 mn in 3Q25 as a result of the increase in average net debt (+41% YoY and +8% QoQ) 3Q25 Financial Highlights - R$ million Notes: (1) Margin over Net Revenue from Services; (2) Excludes non-operating effects in 3Q25: (i) interest of R$45.7 mn (R$30.2 mn net of income tax) in 3Q25 related to t e sale of SIMPAR’s subsidiaries’ s ares t roug a s nthetic forward contract, as disclosed in the market notice released on December 22, 2023. CS Brasil: Mobility and fleet outsourcing with quality service delivery for the public sector and mixed-ownership companies Net Revenue from Services from GTF with driver services - R$ million +66% +22% +17% +15% +2%
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BBC: High-quality credit portfolio, strong collateral, and delinquency below market levels Development of the Multiple Bank New Operations - R$ million Delinquency - 90 days Highlights Revenue from financial intermediation services - R$ million 12 Record in 3Q25 0.66 p.p below the market average +62% • Net Income: − Profit of R$6.1 mn in 3Q25 (compared to -R$1.2 mn in 3Q24) • Loan Portfolio Balance: − R$ 2.1 bn in 3Q25 (+31% vs. 3Q24) • Basel ratio of 12.4% in 3Q25
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Notes: (1) Excludes Construction revenue; (2) Margin on Total Net Revenue excluding Construction revenue Net Revenue¹ (R$ mn) Asset SalesServices EBITDA Margin²EBITDA Adjusted Net Income and Net Margin (R$ million)Adjusted EBIT and EBIT Margin (R$ million) EBIT Margin²EBIT Net Margin²Consolidated Controlling Shareholder Consolidated: Financial Highlights Adjusted EBITDA and EBITDA Margin (R$ million) • Expanding service margin (Efficiency) • Consistent margins in asset sales EBITDA Margin Services (excluding AUTOMOB dealerships) Total¹ Asset Sales Dealerships (AUTOMOB) Consolidated EBITDA Margin Analysis 13 +8% +14% +8% 35 -84 -161 +6%
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494 218 104 63 55 28 -48 Movida Vamos CS Infra JSL Automob Ciclus CS Brasil ‘’’ Note: (1) Does not include acquisitions; (2) Consolidated Net Capex is affected by the sale of intercompany assets Greater value extraction from our operating bases and reduced investment needs 14 Consolidated Quarterly Net CAPEX¹ - R$ bn 3Q25 Net CAPEX¹ by company - R$ million -49% YoY -35% YoY -28% YoY +50% YoY -6% YoY vs. R$20 million in 3Q24 -40% -47% YoY -45% Δ apex Δ Net Revenue from Services Δ EBITDA +11% YoY +42% YoY +4% YoY +11% YoY +19% YoY +6% YoY +15% YoY +4% YoY +236% YoY +13% YoY -6% YoY +30% YoY +31% YoY +19% YoY R$ 1.1 bn Consolidated² -40% YoY +8% YoY +14% YoY
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15 EBITDA / Net CAPEX ¹ EBITDA Net Capex EBITDA / Net CAPEX High cash generation potential from value extraction of established bases and lower investment requirements Note: (1) Excluding acquisitions Maximizing value extraction from established bases +55,000 Employees aligned with our Culture and Values +1,500 Customer Service locations 1.5 mn sqm Warehousing Capacity +346 K Operating Assets Governance 5 Boards of Directors 5 Companies on Novo Mercado +1.4x EBITDA 2.4x above Net Capex (9M25 annualized)
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Notes: (1) For net debt purposes, the Company excludes hedge mark -to-market fluctuations that are allocated in Equity under othe r comprehensive income since they are unrealized market variations and will not exist upon maturity; (2) Includes the book ca sh and available undrawn committed credit lines and floor plan; (3) Excludes the accounting of derivative financial instruments, cash, and BBC funding operations SIMPAR Consolidated: Strong cash position, long-term debt profile and broad access to credit 16 1.2 12.6 Cash fully covers the 2025, 2026, and 2027 maturities 1.0 0.1 0.5 0.40.7 4.1 0.1 0.6 3.4 Period Number Amount Average Cost Term (years) 3Q25 8 issues R$ 0.7 bn CDI + 1.9% 4.8 Oct/25 5 issues R$ 4.1 bn CDI + 2.3% 5.3 Total 13 issues R$ 4.8 bn CDI + 2.2% 5.2 Indebtedness by Company – 3Q25 Net Debt evolution reflects each company’s financial management autonomy and capital needs. Debt Profile and Debt Amortization Schedule - 3Q25³ – R$ bn Capital Market Funding Net Debt Δ QoQ R$ 15.4 bn - 2% R$ 12.0 bn - 3% R$ 5.7 bn - 1% R$1.9 bn - 4% R$ 1.3 bn + 9% R$ 1.1 bn + 5% R$ 0.7 bn + 3% R$ 41.4 bn - 2%Consolidated R$3.2 bn + 8%Holding Accounting cash Available undrawn committed credit lines Available Floor Plan Gross Debt BBC Funding (CDBs) New Funding October/25 Consolidated Cash Position Net Debt (ex-BBC)¹ R$41.4 bn R$14.5 bn Average Term Net Debt 4.0 years Short-term debt coverage2,3 2.0x Amortization Coverage 2027 Cash² AA(bra) local brAA+ local AA+br local
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Notes: (1) For net debt purposes, the Company excludes hedge mark-to-market fluctuations that are allocated to Equity in other comprehensive income since they are unrealized market variations and will not exist at maturity; (2) Excludes intercompany operations; (3) Excludes the accounting of derivative financial instruments SIMPAR Holding: Strong cash position and long-term debt profile 17 Debt Amortization Schedule 3Q25² – R$ bn Cash fully covers maturities until 2030 Net Debt¹ R$3.2 bn Average Term Net Debt 5.7 years Short-term debt coverage² 16.4x R$2.9 bn Cash Amortization Coverage 2030 AA(bra) local brAA+ local AA+br local
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Reduced Leverage Despite the Challenging Economic Scenario Concept: Incurrence¹ | Maximum Threshold: 4.0x Notes: (1) A concept used only for Bond issues where there is no early maturity. However, there are pre-established rules that must be complied with; (2) a concept used for all local issues - if the limit is exceeded, negotiation with creditors would be required to avoid a possible early maturity; (3) Excludes excess capital from Net Debt Consolidated Leverage - as per Covenants Bonds - Net Debt/EBITDA 18 Concept: Maintenance² | Maximum Threshold: 3.5x Local Debts - Net Debt/EBITDA-A Consolidated Leverage - as per Covenants Average Selic Excess Invested Capital Over Time R$ million 2Q25 3Q25 QoQ Automob: Excess paid Inventory 250 200 -20% VAMOS: Capital release driven by the normalization of the utilization rate to 91% 1,322 983 -26% VAMOS: Used vehicles available for sale 659 688 +4% JSL: Assets available for sale 637 414 -35% Excess Invested Capital 2,868 2,286 -19% Release of R$583 mn in excess invested capital
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Optimization of allocated capital and improvement efficiency will contribute to improved profitability 19 Consolidated ROIC 3Q25 LTM ROIC (ex-BBC) ROIC (ex-BBC) +1.5 p.p What is Productive ROIC? Excludes the capital employed in operations that have not yet contributed to our revenue generation and adds t e additional NOPLAT from Vamos’s utilization rate normalization. - = - = • Average productive invested capital (3Q24 vs 3Q25); R$ 42.6 bn • Additional NOPLAT driven by VAMO ’s occupancy rate normalization - R$ 0.2 bn (1) Considers: (i) projects under implementation at JSL (R$1.3 bn in 3Q24 and R$0.9 bn in 3Q25) (ii) excess inventory at Automob (R$0.5 bn in 3Q24 and R$0.2 bn in 3Q25) (iii) invested capital in CS Infra (R$0.8 in 3Q24 and R$1.6 bn in 3Q25) (iv) normalization of VAMOS’s occupanc rate (R$1.4 bn in 3Q24 and R$1.0 bn in 3Q25) (v) used vehicles inventory at VAMOS (R$0.8 bn in 3Q24 and R$0.7 bn in 3Q25)
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2Q20 LTM 3Q25 LTM Corporate Structure Independent Companies 6 8 Listed Companies 3 5 Management CEOs/CFOs 11 14 Governance Boards of Directors 3 5 High-liquidity Assets Fleet (amount) 150 K 346 K Fleet (R$) R$ 8 bn R$ 42 bn Diversification % of EBITDA from JSL 32% 16% Financial Indicators Gross Revenue R$ 11 bn R$ 48 bn EBITDA R$ 2 bn R$ 12 bn EBITDA Margin 22% 27% Net Debt / EBITDA 3.9x 3.5x 20 IMPAR Group’s progress over the five years since the creation of SIMPAR Holding (Aug/20) IMPAR Group’s Progress Fair Pricing - price adjustments in new contracts and disciplined repricing of existing ones Higher asset utilization rate, greater agility in asset deployment and decommissioning, reduced inventory levels, continued cash generation, and strengthened capital structure A new level of efficiency to improve operational and financial indicators, including deleveraging Stronger control over the reduction of operating costs and administrative expenses Higher cash generation and lower investment requirements to create value for shareholders and ensure business sustainability Strategic Planning: Pillars for extracting value from the bases built Five years since the reorganization that led to the creation of SIMPAR: Leadership, scale and solid foundations sustain our value extraction strategy Ongoing organizational progress across our companies – new organizational structure at JSL designed to maximize agility, excellence, and efficiency to create sustainable value for clients and shareholders
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Thank You Very Much
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Q&A Questions and Answers
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23 Exhibit I: Reconciliation of EBITDA, EBIT, and Net Income SIMPAR - Consolidated EBITDA Reconciliation (R$ million) 3Q24 2Q25 3Q25 ▲Y o Y ▲Q o Q Accounting Net Income 125.0 (42.9) (238.0) -290.4% - Loss from discontinued operations - - - - - Financial Result 1,585.7 1,971.9 2,112.8 +33.2% +7.1% Income tax and Social contribution 42.6 (73.2) (77.3) -281.5% - Depreciation and Amortization 833.9 988.8 1,041.9 +24.9% +5.4% Amortization (IFRS 16) 123.5 153.7 153.0 +23.9% -0.4% EBITDA 2,710.7 2,998.2 2,992.5 +10.4% -0.2% JSL - Additional value from acquisitions 8.2 3.7 7.1 - - JSL - Payment of retroactive contingent liability 8.3 - - - - Vamos - Non-recurring reversal provision - (14.8) - - - Automob - Extemporaneous tax credits (3.4) - - - - Automob - Administrative expenses (3.8) - - - - Automob - Adjustment of accounting provisions (0.7) - - - - Automob - Impairment: Taxes and judicial deposits - - 23.9 - - Automob - Impairment: Inventory - (5.6) 71.1 - - Automob - Impairment: Accounts receivable - - 10.5 - - Adjusted EBITDA 2,719.2 2,981.5 3,105.0 +14.2% +4.1% SIMPAR - Consolidated EBIT Reconciliation (R$ million) 3Q24 2Q25 3Q25 ▲Y o Y ▲Q o Q EBIT 1,753.3 1,855.7 1,797.6 +2.5% -3.1% JSL - PPA amortization 15.3 18.8 19.8 - - JSL - Additional value from acquisitions 8.2 3.7 7.1 - - JSL - Payment of retroactive contingent liability 8.3 - - - - Movida - Rio Grande do Sul Impact 4.7 - - - - Vamos - Non-recurring reversal provision - (14.8) - - - Automob - PPA amortization 5.5 8.3 8.7 - - Automob - Extemporaneous tax credits (3.4) - - - - Automob - Administrative expenses (3.8) - - - - Automob - Adjustment of accounting provisions (0.7) - - - - Automob - Impairment: Taxes and judicial deposits - - 23.9 - - Automob - Impairment: Inventory - (5.6) 71.1 - - Automob - Impairment: Accounts receivable - - 10.5 - - Adjusted EBIT 1,787.2 1,866.1 1,938.6 +8.5% +3.9% SIMPAR - Consolidated Net Income Reconciliation (R$ million) 3Q24 2Q25 3Q25 ▲Y o Y ▲Q o Q Accounting Net Income 125.0 (42.9) (238.0) - - JSL - PPA amortization 10.1 12.4 13.1 - - JSL - Additional value from acquisitions 5.4 2.4 4.7 - - JSL - Extemporaneous tax credits - - - - - JSL - Prepayment fee - - - - - JSL - Payment of retroactive contingent liability 13.4 - - - - Movida - Closing of swap contracts 8.8 - - - - Movida - Rio Grande do Sul Impact 3.6 - - - - Vamos - Non-recurring reversal provision - (9.8) - - - Automob - PPA amortization 3.6 5.5 5.7 - - Automob - Extemporaneous tax credits (3.0) - - - - Automob - Administrative expenses (3.8) - - - - Automob - Adjustment of accounting provisions (3.1) - - - - Automob - Impairment: Taxes and judicial deposits - - 13.6 - - Automob - Impairment: Inventory - (3.7) 71.1 - - Automob - Impairment: Accounts receivable - - 10.5 - - Adjusted Net Income 159.9 (36.1) (119.3) - -