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S SANTOS BRASIL EARNINGS RELEASE 3Q21 SANTOS BRASIL REPORTS EBITDA OF R $ 152 MILLION , WITH MARGIN OF 38.3 % São Paulo , November 9 , 2021 - The quarterly financial information ( ITR ) and standardized financial statements ( DFP ) are presented in accordance with the accounting practices adopted in Brazil , in compliance with the provisions of the Brazilian Corporations Law , International Financial Reporting Standards ( IFRS ) and the standards issued by the Accounting Pronouncements Committee ( CPC ) . OPERATIONAL AND FINANCIAL PERFORMANCE ( summary table ) R $ million , except when specified 3Q21 3Q20 A ( % ) 9M21 9M20 A ( % ) Port Terminals - quay operations ( no . of containers ) 321,448 254,211 26.4 % 979,772 776,257 26.2 % Port Terminals - warehousing ( no . of containers ) 41,145 26,750 53.8 % 124,715 89,305 39.7 % SBLog - warehousing ( no . of containers ) 19,282 10,144 90.1 % 50,076 32,473 54.2 % Vehicle Terminal ( no . of vehicles ) 42,169 38,701 9.0 % 152,447 101,020 50.9 % Net Revenue EBITDA % EBITDA margin Net Income / Loss 396.6 220.3 80.0 % 1,090.6 668.9 63.0 % 152.0 49.7 205.8 % 405.8 38.3 % 22.6 % 15.8 p , p , 37.2 % 130.4 19.5 % 211.2 % 17.7 p , p , 66.6 -5.4 1,333.3 % 157.9 -28.0 -663.9 % Net Debt -717.5 -655.0 Net Debt / Proforma EBITDA LTM -2.04x -7.04x 1 EBITDA of the last 12 months , ex - IFRS 16 . 3Q21 HIGHLIGHTS • Santos Brasil's three port terminals registered container throughput of 321,448 units in 3Q21 ( + 26.4 % YoY ) , despite the challenges in global supply and logistics chains . Logistics bottlenecks in containerized cargo supply and transportation , intensified by resilient demand in most global markets , led to shocks in the supply of ships and containers used to distribute goods , which weighed on potential volume in the quarter . Moreover , given the strong increase in maritime trade on premium routes ( China , USA , and Europe ) , ships were redirected to those markets at the expense of secondary routes , such as South America . • Despite the weaker - than - expected peak season , due to the above factors , Tecon Santos registered container throughput growth of 30.7 % YoY , outpacing throughput growth at the Port of Santos¹ ( 13.5 % YoY ) , led by growth in full import containers ( + 69.1 % YoY ) . • At Tecon Vila do Conde , container throughput grew 11.1 % YoY on strong growth in cabotage cargo ( + 30.3 % YoY ) and good performance of long - haul volumes ( + 3.4 % YoY ) . At Tecon Imbituba , container throughput fell 13.0 % YoY , reflecting lower cabotage volumes . • Regarding the three liquid bulk port terminals in Itaqui , Maranhão state , following the signing of contracts in August , the Company has already submitted the Basic Installation Plan to the port authority ( EMAP ) for analysis and is contracting basic engineering and concept services , which are required for obtaining permits and for registering with the National Petroleum Agency ( ANP ) , the regulator for fuel handling and storage . The Company continues to execute its strategy for starting operations at its 2 brownfield terminals in 2022 , accelerating the existing business plan . • Net Revenue in the quarter was R $ 396.6 million ( + 80.0 % YoY ) , supported by volume growth and better mix in all operating units , as well as higher average ticket , especially at Tecon Santos , due to contractual renegotiations with shipowners . In relation to 3Q19 , a comparison base free of Covid - 19 impacts , Net Revenue advanced by 58.5 % . ⚫ EBITDA came to R $ 152.0 million ( + 205.8 % YoY ) , with EBITDA margin of 38.3 % . Compared to 3Q19 , a period with no Covid - 19 impacts , EBITDA grew 156.3 % . Excluding nonrecurring items , 3Q21 EBITDA was R $ 155.6 million , with EBITDA margin of 39.2 % . The Company recorded Net Income of R $ 66.6 million in 3Q21 , reversing the net loss of R $ 5.5 million in 3Q20 . In 9M21 , Net Income was R $ 157.9 million , representing a substantial turnaround from the net loss in 9M20 . 1 Considering only container volumes . STBP3 NOVO MERCADO BM & FBOVESPA 1 www.ri.santosbrasil.com.br