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4Q20 EARNINGS RELEASE 0 São Paulo , February 10 , 2021 - TOTVS S.A. ( B3 : TOTS3 ) , leader in the development of business solutions in Brazil , announces today its results for the Fourth Quarter of 2020 ( 4Q20 ) . The Company's consolidated financial statements were prepared in accordance with the accounting practices adopted in Brazil , which are in line with the International Financial Reporting Standards ( IFRS ) . Financial and Operational Highlights In R $ thousand Net Revenue Adjusted Consolidated EBITDA 4Q20 4Q19 A 3Q20 A 2020 2019 A 689,494 579,292 164,389 118,279 19.0 % 39.0 % 677,766 161,422 Adjusted Consolidated EBITDA Margin 23.8 % 20.4 % 340 bp 23.8 % 1.7 % 1.8 % 0 bp Cash Earnings ( 1 ) 101,934 75,122 35.7 % 96,790 5.3 % 2,596,077 590,011 22.7 % 337,548 2,282,124 13.8 % 469,742 20.6 % 25.6 % 210 bp 268,484 25.7 % Cash Earnings Margin 14.8 % 13.0 % 180 bp 14.3 % 50 bp 13.0 % 11.8 % 120 bp ( i ) Net Income without the effects of expenses with amortization of intangibles arising from acquisitions Recurring Revenue : R $ 1,954.1 million ( + 13.0 % vs. 2019 ) . ARR : historical record of R $ 80.6 million in organic net addition ( + 35.0 % vs. 4Q19 and + 42.2 % vs. 3Q20 ) Adjusted EBITDA Margin - Technology : +210 basis points versus 2019 Supplier : highest historical credit production in 4Q20 Supplier : 37.4 % ROE with the new Fintech model ESG Agenda : disclosure of the Sustainability Policy CONFERENCE CALL - PORTUGUESE : Feb. 11 , 2021 , 11:00 a.m. ( BRT ) Webcast : click here . Phone : +55 11 3181-8565 or +55 11 4210-1803 ( access - TOTVS ) . Replay : +55 ( 11 ) 3193-1012 or +55 ( 11 ) 2820-4012 ( access - 7935507 # ) until Feb. 17 , 2021 or on the ri.totvs.com.br website CONFERENCE CALL - ENGLISH ( Simultaneous Translation ) : Feb. 2nd , 2021 , 11:00 a.m. ( BRT ) Webcast : click here . Phone : US Toll Free +1 844 204-8942 | International +1 412 717-9627 | Brazil +55 11 4210-1803 or +55 11 3181-8565 ( access - TOTVS ) . Replay : +55 ( 11 ) 3193-1012 or +55 ( 11 ) 2820-4012 ( access - 8917528 # ) until Feb. 17 , 2021 or on the ri.totvs.com website TOTS3 NOVO MERCADO SUSPROVESPA IBOVESPA Actes com Governance IGCIBRX 50 Indie MLCX > TOTVS IR CONTACTS Tel .: +55 ( 11 ) 2099-7773 +55 ( 11 ) 2099-7097 +55 ( 11 ) 2099-7089 ri.totvs.com.br ri@totvs.com.br