Page 1

1Q21 Earnings Release ULTRA São Paulo , May 5 , 2021 – Ultrapar Participações S.A. ( " Company " , " Ultra Group " or " Ultrapar " , B3 : UGPA3 / NYSE : UGP ) , a company engaged in the oil & gas chain through Ipiranga , Ultragaz and Ultracargo , specialty chemicals through Oxiteno and retail pharmacy with Extrafarma , today announces its results for the first quarter of 2021 . Net revenues R $ 24 billion Adjusted EBITDA R $ 996 million Net income R $ 137 million Investments R $ 294 million Cash flow from operations R $ 128 million Market cap R $ 24 billion Highlights • • Resilience of Ultrapar's portfolio , with EBITDA growth in all businesses compared to 1Q20 , despite the continuity of the pandemic and the beginning of a new wave of restrictions . Record recurring quarterly results for Ultracargo and Oxiteno , and record for Ultragaz for first quarters . Renewal of the Board of Directors , with the election of three new members , bringing complementary experiences and skills to Ultrapar's strategy and future . Ultracargo's winning bid at the IQI13 area in the port of Itaqui ( MA ) , where it will build a terminal of liquid bulk products with a minimum installed capacity of 79 thousand m³ , consolidating its position in a key port aligned with its strategy of expansion and profitability . Creation of the Sustainability and Corporate Affairs executive position , to accelerate and integrate Ultra Group's efforts and initiatives into a unified agenda with broad visibility , with clearly defined ESG goals to be disclosed in 2021 . First event of the Ultra Series - Meet Ultrapar's Leaders , with Décio Amaral , CEO of Ultracargo , to detail business growth opportunities and initiatives for productivity gains . The series of events aims to promote more transparency and greater exposure of the strategy , the perspectives and the business executives to the capital markets . UGPAS UGP NOVO IBOVESPA MERCADO NYSE IBRX 50 = IBRX IVBX 2 IGC IGC - NM ITAG ICO2 FTSE4Good