Bradsaúde (SAUD3) investor relations material

Executive summary

• Revenues reached R$13.4 billion in 1Q26, with consolidated net income of R$1.3 billion and annualized ROAE of 24.8%, reflecting strong growth and scale in the healthcare ecosystem.

• The ecosystem integrates health and dental insurance, hospitals, clinics, diagnostics, and technology, serving over 13 million beneficiaries nationwide.

• Net additions totaled 193,000 in the quarter and 710,000 over the past 12 months, driven by commercial synergies and service expansion.

• Major corporate restructuring completed, merging Bradesco Saúde, Odontoprev, and other assets under Bradsaúde, with the launch of the SAUD3 ticker.

• Celebrated the launch of Bradsaúde's new IR website and new phase, highlighting integration and value generation over 20 years.

Financial highlights

• Revenues reached R$13.4 billion in 1Q26, with net income of R$1.3 billion; Bradesco Saúde contributed 83%, Odontoprev 11%, Atlântica Hospitais 5%, and others 1%.

• Financial assets totaled R$28.6 billion at the end of 1Q26, with financial results of R$875 million.

• Written premiums for 1Q26 were R$13.3 billion, up 8.4% year-over-year; CAGR of 12.1% since 2021.

• Odontoprev net revenue grew at a 15% CAGR since IPO, reaching R$2.4 billion in MAR26.

• Net income for Odontoprev in 1Q26 was R$150.6 million, and for Bradesco Saúde R$914 million.

Outlook and guidance

• Management remains cautious on claims ratio for 2026 due to seasonality, rising frequency, and medical inflation.

• Continued expansion of hospital network with new openings scheduled through 2029, including Santa Lúcia Gama and Albert Einstein Vila Mariana.

• Ongoing investments in technology, digital health, and innovation to enhance customer experience and operational efficiency.

• Focus on sustainable cost management, price discipline, and long-term client retention.