Localiza Rent a Car (RENT3) investor relations material

Executive summary

• Consolidated net revenue reached BRL 12.3 billion in Q2 2026, up 24.5% year-over-year, with strong growth across all business lines and disciplined capital allocation.

• Net income rose 30.6% to BRL 1.0 billion, reflecting commercial excellence and operational efficiency.

• EBITDA reached BRL 3.8 billion (+14.1% YoY), and EBIT BRL 2.3 billion (+15.1% YoY).

• ROIC annualized at 16.1%, with a 6.1pp spread over after-tax cost of debt.

• Seminovos vehicle sales surged 38.9% YoY, with 92,043 vehicles sold, supported by investments in retail capacity and store rebranding.

Financial highlights

• Rental revenues: BRL 5.2 billion (+8.8% YoY); Seminovos revenue: BRL 7.2 billion (+38.9% YoY).

• Net debt: BRL 32.4 billion (+4.2% vs. year-end 2025); cash position: BRL 11.4 billion.

• Net debt to EBITDA: 2.16x; net-to-fleet value ratio: 0.55x.

• EBITDA margin for Car Rental: 67.6% (+1.1pp YoY); Fleet Rental: 75.6% (+4.6pp YoY); consolidated rental margin: 72.9%.

• Average age of operating fleet: 8.2 months (down 24.1% YoY).

Outlook and guidance

• Focus on maintaining net revenue growth in Car Rental and Fleet Rental, and expanding retail sales mix in Seminovos for H2 2026.

• Continued operational efficiency, technology adoption, and disciplined capital allocation.

• Monitoring macroeconomic and automotive industry dynamics for sustainable growth.