Randon SA Implementos e Participações (RAPT4) investor relations material

Executive summary

• Diversified business model with five verticals and operations in over 125 countries, focusing on innovation, sustainability, and global expansion.

• Revenue diversification and resilience in non-OEM sectors helped offset market downturns, with restructuring and cost-cutting measures implemented.

• CEO transition announced, with confidence in ongoing synergies and long-term growth trajectory.

• Strategic priorities include aftermarket growth, internationalization, and disruptive technologies such as electric mobility and nanotechnology.

• ESG commitments: 40% reduction in greenhouse gas emissions by 2030, zero landfill waste by 2025, and doubling women in leadership by 2025.

Financial highlights

• 2Q25 consolidated net revenue reached R$3.3B, up 10.5% year-over-year, driven by international aftermarket expansion despite domestic declines.

• Adjusted EBITDA was R$364M (11.0% margin), down from 12.8% in 2Q24, with net loss of R$34.9M versus net income of R$87M in 2Q24.

• International market revenue grew 77.2% year-over-year to US$197.6M, now 33.9% of total net revenue.

• ROIC for the last 12 months was 8.0%, down 72 bps YoY; ROE at 6.1%.

• Net leverage (ex-Randon Bank) rose to 3.88x from 1.57x YoY, reflecting recent acquisitions.

Outlook and guidance

• 2025 guidance: consolidated net revenue R$12–13.5B, international market revenue US$800–850M, EBITDA margin 12–14%, investments R$400–460M.

• Guidance revised downward, reflecting market headwinds and a more cautious outlook.

• Market recovery expected to be gradual, with continued focus on cost discipline, deleveraging, and synergy capture from acquisitions.

• Leverage targeted below 3x by year-end, supported by capital market actions and working capital improvements.

• Second half of 2025 anticipated to remain challenging, especially in commercial vehicles and agribusiness.