SIMPAR (SIMH3) investor relations material

Executive summary

• Achieved strong EBITDA growth (+14% y/y to R$3.2bn), margin expansion, and lowest leverage in 15 years (2.8x pro forma Net Debt/EBITDA), with gross revenue reaching R$12.2bn (+6% y/y) and net CAPEX down 68% y/y.

• Monetized non-core assets, including the sale of Ciclus Amazônia for R$121mn (45% stake), and completed R$2.9bn in capital increases at SIMPAR, Movida, and Vamos.

• Free cash flow after growth reached R$1.2bn, reversing a negative R$0.9bn in 1Q25, driven by higher EBITDA and improved working capital.

• Disciplined capital allocation and operational efficiency supported by robust liquidity and broad access to capital.

Financial highlights

• Adjusted EBITDA: R$3.2bn (+14.3% y/y), margin 29.2% (+1.9 p.p. y/y); net revenue: R$11.1bn (+6.1% y/y); net CAPEX: R$222mn (-68% y/y), lowest since 2020.

• Adjusted net loss: -R$13mn (vs. +R$8mn in 1Q25), mainly due to higher interest rates.

• Productive ROIC (ex-BBC): 17.7%, highest since disclosure began.

• Free cash flow after growth: R$1.2bn in 1Q26.

• EBITDA margin at 29.2%, EBIT margin at 18.1%, both improved year-over-year.

Outlook and guidance

• 2026 guidance reaffirmed: focus on extracting value from the asset base, disciplined capital allocation, and operational efficiency.

• Vamos targets net CAPEX of R$1.2–1.9bn, consolidated net revenue of R$6.3–6.9bn, and EBITDA of R$3.75–4.0bn.

• Movida 2Q26 net income guidance: R$110–130mn (+78% y/y), ~24% above market consensus.

• Guidance for Automob and other segments remains optimistic, with full optimization expected by 2027.