Grupo Vamos (VAMO3) investor relations material

Strategic positioning and business model

• Market leader in heavy vehicle leasing in Brazil, offering integrated solutions for buying, leasing, and selling trucks, machinery, and equipment.

• Diversified business units: leasing, used asset sales, and manufacturing/customization of road implements.

• Unique business cycle with asset purchases at discounts, long-term leasing contracts, and strong used asset sales network.

• Focus on fleet renewal and innovation, serving multiple sectors including logistics, agribusiness, construction, and e-commerce.

• Broad geographic coverage and digital presence, with 23 stores and over 80 third-party sales locations.

Financial performance and growth

• Consolidated net revenue reached R$6.6 billion in 2025, with a CAGR of 33.1% since 2022.

• EBITDA grew to R$3.9 billion in 2025, with a CAGR of 19.0%, and net income doubled in nine months, maintaining double-digit sequential growth.

• Used asset sales revenue grew 84.7% YoY, with a 30% increase in sales volume and 11% in revenue.

• Record leased fleet of ~54,000 assets, with occupancy rates reaching 90% and best levels since 2020.

• Contracted revenues backlog remains robust at R$13 billion, supporting future cash flow predictability.

Operational efficiency and capital management

• Inventory of new and used assets reduced to lowest levels since 2022, optimizing turnover and aligning mix with fleet profile.

• Net capex efficiency improved as used asset sales offset new asset purchases, reducing capital requirements.

• Leverage decreased to 3.0x by June 2026, with strong liquidity and average net debt term of 4 years.

• Private capital increase of R$600 million and BNDESPAR's entry as a shareholder strengthened the capital structure.

• Rigorous contract and collection management led to lowest repossession levels since 3Q23 and diversified asset recovery.