Armac Locação Logística e Serviços (ARML3) Corporate presentation summary

Business model and value proposition

• Connects fragmented equipment, component and customer markets across resilient Brazilian sectors, simplifying procurement and operations for users.

• Four value pillars: reliable equipment availability, pay-per-use pricing, geographic scale and cost efficiencies; 50+ locations support proximity, while rental prices are at least 30% below customer TCO.

• Operates four business units: Recurring Services, Rental, Forklifts and Terram, supported by centralized capital allocation, shared regional structures, fleet transfers and decentralized management.

Financial performance and markets

• 2Q26 annualized gross revenue was R$2.3bn; operating cash generation was R$0.7bn, Rental & Services EBITDA margin was 54.1%, and adjusted consolidated ROIC was 17.3%.

• Revenue mix by business unit: Recurring Services 43%, Rental 38%, Forklifts 11% and Terram 8%. Rental & Services revenue was 92% fixed-price and 61% from contracts over three years.

• Earthmoving market estimated at R$62bn in 2025 and projected to R$103bn by 2030, driven by infrastructure, agribusiness, mining, urbanization and rental penetration.

• Brazil's used-equipment market TAM estimated at R$21bn, with demand complementary to rental; the forklift market is projected to grow at a 9% CAGR in 2026–29.

Business unit highlights

• Recurring Services: R$1.1bn 2Q26 annualized gross revenue, 57% EBITDA margin, R$4.1bn contract backlog through 2030 and 20% adjusted ROIC.

• Rental: R$790m 2Q26 annualized gross revenue, 56% EBITDA margin, more than 40 sales and service points and 4% adjusted ROIC.

• Forklifts: R$255m 2Q26 annualized gross revenue, 66% EBITDA margin, R$1bn contract backlog through 2030 and 27% adjusted ROIC.

• Terram: R$146m 2Q26 annualized gross revenue, 30% EBITDA margin and 52% adjusted ROIC; serves data centers, logistics warehouses and e-commerce.