Fras-le (FRAS3) Investor presentation summary

Business model and footprint

• Automotive aftermarket ecosystem with 33,000+ SKUs, 24 brands, operations in 6 countries and reach in 125+ countries.

• Global footprint includes 13 industrial plants, 12 distribution centers, 5 business offices and 2 technology and development centers.

• 92% of 9M26 net revenue was tied to the independent aftermarket; portfolio spans friction, braking, ride and comfort, powertrain and other products.

Investment thesis and market opportunity

• Revenue is supported by recurring maintenance demand, safety-critical replacement parts, brand strength, broad fleet coverage and geographic diversification.

• Global vehicle fleet totals 1.6B; Brazil's fleet grew at a 1.3% CAGR in 2016–25 while average age rose from 9.2 to 11 years.

• Brazil represented 45.8% of 9M26 revenue, Mexico 26.5%, North America 8.4% and Asia-Pacific 3.3%; international markets accounted for 54% of revenue.

Growth strategy

• Expansion cycles have focused on aftermarket and portfolio growth, internationalization, strategic capacity, innovation and acquisition synergies, with conservative leverage.

• Net revenue rose from R$1,366m in 2019 to R$5,491m in 2025; 2025 EBITDA was R$992m at an 18.1% margin.

• Cycle 3 targets global relevance through organic growth, market-share gains, portfolio expansion, Dacomsa integration and disciplined M&A; ROIC is the anchor metric.