JSL (JSLG3) Investor presentation summary

Historical evolution and transformation

• Over 70 years, the company evolved from a traditional logistics provider to a diversified group with multiple independent companies, expanding through organic growth and strategic acquisitions.

• Major milestones include IPO, relisting, and the creation of specialized subsidiaries in warehousing, digital logistics, and intralogistics.

• The business model shifted to focus on customer-centric solutions, capital allocation efficiency, and operational excellence.

Financial performance and growth

• Gross revenue grew from R$3.3 billion in 3Q20 LTM to R$11.4 billion in 1Q26 LTM, a 25% CAGR.

• EBITDA increased from R$447 million to R$2.0 billion, with margin rising from 17.2% to 20.6%.

• Eight acquisitions since IPO contributed to scale, with net revenue and EBITDA CAGRs of 26% and 33%, respectively.

• ROIC improved from 7.3% to 14.6%, and leverage decreased from 3.1x to 2.8x.

Business model and market positioning

• Maintains absolute leadership in the Brazilian logistics sector, holding 1% of the fragmented market.

• Operates through four independent companies: own fleet, aggregates/third parties, digital, and intralogistics, each with tailored solutions.

• Diversified revenue streams across sectors, services, and geographies, with a strong focus on cross-selling and customer retention.