Kepler Weber (KEPL3) Investor presentation summary

Market position and operational highlights

• Market leader in agricultural storage and infrastructure solutions with presence in 53 countries and over 9,000 active clients, reflecting 3% growth year-to-date as of August 2024.

• Net revenues reached R$1.6 billion (US$331.9 million) for the last twelve months ending September 2024, with a 22.1% EBITDA margin.

• Operates 3 factories and 9 distribution centers in Brazil, managing up to 300 projects simultaneously and achieving a 93% on-time order delivery rate in 2023.

• Over 1,990 connected plants leverage technology for recurring revenue growth.

• Recognized as a Great Place to Work, with 91,501 hours of employee training in 9M24.

Strategic growth drivers and market trends

• Global population growth and rising demand for grains, animal feed, and biofuels drive expansion opportunities.

• Brazil's leadership in food production and exports, with two annual harvests and consistent grain production growth, underpins market strength.

• Increasing grain storage shortfall and need for improved logistics and automation create ongoing demand for solutions.

• Technology-driven solutions and entry into agri-correlated markets expand addressable market and recurring revenue streams.

• Sustained growth in soybean and corn crops supports long-term demand for storage and infrastructure.

Financial performance and capital allocation

• Diversified operations across farms, agribusiness, replacement & services, international business, and ports ensure balanced revenue and profitability.

• Consistent margins with expanding revenue streams; EBITDA margin at 22.1% and net income margin at 16.2% for the latest period.

• Maintains a robust net cash position since 2015, with R$458 million in gross cash and R$163 million in net cash as of September 2024.

• Focus on productivity, automation, and new product development, with R$44.5 million in CapEx over the last twelve months.

• Strong cash generation enables increased dividend capacity, with an 80% payout ratio in 2024.