Investor Presentaiton

1 Labor market indicators reflect the recovery process with a higher degree of formalization, with upturn in real wages Employment and real wages (1) Unemployment Insurance and formal job creation (2) Real wage (YoY % change) 5 4 3 Employment rate (average of last 12 months) Number of insurance beneficiaries, in thousands. 200 59 160 58 2 120 1 57 -2 -3 80 56 40 55 Contributing jobs to Social Security, in thousands. 1500 1450 1400 46.425 54 54 1350 Dec-16 Dec-18 Dec-20 Dec-22 Apr-19 Mar-20 Feb-21 Jan-22 Dec-22 (1) Source: National Institute of Statistics. (2) Source: BPS, Social Protection Bank

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