Integrated Report / JSL 2021 slide image

Integrated Report / JSL 2021

CAPEX: REALIZED 2021 AND FORECAST 2022 JSL's investment management follows both business and Capex expansion always linked to future revenue already contracted. It is also linked to the contractual components with its customers and to its commitments to maintaining JSL JSL the average age of the fleet, in compliance with its objectives of market positioning and increasing operational efficiency. Net Capex for 2021 was R$ 749 million, mainly due to the acquisition of trucks USL JSL D GJ5L and mechanical horses, especially for the start of compliance with the new contracts signed, for the expansion of the operation in Paraguay and the beginning in South Africa and for the renewal of the fleet of companies acquired in 2021. Additionally, we had a 51% reduction in the sale of assets that, in part, were kept in operation to temporarily absorb the increase in demand in the segments we operate. In 2022, the forecast is for net Capex to reach R$ 400 to R$ 700 million. The value is mainly linked, with the arrival of new companies, to better negotiations in the purchase of assets and easier access to financing lines; technology, the expansion of the fleet of trucks and machines; investments linked to contractsalready executed and under negotiation,, not including acquisitions; concern for the environment and the efficiency guaranteed to our customers. ROIC UDM 13.5%, ROE 20.5%. R$ 4.1 BILLION OF NEW CONTRACTED REVENUES WITH AN AVERAGE TERM OF 42 MONTHS
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