Investor Presentaiton

36 Brazil Macroeconomic Data 16% 12% 8% 4% 0% hull. -4% -8% -12% Interest Rate Source: IHS Markit, May 2020 CPI Inflation 2017 2018 Unemployment 2019E GDP Growth GDP Composition 21% 5% 74% Services Industry Agriculture Source: Brazilian Institute of Geography and Statistics (IBGE), 2017

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