Investor Presentaiton

Indebtedness The 2019 Net Debt was 17.5% below that recorded in 2018. The Company has been restructuring its financial liabilities, taking strategic measures compatible with the Group structure and business plan. At the end of 2019, the Total Net Debt of the Invepar group, considering the values of Cart and Via 040, was R$ 8.7 billion, about 10% higher than 2018, due to the lower cash scenario. Debt Composition per Indexer TJLP Cash assets and Debts (R$ Millions) Gross Debt Short term Loans and Financing Debentures Long Term Loans and Financing Debentures Cash and cash equivalents Cash and cash equivalents Financial investments Net Debt Adjusted EBITDA¹ Contents Message from the CEO 2018 (9.296,1) 2019 Message from the Board (7.448,0) (2.246,9) -19,9% (687,9) -69,4% (1.264,3) (276,3) -78,2% (982,7) (411,5) -58,1% (7.049,2) (6.760,1) -4,1% (3.297,3) (2.786,0) -15,5% (3.752,0) (3.974,2) 5,9% Financial Performance 1.380,0 914,2 -33,7% 1.109,2 663,8 -40,2% 270,8 250,4 -7,4% Covid-19 About this Report Invepar Invepar Management Economic and Invepar Performance Revenues Costs and Expenses (7.916,1) (6.533,8) -17,5% EBITDA IPCA Net Debt / Adjusted EBITDA' 1.968,0 4,0 1.972,0 0,3% 3,2 -25,0% 36% 38% TR 1. Disregards IFRS impact in relation to construction revenue and costs, results of assets held for sale, discontinued operations and impairment entries. 18% CDI 8% Results Cash Flow and Indebtedness Other Topics Investments and Divestments Credits GRI Index 8,465 Net Debt and Net Debt/Adjusted EBITDA (R$ Million) 7,916 6,534 CP 5.9 5,923 5,157 Amortization Schedule 2019 (R$ Million) 687.9 2021 4.0 3.6 3.3 3.2 2022 850.7 2023 854.5 2015 2016 2017 2018 2019 2024+ Net Debt Net Debt/Adjusted EBITDA 2,315.0 2,740.0 | 119 2019 AR invepar

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