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Investor Presentaiton

At MetrôRio, staff costs increased due to the collective bargaining agreement and the increase in health care expenses. At Lamsa, staff costs also increased due to the greater volume of highway interventions. The lower Conservation & Maintenance expenses in 2019 are explained, to a large extent, by a series of contractual reviews and renegotiations of varied types of services at GRU Airport, such as waste treatment and collection, cleaning and conservation, maintenance of equipment, air conditioning devices, baggage belts and the electrical system. There was an increase in MetrôRio costs due to higher expenditure on preventive and corrective maintenance of rolling stock, with the beginning of C2 services, carried out when the train covers 960 thousand kilometers. Changes in Adjusted Costs and Expenses (R$ Million) 1,099.5 (9.7) (39.1) 100.5 33.1 1,184.3 2018 Personnel Conservation and Maintenance Operational Administrative Expenses 2019 Contents Message from the CEO Message from the Board Covid-19 About this Report Invepar Invepar Management Economic and Financial Performance Invepar Performance Revenues Costs and Expenses EBITDA Results MetrôRio trains | Cash Flow and Indebtedness Other Topics Investments and Divestments Credits GRI Index 113 2019 AR invepar
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