Vittia Annual Report 2022

VITTIA Message from the CEO GRI 2-22 66 More than 50 years ago, Vittia became part of the Brazilian producer's history. A strong partnership, which translates into constant commitment, responsibility, and success. リ The year 2022 was really challenging, but I believe that we achieved satisfactory results. During the year, we had the outbreak of the War in Ukraine with its developments and consequences -, weather events, logistical challenges, economic and tax issues, in short, a series of factors that, in some way, impacted agricultural activity. Even so, we had very positive performance and results. We were able to create conditions, seize opportunities and seek solutions to problems and situations that arose. The fundamental thing is that, during the year, we firmly followed the strategy we had outlined, of combining continuous improvements in production, storage and distribution, improvements in management and processes, as well as the refinement of our financial discipline and our internal controls, with the focus on strengthening commercial relationships with our customers (rural producers, resellers, and cooperatives), thus achieving adequate results in a sustainable manner. We ended the year with net revenue of BRL851.2 million (+9.3% over 2021), adjusted EBITDA of BRL217.9 million (+23.8% over 2021), net income of BRL147.5 million (+36.9% over 2021), investment in CAPEX of BRL61.3 million (+17.6% over 2021) and investment in research, development, and innovation (RD&I) of BRL25.8 million (+ 57.5% over 2021). The conflict between Ukraine and Russia created a complex scenario with great impacts and challenges. One of the consequences was the global fertilizer supply crisis. However, this panorama opened up a field of possibilities. Inoculants, one of our main product lines, enhance the biological fixation process of nutrients. Considering that the conflict Annual Report 2022 VITTIA 06

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