Investor Presentaiton

Operating Costs And Expenses Adjusted by Segment Toll Roads Urban Mobility 6% Airports 32% 1 Disregarding holding 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 Adjusted Operating Costs and Expenses increased 8.7% comparing 2019 with 2018. The increase is explained by the Depreciation & Amortization of investments implemented in previous periods and by the higher value of the GRU Airport Variable Grant, proportional to the growth in revenue. Operating costs and expenses include the effects of impairment relating to Via 040 (R$ 197.3 million in 2019), Cart (R$ 80.2 million in 2019) and VLT (R$ 24.0 million in 2018 and R$ 25.8 million in 2019). Intangibles and property, plant and equipment items showing a tendency for recorded costs to be higher than recoverable amounts are reviewed to determine the need for loss recognition to reduce the carrying amount to its realizable amount. In its annual analysis of the corresponding operating and financial performance of its assets, the management identified indicators that could be registered at book value, above the recoverable amount, and therefore were subject to impairment. These assets were impairment tested by comparing the book value with the recoverable amount. Further information can be found in the Company's Financial Statements for the fiscal year ending 2019, available on the Company Investor Relations website: ri.invepar.com.br/en (+) 62% 114 VLT Carioca EBITDA Results Cash Flow and Indebtedness Other Topics Investments and Divestments Credits GRI Index 2019 AR invepar

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