Investor Presentaiton

Ultrapar Company Highlights - Market Cap - Conglomerate that controls 2nd largest fuel distributor in Brazil Over 5,000 gas stations operating under Ultra's brand name ("franchisees") R$ 12 billion Value Creation Drivers - Formalization driving margins and market share - Auto ownership driving volume growth - Gas stations located in key areas with dominant micro-regional market share - Possible spin-off / divestment from other less attractive businesses DYNAMO Administração de Recursos

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