Investor Presentaiton

124 FINANCIAL CAPITAL BALANCE SHEET Years ended December 31 (in thousands of Brazilian reais). Liabilities 2021 INTEGRATED ANNUAL REPORT Note Parent Company 2021 Consolidated 2020 2021 2020 Current Assets Note Parent Company 2021 Consolidated 2020 2021 2020 Suppliers 16 Current Financing and borrowings from financial institutions 17.1 739,406 361,646 67,217 743,764 741,373 361,738 74,500 743,764 Cash and cash equivalents 6 Trade accounts receivable 7 1,554,804 1,212,873 1,431,094 959,907 1,555,864 1,213,007 1,438,991 960,058 Tax Financing 17,2 3,092 3,272 3,092 Direct financing 17.3 28,219 28,992 28,219 3,272 28,992 Debentures 17.4 10,215 10,215 Inventories 8 1,143,315 1,216,061 1,154,177 1,216,085 Leases 14 52,809 41,109 52,809 41,109 Taxes recoverable 9 127,132 354,655 127,919 354,661 Social and labor obligations 20 176,210 176,483 176,897 176,568 Income tax and social contribution 9 71,224 44,232 71,224 44,232 Tax liabilities 21 101,669 Financial investments 18.c 16,566 16,413 16,566 16,413 Income tax and social contribution 21 1,778 Derivative financial instruments 18 49,765 23,794 51,079 23,794 Government Subsidies 22 10,845 53,775 1,778 12,375 102,603 53,833 1,792 1,778 10,845 12,375 Prepaid expenses 7,444 10,224 7,803 10,306 Derivative financial instruments 18 44 18,125 44 18,125 Other current assets 17,340 31,496 19,407 32,046 Additional 26.c 5 Total current assets Non-current 4,418,684 3,869,655 4,443,030 3,870,602 Other current liabilities 25 Total current liabilities 58,978 126,204 134,433 1,317,713 1,634,730 5 58,978 126,753 133,476 1,329,147 1,634,008 Long-term receivables Non-current Financial investments 18.c Judicial deposits 23 Taxes recoverable 9 Derivative financial instruments 18 Assets from indemnities Other non-current assets Investments 10 Investment Properties 11 Property, Plant & Equipment 12 Intangible assets 13 Total non-current assets 2,058 3,306 233,582 263,819 439,812 293,008 10,164 59,827 4,635 750,078 277,504 56,119 3,402,810 3,416,539 1,729,144 1,719,364 6,215,655 5,860,857 53,626 4,832 618,591 51,750 54,613 2,058 233,807 263,827 440,068 293,008 10,164 59,827 4,645 750,569 35,943 56,119 3,417,997 3,419,394 1,953,435 1,719,364 6,214,063 5,859,256 3,306 Financing and borrowings from financial institutions 17.1 596,346 618,395 607,238 618,395 Tax Financing 17.2 Direct financing 17.3 13,920 6,621 228,920 187,973 Debentures 17.4 801,494 13,920 228,920 801,494 6,621 187,973 53,626 Leases 14 192,985 153,881 192,985 153,881 4,829 618,596 47,289 54,613 Tax liabilities 21 784 Deferred Income tax and social contribution 24 226,601 Derivative financial instruments 18 Provision for civil, labor and tax risks 23 Other current non-liabilities 25 197,255 8778 221,177 219,110 23,463 37,633 37,701 2,284,338 1,450,214 2,295,658 1,450,282 195,357 8,778 226,601 221,226 24,956 219,110 Total assets The notes are an integral part of the financial statements. 10,634,339 9,730,512 10,657,093 9,729,858 Total non-current liabilities Share capital Equity valuation adjustments Shareholder's equity Capital Reserves Accumulated conversion adjustments Earnings reserves 2,597,656 2,567,941 33,425 27,595 27,595 172 159 159 41,550 (7,541) 41,550 (7,541) 4,408,223, 4,001,420 4,408,223, 4,001,420 (48,738) (39,576) (48,738) (39,576) 95,570 95,570 7,032,288 6,645,568 7,032,288 6,645,568 10,634,339 9,730,512 10,657,093 9,729,858 2,597,656 2,567,941 33,425 172 (-) Treasury Shares Additional dividends proposed Total controlling shareholders' equity Total Liabilities and shareholders' equity The notes are an integral part of the financial statements.

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