Investor Presentaiton

Brazil is underpenetrated in most of household appliances 63,1% Dishwashers 2,5% 2,3% 1,9% 0,4% Automatic washing machines Fridge freezers Mini ovens Source: Euromonitor (Household Penetration, 2015) 81,4% 80,7% 54,6% 50,9% 45,5% 84,9% 61,9% 55,5% Microwaves 30,0% 29,1% 102,1% 79,1% 52,6% 49,0% 45,8% 154,6% Coffee machines 29,7% 25,7% 15,2% 13,1% 47,1% 21,0% 7,6% 2,8% 0,7% O 32 32

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