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Investor Presentaiton

RenovaBio | 102-15 | Our Business Model is based on the low-carbon economy. By producing ethanol from sugarcane and clean and renewable electricity from biomass, which enables the reduction of greenhouse gas emissions (GHG), we see Law No. 13,576/2017 as one of the key opportunities for the years ahead regarding RenovaBio. Since 2012 we have taken a series of initiatives ranging from the Public Register of Emissions under the Brazilian GHG Protocol Program (silver level), to the creation of the RenovaCalc manual for calculating our Environmental Energy Efficiency Scores and training for our employees. The 2019/2020 crop year was decisive for guaranteeing the accreditation of all the operating units at Renova Bio. This achievement has required the mobilization and integration of the administrative and operational areas of Atvos. During the offseason, an internal flow was created for the CBIO operations, from the generation of pre-CBIOS, through to booking. With an average energy efficiency score of 60 g CO2/MJ, almost all the sugarcane produced was audited and, as a result, we have the potential to issue over 2 million CBIOs in the 2020/2021 crop year. Bearing in mind the Energy Efficiency Scores (NEEA) and the eligibility of all units, we are authorized to issue an average of one CBIO for every 787 liters of ethanol produced. Atvos is likely to become the main issuer of CBIOS on the domestic market. | 102-7| So, we are ready to contribute to RenovaBio and we have already generated pre-CBIOS referring to sales of ethanol produced by the units at Conquista do Pontal (SP), Eldorado (MS), Santa Luzia (MS) and Rio Claro (GO). Looking ahead, we believe in the success of the program, which is at the forefront of pricing carbon, representing effective action in the fight against global warming. It will drive an energy matrix for cleaner transportation and, consequently, improve the quality of the air in Brazilian cities and the life of society. The initiative aims to foster the expansion of biofuel production and use in the domestic energy matrix while helping Brazil to meet its commitments under the Paris Agreement. Based on the national emission reduction targets, individual targets have been defined for fuel distributors who will have to acquire CBIOS issued by biofuel producers. In the case of clean fuel producers, like Atvos, they can sell CBIOS based on voluntary certification of their production and validation by the ANP. To do so, they will have to inform the quantity of CO2 emitted by their entire production process, from preparation of the soil, to the planting of sugarcane, to the GHG emissions of the fleet used in the chain. Producers receive an energy efficiency score that determines how many liters of fuel are needed to avoid emitting a ton of CO2 into the atmosphere. This figure is equivalent to a CBIO. 7 RENEWABLY ENERGY 13 CLIMATE ACTION 7 ENERGY 9 INNOVATION AND INFRASTRUCTURE 12 RESPONSIBLE CONSUMPTION 8 13 CLIMATE ACTION How does RenovaBio work? 27
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