Investor Presentaiton

NET DEBT AND LEVERAGE (R$ Mn; NET DEBT/ADJ. EBITDA) 520 -0,3 831 N/A 10 6,8 1,5 1.014 790 494 339 -86 2019 2020 Leverage Ratio 2021 2022 Total Debt Net Debt DEBT STRUCTURE (R$ Mn; % TOTAL DEBT) Source: ZAMP. 519 13% 48% 3% 18% 18% 483 175 175 121 34 Cash 2023 2024 2025 2026 2027 1. Deleveraging trend; 2. OCF/EBITDA > 90%; 3. Strong capital structure with adequate leverage; 4. Debt aging without short- term maturity.

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