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Investor Presentaiton

Consolidated statement of income Years ended December 31 - All amounts in millions of reais unless otherwise stated (A free translation of the original in Portuguese) Note 2021 2020 Note 2021 2020 Continuing operations Income tax and social contribution 23 (a) Net revenue from products sold and services rendered 28 Cost of products sold and services rendered Gross profit 29 49,008 (37,934) 35,383 (28,424) Current Deferred (1,801) (1,631) (900) Profit (loss) from continuing operations 6,885 (686) (3,053) 11,074 6,959 Discontinued operations Operating expenses (income) Selling 29 General and administrative 29 Other operating income (expenses), net 223 (901) (2,841) (889) (2,503) Profit (loss) on discontinued operations Profit (loss) for the period attributable to the owners of the Company 34 235 (12 7,120 (3,065) 30 605 (3,137) (2,294) (5,686) Profit (loss) attributable to the owners of the Company 6,400 (1,636) Profit (loss) attributable to non-controlling Operating profit before equity results and finance results interests 7,937 1,273 Profit (loss) for the period 720 7,120 (1,429) (3,065) Results from equity investments Weighted average number of shares - Equity in the results of investees 17 (c) 585 727 thousands (to the owners of the Company) 18,278,789 18,278,789 Realization of other comprehensive income on disposal of investments Basic and diluted earnings (loss) per 20 thousand shares, in reais 350.13 (89.50) 605 727 From continuing operations Finance results, net Finance income Finance costs Result of derivative financial instruments Foreign exchange losses, net 31 908 (3,014) 4,386 (505) 660 (2,979) Basic and diluted earnings (loss) per thousand shares, in reais 337.27 (88.84) From discontinued operations (121) Basic and diluted earnings (loss) per thousand shares, in reais 12.86 (0.66) (1,027) 1,775 (3,467) Profit (loss) before income tax and social contribution 10,317 (1,467) 105 =
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