3Q24 Earnings Release

TEGMA GESTAO LOGISTICA S.A., one of the largest logistic providers in Brazil and one of the leaders in logistics for brand new vehicles in Brazil, hereby presents its 3Q24 results:

. The number of vehicles transported in 3Q24 was 202 thousand, an 19% increase YoY, achieving a 25.7% market share, 1 p.p higher compared to the previous year, due to the company’s increased participation among clients during the period. The average distance in 3Q24 was 1,070 km, 2.4% higher than in 3Q23.
. At the Board of Directors’ Meeting held on November 4, it was decided to distribute 60% of the Net Income from 3Q24 as dividends and Interest on Equity, amounting to R$ 50.7 million (R$ 0.77 per share), or 10.8% of dividend yield LTM, for payment on November 19.
. Net revenue for 3Q24 was R$ 604 million, 41% higher in the year-based comparison, reflecting the growth of the Automotive Logistics Division (higher volume and distance).
. EBITDA for 3Q24 was R$ 126 million (margin of 20.8%, 2.2 p.p higher vs the EBITDA margin of 3Q23), as a result of the growth in operating indicators for automotive logistics and productivity gains, which reflected in margin expansion.
. Net income for 3Q24 was R$ 84.4 million, 50% higher than in 3Q23, with a growth of 0.8 p.p in the net margin to 14%, due to improved operating results and equity pick-up during the period.
. Free cash flow in 3Q24 was positive at R$ 53.6 million, reflecting the company’s operational performance and a reduction in the cash-to-cash-cycle compared to June 2024.
. The return on invested capital (ROIC) for 3Q24 was 34.7%, 4.6 p.p higher than the ROIC for 2Q24, mainly due to the improved operational results of the Automotive Logistics Division.
. Net cash in September 2024 was R$ 158 million vs R$ 177 million in June 2024, a reduction mainly due to the payment of dividends and Interest on Equity related to 1H24.

Webcast English
https://mzgroup.zoom.us/webinar/register/WN_a7DbYcT5Syuk18teBK9BtQ#/registration
Tuesday, November 5, 2024 | 1:00 pm (US-EST)