4Q24 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 4Q24 results:

. The number of vehicles transported in 4Q24 was 202,000, an increase of 15% compared to 4Q23. Market share was 24.0%, 0.4 pp lower year-on-year, due to the below-market performance of relevant customers. The average distance in 4Q24 was 1,092 km, 1.3% higher than in 4Q23.
. In the management proposal submitted on March 10, the distribution of R$ 39 million in dividends and interest on equity was suggested, corresponding to R$ 0.59 per share. The cut-off date was set for April 9, with payment scheduled for April 23.
. Net revenue in 4Q24 was R$ 624 million, 38% higher year-on-year, reflecting the growth of the Automotive Division, mainly due to the increase in the number of vehicles transported. in the average distance traveled, in the logistic services and transferring vehicles revenues, additionally the fares readjustments.
. EBITDA in 4Q24 was R$ 126 million, with a margin of 20.2%, 3.8 pp higher than the EBITDA margin in 4Q23, due to the growth in the Automotive Division’s operating indicators and productivity gains, resulting in the expansion of margins.
. Net income in 4Q24 was R$ 85 million, 67% higher than in 4Q23, representing a 2.4 pp growth in net margin, reaching 13.6%. This bottom-line is attributed to the improvement in operating results and equity in the period.
. Free cash flow in 4Q24 was positive at R$ 28 million, mainly due to the company’s good operational performance, benefiting from the favorable moment in the automotive industry, coupled with the cost and expenses control and the working capital management.
. Return on invested capital in 4Q24 was 39.5%, 4.8 p.p. higher than the ROIC in 3Q24, mainly due to the evolution of the Automotive Logistics Division’s operating income.
. Net cash in December 2024 was R$ 135 million vs. R$ 158 million in September 2024, a decrease that was mainly due to the payment of dividends and interest on equity referring to 3Q24.

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Tuesday, March 11, 2024 | 2:00 pm (US-EST)