Car rental agency

Movida Participaes SA: Publication of 1Q22 results

QUARTERLY REVENUES EXCEED R$2 BILLION FOR THE FIRST TIME;

NET INCOME INCREASES BY 136% TO R$258 MILLION; 191,942 CARS IN THE FLEET, 57% MORE THAN IN 1Q21

General Highlights

Gross revenue outrun R$2.0 billion in 1Q22, a historic record in the first quarter, with a YoY 138.5% growth;

Net income from car rental amounts to 992.0 million reais in 1Q22, one year 87.1% growth;

Total fleet reached 191,942 cars in 1Q22year-on-year growth of 56.5%;

EBITDA of R$863.1 million in 1Q22, of which R$658.7m from car rental;

Net profit of R$258.1 million in 1Q22, up 135.7% compared to 1Q21, with a net margin of 13.1%;

Fourth consecutive quarter with record returns: ROIC of 16.4% and ROE of 34.6% at 1Q22;

$160 million approval in a line of credit with the Inter-American Development Bank (IDB), which bears an ESG label (Environment, Social and Governance), with part of the amount made available as Green Loan (“Green Loan”) fund projects related to the sustainable agenda, which are detailed in the 2021 Integrated Reports published on April 11, 2022.

Highlights by business unit

BECAUSE: Daily rental of R$127.5 in 1Q22 – one year growth of 56.0%, with resilient demandfocus on the people segment and a new mix of cars;

GTF: Net revenues amount to R$397 million at 1Q22 a year 140.4% growth And one EBITDA margin of 71.8%, 11.6pp higher than 1Q21;

Used car sales: 15,225 cars sold in 1Q21. Average ticket of R$64,467 in 1Q22, 24.2% higher than in

1Q21, and a 4.7pp growth. gross margin (+26.6%).

Once again, 1Q22 results show the disciplined execution of Movida’s customer-centric strategic plan. We have established a new level of sustainable results. We presented record growth and profitability, reinforcing the execution of a new round of expansion.

We have added almost 5,000 cars since the end of 2021, totaling a fleet of 191,942 cars the youngest in the sector, with an average age of 14 months. YoY, the number of cars increased by 69,334 and gross revenue increased by 139%. For the for the first time, our revenues exceeded R$2 billion in one quarter. Our EBITDA totaled R$863 million in 1Q22, with a margin of 44%an annual growth of 6 pp net income amounted to 258 million reaisup 136% over one year, with a margin of 13%. We reported sequential QoQ record returns for one year. LTM Return on investment reached 16.4% and LTM ROE stands at 34.6% at 1Q22.

Data from the Brazilian Association of Car Rental Companies (ABLA) proves our leadership to gain market share among the companies listed in 2021, and we were the only company to gain market share on the RAC. We significantly strengthened our partnerships with car manufacturers and were able to purchase 21,202 cars in 1Q22 at an average price of R$90,436representing 6.5% of industry total sales for the quarter, according to ANFAVEA data.

In the Rent-a-Car (RAC) segment, we closed 1Q22 with 96,572 cars in the fleet and, thanks to our distribution by discipline and intersectoralwe exceeded R$128 reais average daily rate. For this, we combined the 41.6% growth in the volume of daily rentals and an occupancy rate of more than 75% over the quarter, proving that demand remains strong and adheres to our mix. We continue with effective expense managementand our EBITDA margin reached 63%, a new level of profitability.

In the Fleet Management and Outsourcing (GTF) segment, we closed the quarter with 95,370 cars, which represented 50% of the Company’s fleet, ensuring greater stability of future results. The segment gross revenue increased 140% year-on-year, due to inorganic changes, such as absorption of CS Frotas – the leader in the sector of public companies and semi-public organizations -, and the acquisitions of Vox, and Marbor the latter concluded on April 4, 2022 in addition to organic growth, mainly in Movida ZeroKm. This long-term product for individuals remains our major focus for development, which makes us even more delighted with each indicator that strengthens its potential return on invested capital. GTF segment EBITDA margin was 72% in 1Q22, a year growth of more than 12 pp

The result of used car sales remains solid despite the more difficult scenario. We sold 15,225 cars in 1Q22, a number almost 3 times higher than in 1Q21, with the average ticket increasing by 24%. EBITDA margin was 21% in 1Q21, in the third quarter that margins exceeded 20%. As in recent quarters, we know that these margins represent a temporary effect of restricted offer and continue to closely monitor the regularization of automotive industry supply chains and the impact of new macroeconomic factors this quarter, such as the war in Ukraine and public policies to deal with COVID-19 in Asia.

We also increased the number of stores, reaching 185 stores in the RAC segment, from 4Q21 to 1Q22 we set up nine stores in cities with great market potential, with increasingly digital services, such as Web Check-in, payment via PIX, contract opening and closing via tablet. In the

Used car sales segment, we opened three new stores in 1Q22, totaling 81 stores in the segment in various locations in Brazil to be get closer to customers and offer them fast, proximity and new experiences through digital channels or in stores.

Our Fleet maintenance and supplier management System was recently awarded at iF Design Award 2022. We have been recognized in the Service Design for Transportation/Logistics category of such a renowned award that has been held in Germany since 1953 and received 10,776 entries from 49 countries in the 2022 edition.

Current cash and cash equivalents of R$4.6 billion¹, already taking into account the R$1.0 billion debentures we raised with costs and conditions in line with the Company’s average – released in early April. Moreover,

we had the approval of a US$160 million line of credit with the Inter-American Development Bank

(IDB), which carries an important ESG (Environment, Social and Governance) label, with part of the amount made available as a green loan (“green loan”) to finance projects related to sustainable development

agenda. These initiatives are detailed in the 2021 Integrated Reports published on April 11, 2022 I invite you to read it by clicking on this link.

Our ESG projects and priorities are based on the adoption of the principle of materiality, as recommended by the Framework and the Global Reporting Initiative Standards, as well as by the AA1000 standard. The idea is to enable communication and management based on the point of view of internal and external audiences including employees, senior management, customers, suppliers, etc. – on the impacts and the value creation process of the company. It will also make us even more

prepared for the renewal of our certification as a company B.

We are excited about the resumption of in-person events, such as WTM Latin America, one of the leading B2B travel and tourism events on our continent. We also resumed our sponsorship in several other events, such as ArtSampa at the OCAwhich brought together several exhibitors with innovative and original projects designed exclusively for the show.

We have reorganized the company and are currently the fastest growing company in the industryand, more importantly, the company that has made the most progress in terms of profitability. annualized gross revenue and net revenue totaled R$8 billion and R$1 billion respectively, at 1Q22. All of this is just the beginning of what’s yet to come this year and makes us even more confident on our position. The fundamentals of our market are gets stronger over time. We thank all of our employees, suppliers, creditors, investors and other audiences for their continued support. As always, we are convinced that the best is yet to come!

Thanks very much! Sincerely,

Renato Franklin

CEO

1Caixa’s cash and cash equivalents exclude the balance of 4131

Chg. 1Q22 x Chg. 1Q22xFinancial Highlights (R$ million)

1Q21

4Q21

  • Gross revenue 876.3 1,855.1

  • Net revenue 804.9 1,741.0

EBITDA

304.5

776.6

EBIT

242.3

606.2

Net revenue

1Q22

1T21

4Q21

2,090.1 1,965.8

  • 138.5% 12.7%

  • 144.2% 12.9%

992.0 973.8

87.1% 6.4%254.8% 20.4%

863.1

183.4%

11.1%

87.0% 43.9%

+29.6 points +6.1 points

+3.7pp-0.7pp

650.3

168.4%

7.3%

65.6% 33.1%

+19.9 points +3.0 points

+0.5pp-1.7pp

109.5

276.7

258.1

135.7%

-6.7%

Operational Highlights

Total fleet – end of period Total fleet – end of period – RAC Total fleet – end of period – GTF Number of RAC service points Number of used car shops

Number of daily rentals – RAC (in thousands) Number of daily rentals – GTF (in thousands) Average gross monthly revenue per average operating fleet – RAC (R$)

Average net monthly revenue per average operating fleet – GTF (R$)

Number of cars sold

1T21

4Q21

1Q22

1Q21

4Q21

122,608

186,974

191,942

56.5%

2.7%

70 213

90,671

96,572

37.5%

6.5%

52,395

96,303

95,370

82.0%

-1.0%

195

207

216

10.8%

4.3%

70

78

81

15.7%

3.8%

5,067

5,281

5,225

3.1%

-1.1%

3,862

7,351

7,657

98.3%

4.2%

2,131

2,960

2,949

38.4%

-0.4%

1,231 5,356

1,555 12,472

1,557 15,225

26.4% 184.3%

0.1%

22.1%

1.a. Net revenue

Chg. 1Q22 x Chg. 1Q22x

(million reais)

1T21

4Q21

1Q22

1T21

4Q21

Gross revenue

414.2

626.4

666.1

60.8% 6.3%

Deductions Net revenue

(49.1) 365.1

(67.3) 559.2

(71.4) 594.7

45.4% 6.1%

62.9% 6.3%

RAC net revenues totaled R$594.7m in 1Q22, up R$35.5m (+6.3%) from 4Q21 and up R$229.6m (+62.9%) ) compared to 1Q21, mainly due to i) the increase in the average daily rent per car, which reached R$127.5 in 1Q22, up 56.0% compared to 1Q21; and (ii) the increase in the fleet and daily rental volumes.

Monthly gross revenue per car was R$2,949 in 1Q22, up 38.4% from 1Q21, reflecting pricing initiatives.

OCCUPANCY RATE VS. AVERAGE DAILY RENTAL

1T20

2T20

3T20

4T20

1Q21

2Q21

3Q21

4Q21

1Q22

Average Daily Rentals (R$)

AVERAGE MONTHLY GROSS REVENUE PER CAR (R$) PER AVERAGE OPERATING FLEET

2,960

2,949

1T20

2T20

3T20

4T20

1T21

2Q21

3Q21

4Q21

1Q22

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