Fleury S A : Dados Econômico-Financeiros

DocuSign Envelope ID: C9A9A378-B0B5-41B5-B8AC-06E0CFCE795D

(A free translation of the original in Portuguese)

Fleury S.A.

Quarterly Information (ITR) at March 31, 2023

and report on review of quarterly information

DocuSign Envelope ID: C9A9A378-B0B5-41B5-B8AC-06E0CFCE795D

(A free translation of the original in Portuguese)

Report on review of quarterly information

To the Board of Directors and Shareholders

Fleury S.A.

Introduction

We have reviewed the accompanying parent company and consolidated interim accounting information of Fleury S.A. ("Company"), included in the Quarterly Information Form (ITR) for the quarter ended March 31, 2023, comprising the balance sheet at that date and the statements of income, comprehensive income, changes in equity and cash flows for the quarter then ended, and explanatory notes.

Management is responsible for the preparation of the parent company and consolidated interim accounting information in accordance with the accounting standard CPC 21, Interim Financial Reporting, of the Brazilian Accounting Pronouncements Committee (CPC) and International Accounting Standard (IAS) 34, Interim Financial Reporting issued by the International Accounting Standards Board (IASB), as well as the presentation of this information in accordance with the standards issued by the Brazilian Securities Commission (CVM), applicable to the preparation of the Quarterly Information (ITR). Our responsibility is to express a conclusion on this interim accounting information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and International Standards on Reviews of Interim Financial Information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Brazilian and International Standards on Auditing and consequently did not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on the interim information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying parent company and consolidated interim accounting information included in the quarterly information referred to above has not been prepared, in all material respects, in accordance with CPC 21 and IAS 34 applicable to the preparation of the Quarterly Information, and presented in accordance with the standards issued by the CVM.

2

DocuSign Envelope ID: C9A9A378-B0B5-41B5-B8AC-06E0CFCE795D

Fleury S.A.

Other matters

Statements of value added

The quarterly information referred to above includes the parent company and consolidated statements of value added for the quarter ended March 31, 2023. These statements are the responsibility of the Company's management and are presented as supplementary information under IAS 34. These statements have been subjected to review procedures performed together with the review of the quarterly information for the purpose of concluding whether they are reconciled with the interim accounting information and accounting records, as applicable, and if their form and content are in accordance with the criteria defined in the accounting standard CPC 09 - "Statement of Value Added". Based on our review, nothing has come to our attention that causes us to believe that these statements of value added have not been properly prepared, in all material respects, in accordance with the criteria established in this accounting standard, and consistent with the parent company and consolidated interim accounting information taken as a whole.

São Paulo May 3, 2023

PricewaterhouseCoopers

Auditores Independentes

CRC 2SP000160/O-5

Maarcelo Orlando

Contador CRC 1SP217518/O-7

3

!"

#

$

• %&
• &
• '()
  " *+ # '"
• "
  , -("
• #
  & *(.# ) %
• /(,
• *00, " 1, # 2()
• 3 ,
• 3(( & 4.( ) -(5-
  %("
  '.("
  ./(+
  "* # &
  6 ()
  ,*
  '
  &7.
  )%8.9/
  189"
  6"
  (#
  "#
  #(

FLEURY S.A. AND SUBSIDIARIES

BALANCE SHEET AS OF

(In thousands of reais - R$)

	Note	Parent Company			Consolidated		Note	Parent Company			Consolidated
Assets			03/31/2023	12/31/2022	03/31/2023	12/31/2022	Liabilities and shareholders' equity			03/31/2023	12/31/2022	03/31/2023	12/31/2022
Current assets									Current liabilities
Cash and cash equivalents	5		3,527	9,121	9,870	17,256	Financing	14		8,353	12,051	8,895	12,838
Securities	6		1,112,765	1,174,965	1,271,657	1,292,234	Debentures	15		362,620	348,081	362,620	348,081
Accounts receivable	7		790,765	701,549	973,701	856,849	Lease	16		172,412	153,133	192,467	174,901
Inventories	8		61,591	68,994	99,247	96,576	Suppliers	17		262,649	283,544	359,718	364,268
Recoverable taxes	9		12,496	12,797	14,419	14,757	Labor obligations	18		167,427	204,575	191,554	227,600
IRPJ and CSLL recoverable			63,469	52,102	73,847	62,265	Taxes and contributions payable	19		29,241	23,338	48,489	40,812
Assets held for sale			-	-	-	14,968	Income tax and social contribution payable			327	327	10,984	7,110
Other assets	10		28,063	29,378		33,009	36,499	Accounts payable - Acquisition of companies	20		22,158	24,786	35,180	40,337
Total current			2,072,676	2,048,906	2,475,750	2,391,404	Interest on own capital and dividends payable	25.b	74	80	213	219
									Other liabilities	21		15,216	13,651		25,081	17,969
									Total current			1,040,477	1,063,566	1,235,201	1,234,135
									Non-current liabilities
Long-term assets									Debentures	15		2,199,004	2,198,917	2,199,004	2,198,917
Securities	6		31,893	32,473	117,733	121,641	Lease	16		840,471	856,468	928,192	943,348
Income tax and social contribution - deferred	22		-		53,225	48,624	Income tax and social contribution - deferred	22		369,696	366,215	403,139	397,589
Judicial deposits	23		17,644	17,764	24,464	24,160	Provision for tax, labor and civil risks	23		14,510	16,563	27,401	29,087
Other assets	10		15,458	15,938		52,963	53,765	Tax installments	19		3,192	4,024	6,441	8,708
			64,995	66,175	248,385	248,190	Accounts payable - Acquisition of companies	20		65,950	63,642	253,941	276,326
									Other liabilities	21		-	-		2,576	2,575
									Total non-current			3,492,823	3,505,829	3,820,694	3,856,550
									Shareholders' equity
									Capital	25.a	1,716,902	1,717,222	1,716,902	1,717,222
									Capital reserve	26		603,250	603,212	603,250	603,212
									Profit reserves
									Investment reserve	25.d	207,619	45,166	207,619	45,166
									Legal reserve			148,616	148,616	148,616	148,616
									Retained earnings			24,838	187,291	24,838	187,291
									Income for the period			93,852	-	93,852	-
Investments	11		1,681,268	1,634,014	56,872	44,080	Treasury shares	25.c	(9,213)	(19,971)	(9,213)	(19,971)
Property, plant and equipment	12		819,446	833,379	909,115	925,883	Shareholders' equity of controlling shareholders			2,785,864	2,681,536	2,785,864	2,681,536
Intangible assets	12		1,755,841	1,748,954	3,147,225	3,159,926	Non-controlling interest			-	-	22,121	19,549
Right-of-use	13		924,938	919,503	1,026,533	1,022,287	Total shareholders' equity			2,785,864	2,681,536	2,807,985	2,701,085
Total non-current			5,246,488	5,202,025	5,388,130	5,400,366
									Total liabilities and shareholders' equity			7,319,164	7,250,931	7,863,880	7,791,770
Total assets			7,319,164	7,250,931	7,863,880	7,791,770

See the accompanying notes to the financial statements.