Localiza Rent a Car S A : Webcast 4Q22

DISCLAIMER

Consolidated Results

The 4Q22 earnings presentations include information from Localiza and Locamerica consolidated since July 1st, 2022. However, we will bring the quarterly proforma results from 1Q21 to 2Q22, adding the two companies together. In this release, the annual comparisons will be based on historical proforma numbers from both companies.

The proforma results are based on available information directly attributable to the business combination and are factually supportable. This presentation is intended exclusively to illustrate the business combination's impact on the Company's historical financial information, as if the transaction had taken place on January 1st, 2021. There is no assurance by the Company or the auditors that the actual result of the relevant transaction if taken place on January 1st, 2022 or on January 1st,, 2021, would have been as presented.

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BUSINESS COMBINATION ONE -OFFS

In this quarter, we will highlight the business combination related effects (one-offs), as it follows:

Description	EBITDA Impact	Net Income Impact
Integration expenses (One-Off)	(77.1)	(50.9)
Discontinued Operation (Acelero and Willz) (One-Off)	(32.0)	(21.1)
Fleet write-up amortization (Temporary)	-	(91.6)
Customer relationship amortization (Temporary)	-	(6.2)
Depreciation of other assets (Acelero and Willz) (One-Off)	-	(0.7)
Tax loss write-off	-	(23.8)

We highlight the assets recognized in the business combination context that will impact the result through their amortization:

• Fleet write-up (accounting for the differential between the fair value net cost of sales and the book value of the acquired fleet): amortization similar to the criteria used for fleet vehicles depreciation or in the case of car write-off;
• Customer relationship write-up (accounting for the fair value of customer relationship)

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QUARTERLY HIGHLIGHTS

Car purchase and sales

Quantity (does not considers theft / crashed cars written-off)

55,865

37,202

97.358

End of Period Fleet

Quantity

152,102 591.041

488.235 (49,296) 65,549

86,553 259.596

194.047

61.362

24.160

41.493

294.188	331.445

4Q214Q22

	Cars purchased		Cars sold

Net Revenue - Car Rental

R$ million, including royalties

1.999,6	(345.2)			1.861,4
		207.0

2021	Net Addition	2022
Carve-Out			Car Rental		Fleet Rental

Net Revenue - Fleet Rental

R$ million, including telemetry and Localiza+ revenues

497,21.341,1

843,9

58.9%

3Q22

Recomposition

4Q22

4Q21

Growth

4Q22

Carve-Out		Car Rental	4

CAR RENTAL

Net revenue

R$ million, including royalties

	7.421,8
5.787,6	28.2%
	1.744,9	6.7%	1.861,4

2021 proforma

2022 proforma

4Q21 proforma

4Q22

Rental days

In thousands

73.110	4.0%	76.026

19.252 -7.3% 17.855

2021 proforma

2022 proforma

4Q21 proforma

4Q22

6.7% GROWTH IN THE QUARTERLY NET REVENUE YEAR OVER YEAR, EVEN WITH THE CARVE-OUT EFFECTS, DEMONSTRATING EFFICIENT MIX AND

PRICE MANAGEMENT.

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