Plascar Participações Industriais S A : Results 3T2022

Plascar Participações Industriais S.A.

3Q22 EARNINGS RELEASE SEPTEMBER/2022

Jundiaí, state of São Paulo, November 10th, 2022.

Plascar has more than BRL 233 million in revenue in the third quarter of 2022 and BRL 623 million in the accumulated nine months of 2022.

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Plascar Participações Industriais S.A. (Bovespa: PLAS3), a manufacturer of parts for interior and exterior finishing of light and heavy motor vehicles, announced consolidated net revenue of R$ 233.3 million in the third quarter of 2022. The value represents an increase of 44.9% if compared to the same period in 2021.

The company's gross result showed an advance of 13.3 percentage points compared to the third quarter of last year and reached the mark of R$ 39.5 million, which represents a gross margin of 16.9%.

The Company also increased its EBITDA by R$ 21.1 million compared to the same quarter of 2021, reaching a total of R$19.9 million, or an EBITDA margin of 8.5% in the quarter.

PERFORMANCE IN THE PERIOD

R$ thousand	3Q 2022	3Q 2021	Var %	9M 2022	9M 2021	Var %
Gross Sales	285,978	198,858	43.8%	764,853	551,590	38.7%
Net Revenue	233,259	160,960	44.9%	622,961	448,791	38.8%
Gross Result	39,461	5,855	574.0%	95,617	29,082	228.8%
Gross Margin %	16.9%	3.6%	13.3p.p.	15.3%	6.5%	8.8p.p.
EBITDA	19,889	(1,248)	-	48,104	12,531	283.9%
EBITDA Margin %	8.5%	(0.8%)	9.3p.p.	7.7%	2.8%	4.9p.p.
Net Loss	(23,516)	(60,671)	61.2%	(60,363)	(97,184)	37.9%
		DESEM

General Informations

SHARE PRICE (09/30/22)

PLAS3 - R$ 9.09

MARKET VALUE IN 09/30/22

R$ 112,9 million

NUMBER OF SHARES

Common Shares: 12,425 M

ADMINISTRATIVE COUNCIL

Paulo Silvestri

Andrew C. de Araújo

Antonio Farina

Rui Chammas

Paulo Zimath

FISCAL COUNCIL

Marcelo Ferreira do Nascimento

Edson Luiz da Silva

Charles Dimetrius Popoff

IR CONTACT

Rodrigo Cartagena do Amaral

CFO and Director of Investor Relations [e-mail] Phone: [phone]

Rua Wihelm Winter, nº 300 Distrito Industrial - Jundiaí - SP CEP 13213-000

The Company's operating and financial information, unless otherwise indicated, is consolidated and the monetary values are expressed in thousands of Reais.

Management Comment

The third quarter of 2022, despite the still persistent instability of global supply chains, presented greater predictability for Plascar's operations.

Constant customer stoppages, which were widely observed in the first half of 2022, are becoming less frequent and vehicle production in the country has returned to slightly lower levels than those observed in the pre-covid period.

With this scenario, Plascar's results continued their trend of improvement, with an increase in revenues (current volumes and new projects) and maintenance of margins. In this regard, it is also worth mentioning that the increases in raw material prices and the inflationary environment observed in recent quarters continue to impact the operation, having been actively addressed by management, to mitigate their effects and maintain operating margins.

The period ended on September 30, 2022, we could observe that these measures have been effective, as can be seen by the maintenance of the EBITDA margin at levels very close to 2Q22 and in line with Management's projections. It is also worth mentioning that these levels of profitability were only possible due to the actions to improve performance and operational efficiency that have been developed, in addition to the effect of absorbing fixed costs due to the increase in the Company's revenue throughout 2022.

The Company's net income, in turn, remains below Plascar's potential and still adds up to a loss of R$ 60,363 in 2022. This result represents an improvement of 37.9% compared to the same period in 2021. Management remains committed to developing actions for its reversal in future periods and believes that Plascar's full recovery should occur soon.

The Company ended September 30, 2022 with a workforce of 2,148 employees (1,810 as of September 30, 2021).

New Industrial Unit - Caçapava

In September 2022, an industrial unit was opened in Caçapava/SP, whose operation is already in operation and supplies are growing. This unit is located close to important automotive production hubs in the state of São Paulo, in addition to Rio de Janeiro.