Plascar Participações Industriais S A : Results 4T2022

Plascar Participações Industriais S.A.

4T | 2022

Earnings Release 4Q | 2022

About Plascar

Plascar Participacoes Industriais S.A. (Bovespa: PLAS3), through its subsidiary Plascar Ltda., is a Brazilian industry that for more than five decades has been operating in the plastic transformation market and development of parts and internal and external finishes for vehicles, being responsible for supplying high quality to most automakers installed in Brazil.

Currently, Plascar has four plants strategically positioned in the states of São Paulo and Minas Gerais, where it houses a range of injection molding machines with a closing force capacity of 70 to 3,200 tons, automatic and manual painting lines, chrome plating, injection, metal plating, welding and SMC presses, in addition to having its own tooling for mold construction.

Plascar's shareholding control is divided as follows:

11.25%

7.12%

Pádua IV*

Deise Duprat V. Heller

Postalis

21.64%

Outros Acionistas

59.99%

*Indirect controlled by Mapa Capital

Share Price 12/31/2022

PLAS3 - R$ 9.50

Marke Value on

12/31/22

R$ 118,0 million

Share numbers

Common Shares: 12,425

million

ADMINISTRATIVE COUNCIL

Paulo Silvestri

Andrew C. de Araújo

Antonio Farina

Rui Chammas

Paulo Zimath

FISCAL COUNSIL

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

HIGHLIGHTS OF 2022

Plascar Participações Industriais S.A.

R$ 848 million (+38.4% vs. 2021)

Net revenue in 2022

R$ 1 billion + de Gross Revenue

R$ 97,121 of loss in the period

R$ 119.988 million	R$ 56.482 million	Beggining of the
+159.2% vs. 2021	6.7% de margin	operations on the
factory of
Gross profit	EBITDA	CAÇAPAVA - SP

Market share gains above the market

+5.4% in vehicle production* in Brazil vs. 2021

+ 37.4% gross sales vs. 2021

*According to ANFAVEA

Performance in the Period

R$ mil

2022

2021

Var %

Gross Revenue	1,041,045

757,84237.4%

Net Revenue	848,190	612,684	38.4%
Gross Profit	119,988	46,297		159.2%
Gross Margin %	14.1%	7.6%		6,5p,p,
EBITDA	56,482	17,415		224.3%
EBITDA Margin %	6.7%	2.8%		3.9p,p,
Net losses	(97,121)	(122,230)		-20.5%

Management

Comments

The Company follows its restructuring process with great achievements and aligned with the plan prepared by Management. The year 2022 was very important for the company, especially in view of the record number of projects that went into production.

Despite the Company's net result still amounting to a loss of R$ 97,121 in the year 2022, we had an improvement of 224.3% in our EBITDA and, for the first time in 10 years, we had more than R$1 billion in Revenue Gross.

The 2022 result, although not yet ideal, reflects the commitment of the entire Company to improving its performance, even with all the challenges experienced in recent years. The Covid-19 pandemic, with the shutdown of production in the automobile industry as well as the lack of electronic components, the Brazilian and global inflationary environment, in addition to the war in Ukraine, made the recovery scenario even more challenging.

However, Plascar's results continued their trend of improvement, with revenue growth, through an increase in current volumes and the start of new projects, with the recomposition of margins and operational efficiency gains.

Additionally, it is worth mentioning the inauguration of the Caçapava plant in the second half of 2022, which brings great revenue potential in projects already contracted, with production starting in 2023 and the following years. The plant has state- of-the-art technology, such as automatic painting, bringing greater efficiency in terms of quality, reduction of production cycles and losses in the production process.

For the year 2023, it is expected that it will still be a very challenging year with high volatility given the global and national

macroeconomic uncertainties. The Company will continue to seek all possible efficiency gains in production with a view to improving profitability and its results, thus consolidating its recovery.

Automotive

Market

Vehicle production in 2022 increased by 5.4% compared to the previous year according to ANFAVEA - National Association of Motor Vehicle Manufacturers, totaling 2.370 million units in the country. Despite the result being lower than projected at the beginning of the year, the volume presented is seen by ANFAVEA as sufficient to meet the needs of the domestic and foreign markets and the stocks emptied over the last few years, even with the lack of components that stopped the production lines. most automakers by 2022.

ANFAVEA's expectation for next year is a 2.2% increase in vehicle production and a 3.0% increase in sales. An increase of 4.2% is expected for light vehicles, while for heavy vehicles a 20.4% drop is expected due to the change in the motorization obligation to Euro 6, which will lead to a readjustment of prices and consequent decrease of demand.

	AUTOMOTIVE MARKET			Budget			Var %			2022			2021			Var %
			2023
	Vehicle Production			2,421			2.2%			2,370			2,248			5.4%
Vehicle Sales	2,168		3.0%		2,105	2,120		-0.7%

According to: ANFAVEA - BRASIL