‘

2Q24

RESULTS

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São Paulo, August 7, 2024 - JSL S.A. (B3: JSLG3) ("JSL") announces its results for 2Q24.

RIGHT ON TRACK: 2Q24 RESULTS CONFIRM CONSISTENCY OF BUSINESS MODEL

WITH REVENUE GROWTH AND SUSTAINABLE MARGINS
• Gross Revenue reaches R$2.5 billion in 2Q24, up 17% from 2Q23; with consistent organic growth.
o Balanced growth between Asset Light and Asset Heavy operations – an increase of 13% and 21%,
respectively, compared to 2Q23

• Adjusted EBITDA of R$398.2 million, with a margin of 19.2%

• Debt reprofiling with prepayment of R$1 billion that will reduce the average spread in 0.5 p.p., positively
impacting the coming quarters

• R$1.3 billion in contracts signed in 2Q24, with an average maturity of 70 months, representing strong future
contracted growth. In 2024, new contracts totaled R$2.3 billion of contracted revenues

• Net Capex of R$151.4 million in the quarter (R$593.7 million in the half-year), with the execution of most
of the investments planned for the year. Completion of important implementations in the quarter, which
will contribute to growth and margin expansion in the coming months

• ROIC Running Rate of 15.4%, sustaining the Company's new level of profitability

• New operations in Ghana, expanding our activities on the African continent. Fadel was named Ambev's Best
Logistics Operator, reinforcing our customers' confidence in the quality of our service and our excellence
in execution.
Financial Highlights Summary
2Q24 2Q23 ▲Y/Y 1Q24 ▲Q/Q 1H24 1H23 ▲Y/Y
(R$ million)
Gross Revenue 2,526.6 2,168.3 16.5% 2,444.6 3.4% 4,971.1 4,014.6 23.8%
Gross Revenue from Services 2,454.2 2,105.1 16.6% 2,365.8 3.7% 4,819.9 3,891.8 23.8%
Gross Revenue from Asset Sales 72.4 63.1 14.7% 78.8 -8.2% 151.2 122.8 23.1%
Net Revenue 2,142.6 1,839.6 16.5% 2,070.3 3.5% 4,212.9 3,403.2 23.8%
Net Revenue from Services 2,073.2 1,779.2 16.5% 1,993.4 4.0% 4,066.6 3,284.6 23.8%
Net Revenue from Asset Sales 69.4 60.4 14.9% 76.9 -9.7% 146.3 118.5 23.4%
EBIT 394.6 505.9 -22.0% 257.4 53.3% 652.0 715.4 -8.9%
Margin (% NR from Services) 19.0% 28.4% -9.4 p.p. 12.9% +6.1 p.p. 16.0% 21.8% -5.7 p.p.
Net Income 107.2 205.2 -47.8% 33.6 219.3% 140.8 232.0 -39.3%
Margin (% NR) 5.0% 11.2% -6.2 p.p. 1.6% +3.4 p.p. 3.3% 6.8% -3.5 p.p.
EBITDA 543.5 613.2 -11.4% 396.0 37.2% 939.5 919.4 2.2%
Margin (% NR from Services) 26.2% 34.5% -8.3 p.p. 19.9% +6.3 p.p. 23.1% 28.0% -4.9 p.p.
Net CAPEX 151.4 190.2 -20.4% 442.2 -65.8% 593.7 509.2 16.6%

Adjusted EBIT¹ 269.2 257.5 4.5% 280.3 -3.9% 549.5 473.7 16.0%
Margin (% NR from Services) 13.0% 14.5% -1.5 p.p. 14.1% -1.1 p.p. 13.5% 14.4% -0.9 p.p.
Adjusted EBITDA¹ 398.2 358.5 11.1% 402.8 -1.1% 801.0 664.6 20.5%
Margin (% NR) 19.2% 20.1% -0.9 p.p. 20.2% -1.0 p.p. 19.7% 20.2% -0.5 p.p.
Adjusted¹ Net Income 33.0 41.3 -20.2% 48.7 -32.2% 81.7 72.5 12.6%
Margin (% NR from Services) 1.5% 2.2% -0.7 p.p. 2.4% -0.8 p.p. 1.9% 2.1% -0.2 p.p.

¹EBITDA, EBIT, and Adjusted Net Income for Q2 2023 and Q1 2024, as reported at the time. In Q2 2024, EBITDA was adjusted by R$ 145.3 million, EBIT
by R$ 125.4 million, and Net Income by R$ 74.2 million. The adjustments were made to exclude the effects of the write-off of the goodwill value
allocated to the cost of asset sales, payment of contingent liability retroactive to 2014, positive impact from the reversal of the System S provision,
and to exclude the effects of goodwill/excess value amortization from acquisitions.

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 Message from Management
We are very pleased to report our results for the second quarter of 2024, which once again reflect the consistency of
our execution, our ongoing commitment to operational excellence and the constant evolution of our business The
strategy of diversification into services and key economic sectors, discipline in capital allocation and contract pricing,
together with care for our People and attention to customer satisfaction, have been important levers for the
development and expansion of the Company.

We have built a solid platform based on a combination of organic growth and strategic acquisitions, diversification of
our avenues of growth, and dedicated and individualized contract management. This provides a solid foundation for our
ongoing development cycle, with a focus on efficient capital allocation.

We remain confident in the market opportunity and see significant potential for growth and increased market share,
supported by our scale, expertise, quality track record and management model.

CONSISTENT GROWTH WITH PROFITABILITY

In the second quarter of 2024, we recorded Net Revenue from Services of R$ 2.1 billion, an increase of 17% over the
same period last year Excluding FSJ and IC Transportes, as their figures were not fully consolidated in the Company's
results in 2Q23, organic growth was 13% over 2Q23. FSJ, the most recent acquisition completed in September 2023,
continues to grow at an accelerated rate of 40% year-on-year, benefiting from the JSL ecosystem, particularly due to its
size, and contributing positively to our results.

IC Transportes, in turn, is aligned with the strategic acquisition plan, remains focused on maintaining contracts that have
an adequate return on invested capital and in the constant search for maintaining excellent service to its customers. As
a result of the adjustments made, there was a reduction in IC revenue by 30% compared to 2Q23, as expected. It is
important to mention that the book value recognized in the quarter of acquisition (Bargain Purchase of R$ 216.5 million)
has been converted into cash as the company's fleet is renewed, since a large part of the Capital Gain recognized at that
time referred to the value of the IC's assets.

In Services, we saw robust performance across all segments, with growth of 25% in Warehousing, 19% in Cargo
Transportation, and 11% in Dedicated Operations and Urban Distribution. In addition, strategic acquisitions continue to
expand our presence in key sectors of our economy, such as E-Commerce, Fuels and Chemicals. We have maintained a
balance between Asset-Light (52% of sales) and Asset-Heavy (48% of sales) operations, which provides operational
flexibility and resilience to our results.

Our Adjusted EBITDA grew by 11% over 2Q23, reaching R$398.2 million. The EBITDA margin was 19.2%. It's important
to note that we had an atypical effect in this quarter with the concentration of large projects being deployed at the
same time. These include an important JSL project in the Pulp and Paper segment, which consists of more than one
contract for different types of services; implementations in Intralogistics and Warehousing, which were completed
during 2Q24; and two Fadel operations, one of which is in Ghana, expanding the Company's presence on the African
continent. The latter was signed with the same customer and along the same lines as Fadel's other international
operations, demonstrating customer confidence in our service capability and operational excellence. The impact of the
upfront costs of these deployments is compounded by the fact that the second quarter is the weakest of the year in
terms of the seasonality of our operations. Nevertheless, our diversification, scale and discipline in pricing and cost
management provide resilience to our operating margins, which have remained at reasonable levels, even with all the
upfront costs associated with the aforementioned deployments. We would also like to emphasize that these margins
were under pressure from IC's results, which have not yet reached the right level for its operations, as explained above.

Our Adjusted Net Income for the quarter was R$33.0 million. Earnings were impacted by the aforementioned
concentration of projects implemented in the quarter, with the additional effects of upfront costs, depreciation of assets
acquired for these operations and the cost of capital for these assets. In addition, we had a suboptimal capital structure

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for virtually the entire quarter, as we completed the issue of R$ 1.75 billion in a CRA in February, and the prepayment
of approximately R$ 1 billion in debentures and other debts were not completed until June. As a result, we had the cost
of carrying the CRA funds for virtually all of 2Q24, and we have not yet benefited from the reduction in the average
spread of our debt, since the CRA was issued at an average cost of CDI + 0.97%, while the paid debts had an average
cost of CDI + 2.7%. Finally, it is important to remember that in 2Q23 Net Profit benefited from subsidies related to ICMS
which, due to changes in legislation related to the taxation of tax incentives, will no longer be recognized in our 2024
results. Comparing Net Income on the same basis (excluding the effects of ICMS subsidies in 2Q23 and the effects of
Interest on Equity in 2Q24), we had a growth of 21%, higher than the growth of Net Revenue, reinforcing the trend of
evolution in the conversion of EBITDA to Net Income.

As proof of this discipline in the management of our business, in the second quarter of 2024 we had an ROIC Running
Rate of 15.4%, maintaining the company's profitability at a new level, with further potential for improvement as the
contracts under execution mature.

We ended the first half of the year with results within plan, which reinforces our confidence that we are on track to
deliver our business plan. The steady growth in revenues, with operating margins maintained at levels appropriate to
our business, together with the implementation of new projects and the improvement in our capital structure, with a
reduction in the average cost of our debt, give us confidence that we will continue our agenda of consolidating the
logistics market, with a steady evolution in our results and profitability over the next few quarters.

CONTRACTED REVENUE SECURES FUTURE GROWTH

We continue to expand our portfolio of long-term contracts, signing new deals totaling R$ 1.3 billion in 2Q24, with an
average term of 70 months. During the year, we have already contracted a total of R$2.3 billion in future revenues, with
an average duration of 57 months, reinforcing our customers' confidence in our ability to deliver and the quality of our
services. Therefore, we already have an increase in contracted revenues for the second half of the year due to the
deployments that took place throughout 2023, which will have 12 months of revenues in 2024, in addition to the
deployments that took place throughout the first half of 2024 (contracts signed in 2023 and 1H24).

As mentioned above, we had a concentration of the most relevant 2024 deployments throughout the first half of the
year, and especially in 2Q24. The majority of the investments planned for the year have already been made for these
deployments. Net Capex for this quarter was R$151.4 million, bringing the total for the first six months of the year to
R$ 593.7 million.

CAPITAL STRUCTURE ALIGNED WITH THE BUSINESS MODEL

We ended 2Q24 with R$ 2.4 billion in cash, plus R$ 817 million in revolving credit lines, resulting in R$ 3.2 billion in
available liquidity, enough to cover our short-term debt 2.1 times. This demonstrates our discipline in managing our
capital structure with a cash position sufficient to meet short- and medium-term obligations.

Leverage reached 3.04x Net Debt/EBITDA and 2.68x Net Debt/EBITDA-A, our covenant benchmark. Excluding the one-
off effects on EBITDA (Bargain Purchase of FSJ and reversal of provision related to Sistema S), our leverage is 3.33x due
to the aforementioned projects under implementation, which required significant investments concentrated in the first
half of the year. This expansion Capex has not yet been converted into revenue, but it has already had an impact on our
net debt. The start-up of these projects will result in the conversion of these investments into cash generation in the
coming months, strengthening our potential for deleveraging in 2024.

COMMITMENT TO EXCELLENCE

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We reinforce our unique positioning and commitment to continuous improvement of our processes, operational
efficiency and financial discipline. Our numbers prove that we continue to create value for our customers, employees
and shareholders. We will continue to focus on our development, optimizing the allocation of capital and disciplining
the management of our businesses.
In May 2024, we released the 2023 Integrated Annual Report, reaffirming our commitment to transparency and ESG
best practices. Among the highlights of the report, we reduced our CO2 emissions by 15% in the comparison between
2023 and 2022, driven by investments in fleet modernization, driver training and sustainable technologies. In response
to the rains in Rio Grande do Sul, together with the companies of the Simpar Group, we donated more than half a million
reais and transported 250,000 liters of water and 15,000 essential products to support the affected communities. We
strengthened our commitment to diversity and inclusion by launching four new editions of the Women Behind the
Wheel program and an unprecedented edition of Women in Maintenance program. We were recognized for the second
consecutive year as the best logistics supplier in Brazil in a global award by General Motors and renewed our ISO 9001
and 14001 certifications, demonstrating the evolution of our quality and environmental management. For Fadel, we
received the Best Logistics Operator award from Ambev. These achievements reflect our focus on sustainable logistics
solutions and our positive impact on our customers' operations, the lives of our People and the environment.
As an integrated logistics operator and absolute leader in the Brazilian market, we are ready to continue this growth
cycle with consistency in delivering results and in our market consolidation strategy. We are deeply grateful to our
employees for their commitment and exceptional performance. We remain committed to our mission of serving our
customers with excellence, speed and quality, offering value and innovation.
Thank you very much,
Ramon Alcaraz
JSL CEO

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The following financial information presented below has been prepared in accordance with International Financial Reporting Standards (IFRS). The
results are presented on a consolidated basis and the information regarding the subsidiaries IC Transportes and FSJ Logística is consolidated from
the date of their acquisition (April 28, 2023 and August 31, 2023, respectively).

Consolidated Results
Consolidated
2Q24 2Q23 ▲Y/Y 1Q24 ▲ Q/Q 1H24 1H23 ▲Y/Y
(R$ million)
Gross Revenue 2,526.6 2,168.3 16.5% 2,444.6 3.4% 4,971.1 4,014.6 23.8%
Gross Revenue from Services 2,454.2 2,105.1 16.6% 2,365.8 3.7% 4,819.9 3,891.8 23.8%
Gross Revenue from Asset Sales 72.4 63.1 14.7% 78.8 -8.2% 151.2 122.8 23.1%
Net Revenue 2,142.6 1,839.6 16.5% 2,070.3 3.5% 4,212.9 3,403.2 23.8%
Net Revenue from Services 2,073.2 1,779.2 16.5% 1,993.4 4.0% 4,066.6 3,284.6 23.8%
Dedicated Operations 688.7 619.5 11.2% 670.5 2.7% 1,359.2 1,184.0 14.8%
Cargo Transportation 973.8 815.9 19.3% 930.6 4.6% 1,904.3 1,418.9 34.2%
Urban Distribution 142.3 128.8 10.5% 144.5 -1.5% 286.8 263.8 8.7%
Warehousing 268.4 215.0 24.8% 247.9 8.3% 516.3 417.9 23.5%
Net Revenue from Asset Sales 69.4 60.4 14.9% 76.9 -9.7% 146.3 118.5 23.4%
Total Costs (1,767.3) (1,508.9) 17.1% (1,696.6) 4.2% (3,463.9) (2,775.2) 24.8%
Cost of Services (1,706.1) (1,465.7) 16.4% (1,630.2) 4.7% (3,336.3) (2,688.3) 24.1%
Cost of Asset Sales (61.2) (43.2) 41.7% (66.3) -7.7% (127.6) (86.9) 46.8%
Gross Profit 375.3 330.7 13.5% 373.8 0.4% 749.1 628.0 19.3%
Operational Expenses 19.3 175.2 n.a (116.4) n.a (97.1) 87.5 -211.0%
EBIT 394.6 505.9 -22.0% 257.4 53.3% 652.0 715.4 -8.9%
Margin (% NR from Services) 19.0% 28.4% -9.4 p.p. 12.9% +6.1 p.p. 16.0% 21.8% -5.7 p.p.
Financial Result (247.7) (221.7) 11.7% (220.3) 12.4% (468.0) (414.6) 12.9%
Financial Revenues 82.0 17.6 365.6% 63.3 29.6% 145.3 42.0 246.3%
Financial Expenses (329.7) (239.2) 37.8% (283.6) 16.3% (613.3) (456.5) 34.3%
Taxes (39.7) (79.0) -49.7% (3.5) n.a (43.2) (68.8) -37.2%
Net Income (Loss) 107.2 205.2 -47.8% 33.6 219.3% 140.8 232.0 -39.3%
Margin (% NR) 5.0% 11.2% -6.2 p.p. 1.6% +3.4 p.p. 3.3% 6.8% -3.5 p.p.
EBITDA 543.5 613.2 -11.4% 396.0 37.2% 939.5 919.4 2.2%
Margin (% NR from Services) 26.2% 34.5% -8.3 p.p. 19.9% +6.3 p.p. 23.1% 28.0% -4.9 p.p.
EBITDA-A 604.7 656.4 -7.9% 462.4 30.8% 1,067.1 1,006.3 6.0%
Margin (% NR from Services) 29.2% 36.9% -7.7 p.p. 23.2% +6.0 p.p. 26.2% 30.6% -4.4 p.p.
Net CAPEX 151.4 190.2 -20.4% 442.2 -65.8% 593.7 509.2 16.6%
Adjusted¹ EBITDA 398.2 358.5 11.1% 402.8 -1.1% 801.0 664.6 20.5%
Margin (% NR from Services) 19.2% 20.1% -0.9 p.p. 20.2% -1.0 p.p. 19.7% 20.2% -0.5 p.p.
Adjusted¹ EBIT 269.2 257.5 4.5% 280.3 -3.9% 549.5 473.7 16.0%
Margin (% NR from Services) 13.0% 14.5% -1.5 p.p. 14.1% -1.1 p.p. 13.5% 14.4% -0.9 p.p.
Adjusted¹ Net Income 33.0 41.3 -20.2% 48.7 -32.2% 81.7 72.5 12.6%
Margin (% NR) 1.5% 2.2% -0.7 p.p. 2.4% -0.8 p.p. 1.9% 2.1% -0.2 p.p.
¹EBITDA, EBIT, and Adjusted Net Income for Q2 2023 and Q1 2024, as reported at the time. In Q2 2024, EBITDA was adjusted by R$ 145.3
million, EBIT by R$ 125.4 million, and Net Income by R$ 74.2 million. The adjustments were made to exclude the effects of the write-off
of the goodwill value allocated to the cost of asset sales, payment of contingent liability retroactive to 2014, positive impact from the
reversal of the System S provision, and to exclude the effects of goodwill/excess value amortization from acquisitions.

Net Revenue from Services reached R$2,073.2, 17% higher than in 2Q23, as a result of the implementation of new
contracts over the last twelve months, as well as the consolidation of IC Transportes and FSJ in May/23 and
September/23, respectively. Despite the seasonally weaker second quarter, we continued to expand our presence in
virtually all sectors of the economy, combining organic growth through new contracts with strategic acquisitions and
the development of these companies. This gives us multiple avenues for growth.

In terms of economic sectors, we highlight the increase in our presence in E-commerce (5% of sales in 2Q24), mainly
due to the rapid growth of FSJ after the acquisition, and in Chemicals (8% of sales) and Fuels (2% of sales), driven by the
acquisition of IC and the contracts implemented by Rodomeu and JSL. Food and Beverage remains the most important
sector for our revenues (25% of revenues in 2Q24), followed by Pulp and Paper (15% of revenues), Automotive (13% of
revenues) and Consumer Goods (11% of revenues), sectors in which we are present throughout the logistics chain with
Transportation, Dedicated Operations, Warehousing and Urban Distribution Services.

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We maintained a balance between Asset-Light and Asset-Heavy operations, which accounted for 52% and 48% of Net
Revenue from Services, respectively.

Growth in services remained steady:

• Our Cargo Transportation service (47% of Net Revenue from Services in 2Q24) grew by 19% year-on-year, driven
by the consolidation of FSJ and the organic growth from new contracts. It is worth noting that FSJ has grown
rapidly since joining the JSL ecosystem and has contributed to increasing our presence in E-commerce, in
particular. Volumes increased in the Food & Beverage and Automotive sectors, due to an increase in demand
for the transportation of chilled and frozen food and in demand for the transportation of new vehicles. We
would like to point out that our largest presence in this type of service is in specialized cargo with dedicated
services, where there are higher barriers to entry and predictable demand.
• The Dedicated Operations segment (33% of Net Revenue from Services in 2Q24) grew 11% vs. 2Q23, driven by
the ramp-up of a significant Pulp and Paper contract, a sector that grew 36% vs. 2Q23, and other deployments
during the first half of the year. Increased demand in the automotive sector also contributed to the growth in
Intralogistics service revenues.
• Warehousing operations (13% of Net Revenue from Services in 2Q24) recorded a 25% increase in revenue
compared to 2Q23. The operations showed robust growth due to the implementation of new projects over the
last twelve months. In addition, we completed other major deployments in 2Q24, which will contribute more
significantly to revenues from the next quarter.
• The Urban Distribution segment (7% of Net Revenue from Services in 2Q24) grew by 11% year-on-year,
particularly in the Food and Beverage sector, due to higher demand and new contracts in the Fadel and JSL
operations. In addition, as mentioned above, Fadel also completed important implementations in the quarter
and will start generating revenue as of 3Q24.

BREAKDOWN OF NET REVENUE FROM SERVICES (2Q24)

8% 5%
FOOD AND BEVERAGE
7% 25% PULP AND PAPER
CARGO TRANSPORTATION
13% 9%
OTHERS

DEDICATED OPERATIONS
47% Sectors AUTOMOTIVE
Services 11% CONSUMER GOODS
WAREHOUSING 15%
STEEL AND MINING

33% URBAN DISTRIBUTION 13% 14% CHEMICALS

RETAIL/E-COMMERCE

Adjusted EBITDA was R$398.2 million in 2Q24 (reported R$543.5 million), up 11% from 2Q23. The EBITDA margin
remained at 19.2%, an appropriate level for our business, even with the atypical concentration of projects being
implemented this quarter by Fadel, JSL and TPC. These figures underscore the continued development of our
operational efficiency and our ability to maintain margins at levels commensurate with the capital invested in each of
our businesses.
Adjusted Net Income for the quarter was R$33.0 million (reported R$107.2 million). In addition to the concentration of
deployments in the quarter, with pre-operating costs, depreciation of the assets being deployed and financial costs
related to the investments made, we also had the effect of managing our liabilities, with the cost of carrying the CRA
issued to prepay the Company's debts, as explained above. However, these same factors will contribute positively to
the results and cost of our debt in the coming quarters. In addition, when comparing results on the same basis, excluding
the effects of the ICMS subsidy in 2Q23 and Interest on Equity in 2Q24, Net Income growth was 21%, outpacing revenue
and EBITDA growth as a result of operating efficiencies, capital allocation discipline and a reduction in the cost of debt.

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 Asset Light
Asset Light
2Q24 2Q23 ▲Y/Y 1Q24 ▲ Q/Q 1H24 1H23 ▲Y/Y
(R$ million)
Gross Revenue 1,318.7 1,169.7 12.7% 1,245.8 5.8% 2,564.5 2,166.1 18.4%
Net Revenue 1,099.3 978.7 12.3% 1,038.9 5.8% 2,138.2 1,809.2 18.2%
Net Revenue from Services 1,082.9 970.0 11.6% 1,026.0 5.5% 2,108.9 1,791.2 17.7%
Dedicated Operations 198.6 176.8 12.3% 185.0 7.3% 383.5 342.2 12.1%
Cargo Transport 584.1 550.4 6.1% 563.4 3.7% 1,147.5 971.0 18.2%
Urban Distribution 31.8 27.8 14.6% 29.7 7.0% 61.6 60.0 2.6%
Warehousing 268.4 215.0 24.8% 247.9 8.3% 516.3 417.9 23.5%
Net Revenue from Asset Sales 16.4 8.7 88.5% 12.9 26.6% 29.3 18.0 62.4%
Total Costs (944.6) (826.4) 14.3% (878.3) 7.5% (1,822.8) (1,507.6) 20.9%
Cost of Services (930.1) (820.6) 13.3% (868.3) 7.1% (1,798.4) (1,495.2) 20.3%
Personnel (310.0) (233.2) 32.9% (268.5) 15.4% (578.5) (438.8) 31.8%
Third parties truck drivers (383.0) (393.1) -2.6% (377.9) 1.4% (760.9) (692.6) 9.9%
Fuel and lubricants (57.8) (39.9) 45.0% (56.4) 2.5% (114.3) (72.8) 57.0%
Parts / tires / maintenance (49.3) (43.2) 14.2% (51.3) -4.0% (100.6) (82.3) 22.2%
Depreciation / amortization (74.5) (50.3) 48.2% (56.5) 31.9% (131.0) (96.1) 36.4%
Others (55.4) (61.0) -9.1% (57.7) -3.9% (113.1) (112.6) 0.5%
Cost of Asset Sales (14.4) (5.8) 150.2% (9.9) 45.3% (24.4) (12.5) 95.8%
Gross Profit 154.7 152.3 1.6% 160.7 -3.7% 315.4 301.6 4.6%
Operational Expenses (61.6) (34.8) 76.9% (58.8) 4.9% (120.4) (86.7) 38.9%
EBIT 93.1 117.4 -20.7% 101.9 -8.6% 195.1 214.9 -9.2%
Margin (% NR from Services) 8.6% 12.1% -3.5 p.p. 9.9% -1.3 p.p. 9.2% 12.0% -2.7 p.p.
EBITDA 176.6 178.9 -1.3% 170.5 5.0% 347.1 332.0 4.5%
Margin (% NR from Services) 16.3% 18.4% -2.1 p.p. 16.6% -0.3 p.p. 16.5% 18.5% -2.1 p.p.

Net Revenue from Services in Asset Light amounted to R$ 1,082.9 million, up 12% from 2Q23, due to the
consolidation of FSJ, increased demand from customers on the Automotive sector and the expansion of
intralogistics operations. Cargo Transportation grew by 6% year-on-year, below the company's average, due to
the previously-mentioned downsizing of IC Transportes. Warehousing, on the other hand, showed significant
growth of 25% compared to 2Q23, thanks to the new contracts implemented by TPC and JSL in the first half of
the year In terms of economic sectors, Automotive accounted for 24% of the segment's revenue (milk run
services, intralogistics and vehicle transportation), Consumer Goods accounted for 18% (with a focus on
warehousing and transfers between DCs) and Food & Beverage, 13% (transportation and warehousing).

The segment's EBITDA for the quarter was R$176.6 million, with a margin of 16.3%. The margin was under
pressure this quarter due to the natural seasonality of our business, in addition to the results of IC, which are
still in the process of repositioning results, as well as the concentration of projects being implemented in
Intralogistics and Warehousing. These implementations also contributed to an increase in personnel costs in
excess of revenue growth in Warehousing and Dedicated Operations, services that are directly related to these
costs, and put pressure on the EBIT margin due to the rents for the warehouses of these operations. It is
important to note that there was a decrease in the costs with Independent Truckers and Third Parties, the main
costs related to Cargo Transportation and Urban Distribution, which together grew 7% vs. 2Q23. This shows
that the adjustment needed to restore the segment's margins is related to the operating structure, especially
IC’s, as revenues have grown above the main variable costs of this operation.

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 Asset Heavy
Asset Heavy
2Q24 2Q23 ▲Y/Y 1Q24 ▲ Q/Q 1H24 1H23 ▲Y/Y
(R$ million)
Gross Revenue 1,207.9 998.5 21.0% 1,198.8 0.8% 2,406.7 1,848.5 30.2%
Net Revenue 1,043.3 860.9 21.2% 1,031.4 1.2% 2,074.7 1,594.0 30.2%
Net Revenue from Services 990.3 809.2 22.4% 967.5 2.4% 1,957.7 1,493.5 31.1%
Dedicated Operations 490.2 442.6 10.7% 485.5 1.0% 975.7 841.7 15.9%
Cargo Transport 389.6 265.5 46.7% 367.2 6.1% 756.9 447.8 69.0%
Urban Distribution 110.5 101.0 9.4% 114.7 -3.7% 225.2 203.8 10.5%
Warehousing - - n.a - n.a - - n.a
Net Revenue from Asset Sales 53.0 51.7 2.6% 64.0 -17.1% 117.0 100.5 16.4%
Total Costs (822.8) (682.5) 20.6% (818.3) 0.5% (1,641.1) (1,267.6) 29.5%
Cost of Services (776.0) (645.1) 20.3% (761.9) 1.9% (1,537.9) (1,193.1) 28.9%
Personnel (334.1) (290.5) 15.0% (314.7) 6.2% (648.8) (533.3) 21.7%
Third parties truck drivers (25.9) (26.2) -1.4% (25.6) 1.1% (51.4) (51.9) -0.9%
Fuel and lubricants (192.1) (133.7) 43.7% (199.2) -3.6% (391.3) (260.4) 50.3%
Parts / tires / maintenance (125.0) (101.6) 23.0% (120.1) 4.1% (245.1) (186.1) 31.7%
Depreciation / amortization (50.1) (43.0) 16.5% (56.2) -11.0% (106.3) (81.7) 30.1%
Others (48.9) (50.0) -2.4% (46.0) 6.1% (94.9) (79.7) 19.0%
Cost of Asset Sales (46.8) (37.4) 25.0% (56.4) -17.1% (103.2) (74.4) 38.6%
Gross Profit 220.5 178.4 23.6% 213.1 3.5% 433.6 326.4 32.9%
Operational Expenses (67.1) (44.7) 50.1% (57.7) 16.4% (124.8) (80.6) 154.8%
EBIT 153.4 133.7 14.8% 155.5 -1.3% 308.9 245.7 25.7%
Margin (% NR from Services) 15.5% 16.5% -1.0 p.p. 16.1% -0.6 p.p. 15.8% 16.5% -0.7 p.p.
EBITDA 218.8 179.6 21.8% 225.6 -3.0% 444.4 332.6 33.6%
Margin (% NR from Services) 22.1% 22.2% -0.1 p.p. 23.3% -1.2 p.p. 22.7% 22.3% +0.4 p.p.

In Asset Heavy, Net Revenue from Services was R$990.3 million in 2Q24, an increase of 22% over the same
quarter last year. Cargo Transportation grew by 47% in the period, due to new contracts in Food and Beverage,
E-commerce and Chemical sectors, with Marvel, FSJ and JSL standing out for their growth in these sectors.
Dedicated Operations grew by 11% compared to 2Q23, mainly due to the ramp-up of an important project in
the Pulp and Paper sector implemented along 2023. Urban Distribution grew by 9% compared to 2Q23 due to
increased demand from Fadel. In terms of economic sectors, Food and Beverage accounted for 38% of the
segment's revenues (with chilled and frozen food transportation and urban distribution), Pulp and Paper for
25% (with services throughout the customer's production chain) and Mining for 11% (with transportation,
vehicle and equipment rental with drivers, and chartering services).

EBITDA grew by 22% over 2Q23, reaching R$218.8 million. The EBITDA margin was 22.1%, although impacted
by the execution of a major Pulp and Paper contract at JSL and the new Fadel operations, which will still
contribute positively to the results. These margins demonstrate our ability to integrate projects with returns
commensurate with the investment required, to improve operational efficiency through cost reduction
programs, and at the same time to regain profitability on some existing contracts.

9
 Financial Results
Finacial Result
2Q24 2Q23 ▲Y/Y 1Q24 ▲Q/Q 1H24 1H23 ▲Y/Y
(R$ mm)
Financial Revenues 82.0 17.6 365.6% 63.3 30% 145.3 42.1 245.0%
Financial Expenses (329.7) (239.2) 37.8% (283.6) 16.3% (613.3) (456.7) 34.3%
Financial Result (247.7) (221.6) 11.8% (220.3) 12.4% (468.0) (414.6) 12.9%

The increase in financial expenses with loan servicing (2Q24x2Q23) was R$91.8 million (+38%), impacted by
R$140.0 million due to the higher average gross debt during the period, partially offset by R$48.2 million due
to the reduction in the CDI rate and spread on our debt. The increase in gross debt is due to the consolidation
of the acquisitions made in 2023 and investments in the implementation of new projects that will contribute to
the generation of revenues in the coming quarters. Other financial expenses also contributed to the variation
in the Net Financial Result, such as the cost of prepayment of debentures totaling R$13.2 million (cash
disbursement for prepayment fees and recognition of financing costs that were deferred over the contractual
term), which is part of our debt reprofiling strategy.

Capital Structure
Debt
2Q24 2Q23 ▲Y/Y 1Q24 ▲Q/Q
(R$ million)
Gross Debt 7,771.3 5,115.0 51.9% 8,679.6 -10.5%
Cash and Cash Equivalents 2,398.0 758.9 216.0% 3,720.4 -35.5%
Net Debt 5,373.2 4,356.2 23.3% 4,959.2 8.3%
Average cost of Net Debt (p.y.) 13.6% 16.0% -2.5 p.p. 13.7% -0.1 p.p.
Net Debt cost after taxes (p.y.) 9.0% 10.6% -1.6 p.p. 9.0% -0.1 p.p.
Average term of net debt (years) 5.9 3.7 60.1% 6.0 -1.3%
Average cost of Gross Debt (p.y.) 12.7% 15.2% -2.5 p.p. 11.6% +1.2 p.p.
Average term of gross debt (years) 4.5 3.4 31.3% 4.0 11.6%

We had a capital structure throughout 2Q24 that did not benefit from the our debt reprofiling. We issued R$
1.75 billion of CRA in February 2024, and the use of these funds to prepay approximately R$1 billion in
debentures and other debts was only completed in June 2024. This prepayment will reduce the average spread
on our debt by 0.5 p.p.. We ended 2Q24 with R$2.4 billion in cash and financial investments, and R$817 million
in revolving credit lines, resulting in R$3.2 billion in liquidity sources, or 2.1 times our short-term debt. This
volume sufficient to repay the debt until the first quarter of 2027. It should be noted that the average cost of
gross debt is calculated by weighting the financial expenses with loan servicing by the average debt at the end
of the periods. Therefore, the carrying of the CRA to prepay the Company's debt had an impact on the average
cost.
Leverage
2Q24 1Q24 2Q23
(R$ million)
Net Debt / EBITDA 3.04x 2.68x 2.74x
Net Debt/ EBITDA-A 2.68x 2.40x 2.45x
EBITDA-A / Financial Result 2.77x 2.98x 2.90x
EBITDA LTM 1,769.7 1,848.7 1,591.8
EBITDA-A LTM 2,003.9 2,066.6 1,774.6
¹EBITDA-A calculated according to the covenants methodology."

Our leverage was 3.04x Net Debt/EBITDA and 2.68x Net Debt/EBITDA-A, our covenant benchmark. Excluding
the non-recurring effects of the Bargain Purchases of IC Transportes and FSJ, and the release of provisions
related to Sistema S, the Net Debt/EBITDA leverage ratio reached 3.33x, stable compared to 2Q23. The coverage
ratio measured by EBITDA-A/Net Financial Result was 2.77x. We have kept our leverage ratios under control,
even with the investments over the last twelve months, which have not yet been converted into 12 months of
revenues (and results). This result reflects our strong cash generation, our agility in implementing projects and
an appropriate acquisition model and continued organic and inorganic growth without putting pressure on our
capital structure.

10
 Investments
Investments
2Q24 2Q23 ▲Y/Y 1Q24 ▲Q/Q 1H24 1H23 ▲Y/Y
(R$ million)
Gross capex by nature 223.8 253.3 -11.6% 521.1 -57.0% 744.9 632.0 17.9%
Expansion 190.9 197.6 -3.4% 365.6 -47.8% 556.4 558.8 -0.4%
Maintenance 14.0 54.8 -74.5% 148.6 -90.6% 162.6 72.4 124.6%
Others 19.0 0.8 2218.1% 6.9 175.0% 25.9 0.9 2817.4%
Gross capex by type 223.8 253.3 -11.6% 521.1 -57.0% 744.9 632.0 17.9%
Trucks 115.0 146.4 -21.5% 463.1 -75.2% 578.1 330.3 75.0%
Machinery and Equipment 24.0 62.9 -61.8% 39.8 -39.6% 63.9 99.9 -36.1%
Light Vehicles 37.3 24.5 52.2% 7.6 392.2% 44.8 160.2 -72.0%
Bus 13.2 0.8 1611.0% 2.1 541.1% 15.3 4.9 212.3%
Others 34.2 18.6 83.7% 8.5 303.0% 42.7 36.8 16.2%
Sale of assets 72.4 63.1 14.7% 78.8 -8.2% 151.2 122.8 23.1%
Total net capex 151.4 190.2 -20.4% 442.2 -65.8% 593.7 509.2 16.6%

Net Capex in 2Q24 amounted to R$151.4 million. Gross Capex amounted to R$223.8 million, of which 85% was
for expansion to cover the implementation of new contracts and secure future revenues.

It is important to note that JSL does not operate with an inventory of assets; we only make investments for
direct application in each operation once commercial contracts have been signed. The cash effect of the
investments made during the period is reflected in the 'Cash Flow' session.

Returns
2Q24 2Q23 1Q24 Running
ROIC (Return on Invested Capital)
LTM LTM LTM Rate LTM
EBIT 1,218.0 1,151.5 1,329.3 1,146.6
Effective Rate 0% 7% 10% 22%
NOPLAT 1,216.2 1,076.5 1,196.9 894.3

Current Period Net Debt 5,373.2 4,356.2 4,959.2 3,950.3

Previous Period Net Debt 4,356.2 3,022.3 3,784.1 4,188.0
Average Net Debt 4,864.7 3,689.2 4,371.6 4,069.1

Current Period Equity 1,818.5 1,632.5 1,698.3 1,818.5

Previous Period Equity 1,632.5 1,351.7 1,436.1 1,632.5
PL médio 1,725.5 1,492.1 1,567.2 1,725.5

Invested Capital Current Period 7,191.7 5,988.7 6,657.5 5,768.8

Invested Capital Previous Period 5,988.7 4,374.0 5,220.2 5,820.5
Average Invested Capital 6,590.2 5,181.3 5,938.9 5,794.6

ROIC 18.5% 20.8% 20.2% 15.4%

Our invested capital is always linked to projects already contracted, with the generation of revenues and results
foreseen in the project, guaranteeing the evolution of profitability, measured by ROIC, over the last few years.
In 2Q24, our reported LTM ROIC was 18.5% and ROIC Running rate was 15.4%.

As assumptions for the ROIC Running Rate, we have used the adjusted EBIT of the last twelve months, excluding
the effect of the bargain purchase of FSJ, a normalized tax rate of 22% and we have excluded from the current
net debt the investments made since 3Q23 in projects whose operations are not yet fully reflected in our
revenue generation. It is important to note that ROIC has not yet fully benefited from the consolidation of FSJ,
which only entered our portfolio in September/23. IC Transportes is now also impacting the capital invested in
the previous period (2Q23), resulting in a significant increase in the average capital invested for the purpose of
calculating ROIC, without yet making a significant contribution to results due to the aforementioned process of
rebalancing the company's profitability.

11
 Cash Flow

Cash Flow (R$ million) 2Q24 1Q24 2Q23 1H24 1H23

EBITDA 543.6 396.0 613.2 939.6 919.4

Working Capital (72.3) 79.0 34.2 6.7 44.3
Cost of asset sales for rent and services provided 61.2 66.3 43.2 127.6 86.9
Maintenance Capex (14.0) (148.6) (41.6) (162.6) (59.2)
Non Cash and Others (128.2) 54.3 (286.4) (73.9) (263.5)
Cash generated by operational activities 390.3 447.1 362.5 837.4 727.9
(-) Income tax and social contribution paid (4.0) (5.6) (2.7) (9.5) (7.9)
(-) Capex others (19.0) (6.9) (0.8) (25.9) (0.9)
Free Cash Flow 367.3 434.6 359.1 802.0 719.1
(-) Expansion Capex (434.7) (263.1) (446.8) (697.8) (864.4)
(-) Companies acquisition - - (51.9) - (51.9)
Cash flow after growth (67.3) 171.6 (139.7) 104.2 (197.2)

Our focus on pricing new contracts at an appropriate level of profitability and efficient capital allocation allows
us to maintain strong cash generation from operations, providing a solid business model and capacity for growth
without compromising our capital structure. Expansion Capex with a cash effect is net of the benefits of
financing lines (FINAME) and supplier payment terms. We emphasize that most of the investments planned for
the year have already been made in the first half of the year, so that the benefit of the results and cash
generation of these implemented projects will be seen from the second half of 2024, favoring our potential for
cash generation after growth and deleveraging in the year.

12
 Exhibit I - EBITDA and Net Profit Reconciliation
EBITDA Reconciliation
2Q24 2Q23 ▲Y/Y 1Q24 ▲Q/Q 1H24 1H23 ▲Y/Y
(R$ million)
Total Net Income 107.2 205.2 -47.8% 33.6 219.3% 140.8 232.0 -39.3%
Financial Result 247.7 221.7 11.7% 220.3 12.4% 468.0 414.6 12.9%
Taxes 39.7 79.0 -49.7% 3.5 1044.1% 43.2 68.8 -37.2%
Depreciation and Amortization 148.9 107.4 38.7% 138.7 7.4% 287.5 204.0 41.0%
Fixed asset depreciation 113.5 80.3 41.4% 101.2 12.2% 214.7 151.9 41.3%
IFRS 16 depreciation 35.3 27.1 30.5% 37.5 -5.8% 72.8 52.0 40.0%
EBITDA 543.5 613.2 -11.4% 396.0 37.2% 939.5 919.4 2.2%
Cost of Asset Sales (61.2) (43.2) 41.7% 66.3 -192.3% 5.1 86.9 -94.1%
EBITDA-A 604.7 656.4 -7.9% 462.4 30.8% 1,067.1 1,006.3 6.0%
Extemporaneus net credits (151.7) - n.a - n.a (151.7) - n.a
Provisions 3.6 - n.a - n.a 3.6 - n.a
Additional value from acquisitions 2.7 - n.a 6.8 n.a 9.5 (254.8) -103.7%
Adjusted EBITDA 1 398.2 613.2 -35.1% 402.8 -1.2% 801.0 664.6 20.5%
Adjusted EBITDA ex IFRS 16 362.8 586.2 -38.1% 365.3 -0.7% 949.0 585.8 62.0%
EBITDA ex IFRS 16 508.2 586.2 -13.3% 358.5 41.7% 1,094.3 586.0 86.7%

¹In Q2 2024, EBITDA was adjusted by R$ 2.7 million to exclude the effect of the write-off of the goodwill value allocated to the cost of asset sales, by
R$ 3.6 million to exclude the payment of contingent liability retroactive to 2014, and by R$ 151.7 million to exclude the positive impact from the
reversal of the System S provision.

Net Income Reconciliation(R$ million) 2Q24 2Q23 ▲Y/Y 1Q24 ▲Q/Q 1H24 1H23 ▲Y/Y

Lucro Líquido 107.2 205.2 -47.8% 33.6 219.3% 140.8 232.0 -39.3%
Write-off of improvements (100.1) - n.a - n.a (100.1) - n.a
Provisions 10.9 - n.a - n.a 10.9 - n.a
Additional value from acquisitions 1.8 (168.1) -101.1% 4.5 n.a 6.3 (168.1) -103.8%
PPA amortization 13.1 4.2 213.1% 10.7 n.a 23.8 8.6 177.3%
Adjusted Net Income1 33.0 41.3 -20.2% 48.7 -32.2% 81.7 72.5 12.6%
Margin (% NR ) 1.5% 2.2% -0.7 p.p. 2.4% -0.8 p.p. 1.9% 2.1% -0.2 p.p.

¹In Q2 2024, Net Income was adjusted by R$ 1.8 million to exclude the effect of the write-off of the goodwill value allocated to the cost of asset
sales, by R$ 2.4 million to exclude the payment of contingent liability retroactive to 2014, by R$ 8.5 million to exclude the prepayment costs of
the Company's debts, by R$ 100.1 million to exclude the positive impact from the reversal of the System S provision, and by R$ 13.1 million to
exclude the effects of goodwill/excess value amortization from acquisitions.

13
 Exhibit II – Balance Sheet
Assets (R$ million) 2Q24 1Q24 2Q23 Liabilities (R$ million) 2Q24 1Q24 2Q23
Current assets Current liabilities
Cash and cash equivalents 544.9 624.8 528.7 Providers 318.6 557.3 322.3
Securities 1,852.7 3,095.6 230.2 Derivative Financial Instruments 66.1 85.1 -
Derivative financial instruments 111.6 31.8 0.0 Loans and financing 1,532.5 785.3 426.5
Accounts receivable 1,512.2 1,472.9 1,316.2 Debentures 23.2 52.2 65.9
Inventory / Warehouse 78.1 70.8 57.3 Financial lease payable 32.9 31.8 18.3
Taxes recoverable 112.6 103.5 106.6 Lease for right use 123.6 125.2 101.3
Income tax and social contribution 63.1 45.7 46.2 Labor obligations 385.9 366.6 437.5
Other credits 26.9 26.1 7.4 Tax liabilities 4.3 5.4 4.6
Prepaid expenses 70.0 71.6 63.6 Income and social contribution taxes payable 138.9 150.1 123.7
Assets available for sale (fleet renewal) 405.8 206.0 97.5 Other Accounts payable 99.7 86.4 64.5
Third-party payments 60.1 51.8 37.1 Advances from customers 23.6 35.5 45.9
Acquisition of companies payable 130.9 113.2 75.9
Total current assets 4,838.0 5,800.7 2,490.8 Total current liabilities 2,880.1 2,394.1 1,686.4

Non-current assets
Non-current Non-current liabilities
Securities 0.5 - - Loans and financing 4,670.8 5,637.7 2,890.6
Derivative financial instruments 135.7 273.3 177.1 Debentures 1,564.8 2,300.4 1,799.4
Accounts receivable 29.0 37.2 24.6 Financial lease payable 81.4 87.0 91.5
Taxes recoverable 97.8 162.4 115.6 Lease for right use 428.5 427.2 346.0
Deferred income and social contribution taxes 12.8 7.0 14.7 Tax liabilities 26.6 28.3 -
Judicial deposits 69.4 63.5 64.6 Provision for judicial and administrative claims 553.6 592.0 33.4
Income tax and social contribution 146.5 143.1 44.6 Deferred income and social contribution taxes 226.5 185.1 605.6
Related parts - - - Related parties 2.2 2.1 155.3
Compensation asset by business combination 453.7 484.4 523.3 Other Accounts payable 16.1 24.0 1.9
Other credits 52.8 34.5 35.9 Company acquisitions payable 497.7 556.2 5.1
Labor obligations 9.4 142.2 467.5
Derivative financial instruments 47.0 5.3 1.3
Total 998.1 1,205.4 1,000.4 Total non-current liabilities 8,124.5 9,987.5 6,397.6

Investments - - -
Property, plant and equipment 6,060.6 6,137.8 5,352.4
Intangible 926.4 936.0 872.9
Total 6,987.0 7,073.8 6,225.3

Total non-current assets 7,985.1 8,279.2 7,225.7 Total Equity 1,818.5 1,698.3 1,632.5

Total Assets 12,823.1 14,079.9 9,716.5 Total Liabilities and Equity 12,823.1 14,079.9 9,716.5

14
 Glossary

EBITDA-A or EBITDA Added – Corresponds to EBITDA plus the residual accounting cost from the sale of fixed
assets, which does not represent operational cash disbursements, as it is merely an accounting representation
of the write-off of assets at the time of sale. Thus, the Company’s Management believes that EBITDA-A is a most
adequate measure of operating cash flow than traditional EBITDA as a proxy for cash generation to gauge the
Company’s capacity to meet its financial obligations. We also emphasize that based on public issuance deeds
of debentures, to calculate leverage and coverage of net financial expenses, EBITDA-A corresponds to the
earnings before financial results, taxes, depreciation, amortization, impairment of assets and equity
equivalence, plus the sale of assets used in the provision of services, calculated over the last 12 (twelve) months,
including the EBITDA Added of the last 12 (twelve) months of the merged and/or acquired companies.

IFRS16 - The International Accounting Standards Board (IASB) has issued CPC 06 (R2) /IFRS 16, which requires
lessees to recognize most leases on the balance sheet, with a liability for future payments and an asset for the
right-of-use being recorded. The standard entered into effect as of January 1, 2019.

Additional Information
The purpose of this Earnings Release is to detail the financial and operating results of JSL S.A. The financial
information is presented in millions of Reais, unless otherwise indicated. The Company’s interim financial
information is prepared under the Brazilian Corporation Law and is presented on a consolidated basis under
CPC-21 (R1) Interim Financial Reporting and IAS 34 - Interim Financial Reporting, issued by the IASB.

As of January 1, 2019, JSL adopted CPC 06 (R2)/IFRS 16 in its accounting financial statements corresponding to
the 1Q19. None of the changes leads to the restatement of the financial statements already published.
Due to rounded figures, the financial information presented in the tables in this document may not reconcile
exactly with the figures presented in the audited consolidated financial statements.
Disclaimer
We make forward-looking statements that are subject to risks and uncertainties. Such statements are based on
the beliefs and assumptions of our Management and are based on information currently available to the
Company. Forward-looking statements include information about our intentions, beliefs, or current
expectations and those of the Company’s Board of Directors and Management.

Disclaimers for forward-looking information and statements also include information about possible or
supposed operating results, as well as statements that are preceded by, followed by, or that include the words
“believes,” “may,” “will,” “continues,” “expects,” “predicts,” “intends,” “plans,” “estimates,” or similar
expressions.

Forward-looking statements and information are not guarantees of performance. They involve risks,
uncertainties, and assumptions as they relate to future events and depend, therefore, on circumstances that
may or may not occur. Future results and shareholder value creation may differ materially from those expressed
or implied by the forward-looking statements. Many of the factors that will determine these results and values
are beyond our ability to control or predict.

15
 Conference Call and Webcast
Date: August 8, 2024, Thursday

Time: 11:00 a.m. (Brasília)

10:00 am (New York) - With simultaneous translation

Connection phones:
Brazil: +55 11 4632-2236
Other countries: +1 646 558-8656

Access code: JSL

Webcast: [Link]

Webcast access: The presentation slides will be available for viewing and downloading in the Investor Relations
section of our website [Link]. The audio for the conference call will be streamed live on the platform and
will be available after the event.

For further information, please contact the Investor Relations Department:

Phone: +55 (11) 3154-4013 | ri@[Link] | [Link]

16