Motiva Infraestrutura de Mobilidade (MOTV3) investor relations material

Market context and infrastructure needs

• Brazil's infrastructure investment is projected to reach a record BRL 280 billion in 2025, with 94.5% of needs related to transportation and logistics.

• Infrastructure investment as a percentage of GDP in Brazil remains below regional averages, highlighting significant growth potential.

Business overview and portfolio

• Operates 1.2 billion equivalent axles and transports 756 million passengers annually across 189 km of rails.

• Holds a diversified portfolio with leading positions in toll roads and rails, and is the 7th largest private rail operator globally by passenger volume.

• Portfolio EBITDA is primarily generated from toll roads (67.6%) and rails (22.5%), with assets concentrated in strategic Brazilian states.

Financial performance and capital structure

• Adjusted EBITDA is projected to reach BRL 9.5 billion in 2025, with a CAGR above 10% over the last 24 months.

• Market capitalization is approximately BRL 32 billion as of March 2026.

• Net debt/EBITDA is managed within a 2.5x–3.5x range, with a debt duration of 5.1 years and AAA ratings from major agencies.

• Dividend policy targets a 50% payout, with yields between 2.6% and 3.3% from 2022 to 2025.