Grupo Vamos (VAMO3) investor relations material

Executive summary

• Leadership transition with Christian Hahn as CEO and Rodrigo Faria as Interim CFO, emphasizing continuity, execution, and operational efficiency.

• Net revenue for the six months ended June 30, 2026, reached R$3.18 billion, up 16% year-over-year, driven by growth in leasing and industrial segments.

• Record fleet utilization at 89%, with resilient leasing demand, especially for forklifts, and expansion into used asset leasing.

• Net income for 2Q26 reached R$101.1 million, up 22% year-over-year and double the amount from 3Q25.

• R$600 million private capital increase completed in May 2026, strengthening the capital structure and supporting deleveraging.

Financial highlights

• Consolidated net revenue rose 10.8% year-over-year in 2Q26 to R$1.56 billion, with growth across all segments.

• EBITDA hit a record R$972 million in 2Q26, up 8.4% year-over-year, with an EBITDA margin of 88%.

• Used asset sales volume increased 30% year-over-year, with net revenue up 11%.

• Net debt decreased 6.1% year-over-year to R$11.56 billion; leverage ratio improved to 3.00x, lowest since 2022.

• ROIC at 13.9% annualized; ROE at 10.7% for LTM and 13.7% for 2Q26.

Outlook and guidance

• 2026 guidance reiterated, expecting continued improvement in fleet utilization, organic deleveraging, and profit growth from contracted Capex.

• Deployed Capex expected to accelerate in coming quarters as new assets are received.

• No material impacts from ongoing Brazilian tax reform identified for the period.