Odontoprev 1Q24: Net adds of 16 thousand lives. Bradesco Dental the highlight on SMEs. 90% payout.

SINCE 2020, LTM DENTAL CARE RATIO STABLE AT 40% AND EPS CAGR OF 11%.

Barueri, May 07th, 2024.

Odontoprev (B3: ODPV3), listed in São Paulo since 2006, the market leader on dental benefits in Latin America, is pleased to present its 1Q24 results.

Growth

• Net adds of 16 thousand new lives, versus a 53 thousand decrease in 1Q23;
• Bradesco Dental the best-selling brand, adding 26 thousand SME and Individual plan members;
• Revenue up 5%, SMEs and Odontored (Mexico) were the highlights;

Efficiency and value creation

• Dental care ratio of 35% in 1Q24, with a stable 40% level since 2020;
• Adjusted EBITDA margin of 37% in 1Q24 and 30% LTM;

Results and Shareholder remuneration

• Net income of R$155 million. 11% EPS CAGR since 2020;
• Financial income up 22% YoY, with a R$1.2 billion Net cash position. Zero debt. 42% ROE;
• Quarterly dividend of R$73 million + R$23 million IOC + R$44 million Buybacks = R$140 million, 90% payout ratio over R$155 million Net income.

Please join our videoconference tomorrow, Wednesday, May 08th, at 09:00 a.m. Eastern time (02:00 p.m. London and 10:00 a.m. Brazil), with simultaneous translation to English.

Click hereto access the videoconference.

Click hereto access the 1Q24 Earnings Release.

With best regards,

José Roberto Pacheco

CFO & IRO [e-mail]