Camil Alimentos S A : Dados Econômico-Financeiros

DocuSign Envelope ID: B0175E78-2331-45AE-B7CA-31826392C4F1

(A free translation of the original in Portuguese)

Camil Alimentos S.A.

Quarterly Information (ITR) at August 31, 2023

and report on review of quarterly information

DocuSign Envelope ID: B0175E78-2331-45AE-B7CA-31826392C4F1

(A free translation of the original in Portuguese)

Report on review of quarterly information

To the Board of Directors and Shareholders

Camil Alimentos S.A.

Introduction

We have reviewed the accompanying parent company and consolidated interim accounting information of Camil Alimentos S.A. ("Company"), included in the Quarterly Information Form (ITR) for the quarter and six-month period then ended August 31, 2023, comprising the statements of financial position at that date and the statements of profit or loss, comprehensive income, changes in equity and cash flows for the semester then ended, and explanatory notes.

Management is responsible for the preparation of the parent company and consolidated interim accounting information in accordance with the accounting standard CPC 21 (R1), Interim Financial Reporting, of the Brazilian Accounting Pronouncements Committee (CPC) and International Accounting Standard (IAS) 34, Interim Financial Reporting issued by the International Accounting Standards Board (IASB), as well as the presentation of this information in accordance with the standards issued by the Brazilian Securities Commission (CVM), applicable to the preparation of the Quarterly Information (ITR). Our responsibility is to express a conclusion on this interim accounting information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and International Standards on Reviews of Interim Financial Information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Brazilian and International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on the interim information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying parent company and consolidated interim accounting information included in the quarterly information referred to above has not been prepared, in all material respects, in accordance with CPC 21 (R1) and IAS 34 applicable to the preparation of the Quarterly Information, and presented in accordance with the standards issued by the CVM.

PricewaterhouseCoopers Auditores Independentes Ltda., Avenida Brigadeiro Faria Lima, 3732, Edifício B32, 16oSão Paulo, SP, Brasil, 04538-132

T: [phone], www.pwc.com.br

DocuSign Envelope ID: B0175E78-2331-45AE-B7CA-31826392C4F1

Camil Alimentos S.A.

Other matters

Statements of value added

The quarterly information referred to above includes the parent company and consolidated statements of value added for the semester ended August 31, 2023. These statements are the responsibility of the Company's management and are presented as supplementary information under IAS 34. These statements have been subjected to review procedures performed together with the review of the quarterly information for the purpose of concluding whether they are reconciled with the interim accounting information and accounting records, as applicable, and if their form and content are in accordance with the criteria defined in the accounting standard CPC 09 - "Statement of Value Added". Based on our review, nothing has come to our attention that causes us to believe that these statements of value added have not been properly prepared, in all material respects, in accordance with the criteria established in this accounting standard, and consistent with the parent company and consolidated interim accounting information taken as a whole.

São Paulo, October 10, 2023

Renato Barbosa Postal

Contador CRC 1SP187382/O-0

DocuSign Envelope ID: B0175E78-2331-45AE-B7CA-31826392C4F1(A free translation of the original in Portuguese)

Quarterly Information (ITR) - 08/31/2023 - CAMIL ALIMENTOS S.A.

Version: 1

Contents

Company Data

Capital Composition	1
Individual Financial Statements
Statement of Financial Position - Assets	2
Statement of Financial Position - Liabilities	3
Statement of Profit or Loss	5
Statement of Comprehensive Income	6
Statement of Cash Flows (Indirect Method)	7
Statement of Changes in Equity
Statement of Changes in Equity - 03/01/2023 to 08/31/2023	9
Statement of Changes in Equity - 03/01/2022 to 08/31/2022	10
Statement of Value Added	11
Consolidated Financial Statements
Statement of Financial Position - Assets	12
Statement of Financial Position - Liabilities	13
Statement of Profit or Loss	15
Statement of Comprehensive Income	16
Statement of Cash Flows (Indirect Method)	17
Statement of Changes in Equity
Statement of Changes in Equity - 03/01/2023 to 08/31/2023	19
Statement of Changes in Equity - 03/01/2022 to 08/31/2022	20
Statement of Value Added	21
Comments on Company Performance	22
Notes to the Interim Financial Statements	26
Opinions and Representations
Report on Review of Quarterly Information - Unqualified	71
Opinion of the Supervisory Board or Similar Body	72
Summary Report of the Audit Committee (statutory, as established defined by the CVM)	73
Officers' Representation on the Financial Statements	74
Officers' Representation on the Independent Auditor's Review Report	75

DocuSign Envelope ID: B0175E78-2331-45AE-B7CA-31826392C4F1
(A free translation of the original in Portuguese)
Quarterly Information (ITR) - 08/31/2023 - CAMIL ALIMENTOS S.A.	Version: 1
	Company Data / Capital Composition
	Number of Shares	Current Quarter
	(Unit)	08/31/2023
	Paid-up Capital
	Common	350,000,000
	Preferred	0
	Total	350,000,000
	In Treasury
	Common	4,686,500
	Preferred	0
	Total	4,686,500

PAGE: 5 of 74

DocuSign Envelope ID: B0175E78-2331-45AE-B7CA-31826392C4F1(A free translation of the original in Portuguese)

Quarterly Information (ITR) - 08/31/2023 - CAMIL ALIMENTOS S.A.

Version: 1

Individual Financial Statements / Statement of Financial Position - Assets (R$ thousand)

Account	Account Description	Current Quarter	Prior Year
Code		08/31/2023	02/28/2023
1	Total Assets	8,393,666	7,428,167
1.01	Current assets	4,399,242	3,456,698
1.01.01	Cash and cash equivalents	1,623,016	988,730
1.01.03	Accounts receivable	990,197	883,276
1.01.03.01	Customers	990,197	883,276
1.01.04	Inventories	1,574,391	1,391,272
1.01.06	Taxes recoverable	119,712	128,781
1.01.06.01	Current taxes recoverable	119,712	128,781
1.01.07	Prepaid expenses	6,082	3,198
1.01.08	Other current assets	85,844	61,441
1.01.08.03	Other	85,844	61,441
1.01.08.03.01	Derivative financial instruments	2,716	674
1.01.08.03.02	Related parties	33,876	37,098
1.01.08.03.03	Advances to suppliers	25,029	16,159
1.01.08.03.05	Other receivables	24,223	7,510
1.02	Noncurrent assets	3,994,424	3,971,469
1.02.01	Long-term receivables	189,115	220,469
1.02.01.03	Financial investments measured at amortized cost	14,363	13,740
1.02.01.05	Inventories	19,537	15,843
1.02.01.10	Other noncurrent assets	155,215	190,886
1.02.01.10.03	Taxes recoverable	123,171	172,784
1.02.01.10.04	Judicial deposits	8,391	8,648
1.02.01.10.06	Other receivables	7,748	9,454
1.02.01.10.07	Related parties	15,905	0
1.02.02	Investments	1,804,718	1,769,245
1.02.02.01	Equity interests	1,773,120	1,769,245
1.02.02.01.02	Interests in subsidiaries	1,773,120	1,769,245
1.02.02.02	Investment properties	31,598	0
1.02.03	Property, plant and equipment	1,384,591	1,353,661
1.02.03.01	Property, plant and equipment in operation	916,352	953,523
1.02.03.02	Right-of-use assets	147,143	162,507
1.02.03.03	Property, plant and equipment in progress	321,096	237,631
1.02.04	Intangible assets	616,000	628,094
1.02.04.01	Intangibles	616,000	628,094
1.02.04.01.02	Other intangibles	616,000	628,094

PAGE: 6 of 74

DocuSign Envelope ID: B0175E78-2331-45AE-B7CA-31826392C4F1
(A free translation of the original in Portuguese)
Quarterly Information (ITR) - 08/31/2023 - CAMIL ALIMENTOS S.A.		Version: 1
	Individual Financial Statements / Statement of Financial Position - Liabilities
	(R$ thousand)
	Account	Account Description	Current Quarter	Prior Year
	Code		08/31/2023	02/28/2023
2	Total liabilities	8,393,666	7,428,167
2.01	Current liabilities	2,290,876	1,722,597
2.01.01	Social and labor obligations	90,063	82,191
2.01.01.01	Social obligations	33,298	42,090
2.01.01.02	Labor obligations	56,765	40,101
2.01.02	Trade accounts payable	841,744	668,791
2.01.02.01	Domestic suppliers	740,199	616,084
2.01.02.02	Foreign suppliers	101,545	52,707
2.01.03	Tax obligations	5,001	3,467
2.01.03.01	Federal tax obligations	2,378	1,858
2.01.03.01.01	Income tax and social contribution payable	0	87
2.01.03.01.03	Other	2,378	1,771
2.01.03.02	State tax obligations	2,010	1,190
2.01.03.03	Municipal tax obligations	613	419
2.01.04	Loans and financing	1,220,390	802,711
2.01.04.01	Loans and financing	1,185,639	774,061
2.01.04.01.01	In local currency	1,146,886	739,110
2.01.04.01.02	In foreign currency	38,753	34,951
2.01.04.03	Lease liabilities	34,751	28,650
2.01.05	Other obligations	133,678	165,437
2.01.05.01	Payables to related parties	79,549	100,909
2.01.05.01.04	Payables to other related parties	79,549	100,909
2.01.05.02	Other	54,129	64,528
2.01.05.02.01	Dividends and interest on equity distribution payable	6,965	7,190
2.01.05.02.04	Tax installment program	26	1,632
2.01.05.02.07	Advances from customers	24,324	16,795
2.01.05.02.08	Other accounts payable	22,814	27,765
2.01.05.02.09	Investment acquisition payable	0	11,146
2.02	Noncurrent liabilities	3,153,966	2,706,377
2.02.01	Loans and financing	2,962,107	2,470,496
2.02.01.01	Loans and financing	2,838,459	2,328,595
2.02.01.01.01	In local currency	2,838,459	2,328,595
2.02.01.03	Lease liabilities	123,648	141,901
2.02.02	Other obligations	95,918	83,086
2.02.02.02	Other	95,918	83,086
2.02.02.02.03	Tax installment program	32	45
2.02.02.02.04	Other accounts payable	1,918	1,544
2.02.02.02.05	Investment acquisition payable	83,831	71,004
2.02.02.02.06	Provision for negative equity of subsidiaries	10,137	10,493
2.02.03	Deferred taxes	52,866	107,561
2.02.03.01	Deferred income tax and social contribution	52,866	107,561
2.02.04	Provisions	43,075	45,234
2.02.04.01	Provision for tax, social security, labor and civil contingencies	43,075	45,234
2.02.04.01.01	Provision for tax contingencies	9,775	11,278
2.02.04.01.02	Provision for social security and labor contingencies	30,857	31,365
2.02.04.01.04	Provision for civil contingencies	2,443	2,591

PAGE: 7 of 74

DocuSign Envelope ID: B0175E78-2331-45AE-B7CA-31826392C4F1(A free translation of the original in Portuguese)

Quarterly Information (ITR) - 08/31/2023 - CAMIL ALIMENTOS S.A.

Version: 1

Individual Financial Statements / Statement of Financial Position - Liabilities (R$ thousand)

Account	Account Description	Current Quarter	Prior Year
Code		08/31/2023	02/28/2023
2.03	Equity	2,948,824	2,999,193
2.03.01	Capital	937,994	937,994
2.03.01.01	Paid-up capital	950,374	950,374
2.03.01.02	Share issue expenses	-12,380	-12,380
2.03.02	Capital reserves	-10,524	15,775
2.03.02.02	Special goodwill reserve	220	220
2.03.02.04	Stock options granted	19,427	18,968
2.03.02.05	Treasury shares	-30,171	-3,413
2.03.04	Income reserves	1,444,546	1,494,546
2.03.04.01	Legal reserve	120,055	120,055
2.03.04.05	Retained profit reserve	216,187	266,187
2.03.04.07	Tax incentive reserve	1,108,304	1,108,304
2.03.05	Retained earnings (accumulated deficit)	110,867	0
2.03.06	Carrying value adjustments	-21,064	0
2.03.08	Other comprehensive income	487,005	550,878

PAGE: 8 of 74

DocuSign Envelope ID: B0175E78-2331-45AE-B7CA-31826392C4F1(A free translation of the original in Portuguese)

Quarterly Information (ITR) - 08/31/2023 - CAMIL ALIMENTOS S.A.

Version: 1

Individual Financial Statements / Statement of Profit or Loss (R$ thousand)

Account	Account Description	Current Quarter	YTD -	Same Quarter of the	YTD -
Code		06/01/2023 to 08/31/2023	Current Year	Prior Year	Prior Year
			03/01/2023 to 08/31/2023	06/01/2022 to 08/31/2022	03/01/2022 to 08/31/2022
3.01	Revenue from sales and/or services	2,163,594	4,149,082	1,877,692	3,727,311
3.02	Cost of sales and/or services	-1,755,887	-3,344,695	-1,513,371	-2,961,998
3.03	Gross profit	407,707	804,387	364,321	765,313
3.04	Operating income (expenses)	-274,074	-547,860	-229,079	-441,479
3.04.01	Selling expenses	-204,463	-396,651	-168,146	-322,456
3.04.02	General and administrative expenses	-108,643	-220,526	-93,540	-194,826
3.04.04	Other operating income	0	21,029	0	0
3.04.05	Other operating expenses	1,394	0	3,141	716
3.04.06	Equity in earnings of investees	37,638	48,288	29,466	75,087
3.05	Profit before finance income (costs) and taxes	133,633	256,527	135,242	323,834
3.06	Finance income (costs)	-102,569	-200,592	-36,719	-123,270
3.06.01	Finance income	70,383	121,032	83,599	137,572
3.06.02	Finance costs	-172,952	-321,624	-120,318	-260,842
3.07	Profit before income taxes	31,064	55,935	98,523	200,564
3.08	Income tax and social contribution	15,797	54,931	-4,480	-9,866
3.08.01	Current	0	0	-5,824	-8,106
3.08.02	Deferred	15,797	54,931	1,344	-1,760
3.09	Profit for the period from continuing operations	46,861	110,866	94,043	190,698
3.11	Profit (loss) for the period	46,861	110,866	94,043	190,698

3.99 Earnings per share - (Reais / Share)

3.99.01 Basic earnings per share

3.99.01.01

Common shares

0.1353

0.319

0.2648

0.5339

3.99.02 Diluted earnings per share

3.99.02.01

Common shares

0.1319

0.3112

0.2599

0.5241

PAGE: 9 of 74

DocuSign Envelope ID: B0175E78-2331-45AE-B7CA-31826392C4F1(A free translation of the original in Portuguese)

Quarterly Information (ITR) - 08/31/2023 - CAMIL ALIMENTOS S.A.

Version: 1

Individual Financial Statements / Statement of Comprehensive Income (R$ thousand)

Account	Account Description	Current Quarter	YTD -	Same Quarter of the	YTD -
Code		06/01/2023 to 08/31/2023	Current Year	Prior Year	Prior Year
			03/01/2023 to 08/31/2023	06/01/2022 to 08/31/2022	03/01/2022 to 08/31/2022
4.01	Profit for the period	46,862	110,867	94,043	190,698
4.02	Other comprehensive income	-57,824	-63,877	67,968	-39,036
4.03	Comprehensive income for the period	-10,962	46,990	162,011	151,662

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