Gol Linhas Aereas Inteligentes S A : 2Q21 Fact Sheet

Fact sheet

2Q21

Operating highlights

RPK total (mm)

344.0%

3,432

773

2Q20 2Q21

Net PRASK (R$ cents)

-10.5%

24.58 22.01

2Q20 2Q21

Net YIELD (R$ cents)

-17.9%

31.48

25.86

2Q20 2Q21

ASK total (mm)

307.4%

4,033

990

2Q20 2Q21

GOL Load Factor (%)

7.0 p.p

85.1%

78.1%

2Q20 2Q21

CASK oper1 (R$ cents)

-35.6%

34.09

21.94

2Q20 2Q21

Net RASK (R$ cents)

-29.5%

36.15

25.50

2Q20 2Q21

Salvador

1Considers expenses strictly related to the current levels of operation.

Code-share agreements

Income statement highlights (R$ MM)	2Q21	2Q20	% Var.
Net revenues	1,028.4	357.8	187.4%
EBIT¹	143.6	20.4	603.6%
EBIT Margin¹	14.0%	5.7%	8.3 p.p
EBITDA¹	222.4	99.2	124.2%
EBITDA Margin¹	21.6%	27.7%	-6.1 p.p

1Considers expenses strictly related to the current levels of operation.

Liquidity and Leverage (R$ MM)	2Q21	2Q20	% Var.	1Q21	% Var.
Total Liquidity	1,814.5	3,305.5	-45.1%	1,797.7	0.9%
% Total Liquidity / Net Revenues (LTM)	33.2%	30.0%	3.2 p.p	37.5%	-4.3 p.p
Gross Debt¹ (R$ MM)	15,386.7	16,249.9	-5.3%	16,056.1	-4.2%
Net Debt¹ / LTM EBITDA	10.1 x	3.3 x	6.8 x	11.4 x	-1.3 x
(1) Excluding Perpetual and Exchangeable Notes
Operating highlights	2Q21		2Q20		% Var.
Revenue Passengers - Pax on board ('000)	2,922		627		366.0%
Departures	19,662		5,146		282.1%
Aircraft utilization (block hours/day)	8.0		6.5		23.1%
Average Stage Length (km)	1,142		1,177		-3.0%
Full-time Employees (at period end)	13,754		15,981		-13.9%
Average FX (R$/US$)¹	5.2907		5.3854		-1.8%
Price per liter Fuel (R$)	3.35		2.19		53.0%
1. Source: Central Bank.

	Margins and Cash Flow Generation
				Net Revenue									EBITDA
					(R$ mm)
													(R$ mm)
							11,411	13,864									EBITDA margin
						10,329
			10,066	9,778	9,867											20.0%	31.5%	38.7%
													14.5%
8,956							9.2%	9.6%		11.6%
						2.4%		$ 2,278.5	$ 4,373	$ 2,469
									6,372						$ 2,435
									$ 1,526	$ 1,813	$ 1,336	$ 2,141
										2013	2014	2015	2016	2017	20181	2019	2020
		2013	2014	2015	2016	2017	2018	2019	2020
										1Restated based on IFRS 16, unaudited
										For the year 2020, it only considers expenses related to current operating levels.
					EBIT	EBIT margin						Operating Cash Flow
					(R$ mm)
					24.4%						(R$bn)
						19.1%
3.0%	5.0%		7.1%	9.6%	9.1%											$ 3.2
							$ 1,400	$ 2,645	$ 1,554	$ 1.0				$ 1.7	$ 2.5		$ 0.9
			(1.9%)		$ 989
			$ 697													$ 1.0
		$ 506
												$ 0.1
$ 226
													($ 0.1)
				($ 95)									($ 0.7)
2013		2014	2015	2016	2017	20181	2019	2020
	1Restated based on IFRS 16, unaudited					2013	2014	2015	2016	2017	20181	2019	2020
For the year 2020, it only considers expenses related to current operating levels.		1Restated based on IFRS 16, unaudited

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This notice contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results and those related to GOL's growth prospects. These are merely projections and as such are based exclusively on the expectations of GOL's management. Such forward- looking statements depend substantially on external factors in addition to the risks disclosed in GOL's filed disclosure documents and are therefore subject to change without prior notice.

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