Localiza Rent a Car S A : Dados Econômico-Financeiros

DocuSign Envelope ID: 9E73D367-C3B0-40AD-B43F-69082E821C9F

I

Localize. co

DocuSign Envelope ID: 9E73D367-C3B0-40AD-B43F-69082E821C9F

(A free translation of the original in Portuguese)

Localiza Rent a Car S.A.

Quarterly Information (ITR) at September 30, 2023

and report on review of quarterly information

DocuSign Envelope ID: 9E73D367-C3B0-40AD-B43F-69082E821C9F

(A free translation of the original in Portuguese)

Report on review of quarterly information

To the Board of Directors and Shareholders

Localiza Rent a Car S.A.

Introduction

We have reviewed the accompanying parent company and consolidated interim accounting information of Localiza Rent a Car S.A. ("Company"), included in the Quarterly Information Form (ITR) for the quarter ended September 30, 2023, comprising the balance sheet at that date and the statements of income, comprehensive income for the quarter and nine-month period then ended, and the statements of changes in equity and cash flows for the nine-month period 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, 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 did 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 and IAS 34 applicable to the preparation of the Quarterly Information, and presented in accordance with the standards issued by the CVM.

2

PricewaterhouseCoopers Auditores Independentes Ltda., Rua dos Inconfidentes, 911, 17oe 18o, Soinco Business Center, Belo Horizonte, MG, Brasil, 30140-128

T: 4004-8000, www.pwc.com.br

DocuSign Envelope ID: 9E73D367-C3B0-40AD-B43F-69082E821C9F

Localiza Rent a Car 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 nine-month period ended September 30, 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.

Belo Horizonte, November 13, 2023

PricewaterhouseCoopers

Auditores Independentes Ltda.

CRC 2SP000160/O-5

Guilherme Campos e Silva

Contador CRC 1SP218254/O-1

3

DocuSign Envelope ID: 9E73D367-C3B0-40AD-B43F-69082E821C9F

(A free translation of the original in Portuguese)
ITR - Interim Financial Information - 09/30/2023 - Localiza Rent a Car S.A.	Version: 1

Contents

Company Information

Capital Structure	1
Individual Interim Financial Information
Balance Sheet - Assets	2
Balance Sheet - Liabilities	2
Statement of Income	4
Statement of Comprehensive Income	5
Statement of Cash Flows (Indirect Method)	6
Statement of Changes in Equity
01/01/2023 to 09/30/2023	8
01/01/2022 to 09/30/2022	9
Statement of Value Added	10
Consolidated Interim Financial Information
Balance Sheet - Assets	11
Balance Sheet - Liabilities	12
Statement of Income	13
Statement of Comprehensive Income	14
Statement of Cash Flows (Indirect Method)	15
Statement of Changes in Equity
01/01/2023 to 09/30/2023	17
01/01/2022 to 09/30/2022	18
Statement of Value Added	19
Comments on Performance	20
Explanatory Notes	55
Comments on the Performance of Business Projections	113
Other Information Deemed Relevant by the Company	114
Opinions and Representations
Report on Review of Interim Financial Information - Unqualified	115
Management's Statement on the Financial Statements	116
Management's Statement on the Independent Auditor's Review Report	117

DocuSign Envelope ID: 9E73D367-C3B0-40AD-B43F-69082E821C9F

(A free translation of the original in Portuguese)

ITR - Interim Financial Information - 09/30/2023 - Localiza Rent a Car S.A.

Version: 1

Company Information/Capital Structure

Number of Shares	Current Quarter
(units)	09/30/2023
Paid-In Capital
Common Shares	1,060,360,588
Preferred Shares	0
Total	1,060,360,588
Treasury Shares
Common Shares	5,539,926
Preferred Shares	0
Total	5,539,926

DocuSign Envelope ID: 9E73D367-C3B0-40AD-B43F-69082E821C9F

(A free translation of the original in Portuguese)
ITR - Interim Financial Information - 09/30/2023 - Localiza Rent a Car S.A.	Version: 1

Individual Financial Statements/Balance Sheet - Assets (in BRL thousand)

Code	Description	Current Quarter	Prior Year
		09/30/2023	12/31/2022
1	Total Assets	51,951,932	44,526,631
1.01	Current Assets	10,545,383	6,640,301
1.01.01	Cash and Cash Equivalents	518,223	734,719
1.01.02	Financial Assets	6,561,261	2,718,619
1.01.02.01	Financial Assets at fair value through profit or loss	5,351,788	2,718,307
1.01.02.03	Financial Investments at Amortized Cost	1,209,473	312
1.01.03	Accounts Receivable	1,749,712	1,470,012
1.01.03.01	Clients	1,749,712	1,470,012
1.01.06	Recoverable Taxes	295,017	145,993
1.01.08	Other Current Assets	1,421,170	1,570,958
1.01.08.01	Non-Current Assets Available for Sale	990,329	1,118,903
1.01.08.01.01	Decommissioned cars for fleet renewal	990,329	1,118,903
1.01.08.03	Other	430,841	452,055
1.01.08.03.01	Dividends receivable	0	146,706
1.01.08.03.02	Derivative Financial Instruments	0	111,456
1.01.08.03.04	Other current assets	430,841	193,893
1.02	Non-current Assets	41,406,549	37,886,330
1.02.01	Long-term Assets	1,494,387	1,367,848
1.02.01.01	Financial Assets at fair value through profit or loss	1,674	3,000
1.02.01.03	Financial Investments at Amortized Cost	858,162	833,508
1.02.01.03.01	Linked Bank Certificates of Deposit	1,188,971	1,256,516
1.02.01.03.03	(-) Present Value Adjustment	-330,809	-423,008
1.02.01.10	Other Non-current Assets	634,551	531,340
1.02.01.10.03	Escrow deposits	116,165	95,304
1.02.01.10.04	Derivative Financial Instruments	230,418	89,884
1.02.01.10.05	Recoverable taxes	285,307	344.165
1.02.01.10.07	Other non-current assets	2,661	1,987
1.02.02	Investments	17,886,656	15,587,759
1.02.02.01	Equity Investments	17,886,656	15,587,759
1.02.02.01.02	Investments in Subsidiaries	17,886,656	15,587,759
1.02.03	Property and Equipment	21,900,476	20,843,949
1.02.03.01	Property and Equipment in Use	20,713,512	19,797,114
1.02.03.02	Leased Right-of-use	1,186,964	1,046,835
1.02.04	Intangible Assets	125,030	86,774
1.02.04.01	Intangible Assets	125,030	86,774

DocuSign Envelope ID: 9E73D367-C3B0-40AD-B43F-69082E821C9F

(A free translation of the original in Portuguese)
ITR - Interim Financial Information - 09/30/2023 - Localiza Rent a Car S.A.	Version: 1

Individual Financial Statements/Balance Sheet - Liabilities (in BRL thousand)

Code	Description	Current Quarter	Prior Year
		09/30/2023	12/31/2022
2	Total Liabilities	51,951,932	44,526,631
2.01	Current liabilities	7,662,248	6,573,293
2.01.01	Payroll and Related Taxes	332,257	220,488
2.01.02	Suppliers	3,717,300	4,071,439
2.01.04	Loans and financing	2,405,379	1,290,858
2.01.04.01	Loans and financing	502,745	543,488
2.01.04.02	Debentures	1,902,634	747,370
2.01.05	Other Payables	1,207,312	990,508
2.01.05.02	Other	1,207,312	990,508
2.01.05.02.01	Dividends and Interest on Capital Payable	378,395	320,386
2.01.05.02.04	Derivative Financial Instruments	93,514	38,143
2.01.05.02.06	Lease liability	233,051	184,264
2.01.05.02.08	Other Current Liabilities	502,352	447,715
2.02	Non-current Liabilities	19,098,170	17,394,142
2.02.01	Loans and financing	17,591,750	15,333,989
2.02.01.01	Loans and financing	4,246,768	3,091,449
2.02.01.02	Debentures	13,344,982	12,242,540
2.02.02	Other Payables	1,145,896	1,094,119
2.02.02.02	Other	1,145,896	1,094,119
2.02.02.02.03	Lease liability	1,088,105	968,594
2.02.02.02.04	Derivative Financial Instruments	0	86,549
2.02.02.02.06	Other Non-current Liabilities	57,791	38,976
2.02.03	Deferred taxes	206,141	832,227
2.02.03.01	Deferred Income Tax and Social Contribution	206,141	832,227
2.02.04	Provisions	154,383	133,807
2.02.04.01	Provision for Tax, Social Security, Labor and Civil Risks	154,383	133,807
2.03	Shareholders' equity	25,191,514	20,559,196
2.03.01	Paid-In Capital	16,893,557	12,107,587
2.03.01.01	Capital	17,012,361	12,150,698
2.03.01.02	Expenses on the issuance of shares, net of tax effects	-118,804	-43,111
2.03.02	Capital reserves	3,970,963	3,944,525
2.03.02.05	Treasury shares	-156,043	-144,557
2.03.02.08	Capital Reserves	4,127,006	4,089,082
2.03.04	Earnings Reserves	4,516,260	4,516,260
2.03.04.01	Legal Reserve	467,372	467,372
2.03.04.02	Statutory Reserve	4,048,888	4,048,888
2.03.05	Retained Earnings (Accumulated Deficit)	-60,331	0
2.03.08	Other Comprehensive Income	-128,935	-9,176

DocuSign Envelope ID: 9E73D367-C3B0-40AD-B43F-69082E821C9F

(A free translation of the original in Portuguese)
ITR - Interim Financial Information - 09/30/2023 - Localiza Rent a Car S.A.	Version: 1

Individual Financial Statements/Statement of Income (in BRL thousand)

Code	Description	Current Quarter	Accumulated for the	Same Quarter of	Accumulated for the
		07/01/2023 to 09/30/2023	Current Year	The Prior Year	Prior Year
			01/01/2023 to 09/30/2023	07/01/2022 to 09/30/2022	01/01/2022 to 09/30/2022
3.01	Revenue from Sales and/or Services	3,951,736	12,459,900	3,080,037	7,650,498
3.02	Cost of Sales and/or Services	-3,015,859	-10,017,602	-2,033,330	-4,739,761
3.03	Gross Profit	935,877	2,442,298	1,046,707	2,910,737
3.04	Operating income (expenses)	13,295	-385,414	-327,362	-572,465
3.04.01	Selling Expenses	-286,962	-866,035	-220,397	-611,520
3.04.02	General and Administrative Expenses	-95,337	-296,641	-104,242	-275,034
3.04.06	Equity in the Earnings of Subsidiaries	395,594	777,262	-2,723	314,089
3.05	Profit Before Finance Income and Taxes	949,172	2,056,884	719,345	2,338,272
3.06	Financial Income	-410,955	-1,517,302	-343,517	-760,739
3.06.01	Financial Income	335,284	608,790	151,864	382,871
3.06.02	Financial Expenses	-746,239	-2,126,092	-495,381	-1,143,610
3.07	Net Income Before Income Taxes	538,217	539,582	375,828	1,577,533
3.08	Income Tax and Social Contribution on Profit	126,810	560,182	48,340	-178,614
3.08.01	Current	-236	-89,971	0	0
3.08.02	Deferred	127,046	650,153	48,340	-178,614
3.09	Net Income from Continuing Operations	665,027	1,099,764	424,168	1,398,919
3.11	Net Income/Loss for the Period	665,027	1,099,764	424,168	1,398,919
399	Earnings per Share - (BRL/Share)

3.99.01 Basic Earnings per Share

3.99.01.01

Common Shares

0.63027

1.10715

0.43487

1.69182

3.99.02 Diluted Earnings per Share

3.99.02.01

Common Shares

0.62686

1.10078

0.43255

1.68118

DocuSign Envelope ID: 9E73D367-C3B0-40AD-B43F-69082E821C9F

(A free translation of the original in Portuguese)
ITR - Interim Financial Information - 09/30/2023 - Localiza Rent a Car S.A.	Version: 1

Individual Financial Statements/Statement of Comprehensive Income (in BRL thousand)

Code	Description	Current Quarter	Accumulated for the	Same Quarter	Accumulated for the
		07/01/2023 to 09/30/2023	Current Year	of the Prior Year	Prior Year
			01/01/2023 to 09/30/2023	07/01/2022 to 09/30/2022	01/01/2022 to 09/30/2022
4.01	Net Income for the Period	665,027	1,099,764	424,168	1,398,919
4.02	Other Comprehensive Income	82,752	-119,759	14,246	18,455
4.02.01	Adjustments from Financial Instruments	64,638	62,861	-1,084	5,293
4.02.02	Taxes on Adjustments to Financial Instruments	-21,980	-21,376	369	-1,799
4.02.03	Share in the comprehensive income of subsidiaries	40,094	-161,244	14,961	14,961
4.03	Comprehensive Income for the Period	747,779	980,005	438,414	1,417,374