Log In Logística Intermodal S A : Earning Release 2Q22

Earnings Results

2Q22

EARNINGS RESULTS

PRESENTATION

Wednesday, August 10 2022 - 11 am (Brasília time) - Portuguese (with simultaneous translation into English and Brazilian sign language interpreter)

The conference call will take place on Zoom webinar at: https://us02web.zoom.us/j/83158840505?pwd=RCtYd2Z3UlV uNkt4ZkxsajBkRTRTQT09

Zoom ID: 881644

*The audio of the presentation will be available on August 10, 2022 in the Investor Relations website

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Marcio Arany da Cruz Martins

Chief Executive Officer

Pascoal Cunha Gomes

Chief Financial and Investor Relations Officer

IR Contact

Sandra Calcado

Júlia Ornellas

[phone] - [e-mail]://ri.loginlogistica.com.br/

Release 2Q22

2

HIGHLIGHTS

Consolidated

• Historical NOR record of R$609.2 million;
• All-timehigh EBITDA of R$135.5 million;
• NPS (Net Promoter Score) measured by customers reached the Quality zone* in all segments;
• Issuance by CADE of the unappealable certificate approving the Tender Offer without restrictions, according to the Material Fact disclosed to the market on June 13th of 2022.

Coastal Shipping

• Historical NOR record of R$358.6 million;
• Highest EBITDA, R$101.1 million, for a second quarter;
• Highest volume of containers handled, 116.3 thousand TEUs, for a second quarter;
• Highest volume handled in Mercosur, 13.9 thousand TEUs, for a second quarter;
• International charter of Log-In Discovery.

Vila Velha Terminal (TVV)

• Historical NOR record of R$ 79.7 million;
• Historical EBITDA record of R$ 37.7 million;
• All-timehigh NOR for Warehousing and Other Services, R$ 43.3 million;
• Highest volume of general cargo handled at TVV, 190.2 thousand tons, for a second quarter.

*Quality Zone: 50 to 74 points.

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Release 2Q22

3

FINANCIAL AND OPERATIONAL SUMMARY 1 2

Economic and Financial Data	2Q22	2Q21	2Q22 vs.	6M22	6M21	6M22 vs.
R$ Million	2Q21	6M21
	Consolidated
Net Operating Revenue	609.2	352.8	72.6%	997.6	649.6	53.6%
Adjusted EBITDA	135.5	93.2	45.4%	249.6	163.6	52.5%
Adjusted EBITDA Margin	22.2%	26.4%	-4.2 p.p.	25.0%	25.2%	-0.2 p.p.
	Coastal Shipping
Coastal Shipping Net Operating Revenue	358.6	277.6	29.2%	658.2	508.3	29.5%
Coastal Shipping Adjusted EBITDA	101.1	76.9	31.5%	205.9	129.5	58.9%
Coastal Shipping Adjusted EBITDA Margin	28.2%	27.7%	0.5 p.p.	31.3%	25.5%	5.8 p.p.
		TVV
TVV Net Operating Revenue	79.7	66.0	20.8%	156.9	125.8	24.7%
TVV EBITDA	37.7	30.4	24.2%	69.7	58.8	18.6%
TVV EBITDA Margin	47.3%	46.0%	1.3 p.p.	44.4%	46.7%	-2.3 p.p.
		3PL
3PL Net Operating Revenue	14.2	9.3	52.9%	25.9	15.5	67.4%
3PL EBITDA	8.5	5.2	64.3%	14.8	9.1	62.6%
3PL EBITDA Margin	60.2%	56.0%	4.2 p.p.	57.1%	58.7%	-1.7 p.p.
	Road Cargo Transportation ²
Road Cargo Transportation Net Operating Revenue	156.6	0.0	n.a.	156.6	0.0	n.a.
Road Cargo Transportation EBITDA	6.4	0.0	n.a.	6.4	0.0	n.a.
Road Cargo Transportation EBITDA Margin	4.1%	0.0%	4.1 p.p.	4.1%	0.0%	4.1 p.p.
Operational Data	2Q22	2Q21	2Q22 vs.	6M22	6M21	6M22 vs.
2Q21	6M21
Coastal Shipping - Total Containers ('000 TEU)	116.3	109.3	6.4%	215.2	200.8	7.2%
TVV - Containers Handling ('000)	39.4	47.2	-16.6%	79.4	90.8	-12.5%
TVV - General Cargo Handling ('000 Tons)	190.2	163.0	16.7%	477.1	277.7	71.8%
Fleet - Nominal Capacity (TEU)*	18,050	15,500	16.5%	18,050	15,500	16.5%

* Capacity of the fleet in operation by the end of the reporting period (including Log-In Discovery).

CONSOLIDATED RESULT ¹

Consolidated Result	2Q22	2Q21	2Q22 vs.	6M22	6M21	6M22 vs.
R$ Million	2Q21	6M21
Net Operating Revenue	609.2	352.8	72.6%	997.6	649.6	53.6%
Cost of Rendered Services	(431.7)	(248.8)	73.5%	(686.0)	(468.6)	46.4%
Operating Expenses	(56.5)	(24.2)	133.5%	(91.3)	(42.5)	114.7%
AFRMM	14.4	13.3	8.5%	29.2	25.2	15.8%
EBITDA	135.5	93.2	45.4%	249.6	163.6	52.5%
Adjusted EBITDA	135.5	93.2	45.4%	249.6	163.6	52.5%
Depreciation and Amortization	(49.5)	(31.1)	59.3%	(81.4)	(59.8)	36.1%
EBIT	85.9	62.1	38.4%	168.2	103.9	62.0%
Financial Result	(63.1)	(10.3)	511.9%	(74.7)	(78.4)	-4.7%
EBT	22.9	51.8	-55.8%	93.5	25.4	267.5%
Income Tax and Social Contribution	(0.9)	(14.2)	-93.6%	(11.2)	(9.2)	22.4%
Profit (Loss)	22.0	37.5	-41.5%	82.3	16.3	405.6%

1. EBITDA calculation considers earnings before income tax, social contribution, financial result and amortization expenses. The calculation of Adjusted EBITDA represents the EBITDA result and disregards only the non-recurring events related to the long-term incentive plan "Stock Options" and "AFRMM". It is worth pointing out that - as a market practice - the adjusted EBITDA is not audited by independent auditors, since it is a non-GAAP metric and every company can calculate this indicator according to their own criteria.
2. Accounting 2Q22 (Road Freight Transport) considers the first 4 months of Tecmar's operations, as the accounting rule requires accounting of the operating result as of the date of acquisition of the company (March/2022 onwards).

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Release 2Q22

4

Net Operating Revenue

Consolidated Net Operating Revenue

(NOR) (R$ million)

2Q22 x 2Q21

Record quarter NOR explained by the following factors:

• Inclusion of Tecmar earnings, R$156.6 million;
• Coastal Shipping historical NOR record of R$358.6 million, linked to record revenues of the Cabotage, Feeder and Mercosur segments, with all vessels operating and improved operating efficiency;
• Higher revenue in the Mercosur trade due to increase in volume (+52% vs 2Q21) due to new customers

captured and new and more profitable cargo handled;

• Despite the reduction in Feeder volumes handled, revenues increased in this segment due to higher freight prices in the international market;
• Cabotage revenues were positively impacted by the growth in volumes handled, as higher diesel prices led to greater conversion from road transport;
• Historical NOR record at TVV, R$ 79.7 million, up 21% over 2Q21, due to the increase in general cargo handling - mainly bulk and steel products - and greater provision of ancillary services.

6M22 x 6M21

54% growth in the 1st half of the year due to the following events:

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Release 2Q22

5

• Completion of the Tecmar acquisition, adding R$ 156.6 million to half-year revenues.
• Higher volume transported by Coastal Shipping in the Cabotage and Mercosur segments, which benefitted from new customers captured and better cargo mix;
• Higher revenue with the international charter of Log- In Discovery;

• TVV's NOR grew 25% over 6M21, driven by greater general cargo handling and new customers added to Log-In's customer base;
• Price adjustment of maritime freight reflecting the variation of bunker fuel price in the period.

Cost of Services Provided (CSP)

2Q22 x 2Q21

Increased CSP due to the following factors:

• Inclusion of Tecmar in the quarterly total costs;
• Higher fuel costs (bunker) resulting from a 77.5% increase in bunker prices in BRL;
• 53% increase in average cost of short-distance road transportation in 2Q22 over 2Q21 due to the continuous increase in diesel prices;

• Increased container handling expenses resulting from greater volumes.

6M22 x 6M21

• Inclusion of Tecmar in the Company's total costs,
  R$119.9 million;
• Higher fuel costs (bunker) due to the hike in bunker prices over 6M21 (66.1% in BRL);
• Increase in the average cost of road transport in 6M22 in the year-over-year comparison, due to the continued increase in diesel prices throughout 2022.

Operating Expenses

2Q22 x 2Q21

Increased Operating Expenses of 32.3 million BRL due to:

• The inclusion of Tecmar in the Company's result, R$30.3 million;

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