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ri@mdiasbranco.com.br

ri.mdiasbranco.com.br

youtube.com/rimdias

4Q21 | 2021

The statements contained in this document related to the management's perspectives on M. Dias Branco's business are merely trends and, as such, are based exclusively on the management's perspectives on the continuity of past and present actions, and on facts that have already occurred. These trends do not constitute projections or estimates and can be substantially altered by changes in market conditions and in the performance of the Brazilian economy, the sector and international markets.

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2021 | R$7.8 billion in net revenue, an all-time record!!!

  • Net Revenue increases 7.7% in 2021 (+27.2% in 4Q21 versus 4Q20), with average price increase and decline in volume;
  • National leader in Cookies & Crackers and pasta, with 32.5% and 30.0% market share, respectively. Retraction versus end of 2020 and recovery versus 3Q21;
  • Costs increased in the year due to the 4.6% devaluation of the Real, a 23.1% increase in wheat and a 49.2% increase in palm oil, both in US dollars;
  • Selling and administrative expenses accounted for 21.0% of net revenue in 2021 (24.3% in 2020). The decrease is structural and resulting from recent productivity and efficiency programs;
  • EBITDA of R$ 683.9 million in 2021 (-29.8% vs. 2020) and R$ 182.7 million in 4Q21 (-4.9% in 4Q20). The decrease is mainly due to high commodity prices in U.S. dollars and non-recurring tax credits recognized in 2020 results;
  • Cash generation of R$960 million in 2021 (+41% versus 2020), with a relevant contribution from the releasing of R$284 million of working capital;
  • Leverage of 0.2x (net debt/LTM EBITDA), down from 0.4x in 2020;
  • 1st issue of CRAs in March 2021, totaling R$ 811.6 million (three times the initial value) with a rating AAA

and a stable outlook certified by Fitch Ratings and Green Seal;

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4Q21 and 2021 Other Highlights and Results

  • ISE, for the second time we are part of B3's Corporate Sustainability Index;
  • New sustainability agenda with commitments planned for 2030;
  • Latinex acquisition, which introduces in our portfolio high value-added items with accelerated growth potential;
  • Marketing investments, such as Adria's "A vida acontece nos detalhes", Piraquê's "Criações Originais" and
    "Comida di Buteco" campaigns, and Richester's "Chocowafer Chocolate de Verdade" campaign
  • Launching of high value added products, like Piraquê's Potato Snacks (R$39.0/kg)
  • Awards in 2021:
  1. Best company in the Brazilian Food category (The Best of Dinheiro Award)
  1. Top of Mind 2021 (Folha Award)
  1. Transparency Trophy 2021 (ANEFAC-FIPECAFI Award) for the fifth consecutive year
  1. Largest food industry in the Northeast (Valor 1000 Award)

o Ranking 100 Open Startups 2021

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RESULTS

2021 & 4Q21

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M. Dias Branco SA published this content on 21 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 March 2022 12:07:28 UTC.