Release - 1Q21

Summary

03 Key Highlights

  1. Commercial Results
  1. Financial Results
  1. Investor Relations and Consolidated Tables

2

Key Highlights

Volume Transported

EBITDA

on Mining

24.9

R$ 489 MM

MM Tons

+72.4% (i)

Leverage

EBITDA Margin

Ratio

0.75x

50.6%

-0.07x(ii)

+8.6 pp (i)

Volume Transported

EBITDA

(in million TU)

(in millions of Brazilian reais)

2,218.1

2,012.9

1,763.0

44.4

29.4

38.5

1Q20

4Q20

1Q21

¹ cumulative 12 months

Rio de Janeiro, May 13, 2021. MRS Logística S.A. announces its results for 1Q21. Comparisons refer to results from the previous quarter, as indicated. Information directly extracted from the Balance Sheet and the Income Statement was duly reviewed by independent auditors, except for non-financial information.

Note (i): vs 1Q20 / Note (ii): vs 4Q20

3

Financial and Operational Results - 1Q21

MRS ended the first quarter of 2021 with an EBITDA of R$ 488.6 million, a 72.4% increase as compared to the same period of the previous year. Another important figure that demonstrates the Company's growth is its Net Revenue, which amounted to R$965 million, an improvement of 43.0%, resulting from the volume transported, which ended 1Q21 with 38.5 million tons transported, a growth of 31% in relation to the same period of the previous year (29.4Mt).

Virtually all segments served by MRS showed growth in volume as compared to the same period of 2020. The most relevant was the transportation of iron ore to the foreign market, which increased by 7.8Mt in 1Q21, influenced by the price of commodities, an increase in the dollar exchange rate, and the Unmanned Train (TNT), as an important lever to meet the demand of this segment. Ore transportation to the domestic market increased by 16.4%, coal and coke by 10.7%, agricultural products by 6.3%, steel products by 2.7%, civil construction by 8.5%. The exception was Container transportation, which decreased by 5.3% (0.03Mt) and continues to suffer impacts due the deterioration of the economic scenario.

4

Commercial Results

MRS train crossing urban area

Commercial Results

MRS Logística operates mainly in the transportation of inputs and products related to the steel industry, such as iron ore, coal, and coke, both for serving the domestic market and for exports, and in the transportation of General Cargo, including agricultural commodities, steel products, containers, among others, through a railway network of over 1,643 km, crossing the states of Minas Gerais, Rio de Janeiro, and São Paulo.

The total volume transported by the Company in 1Q21 was 38.5 million tons (Mt), an increase of 31.0% when compared to the first quarter of the previous year, as a consequence of an increased volume of iron ore to serve the foreign market, which presented gains of 61.3% on the same basis for comparison. The following table reflects the volume transported in 1Q21 for each segment:

5

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MRS Logística SA published this content on 13 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2021 22:39:08 UTC.