Plascar Participações Industriais S A : Results 2Q2023

Plascar Participações Industriais S.A.

EARNINGS RELEASE 2Q | 2023

About Plascar

Plascar Participacoes Industriais S.A. (Bovespa: PLAS3), through its subsidiary Plascar Ltda., is a Brazilian industry that in 2023 completes sixty years of history and operates in the plastic transformation market and development of parts and internal and external finishes for vehicles, being responsible for supply high quality products to most of automakers installed in Brazil.

Currently, Plascar has four plants strategically positioned in the states of São Paulo and Minas Gerais, where it houses a range of injection molding machines with a closing force capacity of 70 to 3,200 tons, automatic and manual painting lines, chrome plating, injection, metal plating, welding and SMC presses, in addition to having its own tooling for mold construction.

Plascar's shareholding control is divided as follows:

11.25%

7.12%

Pádua IV*

Deise Duprat V. Heller e Família

Postalis

21.64%

Other Shareholders

59.99%

*controlada indiretamente pela Mapa Capital

Share Price 06/30/2023

PLAS3 - R$ 7.80

Share numbers

Ordinárias: 12,425 million

Market Value on

06/30/23

R$ 96.92 milhões

ADMINISTRATIVE COUNCIL

Andre Luiz Helmeister

Antonio Farina

Daniel Alves Ferreira

Maria Gustava Heller Brito

Paulo André Porto Bilyk

Paulo Zimath

João Luiís Gagliardi Palermo

FISCAL COUNSIL

Charles Dimetrius Popoff

Francisco Eduardo de Queiroz Ferreira

Marcelo Ferreira do Nascimento

IR CONTACT

Rodrigo Cartagena do Amaral

CFO and Director of Investor

Relations [e-mail]

Rua Wilhelm Winter, nº 300 - Distrito Industrial - Jundiaí - SP CEP 13213-000

HIGHLIGHTS OF 2Q2023

Plascar Participações Industriais S.A.

R$ 225.1 million (+14.3% vs. 2Q22)

Net Revenue in 2Q23

R$ 281.8 million of Gross Revenue

R$ 72.8 million of EBITDA* (342.2% vs. 2Q22)

R$ 123.3 million of net profit in the period*

R$ 19.6 million	R$ 72.8 milhões
-35.6% vs. 2Q2022	32.3% of margin
Gross Profit*	EBITDA*

Market share gains above the market

+0.1% % in vehicle productionⁱ in Brazil vs. 2Q22

• • 17% of gross sales vs. 2Q22
• Significantly influenced by the conclusion of the tax negotiation with the Attorney
  General of the National Treasury see below
• • According to ANFAVEA

Performance in the Period

R$ mil	2T 2023	2T 2022	Var %	1S 2023	1S 2022
Gross Revenue	281,845	240,833	17.0%	557,063	478,875
Net Revenue	225,123	196,940	14.3%	449,390	389,702
Gross Profit	19,602	30,439	(35.6%)	44,263	56,156
Gross Margin %	8.7%	15.5%	-6.8p.p.	9.8%	14.4%
EBITDA	72,816	16,467	342,2%	79.089	28.215
EBITDA Margin %	32,3	8.4%	23.9p.p.	17.6%	7.2%
Net Profit	123,256	(16,736)	736.5%	81,960	(36,847)

Var %

16.3%

15.3%

-21.2%

-4.6p.p.

180,3%

10.4p.p.

322.4%

Comentário da

Administração

Even with a growing revenue, the second quarter was still impacted by the great volatility of the national and global scenario, mainly due to the constant sudden stoppages of the automakers. Despite this, "operating" EBITDA remained positive, reaching the amount of R$ 72.816 million and net income of R$ 123.3 million because of the tax transaction.

This Revenue growth scenario was due to the new projects that went into production over the last 12 months, and which contributed to reaching such levels, despite the market evolution.

Following the trend of the last quarters, in 2Q23 gross revenue increased by 17% when compared to the same period of 2022. When comparing this growth with the performance of Brazilian automotive production (+0.1%) despite all the adversities, we continued to gain market share, as a result of the commitment of the entire Company in the pursuit of growth.

From the point of view of profitability, the Company went through a challenging semester, given the recurring stoppages and unpredictability of the market, which contribute to the increase in production inefficiency and drop in margins, in addition to the start of new projects of relevant volume in our new operating unit.

For the next semester, Management believes that, with the beginning of the basic interest rate decline cycle, the market should show a gradual improvement in its performance and an increase in vehicle sales and, consequently, production for the Company.

Automotive

Market

Vehicle production in 2Q23 according to ANFAVEA was 596 thousand units, an increase of only 0.1% compared to the same period of the previous year. This increase was mainly due to the production of light vehicles, since the production of trucks had a drop of 39.4%, compared to the same period of the previous year. This drop was the result of the anticipation of production carried out by automakers in the last quarter of 2022, as a sales strategy in anticipation of the introduction of the Euro 6, which has a higher cost due to its technical specificities.

Vehicle sales had a positive variation of 2.9% compared to 2Q22. Government actions such as incentives for vehicle sales ended up not having the expected effect, since the implementation of the program was preceded by a waiting period for consumers and the end of the regime came quickly given the low amount available for the program. For the next semester, an increase in vehicle sales is expected given the depletion of truck inventories and the need to renew fleets, in addition to the incentive arising from the expected declines in the basic interest rate.

AUTOMOTIVE MARKE

2Q2023

2Q2022

Var %

Vehicle Production

596	595	0.1%

Vehicle Sales

527

512

2.9%

According to: ANFAVEA - BRASIL