Positivo Tecnologia S A : 1Q21 Presentation05/13/2021

1Q21

Results

May 13, 2021

Legal Notice

This material may contain certain forward-looking statements related to POSITIVO TECNOLOGIA S.A. (a "Companhia") (the "Company") that reflect the current expectations of its management with respect to performance, business, market in which it operates and future events. Forward-looking statements include, without limitation, any statement that has a forecast, indication, estimate or projection and can be identified in expressions such as "we believe", "we anticipate", "we hope", "we estimate", "we project", among other meaningful words. Such forward-looking statements are subject to risks, uncertainties and future events and the Company cannot guarantee that such statements will prove to be correct. Actual results, performance and events may differ significantly from those expressed or implied by these statements, as a result of several factors, such as new restrictive measures or advances in combating the COVID-19 global pandemic, general and economic conditions in Brazil and others countries; interest and exchange rate levels, future renegotiations or prepayment of obligations or credits, changes in laws and regulations and general competitive factors (on a global, regional or national basis).

Accordingly, we caution investors that under no circumstances will the Company, its subsidiaries, directors, officers, agents or employees be liable to third parties for any investment decision made based on the information and statements contained in this material, or for any damage resulting, corresponding or specifically. Prospects for operations and results after the 4th quarter of 2020 are prospective management and have not yet been audited.

Information about the market and competitive position, including projections mentioned throughout this material, was obtained through internal research, market research, public domain information and business publications related to the sector. Although we have no reason to believe that any of this information or reports is materially inaccurate, in any material aspect, we do not independently verify competitive position, market position, growth rate or any other data provided by third parties or other publications industry. The Company and its management are not responsible for the accuracy of such information.

The Company does not undertake any obligation to publicly update or revise any estimates and projections, whether as a result of new information or future events or for any other reason. This presentation and its contents are proprietary information of the Company and cannot be reproduced or circulated, partially or totally, without the Company's prior written consent.

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1Q21 Highlights

• Consolidated gross revenue in 1Q21 reaches R$809 million, an increase of 85% vs. previous year and maintains the new level of activity for the next quarters
• Adjusted EBITDA of R$61.3 million in 1Q21 and a 9.1% margin on net revenue, reversing the negative result for the 1Q20
• Net Income of R$56 million in 1Q21 exceeds the result of 1Q20 by 1,175%
• Recent licensing and incorporation of the Compaq computer brand operations in the Brazilian territory allows us to complete Positivo Tecnologia's offering portfolio, which starts to serve all audiences as of 2Q21.

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More Highlights

Balanced sales growth

• The return of personal computer consumption kept billing levels high in the quarter vs. the same period last year.
• Consumer segment showed strong growth of 152% in 1Q21 vs 1Q20
• Public Institutions recovered and revenues grew 43.1% when compared to 1Q20
• Corporate growth of 12.8% with advances in Positivo as a Service (HaaS)

Continuity of digital transformation

• Sales through its own and third-party online channels maintained their expansion trajectory in 1Q21
• Modernization of e-commerce platforms reinforcing specialized structures to serve online channels
• Greater investments in digital marketing

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More Highlights

Strengthening the portfolio of brands with greater penetration in all consumer

segments

• Product portfolio development including new brands
• Highlight for Vaio with growth of 92% in 1Q21 vs 1Q20
• Compaq brand licensing completes the portfolio

Improved product mix in 1Q21

• Gross margin of 23.2% (vs 19.6% in 1Q20) and adjusted EBITDA reaching R$61 million in 1Q21 with a margin of 9.1% (+ 724% vs 1Q20).

Increase in Demand and Supply

Restrictions

• Demand quite heated, however supply

restrictions still limit increase in sales

volumes

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