Financial Statements: ITR/DFP 3Q21

Rumo S.A.

Interim financial statements September 30, 2021

Rumo S.A.

Interim financial statements

September 30, 2021

Contents

Independent auditor's review report on quarterly information	3
Statements of financial position	5
Statements of profit or loss	7
Statements of comprehensive income	9
Statements of changes in equity	10
Statements of cash flows	12
Statements of value added	14
Notes to interim financial statements	15

São Paulo Corporate Towers

Av. Presidente Juscelino Kubitschek, 1.909

Vila Nova Conceição

04543-011 - São Paulo - SP - Brasil

Tel: [phone] ey.com.br

Independent auditor's review report on quarterly information

To

Shareholders, Board of Director and Officers of

Rumo S.A.

Curitiba - PR

Introduction

We have reviewed the accompanying individual and consolidated interim financial statement, contained in the Quarterly Information Form (ITR) of Rumo S.A. ("Company") for the quarter ended September 30, 2021, comprising the statement of financial position as of September 30, 2021 and the related statement of profit or loss and of comprehensive income (loss), for the three and nine month periods then ended and statements of changes in equity and of cash flows for the nine month period then ended, including the explanatory notes.

Management is responsible for preparation of the individual and consolidated interim financial information in accordance with Accounting Pronouncement NBC TG 21 (R4) - Demonstrações Intermediárias, and IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), as well as for the fair presentation of this information in conformity with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of the Quarterly Information Form (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and international standards on review engagements (NBC TR 2410 - Revisão de Informações Intermediárias Executada pelo Auditor da Entidade and ISRE 2410 - Review of Interim Financial Information performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with auditing standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on the individual and the consolidated interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual and consolidated interim financial information included in the quarterly information referred to above are not prepared, in all material respects, in accordance with NBC TG 21 (R4) and IAS 34 applicable to the preparation of Quarterly Information Form (ITR), and presented consistently with the rules issued by the Brazilian Securities and Exchange Commission.

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São Paulo Corporate Towers

Av. Presidente Juscelino Kubitschek, 1.909

Vila Nova Conceição

04543-011 - São Paulo - SP - Brasil

Tel: [phone] ey.com.br

Emphasis of matter

Restatement of Operating Segments

As mentioned in Note 3.2, due to the change in the structure of operating segments, the Company adjusted the disclosure of operating segments for the three and nine month periods then ended September 30, 2020, as provided for in Brazilian Accounting Standard NBC TG 22 (R2) - Informações por Segmento / IFRS 8 - Operating Segments. Our conclusion is not qualified in respect of this matter.

Other matters

Statements of value added

The abovementioned quarterly information includes the individual and consolidated statements of value added (SVA) for the nine-month period ended September 30, 2021, prepared under Company's Management responsibility, and presented as supplementary information by IAS 34. These statements have been subject to review procedures performed together with the review of the quarterly information with the objective to conclude whether they are reconciled to the interim financial information and the accounting records, as applicable, and if its format and content are in accordance with the criteria set forth by NBC TG 09 - Demonstração do Valor Adicionado. Based on our review, nothing has come to our attention that causes us to believe that they were not prepared, in all material respects, consistently with the overall interim financial information.

São Paulo, November 11, 2021.

ERNST & YOUNG

Auditores Independentes S.S.

CRC-2SP034519/O-6

Leonardo Lucas Heron Rebelo da Silva

Accountant CRC-1PR-057007/O-7

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Statements of financial position (In thousands of Brazilian Reais - R$)

								Parent Company		Consolidated
				Note	September			December		September			December
				30, 2021				31, 2020			30, 2021				31, 2020
Assets
	Cash and cash equivalents	5.2				970,192		1,568,667			8,343,394		7,778,606
	Marketable securities	5.3				411,058		77,976			934,540		1,396,723
	Trade receivables	5.4				25,733		18,558			665,421		421,322
	Derivative financial instruments	5.8				36,867		69,736			39,145		826,340
	Inventories	5.10				1,598		1,102			280,776		249,318
	Receivables from related parties	4.8				106,138		61,383			40,392		46,179
	Income tax and social contribution							2,515				32,899			104,561				134,928
	recoverable
	Other recoverable taxes	5.9				41,019		57,674			369,346		350,883
	Dividends and interest on own capital							65				166,900			42				3,195
	receivable
	Other assets						9,397			14,908			102,748			147,262
Current						1,604,582		2,069,803			10,880,365		11,354,756
	Trade receivables	5.4				-			867			5,952		7,170
	Restricted cash	5.3				87		79			31,657		34,562
	Income tax and social contribution							65,088				-			188,300				40,707
	recoverable
	Deferred income tax and social			5.14				-				-			1,517,826				1,270,621
	contribution
	Receivables from related parties	4.8				1,009,859		1,009,516			115,786		94,466
	Other recoverable taxes	5.9				-			-			849,399		790,447
	Judicial deposits	5.15				30,979		32,216			320,687		330,602
	Derivative financial instruments	5.8				163,300		322,920			1,903,791		3,162,184
	Other assets						25,825		23,735			54,654		51,061
	Investments in subsidiaries and			5.11				19,750,938				17,716,404			57,365				50,714
	associates
	Investment properties	5.12.1				182,063		-			-			-
	Property, plant and equipment	5.12.2				150,551		120,284			15,493,456		13,646,248
	Intangible assets	5.12.3				286,495		310,696			7,155,221		7,251,432
	Right-of-use	5.12.4				-				-			7,647,230			7,823,401
Non-current						21,665,185		19,536,717			35,341,324		34,553,615
Total assets						23,269,767			21,606,520			46,221,689			45,908,371

The accompanying notes are an integral part of these interim financial statements.

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