Santos Brasil Participações S A : Demonstrações Financeiras em Padrões Internacionais - Versão em Inglês

Quarterly Financial Information - ITR

Santos Brasil Participações S.A. and Subsidiaries

September 30, 2021

ITR - Quarterly Information - 09/30/2021 - SANTOS BRASIL PARTICIPACOES S.A.	Version: 1
Contents
Company Information
Capital Composition ........................................................................................................................	1
Individual Financial Statements
Statement of Financial Position - Assets .........................................................................................	2
Statement of Financial Position - Liabilities......................................................................................	3
Statement of Profit or Loss ..............................................................................................................	5
Statement of Comprehensive Income (Loss)...................................................................................	6
Statement of Cash Flows (Indirect Method).....................................................................................	7
Statement of Changes in Shareholders' Equity
Statement of Changes in Shareholders' Equity - 01/01/2021 to 09/30/2021................................	9
Statement of Changes in Shareholders' Equity - 01/01/2020 to 09/30/2020..............................	10
Statement of Value Added.............................................................................................................	11
Consolidated Financial Statements
Statement of Financial Position - Assets .......................................................................................	12
Statement of Financial Position - Liabilities....................................................................................	13
Statement of Profit or Loss ............................................................................................................	15
Statement of Comprehensive Income (Loss).................................................................................	16
Statement of Cash Flows (Indirect Method)...................................................................................	17
Statement of Changes in Shareholders' Equity
Statement of Changes in Shareholders' Equity - 01/01/2021 to 09/30/2021..............................	19
Statement of Changes in Shareholders' Equity - 01/01/2020 to 09/30/2020..............................	20
Statement of Value Added.............................................................................................................	21
Comments on Performance...........................................................................................................	22
Notes.............................................................................................................................................	32
Comments on the Behavior of Business Projections .....................................................................	92
Other Information the Company Deems to be Relevant.................................................................	93
Opinions and Statements
Special Review Report - Unqualified .............................................................................................	94
Fiscal Council Opinion or Equivalent Body ....................................................................................	96
Statement of the Executive Board on the Financial Statements.....................................................	97
Statement of the Executive Board on the Independent Auditor's Report........................................	98

ITR - Quarterly Information - 09/30/2021 - SANTOS BRASIL PARTICIPACOES S.A.

Version: 1

Company Information / Capital Composition

Number of Shares	Current Quarter
(Thousand)	09/30/2021
Paid-in Capital
Common	862,831
Preferred	0
Total	862,831
Treasury
Common	419
Preferred	0
Total	419

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ITR - Quarterly Information - 09/30/2021 - SANTOS BRASIL PARTICIPACOES S.A.

Version: 1

Individual Financial Statements / Statement of Financial Position - Assets

(In thousands of reais)

Account		Current Quarter	Prior Year
Code	Account Description	09/30/2021	12/31/2020
1	Total Assets	4,345,389	3,892,710
1.01	Current Assets	1,086,315	1,010,417
1.01.01	Cash and Cash Equivalents	511,503	460,346
1.01.02	Marketable Securities	414,653	426,598

1.01.02.01 Marketable Securities Measured at Fair Value Through Profit

	or Loss	414,653	426,598
1.01.02.01.02	Fair Value Securities	414,653	426,598
1.01.03	Accounts Receivable	126,402	89,899
1.01.03.01	Trade Accounts Receivable	126,402	89,899
1.01.04	Inventories	20,175	20,570
1.01.06	Taxes Recoverable	1,142	828
1.01.06.01	Current Taxes Recoverable	1,142	828
1.01.08	Other Current Assets	12,440	12,176
1.01.08.03	Other	12,440	12,176
1.01.08.03.01	Dividends Receivable / Proposed	0	6,120
1.01.08.03.03	Other Accounts Receivable	12,440	6,056
1.02	Non-Current Assets	3,259,074	2,882,293
1.02.01	Long-Term Assets	395,961	388,446
1.02.01.07	Deferred Taxes	61,480	71,128
1.02.01.07.01	Deferred Income and Social Contribution Taxes	61,480	71,128
1.02.01.10	Other Non-Current Assets	334,481	317,318
1.02.01.10.04	Judicial Deposits	309,667	295,734
1.02.01.10.05	Other Assets	24,814	21,584
1.02.02	Investments	420,947	404,677
1.02.02.01	Equity Interest	420,947	404,677
1.02.02.01.02	Interest in Subsidiaries	420,947	404,677
1.02.03	Property, Plant and Equipment	89,132	92,549
1.02.03.01	Property, Plant and Equipment in Use	77,929	82,853
1.02.03.02	Right-of-Use Asset	1,777	2,265
1.02.03.03	Construction in Progress	9,426	7,431
1.02.04	Intangible Assets	2,353,034	1,996,621
1.02.04.01	Intangible Assets	2,353,034	1,996,621
1.02.04.01.01	Concession Agreement	1,906,896	1,709,787
1.02.04.01.02	Other Intangible Assets	446,138	286,834

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ITR - Quarterly Information - 09/30/2021 - SANTOS BRASIL PARTICIPACOES S.A.

Version: 1

Individual Financial Statements / Statement of Financial Position - Liabilities

(In thousands of reais)

Account		Current Quarter	Prior Year
Code	Account Description	09/30/2021	12/31/2020
2	Total Liabilities	4,345,389	3,892,710
2.01	Current Liabilities	336,918	224,699
2.01.01	Social and Labor Obligations	50,071	34,398
2.01.01.01	Social Obligations	5,045	4,884
2.01.01.02	Labor Obligations	45,026	29,514
2.01.02	Suppliers	50,755	39,076
2.01.02.01	Domestic Suppliers	49,939	34,996
2.01.02.02	Foreign Suppliers	816	4,080
2.01.03	Tax Liabilities	22,362	12,150
2.01.03.01	Federal Tax Liabilities	16,605	8,283
2.01.03.01.01	Income and Social Contribution Taxes Payable	9,783	2,434
2.01.03.01.02	Other Federal Tax Liabilities	6,822	5,849
2.01.03.02	State Tax Liabilities	48	24
2.01.03.03	Municipal Tax Liabilities	5,709	3,843
2.01.04	Loans and Financing	73,570	42,333
2.01.04.01	Loans and Financing	40,860	40,142
2.01.04.01.01	In Local Currency	40,860	40,142
2.01.04.02	Debentures	32,710	2,191
2.01.05	Other Liabilities	140,160	96,742
2.01.05.02	Other	140,160	96,742
2.01.05.02.01	Dividends and Interest on Own the Capital Payable	18	18
2.01.05.02.05	Obligations with the Concession Grantor	139,708	96,142
2.01.05.02.06	Lease	388	536
2.01.05.02.07	Other Liabilities	46	46
2.02	Non-Current Liabilities	1,746,485	1,570,801
2.02.01	Loans and Financing	264,356	316,185
2.02.01.01	Loans and Financing	0	20,000
2.02.01.01.01	In Local Currency	0	20,000
2.02.01.02	Debentures	264,356	296,185
2.02.02	Other Liabilities	1,449,455	1,220,264
2.02.02.02	Other	1,449,455	1,220,264
2.02.02.02.04	Actuarial Liabilities - Supplementary Health Care Plan	61,342	58,197
2.02.02.02.05	Suppliers	15,021	15,021
2.02.02.02.06	Taxes on Billing - Bonded Warehouses	62,756	57,836
2.02.02.02.07	Obligations with the Concession Grantor	1,308,910	1,087,476
2.02.02.02.08	Lease	1,426	1,734
2.02.04	Provisions	32,674	34,352
2.02.04.01	Tax, Social Security, Labor and Civil Provisions	32,674	34,352
2.02.04.01.01	Tax Provisions	10,673	10,529
2.02.04.01.02	Social Security and Labor Provisions	20,199	21,061
2.02.04.01.04	Civil Provisions	1,027	2,054
2.02.04.01.05	Other Provisions	775	708
2.03	Shareholders' Equity	2,261,986	2,097,210
2.03.01	Paid-in Capital	1,873,906	1,871,895
2.03.02	Capital Reserves	61,438	58,170
2.03.02.02	Special Goodwill Reserve upon Merger	18,897	18,897

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