Sinqia S A : Earning Release 4Q 2022

EARNINGS RELEASE

4Q22 | 2022

Annual Net Revenue

R$ 616 million

Record of R$ 166 million in the quarter, 59.1% higher than 4Q21

4Q22 | 2022

HIGHLIGHTS

Annual Adjusted EBITDA

R$ 158 million

Record of R$ 41 million in 4Q22, 2x higher than 4Q21, with EBITDA margin of 24.9%

Software ARR

R$ 521 million

64.8% higher than 4Q21

São Paulo, March 9, 2023. Sinqia S.A. (B3: SQIA3) ("Company"), a leading provider of technology for the financial system, announces its consolidated results for the fourth quarter of 2022 ("4Q22") and the fiscal year ended December 31, 2022 ("2022").

(R$ '000)	4Q22	4Q21	4Q22 x 4Q21	3Q22	4Q22 x	2022	2021	2022 x
3Q22	2021
ARR	520,754	316,040	64.8%	502,462	3.6%	520,754	316,040	64.8%
Net Revenue	166,272	104,484	59.1%	159,522	4.2%	616,472	352,596	74.8%
Software	140,840	83,001	69.7%	134,845	4.4%	522,479	275,650	89.5%
Service	25,432	21,482	18.4%	24,677	3.1%	93,993	76,946	22.2%
Gross Profit	72,662	36,793	97.5%	68,610	5.9%	262,948	134,765	95.1%
Gross Margin	43.7%	35.2%	8.5 p.p.	43.0%	0.7 p.p.	42.7%	38.2%	4.4 p.p.
Adjusted EBITDA	41,473	21,816	90.1%	40,780	1.7%	157,573	70,545	123.4%
Adjusted EBITDA Margin	24.9%	20.9%	4.1 p.p.	25.6%	-0.6 p.p.	25.6%	20.0%	5.6 p.p.

SQIA3: R$ 16.84 per share

Total shares: 87,941,972

Market cap: R$ 1.48 billion

EARNINGS CALL March 10, 2023 (Friday)

11 a.m. (Brasília) / 9 a.m. (NYC) / 2 p.m. (London) Access the videoconference via QR code or this link

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4Q22 | EARNINGS RELEASE

MESSAGE FROM MANAGEMENT

Today we present the results of 2022, celebrating 10 years of being listed on the stock exchange and delivering another year of record-breaking results. Crowning a robust track of consistent growth over this period, we reported 75% growth in net revenue and 123% in EBITDA compared to the previous year, and an expansion of 5.6 p.p. EBITDA margin. We further expanded our product portfolio with the closing of important transactions, such as the full acquisition of NewCon and Mercer Seguridade, and the control of LOTE45, in addition to successfully consolidating the acquisitions made in 2021, strengthening our position as the most complete technology ecosystem for the financial sector in Brazil. Certainly, 2022 was an excellent year for Sinqia, and we affirm with great conviction that 2023 will be even better.

We began last year with the challenge of integrating the acquisitions made throughout 2021 into our ecosystem, while at the same time announcing the closure of three new transformative transactions for the Company.

In this sense, we highlight the acquisitions of NewCon and LOTE45, which strengthened our product offerings in the Consortium and Funds business units and placed us definitively as one of the most relevant technology providers for these segments. The capture of synergies from each of the other acquired companies contributed significantly to the strong revenue growth and robust margin gains we presented last year, and there is still plenty of room to advance in commercial and technological integrations in the coming years.

We ended the year well capitalized, with a cash position of R$ 190 million, resulting from the positive effect of operational cash generation throughout 2022 and the integration of R$100 million referring to the second tranche of debentures issued in 2021, without considering the R$ 38 million pledged in guarantee in the acquisition of ISP. This level of liquidity allows us to take advantage of opportunities that arise from our M&A pipeline and others that may emerge in 2023, while maintaining the contribution of inorganic growth to the expansion of the Company's business.

Besides the inorganic agenda, in 2022 we also dedicated ourselves to exploring another front of business expansion: organic growth. Our clients spend billions a year on software applications, and our share of participation in this spending is still far short of our potential. Thus, with more than 720 clients and over 100 products in our portfolio, we began to explore cross-selling opportunities in a more structured way from the second half of 2022, leveraging this agenda that has everything to gain traction in 2023, contributing to increasing our revenue consistently.

Also in 2022, we started to explore internal opportunities for efficiency gains through the integration of products and services. We leveraged our experience and knowledge in financial sector business and technology to improve our operational margins and offer more efficiency, quality, and performance to our clients with a more modern and sophisticated range of solutions. We remain committed to our goal of becoming the one-stop shop for all our clients' technology needs, increasingly placing them at the center of our operations.

To support this new growth cycle, in 2022 we brought reinforcements to our strategic and executive teams. We elected three new members to the Board of Directors - Carolina Strobel, Gustavo Roxo, and

4Q22 | 3

4Q22 | EARNINGS RELEASE

Carlos Furlan - appointed three Executive Vice Presidents - Claudio Prado, João Bologna, and Thiago Rocha - and hired several other directors to strengthen our business units and corporate areas. Since its IPO in 2013, Sinqia has grown robustly and consistently, well-structured to remain firm on this path.

In 2022 Torq Ventures, our innovation hub and CVC program, consolidated itself as one of the leading players in the national venture capital universe, becoming one of the leaders in the fintech segment. Last year, innovation hubs were inaugurated in Florianópolis and Belo Horizonte, workshops on artificial intelligence, open finance, ESG, and Web 3.0 were held, a new acceleration program was added in partnership with Fenasbac and two innovations challenges were conducted, one for the open finance area and another for pension portability solutions. Torq ended 2022 with 110 startups in the portfolio, generating recurring revenue for Sinqia already in its second year of operation, and with direct investments in Celcoin, Cashway, and Data Rudder showing strong growth in an extremely challenging year for the sector.

On the corporate agenda, focusing on the longevity and sustainability of business, we are working to increasingly align our strategy of action with ESG material topics, generating positive impact on the environment and society and creating value for our stakeholders. In this context, we are happy to have received GPTW (Great Place to Work) certification for the fourth consecutive time in 2022, achieving the highest score since we began participating in the survey in 2019. We will continue to work to make our work environment increasingly attractive and welcoming to our employees, our greatest asset.

Regarding our financial results, as previously mentioned, since our IPO in 2013, we have consistently delivered another year of record-breaking results. We ended 2022 with a Software ARR of R$520.7 million, an addition of R$203.9 million and growth of 64.4% compared to the end of 2021. In the annual comparison, our net revenue was R$ 616.4 million in 2022 (+74.8%), with a gross profit of R$ 262.9 million (+95.1%) and adjusted EBITDA of R$157.5 million (+123.4%). In addition to the growth mentioned above, we presented a gross margin of 42.7% and an EBITDA margin of 25.6% in 2022, respectively 3.7 p.p. and 5.6 p.p. higher than registered in 2021.

We will continue to work to integrate and expand our portfolio of products and services, focused on the constant pursuit of customer satisfaction, attracting and retaining the best talents to always have the best team of professionals in financial technology, making new strategic acquisitions for the business and continuing to deliver record results.

We reaffirm that 2022 was an excellent year for Sinqia and that 2023 has everything to be even better, focusing on three major strategic lines of action: revenue growth through cross-selling, margin increase through operational efficiency gains, and maintenance of the inorganic growth agenda.

It is with pride and satisfaction that we celebrate the results of 2022 and trust what we will deliver in 2023: a Sinqia that is increasingly larger and more relevant, making the financial market pulse!

4Q22 | 4

4Q22 | EARNINGS RELEASE

RECENT EVENTS

Acquisition of Compliasset. On February 7th, the Company acquired 60% of the share capital of Compliasset, a reference in technological solutions for managing regulatory compliance programs for asset managers, closed pension funds, and other participants in the capital market. Its systems are SaaS and made available to over 230 recurring clients. The company recorded net revenue of R$6.1 million and EBITDA of R$3.1 million in the twelve months ended February 28, 2023. Compliasset will complement the Sinqia solution ecosystem, increase the customer base, improve margins, and leverage cross-selling between business units.

Corporate Incorporation. In the continuous pursuit of optimizing the Company's tax structure, in December 2022, the process of incorporating the last acquisitions made this year, whose 100% control of the share capital belongs to Sinqia, was concluded. With these incorporations, both Mercer Seguridade - incorporated in Oct/22 - and NewCon - incorporated in Dec/22 - will operate under the real profit regime, with only the companies consolidated in Sinqia's results whose participation is less than 100% (FEPWeb, QuiteJá, and LOTE45) remaining in the presumed regime. In addition to the tax efficiency generated in the calculation of the consolidated tax, the Company will also benefit from goodwill generated from these transactions, which totaled R$ 236.4 million at the end of 2022, to be amortized over 5 years.

Restatement of accounting balances. As previously disclosed in the respective Relevant Facts and Notice to the Market and reflected in the Reference Form, Sinqia began accounting for the potential purchase of the remaining stakes in FEPWeb (40%), LOTE45 (48%), and QuiteJá (49%) on the balance sheet as of December 31, 2022 and restated the comparative balances as of December 31, 2021. As a result, the Income Statement is impacted by the revaluation of options in the lines of Financial Revenue and Expense and Deferred Tax, but without any cash effect. This change has no material impact on the operational performance and financial capacity of the Company. For more information, please refer to Note 1.5 of the Financial Statements.

4Q22 | 5