Valid Soluções S A : ITR 3Q21

Individual and Consolidated Interim Financial Information

Valid Soluções S.A.

September 30, 2021

with Independent Auditor's Report

Valid Soluções S.A.

Individual and consolidated interim financial information

September 30, 2021

Contents

Independent auditor's review report on quarterly information ...............................................................	1
Individual and consolidated interim financial information
Statements of financial position............................................................................................................	3
Statements of profit or loss ..................................................................................................................	5
Statements of comprehensive income .................................................................................................	7
Statements of changes in equity - Individual and Consolidated ...........................................................	9
Statements of cash flows ...................................................................................................................	11
Statements of value added ................................................................................................................	13
Notes to individual and consolidated interim financial information ......................................................	14

A free translation from Portuguese into English of Independent Auditor's Review Report on individual and consolidated interim financial information prepared in Brazilian currency in accordance with NBC TG 21 and IAS 34 - Interim Financial Reporting and with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of Quarterly Information (ITR)

Independent auditor's review report on quarterly information

To the Shareholders, Board of Directors and Officers of

Valid Soluções S.A.

Introduction

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

Management is responsible for the preparation of the individual and consolidated interim financial information in accordance with Accounting Pronouncement NBC TG 21 - Interim Financial Reporting, 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 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 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 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 (CVM).

2

Other matters

Statements of value added

The abovementioned quarterly information includes the individual and consolidated statement 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 - Statement of Value Added. 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 individual and consolidated interim financial information.

Rio de Janeiro, November 10, 2021.

ERNST & YOUNG

Auditores Independentes S.S.

CRC-SP015199/O-6

Marcelo Felipe L. de Sá

Accountant CRC-1RJ094644/O-0

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A free translation from Portuguese into English of individual and consolidated interim financial information prepared in Brazilian currency in accordance with NBC TG 21 and IAS 34 - Interim Financial Reporting and with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of Quarterly Information (ITR)

Valid Soluções S.A.

Statements of financial position

September 30, 2021 and December 31, 2020 (In thousands of reais)

		Individual	Consolidated
	Note	09/30/2021	12/31/2020	09/30/2021	12/31/2020
Assets
Current assets
Cash and cash equivalents	3	200,295	316,597	368,439	486,536
Trade accounts receivable	4	158,740	139,224	448,494	358,162
Related-party receivables	13	55,481	10,044	-	342
Taxes recoverable	5.a	45,765	33,879	76,232	71,051
Inventories	6	119,853	105,471	307,063	270,014
Restricted short-term investments	3	33,315	57,113	33,363	57,163
Other assets		5,901	6,360	38,935	48,005
		619,350	668,688	1,272,526	1,291,273
Assets available for sale	10	10,172	-	35,063	13,546
		629,522	668,688	1,307,589	1,304,819
Noncurrent assets
Marketable securities	3	8,329	5,622	8,329	5,622
Restricted short-term investments	3	139,016	-	139,016	-
Trade accounts receivable	4	5,603	7,334	5,603	23,663
Related-party receivables	13	351,747	-	3,009	3,656
Judicial deposits	7	18,250	20,589	18,905	21,166
Taxes recoverable	5.a	42,155	21,556	71,422	21,883
Deferred income and social contribution taxes	5.b	38,385	31,840	114,827	104,465
Other accounts receivable		640	689	2,847	3,932
Investments	8	861,463	802,619	61,065	62,871
Property, Plant and Equipment (PPE)	10	179,193	187,802	424,994	446,945
Intangible assets	9	43,524	36,951	891,261	870,110
		1,688,305	1,115,002	1,741,278	1,564,313

Total assets

2,317,827

1,783,690

3,048,867

2,869,132

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