Vasta Platform : Institutional Presentation December 2021 Presentation

Institutional Presentation

December 2021

DISCLAIMER

This presentation contains forward-looking statements that can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," among others. Forward-looking statements appear in a number of places in this presentation and include, but are not limited to, statements regarding our intent,

belief or current expectations. Forward-looking statements are based on our management's beliefs and assumptions and on

information currently available to our management. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them in light of new information or future developments or to release publicly any

revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events.

Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time, including in the section titled "Risk Factors" in our most recent Form F-1 and 424(b) prospectus. These documents are avaialble on the SEC Filings section of the investor relations section of our website at: https://ir.vastaplatform.com.

We prepared this presentation solely for informational purposes. The information in this presentation does not constitute or form

part of, and should not be construed as, an offer or invitation to subscribe for, underwrite or otherwise acquire, any of our

securities or securities of our subsidiaries or affiliates, nor should it or any part of it form the basis of, or be relied on in connection with any contract to purchase or subscribe for any of our securities or any of our subsidiaries or affiliates nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever.

We have included in this presentation our EBITDA, Adjusted EBITDA, Free Cash Flow and Adjusted Cash Conversion Ratio, which are non-GAAP financial measures, together with their reconciliations, for the periods indicated. We understand that, although EBITDA, Adjusted EBITDA, Free Cash Flow and Adjusted Cash Conversion Ratio are used by investors and securities analysts in

their evaluation of companies, these measures have limitations as analytical tools, and you should not consider them in isolation or

as substitutes for analysis of our results of operations as reported under IFRS. Additionally, our calculations of Adjusted EBITDA, Free Cash Flow and Adjusted Cash Conversion Ratio may be different from the calculation used by other companies, including our

competitors in the education services industry, and therefore, our measures may not be comparable to those of other companies.

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Full Platform as a Service for K-12schools

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TAM expands with the platform and taps new revenue pockets

• Since the IPO we made several additions to our platform, expanding our presence to new revenue pockets
• The B2B2C adds R$ 12 billion to our Total Addressable Market (TAM)

Post-IPO

SEL

(R$ billion)

B2B2C Platform

Current TAM

Digital Services	TAM @ IPO	12

	Complementary		13	37
		Solutions
Core Content					25
	6

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Vasta fits all: our subscription model allow us to reach 100% of TAM without having to change the school's preferred educational methodology

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M&A: adding key contributions to our platform

• Five acquisitions announced since the IPO
• M&A pipeline remains rich, and we are engaged in other transactions, which are at different stages
• Three new deals in the due-diligence phase, for closing in early 2022

M&A Track Record

Eleva integration

Nov-20	Mar-21	May-21	Aug-21	Oct-21	Integration	CADE
planning with	Closing
approval
					clean team

	Integration's key steps:
	Definition of the new organizational structure
	Integration of editorial and digital content teams
	Onboarding of Eleva schools and students in Plurall
SEL	Integration of front-office teams for 2022 GTM
Back-office integration

Integration execution

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