Equity Story Vibra

Energy

Transition

Vibra

Follow On

Corporation

Turnaround

Follow On

State BR

Privatization

Privatization

(BR Estatal)

Success in follow-on completes VIBRA's path to becoming a corporation

Follow-On 2021

R$ 23 Bil in

investor demand, 2x the available lot

+100 investors participated in the offer,

with 5 placing orders >R$1B

Highest offer

of shares in Brazil in 2021 up to now

True Corporation after Follow-On 2021

+40%

foreign shareholder base

28.75%

71.25%

62.5%

37.5%

100%

0%

Free float

Free float

Free float

@ IPO

@ Follow-on 2019

@ Follow-on 2021

Continuous increase in liquidity

TOP 20

most traded companies

on Bovespa, above competitors

Volume (MM shares)

Amount Traded (R$MM)

Pre-Follow on

30 days before Follow

After Follow on

Pre-Follow

30 days before

After Follow

Follow on 2021

2019

on 2021

2021

on 2019

on 2021

Total Shares %

43%

57%

NacioNational

EstrangeiroForeigner

Qty. of Shareholders

2,621

67,963

PessoaIndividualsFísica

PessoaCompaniesJurídica

EBITDA

EBITDA

LTM (2T21)

UNIT (2T21)

+R$4.6B +R$115/m³

Vibra has closed an

Vibra Ebitda with robust

efficiency gap and now

growth

has the largest unitary

in recent years

Ebitda margin in the

market

NET DEBT/

EBITDA (AUG 21)

1.6x

Room for expansion with greater leverage

MARKET SHARE

(JUN 21)

28.9%

Absolute leader in the Brazilian market

Vibra has posted consistent results,

with vibrant Ebitda growth and low leverage

Adjusted Ebitda LTM

Unit expenses

Ebitda Margin

Net Debt/Ebitda

(R$B)

(R$/m³)

(R$/m³)

Space for organic

Max approved:

+24%

-39%

+55%

expansion and M&A

2.5x

4.6

3.7

Previous max leverage:

3.1

3.2

1.5x

1.4

1.4

1.3

2.6

1.2

0.9

2017

2018

2019

2020

1H21

2017

2018

2019

2020

1H21

2017

2018

2019

2020

1H21

2017

2018

2019

2020

1H21

VIBRA HAS NOT ONLY CLOSED THE EFFICIENCY GAP OF THE PAST,

BUT HAS BECOME A BENCHMARK

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Petrobras Distribuidora SA published this content on 01 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 September 2021 12:41:02 UTC.