Slide 1: Institutional presentation
Institutional presentation May 2025
Slide 2: Disclaimer
Disclaimer Any estimates and statements that may be made during this presentation regarding future operations regarding our strategy and opportunities for future growth are based primarily on our current expectations and estimates or projections of future events and trends that affect or may affect
Slide 3: Our trajectory is one of evolution
Our trajectory is one of evolution 2015 2021 Merger of Rumo Raizen's IPO and 2025 2011 Radar Acquisition Sale of the with ALL Creation of stake in Vale Raízen, a joint venture with 2005 Shell IPO Bovespa, the first 2020 2022 company in the sector Acquisition of to go public on the 2012 Creation of C
Slide 4: Cosan Group
Logistics Operation Cosan Group Renewables, Sugar, Marketing & Services and Proximity Lubricants, Base 30,4% Oils & Specialties 70% 44% 30% 88,0% Company Net revenue. 2024 EBITDA CVM Projects in the Natural (in billions of reais) (in billions of reais) Gas and Energy sector 4,15% Raízen 251.199 12.7
Slide 5: Portfolio Management
Portfolio Management Strategic moves combined with financial discipline to drive long-term value Signing of the sale of Acquisition of control of Acquisition of all the Sale of nine farms in Changes in management 50% of T39; Compagas; shares of DIPI 2024, raising R$ 1 and strategy: Holdings S.A. bil
Slide 6: Operating Performance 1Q25
Operating Performance 1Q251 • Lower volume transported (16.1 bi TKU; - • Growth in the volume of natural gas • Reduction in lubricant volumes sold (-10%) 7%) distributed (+4%) • Decrease in EBITDA (-32%), due to the fire • EBITDA in line vs 1Q24 (-3%) • Higher EBITDA (+45%), better margins in at the
Slide 7: 1Q25 Highlights
1Q25 Highlights EBITDA1 Net Income Net Debt Under Cosan Corporate3 Cosan Corporate3 Managemen² Under Cosan Corporate² Management¹ R$ 5.0 billion R$ (1.8) billion R$ 17.5 billion (R$7.2 billion in 1Q24) (-R$0.2 billion in 1Q24) (R$ 23.5 billion in 4Q24) Dividends and Interest on ICSD4 LTIF5 Equity Re
Slide 8: Dividends & IoC | Cosan Corporate
Dividends & IoC | Cosan Corporate Dividends and interest on equity paid by subsidiaries Dividends and interest on equity received by Cosan1 (BRL Bln, @100%) (R$ Billion) Comgás data before 2020 3.1 2.6 2.1 1.7 4.3 0.7 0.1 3.5 0.9 3.0 2019 2020 2021 2022 2023 2024 0.4 1.3 0.9 0.3 1.7 1.2 0.4 Comgás d
Slide 9: Liability Management | Cosan Corporate
Liability Management | Cosan Corporate Jan/25 Jan/25 Jan/25 Mar/25 Mar/25 Lengthening What? Reduction of Reduction of Reduction of Reduction of and reducing gross debt gross debt gross debt gross debt the average cost of debt Early redemption of the 1st Early redemption senior Senior notes repurchas
Slide 10: Liability Management | Cosan Corporate
Liability Management | Cosan Corporate Gross Debt Net Debt¹ and ICSD2 ICSD (R$ billion) (R$ billion) Dívida líquida 1,3x 1,2x 1,2x 1,1x 1,1x 25,3 27,8 22,7 21,6 21,7 23,5 21,7 17,5 1T24 4T24 1T25 1T24 2T24 3T24 4T24 1T25 Amortization schedule3 (R$ MM) Medium term 6.4 years 5,203 4,211 4,239 Average
Slide 11: Liability Management | Cosan Corporate
Liability Management | Cosan Corporate (R$ MM) 2,443 (2,251) (1,348) (1,600) (1,706) 8,893 (750) (1,152) (2,169) Sale of Vale stake 12th debenture Bond 2027 Bond 2029 Bond 2030 Bond 2031 3rd issuance Acquisition of Redemption of issuance 1st series 5th and 6th Preferred Shares debenture (Cosan Nove)
Slide 12: Managerial Cash Flow | Cosan Corporate
Managerial Cash Flow | Cosan Corporate (R$ Mln) 1,467 2,443 (8,796) 8,893 (2,169) (677) (432) (846) 4,328 4,211 Initial cash and Divestment Principal funding Dividends/JCP received¹ Principal amortization Acquisition of non- Preferred shareholder Interest and other Others² Final cash and cash equiva
Slide 13: Portfolio
Portfolio May 2025
Slide 14: Global Energy Benchmark
Global Energy Benchmark Raízen is an integrated energy company that operates vertically throughout the chain, from the production to the commercialization of ethanol, sugar, and bioenergy. It is recognized as the largest manufacturer of ethanol from sugarcane in Brazil and one of the largest sugar e
Slide 15: Distribution
Controlled piped gas distribution company Compass, a company created to expand and diversify the gas market in Brazil, promoting more security and competitiveness to Uncontrolled piped gas distribution company the energy matrix. Distribution¹ Commit is a holding company of the company Compass and Mi
Slide 16: 79.8 billion Transported RTK
The company is responsible for the railroad concessions that serve the main export corridors of agricultural commodities in the country, playing a key role in the competitiveness of Brazilian agribusiness in the global market, standing out for offering safe, competitive and efficient logistics solut
Slide 17: Global
Global Lubrication Solutions Company Production, sale and distribution of high-performance lubricants, helping to move the world. R$1.386 R$10.2 644 liters of million Adjusted lubricants sold EBITDA billion Distribution Centers Net revenue 6 factories Export +40 2,157 production countries Employees
Slide 18: R$ 2.0 billion, R$ 1.8 billion
Contributes to the development of Brazilian agribusiness through the efficient management of productive lands EBITDA of R$ 2.0 billion, and net income of R$ 1.8 billion 303 thousand hectares of land in 8 states Grains and fibers R$ 17 billion in market value, 32% with high potential for appreciation