Localiza Rent A Car Sa · BMFBOVESPA:RENT3
Localiza Rent A Car Sa — Q1 2026 Earnings Presentation
22 slides from Localiza Rent A Car Sa's earnings presentation, May 8, 2026
Slide 1: Uso Interno 8 de maio de 2026
Uso Interno 8 de maio de 2026 1
Slide 2: Quarter Highlight
QUARTER HIGHLIGHT Consolidated Net Revenue EBITDA EBIT R$ million (including Mexico) R$ million R$ million 12,284 23 .7% 4,116 10,139 21.2% 3,327 7,141 32 .4% 2,733 5,303 34 .6% 2,064 4,836 6 .4% 5,144 1Q25 1Q26 1Q25 1Q26 1Q25 1Q26 Rentals Seminovos EBITDA EBIT Net Income ROIC versus cost of debt af
Slide 3: Net Revenue and Rental Days – Car Rental
8.5% GROWTH IN QUARTERLY NET REVENUE YEAR - OVER - YEAR, RESULTING FROM THE INCREASE IN THE NUMBER OF RENTAL DAYS AND A HIGHER AVERAGE DAILY RATE Net Revenue – Car Rental R$ million , including royalties 9,647 10,424 8,256 7,422 8.5% 5,788 2,570 2,789 2021 proforma 2022 proforma 2023 2024 2025 1Q25
Slide 4: Utilization Rate and Rental Rate – Car Rental
INCREASE IN AVERAGE DAILY RATE AND GAINS IN UTILIZATION RATE REINFORCE EFFICIENT MANAGEMENT OF PRICING, FLEET MIX, AND PRODUCTIVITY Utilization Rate – Car Rental % 80.4% 82.1% 79.0% 79.7% 78.9% 78.6% 79.0% 2021 proforma 2022 proforma 2023 2024 2025 1Q25 1Q26 Rental Rate – Car Rental R$ 7.0% 8.4% 157
Slide 5: Net Revenue and Rental Days – Fleet Rental
3.8% GROWTH IN QUARTERLY NET REVENUE YEAR - OVER - YEAR, EVEN IN A CONTEXT OF SEVERE – USE PORTFOLIO REDUCTION Net Revenue – Fleet Rental R$ million, including telematics and other initiatives 8,354 9,068 6,677 3.8% 4,436 2,239 2,323 2,986 2021 proforma 2022 proforma 2023 2024 2025 1Q25 1Q26 Rental
Slide 6: Utilization Rate and Rental Rate – Fleet Rental
6.9% INCREASE IN AVERAGE DAILY RATE, WITH GAINS IN FLEET UTILIZATION, ALIGNED WITH RETURN RESTORATION OBJECTIVES Utilization Rate – Fleet Rental % 96.8% 96.2% 97.0% 96.4% 96.1% 95.6% 95.2% 2021 proforma 2022 proforma 2023 2024 2025 1Q25 1Q26 Rental Rate – Fleet Rental R$ 9.6% 6.9% 13.7% 107.5 103.3
Slide 7: Net Revenue and Cars Sold - Seminovos
34.5% GROWTH IN SEMINOVOS NET REVENUE, WITH A HISTORICAL SALES RECORD, REACHING MORE THAN 95 THOUSAND CARS IN THE QUARTER Net Revenue - Seminovos R$ million 22,066 34.5% 7,106 19,165 13,959 5,284 8,531 9,734 2021 proforma 2022 proforma 2023 2024 2025 1Q25 1Q26 Cars sold - Seminovos Quantity 279,844
Slide 8: Car purchase and sales; Net fleet investment
THE COMPANY ACCELERATED SALES VOLUMES IN 1Q26, ADJUSTING THE FLEET TO DEMAND FOLLOWING THE HIGH SEASON AND SPEEDING UP THE REDUCTION OF AVERAGE SALE AGE IN RAC Car purchase and sales Quantity * 52,669 157,347 67,243 13,409 (10,105) (40 ,821) (13,304) 298,536 288,622 293,253 279,844 286,347 296,452 9
Slide 9: Average price of purchase and sale
RENEWAL CAPEX OF R$13.1 THOUSAND IN RAC AND R$20.2 THOUSAND IN FLEET RENTAL Average price of purchase and sale - Car Rental R$ thousand 2023 2024 2025 1Q25 1Q26 Purchase Compra* * 80.7 83.3 83.2 81.9 86.5 (19.4) (16.5) (11.1) (12.8) (13.1) Sale Venda 61.3 66.8 72.1 69.1 73.4 Average price of purchas
Slide 10: End of period fleet
WE CLOSED THE QUARTER WITH 642 THOUSAND CARS IN BRAZIL, AN INCREASE OF 2.6% COMPARED TO THE SAME PERIOD OF THE PREVIOUS YEAR End of period fleet Quantity 2.6% 656,346 667,225 655,716 642,111 626,007 591,041 488,235 1.2% - 2.9% 309,059 312,751 303,684 - 0.6% 302,999 259,596 19.1% 304,906 33.8% 194,04
Slide 11: Consolidated Net Revenue
NET REVENUE OF R$12.3 BILLION IN THE QUARTER, WITH ADVANCE OF 6.4% IN RENTAL AND 34.6% IN SEMINOVOS YEAR - OVER - YEAR Consolidated Net Revenue R$ million 12.1% 41,782 21.2% 12,284 37,272 10,139 15.6% 28,903 37.5% 22,184 43.4% 19,190 34.6% 7,141 14.1% 21,592 5,303 13,959 17,304 9,734 8.4% 8,531 21.0
Slide 12: Consolidated EBITDA
EBITDA TOTALLED R$4.1 BILLION IN THE QUARTER, AN ADVANCE OF 23.7%, WITH STRONG EXPANSION IN RENTAL MARGINS Consolidated EBITDA R$ million 15.4% 13,753 11,915 10,523 8,109 23.7% 6,095 4,116 3,327 2021 proforma 2022 proforma 2023 2024 2025 1Q25 1Q26 2021 2022 EBITDA Margin 2023 2024 2025 1Q25 1Q26 pro
Slide 13: Average annualized depreciation per car
DEPRECIATION IN LINE WITH THE COMPANY’S EXPECTATIONS IN THE QUARTER, ACROSS BOTH RENTAL DIVISIONS Average annualized depreciation per car – Car Rental Effects of the reduction of R$ thousand the IPI 15,177 10,109 9,376 7,525 6,335 7,245 7,501 7,771 7,986 3,587 2,267 7,652 2021 proforma 2022 proforma
Slide 14: Consolidated EBIT
R$2.7 BILLION IN EBIT IN THE QUARTER, AN ADVANCE OF 32.4% YEAR - OVER - YEAR Consolidated EBIT R$ million 34.6 % 7,812 5,583 5,899 5,805 4,923 32.4 % 2,733 2,064 2021 proforma 2022 proforma 2023 2024 2025 1Q25 1Q26 EBIT Margin includes the result of Seminovos and is calculated on rental revenues: 20
Slide 15: Consolidated Net Income
RECORD NET INCOME IN THE QUARTER, REACHING R$1.2 BILLION, WITH GROWTH OF 45.0% YEAR - OVER - YEAR Consolidated Net Income R$ miillion 2,993 45.0% 1,976 1,803 1,813 1,871 1,222 842 2021 proforma 2022 proforma 2023 2024 2025 1Q25 1Q26 2025 EBITDA x Net income reconciliation 2024 2025 1Q25 1Q26 Var. R$
Slide 16: Free cash flow
STRONG PROGRESS IN FREE CASH FLOW GENERATION, WHICH TOTALLED R$2.2 BILLION IN THE QUARTER Free cash flow Free cash flow (R$ million) 2021 2023 2024 2025 1Q26 EBITDA 3,698 10,523 11,915 13,753 4,116 Used car sale revenue, net of taxes (5,308) (13,876) (19,185) (22,183) (7,141) Operations Net book val
Slide 17: Change in net debt – as of 03/31/2026
CASH GENERATED BY RENTAL ACTIVITIES WAS CONSUMED BY FLEET INVESTMENTS, INTEREST PAYMENTS, AND IOC. NET DEBT DECLINED BY 2.8% IN 1Q26 Change in net debt – as of 03/31/2026 R$ million 125 31,052 971 544 30,198 534 89 (173) (2,410) (409) Net debt Cash Purchase and Variation of Capex Interest IOC paid n
Slide 18: Debt maturity profile (principal) – as of 03/31/2026
ROBUST CASH POSITION OF R$9.9 BILLION AND PROGRESS IN ACTIVE DEBT MANAGEMENT AIMED AT REDUCING COSTS AND/OR EXTENDING DURATION Debt maturity profile (principal) – as of 03/31/2026 R$ million Cash equivalent to 86% of debt until 2028 10,914 9,925 9,189 8,032 5,652 2,990 3,093 1,661 Cash and financial
Slide 19: Leverage indicators
WE ENDED THE QUARTER WITH IMPROVEMENT IN LEVERAGE INDICATORS Net debt vs. Fleet value Net debt vs. EBITDA LTM R$ million R$ million 0.62x 2.61x 0.55x 2.08x 52,010 54,528 32,157 30,198 32,157 30,198 12,321 14,543 1Q25 1Q26 1Q25 1Q26 Net debt Fleet value Ratio Net debt EBITDA Ratio Net debt vs. Equity
Slide 20: Evolution of ROIC spread and capital base
ANNUALIZED ROIC OF 17.1%, WITH A 7.1 P.P. SPREAD, IMPACTED BY THE SALE OF A SUBSIDIARY AND REFLECTING PRICE RECOMPOSITION AND COST MANAGEMENT INITIATIVES Evolution of ROIC spread and capital base % e R$ billion 17.0% 17.1% 15.6% 15.8% 14.6% 13.7% 12.9% 11.6% 7.1p.p . 11.6% 6.7p.p. 4.7p.p. 8.0p.p. 10
Slide 21: Q&A
Q&A
Slide 22: Disclaimer
THANK YOU Disclaimer The material presented is a presentation of general background information about LOCALIZA as of the date of the presentation . It is information in summary form and does not purport to be complete, it is not intended to be relied upon as advice to potential investors . This pres