Slide 1: 4Q24 Unaudited Financial Information
4Q24 Unaudited Financial Information February 27, 2025 Confidencial
Slide 2: Disclaimer
Disclaimer Any estimates and forward-looking statements made during this presentation regarding our strategy and opportunities for future growth are primarily based on our current expectations and estimates or projections of future events and trends that affect or may affect our business and operati
Slide 3: Portfolio & Liability Management
Portfolio & Liability Management • Extension of the average • The sale of 50% of T39 was • Acquisition of control of debt maturity signed Compagas • Disposal of Vale shares • Partnership with CHS for a • Sale of Norgás distributors (Jan/2025) new terminal in Santos Unaudited information subject to c
Slide 4: Highlights 4Q24 and 2024
Highlights 4Q24 and 2024 EBITDA6 Net Result7 Dividends and IoC received Under management¹ Cosan Corporate² Cosan Corporate 4T24: 4T24: 4T24: R$ 7.6 bln (R$ 9,0 bi no 4T23) R$ (1.6) bln (R$ 2,4 bi no 4T23) R$ 1.0 bln (R$ 1,8 bi no 4T23) 2024: 2024: 2024: Unaudited information subject to change R$ 30.
Slide 5: Portfolio 4Q24 and 2024
Portfolio 4Q24 and 20241 • Higher transported volume (19.9 billion and • Growth in distributed natural gas volume • Reduction in lubricant volumes sold (-5% 79.8 billion RTK ; +2% and 3%, (+9% and 4%) and -3%) respectively) • Higher adjusted EBITDA (+15% and +12%), • Higher adjusted EBITDA (+9% and
Slide 6: Cosan Corporate | Debt Profile
Cosan Corporate | DEBT PROFILE 2 DSCR(x) Gross Debt Dívida Líquida¹ / Alavancagem Net Debt¹ and DSCR² (R$ bi) Market Value Vale3 (BRL bln) (BRL bln) (BRL bln) Net Debt 1,3x 2.3x Valor de mercado 1,0x 1,1x 1.7x 1.8x 1,2x 1,1x VALE3 1,8x 22.7 Dívida Líquida 26.6 27.8 16.3 12.8 11.0 11.3 9.7 1 24.2 Ala
Slide 7: Cosan Corporate | Managerial Cash Movement
Cosan Corporate | MANAGERIAL CASH MOVEMENT (BRL mln) Direct Cash Flow | 4Q24 -608 1.016 -549 -468 Unaudited information subject to change 2.490 -2.675 -798 2.447 -822 4.328 -782 2.447 Initial cash and equivalents Debt management: funding Dividends/Interest Acquisitions Interest and other Dividend di
Slide 8: Q&A
Q&A Confidencial
Slide 9: Appendix
Appendix Portfolio Perfomance Confidencial
Slide 10: Performance driven by growth of average tariff, volumes, and margins
Performance driven by the growth of the average tariff, increase in volumes, and margins Transported Volume / Yield Adjusted EBITDA1 (BRL mln) 163.0 77.0% +25% 152.0 61.1% + 24,5p.p. 53% 122.0 2,214 21,651 +2% 19,585 19,899 +38% 1,667 1,207 3Q24 4Q23 4Q24 3Q24 4Q23 4Q24 Transported Volume (RTK mln)
Slide 11: Superior results driven by volume recovery and Edge operations
Superior results driven by the recovery of volumes and the progress of Edge operations Natural Gas – Distributed Volume (‘000 cbm) Adjusted EBITDA1 (BRL mln) 1.356 1.216 1.320 225 257 190 +15% +36% 1,270 1,251 1,131 1,026 +4% 1,063 1,088 3Q24 4Q23 4Q24 3Q24 4Q23 4Q24 Note: (1) EBITDA adjusted by the
Slide 12: Results leveraged by commercial strategy and supply chain intelligence
Results leveraged by the continuous execution of the commercial strategy and supply chain intelligence Sales Volume1 (‘000 cbm) Adjusted EBITDA2 (BRL mln) +9% -5% 164 164 156 385 272 297 3Q24 4Q23 4Q24 3Q24 4Q23 4Q24 Note: (1) Includes the sales volume of lubricants and base oils. (2) EBITDA adjuste
Slide 13: EBITDA impacted by the revaluation of land
EBITDA impacted by the revaluation of land, in addition to the recurring results from the leasing of agricultural properties and land realization (BRL mln) Net Revenue (BRL mln) EBITDA +206% 1.939 1.496 830 -23% 322 271 143 3Q24 4Q23 4Q24 3Q24 4Q23 4Q24 Confidencial 13
Slide 14: Advance in sugar and ethanol sales offset by trading results
Performance reflected the advance in sugar and ethanol sales, offset by trading results across all business Ethanol Sales Volume (‘000 cbm) Sugar Sales Volume (000’ ton) -11% 2,720 2,599 +10% 2,856 2,418 +21% -10% 737 895 1,299 1,168 4Q23 4Q24 4Q23 4Q24 Average Price1 (BRL’/cbm) Average Price (BRL/t
Slide 15: www.cosan.com.br/en ri@cosan.com
www.cosan.com.br/en ri@cosan.com Confidencial