Company Participants Conference Call Participants André Vidal - XP Bruno Montanari - Morgan Stanley Cosan S.A. (NYSE:CSAN) Q3 2023 Earnings Conference Call November 14, 2023 1:30 PM ET Luis Henrique Guimarães - Chief Executive Officer Thiago Duarte - BTG Monique Greco - Itaú BBA Operator Forward-looking considerations are not a guarantee of performance. They involve risks, uncertainties and assumptions as they refer to future events and therefore, depend on circumstances that may or may not occur. Overall, ...

Interno Make it happen Note: (1) Pro forma Net Debt/EBITDA in the last 12 months (LTM), adjusted by lease liabilities (IFRS 16); (2) Only considers the principal value of the debts, without taking into account the interest and MTM. It treats Perpetual Notes in 2031+ 11 Cosan Corporate | MANAGERIAL FREE CASH GENERATION Público | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------|----------------------|-----------------------------------------|------------------ ...

Financial Data and Key Metrics Changes - Cosan's corporate net income growth was attributed to business performance, market-to-market effects of total return swaps, and positive FX variations, with BRL 4.7 billion raised for liquidity and debt amortization until 2025 [3][10][69] - The increase in gross debt was primarily due to new debentures issued, totaling BRL 2 billion, and a bond raising of $550 million [8][10] - The pro forma leverage stood at 2x, indicating appropriate levels for the company [95] Business Line Data and Key Metrics Changes - In renewables, adjusted EBITDA decreased due to lower ethanol sales volumes and prices, while the power business advanced significantly with ongoing partnerships and production records at the Costa Pinto plant [4][65] - Rumo achieved record high quarterly volume and EBITDA, driven by increased transported volumes and average tariffs, reflecting strong demand for agricultural commodities [5] - Moove reported strong EBITDA growth, with a new market share record of 19.7% in Brazil's lubricants market, and an EBITDA exceeding BRL 1 billion over the last 12 months [6][90] Market Data and Key Metrics Changes - The land segment saw an increase in EBITDA due to portfolio appreciation and growth in lease revenues, with a significant sale of land contributing to results [92][78] - The mobility segment in Brazil faced challenges, with stable sales volumes but impacted profitability due to inventory losses and diesel oversupply [66] Company Strategy and Development Direction - The company is focused on optimizing its capital structure and maintaining liquidity, with plans to address all needs by 2025 without further capital raises [19][39] - There is an emphasis on expanding operations in renewables and enhancing productivity while managing costs effectively [75][88] - The company is exploring partnerships and potential acquisitions funded with internal resources, indicating a strategic focus on organic growth [21][35] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the mobility sector but expressed confidence in the overall performance of Moove and other segments [35][75] - The company is optimistic about the future, particularly regarding the São Paulo regasification terminal and its potential impact on operations [105] - Management highlighted the importance of maintaining capital discipline while exploring growth opportunities in various sectors [121] Other Important Information - The company has made significant progress in its ESG agenda, receiving recognitions for its sustainability efforts [88] - The integration of Comet into Compass has contributed positively to distribution margins and network expansion [90] Q&A Session Summary Question: Expectations regarding dividends from Moove and Compass - Management noted that Moove's strong performance was expected, with no specific guidance on future payouts for either company [100] Question: Update on the São Paulo regasification terminal - Management confirmed that the terminal is on track to be operational by the end of the year, with final details being worked on [105] Question: Future IPO plans for Compass and Moove - Management indicated that while there is interest in IPOs, there is no urgency, and they aim to optimize valuation before proceeding [107] Question: Impact of interest rates on capital allocation - Management stated that they are focused on executing projects and optimizing operations despite changes in interest rates [115] Question: Stake in Vale and future plans - Management expressed satisfaction with their current stake in Vale and indicated no immediate plans to increase it [113]

Cosan S.A. (NYSE:CSAN) Q1 2023 Results Conference Call May 16, 2023 9:00 AM ET Company Participants Conference Call Participants Gabriel Barra - Citi Bruno Montanari - Morgan Stanley André Vidal - XP Investimentos Please note that, the information contained in this presentation and in statements that maybe made during the earnings call regarding Cosan's business prospects, projections and operating and financial goals constitute the beliefs and assumptions of the Company's management, as well as information ...

There has been an increase in ESG rules and regulations applicable to our business and we expect this tendency to continue. Given the pace of legislative developments in this area, we may not be able to comply with the new regulations in their totality. We are also exposed to the risk that future ESG rules and regulations may adversely affect our ability to conduct our business by requiring us to reduce the value of our assets or reduce their useful life, facing increased compliance costs or taking other ac ...

[Form 6-K Filing](index=1&type=section&id=Form%206-K%20Filing) This section details the filing of Cosan S.A.'s annual report on Form 20-F with the SEC and its official authorization [Notice to the Market](index=2&type=section&id=Notice%20to%20the%20Market) Cosan S.A. announced the filing of its 2022 annual report on Form 20-F with the SEC, accessible online and via shareholder request - On **April 24, 2023**, Cosan S.A. filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the SEC[4](index=4&type=chunk) - The Form 20-F is publicly available on the SEC's website (www.sec.gov) and the company's investor relations website[4](index=4&type=chunk) - Shareholders can request a free hard copy of the Form 20-F, which includes the company's complete audited financial statements[5](index=5&type=chunk) [Signatures](index=3&type=section&id=Signatures) The report was officially filed under the Securities Exchange Act of 1934 and signed by the Chief Financial Officer on April 24, 2023 - The report is filed pursuant to the requirements of the Securities Exchange Act of 1934[7](index=7&type=chunk) - The report was signed on **April 24, 2023**, by Ricardo Lewin, Chief Financial Officer of Cosan S.A[8](index=8&type=chunk)[9](index=9&type=chunk)

Cosan S.A. (NYSE:CSAN) Q4 2022 Results Conference Call March 1, 2023 9:00 AM ET Company Participants Ricardo Lewin - CFO Luis Henrique - CEO Conference Call Participants Guilherme Palhares - Bank of America Bruno Montanari - Morgan Stanley Marcelo Gumiero - Credit Suisse Gabriel Barra - Citi Operator Good morning, everyone. Thank you for waiting and welcome to Cosan's Earnings Conference Call for the Fourth Quarter and the year 2022. Simultaneous translation will be available during the session. To use it, ...

| --- | --- | --- | --- | |-------|-------|-------|-------| | | | | | | | | | | 2 Público Disclaimer Eventual estimates and forward-looking statements made during this presentation regarding our strategy and opportunities for future growth is mainly based on our current expectations and estimates or projections of future events and trends, which affect or may affect our business and results of operations. Although we believe that these estimates and forward-looking statements are based upon reasonable assum ...

Cosan S.A. (NYSE:CSAN) Q3 2022 Earnings Conference Call November 14, 2022 4:00 PM ET Â Company Participants Luis Henrique Guimarães - Chief Executive Officer Ricardo Lewin - Chief Financial and Investor Relations Officer Conference Call Participants Thiago Duarte - BTG Pactual Bruno Montanari - Morgan Stanley Regis Cardoso - Credit Suisse Luiz Carvalho - UBS Operator Good afternoon, ladies and gentlemen, and thank you for waiting. Welcome to Cosan's Conference Call to discuss the results for the Third Quart ...

Cosan S.A. (NYSE:CSAN) Q2 2022 Earnings Conference Call August 15, 2022 9:00 AM ET Company Participants Ricardo Lewin – Chief Financial and Investor Relations Officer Luis Henrique Guimarães – Chief Executive Officer Conference Call Participants Isabella Simonato – Bank of America Thiago Duarte – BTG Pactual Vicente Neto – Bradesco BBI Luiz Carvalho – UBS Bruno Montanari – Morgan Stanley Gabriel Barra – Citi Regis Cardoso – Credit Suisse Lucas Ferreira – JP Morgan Operator Good morning, ladies and gentlemen ...