Financial Data and Key Metrics Changes - For fiscal year 2023, the company reported revenue of $1.8 billion and adjusted EBITDA of $150 million, representing increases of 24% and 64% respectively [44] - Consolidated revenue for Q4 2023 rose by 16.6% to $266 million, driven by a 31.9% year-over-year growth in the Brazil Ag Retail segment [27][22] - Adjusted EBITDA improved to a positive $2.4 million compared to a negative $16.3 million in the prior year, with an adjusted EBITDA margin increase of over 800 basis points year-over-year [55] Business Line Data and Key Metrics Changes - The Crop Care segment accounted for nearly 19% of adjusted EBITDA in fiscal year 2023, up from 8% the previous year, with revenues and gross profit expanding by 94% and 138% respectively [21][45] - The Brazil Ag Retail segment saw improved sales volumes of fertilizers, crop protection, and specialty products, which more than offset price declines [27] - Gross profit for the quarter increased by 26.7% to $46.9 million, with gross margin widening by 140 basis points to 17.7% [52] Market Data and Key Metrics Changes - The company anticipates a nearly 20% decline in the ag input market in Brazil for the 2023/2024 crop year, reflecting ongoing pricing pressures [33][47] - The Colombian operations experienced a 3% decline compared to the prior year, driven by the devaluation of the Colombian peso, although local currency growth was 10% [51] - Price volatility in commodities like soybean and corn, along with declining fertilizer and agrochemical prices, posed challenges to operations in Brazil [46] Company Strategy and Development Direction - The company is focused on enhancing agronomic and financial services offerings, including a partnership with Stenon for soil testing technology [5][60] - The M&A strategy remains active, with seven signed MOUs and ongoing discussions with various companies, emphasizing a disciplined approach to acquisitions [59] - The company aims to leverage its scale and technology investments to improve market share and financial performance as market conditions normalize [62] Management's Comments on Operating Environment and Future Outlook - Management noted that farmers remain profitable, which is a key indicator for future input purchases, despite current market challenges [9][66] - The company expects the first half of fiscal year 2024 to experience pricing headwinds, with normalization anticipated in the second half [66] - Management expressed confidence in long-term growth fundamentals, despite short-term adjustments due to market conditions [76] Other Important Information - The company is expanding its crop insurance offerings through partnerships with Brasilseg and BTG to provide tailored insurance against weather events [61] - The company has seen positive feedback from clients regarding its new services and anticipates strong demand for its Crop Care products [60] Q&A Session Summary Question: Confidence in the second half and purchasing metrics - Management indicated that farmers are delaying purchases but are expected to make necessary purchases, suggesting a temporary delay rather than a loss of business [39][66] Question: Pricing assumptions for the fiscal year - Management confirmed that pricing pressures are expected to persist in the first two quarters, with normalization anticipated in the latter half of the fiscal year [66] Question: Growth potential for Crop Care - Management believes there is significant potential for Crop Care to increase its market share and shelf space, particularly in the biologics segment [82]

Gross Profit decreased by 15% in 3Q23 due to the revenue reduction and margin decrease (Crop Care's sales phasing + lower margins from herbicides). On a YTD basis, 1.3 p.p. margin expansion Adjusted Profit was impacted by higher financing expenses, as a result of the M&A activities, and market interest rates increase 9M23 vs. 9M22 Revenue by Segment Note: (1) For illustrative purposes only, Lavoro has translated its amounts in reais to U.S. dollars. The average exchange rate for the third quarter of 2023 (J ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ FORM 20-F (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 o SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report: Commission File Number: 001-41635 Lavoro Limited OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 F ...

Exhibit 99.3 Ta b l e o f C o n t e n t s C o n t e n t C o n s olid a t e d fin a n cial s t a t e m e n t s C o n s olid a t e d s t a t e m e n t o f fin a n cial p o sitio n C o n s olid a t e d s t a t e m e n t o f p r o fit o r lo s s C o n s olid a t e d s t a t e m e n t o f c o m p r e h e n siv e in c o m e o r lo s s C o n s olid a t e d s t a t e m e n t o f c h a n g e s in e q uit y C o n s olid a t e d s t a t e m e n t o f c a s h flo w s 1. B a c k g r o u n d in fo r m a tio n 2. Sig nifi ...

As filed with the Securities and Exchange Commission on May 8, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Lavoro Limited (Exact Name of Registrant as Specified in Its Charter) Not Applicable (Translation of Registrant's name into English) Cayman Islands (State or Other Jurisdiction of Incorporation or Organization) 2870 (Primary Standard Industrial Classification Code Number) Not Applicable ...

Exhibit 99.1 Lavoro Group Unaudited Interim Condensed Combined Financial Statements December 31, 2022 C o n t e n t U n a u dit e d in t e rim c o n d e n s e d c o m bin e d fin a n cial s t a t e m e n t s Interim condensed combined statement of financial position Interim condensed combined statement of profit or loss 6 Interim condensed combined statement of comprehensive income 7 Interim condensed combined statement of changes in net investment 8 Interim condensed combined statement of cash flows 9 4 4 ...

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on March 23, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT OF 1933 Lavoro Limited (Exact Name of Registrant as Specified in Its Charter) Not Applicable (Translation of Registrant's name into English) Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT Cayman Islands (State or Other Jurisdiction of Incorporation or Organization) 2870 (Primary Standard Industrial Classification Code Number) Not Applicabl ...