Localiza institucional eng versao final

1August, 2013

2

1. Company overview

2. Main business divisions

� Car Rental

� Fleet Outsourcing

� Seminovos

3. Consolidated

4. Debt and cash

5. Appendix

� Earnings release 2Q13

Agenda

3

Company: milestones

Phase I – Rise to #1

1973 – Founded in Belo Horizonte/MG

Late 70’s - Acquisitions in the Northeast of Brazil

1981 – Brazilian car rental leader in # of branches

Phase II – Expansion

1984 – Expansion strategy by adjacencies: Franchising

1991 – Expansion strategy by adjacencies: Seminovos

1997 – PE firm DL&J enters at a market cap of US$ 150 mm

1997 – Expansion strategy by adjacencies: Fleet Outsourcing

Phase III – Reaching Scale

2005 – IPO: market cap of US$ 295 mm

2011 – Rated as investment grade by Moody’s, Fitch and S&P in 2012

2012 – ADR level I

06/30/2013 – Market cap of US$3.0 biwith ADTV of R$44.7 million

1973 1982 1983 2004 2005 2013

4

Company: integrated business platform

Synergies:

bargaining power

Cost reduction

cross selling

� 14,442 cars

� 194 locations in Brazil

� 57 locations in South America

� 39 employees

� 62.1% sold to final consumer

� 74 stores

� 1,004 employees

� 70,971 cars

� 3.6 million clients

� 282 locations

� 4,423 employees

� 32,489 cars

� 754 clients

� 358 employees

This integrated business platform gives Localiza flexibility and superior performance.

Based on the 2Q13

5

Company: Business platform divisions

Car Rental

Localiza car rental rents to individuals or businesses at airports and other locations.

The traditional backbone of Localiza. With its giant fleet that gets renewed annually, it lays the foundation for all scale effects captured by the group as a whole.

Fleet Outsourcing

Total Fleet, offering customized fleet for 2-3 years terms.

Total Fleet is seen as an additional business that generates value by leveraging synergies created by the integrated platform approach.

Used car sales

Support area, with the objective to sell the Company’s used cars and add know-how in buying cars and estimating the residual value.

As a support business activity, Seminovos enables the sell roughly 70% of used cars directly to the final customer, thereby maximizing the residual value of used rental cars.

Franchising

Supplementary business, with the purpose to expand the brand’s network.

Franchising is seen as a primarily strategic business by management – the revenues generated are low, however brand and network expand at minimum capital expenditure.

6

R$28.4Car acquisition

Net car salerevenue R$24.41 year cycle

2012 - Car Rental Financial Cycle

R$26.4without IPI (7%)

1 2 3 4 5 6 7 8 9 10 11 12Expenses, interest and tax

Revenue

(*) Excluding additional depreciation effect related to IPI reduction(**) ROIC over the car acquisition cost without IPI: 18.7%

Spread11.1p.p.

Total

1 year

R$ % R$ % R$

Net revenues 20.4 100.0% 27.1 100.0% 47.5

Costs (8.9) -43.6% (8.9)

SG&A (3.2) -15.6% (2.7) -10.0% (5.9)

Net car sale revenue 24.4 90.0% 24.4

Book value of car sale (23.2) -85.5% (23.2)

EBITDA 8.3 40.9% 1.2 4.5% 9.6

Depreciation (vehicle) (1.9) (*) -7.0% (1.9)

Depreciation (non-vehicle) (0.4) -1.8% (0.2) -0.9% (0.6)

Interest on debt (1.7) -6.4% (1.7)

Tax (2.4) -11.7% 0.8 2.9% (1.6)

NET INCOME 5.6 27.3% (1.9) -6.9% 3.7

NOPAT 4.9

ROIC (**) 17.4%

Cost of debt (average CDI + 1.19%) after tax 6.3%

per operating car per operating car2012Car Rental Seminovos

7

R$36.1Car acquisition

Net car salerevenue R$23.22 year cycle

2012 - Fleet Outsourcing Financial Cycle

Spread8.7p.p.

R$33.6without IPI (7%)

1 2 3 4 5 6 19 20 21 22 23 24Expenses, interest and tax

Revenue

(*) Excluding additional depreciation effect related to IPI reduction(**) ROIC over the car acquisition cost without IPI: 16.1%

Total

2 years

R$ % R$ % R$

Net revenues 35.3 100.0% 25.6 100.0% 60.9

Costs (9.6) -27.3% - 0.0% (9.6)

SG&A (2.2) -6.3% (2.4) -9.3% (4.6)

Net car sale revenue 23.2 90.7% 23.2

Book value of car sale (22.5) -88.0% (22.5)

EBITDA 23.4 66.4% 0.7 2.7% 24.1

Depreciation (vehicle) (8.6) (*) -33.7% (8.6)

Depreciation (non-vehicle) (0.1) -0.2% - 0.0% (0.1)

Interest on debt (2.9) -11.3% (2.9)

Tax (7.0) -19.9% 3.2 12.7% (3.8)

NET INCOME 16.3 46.3% (7.6) -29.6% 8.8

NET INCOME per year 8.2 46.3% (3.8) -29.6% 4.4

NOPAT 5.4

ROIC (**) 15.0%

Cost of debt (average CDI + 1.19%) after tax 6.3%

2012Fleet Rental Seminovos

per operating car per operating car

8

Spread (ROIC minus cost of debt after taxes)

ROIC Cost of debt after taxes

(*) 2008 and 2012 ROIC were calculated excluding additional fleet depreciation that was treated as equity loss since they were extraordinary non-recurring events caused by external factors (IPI reduction for new cars), following the concepts recommended by Stern Stewart.

10,9% 8,4% 8,8% 7,6% 7,3% 8,6% 6,3% 5,4%

18,7%21,3%

17,0%11,5%

16,9% 17,1% 16,1% 16,1%

2006 2007 2008 2009 2010 2011 2012 1H13

7.8p.p. 12.9p.p.8.2p.p.

4.0p.p.9.6p.p. 8.5p.p.

10.7p.p.9.8p.p.

505.9 608.2 745.2

883.1 1,087.1 1,096.3

1,382.1 1,605.4 1,703.0

2004 2005 2006 2007 2008 2009 2010 2011 2012

9

Rental revenues evolution

4,091.5 4,128.9 4,255.7 4,542.6 4,971.7 5,141.7 5,763.9 6,038.7 6,230.0

2004 2005 2006 2007 2008 2009 2010 2011 2012

Localiza’s rental revenues at constant prices

Sector’s revenue at constant prices

In 2012 the Company grew 6.8x GDP and 3.6x the sector.

GDP 5.7% 3.2% 4.0% 6.1% 5.2% -0.3% 7.5% 2.7% 0.9%

Average GDP growth: 3.9%

Source: ABLA (Brazilian Car Rental Association)

10

Raising money

Renting cars Selling carsBuying

cars

Cash to renew the fleet or pay debt

$

$

Profitability comes from rental divisions

Competitive advantages: 40 years of experience in managing assets

11

Competitive advantages: raising money

Global Scale

National Scale

Localiza raises money with lower spreads when compared to Brazilian competitors.

As of May, 2013.

BBB- S&PBaa3 Moody’sBBB- Fitch

BBB+ S&P B+ S&P B+ Fitch B1 Moody's

brAAA S&P Aa1.br Moody’sAA+(bra) Fitch

A+ (bra) FitchbrA S&P

A (bra) FitchbrA S&P

A (bra) Fitch

Raisingmoney

Buyingcars

Renting CarsSellingCars

12

Competitive advantages: buying cars

Localiza buys cars with better conditions due to the volume of purchases.

Number of cars purchased - 2012

* Includes Franchising

Localiza Unidas Locamerica

67,492

15,3769,522

*

Source: each company website

Localiza’s share in the internal sales of the major OEMs - 2012

2.1%

Raisingmoney

Buyingcars


13

The Company is present in 254 cities where the other largest networks do not operate.

Competitive advantages: renting cars

Know HowBrand Brazilian distribution

# o

f b

ran

ch

es

# o

f cit

ies

Localiza Hertz Unidas Avis

Source: Brand Analytics and each company website (Localiza and Peers, March of 2013)

118

118

52

478

288

340

80 6829

Raisingmoney

Buyingcars


14

Sales to final consumer

Competitive advantages: selling cars

Selling directly to final consumer reduces depreciation.

Cars available for sale are used by car rental division during peaks of demand.

Raisingmoney

Buyingcars


Buffer: additional fleet

15

1. Company overview


� Car Rental


� Seminovos

3. Consolidated

4. Debt and cash

5. Appendix


Agenda

16

Car Rental overview

63.4%Compact cars

2012 Fleet composition

65,086 cars

36.6%Others

Net Revenues (R$ million)

Corporate fleet size

39,112

61,445 65,086

2008 2010 2012

346.1 428.0 565.2 585.2

802.2 980.7 1,093.7

532.3 563.6

2006 2007 2008 2009 2010 2011 2012 1H12 1H13

17

Drivers

71

128154

179 193

2003 2009 2010 2011 2012

Air traffic passengers - millionInvestments in Brazil (2013-2016)(US$ 300 billion)

Source: BNDES, INFRAERO, IPEADATA and BCB

202

132

79 7251

36

GDP per capita

(R$ thousands)

6.9 7.5 8.4 9.5 10.7 11.7 12.8

14.2 16.0 16.6

19.0 21.3 22.4

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

151180 200

240260 300

350380

415465

510545

622

51%

38%37% 35%

31%27%

22% 20%18% 16% 15% 15% 13%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Monthly minimum salary (R$) Daily rental price over minimum salary (%)

Car rental affordability

18

Distribution

254 279312

346381

415449 474 476

2005 2006 2007 2008 2009 2010 2011 2012 1H13

Car rental distribution (Brazil)

19Source: Abla and each company’s website (March, 2013)

Off-airport market is still fragmented.

Airport locations Off-airport locations

Car Rental Locations in Brazil

2012 Share – Car Rental

Source: ABLA, Companies’ Financial Statements, and Localiza’ estimates (breakdown only).20

36.7%

7.1%

Others50.0%

6.2%

Gross Rental Revenue

R$3,083 million

Unidas

Others58.1%

30.9%

4.6%

6.5%

Fleet210,506 cars

Unidas

Characteristics of Car Rental network in Brazil:

� Complex chain management

� High fixed-cost structure

� Market consolidated in airports and fragmented in off-airport locations

� High barrier to entry

� Capital intensive

43.8%

35.5%

21

2012 Share – Car Rental

Others Consolidated

Gross Revenues* R$ million

1,350 191 1,542 3,083

Fleet (End of period) * 74,667 13,602 122,237 210,506

Strenghts**

• Unrivaled local scale• Strong footprint• Synergies• Stable management

• Capitalized by three Private Equity funds

• Local expertise• Low fixed cost

structure -

Weaknesses**---- • Weak footprint

• Relatively weak brand• Unclear priorities

between rental and fleet • Used car sales retail

network• Funding costs

• High funding costs• Lack of scale• Weak footprint• Weak brand

-

* Companies’ Financial Statements and Brazilian Car Rental Association (ABLA) ** Roland Berger.

22

1. Company overview


� Car Rental


� Seminovos

3. Consolidated

4. Debt and cash

5. Appendix


Agenda

23

Number of clients

Fleet Outsourcing overview

40.0%Compact cars

2012 Fleet composition

32,104 cars

60.0%Others

622699 729

2008 2010 2012

Net Revenues (R$ million)

184.0 219.8 268.4

303.2 361.1

455.0 535.7

261.3 288.9

2006 2007 2008 2009 2010 2011 2012 1H12 1H13

2012 Share – Fleet Outsourcing


Others62.2%%

17.6%

1.7%

7.8%

10.7%

Gross Rental Revenues

R$3,147 million

Unidas

Locamerica

Others70.1%

11.5% 0.9%

7.0%

10.5%

Fleet279,042 cars

Unidas

Locamerica

Characteristics of the Fleet Outsourcing business in Brazil:

� Scale of little relevance after initial scale (10,000 cars)

� Risk of forecast of car residual value by the end of the contract (depreciation)

� Low entry barrier

19.3%12.4%

25

Others Consolidated

Gross Revenues* R$ million

607 245 337 1,958 3,147

Fleet (End of period)* 34,527 19,585 29,252 195,678 279,042

Strenghts**

• Takes advantage ofsynergies providedby the integratedplatform

• Capitalized (Private Equity funds)

• Synergies with its rental car business area

• Brazil’s second player

• Successful IPO 04/2012

- -

Weaknesses**

• Loss making in the last six years (competing on price in the pursuit of market share)

• Used car sales retail network

• Low profitability (competing on price in the pursuit of market share)

• Depreciation calculus

• Used car sales retail network

• High funding costs• Competing by

price• Lack of scale

-

2012 Share – Fleet Outsourcing

* Companies’ Financial Statements and Brazilian Car Rental Association (ABLA) ** Roland Berger.

26Source: ABLA and Datamonitor

Approximately 50% of targeted fleet is outsourced.

Outsourced fleet penetration

Corporate fleet:

5,000,000*

Targeted fleet:

500,000

Rented (outsourced) fleet:

279,042

32,104

Brazilian Market World

5.4%8.9%

13.3%16.5%

24.5%

37.4%

46.9%

58.3%

Bra

zil

Poland

Cze

ch R

epublic

Ger

man

y

France

Spain Uk

Holla

nd

Drivers

*Estimated

27

1. Company overview


� Car Rental


� Seminovos

3. Consolidated

4. Debt and cash

5. Appendix


Agenda

28

Combining Localiza’s brand with a growing network of stores

enables the Company to continuously sell thousands of cars at market prices.

# of points of sale

Car sales – operating data

2632 35

49 5566

73 74

2006 2007 2008 2009 2010 2011 2012 1H13

+1

29

8.0 7.9 7.4

6.9 6.5

5.95.5

2005 2006 2007 2008 2009 2010 2011

Income increase and credit availability are the major drivers for car sales.

Source: O Estado de São Paulo, as of 04/15/12 (based on researches of Sindipeças, Roland Berger and PWC).

Used car sales drivers: affordability and penetration

# of inhabitants per car (2011) # of inhabitants per car - Brazil

5.5

4.2

4.0

3.6

2.1

2.0

1.9

1.8

1.3

Brazil

Argentina

Russia

South Korea

Japan

France

Germany

United Kingdon

USA

2.9

3.8

6.0 5.8

8.0

9.9

10.7

12.9

7.06.7

7.1 7.3 7.1

8.48.9 9.0

1.6 1.82.3

2.73.0

3.3 3.5 3.6

30

4.4x3.7x

3.1x 2.7x2.4x 2.5x 2.5x

2005 2006 2007 2008 2009 2010 2011 2012

2.6x

Brazilian car market: new x used car market and affordability

Individuals with affordability to buy a car*

New cars

Used cars

Source: FENABRAVE (Autos + light commercial) and Bradesco

* Population with affordability to buy a new compact car (R$25,000) with 20% downpayment, prices as of December 2012

31

2012 Up to 2 years409.121

2012 Brand new3,634,421

2012 Used cars9,011,470

0.6% 1.6% 13.9%

Car sales – operating data

Source: Fenabrave 2012 Yearbook.

23,174 30,093

34,281 34,519

47,285 50,772 56,644

27,789 26,603

2006 2007 2008 2009 2010 2011 2012 1H12 1H13

# of cars sold (Quantity)

32

Examples

• Dealers• Fiat, VW, Ford, GM most

successful• Auto Brasil

• Rental operators• Locamerica, Hertz

• Retailers• “Loja do carro”

• “Auto malls” and “Cidade do automóvel”

Strengths*

• Brand and perceived image/ experience

• Support often directly from the OEM’s

• Flexibility in trade-in cars• Strong media presence

• Tailored to popular customer demand at purchase, hence likely to be an attractive value proposition when for sale

• Often appeal to lower income classes, with older cars

• Occasionally specialized in niches

• Comfort and convenience

• Variety of models and brands

• Flexibility in exchange

Weaknesses*

• Used cars not a core business

• Cars often older than 2 years

• Stigma about heavy usage during rental car years

• Weak retail network• Geographical

concentration (SP)• Lower media presence

• No brand recognition (lower reputation market)

• Financing options with higher interest rates

• Lower media presence

• Cars often older than 2 years

• It hasn’t been successful

Points of sale • 3,714 (Anfavea)• 25 (Unidas, Locamerica,

Avis and Hertz website).• 45,600 (Fenauto) • 71 (Fenauto)

Main players

*Source: Roland Berger

33

1. Company overview


� Car Rental


� Seminovos

3. Consolidated

4. Debt and cash

5. Appendix


Agenda

2012 Consolidated share


Others Consolidated

Gross RentalRevenues – R$ million

1,957 436 337 3,500 6,230

Fleet (End of period ) 109,194 33,187 29,252 317,915 489,548

Others56,2%

31.4%

7.0%

5.4%

Gross RentalRevenues

R$ 6,230 million

Unidas

Others64.9%

22.3%

6.8%

6.0%

# of cars489,548 cars

Unidas

Locamerica

Locamerica

35

2012 Consolidated breakdownR$ million

Net Revenues EBITDA

7%

41% 52%

48%

17%35%

Company’s profitability comes from Car Rental and Fleet Outsourcing Divisions.

EBIT*

42%

58%

Rental Seminovos

Net revenues EBITDA EBIT Net income

1,111.0 456.2 267.9 131.7

535.7 355.9 197.9 109.2

1,520.0 63.5 * *

Consolidated 3,166.7 875.6 465.8 240.9

*Seminovos results recorded in the Car Rental and Fleet Outsourcing Division.

36

Consolidated Net RevenuesR$ million

537.4 655.0 842.9 898.5 1,175.3 1,450.0 1,646.7

801.6 861.9588.8

850.5 980.8 922.4

1,321.9 1,468.1

1,520.0

762.7 744.6

2006 2007 2008 2009 2010 2011 2012 1H12 1H13

1,126.2

1,505.51,823.7

2,918.1

1,564.3 1.606,51,820.9

2,497.2

3,166.7

Rental Seminovos

Divisions 2006 2007 2008 2009 2010 2011 2012 1H12 1H13

Car Rental 43.4% 46.0% 45.9% 41.9% 45.3% 46.9% 40.9% 41.3% 35.7%

Fleet Outsourcing 71.4% 71.3% 69.1% 68.7% 68.0% 68.6% 66.4% 66.0% 66.1%

Rental Consolidated 52.9% 54.5% 53.3% 51.1% 52.3% 53.8% 49.3% 49.4% 46.1%

Used Car Sales 4.6% 5.5% 5.6% 1.1% 2.6% 2.8% 4.2% 3.9% 6.0%

311.3 403.5504.1 469.7

649.5821.3 875.6

425.7 442.3

2006 2007 2008 2009 2010 2011 2012 1H12 1H13

37

Consolidated EBITDAR$ million

Excluding accessories and freight recorded for new cars, Car Rental EBITDA margin in 2Q13 would be 38.4%.

2,383.3 2,395.8

5,083.14,371.7

3,509.74,133.0

5,408.2 4,883.7

2006 2007 2008 2009 2010 2011 2012 1H13

939.1332.9

2,546.0 2,577.0

1,536.0 1,683.9

3,972.4

1,233.5

2006 2007 2008 2009 2010 2011 2012 1H13

38

Average depreciation per carin R$

* Annualized

*

Robust used-car market

Financial crisis effect

IPI reduction effect

* Annualized

*Robust used-car market

Financial crisis effectIPI reduction effect

39

Consolidated Net IncomeR$ million

Excluding the effect of IPI tax exemption in 1H12, net income increased 28.6% this quarter.

* Pro forma 2012 net income excluding additional depreciation, net of income tax.

138.2

190.2

127.4 116.3

250.5

291.6

240.9

83.4

192.3

2006 2007 2008 2009 2010 2011 2012 1H12 1H13

336.3 *

149.5 *

Record

40

1. Company overview


� Car Rental


� Seminovos

3. Consolidated

4. Debt and cash

5. Appendix


Agenda

4141

Free Cash Flow

(*) Technical discount deduction excluded until 2010

Free cash flow - R$ million 2006 2007 2008 2009 2010 2011 2012 1H13

EBITDA 311.3 403.5 504.1 469.7 649.5 821.3 875.6 442.3

Used car sale revenue, net from taxes (588.8) (850.5) (980.8) (922.4) (1,321.9) (1,468.1) (1,520.0) (744.6)

Depreciated cost of cars sold (*) 530.4 760.0 874.5 855.1 1,203.2 1,328.6 1,360.2 653.5

(-) Income tax and social contribution (42.7) (63.4) (52.8) (49.0) (57.8) (83.0) (100.9) (48.7)

Change in working capital (4.8) 13.3 (44.8) (11.5) 54.5 (83.9) 37.1 (19.9)

Cash provided before investment 205.4 262.9 300.2 341.9 527.5 514.9 652.0 282.6

Used car sale revenue, net from taxes 588.8 850.5 980.8 922.4 1,321.9 1,468.1 1,520.0 744.6

Car investment for renewal (643.3) (839.0) (1,035.4) (947.9) (1,370.1) (1,504.5) (1,563.3) (748.0)

Net investment for fleet renewal (54.5) 11.5 (54.6) (25.5) (48.2) (36.4) (43.3) (3.4)

Fleet renewal – quantity 23,174 30,093 34,281 34,519 47,285 50,772 56,644 26,603

Other property investment (32.7) (23.7) (39.9) (21.0) (51.1) (63.0) (80.2) (18.1)

Free cash flow before growth and before interest 118.2 250.7 205.7 295.4 428.2 415.5 528.5 261.1

Investment on cars for fleet (growth) /reduction (287.0) (221.9) (299.9) (241.1) (540.3) (272.0) (55.5) (196.3)

Change in accounts payable to car suppliers 222.0 (51.0) (188.9) 241.1 111.3 32.7 (116.9) 94.9

Fleet growth (65.0) (272.9) (488.8) 0.0 (429.0) (239.3) (172.4) (101.4)

Fleet increase / (reduction) – quantity 10,346 7,957 9,930 8,642 18,649 9,178 2,011 6.984

Free cash flow after growth and before interest 53.2 (22.2) (283.1) 295.4 (0.8) 176.2 356.1 159.7

42

Changes in net debt R$ million

Net debt was reduced by 9.7% in 2012 and 3.5% in this semester.

- 1,187.9

(44.1)

Interest

(35.5)

Interest on own capital and dividends

Net debt 06/30/2013

FCF159.7

-1,231.2

Net debt12/31/2012

FCF after interest

115.6

(36.8)

Purchase of Company’s

shares

43

Debt - ratios

Net debt vs. Fleet value

BALANCE AT THE END OF PERIOD

2006(*) 2007(*) 2008(*) 2009(*) 2010(*) 2011 2012 1H13

Net debt / Fleet value 36% 51% 72% 57% 52% 51% 48% 44%

Net debt / EBITDA (**) 1.4x 1.9x 2.5x 2.3x 2.0x 1.7x 1.4x 1,3x

Net debt / Equity 0.7x 1.3x 2.0x 1.5x 1.4x 1.2x 0.9x 0.8x

EBITDA / Net financial expenses 4.8x 5.4x 3.8x 4.2x 5.0x 4.6x 6.3x 10.0x

(*) From 2006 to 2010, ratios based on USGAAP financial statements.(**) Annualized

Net debt Fleet value

Comfortable debt ratios.

440.4 765.1

1,254.5 1,078.6

1,281.1 1,363.4 1,231.2 1,187.9 1,247.7 1,492.9

1,752.6 1,907.8

2,446.7 2,681.7 2,547.6 2,717.0

2006 2007 2008 2009 2010 2011 2012 1H13

140.0 258.0 200.0

592.2 462.0

146.0 172.0

2013 2014 2015 2016 2017 2018 2019

44

Debt Profile (principal)R$ million

The Company continues delivering a strong cash position and comfortable debt profile.

Cash

854.0

598.0

45

Localiza Level I ADR

�Ticker Symbol: LZRFY

�CUSIP: 53956W300

�ISIN: US53956W3007

�Ratio: 1 Common Share : 1 ADR

�Exchange: OTC

�Depositary bank: Deutsche Bank Trust Company Americas

�ADR broker helpline: +1 212 250 9100 (New York)

+44 207 547 6500 (London)

�E-mail: [email protected]

�ADR website: www.adr.db.com

�Depositary bank’s local custodian: Banco Bradesco S/A, Brazil

46

Disclaimer

DisclaimerThe 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 presentation is strictly confidential and may not be disclosed to any other person. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of the information presented herein.

This presentation contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the operations and business environments of LOCALIZA and its subsidiaries that may cause the actual results of the companies to be materially different from any future results expressed or implied in such forward-looking statements.

Although LOCALIZA believes that the expectations and assumptions reflected in the forward-looking statements are reasonable based on information currently available to LOCALIZA’s management, LOCALIZA cannot guarantee future results or events. LOCALIZA expressly disclaims a duty to update any of the forward-looking statement.

Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the Securities Act of 1933. Any offering of securities to be made in the United States will be made by means of an offering memorandum that may be obtained from any underwriters we may appoint in connection with an offering of securities in future. Such offering memorandum will contain, or incorporate by reference, detailed information about LOCALIZA and its business and financial results, as well as its financial statements.This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities. Neither this presentation nor anything contained herein

shall form the basis of any contract or commitment whatsoever.

Website: www.localiza.com/ir E-mail: [email protected] Phone: 55 31 3247-7024

Roberto MendesCFO and IR

Nora LanariHead of IR

Localiza institucional eng versao final

Automotive

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