Camil Alimentos S A : Dados Econômico-Financeiros

COMMENTS ON FINANCIAL PERFORMANCE

INTERIM FINANCIAL INFORMATION

FOR THE PERIOD ENDED ON NOVEMBER 30rd, 2021

The financial data is presented in accordance to the International Financial Reporting Standards (IFRS) and represents the Company's consolidated results in million Reais (R$) with comparisons referring to the third quarter of 2020 (3Q20 - Set/2020 to Nov/2020; YoY comparisons) and second quarter of 2021 (2Q21 - Jun/2021 to Aug/2021; QoQ comparisons), unless otherwise indicated.

Message From Management

We enthusiastically celebrate Camil's third quarter results, which reflect the execution of the Company's expansion and diversification strategy. We began Camil's history in 1963 focused in operations in rice in Brazil to, today, consolidating Camil as one of the largest food platforms in Latin America, with operations in five countries and acting with market leading and relevant brands in all operating categories: rice, beans, sugar, canned fish and, more recently, pasta in Brazil. We reached a gross revenue that already reached close to the mark of R$10 billion in the last twelve months. The entry of recent acquisitions of Dajahu in the rice category in Ecuador and Santa Amália in the pasta category in Brazil to the Company's third quarter results, and the recent announcement of entry into the coffee category and our newest acquisition in Uruguay, once again reinforce the solid growth attributes foundation of our business model, focused on sustainable growth, sales, efficiency and value creation.

First, we announced Camil's entry in Ecuador. We acquired Dajahu´s rice assets, a leader in the segment with significant market share and high growth potential in the country. The transaction represents an important step in Camil's expansion in Latin America, with its conclusion in September 2021. Additionally, Camil and IFC entered into a mandate letter for the financing of the acquisition, subject to the conclusion of agreed conditions. This partnership reinforces our search for the best financing options, terms and costs and our commitment to ESG.

At the end of October, we concluded our entry into the pasta category through the acquisition of Santa Amália in Brazil, the fourth largest company in this segment in the country. Santa Amália is one of the most traditional and renowned pasta companies in the region, including its relevance and leadership in the State of Minas Gerais (MG). It also has prominent brands in the pasta category and a complete portfolio of premium and value priced brands in the category. The geographic complementarity, with regional leadership with significant growth potential for Camil's current categories and its potential for national growth, reinforce the Company's strategy in relevant acquisitions.

And we didn't stop there for category diversifying - we announced our entry into the coffee segment through the acquisition of the Seleto brand and the announcement of the launch of Café União. The operation was carried out through an investment in Café Bom Dia, a company strategically located in Varginha (MG), around the main coffee producing region, with a production capacity of 40 thousand tons of coffee per year, which will boost the Company's inauguration in the coffee category as of March 2022.

Camil has a consistent track record of organic growth and market share expansion through acquisitions. The recent acquisitions represent an important step towards the Company's entry into the pasta and coffee market, as well as entering the Ecuadorian market and expanding into the Uruguayan domestic market. The acquisitions reinforce our strategic objectives of acquiring brands and relevant assets in the consumer sector in South America. We are focused on the process of integrating these new acquisitions, improving efficiency and sales growth in the categories we operate in Latin America.

Camil reinforces its strategy of operating in the food market in South America, which combines resilience, growth opportunities and sustainable results, even in adverse scenarios such as the Covid-19 pandemic. We continue with multiple opportunities for organic and inorganic growth, with the development of new markets and entry into new categories. We started a new cycle full of challenges with the expansion of our business generation capacity, reinforcing our position as a consolidator in the South American food sector.

.

1

Results Highlights

Operational Performance Highlights

Brazil

Quarter highlighted by annual sales volumes increase in Brazil (+9.3% YoY) and sequential reduction in volumes (-4.0% QoQ):

Rice

Beans

Canned Fish

Volumes: 7.2 k tons (-14.1% YoY and -10.2% QoQ)

Gross price: R$27.59/kg (+12.9% YoY and +3.3% QoQ)

Net price: R$21.35/kg (+9.8% YoY and -0.4% QoQ)

YoY Sales Mix: Sales reduction in Coqueiro and value priced brands

Pasta

semester of 2020.

sales due to the country's economic scenario after the impact of the Covid-19 pandemics scenario.

6Source: CEPEA; Wheat Indicator Esalq/Senar-PR

3