Interim Financial Information

Plascar Participações Industriais S.A.

As of September 30, 2023

Plascar Participações Industriais S.A.

Individual and consolidated interim financial information

September 30, 2023

Summary

Management Report

1

Independent auditor's report on individual and consolidated financial statements

3

Reviewed individual and consolidated interim financial information

Balance sheets

5

Statements of income

7

Statements of comprehensive incomes

8

Statements of changes in shareholder's equity

9

Statements of cash flow

10

Statements of value added

11

Notes about the individual and consolidated interim financial information

12

Performance Overview

The non-financial information included in the report, as well as the derived percentages and information on EBITDA, were not reviewed by our independent auditors.

Amounts expressed in thousands of Reais, unless otherwise stated.

Gross Income

In the 3nd quarter of 2023, the gross margin was 14,6% Against 16,9% in the same period of 2022.

The drop in margin is mainly due to the various stoppages of automakers in the period, as this scenario of constant uncertainty caused an increase in the Company's operational inefficiency due to the difficulty in planning production, as well as reduced sales volume, thus increasing the representativeness of fixed costs.

Automotive Market

According to data from ANFAVEA, vehicle production in the third quarter of 2023 had a drop of 6.9% over the same period in 2022, totaling 0.619 million units in the country.

SOURCE: ANFÁVEA - BRAZIL

VAR.

3nd Qtr/22

3nd Qtr/23

VAR. %

9 months/22

9 months/23

%

VEHICLE PRODUCTION

665

619

-6.9%

1,756

1,751

-0.3%

VEHICLE SALES

585

631

7.9%

1,503

1,630

8.5%

ANFAVEA revised projections for the Brazilian market this year, with sales growth of 6.0%, and 0.1% in vehicle production over 2022.

PROJECTIONS 2023 - ANFAVEA

PROJECTION

2021

2022

%

2023

%

PRODUCTION

2,248

2,370

5.4%

2,374

0.1%

LIGHT

2,070

2,176

5.1%

2,246

3.2%

HEAVY

178

194

9.0%

128

-34.2%

Tax Renegotiation

Management concluded the renegotiation of all its liabilities with the PGFN, which comprises the debts accrued up to January 2023 through the Individual Tax Transaction program, as detailed in note 26 and all effects, deductions of fines and interest, as well as the use of Tax loss and CSLL negative basis were recognized in the 2nd Quarter of 2023.

After the accounting record of this Transaction, a positive impact on the Company's result of R$ 177,210 was observed, including fine discounts of R$ 75,894, interest discounts of R$ 40,612 and use of tax losses of R$ 60,704

1

Net Income

The combined result of all the factors mentioned on September 30, 2023, resulted in a cash generation (EBITDA) of R$ 16,950 (7.0%) in the 3nd quarter, as shown in the table below.

CONSOLIDATED PLASCAR BRAZIL

GROSS INCOME

EBITDA (Accumulated)

(Loss)

MONTH/YEAR

NET SALES R$

Accumulated

for the

R$

SALES

R$

SALES

Period (R$)

3nd Qtr/19

111,895

14,241

12.7%

5,510

4.9%

(24,068)

sep/19

290,137

11,469

4.%

(6,781)

-2.3%

(126,681)

Dec/19

407,550

31,303

7.7%

67,051

16.5%

(6,825)

mar/20

91,744

5,699

6.2%

2,631

2.9%

(26,684)

jun/20

133,470

(13,203)

-9.9%

(14,637)

-11,0%

(64,057)

3nd Qtr/20

98,595

0,489

0.5%

(10,775)

-10.9%

(36,023)

sep/20

232,065

(12,714)

-5.5%

(25,412)

-11,0%

(100,08)

Dec/20

369,188

(4,692)

-1.3%

(22,277)

-6,0%

(117,013)

mar/21

142,345

15,238

10.7%

9,179

6.4%

(14,208)

jun/21

287,831

23,227

8.1%

13,779

4.8%

(36,513)

3nd Qtr/21

160,960

5,855

3.6%

(1,248)

-0.8%

(60,671)

sep/21

448,791

29,082

6.5%

12,531

2.8%

(97,184)

Dec/21

612,684

46,297

7.6%

17,415

2.8%

(122,23)

mar/22

192,762

25,717

13.3%

11,748

6.1%

(20,111)

jun/22

389,702

56,156

14.4%

28,215

7.2%

(36,847)

3nd Qtr/22

233,259

39,461

16.9%

19,889

8.5%

(23,516)

sep/22

622,961

95,617

15.3%

48,104

7.7%

(60,363)

Dec/22

848,190

119,988

14.1%

56,482

6.7%

(97,121)

mar/23

224,267

24,661

11.0%

6,273

2.8%

(41,296)

jun/23

449,390

44,263

9.8%

79,089

17.6%

81,960

3nd Qtr/23

242,399

35,337

14.6%

16,950

7.0%

(30,833)

sep/23

691,789

79,600

11.5%

96,039

13.9%

51,127

Human Resources

The Company continues to invest in the professional development of its employees, with approximately 42.9 hours of teaching and training per employee (in the last 12 months), focused on SENAI learning, internships, supplementary education, in addition to technical and operational development training.

On September 30, 2023, the Company had 2,497 employees (2,148 on September 30, 2022).

Relationship with External Auditors

In compliance with CVM Instruction No. 381, we inform that for the nine-month period ended September 30, 2023, the Company did not hire its auditors for a service unrelated to the external audit.

The policy of the Company and its subsidiary in contracting services not related to the external audit with the independent auditors is based on the principles that preserve the independence of the independent auditor, which are: auditors should not audit their own work; the auditor must not perform a management role in his client and the auditor must not advocate for his client.

2

Edifício Trade Tower

Av. José de Souza Campos, 900 1º andar - Nova Campinas

13092-123 - Campinas - SP - Brasil

Tel: +55 19 3322-0500

Fax:+55 19 3322-0559 ey.com.br

A free translation from Portuguese into English of Independent Auditor's Review Report on Quarterly Information prepared in Brazilian currency in accordance with accounting practices adopted in Brazil

Independent auditor's review report on quarterly information

To the Board of Directors, Shareholders and Officers

Plascar Participações Industriais S.A.

Jundiaí - SP

Introduction

We reviewed the individual and consolidated interim financial information of Plascar Participações Industriais S.A. ("Company"), contained in the Quarterly Information Form - ITR for the quarter ended September 30, 2023, which comprise the balance sheet on September 30, 2023, and the related statements of income and comprehensive income for the three and nine-month periods ended on that date, changes in equity and cash flows for the nine-month period ended on that date, including the explanatory notes.

The board is responsible for preparing the individual and consolidated interim financial information in accordance with NBC TG 21 - Interim Statements and with the international standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), as well as for the presentation of these information in accordance with the rules issued by the Brazilian Securities and Exchange Commission ("CVM"), applicable to the preparation of the Quarterly Information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.

Review scope

We conducted our review in accordance with the Brazilian and international standards for reviewing interim financial information (NBC TR 2410 Revisão de Informações Intermediárias executed by the Auditor of the Entity and ISRE 2410 Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. The scope of a review is significantly less than that of an audit conducted in accordance with auditing standards and, consequently, did not allow us to obtain assurance that we became aware of all the significant matters that could be identified in an audit. Therefore, we do not express an audit opinion.

Conclusion on the individual and consolidated interim information

Based on our review, we are not aware of any fact that leads us to believe that the individual and consolidated interim financial information included in the aforementioned quarterly information was not prepared, in all material respects, in accordance with NBC TG 21 and IAS 34 applicable to the preparation of Quarterly Information (ITR) and presented in accordance with the rules issued by the Brazilian Securities Commission.

3

Uma empresa-membro da Ernst & Young Global Limited

Emphasis of matter

Uncertainty about the Company's ability to continue as a going concern

We draw attention to Note 1 of the individual and consolidated interim financial information, which indicates that the Company has an excess of current liabilities over current assets in the amount of R$ 258,815 thousand in the consolidated, in addition to presenting accumulated losses in the amount of R$ 1,289,207 thousand (individual and consolidated), negative shareholders' equity of R$ 357,440 thousand on September 30, 2023 and R$ 201,930 thousand in loans and financing, of which R$ 107,297 are recorded in current and R$ 94,633 thousand in non-current. As presented in Note 1, these events or conditions, together with other matters described in Note 1, indicate the existence of material uncertainty that may raise significant doubt as to the Company's ability to continue as a going concern. Our conclusion is unqualified with respect to this matter.

Other matters

Statements of value added

The quarterly information includes the individual and consolidated value-added statements (DVA) for the nine-month period ended September 30, 2023, prepared under the responsibility of the Company's Management and presented as supplementary information for IAS purposes 34. These statements were submitted to review procedures carried out together with the review of the quarterly information, with the objective of concluding whether they are reconciled with the interim financial information and accounting records, as applicable, and whether their form and content are in accordance with the criteria defined in NBC TG 09 Value Added Statement. Based on our review, we are not aware of anything that causes us to believe that these added value statements have not been prepared, in all material respects, in accordance with the criteria set out in this Standard and consistently with the individual interim financial information. and consolidated taken together.

Campinas, November 10, 2023.

ERNST & YOUNG

Auditores Independentes S.S. Ltda.

CRC SP027623/F

Cristiane Cléria S. Hilario

Partner-Accountant

CRC 1SP243766/O

4

Plascar Participações Industriais S.A.

Balance Sheets

Period ended September 30, 2023 and Year ended December 31, 2022 (In thousands of reais)

Assets

Individual

Consolidated

Current Assets

09/30/2023

12/31/2022

09/30/2023

12/31/2022

Cash and cash equivalents

7,036

18,156

12,076

24,815

Trade accounts receivable

-

-

74,696

63,217

Inventories

-

-

99,679

120,288

Taxes recoverable

19

41

6,007

29,718

Other assets

0

17

-

-

Total current assets

7,055

18,214

192,458

238,038

Noncurrent assets

12/31/2022

12/31/2022

Taxes recoverable

-

-

62,994

67,917

Judicial deposits

-

-

1,313

1,398

Other assets

-

-

87

110

Investment property

-

-

8,205

8,272

Property, plant and equipment in operation

7

7

322,922

330,485

Right-of-use assets

78,938

79,271

Total noncurrent assets

7

7

474,459

487,453

Total assets

7,062

18,221

666,917

725,491

5

Liabilities and equity

Individual

Consolidated

Current liabilities

09/30/2023

12/31/2022

09/30/2023

12/31/2022

Loans and financing

-

-

107,297

91,711

Lease liabilities

-

-

30,712

25,168

Trade accounts payable

-

-

81,262

87,088

Taxes payable

65

185

20,641

4,347

Taxes payable in installments

-

-

47,743

97,551

Payroll, vacation pay and social charges payable

-

-

107,959

221,829

Advances from customers

-

-

27,730

33,736

Other liabilities

-

-

27,929

43,041

Total current liabilities

65

185

451,273

604,471

Noncurrent liabilities

09/30/2023

12/31/2022

09/30/2023

12/31/2022

Loans and financing

-

-

94,633

124,964

Lease liabilities

-

-

65,136

62,896

Related parties

24,410

34,209

7,388

7,329

Taxes payable in installments

-

-

164,431

96,866

Deferred income and social contribution taxes

-

-

21,977

20,502

Contingencies

-

-

7,736

7,129

Provision for capital deficiency

340,027

392,394

-

-

Other accounts payable

-

211,783

209,901

Total noncurrent liabilities

364,437

426,603

573,084

529,587

Equity

Capital

931,455

931,455

931,455

931,455

Equity adjustments

312

316

312

316

Accumulated losses

(1,289,207)

(1,340,338)

(1,289,207)

(1,340,338)

(357,440)

(408,567)

(357,440)

(408,567)

Total equity

(357,440)

(408,567)

(357,440)

(408,567)

Total liabilities and equity

7,062

18,221

666,917

725,491

6

Plascar Participações Industriais S.A.

Income Statements for the period ended of September 30, 2023 and 2022 (In thousands of reais)

Individual

Consolidated

01/01/2023 to

01/01/2022 to

01/01/2023 to

01/01/2022 to

09/30/2023

09/30/2022

09/30/2023

09/30/2022

Net operating revenue

-

-

691,789

622,961

Cost of goods sold

-

-

(612,189)

(527,344)

Gross profit / (loss)

-

-

79,600

95,617

Operating (expenses) and

income

Selling expenses

-

-

(39,575)

(26,008)

General and administrative expenses

(1,446

(1,360)

(60,592)

(60,378)

Equity pick-up

52,367

(59,145)

-

Other operating income/(expenses),

net

-

-

72,961

(159)

50,921

(60,505)

(27,206)

(86,545)

Operating income before

finance income (expenses)

50,921

(60,505)

52,394

9,072

Finance income (expenses)

Finance income

308

176

7,958

10,468

Finance costs

(102)

(34)

(68,455)

(79,124)

(60,497)

(68,656)

Loss before income and social

contribution taxes

51,127

(60,363)

(8,103)

(59,584)

Income and social contribution

taxes

-

-

59,230

(779)

Deferred

-

-

59,230

(779)

Net Income (loss) for the period

51,127

(60,363)

51,127

(60,363)

7

Plascar Participações Industriais S.A.

Statements of comprehensive income for the periods ended September 30, 2023 and 2022 (In thousands of reais)

Individual

Consolidated

04/01/2023 to

01/01/2022 to

04/01/2023 to

01/01/2022 to

09/30/2023

09/30/2022

09/30/2023

09/30/2022

Net profit (loss) for the period

51,127

51,127

(60,363)

(60,363)

Total comprehensive income

51,127

51,127

(60,363)

(60,363)

8

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PLASCAR Participações Industriais SA published this content on 10 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2023 13:48:55 UTC.