Iochpe-Maxion (MYPK3) Corporate Presentation summary

Company overview and global presence

• World's largest wheel producer with over 100 years of history and 33 plants in 14 countries, serving global OEM clients.

• Produces approximately 50 million wheels annually, with a workforce of over 18,000 employees.

• Revenue is diversified across Europe (30-41%), North America (26-31%), South America (23-30%), and Asia/Other (8-12%).

• Product mix includes steel and aluminum wheels for light and commercial vehicles, and structural components.

• Corporate structure includes significant family and institutional ownership, with a true corporation model and independent board members.

Financial performance

• Net revenue reached R$16.9 billion in 2022, with R$14.9 billion in 2023 and R$11.4 billion for 9M24.

• EBITDA margin improved to 10% in 9M24 from 8.4% in 2023.

• Net income margin was 1.7% in 9M24, recovering from 0.2% in 2023.

• Wheels account for 73% of revenue, with structural components at 27%.

• Commercial vehicles represent 88% of structural component revenue.

Growth, innovation, and strategic pillars

• Focus on innovation through commercialization of projects, digital transformation, and advanced materials.

• Expansion in Asia (India/China), capacity increases in North America, and new aluminum truck wheel plant planned for 2025.

• Strategic goals include EBITDA margin expansion, cost recovery, and reduced financial leverage.

• Emphasis on compliance, reducing CO2 emissions by 30% by 2025 and 70% by 2030, and achieving carbon neutrality by 2040.

• People strategy centers on engagement, diversity, inclusion, and talent development.