Ultrapar (UGPA3) Investor Day 2025 summary

Strategic direction and portfolio evolution

• Focused on core businesses by divesting non-strategic assets since 2021, enabling capital reallocation to growth areas and operational improvements.

• Portfolio diversified through acquisitions in logistics and energy, including the integration of Hidrovias do Brasil and investments in new energy solutions and infrastructure.

• Largest capital allocation since Ipiranga acquisition was the controlling stake in Hidrovias, reflecting a disciplined, opportunity-driven M&A approach.

• Capital allocation focused on high-return projects, with over 85 opportunities evaluated and eight transactions completed since 2021, aiming for at least 20% ROI on new investments.

• Leadership renewal and governance simplification have been implemented to reinforce long-term value creation and agility, with new incentive models and a more agile management structure.

Operational excellence and efficiency

• Safety culture is a non-negotiable value, with improved lost-time injury rates, ongoing investments in training, technology, and process optimization across all businesses.

• Over 1,165 operational efficiency projects, including robotics, unified management systems, and advanced analytics, resulted in significant cost reductions and productivity gains.

• Efficiency gains achieved through logistics optimization, ERP upgrades, and asset rationalization, including removal of underperforming stations and automation in logistics.

• Lean methodologies and AI-driven initiatives have delivered over BRL 48 million in cost reductions and improved operational KPIs.

• Ultracargo expanded storage capacity by 44% since 2019, leveraging scale and innovation to drive a 15% annual increase in profitability.

Growth initiatives and new business development

• Ipiranga has doubled EBITDA in four years, driven by logistics, supply chain efficiency, and a renewed focus on value-added services and partnerships.

• Ultragaz is shifting towards retail leadership, expanding into new energy solutions like distributed generation, biomethane, and electric energy, with expectations for continued profitability growth.

• Ultracargo is expanding its terminal network, especially in agribusiness corridors, to support Brazil’s growing biofuels and export markets.

• Hidrovias do Brasil began a new growth cycle, optimized its asset base, and launched modular and structural expansion projects to capture logistics demand in key corridors.

• Strategic partnerships and franchise innovations (e.g., AmPm, Krispy Kreme) are enhancing the customer experience and network value.