Slides
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2Q26 Earnings Presentation
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2Q26 HIGH GROWTHHIGH TURNOVER Sugar Grains - Brazil International Grains - Brazil Pasta R$ 2.8 billion Net Revenue (-7.2% YoY & +3.6% QoQ) R$ 225.3 million EBITDA (-10.1% YoY & +7.3% QoQ) 8.2% EBITDA Margin (-0.3pp YoY & +0.3pp QoQ) 604.7 k tons Volume (-4.6% YoY & +1.9% QoQ) High Turnover Brazil: -4.6% YoY & +0.8% QoQ High Growth Brazil: +14.1% YoY & +5.2% QoQ International: -8.3% YoY & +2.7% QoQ Fish Cookies Coffee 2
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Brazil | High Turnover Highlights 2Q26 Net Price Camil: R$3.89/kg; +10.0% YoY and +1.8% QoQ in 2Q26 Average price of raw material¹ : Rice: R$65.92/bag; -2.9% YoY & +8.5% QoQ in 2Q26 Beans: R$362.74/bag; +69.9% YoY & +3.6% QoQ in 2Q26 Sugar: R$95.14/bag; -21.6% YoY & -3.7% QoQ in 2Q26 High Turnover: Grains and Sugar in Brazil Sales Volumes: 335.9 k tons; -4.6% YoY and +0.8% QoQ in 2Q26 Volumes vs. Net Price Evolution -4.6% Volume YoY 2Q26 ¹Source: CEPEA; Esalq/Senar-RS 50kg paddy rice indicator; Agrolink; Sc 60kg carioca bean indicator; CEPEA; Esalq-SP 50kg crystal sugar indicator.. Main Brands 3 +0.8% Volume QoQ +10.0% Net Price YoY +1.8% Net Price QoQ Net Revenue (%) Volume (%) 56% 44% 352.1 333.1 335.9 2Q25 1Q26 2Q26 -4.6% YoY +0.8% QoQ Volume thousand tons Net Price R$/kg R$ 3.54 R$ 3.82 R$ 3.89
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Brazil | High Growth Highlights 2Q26 Net Price Camil: R$18.75/kg; +20.0% YoY & +7.0% QoQ in 2Q26 High Growth: Pasta. Cookies. Coffee and Canned Fish in Brazil: Sales Volumes: 51.6 thousands tons; +14,1% YoY & +5.2% QoQ in 2Q26 Volume vs Net Price Evolution +14.1% Volume YoY 2Q26 Average Price of Raw Material¹ : Wheat: R$1,396.73/ton; -5.2% YoY & +7.5% QoQ in 2Q26 Coffee: R$1,660.17/bag; -15.5% YoY & -7.7% QoQ in 2Q26 Note: CEPEA; Esalq/Senar-PR Wheat Indicator; CEPEA Esalq; Arabica Coffee Indicator. Main Brands 4 +5.2% Volume QoQ cookies +20.0% Net Price YoY +7.0% Net Price QoQ Net Revenue (%) Volume (%) 8%33% 45.2 49.0 51.6 2Q25 1Q26 2Q26 +14.1% YoY +5.2% QoQ Volume thousand tons Net Price R$/kg R$ 15.62 R$ 17.52 R$ 18,75
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International Highlights 2Q26 Net Price: R$3.15/kg; -18.3% YoY and +3.8% QoQ and 2Q26 International: Uruguay. Chile. Peru, Ecuador & Paraguay Sales Volumes: 217.1 k tons; -8.3% YoY and +2.7% QoQ in 2Q26 Volumes vs. Net Price Evolution -8.3% Volume YoY 2Q26 Main Brands 5 +2.7% Volume QoQ -18.3% Net Price YoY +3.8% Net Price QoQ Net Revenue (%) Volume (%) 23% 236.8 211.4 217,1 2T25 1T26 2T26 Volume mil tons Preço Líquido R$/kg R$ 3,86 R$ 3,04 R$ 3,15 -8,3% YoY +2,7% QoQ
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Financial Highlights | 2Q25 vs. 2Q26 Net Revenue -7.2% COGS -9.7% SG&A +2.9pp Gross Profit +1.2% EBITDA -10.1% Net Profit/Loss Margins (% Net Revenue) Net Revenue: R$2.8 billion (-7.2% YoY) in 2Q26 Gross Profit: R$681.9 million (+1.2% YoY) and 24.7% margin in 2Q26 (+2.1p.p YoY) EBITDA: R$225.3 million (-10.1% YoY) and 8.2% margin in 2Q26 (-0.3p.p YoY) 6 % Net Revenue -47.5% 22.6% 24.7% 8.4% 8.2% 2.6% 1.5% 2,980 2,765 2Q25 2Q26 2,306 2,083 2Q25 2Q26 16.7% 19.6% 2Q25 2Q26 674 682 2T25 2T26 251 225 2T25 2T26 79 41 2T25 2T26
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Financial Highlights | 1Q26 vs. 2Q26 Net Revenue +3.6% COGS +3.3% SG&A -0.8.p.p Gross Profit +4.6% EBITDA +7.3% Net Profit/Loss 7 % Net Revenue Net Revenue: R$2.8 billion (+3.6% QoQ) in 2Q26 Gross Profit: R$681.9 million (+4.6% QoQ) and 24.7% margin in 2Q26 (+0.2p.p QoQ) EBITDA: R$225.3 million (+7.3% QoQ) and 8.2% margin in 2Q26 (+0.3.p QoQ) +47.7% Margins (% Net Revenue) 24.4% 24.7% 7.9% 8.2% 1.0% 1.5% 2,668 2,765 1Q26 2Q26 1Q26 2Q26 20.4% 19.6% 210 225 1Q26 2Q26 652 682 1T26 2T26 2,016 2,083 1T26 2T26 28 41 1T26 2T26
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Capex of R$53 million, with Investments normalizing to Maintenance levels following the completion of the Cambaí in 4Q25. Debt. Capex & Working Capital Debt Working Capital 8 Net Debt/ EBITDA LTM Capex (R$mn) Camil has seasonality in working capital for rice: the first quarters of the year normally show an increase in working capital and the fourth quarter usually shows a release. National: BrAA+ (stable) 84 Debt (in R$mn) 2Q25 1Q26 2Q26 2Q26 2Q26 Closing Date ago-25 mai-26 ago-26 VS 2Q25 VS 1Q26 Total Debt 5,376.1 5,670.2 5,936.3 10.4% 4.7% Loans and Financing 2,509.2 2,407.9 2,599.3 3.6% 7.9% Debêntures 2,866.9 3,262.3 3,337.0 16.4% 2.3% Short Term 2,427.3 1,229.8 1,511.6 -37.7% 22.9% Long Term 2,948.8 4,440.4 4,424.7 50.1% -0.4% Leverage Gross Debt 5,376.1 5,670.2 5,936.3 10.4% 4.7% Cash and Equivalents 1,910.6 1,455.8 1,853.7 -3.0% 27.3% Net Debt 3,465.5 4,214.4 4,082.6 17.8% -3.1% Net Debt/EBITDA LTM 4.1x 4.7x 4.7x 0.6x 0.0x 3,466 3,843 2,966 4,214 4,083 4.1x 4.2x 3.2x 4.7x 4.7x 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 2Q25 3Q25 4Q25 1Q26 2Q26 Net Debt Net Debt/EBITDA LTM 155 95 93 78 53 5.2% 3.2% 3.7% 2.9% 1.9% 0 100 200 300 400 500 600 2Q25 3Q25 4Q25 1Q26 2Q26 Total Capex (% Revenue ex M&A) Working Capital 2Q25 1Q26 2Q26 2Q26 2Q26 Closing Date Aug-25 May-26 Aug-26 VS 2Q25 VS 1Q26Net Revenue LTM 11,768.8 11,095.7 10,880.8 -7.5% -1.9% Inventory 2,261.3 2,445.2 2,274.8 0.6% -7.0% Advance to Suppliers 414.0 643.2 460.8 11.3% -28.4% Receivable 1,444.5 1,881.6 1,476.9 2.2% -21.5% Suppliers 1,370.0 1,870.1 1,250.1 -8.8% -33.2% Other Current Assets 400.3 443.1 441.6 10.3% -0.3% Other Current Liabilities 421.2 530.3 536.7 27.4% 1.2% Working Capital 2,728.9 3,012.8 2,867.3 5.1% -4.8% Days Working Capital 85 d 99 d 96 d 12 d -3 d
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Q&A Luciano Quartiero – CEO Flavio Vargas – CFO Investor Relations Jenifer Nicolini – IR, ESG and Corporate Treasury Executive Manager Flavio Rios – IR Coordinator Rodrigo Perrone – IR Analyst ri@camil.com.br