A word from
our leadership

We closed the two-year period 2020/2021 with 16 acquisitions and/or mergers. The capital market acknowledges and attests to the maturity and quality of our strategic planning and value creation capacity.

We are committed to monitoring the impacts of our operations and this includes the way we use our assets. Our commitment can be seen in the first Sustainability-Linked Bond issued in the sector worldwide, which raised a total of R$ 8.1 billion.

We are highly confident in the business plans of our subsidiaries, targets and objectives and invest in our people and social initiatives.

In 2021, we reported record results: net income of R$ 1.3 billion, 154.5% more than 2020, Ebitda of R$ 4.2 billion (+80.6% p/a) and Net Service Revenue of R$11.0 billion (+ 58.4% p/a). We reduced our leverage to 3.4x compared with 3.5x in 2020, despite ramping up net investment in assets, which increased threefold on the previous year, totaling R$8.8 billion in 2021.

At the end of the year, S&P upgraded our credit outlook to “positive” (BB- global and brAA+ national) and we entered the 2022 Corporate Sustainability Index (ISE).

2022 will bring many challenges, but thanks to the pillars we have been erecting in recent years and the quality of our planning, we will continue reaping robust rewards from our endeavors and creating value for our shareholders.

We are grateful for the efforts of our People and the trust of our Shareholders, Suppliers, Financial Institutions, Investors and above all the partnership with our Clients, to whom we extend our sincerest thanks for the achievements in 2021.