ATMA Participações S A : 4Q20 Earnings Release

2020 RESULTS

4th Quarter

PRESS RELEASE 4Q20

4Q20 HIGHLIGHTS

Strong operating performance of the Company with significant revenue growth, especially in customers in the most dynamic sectors of the economy

•  Gross revenue of R$ 302 million in 4Q20, +65% YoY and +16% QoQ

•  Growth of +25% QoQ in customers from the digital sector (delivery apps, games, e-commerce, fintechs, and digital bank)

•  Increase of +3.9% QoQ in the Company's operational productivity

Consolidation of the adoption of new technologies and innovation

•  We unified digital transformation initiatives at Solvian, our company dedicated to innovation and technology

•  We have intensified the leverage of Solvian's IoT, AI and data analytics solutions with our other business units

•  We chose Google Cloud as our strategic technology partner with the goal of multiplying and catalyzing our digital transformation process, through a long-term commitment

ESG, focus on inclusion and diversity are the basis of our strength and values

•  Our Company is built within a wide range of diversity including employees from different ethnicity, race, gender and gender identity, physical condition, sexual orientation, education and background.

•  We operate in all 27 Brazilian states, promoting social inclusion and access to formal income, 21% of our workforce are in their first job

•  Promotion of the Environmental Management Program certified by ISO 14001

Operational and financial efficiency, as a result of the process initiated with the creation of ATMA in January 2020

•  Capture of efficiency and synergies from the restructuring process started in 2020

•  Drop in operating costs -41%YoY, from 146% of net revenue in 4Q19 to 86% in 4Q20

•  Infrastructure costs adequacy -77.4%YoY from R$ 93 million in 4Q19 to R$ 21 million 4Q20

•  Recurring EBITDA of R$ 34 million in 4Q20 (+15%QoQ), with 13% margin, versus a negative EBITDA of R$ 30

  million in 4Q19

•  In 2020, recurring EBITDA totaled R$ 63 million, compared to a negative EBITDA of R$ 132 million in 2019

Results of liability management and adequacy

•  Conclusion of the financial debt reestructuring of R$ 1,271 million. Issue of new debentures, of which R$ 125 million maturing between 2022 and 2025, and R$ 1,130 million with single payment of principal and interest in 2038, with the possibility of conversion of debt into equity

•  15.9% of the reestructured debt was already converted into equity in the first conversion period (Dec/20)

•  We continue with the reduction in the number of lawsuits, - 25% YoY e -8% QoQ

São Paulo, March 9, 2021: ATMA Participações S.A. (B3: ATMP3) announces today its results for the fourth quarter of 2020 (4Q20). The financial information in this report was prepared in accordance with the International Financial Reporting Standards ("IFRS") and the accounting practices adopted in Brazil, including the Brazilian Corporate Law and the pronouncements, guidelines and interpretations issued by the Accounting Pronouncements Committee ("CPC") and approved by the Brazilian Securities and Exchange Commission ("CVM"), applicable to the Company's operations.

In the Attachments are presented the Consolidated Financial Statements for the period.

General Information

n.m.: not measurable

Recurring EBITDA Margin

In R$ million, %

___________________________

* annualized quarterly

Message from Management

A year of great transformation and achievements, that is our description for 2020. We carried out the integration and restructuring process resulting from the operations of LIQ and ETS under ATMA while absorbing all the impacts and challenges of COVID-19 pandemic.

Despite the challenges, we closed 4Q20 with revenue 65% higher than in 4Q19. Recurring EBITDA of R$ 34 million in 4Q20 versus a negative result of R$ 30 million in 4Q19. We reduced the revenue concentration in the largest customer from 37% in 4Q19 to 23% in 4Q20. We concluded the restructuring process of the R$ 1,271 million of financial debt, and ended 2020 with an increase of R$ 333 million in the Company's equity.

With regard to COVID-19 pandemic, the Company maintained and continues with a daily monitoring of its operations, adopting all the measures and protocols necessary to preserve the integrity and health of its employees and reinforces its commitment to support Brazilian society through its essential activities, making sure that this challenging moment will be overcome.

With Federal Decree No. 10,282, of March 20, 2020 and understandings of the State and Municipal spheres, our main operations (CRM and Maintenance) were considered essential services. Thus, the Company had the necessary stability so that the main part of its activities was maintained, continuing and intensifying services and operational support to customers. The process of gradual recovery of revenue took place from May and June 2020. In 2020, the Company recorded gross revenue of R$ 1.1 billion, 12% above the revenue recorded in 2019 (R$ 958 million). This result was a response to the improvement in the Company's operational efficiency, generated by actions focused on recovering revenue and controlling expenses.

In the Maintenance segment, we had impacts from measures related to the COVID-19 pandemic, mainly due to the reprogramming of services and the postponement of the implementation of contracts in the initial phase. With the resumption of contract operation in the 2nd semester, gross revenue from this service was R$ 363 million. In Maintenance, it is worth noting that the Company continues to consolidate itself in the energy, infrastructure and industrial markets.

In the CRM segment, the Company was efficient in using idle capacity for an additional demand for services, which enabled an increase in revenue without the need for investments in structure. Confirming this upward trend, driven by the Telecom and Financial sector, we ended the year with R$ 562 million in revenue. We also highlight the resumption in the diversification of the customer portfolio, which is important for the stabilization of the segment unit's revenue.

Gross Revenue by Segment In R$ million