Localiza Rent a Car S A : Dados Econômico-Financeiros

DocuSign Envelope ID: E8962FF3-097F-40B9-8185-E986EC2C57B3

DocuSign Envelope ID: E8962FF3-097F-40B9-8185-E986EC2C57B3

(A free translation of the original in Portuguese)

Localiza Rent a Car S.A.

Quarterly Information (ITR) at March 31, 2024

and report on review of quarterly information

DocuSign Envelope ID: E8962FF3-097F-40B9-8185-E986EC2C57B3

(A free translation of the original in Portuguese)

Report on review of quarterly information

To the Board of Directors and Shareholders

Localiza Rent a Car S.A.

Introduction

We have reviewed the accompanying parent company and consolidated interim accounting information of Localiza Rent a Car S.A. ("Company"), included in the Quarterly Information Form (ITR) for the quarter ended March 31, 2024, comprising the balance sheet at that date and the statements of income, comprehensive income, changes in equity and cash flows for the quarter then ended, and explanatory notes.

Management is responsible for the preparation of the parent company and consolidated interim accounting information in accordance with the accounting standard CPC 21, Interim Financial Reporting, of the Brazilian Accounting Pronouncements Committee (CPC) and International Accounting Standard (IAS) 34, Interim Financial Reporting issued by the International Accounting Standards Board (IASB), as well as the presentation of this information in accordance with the standards issued by the Brazilian Securities Commission (CVM), applicable to the preparation of the Quarterly Information (ITR). Our responsibility is to express a conclusion on this interim accounting information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and International Standards on Reviews of Interim Financial Information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Brazilian and International Standards on Auditing and consequently did not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on the interim information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying parent company and consolidated interim accounting information included in the quarterly information referred to above has not been prepared, in all material respects, in accordance with CPC 21 and IAS 34 applicable to the preparation of the Quarterly Information, and presented in accordance with the standards issued by the CVM.

2

PricewaterhouseCoopers Auditores Independentes Ltda., Rua dos Inconfidentes, 911, 17oe 18o, Soinco Business Center, Belo Horizonte, MG, Brasil, 30140-128

T: 4004-8000, www.pwc.com.br

DocuSign Envelope ID: E8962FF3-097F-40B9-8185-E986EC2C57B3

Localiza Rent a Car S.A.

Other matters

Statements of value added

The quarterly information referred to above includes the parent company and consolidated statements of value added for the quarter ended March 31, 2024. These statements are the responsibility of the Company's management and are presented as supplementary information under IAS 34. These statements have been subjected to review procedures performed together with the review of the quarterly information for the purpose of concluding whether they are reconciled with the interim accounting information and accounting records, as applicable, and if their form and content are in accordance with the criteria defined in the accounting standard CPC 09 - "Statement of Value Added". Based on our review, nothing has come to our attention that causes us to believe that these statements of value added have not been properly prepared, in all material respects, in accordance with the criteria established in this accounting standard, and consistent with the parent company and consolidated interim accounting information taken as a whole.

Belo Horizonte, May 9, 2024

PricewaterhouseCoopers

Auditores Independentes Ltda.

CRC 2SP000160/F-5

Guilherme Campos e Silva

Contador CRC 1SP218254/O-1

DocuSign Envelope ID: E8962FF3-097F-40B9-8185-E986EC2C57B3(A free translation of the original in Portuguese)

ITR - Interim Financial Information - 03/31/2024 - Localiza Rent a Car S.A.

Version: 2

Contents

Company Information

Capital Structure	1
Individual Interim Financial Information
Balance Sheet - Assets	2
Balance Sheet - Liabilities	2
Statement of Income	4
Statement of Comprehensive Income	5
Statement of Cash Flow (Indirect Method)	6
Statement of Changes in Equity
01/01/2024 to 03/31/2024	8
01/01/2023 to 03/31/2023	9
Statement of Value Added	10
Consolidated Interim Financial Information
Balance Sheet - Assets	11
Balance Sheet - Liabilities	12
Statement of Income	13
Statement of Comprehensive Income	14
Statement of Cash Flow (Indirect Method)	15
Statement of Changes in Equity
01/01/2024 to 03/31/2024	17
01/01/2023 to 03/31/2023	18
Statement of Value Added	19
Comments on the Performance of Business Projections	20
Other Information Deemed Relevant by the Company	21
Opinions and Representations

Management's Statement on the Financial Statements	22
Management's Statement on the Independent Auditor's Review Report	23

DocuSign Envelope ID: E8962FF3-097F-40B9-8185-E986EC2C57B3

(A free translation of the original in Portuguese)
ITR - Interim Financial Information - 03/31/2024 - Localiza Rent a Car S.A.	Version: 2
	Company Information / Capital Structure
	Number of Shares	Current Quarter
	(Units)	03/31/2024
	Paid-In Capital
	Common Shares	1,071,889,858
	Preferred Shares	0
	Total	1,071,889,858
	Treasury Shares
	Common Shares	10,498,869
	Preferred Shares	0
	Total	10,498,869

DocuSign Envelope ID: E8962FF3-097F-40B9-8185-E986EC2C57B3

(A free translation of the original in Portuguese)

ITR - Interim Financial Information - 03/31/2024 - Localiza Rent a Car S.A.

Version: 2

Individual Financial Statements / Balance Sheet - Assets

(in BRL thousand)

Code	Description	Current Quarter	Prior Year
		03/31/2024	12/31/2023
1	Total Assets	65,038,593	63,863,969
1.01	Current Assets	11,920,467	12,357,968
1.01.01	Cash and Cash Equivalents	828,286	1,107,076
1.01.02	Financial Assets	6,548,183	6,798,407
1.01.02.01	Financial Assets at fair value through profit or loss	3,374,041	5,508,993
1.01.02.03	Financial Investments at Amortized Cost	3,174,142	1,289,414
1.01.03	Trade Receivables	2,113,091	2,173,840
1.01.03.01	Clients	2,113,091	2,173,840
1.01.06	Recoverable Taxes	219,307	191,080
1.01.08	Other Current Assets	2,211,600	2,087,565
1.01.08.01	Non-Current Assets Available for Sale	1,271,514	1,423,307
1.01.08.01.01	Cars decommissioned for fleet renewal	1,271,514	1,423,307
1.01.08.03	Other	940,086	664,258
1.01.08.03.01	Dividends receivable	333,883	333,883
1.01.08.03.02	Derivative financial instruments	30,136	0
1.01.08.03.03	Other	576,067	330,375
1.02	Non-current Assets	53,118,126	51,506,001
1.02.01	Long-term Assets	1,595,416	1,407,412
1.02.01.01	Financial Assets at fair value through profit or loss	1,930	1,274
1.02.01.03	Financial Investments at Amortized Cost	876,008	845,038
1.02.01.03.01	Linked Bank Certificates of Deposit	1,188,324	1,179,326
1.02.01.03.03	(-) Present Value Adjustment	-312,316	-334,288
1.02.01.07	Deferred taxes	14,598	0
1.02.01.07.01	Deferred Income Tax and Social Contribution	14,598	0
1.02.01.10	Other Non-current Assets	702,880	561,100
1.02.01.10.03	Escrow deposits	127,606	125,917
1.02.01.10.04	Derivative financial instruments	312,345	142,751
1.02.01.10.05	Recoverable taxes	260,957	289,833
1.02.01.10.07	Other Non-current Assets	1,972	2,599
1.02.02	Investments	28,019,775	25,067,975
1.02.02.01	Equity Investments	28,019,775	25,067,975
1.02.02.01.02	Investments in Subsidiaries	28,019,775	25,067,975
1.02.03	Property and Equipment	23,350,789	24,890,683
1.02.03.01	Property and Equipment in Use	22,073,957	23,634,399
1.02.03.02	Leased Right-of-use	1,276,832	1,256,284
1.02.04	Intangible assets	152,146	139,931
1.02.04.01	Intangible Assets	152,146	139,931

DocuSign Envelope ID: E8962FF3-097F-40B9-8185-E986EC2C57B3

(A free translation of the original in Portuguese)

ITR - Interim Financial Information - 03/31/2024 - Localiza Rent a Car S.A.

Version: 2

Individual Financial Statements / Balance Sheet - Liabilities

(in BRL thousand)

Code	Description	Current Quarter	Prior Year
		03/31/2024	12/31/2023
2	Total Liabilities	65,038,593	63,863,969
2.01	Current liabilities	11,124,385	13,666,233
2.01.01	Payroll and Related Taxes	383,612	315,951
2.01.02	Suppliers	3,540,813	5,896,508
2.01.03	Taxes Payable	0	7,759
2.01.03.01	Federal Taxes Payable	0	7,759
2.01.03.01.01	Income Tax and Social Contribution Payable	0	7,759
2.01.04	Loans and financing	5,922,097	5,968,789
2.01.04.01	Loans and financing	2,239,269	3,085,796
2.01.04.02	Debentures	3,682,828	2,882,993
2.01.05	Other Payables	1,277,863	1,477,226
2.01.05.02	Other	1,277,863	1,477,226
2.01.05.02.01	Dividends and Interest on Capital Payable	346,204	357,380
2.01.05.02.05	Derivative financial instruments	145,998	207,347
2.01.05.02.06	Lease liability	238,082	240,228
2.01.05.02.07	Other current liabilities	547,579	672,271
2.02	Non-current Liabilities	27,913,257	24,808,854
2.02.01	Loans and financing	26,491,103	23,283,617
2.02.01.01	Loans and financing	3,786,753	3,650,282
2.02.01.02	Debentures	22,704,350	19,633,335
2.02.02	Other Payables	1,284,275	1,323,653
2.02.02.02	Other	1,284,275	1,323,653
2.02.02.02.04	Lease liability	1,199,545	1,165,337
2.02.02.02.05	Derivative financial instruments	2,102	75,865
2.02.02.02.06	Other non-current liabilities	82,628	82,451
2.02.03	Deferred taxes	0	59,953
2.02.03.01	Deferred Income Tax and Social Contribution	0	59,953
2.02.04	Provisions	137,879	141,631
2.02.04.01	Provision for Tax, Social Security, Labor and Civil Risks	137,879	141,631
2.03	Shareholders' equity	26,000,951	25,388,882
2.03.01	Paid-In Capital	17,430,177	17,258,095
2.03.01.01	Capital	17,548,981	17,376,899
2.03.01.02	Expenses on the issuance of shares, net of tax effects	-118,804	-118,804
2.03.02	Capital reserves	3,717,519	3,697,955
2.03.02.05	Treasury shares	-445,903	-447,225
2.03.02.07	Capital reserve	4,163,422	4,145,180
2.03.04	Earnings Reserves	4,756,830	4,756,830
2.03.04.01	Legal Reserve	557,650	557,650
2.03.04.02	Statutory Reserve	4,199,180	4,199,180
2.03.05	Retained Earnings (Accumulated Deficit)	326,723	0
2.03.08	Other Comprehensive Income	-230,298	-323,998

DocuSign Envelope ID: E8962FF3-097F-40B9-8185-E986EC2C57B3

(A free translation of the original in Portuguese)

ITR - Interim Financial Information - 03/31/2024 - Localiza Rent a Car S.A.

Version: 2

Individual Financial Statements / Statement of Income

(in BRL thousand)

Code	Description	Accumulated for the	Accumulated for the
		Current Year	Prior Year
		01/01/2024 to 03/31/2024	01/01/2023 to 03/31/2023
3.01	Revenue from Sales and/or Services	4,919,188	4,303,099
3.02	Cost of Sales and/or Services	-3,685,481	-3,317,596
3.03	Gross Profit	1,233,707	985,503
3.04	Operating income (expenses)	130,144	-57,750
3.04.01	Selling Expenses	-325,947	-267,829
3.04.02	General and Administrative Expenses	-90,752	-99,463
3.04.06	Equity in the Earnings of Subsidiaries	546,843	309,542
3.05	Profit Before Finance Income and Taxes	1,363,851	927,753
3.06	Financial Income	-735,770	-557,899
3.06.01	Financial Income	220,488	121,321
3.06.02	Financial Expenses	-956,258	-679,220
3.07	Net Income Before Income Taxes	628,081	369,854
3.08	Income Tax and Social Contribution on Profit	105,735	152,952
3.08.01	Current	1,132	-137,353
3.08.02	Deferred	104,603	290,305
3.09	Net Income from Continuing Operations	733,816	522,806
3.11	Net Income/Loss for the Period	733,816	522,806

DocuSign Envelope ID: E8962FF3-097F-40B9-8185-E986EC2C57B3

(A free translation of the original in Portuguese)

ITR - Interim Financial Information - 03/31/2024 - Localiza Rent a Car S.A.

Version: 2

Individual Financial Statements / Statement of Comprehensive Income

(in BRL thousand)

Code	Description	Accumulated for the	Accumulated for the
		Current Year	Prior Year
		01/01/2024 to 03/31/2024	01/01/2023 to 03/31/2023
4.01	Net Income for the Period	733,816	522,806
4.02	Other Comprehensive Income	93,700	-74,206
4.02.01	Gain (loss) from changes in the credit risk of financial	88,386	-10,661
	instruments
4.02.02	Taxes on gain (loss) from changes in the credit risk of	-30,052	3,624
	financial instruments
4.02.05	Share in the comprehensive income of subsidiaries	35,366	-67,169
4.03	Comprehensive Income for the period	827,516	448,600