AMBP3: quote, dividends and indicators for Ambipar

Ambipar Participações e Empreendimentos S.A. is a Brazilian holding company in the environmental services sector, created in 2010 to consolidate the operations of Grupo Ambipar, founded in 1995 by Tércio Borlenghi Junior. The group’s origins trace back to the operation of two small waste treatment centers in the state of São Paulo, focused on waste recovery and on research and development of alternative solutions for different types of industrial by-products. Starting in 1996, the group also began operating in waste logistics, including transportation, total management, and recovery within large companies, initiating nationwide expansion in the segment that would come to be known as Ambipar Environment. In 2008, the creation of the Ambipar Response segment, dedicated to environmental emergencies and crisis management, marked operations in two complementary pillars. The corporate reorganization with the establishment of the holding company and the rebranding in 2010 unified the Ambipar brand and made it possible to capture operational synergies between Environment and Response, combining organic growth with acquisitions in Brazil and abroad, initially in Chile and Peru.

Ambipar’s shares, under the ticker AMBP3, are traded on B3, in the Novo Mercado segment, following the initial public offering held on July 13, 2020. The listing made the company the first environmental management firm to enter the Brazilian stock exchange, reinforcing the governance structure associated with Novo Mercado requirements. In parallel with accessing the local capital market, Ambipar went through a strong international expansion cycle, accelerated by acquisitions and by integrating portfolios of environmental and emergency response services. In 2022, the company entered into a business combination agreement with HPX Corp., a SPAC listed in the United States, with the goal of accelerating the growth of Ambipar Response, whose shares began trading on the New York Stock Exchange (NYSE) under the symbol AMBI as of March 2023. The corporate structure thus came to house a global environmental services platform operating in dozens of countries and hundreds of operational bases distributed internationally.

Ambipar’s business model is based on two main operating segments, Environment and Response, in addition to a front classified as “Others,” linked to technology projects, environmental innovation, and financial solutions for the group’s ecosystem. In the Environment segment, the company operates across the entire environmental services chain, from planning and management to waste recovery and execution of circular economy projects. The focus is on turning industrial and post-consumer waste into reusable inputs through recycling, co-processing, reverse manufacturing, water and effluent treatment, as well as digital traceability solutions. The Response segment, in turn, is dedicated to prevention, management, and response to emergencies involving hazardous or non-hazardous products in all transportation modes, in addition to industrial cleaning, maintenance, environmental remediation, and crisis management services. Both segments operate under medium-term contracts, typically five years in Environment and three years in Response, with a strong component of recurring services.

Within Environment, the company structures its activities into four business units: Circular Economy, Decarbonization, Compliance, Software and Consulting, and Logistics. In Circular Economy, Ambipar manages waste with the goal of reducing, reusing, and recycling, aiming for so-called “zero landfill,” that is, minimizing or eliminating the sending of waste for final disposal in ecoparks. The company develops customized projects through stages that range from inventory and classification of waste at the industrial plant to packaging, temporary storage, segregation, recovery, and digital traceability. Examples of solutions created from research, development and innovation include Ecosolo, an organic fertilizer derived from waste composting, and Ecobase, a cementitious product for use in paving, both registered and patented. The Decarbonization unit, in turn, originates and sells carbon credits in the voluntary market, obtained from waste processing and recycling, substitution of the energy matrix in co-processing, and Nature-Based Solutions projects such as REDD+ initiatives, reforestation, sustainable livestock management, and legal reserve compensation on rural properties.

The Compliance, Software and Consulting unit offers consulting, auditing, and compliance services in environmental, social, and governance topics, as well as software for managing ESG indicators, health, safety, and environment. This front has more than one thousand active monthly contracts, with recurring revenue and high retention, operating in several industrial sectors. From 2024 onward, the portfolio was expanded to include consulting in corporate governance, with an impact on the contracts’ average ticket. The Logistics unit connects supply chains of hazardous materials in Latin America through transportation, warehousing, handling, and disposal, with a focus on safety and regulatory compliance. The “sustainable corridor” operation, in which the fleet uses renewable energy sources, seeks to reduce greenhouse gas emissions in the transport of waste and hazardous products. Together, these units aim to provide an integrated solution, with intensive use of proprietary technology and digitalization, including real-time traceability and comprehensive reporting on waste flows.

In the Response segment, Ambipar handles environmental emergencies on highways, railways, ports, terminals, airports, pipelines, industries, mining operations, and in natural disaster situations. The company operates an Emergency Control and Management Center (CECOE) and more than 400 dedicated or shared bases, strategically located in regions of Latin America, North America, Europe, Africa, and Antarctica. The service can be contracted on a subscription basis, with monthly payments to keep teams on 24/7 standby, or on a spot basis, triggered case by case under different commercial conditions. The service flow involves standardized procedures, contract verification, mobilization of the nearest base, scenario analysis, possible reinforcement of resources, photographic documentation, preparation of technical reports, and billing. In addition to emergency response, the Field Services, Maintenance and Routine Emergency unit performs industrial cleanups, maintenance during scheduled shutdowns, soil decontamination, inspections of critical facilities, and other recurring activities for industrial clients in various segments.

Ambipar’s client base is diversified and spread across sectors such as chemicals, agriculture, pulp and paper, mining, oil and gas, logistics, energy, steel and metallurgy, cement, pharmaceuticals, cosmetics, food and beverages. The company serves local businesses, large global corporations, and multinationals, both in industrial environments and across logistics chains, and it does not have a significant revenue concentration in any single client. Geographically, it operates in 41 countries, with more than 600 operational bases in 23 countries, with Brazil, Latin America (excluding Brazil), Europe, and North America as its main markets. Internationalization combined with acquisitions has expanded its service portfolio and reach for rapid response to incidents and large-scale waste management, reinforcing the group’s global profile.

Ambipar is subject to extensive environmental, health, and transportation regulation both in Brazil and in the other countries where it operates. In the Brazilian market, solid waste management is guided by the National Solid Waste Policy (Law 12,305/2010), by ABNT technical standards such as NBR 10.004, 12.235 and 13.221, and by CONAMA resolutions addressing industrial, healthcare and construction waste and classification for selective collection. The transport of hazardous products follows specific regulation by the National Land Transport Agency (ANTT) and requires strict safety, labeling, documentation, and team training procedures. The company must also observe IBAMA rules regarding inventories, registration of hazardous waste operators, and the Brazilian waste list. Compliance with these rules directly influences the design of operational processes, licensing requirements, and the management of risks associated with the company’s activities.

In terms of environmental, social, and governance practices, Ambipar has been part of B3’s Corporate Sustainability Index (ISE) since 2021, ranking among the best-rated companies in the 2023/2024 portfolio. The company was also the first to join the UN Global Compact’s Ambition 2030 movement in Brazil, committed to goals related to Sustainable Development Goals considered priorities in the country. Its work in circular economy, decarbonization, forest conservation projects, and the use of digital traceability technologies contributes to generating carbon credits and offering climate transition and ESG solutions to corporate clients. Its track record of recognition includes innovation and sustainability awards granted by industry bodies and business associations, especially related to waste recovery technologies and green economy solutions. AMBP3 shares on B3 thus represent ownership in a company that combines environmental services, waste management, emergency response, and climate solutions across multiple geographies, operating in a complex regulatory environment with a strong governance and sustainability component.