AMOB3 Automob

Automob Participações S.A. is a company within the SIMPAR Group that concentrates the group’s light and heavy vehicle, machinery, and equipment dealership operations. Originally incorporated in November 2019 under the name Vamos Comércio de Máquinas Linha Amarela S.A., the company was created with the purpose of organizing and consolidating, through subsidiaries, the activities of selling and reselling trucks, tractors, machinery, and equipment. The change in scope and scale took place following the corporate reorganization involving Vamos Locação de Caminhões, Máquinas e Equipamentos S.A. and Automob S.A., culminating in the combination of the group’s dealership businesses. On November 27, 2024, the company obtained a category “A” publicly held company registration with the CVM and its shares, under ticker AMOB3, began trading on B3 S.A. – Brasil, Bolsa, Balcão.

The transaction that consolidated Automob’s current profile was completed on December 31, 2024, with the merger of the former Automob S.A. into the holding company, unifying businesses previously focused on heavy vehicles with the light vehicle platform. The result was the formation of one of the largest dealership groups in Brazil in terms of physical network, covering light vehicles, trucks, buses, agricultural machines, and construction equipment. At the end of 2024, the company had a diversified network of 192 stores, comprising 132 light vehicle dealerships and 60 heavy vehicle dealerships, spread across different states. This corporate structure allowed for scale gains, standardized management, and strengthened relationships with multiple global automakers, while maintaining the independence of brands and dealership flags.

Automob’s business model is based on operating as a large multi-brand dealership group, with significant presence in both the light and heavy vehicle segments. The company and its subsidiaries sell new and pre-owned vehicles, passenger cars, light commercial vehicles, and motorcycles, as well as trucks, tractors, agricultural machinery, and construction equipment. Revenue comes from vehicle sales, resale of pre-owned vehicles, sale of parts and accessories, and the provision of after-sales services such as mechanical work, bodywork, painting, maintenance, and repairs. In 2024, the light vehicle segment accounted for 77.2% of consolidated net revenue, while the heavy segment represented 22.8%, highlighting the economic predominance of light-vehicle operations within the portfolio. AMOB3 shares reflect this integrated automotive and equipment retail profile through an operational holding company of dealerships traded on the Brazilian stock exchange.

In the light vehicle business, Automob operates through several networks and flags, including Original Veículos, AR Motors, T-Drive, Euro Import, Autostar, Green Veículos, Alta, Best Points (H-Point, R-Point and Sonervig groups), Quality, and SeuCarro.com. In December 2024, the company operated 132 light-vehicle dealerships, representing 27 brands, including volume automakers, premium and luxury brands, and motorcycle manufacturers. Original São Paulo is one of the largest Volkswagen networks in the country, with 30 dealerships that also include BYD, Citroën, Fiat, GWM, Jeep, Peugeot, and RAM stores, as well as pre-owned operations, all located in the state of São Paulo. Original Maranhão, UAB Motors, Autostar, Grupo Green, Nova Quality, Alta, and Best Point complement the platform with brands such as BMW, MINI, Volvo, Jaguar, Land Rover, Honda, Toyota, General Motors, Renault, Kia, Yamaha, Harley-Davidson, Triumph, KTM, Ford, among others, distributed across São Paulo, Paraná, Santa Catarina, and Maranhão. SeuCarro.com, in turn, specializes in the resale of pre-owned vehicles with 13 dedicated stores.

Automob’s heavy vehicle segment is composed of dealerships for trucks, buses, agricultural machinery, and construction and handling equipment, operated by subsidiaries such as Transrio, Tietê Veículos, Vamos Comércio de Máquinas Agrícolas, Vamos Máquinas e Equipamentos, DHL Distribuidora de Peças e Serviços, and HM Comércio e Manutenção de Empilhadeiras. As of December 2024, there were 60 heavy-vehicle stores representing five main brands: Komatsu, Valtra, HM, Fendt, and Volkswagen. The Transrio and Tietê networks concentrate the Volkswagen/MAN truck and bus operation, covering 20 stores in states such as Rio Grande do Sul, São Paulo, Rio de Janeiro, Tocantins, Mato Grosso, and Sergipe, focused on sales of new and pre-owned vehicles, parts, and maintenance services. The Agromob vertical, with 34 Valtra and Fendt stores in Minas Gerais, Goiás, Mato Grosso, Mato Grosso do Sul, and Paraná, targets tractors and agricultural machinery. Meanwhile, Komatsu and HM dealerships, combined in the Vamos Máquinas e Equipamentos operation, serve the heavy machinery market in Midwestern states, while the Bomag brand was added to the compaction equipment portfolio in 2024.

From an operational standpoint, Automob structures its businesses into two segments: heavy-vehicle dealerships and light-vehicle dealerships. In light-vehicle stores, the company sells new and used vehicles, motorcycles, and electric vehicles, and offers parts, accessories, workshop services, bodywork and painting, armored-vehicle services, and intermediation of financing and insurance. In the heavy segment, dealerships sell new and pre-owned trucks, machinery, and equipment, as well as parts and accessories, in addition to specialized maintenance services. In both fronts, the operation is working-capital and inventory-intensive, requiring careful selection of the vehicle mix and the use of technology to optimize inventory turnover, pricing, productivity indicators, and monetization of complementary services such as financing, insurance, consortia, and after-sales. Indicators such as sales per salesperson, sales per store, days of inventory, customer retention in workshops, and average ticket for complementary products are monitored to measure performance by unit.

Relationships with automakers are structured through commercial dealership agreements that govern brand exclusivity in certain territories, service standards, sales volumes and targets, technical support, training, and commercial terms. Automakers are generally responsible for institutional marketing and provide operational and financial support, including subsidized credit lines and bonuses, while Automob maintains minimum vehicle and parts inventories and operates the sales and service network. These agreements are essential for business development, as they allow the use of manufacturers’ brands, sale of products, and provision of authorized technical assistance. The company complements this structure with automotive repair centers and an armored-vehicle unit, broadening the range of services for the same customer base and reinforcing recurring after-sales revenue.

Automob’s revenue is fully concentrated in the Brazilian market, with no revenue generated abroad through 2024, and it has a diversified customer base, with no single buyer accounting for more than 10% of net revenue. Operations are subject to municipal, state, and federal laws and regulations, requiring operating permits, safety reports, fire department inspection certificates, environmental licenses, and other documentation for the operation of each unit. The company states that it maintains the process of obtaining and renewing these authorizations for all dealerships, under penalty of sanctions such as fines, shutdowns, or license cancellations in case of non-compliance. On environmental and social matters, operations are subject to legislation on environmental protection, waste management, emissions, and rules related to human rights and responsibility for direct and indirect impacts along the value chain.

In terms of environmental, social, and governance practices, Automob’s information is reported in the parent company SIMPAR’s Integrated Annual Report, prepared in accordance with international guidelines such as GRI, SASB, Integrated Reporting, and TCFD and assured by an independent auditor. The report is based on a materiality matrix that includes topics such as financial balance and expansion, people development and human rights, governance and transparency, customer relations, climate strategy and environmental management, health and safety, innovation, and impact on communities and the value chain. SIMPAR prepares and publishes a greenhouse gas emissions inventory based on the GHG Protocol, maintaining a Gold seal for transparency in the Public Emissions Registry since 2019. Automob, as a subsidiary, is included in this reporting system, which impacts the management of climate, environmental, social, and governance risks in running the automotive dealership businesses reflected in AMOB3 shares listed on B3.