SHUL3

Schulz S.A. is a publicly traded corporation, with SHUL3 and SHUL4 shares listed on B3, founded on June 12, 1963 in Joinville (SC) by Heinz Schulz and a group of partners. The company started with a focus on the metallurgical industry and, over the decades, developed a diversified portfolio of industrial products and solutions. Its production structure was gradually expanded to include casting, machining, painting, and assembly, keeping pace with the evolution of the Brazilian industrial base and the growing demand for capital goods and automotive components. With more than 3,500 employees, it has consolidated itself as a global player, exporting to dozens of countries and combining high‑complexity manufacturing with commercial activities and associated technical services.

Schulz’s business model is organized into two major units: Schulz Compressores and Schulz Automotiva. The former concentrates the manufacture and sale of piston and screw air compressors, pneumatic and electric tools, pumps, pressure washers and related equipment, as well as spare parts and imported resale products that complement its own line. The second unit, Schulz Automotiva, operates as one of the largest foundries in the country, supplying ductile and gray iron parts, machined, painted and assembled, to manufacturers of commercial vehicles, road implements, agricultural machinery and construction equipment. In terms of reported operating segments, the company discloses Industry and Commerce activities, with net revenue predominantly in Industry, which accounted for around 86% of revenue in 2024, while Commerce represented approximately 14%.

In the Schulz Compressores unit, the company stands out as the largest manufacturer of piston and screw air compressors in Latin America, with a broad line of rotary and reciprocating compressors, diaphragm hobby models, refrigerated air dryers and a range of pneumatic and electric tools. The portfolio also includes pressure washers, centrifugal pumps, cutting and fastening equipment, and various replacement items. Production is vertically integrated in key stages, such as manufacture of pressure vessels, automatic powder and liquid electrostatic painting, and final assembly of equipment. Schulz has also developed manufacturing capacity for its own electric motors for some compressor and pump models, seeking to reduce dependence on external suppliers for critical items. Its distribution network for compressors and tools exceeds 10,000 distributors and includes more than 700 technical service providers, supported by physical and digital channels, including B2B, B2C and the Schulz Store concept shop, which strengthens brand presence and closeness with the end user.

In the Schulz Automotiva division, the company focuses on ductile and gray iron casting, precision machining and KTL painting, with a focus on components and assemblies for the automotive and general mechanical sectors. The company supplies brackets, transmission and differential housings, engine covers and brackets, brake components, wheel hubs and other items to truck and bus manufacturers, as well as to road implement manufacturers. It also produces parts for manufacturers of agricultural and construction machinery, such as leveling gearboxes, bearings, sleeves and axle housings, placing its components in applications for freight transport, logistics, agriculture and infrastructure. Production processes use induction electric furnaces and automatic systems for metallic charge composition, seeking stable mechanical properties and repeatable quality. The division is certified under international quality and environmental standards such as ISO 9001, ISO/TS 16949 and ISO 14001, a relevant factor for serving global automakers and meeting the technical requirements of the automotive supply chain.

Geographically, Schulz maintains its main industrial base in Joinville, where it concentrates casting, machining, painting and compressor manufacturing, in addition to a unit dedicated to automotive machining and a standalone production unit for iron casting. The logistics structure includes an Automotive Logistics Center and a Compressors Logistics Center, as well as a Technology and Innovation Center. Abroad, the company operates a Compressors Logistics and Commercial Center in Atlanta, United States, and a trading company and compressor plant in Shanghai, China, in addition to bonded warehouses in North America and Europe. In 2024, about 77.6% of Schulz’s net revenue was generated in Brazil, while approximately 22.4% originated from foreign markets, mainly the United States, France, Sweden, Poland and South Africa, among other countries. The international presence allows for market diversification and reduced dependence on a single country or region.

Schulz’s customer base is diversified, with no material concentration in a single buyer. In 2024, there was no customer responsible for more than 10% of total net revenue, which reduces exposure to commercial dependence risks. In the compressors unit, products serve both retail and the industrial segment, reaching small and medium‑sized companies, large industries, construction contractors and mining companies, especially in the case of large‑size compressors, often sold as complete compressed air centers. In the automotive division, the company is part of the supply chains of commercial vehicle manufacturers, road implement manufacturers, agribusiness companies, and manufacturers of construction machinery and equipment. In the replacement segment, the line of automotive compressors for truck pneumatic brake systems is sold mainly in the independent aftermarket (IAM), based on a network of hundreds of distributors in Brazil and an incipient presence in other South American countries.

From a regulatory standpoint, Schulz’s core activity lies in sectors with free competition, with no public concession or monopoly regime, and the company reports that it does not depend on special government authorizations to operate, beyond the usual licenses applicable to industry. In its production process, the company states that it properly handles industrial waste in accordance with environmental legislation, sending heavy waste to areas designated by the public authorities and subject to oversight by the competent agencies. Schulz reports that it has never had its industrial operations halted or impaired due to environmental issues and carries out periodic monitoring of air pollutants, especially in the foundry area, with support from specialized companies. The company also maintains a portfolio of trademarks and patents registered with the National Institute of Industrial Property, covering trade names and technical solutions related to compressors, air systems and auxiliary equipment, which reinforces its positioning as a developer of proprietary technology within its industrial niche.

On environmental, social and corporate governance topics, Schulz operates an Environmental Management System certified under NBR ISO 14001 and is in the process of structuring a broader Sustainability Management System, with the goal of consolidating ESG indicators in a dedicated report starting in 2026. The company monitors indicators for water and energy consumption, waste generation, effluents, air emissions and noise, with reduction targets and eco‑efficiency programs. Initiatives include Zero Landfill projects at Schulz Compressores and part of the automotive operations, waste co‑processing, reuse of discarded foundry sand in civil works and other industrial processes, and the development of reverse logistics channels for products and packaging, in line with the National Solid Waste Policy. The company also began reporting data to CDP, received a sustainability commitment seal from Ecovadis and entered into a partnership with CNI and Procel to optimize energy consumption and reduce environmental impacts. Additionally, Schulz has joined fossil‑fuel‑free energy initiatives, with renewable energy certification and self‑generation projects, seeking to ensure, as of 2025, the full supply of clean energy for its industrial operations.

The common (SHUL3) and preferred (SHUL4) shares of Schulz S.A., traded on B3, represent ownership in a diversified industrial company with a strong presence in the manufacture of air compressors and casting and machining solutions for the automotive and machinery chains. Its operations combine heavy manufacturing, proprietary technological development, an extensive distribution network and structured environmental management initiatives, which position the company as a significant supplier of capital goods and components for various productive sectors, both in the Brazilian market and abroad.