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With 81 years of history behind it, today Ultra is one of the leading corporate groups in Brazil with a market capitalization estimated at R$30 billion

With head offices in the city and state of São Paulo, the Company has as its proposition to ensure a differentiated long-term return to its shareholders and to act responsibly in relation to the other stakeholders. Ultra operates in the distribution and specialized retail segments through the intermediary of Ipiranga, Extrafarma and Ultragaz; the manufacture of surfactants and specialty chemicals via Oxiteno; and in liquid bulk storage through Ultracargo.

At the end of 2018, Ultra employed directly more than 17 thousand in Brazil – where it has a footprint in 85% of the country’s municipalities –, in Argentina, in Uruguay, in Venezuela, Mexico, the United States, Colombia, China and Belgium, maintaining administrative, commercial or manufacturing units. It is estimated that a further 90 thousand jobs approximately are created as a result of the Group’s operations, an example being the Ipiranga and Ultragaz reseller networks.

With a listing since 1999, Ultra’s shares are traded on the stock exchanges in São Paulo – B3 S.A. – Brasil, Bolsa, Balcão – B3 (UGPA3) and New York – NYSE (UGP). In Brazil, its securities are transacted on the Novo Mercado, a segment reserved for those companies with the best corporate governance practices.

corporate organization
Empresas pertencentes ao Grupo Ultra - Ipiranga, Oxiteno, Ultragaz, Ultracargo e Extrafarma Executivos Ultra

businesses

Extrafarma

In 2018, Extrafarma reached the mark of 433 drugstores and ranking among the five largest pharmacy chains in Brazil with a payroll of more than 7 thousand. With its origins in the states of the North and the Northeast, today Extrafarma has a footprint in 13 Brazilian states.

Ipiranga

The second largest fuels and lubricants distribution network in the country, it spearheads an increasingly complete and digitized service station network in addition to am/pm units, the largest convenience store chain in Brazil.

Oxiteno

Leader in the production of surfactants and specialty chemicals in Latin America, it recently unveiled a plant in the United States, increasingly expanding its international presence. The new industrial unit is additional to six plants in Brazil, three in Mexico, one in Uruguay and one in Venezuela.

Ultracargo

The largest independent liquid bulk storage company in Brazil and operating out of the country’s principal ports. In all, there are 6 terminals, all of them installed in strategic locations in the Northeast, Southeast and South regions.

Ultragaz

Pioneer and leader in the domestic Liquefied Petroleum Gas (LPG) distribution market, the Company is a bellwether for innovation and maintains one of the most modern research and development laboratories in Latin America, continually creating solutions for use of the product.

To know more about Ultra, go to http://www.ultra.com.br/show.aspx

PRINCIPAL INDICATORS1

FINANCIAL PERFORMANCE (R$ milhões)

Ultrapar

2014

2015

2016

2017

2018

Net revenues

67,736

75,655

76,740

79,230

90,698

Adjusted EBITDA

3,158

3,953

4,161

3,981

3,069

Net income

1,251

1,513

1,541

1,523

1,132

Investments2

1,220

1,352

1,858

2,294

1,947

Declared
dividends

779

871

907

951

685

Earnings per share (R$)

2.3

2.8

2.8

2.8

2.1

Dividends per share (R$)

1.4

1.6

1.7

1.8

1.3

Ipiranga

2014

2015

2016

2017

2018

Sales volume
(000' m3)

25,614

25,725

23,507

23,458

23,680

Net revenues

58,830

65,350

65,794

66,951

76,473

Adjusted EBITDA

2,288

2,769

3,049

3,067

2,052

Investments

815

872

1,065

1,336

957

Adjusted EBITDA (R$/m3)

89

108

130

131

87

Oxiteno

2014

2015

2016

2017

2018

Sales volume
(000' t)

780

725

738

790

769

Net revenues

3,414

4,082

3,701

3,959

4,748

EBITDA

404

740

454

296

625

Investments

114

131

288

463

467

EBITDA (US$/t)

240

306

176

117

223

Ultragaz

2014

2015

2016

2017

2018

Sales volume (000' t)

1,711

1,697

1,760

1,746

1,725

Net revenues

4,091

4,621

5,365

6,071

7,043

EBITDA

306

357

435

440

258

Investments

181

220

225

215

225

EBITDA (R$/t)

179

210

242

252

150

Ultracargo

2014

2015

2016

2017

2018

Average storage
(000' m3)

715

655

672

724

757

Net revenues

346

316

355

438

494

EBITDA

167

26

171

124

178

Investments

26

24

79

86

162

Extrafarma

2014

2015

2016

2017

2018

Number of stores

223

254

315

394

433

Gross revenues

1,171

1,417

1,674

1,981

2,141

EBITDA

30

29

39

23

(47)

Investments

57

81

143

170

118

Capital markets

2014

2015

2016

2017

2018

Average daily
trading volume (R$ 000')4

88,577

136,671

132,999

131,059

138,598

Price on B3 (R$/share)

51.5

60.5

68.5

75.0

53.2

Price on NYSE (US$/ADR)

19.1

15.3

20.7

22.7

13.5

1. The financial information presented in this document has been prepared according to International Financial Reporting Standards (IFRS). EBITDA figures were prepared in accordance with ICVM 527. Ultra’s financial information corresponds to the Company’s consolidated information. The financial information for Ipiranga, Oxiteno, Ultragaz, Ultracargo and Extrafarma is presented without eliminating intercompany transactions. Except where otherwise indicated, all figures are shown in R$ million.
2. Organic investments.
3. In 2014, figures relate to the eleven months from February to December.
4. Average daily trading volume presented considers the combined trading on B3 (Brasil, Bolsa, Balcão) and NYSE.
5. Calculated based on the value per share on the last trading day of the year.
OCCUPATIONAL SAFETY – ACCIDENT RATE REQUIRING TIME OFF WORK (PER MILLION HOURS WORKED)

COMPANY

2016

2017

2018

Extrafarma

0.1

0.0

1.0

Ipiranga

4.0

3.8

1.5

Oxiteno

1.0

3.4

1.5

Ultracargo

1.8

0.0

0.0

Ultragaz

2.4

2.5

3.0

TOTAL EMPLOYEES PER COMPANY

COMPANY

2016

2017

2018

Extrafarma5,6706,6987,113
Ipiranga2,9033,0513,318
Oxiteno1,9031,9011,943
Ultracargo645751711
Ultragaz3,6103,6333,512
Centro Corporativo442450437
Ultrapar15,17316,44817,034