4Q20 RESULTSMARCH 09 th, 2020

We have been the leading company in integrated road logistics in Brazil for the past 19 years with 65 years of experience and the largest

and most integrated service portfolio in the country, linked to the production process of the main industries that supply Brazil and the

world.

URBAN DISTRIBUTIONWAREHOUSE SERVICES

45% 13%3% 39%

LOGISTIC DEDICATED SERVICES ROAD CARGO TRANSPORT

▪ Services on closed circuit linked to the customer internal logistics operations

▪ High customized specialization level

▪ High degree of tehcnoly intergation na monitor

▪ More than 100,000 independent contractor and third-party drivers in our base

▪ Technology integrates our customersto the drivers and to our customersclients

▪ Last mile distribution with point ofsales supply and returnmanagement

▪ Operation of dry, cooled, and frozen cargo with online temperature control

▪ Returns and exits to/fromwarehouses managed or not by JSL or directly from the industry toretail

▪ Management of 137,000m2 of exclusive and multiclient warehouses

▪ Production line receipt, storage, sequencing and supply

2SERVICE – DIVERSIFICATION – TECHNOLOGY – QUALITY - INTEGRATION

▪ Supply of package and packagers

▪ Customers sales system linked to JSL to be delivered in less than 24h

RESILIENCEACQUISITIONSCORPORATE REORGANIZATION IPO

100% IPO in the total amount of R$ 694

milhões

2020 proved our financial results resilience due to the flexible operating model and diversification of clients and

sectors

We contributed with R$ 5,4 million transporting stapple food baskets and equipment

for ICU beds during 2020 impacting 4.5 million people in

Brazil.

According to ourstrategic planning westarted to consolidate

Approved by 100% of the minority shareholders

present in the EGM, turned JSL into an logistic exclusive

company prepared to a new growth cycle

2020 HIGHLIGHTS

4Q20 RESULTS PRESENTATION | JSL

3

4Q20 RESULTS PRESENTATION | JSL

NET REVENUES

R$ 818.2 mm (+11.6% t/t and +4.5% y/y)

R$ 2.8 bi 2020C: R$ 3.3 bi

EBITDA

R$ 121.1 mm(+2.6% t/t and -0.3% y/y)

R$ 431.5 mm2020C: R$ 541.6 mm

LOGISTICS NET INCOME

R$ 36.8 mm (+45% t/t e +18% y/y)

R$ 84.8 mm 2020C: R$ 147.3 mm

4

FREE CASH FLOW

R$ 398.0 mm(BEFORE GROWTH)

The figures on this slide include Fadel and Transmoreno, respectively since 11/17/2020 and 10/30/2020.

2020C represents the combination of the figures, non audited, of 2020 full year of JSL, FADEL and Transmoreno.

FINANCIAL HIGHLIGHTS4Q20

2020

11485

147

31 25 37 43

3,7% 3.0%4.4% 4.0% 3.5% 4.5% 4.8%

-20.0%

-15.0%

-10.0%

-5.0%

0.0 %

5.0 %

-30

-10

10

30

50

70

90

110

130

150

170

2019 2020 2020C 4T19 3T20 4T20 4T20C

Logistics Net IncomeMargin

166 171 183 57 73 29 30

2,936 2,6563,163

726 661 789 873

3,1022,827

3,346

783733 818 903

2019 2020 2020C 4T19 3T20 4T20 4T20C

Sale of Assets

Services

NET REVENUE (R$ mm)

Apresentação de Resultados 4T20 | JSL

284195

287

63 64 56 68

9.7%

7.4%9.1% 8.6%

9.6%

7.1% 7.8%

-6.0%

-4.0%

-2.0%

0.0 %

2.0 %

4.0 %

6.0 %

8.0 %

10. 0%

12. 0%

0

50

100

150

200

250

300

350

400

2019 2020 2020C 4T19 3T20 4T20 4T20C

EBITMargin

EBIT (R$ mm) AND MARGIN EBIT ¹ (%)

514432

542

122 118 121 136

17.5%16.2%

17.1% 16.7%17.9%

15.3% 15.6%

0.0 %

2.0 %

4.0 %

6.0 %

8.0 %

10. 0%

12. 0%

14. 0%

16. 0%

18. 0%

20. 0%

0

100

200

300

400

500

600

700

2019 2020 2020C 4T19 3T20 4T20 4T20

EBITDAMargin

EBITDA (R$ mm) AND MARGIN EBITDA ¹ (%)

Notas: (1) Margens EBIT e EBITDA calculadas em percentual da receita líquida de serviços.

RESULTS4Q20

LOGISTICS NET INCOME (R$ mm) ANDMARGIN (%)

5

5

The figures on this slide include Fadel and Transmoreno, respectively since 11/17/2020 and 10/30/2020.

2020C and 4T20 represents the combination of the figures, non audited, of full year and Q4 of JSL, FADEL and Transmoreno

70 61 7 12

1,922 1,903 1,728

475 498

2018 2019 2020 4Q19 4Q20

NET REVENUES(R$ mm)

116 13789

35 40

6.0% 7.2%5.1%

7.3% 8.0%

-4.0%

-2.0%

0.0 %

2.0 %

4.0 %

6.0 %

8.0 %

10. 0%

0

50

100

150

200

250

2018 2019 2020 4Q19 4Q20

EBIT (R$ mm) AND EBIT MARGIN (%)

Asset Heavy

161 95 109 50 17

1,055 1,034 929

251 292

1,216 1,129 1,038

300 309

2018 2019 2020 4Q19 4Q20

Asset sales Services

NET REVENUES(R$ mm)

4Q20 RESULTSAsset Light

114 147 10728 16

10.8%14.3%

11.5% 11.2%5.6%

-10.0%

-5.0%

0.0 %

5.0 %

10. 0%

15. 0%

20. 0%

0

50

100

150

200

250

2018 2019 2020 4Q19 4Q20

EBIT (R$ mm) AND EBIT MARGIN ¹ (%)

217278 242

73 82

11.3% 14.6% 14.0% 15.4% 16.4%

-80.0%

-70.0%

-60.0%

-50.0%

-40.0%

-30.0%

-20.0%

-10.0%

0.0 %

10. 0%

0

50

100

150

200

250

300

2018 2019 2020 4Q19 4Q20

EBITDA (R$ mm) AND EBITDA MARGIN (%)

190 236 19048 39

18.0%22.8% 20.5% 19.3%

13.5%

-14.0%

-9.0%

-4.0%

1.0 %

6.0 %

11. 0%

16. 0%

21. 0%

26. 0%

0

50

100

150

200

250

300

2018 2019 2020 4Q19 4Q20

EBITDA (R$ mm) AND EBITDA MARGIN ¹ (%)

4Q20 RESULTS PRESENTATION | JSL

6Note: (1) EBIT and EBITDA Margins are based on % of net revenue from services on Asset Heavy

6

4Q20 CAPEX(R$ mm)

4Q20 CAPEX BY TYPE

(R$ mm)

2020 CAPEX BY TYPE

4Q20 RESULTS PRESENTATION | JSL

50

Net Capex

4Q19

198

Net Capex

2019

4Q19 CAPEX

2019 CAPEX

(R$ mm)

(R$ mm)

7

Growth with low investment in CAPEX due to our balanced model between Asset light and Asset heavy

4Q20 CAPITAL STRUCTURE

638

150 171 158

528425

843

Cash ST 2021 2022 2023 2024 2025

3.9%

3.5%

3.8%

3.6%

3.4%

2019 mar/20 jun/20 Sep/20 Dec/20

4Q20 RESULTS PRESENTATION | JSL

NET DEBT BREAKDOWN 4Q20 (R$ mm)

(=) Gross Debt 2,271.4

(-) Cash ( 638.4 )

(=) Net Debt 1,632.9

Cash for amortizationuntil 2023

3.0x 2.3x

Net Debt/EBITDA-A ¹

4.0 years

(R$ mm)

LONG TERM AMORTIZATION COST OF NET DEBT

CORPORATE CREDIT RATING

(1) Considered EBITDA and Net Debt 2020 UDM including FADEL and Transmoreno.

Net Debt/EBITDA ¹

Average TermNet Debt

Brazil Global

AA-(bra) BB-

brAA B+

(NET OF TAXES)

8

PEOPLE: 18,5 EMPLOYEES AND 114 MANAGERS WITH NA AVERAGE TIME WITH JSL OF 10 YEARS

M&As: ADDITION OF R$ 1,1 BILLION ON ANNUALIZED NET REVENUE, INCLUDING THE ACQUISITIONS IN 2020 AND ANNOUNCED IN 2021

BEGINNING CAPTURE OF OPERATIONAL AND COMMERCIAL SINERGIES OF FADEL AND TRANSMORENO AND OF TPC AND RODOMEU AFTER THE ANTI-TRUST BODY APPROVALS (CADE)

CAPTURE OF THE NEW CAPITAL STRUCTURE BENEFIT GIVEN THE PRE-PAYMENT OF R$ 908mm IN GROSS DEBT

SCALE ON ASSET LIGHT DUE TO THE RECAPTURE OF VOLUME AND NEW BUSINESS

NEW RELATIONSHIP MODEL WITH THIRD PARTY DRIVERS CDIGITAL ACCOUNT AND DRIVERS APP

SUSTAINABILITY: INTEGRATED REPORT TO BE PUBLISHED

FOLLOWING ACQUISITION STRATEGY ALIGNED TO OUR STRATEGIC PLANNING AND PRESERVING OUR VALUE AND CULTURE

CURRENT YEAR- 2021

4Q20 RESULTS PRESENTATION | JSL

9

THANK YOU

JSL Investor RelationsPhone: +55 (11) 2377-7178E-mail: ri@jsl.com.brSite: ri.jsl.com.br

Disclaimer

This Earnings Release aims to detail JSL S.A.’s financial and operating results in the fourth quarter of 2020.

Some of the statements contained herein constitute additional information that has not been audited orreviewed by the auditors and is based on Management’s current opinion and prognosis. Consequently,there may be material differences between said statements and the Company’s actual results, performanceand future events. Actual results, performance and events may differ substantially from those expressed orimplied by said statements as a result of various factors, including the general and economic situation inBrazil and other countries; interest, inflation and exchange rates; changes in laws and regulations; andgeneral competitive factors (at global, regional or national level). Consequently, Management accepts noresponsibility for the conformity or accuracy of the additional information in this report that has not beenaudited or reviewed by auditors. Said information should be examined and interpreted in an independentmanner by shareholders and market agents who should carry out their own analyses and reach their ownconclusions regarding the results disclosed herein.