BREAKOUT CUP WITH HANDLE AND HIGH VOLUM BUY GGB 9.79$

As you can see from this slide, in the second quarter 2020, we posted a positive free cash flow of BRL205 million, even considering the drier period of the COVID-19 pandemic. This improvement vis-a-vis Q1 2020 reflects the combination of an EBITDA 12% higher than in Q1 and the maintenance of a stringent financial discipline in terms of capex and the control of some items like delinquency and accounts payable. It's worth mentioning that in the last 12 months, the company posted positive free cash flow of around BRL four billion, reinforcing its liquidity position

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1% CAPITAL