ULTRAPAR HOLDINGS Business Summary

Ultrapar Holdings Inc. (UGP) operates as a leading Brazilian conglomerate generating revenue through transactional sales of energy products and specialized logistics fees across four primary business segments: Ipiranga, Ultragaz, Ultracargo, and Hidrovias do Brasil. Ipiranga, the company's largest revenue driver, manages an extensive network of over 6,000 service stations and convenience stores, while Ultragaz leads the domestic liquefied petroleum gas (LPG) market. Ultracargo provides critical bulk liquid storage infrastructure at major Brazilian ports, and the recently consolidated Hidrovias do Brasil segment offers integrated river and maritime logistics. Within the competitive landscape, Ultrapar contends with major rivals such as Vibra Energia S.A., Raízen, and Copa Energia; it maintains a dominant market position as Brazil’s second-largest fuel distributor and the leading independent player in both LPG distribution and bulk liquid storage. Founded in 1937 by Ernesto Igel, the company is currently led by Chief Executive Officer Rodrigo de Almeida Pizzinatto, a veteran executive who previously served as CEO of the Ultragaz and Ipiranga subsidiaries before his appointment to the group-level role in April 2025. He is supported by Chief Financial and Investor Relations Officer Alexandre Mendes Palhares, formerly the Director of Corporate Planning, and Executive Chairman Marcos Marinho Lutz, whose pedigree includes a decade-long tenure as CEO of Cosan and previous leadership of Ultrapar. The company’s governance is overseen by a board featuring representatives from major shareholders Ultra S.A. Participações and Parth do Brasil, with significant institutional backing from Squadra Investimentos, BlackRock, and the Canada Pension Plan Investment Board (CPPIB).