Glossary

EBITDA
EBITDA is a non-GAAP measure calculated by Ouro Verde and reconciled in its financial statements in compliance with the provisions of CVM Instruction 527. EBITDA is calculated as net earnings before the expenses from the depreciation of the assets in use and rental equipment, expenses from the amortization of intangible assets and expenses for income tax and social contributions. EBITDA is not recognized by GAAP in Brazil or the IFRS. It is reported because the Company uses EBITDA to measure its performance.

ADJUSTED EBITDA OF THE HEAVY AND LIGHT SEGMENTS
The Adjusted EBITDA of the Heavy and Light Segments corresponds to the EBITDA calculated from the sum of the adjusted EBITDA for the Company’s heavy machinery and equipment rental segment and the adjusted EBITDA for the light vehicle outsourcing segment. The Adjusted EBITDA of the Heavy and Light segments is calculated as: the net revenue from each of the segments, minus costs, selling expenses, administrative and general expenses and other net operating expenses, plus depreciation and amortization.

FINAME
Financing through BNDES-accredited financial institutions for the production and acquisition of new machinery and equipment made in Brazil.

FINAME/PSI
FINAME under the BNDES Investment Support Program (PSI).

LEASING
Leasing is a transaction with specific legal characteristics, in which the owner of an asset rents it to a third party, which takes possession and is able to use the asset for the length of the contract, with the option to definitively purchase it or not at the end of the contract.

ROIC
Return on Invested Capital.

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Rua João Bettega, 5700 - CIC
Curitiba - Paraná - Brazil - CEP 81350-000
Phone: +55 (41) 3239-7000
Fax: +55 (41) 3239-7077
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