Landi Renzo

Annual / Quarterly Financial Statement • Mar 31, 2021

LANDI RENZO S.P.A.

Financial Statements

Foreign non UE subsidiaries on December 31, 2020

Art. 15 Consob Regulation on Markets

(This is a translation, the Italian version prevails)

Non UE foreign subsidiaries Financial Statements on December, 31 2020 ex art. 15 Consob Regulation on Markets

1.	Introduction	pg.3
2.	LR Industria e Comercio Ltda Statement of financial position Income Statement	pg.4 pg.4 pg.5

1. Introduction

In accordance with the provisions of art. 15, paragraph 1, lett. a) of CONSOB Market Regulation (adopted by resolution no. 20249 of December 28, 2017), Landi Renzo S.p.A. provides to public by this document, the financial statements of its subsidiaries that are established and governed by the laws of non-EU countries that have been identified as relevant in terms of the criteria referred to in paragraph 2 of the same art. 15 of the Consob Market Regulations.

In particular, are reported below the statements of financial position and income statements of those companies as well as stated for the purposes of preparing the consolidated financial statements of Landi Renzo Group on December 31, 2020.

2. LR Industria e Comercio Ltda

Registered office: Avenida Paulo Miguel Bohomoletz, 175 Bairro Civit I – Municipio de Serra – Estado do Espirito Santo, CEP 02168-010 Share Capital: 4.320.000 BRL Currency: Brasilian Real Group ownership percentage: 99,99%

LR Industria e Comercio Ltda
ASSETS	31/12/2020	31/12/2019
Non-current assets
Property, plant and equipment	71,487	83,460
Total non-current assets	71,487	83,460
Current assets
Trade receivables	23,721,475	23,769,197
Inventories	7,333,909	8,714,920
Other receivables and current assets	5,560,501	4,671,571
Cash and cash equivalents	8,806,633	2,261,469
Total current assets	45,422,518	39,417,157
TOTAL ASSETS	45,494,365	39,500,617

EQUITY AND LIABILITIES	31/12/2020	31/12/2019
Net Equity
Share capital	4,320,000	4,320,000
Other reserves	2,588,158	4,814,769
Profit (loss) of the period	-7,693,486	-2,210,284
TOTAL NET EQUITY	-775,328	6,924,485
Non-current liabilities
Provisions for risks and charges	1,585,955	1,517,685
Total non-current liabilities	1,585,955	1,517,685
Current liabilities
Trade payables	42,868,324	30,656,184
Tax liabilities	285,765	203,907
Other current liabilities	1.529,649	198,356
Total current liabilities	44,683,739	31,058,447
TOTAL LIABILITIES AND EQUITY	45,494,365	39,500,617

LR Industria e Comercio Ltda
Income Statement	31/12/2020	31/12/2019
Revenues (goods and services)	12,990,080	35,758,047
Other revenue and income	40,000	46,049
Cost of raw materials, consumables and goods and change in inventories	10,597,261	32,316,850
Costs for services and use of third party assets	1,308,462	2,069,957
Personnel expenses	1,288,596	2,000,603
Accruals, impairment losses and other operating expenses	62,074	118,034
Gross Operating Profit	-226,313	-701,348
Amortization, depreciation and impairment losses	1,969	16,328
Net Operating Profit	-228,282	-717,676
Financial income	707,573	31,721
Financial expenses	236,162	909,928
Gains (losses) on exchange rate	-8,239,587	-614,401
Profit (Loss) before tax	-7,966,458	-2,210,284
Current and deferred taxes	312,972	0
Profit (loss) of the period	-7,683,486	-2,210,284