Why Invest in Mills?

The concept of equipment leasing in Brazil has a long way of growing:

With different needs, customers have many benefits from leasing equipment.

Why rent instead of buy?

• Right equipment for every work
• Expense and inventory control
• Equipment tracking
• No need for expenses related to equipment maintenance
• Specialized support for each type of customer
• Cost savings
• No need for physical space to store machines and parts (warehouse)
• Reliability and reduced machine downtime
• Specialized operational service
• Risk management

The market leader in Latin America, with over 70 years of experience

Mills is a pioneer in solutions for leasing lifting platforms and construction equipment in Brazil and now offers a new line of products: heavy machinery (yellow line). We have the largest fleet in Latin America – there are more than 10,000 pieces of equipment serving the entire Brazilian territory. We are present in more than 1,400 Brazilian cities with 1,800 employees. We are recognized for trust, quality, safety, productivity and territorial coverage.

Minimalizing cyclicality risks, Mills has a client base from the most varied sectors of the economy: all individuals and companies that need to rent equipment are potential customers.

All stages of our operating cycle are maximized

Raise capital: Solid balance sheet with broad access to capital (excellent credit rating and funding conditions in the industry);

Purchase: the scale in the acquisition of equipment is a great competitive advantage that allows for better commercial conditions when negotiating with our suppliers;

Rental: optimization of the utilization rate and return on invested capital, through greater operational efficiency and a diversified customer base, serving different market segments, reducing cyclicality and seeking greater profitability;

Equipment life span: through preventive maintenance, performed every 200 hours of use, our equipment has an extended lifetime.

Sale: equipment is sold on the secondary market, at the ideal time and price for replacement, closing the equipment’s profitability cycle.

Strong track record of financial strength, cash generation and leverage capacity

With strong cash generation and leverage capacity, as well as discipline in capital allocation, we remain strong with our fleet expansion and readjustment project, as our activities allow for growth opportunities, as despite the economic downturn, leasing is a very good alternative. attractive to the high investments in its own fleet.

Our solid reputation, long-term relationship with clients and leadership in the Brazilian lift platform leasing market, allows us to take advantage of unserved market opportunities and increase penetration in segments already served, favoring our business model with consistent revenue growth.

There is room to increase Mills’ performance (organically and inorganically)

With an ever-increasing focus on becoming a One-Stop-shop rental company, we work in efficient capital allocation, successfully expanding our footprint with branches inaugurations and integrating acquired companies.

With full focus on Total Shareholder Return, the distribution of dividends and interest and the shares repurchase programs reinforce our growth strategy seeking to generate greater value for our shareholders.

High level of corporate governance, and fast evolution of ESG issues

Continually seeking to promote transparency, in June 2022 we published our first Sustainability Report in line with the guidelines of the Global Reporting Initiative (GRI), referring to the year 2021. We present Mills’ socio-environmental and economic performance, reporting the entire process of construction of materiality until the definition of our six material themes, which were divided between primary (we want to be a reference) and secondary (we want to be aligned with the best market practices), as well as their respective commitments and goals to be achieved by 2025. In addition, we also address our strategies, business models and how we are creating value through forward-looking governance. Our report is available here.

In the second half of 2022, we were certified by Great Place to Work for the second year in a row as one of the best companies to work for, according to a survey carried out with our employees.

Regarding issues related to climate change, we concluded a study that was unprecedented in our sector on the 2021 GHG Inventory with scopes 1, 2 and 3. The material was developed in accordance with the GHG Protocol methodology, covering the detailing of the our direct emissions from own or controlled sources, indirect emissions from purchased energy generation and other indirect emissions. We continue towards Mills’ certification as a company suitable for a B-Corp seal, a global pioneer in the sector.

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In addition, we have a team of management specialists in the sector made up of experienced executives, focused on achieving results in our market.

Major shareholders with proven industry experience: