Guilherme Martins's questions to Ultrapar Participacoes SA (UGP) leadership • Q4 2024
Question
An analyst from Goldman Sachs asked if Ultrapar could quantify the potential EBITDA gains for Ipiranga from the government's agenda against unlawful practices. He also inquired about the company's leverage, asking if it's expected to run at the lower end of its target range given the light balance sheet and no immediate plans for major non-organic growth.
Answer
Ultrapar CFO Rodrigo de Almeida Pizzinatto declined to provide a specific estimate of EBITDA gains but stated that resolving all unlawful practices could return Ipiranga's profitability to levels seen in 2016-2017. He confirmed that the company does expect its leverage to remain closer to the bottom of its target range.