2Q18 EARNINGS CONFERENCE CALL

August 10th, 2018

Consolidated Results

• Historical EBITDA recorded in second quarters. • Increase of 321.9% in net profit compared to 2Q17. • Main operating expenses:

1) Projects to improve processes: R$12.0 million 2) Amortization of appreciation: USD390 thousand/month

• Effect on finance income (costs) from the exchange rate changes in connection with the loan agreement entered into by Valid Spain, in the amount of US$100 million, in 2Q17:

1) + R$8.7 million in the 1Q18 2) - R$7.2 million in the 2Q18

Net revenue (R$ million)

Net profit (R$ million)

EBITDA (R$ million) and Margin ( %)

Identity

• Revenue increased by 10.7% compared to the 2Q17 and 8.5% compared to 6M17.

• EBITDA of R$46.3 million in the 2Q18 and R$99.5 million in 6M18, an increase of 29.7% and 19.3%, respectively, compared to 2Q17 and 6M17.

• Decrease of 13.0% in EBITDA and 3.9 p.p. in EBITDA margin compared to the 1Q18, mainly due to the expected reduction in the issuance of documents during the World Cup.

• Volume increased by 10.2% compared to the 2Q17 and 10.9% in 6M18.

• New Identification agreements in the USA:

1) city of Providence, in the State of Rhode Island; and

2) State of Vermont.

Net revenue (R$ million) EBITDA (R$ million) and Margin (%)

Volume (million)

• Challenged in a consolidated and commoditized market under continuous price pressure.

• Continuous work in our cost structure and improved mix of sales by region for sustainable results.

• Volume increased by 7.1% and 19.2% compared to 2Q17 and 6M17, respectively, due to the economy downturn in 1Q17.

• Accumulated net revenue increased by 4.2% in the year compared to 6M18.

Mobile EBITDA (R$ million) and Margin (%) Net revenue (R$ million)

Volume (million)

Payments

• Another quarter of consistent and gradual margin recovery in all regions:

1) market stabil ization

2) projects for efficiency improvement

• Net revenue increased by 9.7% in the quarter compared to 2Q17; 18.8% compared to 1Q18; and 8.8% in the accumulated for the year compared to 6M17 due to the improved mix of sales in the USA.

• EBITDA of R$17.9 million in 2Q18 compared to R$7.4 million in 2Q17. Increase of 1219.0% in 6M18, R$27.7 mill ion vs. R$2.1 mill ion in 6M17.

EBITDA (R$ million) and Margin (%) Net revenue (R$ million)

Volume (million)

Cash Flow

Cash provided from operating activities in 6M18 totaled R$106.9 million, compared to R$45.0 million in 6M17.

During the first six-month period of 2018, CAPEX costs totaled R$32.0 million compared to R$21.8 million in the same period of 2017.

In the financing activities, costs totaled R$139.0 million in the period. The main financing activities included:

• Debentures (7th Issuance): R$356.9 million, net of issuance structuring costs;

• Payment of leasing, debentures, financing and loans: R$180.5 million; and

• Share buyback: R$1.9 million.

Payment of Dividends and Interest on Capital

We remain committed to distributing at least 50% of our adjusted net profit, without jeopardizing our policy of growing through acquisitions and development of new businesses.

The Shareholders’ Meeting, held on April 26, 2018, approved the payment of dividends, in the amount of R$10.6 million, complementary to the R$14.1 million distributed on November 24, 2017 for 2017. Therefore, we distributed the amount of R$24.7 million in dividends related to the net profit of R$27.7 million verified in 2017.

EVEN T D A T A YEA R SH A R EH OLD IN G P OSIT ION D A T E P A YM EN T D A T E GR OSS A M OUN T P ER SH A R E R $ GR OSS A M OUN T R $

Interest on Equity 12/12/2016 2016 12/15/2016 01/27/2017 0,235294 15.218.604,26

Dividends 04/28/2017 2016 04/28/2017 05/12/2017 0,168079 10.842.134,40

Dividends 11/08/2017 2017 11/14/2017 11/24/2017 0,200000 14.102.535,00

Dividends 04/26/2018 2017 04/26/2018 05/18/2018 0,150213 10.576.901,25

Indebtness Debt Repayment Schedule 2Q18

Gross debt + interest R$1,058.5 million

47.1% pegged to US dollar

R$378.4 million in the short term

R$680.1 million in the long term

Cash Net debt

R$516.5 million R$542.0 million Net debt/EBITDA* EBITDA*/Finance costs** 1.8 6.7

Covenants

Net debt/EBITDA ≤ 3.00 Finance costs ≥ 1.75x

* Accumulated EBITDA in the last 12 months. ** Accumulated finance costs in the last 12 months.

CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS

This presentation includes forward-looking statements relating to Valid’s business expectations, estimated operational and financial results and expected growth. These projections are exclusively based on the expectations of Valid’s management with respect to its business in the future and its continuous access to capital to finance the Company’s business plan. Such forward-looking statements mainly depend on the changes in market conditions, governmental rules, competitive pressure, industry performance and Brazilian economy, among other factors, in addition to the risks related to the disclosure documents filed by Valid; therefore, these forward-looking statements are subject to changes without prior notice.

Thank you

www.valid.com

www.valid.com/ri ri@valid.com

+ 55 21 2195-7200

Carlos Affonso S. d’Albuquerque CEO

Rita Carvalho

CFO and Investor Relations Officer

Rafael Neves Investor Relations, M&A and Strategic Planning Manager

Eduarda de Castro Miguel Investor Relations Analyst

Milena Rosa

Investor Relations Analyst