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v3.22.1

Segment information | 12 Months Ended
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Dec. 31, 2021
Segment information |
Segment information | 32. Segment i nformation The Company operates six main business segments: gas distribution, fuel distribution, chemicals, (presented as discontinued operations), storage, drugstores (presented as discontinued operations) and digital payments. The gas distribution segment (Ultragaz) distributes LPG to residential, commercial, and industrial consumers, especially in the South, Southeast, and Northeast regions of Brazil. The fuel distribution segment (Ipiranga) operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants and related activities throughout all the Brazilian territory. The storage segment (Ultracargo) operates liquid bulk terminals, especially in the Southeast and Northeast regions of Brazil. The digital payments segment (Abastece aí) offers digital payments services, combining the “abastece aí” app and the loyalty program “Km de Vantagens”. The segments shown in the f inancial statements are strategic business units supplying different products and services. Intersegment sales are at prices similar to those that would be charged to third parties. a. Financial information related to segments The main financial information of each of the continuing operations Company’s segments are stated as follows. For discontinued operations see note 3.c.2.
| 2021 |  |
Income | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Abastece aí |  |  | Subtotal |  |  | Others (1)(2) |  |  | Elimination |  |  | Total |  |
Net revenue from sales and services | 99,382,617 |  |  | 9,744,659 |  |  | 713,096 |  |  | 84,733 |  |  | 109,925,105 |  |  | 22,452 |  |  | (214,715 | ) |  | 109,732,842 |  |
Transactions with third parties | 99,382,547 |  |  | 9,740,657 |  |  | 518,762 |  |  | 84,733 |  |  | 109,726,699 |  |  | 6,143 |  |  | - |  |  | 109,732,842 |  |
Intersegment transactions | 70 |  |  | 4,002 |  |  | 194,334 |  |  | - |  |  | 198,406 |  |  | 16,309 |  |  | (214,715 | ) |  | - |  |
Cost of products and services sold | (96,110,408 | ) |  | (8,626,340 | ) |  | (285,406 | ) |  | - |  |  | (105,022,154 | ) |  | 70 |  |  | 194,118 |  |  | (104,827,966 | ) |
Gross profit | 3,272,209 |  |  | 1,118,319 |  |  | 427,690 |  |  | 84,733 |  |  | 4,902,951 |  |  | 22,522 |  |  | (20,597 | ) |  | 4,904,876 |  |
Operating income (expenses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing | (1,409,350 | ) |  | (438,697 | ) |  | (9,213 | ) |  | (71,345 | ) |  | (1,928,605 | ) |  | (6,184 | ) |  | - |  |  | (1,934,789 | ) |
Loss allowance (reversion) for expected credit losses | 23,536 |  |  | (20,482 | ) |  | 69 |  |  | - |  |  | 3,123 |  |  | - |  |  | - |  |  | 3,123 |  |
General and administrative | (846,441 | ) |  | (202,002 | ) |  | (127,117 | ) |  | (113,544 | ) |  | (1,289,104 | ) |  | (198,044 | ) |  | 20,597 |  |  | (1,466,551 | ) |
Gain (loss) on disposal of property, plant and equipment and intangibles | 183,862 |  |  | 2,138 |  |  | (1,754 | ) |  | (9 | ) |  | 184,237 |  |  | (48 | ) |  | - |  |  | 184,189 |  |
Other operating income, net | 74,574 |  |  | 10,976 |  |  | 3,876 |  |  | 5,159 |  |  | 94,585 |  |  | 1,581 |  |  | - |  |  | 96,166 |  |
Operating income (loss) | 1,298,390 |  |  | 470,252 |  |  | 293,551 |  |  | (95,006 | ) |  | 1,967,187 |  |  | (180,173 | ) |  | - |  |  | 1,787,014 |  |
Share of profit (loss) of subsidiaries, joint ventures and associates | (859 | ) |  | (104 | ) |  | 602 |  |  | - |  |  | (361 | ) |  | (17,273 | ) |  | - |  |  | (17,634 | ) |
Operating income before finance income (expenses) and income and social contribution taxes | 1,297,531 |  |  | 470,148 |  |  | 294,153 |  |  | (95,006 | ) |  | 1,966,826 |  |  | (197,446 | ) |  | - |  |  | 1,769,380 |  |
Depreciation of PP&E and amortization of intangible assets charges | 325,942 |  |  | 211,014 |  |  | 76,421 |  |  | 14,365 |  |  | 627,742 |  |  | 25,376 |  |  | - |  |  | 653,118 |  |
Amortization of contractual assets with customers – exclusive rights | 280,975 |  |  | 1,546 |  |  | - |  |  | - |  |  | 282,521 |  |  | - |  |  | - |  |  | 282,521 |  |
Amortization of right-of-use assets | 182,245 |  |  | 46,579 |  |  | 25,440 |  |  | 267 |  |  | 254,531 |  |  | 6,185 |  |  | - |  |  | 260,716 |  |
Total of depreciation and amortization | 789,162 |  |  | 259,139 |  |  | 101,861 |  |  | 14,632 |  |  | 1,164,794 |  |  | 31,561 |  |  | - |  |  | 1,196,355 |  |
| 2020 - Re-presented |  |
Income | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Abastece aí |  |  | Subtotal Segments |  |  | Others (1)(2) |  |  | Elimination |  |  | Total |  |
Net revenue from sales and services | 66,133,035 |  |  | 7,408,342 |  |  | 644,177 |  |  | 17,223 |  |  | 74,202,777 |  |  | 48,325 |  |  | (193,046 | ) |  | 74,058,056 |  |
Transactions with third parties | 66,132,828 |  |  | 7,403,632 |  |  | 504,725 |  |  | 17,223 |  |  | 74,058,408 |  |  | (352 | ) |  | - |  |  | 74,058,056 |  |
Intersegment transactions | 207 |  |  | 4,710 |  |  | 139,452 |  |  | - |  |  | 144,369 |  |  | 48,677 |  |  | (193,046 | ) |  | - |  |
Cost of products and services sold | (63,609,871 | ) |  | (6,310,157 | ) |  | (270,010 | ) |  | - |  |  | (70,190,038 | ) |  | 207 |  |  | 133,384 |  |  | (70,056,447 | ) |
Gross profit | 2,523,164 |  |  | 1,098,185 |  |  | 374,167 |  |  | 17,223 |  |  | 4,012,739 |  |  | 48,532 |  |  | (59,662 | ) |  | 4,001,609 |  |
Operating income (expenses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing | (1,164,779 | ) |  | (404,776 | ) |  | (7,278 | ) |  | (13,945 | ) |  | (1,590,778 | ) |  | (5,093 | ) |  | - |  |  | (1,595,871 | ) |
Loss allowance (reversion) for expected credit losses | 2,863 |  |  | (18,514 | ) |  | 370 |  |  | - |  |  | (15,281 | ) |  | - |  |  | - |  |  | (15,281 | ) |
General and administrative | (568,963 | ) |  | (196,883 | ) |  | (122,965 | ) |  | (33,164 | ) |  | (921,975 | ) |  | (131,673 | ) |  | 59,662 |  |  | (993,986 | ) |
Gain (loss) on disposal of property, plant and equipment and intangibles | 78,952 |  |  | 7,936 |  |  | (1,433 | ) |  | - |  |  | 85,455 |  |  | - |  |  | - |  |  | 85,455 |  |
Other operating income, net | 44,195 |  |  | 8,265 |  |  | 8,898 |  |  | 920 |  |  | 62,278 |  |  | 1,756 |  |  | - |  |  | 64,034 |  |
Operating income (loss) | 915,432 |  |  | 494,213 |  |  | 251,759 |  |  | (28,966 | ) |  | 1,632,438 |  |  | (86,478 | ) |  | - |  |  | 1,545,960 |  |
Share of profit (loss) of subsidiaries, joint ventures and associates | (932 | ) |  | (53 | ) |  | 392 |  |  | - |  |  | (593 | ) |  | (43,438 | ) |  | - |  |  | (44,031 | ) |
Operating income before finance income (expenses) and income and social contribution taxes | 914,500 |  |  | 494,160 |  |  | 252,151 |  |  | (28,966 | ) |  | 1,631,845 |  |  | (129,916 | ) |  | - |  |  | 1,501,929 |  |
Depreciation of PP&E and amortization of intangible assets charges | 314,511 |  |  | 192,241 |  |  | 65,838 |  |  | 4,053 |  |  | 576,643 |  |  | 18,888 |  |  | - |  |  | 595,531 |  |
Amortization of contractual assets with customers – exclusive rights | 287,800 |  |  | 1,636 |  |  | - |  |  | - |  |  | 289,436 |  |  | - |  |  | - |  |  | 289,436 |  |
Amortization of right-of-use assets | 177,039 |  |  | 41,015 |  |  | 19,482 |  |  | 40 |  |  | 237,576 |  |  | 5,094 |  |  | - |  |  | 242,670 |  |
Total of depreciation and amortization | 779,350 |  |  | 234,892 |  |  | 85,320 |  |  | 4,093 |  |  | 1,103,655 |  |  | 23,982 |  |  | - |  |  | 1,127,637 |  |
(1) | Includes in the line “General and administrative” and revenue on disposal of PP&E and intangibles the amount of R$ 154,640 in 2021 (R$ 87,363 in 2020) of expenses related to Ultrapar's holding structure, including the Presidency, Financial Board, Legal Board, Board of Directors and Fiscal Council, Risk, Compliance and Audit Board and Sustainability Board.
(2) | The “Others” column consists of financial income and expenses, income tax and social contribution of the segments, the parent company Ultrapar and the subsidiaries Serma, Imaven Imóveis Ltda. (“Imaven”), Ultrapar International, UVC Investimentos, UVC - Fundo de investimento and equity of joint ventures of ConectCar, until September 30, 2021 and RPR.
| 2019 – Re-presented |  |
Income | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Subtotal |  |  | Others |  |  | Elimination |  |  | Total |  |
Net revenue from sales and services | 75,452,481 |  |  | 7,094,825 |  |  | 540,758 |  |  | 83,088,064 |  |  | 44,063 |  |  | (127,397 | ) |  | 83,004,729 |  |
Transactions with third parties | 75,451,946 |  |  | 7,091,031 |  |  | 462,368 |  |  | 83,005,345 |  |  | (616 | ) |  | - |  |  | 83,004,729 |  |
Intersegment transactions | 535 |  |  | 3,794 |  |  | 78,390 |  |  | 82,719 |  |  | 44,678 |  |  | (127,397 | ) |  | - |  |
Cost of products and services sold | (71,962,747 | ) |  | (6,104,952 | ) |  | (261,025 | ) |  | (78,328,724 | ) |  | 533 |  |  | 119,405 |  |  | (78,208,786 | ) |
Gross profit | 3,489,734 |  |  | 989,873 |  |  | 279,733 |  |  | 4,759,340 |  |  | 44,595 |  |  | (7,992 | ) |  | 4,795,943 |  |
Operating income (expenses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling and marketing | (1,228,136 | ) |  | (394,798 | ) |  | (8,683 | ) |  | (1,631,617 | ) |  | ( 143 | ) |  | - |  |  | (1,631,760 | ) |
Loss allowance (reversion) for expected credit losses | (3,942 | ) |  | ( 31,370 | ) |  | 87 |  |  | (35,225 | ) |  | - |  |  | - |  |  | 35,225 | ) |
General and administrative | (770,028 | ) |  | (210,361 | ) |  | ( 124,767 | ) |  | ( 1,105,156 | ) |  | ( 122,286 | ) |  | 7,992 |  |  | ( 1,219,450 | ) |
Gain (loss) on disposal of property, plant and equipment and intangibles | 13,285 |  |  | 2,677 |  |  | (807 | ) |  | 15,155 |  |  | ( 13,455 | ) |  | - |  |  | 1,700 |  |
Other operating income, net | 186,982 |  |  | 12,953 |  |  | (62,392 | ) |  | 137,543 |  |  | 2,486 |  |  | - |  |  | 140,029 |  |
Operating income (loss) | 1,687,895 |  |  | 368,974 |  |  | 83,171 |  |  | 2,140,040 |  |  | (88,803 | ) |  | - |  |  | 2,051,237 |  |
Share of profit (loss) of subsidiaries, joint ventures and associates | ( 24,782 | ) |  | (5 | ) |  | 1,370 |  |  | ( 23,417 | ) |  | 10,708 |  |  | - |  |  | (12,709 | ) |
Operating income before finance income (expenses) and income and social contribution taxes | 1,663,113 |  |  | 368,969 |  |  | 84,541 |  |  | 2,116,623 |  |  | (78,095 | ) |  | - |  |  | 2,038,528 |  |
Depreciation of PP&E and amortization of intangible assets charges | 275,294 |  |  | 186,221 |  |  | 59,618 |  |  | 521,133 |  |  | 30,636 |  |  | - |  |  | 551,768 |  |
Amortization of contractual assets with customers – exclusive rights | 355,055 |  |  | 195 |  |  | - |  |  | 355,250 |  |  | - |  |  | - |  |  | 355,250 |  |
Amortization of right-of-use assets | 164,543 |  |  | 31,264 |  |  | 20,673 |  |  | 216,480 |  |  | 128 |  |  | - |  |  | 216,609 |  |
Total of depreciation and amortization | 794,892 |  |  | 217,680 |  |  | 80,291 |  |  | 1,092,863 |  |  | 30,764 |  |  | - |  |  | 1,123,627 |  |
| 2021 |  |
Cash flow | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Abastece aí |  |  | Subtotal Segments |  |  | Others (3) |  |  | Elimination |  |  | Total |  |
Acquisition of property, plant, and equipment | 386,693 |  |  | 336,871 |  |  | 298,272 |  |  | 636 |  |  | 1,022,472 |  |  | 5,947 |  |  | - |  |  | 1,028,419 |  |
Acquisition of intangible assets | 156,498 |  |  | 30,150 |  |  | 15,819 |  |  | 34,824 |  |  | 237,291 |  |  | 197 |  |  | - |  |  | 237,488 |  |
Payments of contractual assets with customers – exclusive rights | 420,261 |  |  | - |  |  | - |  |  | - |  |  | 420,261 |  |  | - |  |  | - |  |  | 420,261 |  |
Decarbonization credits (see Note 16) | 176,837 |  |  | - |  |  | - |  |  | - |  |  | 176,837 |  |  | - |  |  | - |  |  | 176,837 |  |
| 2020 - Re-presented |  |
Cash flow | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Abastece aí |  |  | Subtotal Segments |  |  | Others (3) |  |  | Elimination |  |  | Total |  |
Acquisition of property, plant, and equipment | 245,980 |  |  | 276,470 |  |  | 211,287 |  |  | 5,149 |  |  | 738,886 |  |  | 11,732 |  |  | - |  |  | 750,618 |  |
Acquisition of intangible assets | 85,337 |  |  | 32,613 |  |  | 5,596 |  |  | 10,285 |  |  | 133,831 |  |  | 20,703 |  |  | - |  |  | 154,534 |  |
Payments of contractual assets with customers – exclusive rights | 351,233 |  |  | 4,812 |  |  | - |  |  | - |  |  | 356,045 |  |  | - |  |  | - |  |  | 356,045 |  |
Decarbonization credits (see Note 16) | 125,345 |  |  | - |  |  | - |  |  | - |  |  | 125,345 |  |  | - |  |  | - |  |  | 125,345 |  |
| 2019 – Re-presented |  |
Cash flow | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Subtotal Segments |  |  | Others (3) |  |  | Elimination |  |  | Total |  |
Acquisition of property, plant, and equipment | 284,882 |  |  | 222,082 |  |  | 206,369 |  |  | 713,333 |  |  | 7,446 |  |  | - |  |  | 720,779 |  |
Acquisition of intangible assets | 70,193 |  |  | 27,702 |  |  | 617 |  |  | 98,512 |  |  | 12,739 |  |  | - |  |  | 111,251 |  |
Payments of contractual assets with customers – exclusive rights | 327,346 |  |  | 2,722 |  |  | - |  |  | 330,068 |  |  | - |  |  | - |  |  | 330,068 |  |
| 12/31/2021 |  |
Assets | Ipiranga |  |  | Ultragaz |  |  | Ultracargo |  |  | Abastece aí |  |  | Subtotal Segments |  |  | Others (3) |  |  | Assets from subsidiaries held for sale |  |  | Total |  |
Total assets (excluding intersegment transactions) | 21,050,793 |  |  | 3,233,736 |  |  | 2,675,453 |  |  | 152,212 |  |  | 27,112,194 |  |  | 897,246 |  |  | 11,000,917 |  |  | 39,010,357 |  |
| 12/31/2020 |  |
Assets | Ipiranga |  |  | Ultragaz |  |  | Oxiteno |  |  | Ultracargo |  |  | Extrafarma |  |  | Abastece aí |  |  | Subtotal Segments |  |  | Others (3) |  |  | Elimination |  |  | Total |  |
Total assets (excluding intersegment transactions) | 18,761,207 |  |  | 2,927,061 |  |  | 8,892,850 |  |  | 2,197,675 |  |  | 1,845,038 |  |  | 85,787 |  |  | 34,709,618 |  |  | 1,540,544 |  |  | - |  |  | 36,250,162 |  |
(3) | The “Others” column comprises the parent company Ultrapar (including goodwill from certain acquisitions) and the subsidiaries Serma, Imaven, Ultrapar International, UVC Investimentos and UVC - Fundo de investimento.
| 2021 |  |  | 2020 |  |  | 2019 |
|  |  |  | Re-presented |  |  | Re-presented |
Income before financial result, income and social contribution taxes | 1,769,380 |  |  | 1,501,929 |  |  | 2,038,528 |
Financial result, net | (762,732 | ) |  | (550,348 | ) |  | (673,351 | )
Income before income and social contribution taxes | 1,006,648 |  |  | 951,581 |  |  | 1,365,177 |
Additions to PP&E and intangible assets (excluding intersegment account balances): |  |  |  |  |  |  |  |
Ultragaz | 367,021 |  |  | 309,083 |  |  | 249,784 |
Ipiranga | 550,874 |  |  | 338,848 |  |  | 370,864 |
Ultracargo | 316,873 |  |  | 218,898 |  |  | 217,377 |
Abastece aí | 35,460 |  |  | 15,434 |  |  | - |
| 1,270,228 |  |  | 882,263 |  |  | 838,025 |
Others (1) | 6,143 |  |  | 32,437 |  |  | 20,185 |
Total additions to PP&E and intangible assets, excluding decarbonization credits (see Notes 15 and 16) | 1,276,371 |  |  | 914,700 |  |  | 858,210 |
Asset retirement obligation – fuel tanks (see Note 22) | (451 | ) |  | (163 | ) |  | (290 | )
Capitalized borrowing costs | (10,013 | ) |  | (9,385 | ) |  | (25,890 | )
Total investments in PP&E and intangible assets (cash flow) | 1,265,907 |  |  | 905,152 |  |  | 832,030 |
Addition on contractual assets with customers – exclusive rights (see Note 12): |  |  |  |  |  |  |  |
Ipiranga | 689,986 |  |  | 543,382 |  |  | 330,068 |
Ultragaz | - |  |  | 5,703 |  |  | - |
Total | 689,986 |  |  | 549,085 |  |  | 330,068 |
(1) | The “Others” column comprises the parent company Ultrapar (including goodwill from certain acquisitions) and the subsidiaries Serma, Imaven, Ultrapar International, UVC Investimentos and UVC – Fundo de investimento.
b. Geographic a rea i nformation The right-of-use assets, PP&E and intangible assets of the Company and its subsidiaries are located in Brazil, except those related to Oxiteno’ plants abroad, which were reclassified to assets of subsidiaries held for sale on December 31, 2021, for further details see Note 3.b, as shown below:
| 12/31/2021 |  |  | 12/31/2020 |
United States of America | - |  |  | 1,152,876 |
Mexico | - |  |  | 163,042 |
Uruguay | - |  |  | 90,347 |
| - |  |  | 1,406,265 |
The subsidiaries generate revenue from operations in Brazil, as well as from exports of products to foreign customers, as disclosed below:
| 2021 |  |  | 2020 |  |  | 2019 |
|  |  |  | Re-presented (i) |  |  | Re-presented (i) |
Net revenue from sale and services: |  |  |  |  |  |  |  |
Brazil | 109,598,146 |  |  | 73,941,162 |  |  | 82,927,227 |
Other Latin American countries | 69,523 |  |  | 45,356 |  |  | 40,655 |
United States of America and Canada | 35,279 |  |  | 29,935 |  |  | 16,906 |
Europe | 18,876 |  |  | 34,460 |  |  | 17,058 |
Others | 11,018 |  |  | 7,143 |  |  | 2,883 |
Total | 109,732,842 |  |  | 74,058,056 |  |  | 83,004,729 |
(i) | For further information see Note 3.c.3.

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