Ultrapar operates as the holding company of Grupo Ultra, carrying out strategic management and disciplined, efficient capital allocation in sectors where it can contribute meaningfully to long term value creation, such as energy, logistics infrastructure, and mobility.
Ultrapar has established itself as a strategic holding company, with robust governance practices and strong incentive alignment, guided by consistent decision-making throughout the economic cycle, rigorous financial discipline, and a long-term value creation mindset, always driven by what is best for the Ultra Group.
1. Disciplined capital allocation investments: organic growth, inorganic growth, and new businesses
Discipline in capital allocation is one of Ultrapar’s key competitive advantages. Investment decisions are based on clear financial criteria and deep knowledge of the sectors in which the Group operates and their adjacencies. Sustainability principles are embedded in the decision-making process from origination through post-investment management, ensuring strategic coherence, sound governance, and rigorous risk management.
2. Focus on sectors with long-term value generation potential: where we can be the best shareholders
Ultrapar seeks to operate in sectors with high growth and profitability potential, where it can act as the best shareholder, contributing, for example, through governance, financial discipline, operational expertise, and access to capital. This approach is guided by sustainable growth, integrity, and respect for minority shareholders, preserving consistency in value creation over time.
3. Value creation in businesses and the portfolio
The portfolio is managed through the Ultra Management Model, which combines autonomy with accountability, clear roles, incentive alignment, and careful, disciplined performance monitoring. Governance is agile, with clear guidelines and a structured monitoring cadence, reinforcing the holding company’s role as a lever for value creation across businesses and the portfolio.
4. Optimization of the cost of capital
Ultrapar maintains a solid financial structure, with prudence, adequate liquidity, and the lowest possible cost of capital, ensuring resilience and flexibility to allocate resources across different economic cycles. This position enables the company to seize market opportunities with agility, sustain investments, and remunerate shareholders even in adverse scenarios.