ANNUAL REPORT 2023

Our mission is to connect people with an active and healthy lifestyle.
We exist to create products and experiences that exceed customers expectations, effectively expanding our footprint in the Brazilian market – always showing integrity, respect, collaboration and care for business.

MAIN HIGHLIGHTS

Sell out of
R$ 1.2
billion
R$ 120.8
million
in adjusted net profit
1,607
employees
IBEVAR
Award
as the Company with the highest
return on
invested capital

OUR BUSINESS

We are an integrated ecosystem focused on well-being, made up of two main business fronts: Track&Field and TFSports.

Sportswear & sports accessories,
footwear and watersports.

Coffee shop and minimarket,
featuring exclusive menu and
curation.

Curated marketplace with
premium products oriented
towards an active and
healthy lifestyle.

A platform that integrates our entire events ecosystems
and well-being experiences, providing street races;
beach tennis tournaments; free online classes for
different modalities; in addition to other experiences.

Leaders

in the Brazilian sportswear
market, we offer a complete
portfolio that includes
sportswear, fitness, lifestyle,
watersports, footwear and
accessories.

The TFC Food&Market,

is a coffee shop and minimarket, which
offers customers a space for social
interaction, a menu and curation of
delicious and healthy products.
Focused on the “Fresh & Up” concept, the
space offers fresh options, mainly locally
sourced and grown without pesticides.
Customers can enjoy the products on
site or take it with them.

The digital presence offers a
personalized omnichannel
experience, complemented
by tfmall, a marketplace
featuring premium wellness
products.

MAIN HIGHLIGHTS

+ 7.1
million products available
Present in 162 cities,
25
states and in the
Federal District
359 stores
313 franchises and
46 owned stores
Consolidated
NPS of
84.2
two points
above the 2022
consolidated score
Solid omnichannel model, with
337 stores
operating with 
ship-from-store and 
in-store pickup, in addition to 226 stores with infinite shelf

OUR FRANCHISEES

We continue to invest in digital tools to strengthen communication and generate
sales leads between franchisees and customers. We kept the support for existing
franchises and prioritized these partners when opening new stores, as we know
the crucial role of franchisees as regional “ambassadors”.

2023 Highlights

Our 313 franchises are
responsible for 62.8% of the
chain’s sales, totaling more
than R$749.5 million.

TFSports is a platform that integrates wellness events and experiences,
connecting thousands of users and expert coaches

It ended the year
with more than
592 thousand

users

52%
growth

compared to
2022

2,925
events

in 2023

+250 thousand
people impacted

by our events

81

stages of the Santander Track&Field Run Series, with more than 159 thousand participants

374

T&F 
Experience 
events

35

tages of 
Track&Field Open Beach Tennis

+1,600

classes through Continue em Movimento (Keep Moving) program

Partnership with Achilles International Brazil,
with the participation of 521 athletes and guides

OUR TEAM

Our core values ​​– integrity, respect, collaboration, care for the business and
customer success – guide all our people management initiatives.
And the 1,607 employees are essential to fulfill our mission.

ESG PLAN 2025

Designed in 2022, our 2025 ESG Plan is a significant milestone in our journey towards
sustainability. Result of a close collaboration between our internal teams, it outlines
eight voluntary and qualitative commitments that will guide our efforts towards the
socio-environmental agenda until December 31, 2025. These commitments were built
on three pillars, and we will present the advances made in 2023 below:

PEOPLE
Engage key stakeholders in our ESG journey
COMPROMISSOS
AÇÕES

Promote and foster initiatives connecting society with an active and healthy lifestyle.

TFSports has partnered with Achilles International Brazil, an organization whose mission is to transform the lives of people with disabilities through sports programs and social connection. We also support social impact projects related to sport, through private social investment and funding through incentive laws.

Encourage our employees to have a more active and healthy lifestyle; promote a culture of sustainability and a more diverse and inclusive work environment.

Development and implementation of an internal communication plan aimed to foster a culture of sustainability through internal actions; construction of the Diversity and Inclusion Action Plan.

Redesign and expand our socio-environmental assessment program for the domestic textile supply network.

Creation of a socio-environmental risk matrix for the supply chain; review of the socio-environmental assessment and monitoring system and creation of support tools; review of the Supplier Code of Conduct.

Make our ESG initiatives more transparent for investors and clients.

Publication of the first Annual Report for 2022.

COMPROMISSOS

Promote and foster initiatives connecting society with an active and healthy lifestyle.

Encourage our employees to have a more active and healthy lifestyle; promote a culture of sustainability and a more diverse and inclusive work environment.

Redesign and expand our socio-environmental assessment program for the domestic textile supply network.

Make our ESG initiatives more transparent for investors and clients.

AÇÕES

TFSports has partnered with Achilles International Brazil, an organization whose mission is to transform the lives of people with disabilities through sports programs and social connection. We also support social impact projects related to sport, through private social investment and funding through incentive laws.

Development and implementation of an internal communication plan aimed to foster a culture of sustainability through internal actions; construction of the Diversity and Inclusion Action Plan.

Creation of a socio-environmental risk matrix for the supply chain; review of the socio-environmental assessment and monitoring system and creation of support tools; review of the Supplier Code of Conduct.

Publication of the first Annual Report for 2022.

PRODUCTS AND EXPERIENCES
Offer products and experiences that enable a more active, healthy and sustainable lifestyle
COMPROMISSOS
AÇÕES

Search for alternatives and solutions with socio-environmental attributes for products and experiences.

Creation of a list of socio-environmental attributes for products, focusing on raw materials.

Pilot initiatives that contribute to increasing the products and materials use cycle.

Assessment of the possibilities of disposing disused materials to increase their use cycle.

COMPROMISSOS

Search for alternatives and solutions with socio-environmental attributes for products and experiences.

Pilot initiatives that contribute to increasing the products and materials use cycle.

AÇÕES

Creation of a list of socio-environmental attributes for products, focusing on raw materials.

Assessment of the possibilities of disposing disused materials to increase their use cycle.

ENVIRONMENT
Understand and minimizes the environmental impact of our operations
COMPROMISSOS
AÇÕES

Monitor, decrease and neutralize¹ scope 1, 2 and 3 greenhouse gas emissions.

Development of the 2022 GHG emissions inventory; conduction of a study on climate opportunities and risks; 2022 scope 1 and 2 emissions neutralized.

Create a Solid Waste Management Plan for our own operations and establish waste reduction goals.

Solid Waste Management Plan completed and creation of tools that will support us in better waste management.

COMPROMISSOS

Monitor, decrease and neutralize¹ scope 1, 2 and 3 greenhouse gas emissions.

Create a Solid Waste Management Plan for our own operations and establish waste reduction goals.

AÇÕES

Development of the 2022 GHG emissions inventory; conduction of a study on climate opportunities and risks; 2022 scope 1 and 2 emissions neutralized.

Solid Waste Management Plan completed and creation of tools that will support us in better waste management.

¹ Scopes 1 and 2

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