Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August, 2023

Commission File Number: 001-41638

AMBIPAR EMERGENCY RESPONSE

(Exact name of registrant as specified in its charter)

Avenida Angélica, nº 2346, 5th Floor

São Paulo, São Paulo, Brazil, 01228-200

Tel: +55 (11) 3429-5000

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes ¨ No x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes ¨ No x

Ambipar Parent released results for the second quarter of 2023.

Ambipar Emergency Response informs the market that on August 15, 2023, its parent company, Ambipar Participações e Empreendimentos S.A. (“Ambipar Parent”), announced its results for the six months ended June 30, 2023.

Excerpts of this announcement relating to Ambipar Emergency Response (the “Company”) are furnished as Exhibit 99.1 to this Report on Form 6-K. Financial information relating to the Company contained therein has not been audited or reviewed in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB) or any other auditing standards. While such financial information has been prepared in good faith and based on information available at the time of preparation, no assurance can be made that actual results will not change as a result of the Company’s management review of results and other factors. The Company’s results for the six months ended June 30, 2023 are subject to finalization and closing of the Company’s accounting books and records (which have yet to be performed) and should not be viewed as a substitute for financial statements prepared in accordance with IFRS. Accordingly, you should not place undue reliance upon the financial information contained in Exhibit 99.1. While we do not expect that such financial information will differ materially from the Company’s actual results for the six months ended June 30, 2023, we cannot assure you that such financial information will be indicative of the Company’s actual financial results for the six months ended June 30, 2023 or for any future periods.

EXHIBIT INDEX

Exhibit No.		Description of Exhibit
99.1		Press Release of Ambipar Emergency Response dated August 15, 2023.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 16, 2023

	AMBIPAR EMERGENCY RESPONSE


	By:	/s/ Thiago da Costa Silva
	Name: Thiago da Costa Silva
	Title: Director

Exhibit 99.1

EARNINGS RELEASE 2Q23

RESPONSE SEGMENT

BRL million	2Q23		2Q22		Chg.		1Q23*		Chg.		6M23*		6M22		Chg.
GROSS REVENUE		660.4		363.3		81.8%		627.1		5.3%		1,287.5		713.7		80.4%
DEDUCTIONS		-48.3		-30.7		57.3%		-30.9		56.3%		-79.2		-59.2		33.8%
NET REVENUE		612.1		332.6		84.0%		596.3		2.7%		1,208.3		654.5		84.6%
COST OF SERVICES PROVIDED		-454.1		-243.6		86.5%		-452.1		0.4%		-906.3		-472.6		91.8%
GROSS PROFIT		157.9		89.1		77.4%		144.1		9.6%		302.1		182.0		66.0%
GROSS MARGIN		25.8%		26.8%		-1.0 p.p.		24.2%		1.6 p.p.		25.0%		27.8%		-2.8 p.p.
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES		-7.6		-6.5		17.5%		-5.1		49.4%		-12.7		-14.0		-9.7%

GROSS REVENUE

RESPONSE
COMPOSITION OF GROSS REVENUE R$ million	2Q21		3Q21		4Q21		1Q22		2Q22		3Q22		4Q22		1Q23		2Q23
GROSS REVENUE		215.2		262.4		281.5		350.4		363.3		431.8		667.8		627.1		660.4
Brazil		70.1		82.2		77.1		112.5		122.8		159.4		202.5		208.7		244.5
International		145.1		180.2		204.4		237.9		240.6		272.4		465.3		418.4		415.9
Latam (ex Brazil)		36.9		47.7		50.1		57.9		58.7		44.1		50.3		55.8		54.3
Europe		42.4		50.1		48.1		47.8		50.5		51.8		64.7		56.1		46.0
North America		65.8		82.4		106.2		132.2		131.3		176.5		350.3		306.5		315.5

Our operations had revenue variations as expected. Gross revenue reached R$660 million in 2Q23, 81.8% higher than 2Q22 and up by 5.3% compared to 1Q23.

BRAZIL

COMPOSITION OF GROSS REVENUE R$ million	2Q23		2Q22		Chg. 2Q23 x 2Q22		1Q23		Chg. 2Q23 x 1Q23		6M23		6M22		Chg. 6M23 x 6M22
RESPONSE
GROSS REVENUES		660.4		363.3		81.8%		627.1		5.3%		1,287.5		713.7		80.4%
Brazil		244.5		122.8		99.1%		208.7		17.1%		453.2		235.3		92.6%
Subscriptions Brazil		39.6		33.7		17.3%		38.2		3.6%		77.8		67.5		15.3%
Services Brazil		204.9		89.0		130.1%		170.5		20.2%		375.5		167.8		123.7%

Attended Services		2Q22	3Q22	4Q22	1Q23	2Q23	Chg. 2Q23 x 2Q22
Brazil	Gross Revenue (BRL Million)	89.0	123.5	165.5	170.5	204.9	130.1%
	Number of Services Provided	1,853	2,435	2,594	2,727	3,075	65.9%
	Average Ticket (BRL Thousand)	48.1	50.7	63.8	62.5	66.6	38.7%

	·	Gross Revenue in Brazil grew in all comparisons, mainly driven by the provision of scheduled industrial services and emergencies in the road and rail sectors.
	·	The average ticket rose YoY and QoQ reflecting higher complexity of attended services.
	·	This result is the result of integration and cross-selling between the business areas.

LATAM

COMPOSITION OF GROSS REVENUE R$ million	2Q23		2Q22		Chg. 2Q23 x 2Q22		1Q23		Chg. 2Q23 x 1Q23		6M23		6M22		Chg. 6M23 x 6M22
RESPONSE
GROSS REVENUES		660.4		363.3		81.8%		627.1		5.3%		1,287.5		713.7		80.4%
International		415.9		240.6		72.9%		418.4		-0.6%		834.3		478.4		74.4%
Latam (ex-Brazil)		54.3		58.7		-7.5%		55.8		-2.6%		110.1		116.6		-5.5%
Subscriptions Latam		34.6		34.4		0.5%		36.1		-4.1%		70.7		65.6		7.7%
Services Latam		19.7		24.3		-18.7%		19.7		0.1%		39.5		51.0		-22.6%

Attended Services		2Q22	3Q22	4Q22	1Q23	2Q23	Chg. 2Q23 x 2Q22
Latam (Ex Brazil)	Gross Revenue (BRL Million)	24.3	9.6	14.8	19.7	19.7	-18.7%
	Number of Services Served	82	80	104	95	90	9.8%
	Average Ticket (BRL Thousand)	296.4	119.6	142.3	207.6	219.4	-26.0%

	·	Latam gross revenue had a negative exchange rate impact between 1Q23 vs. 2Q23, due to the 3.4% appreciation of the Real against the Chilean Peso. On a Local currency view, Revenues showed slight growth.
	·	In Latin America, we had a YoY retraction due to exchange variation, and an oil spill response in the region during 1H22.

EUROPE

COMPOSITION OF GROSS REVENUE R$ million	2Q23		2Q22		Chg. 2Q23 x 2Q22		1Q23		Chg. 2Q23 x 1Q23		6M23		6M22		Chg. 6M23 x 6M22
RESPONSE
GROSS REVENUES		660.4		363.3		81.8%		627.1		5.3%		1,287.5		713.7		80.4%
International		415.9		240.6		72.9%		418.4		-0.6%		834.3		478.4		74.4%
Europe		46.0		50.5		-8.9%		56.1		-17.9%		102.1		98.3		3.9%
Subscriptions Europe		4.6		3.8		20.5%		4.8		-4.9%		9.4		7.4		27.1%
Services Europe		41.5		46.7		-11.3%		51.3		-19.1%		92.7		90.9		2.0%

Attended Services		2Q22	3Q22	4Q22	1Q23	2Q23	Chg. 2Q23 x 2Q22
Europe	Gross Revenue (BRL Million)	46.7	48.1	60.0	51.3	41.5	-11.3%
	Number of Services Served	5,874	5,922	5,974	5,947	5,798	-1.3%
	Average Ticket (BRL Thousand)	8.0	8.1	10.0	8.6	7.2	-10.1%

	·	In Europe, we had a quarterly drop in revenue, due to a lower industrial demand.
	·	In addition, the Real appreciated against the basket of currencies in the European countries where we operate.

NORTH AMERICA

COMPOSITION OF GROSS REVENUE R$ million	2Q23		2Q22		Chg. 2Q23 x 2Q22		1Q23		Chg. 2Q23 x 1Q23		6M23		6M22		Chg. 6M23 x 6M22
RESPONSE
GROSS REVENUES		660.4		363.3		81.8%		627.1		5.3%		1,287.5		713.7		80.4%
International		415.9		240.6		72.9%		418.4		-0.6%		834.3		478.4		74.4%
North America		315.5		131.3		140.2%		306.5		2.9%		622.0		263.5		136.0%

Attended Services		2Q22	3Q22	4Q22	1Q23	2Q23	Chg. 2Q23 x 2Q22
North America	Gross Revenue (BRL Million)	131.3	176.5	350.3	306.5	315.5	140.2%
	Number of Services Served	2,597	2,991	3,117	3,228	3,660	40.9%
	Average Ticket (BRL Thousand)	50.6	59.0	112.4	95.0	86.2	70.5%

	·	North America ex-WOB operations continue their growth trajectory. In the comparison with 2Q22, the growth was 140.2%.
	·	Continuing the process of integrating operations in North America, Witt O’Brien’s now brings together all the L1 and L2 US operations. So, we consolidate WOB into the North America revenue line. We continue to cross-sell L3 from leads generated by L1.
	·	Standing out in Canada was its performance in the Oil and Gas market, in addition to fire response, maintenance and cleaning of silos in the agricultural market.

NET REVENUE

R$ million	2Q23		2Q22		Chg.		1Q23		Chg.		6M23		6M22		Chg.
Gross Revenues		660.4		363.3		81.8%		627.1		5.3%		1,287.5		713.7		80.4%
Deductions		-48.3		-30.7		57.3%		-30.9		56.3%		-79.2		-59.2		33.8%
Net Revenues		612.1		332.6		84.0%		596.3		2.7%		1,208.3		654.5		84.6%
% Deductions / Gross Revenues		-7.3%		-8.5%		1.1 p.p.		-4.9%		-2.4 p.p.		-6.1%		-8.3%		2.1 p.p.

The variation in net revenue accompanied the evolution of gross revenue by geography, and the revenue deductions for each region. There was no significant change in the tax structure of each market, with higher deductions in the Brazilian market than in the international market.

COST OF PRODUCTS/SERVICES (CASH)

RESPONSE
COST OF SERVICES R$ million	2Q23		2Q22		Chg.	1Q23		Chg.	6M23		6M22		Chg.
Personnel		253.4		120.2	110.9%		237.6	6.6%		491.0		238.2	106.2%
Third parties		92.2		49.5	86.1%		88.8	3.8%		181.0		96.4	87.8%
Maintenance		24.7		8.1	207.1%		19.8	24.6%		44.6		14.7	203.2%
Travel		19.2		4.6	313.3%		17.2	11.7%		36.4		9.2	293.6%
Freight		0.8		1.2	-32.1%		1.5	-45.6%		2.2		2.3	-2.6%
Rentals		11.7		9.5	23.2%		10.7	9.4%		22.4		19.1	17.2%
Fuel		12.8		18.7	-31.7%		12.6	1.6%		25.3		30.9	-17.9%
Materials		5.2		3.5	46.3%		7.9	-35.1%		13.1		6.8	93.2%
Telecommunications		2.9		0.6	406.5%		3.7	-22.7%		6.6		1.2	439.0%
Marketing		5.3		0.7	656.4%		3.1	71.5%		8.4		1.2	583.0%
Taxes		4.2		6.2	-32.3%		10.8	-61.1%		15.1		15.6	-3.3%
Others		21.9		20.8	5.3%		38.4	-43.0%		60.2		37.0	62.6%
TOTAL		454.1		243.6	86.5%		452.1	0.4%		906.3		472.6	91.8%

RESPONSE
COST OF SERVICES R$ million	2Q21		3Q21		4Q21		1Q22		2Q22		3Q22		4Q22		1Q23		2Q23
Net Revenue		190.3		233.4		255.6		321.9		332.6		398.1		632.3		596.3		612.1
Personnel		73.0		91.3		96.4		118.0		120.2		137.7		271.5		237.6		253.4
Third parties		19.8		28.8		27.7		46.8		49.5		45.1		69.0		88.8		92.2
Maintenance		8.6		4.5		6.2		6.6		8.1		15.5		27.8		19.8		24.7
Travel		2.4		3.8		4.3		4.6		4.6		6.7		17.2		17.2		19.2
Freight		0.6		0.8		0.9		1.1		1.2		1.3		13.4		1.5		0.8
Rentals		7.3		7.2		7.1		9.6		9.5		3.3		8.6		10.7		11.7
Fuel		5.4		6.6		9.0		12.2		18.7		19.8		7.5		12.6		12.8
Materials		2.3		3.2		3.5		3.3		3.5		10.4		5.2		7.9		5.2
Telecommunications		0.4		0.5		0.7		0.7		0.6		1.0		4.2		3.7		2.9
Marketing		0.9		0.3		1.5		0.5		0.7		5.5		4.1		3.1		5.3
Taxes		2.1		3.6		3.7		9.3		6.2		5.9		-1.3		10.8		4.2
Others		9.2		9.0		14.4		16.3		20.8		30.5		27.0		38.4		21.9
Total		132.1		159.4		175.3		229.0		243.6		282.8		454.2		452.1		454.1

Percentage of Net Revenue

RESPONSE
COST OF SERVICES R$ million	2Q21		3Q21		4Q21		1Q22		2Q22		3Q22		4Q22		1Q23		2Q23
Net Revenue		190.3		233.4		255.6		321.9		332.6		398.1		632.3		596.3		612.1
Personnel		38.3%		39.1%		37.7%		36.7%		36.1%		34.6%		42.9%		39.9%		41.4%
Third parties		10.4%		12.4%		10.9%		14.5%		14.9%		11.3%		10.9%		14.9%		15.1%
Maintenance		4.5%		1.9%		2.4%		2.1%		2.4%		3.9%		4.4%		3.3%		4.0%
Travel		1.3%		1.6%		1.7%		1.4%		1.4%		1.7%		2.7%		2.9%		3.1%
Freight		0.3%		0.3%		0.3%		0.4%		0.3%		0.3%		2.1%		0.2%		0.1%
Rentals		3.9%		3.1%		2.8%		3.0%		2.9%		0.8%		1.4%		1.8%		1.9%
Fuel		2.8%		2.8%		3.5%		3.8%		5.6%		5.0%		1.2%		2.1%		2.1%
Materials		1.2%		1.3%		1.4%		1.0%		1.1%		2.6%		0.8%		1.3%		0.8%
Telecommunications		0.2%		0.2%		0.3%		0.2%		0.2%		0.3%		0.7%		0.6%		0.5%
Marketing		0.5%		0.1%		0.6%		0.2%		0.2%		1.4%		0.6%		0.5%		0.9%
Taxes		1.1%		1.5%		1.4%		2.9%		1.9%		1.5%		-0.2%		1.8%		0.7%
Others		4.8%		3.9%		5.6%		5.1%		6.2%		7.7%		4.3%		6.4%		3.6%
Total		69.4%		68.3%		68.6%		71.1%		73.2%		71.0%		71.8%		75.8%		74.2%
Gross Margin		30.6%		31.7%		31.4%		28.9%		26.8%		29.0%		28.2%		24.2%		25.8%

Costs remained stable as a percentage of revenue when comparing 2Q23 vs. 1Q23, reflecting the company's business mix. There were no highlights in the composition of costs in this quarter. The largest cost components – Personnel, Third Parties, Maintenance, Fuel and Travel – represented more than 85% of total costs.

GROSS PROFIT

Gross profit grew over 2Q22. Gross margin for 2Q23 reached 25.8%, a result of 1.0 pp. lower than 2Q22 and up by 1.6 pp. compared to 1Q23. The improvement in gross margin in relation to 1Q23, is due to better performance in Brazil and Canada.

CAPEX RESPONSE

In 2Q23, addition of Fixed Assets was R$41.9 million. In Response, we invested in Latin America in the new training camp in Chile and in the acquisition of equipment to be used in outsourcing contracts.

Additions to Fixed Assets R$ million	2Q23		2Q22		Chg. 2Q23 x 2Q22	1Q23		Chg. 2Q23 x 1Q23	6M23		6M22		Chg. 6M23 x 6M22
Response		41.9		26.1	61.0%		69.0	-39.2%		110.9		90.9	22.1%
(+) Brazil		11.6		8.9	29.4%		43.8	-73.6%		55.4		58.8	-5.7%
(+) LATAM (ex-Brazil)		19.8		1.9	933.4%		1.1	1662.9%		20.9		2.0	967.3%
(+) Europe		1.8		0.5	261.6%		1.8	-0.5%		3.7		3.7	0.3%
(+) North America		8.7		14.7	-40.4%		22.2	-60.6%		30.9		26.4	16.9%

Additions to Fixed Assets R$ million	2Q21		3Q21		4Q21		1Q22		2Q22		3Q22		4Q22		1Q23		2Q23
Response		20.8		46.2		12.9		64.8		26.1		69.9		72.5		69.0		41.9
(+) Brazil		16.4		32.5		7.1		49.9		8.9		52.3		37.9		43.8		11.6
(+) LATAM (ex-Brazil)		0.7		2.0		2.1		0.0		1.9		0.7		4.0		1.1		19.8
(+) Europe		0.1		2.6		2.8		3.2		0.5		2.4		2.1		1.8		1.8
(+) North America		3.7		9.2		0.9		11.8		14.7		14.4		28.5		22.2		8.7

	1Q23				2Q23
Expansion and Maintenance Capex	Capex (R$ Million)		% Group Revenue		Capex (R$ Million)		% Group Revenue
Service Expansion		66.0		5.8%		76.3		6.3%
RESPONSE		38.0		3.3%		24.3		2.0%
Response Brazil		25.6		2.2%		6.3		0.5%
Response Latam (Ex. Brazil)		0.6		0.1%		18.0		1.5%
Response Europe		0.3		0.0%		0.0		0.0%
Response North America		11.5		1.0%		0.0		0.0%
Service Maintenance		68.4		6.0%		59.6		4.9%
RESPONSE		31.1		2.7%		17.7		1.5%
Response Brazil		18.3		1.6%		5.3		0.4%
Response Latam (Ex. Brazil)		0.5		0.0%		1.8		0.2%
Response Europe		1.6		0.1%		1.8		0.2%
Response North America		10.7		0.9%		8.7		0.7%