Cencosud Shopping (CENCOMALLS) Corporate presentation summary

Company overview and business model

• Over 60 years of history with 110,000+ employees and operations in 8 countries across Latin America and the US, supported by a technological hub in Uruguay and a commercial office in China.

• Operates 1,134 supermarkets, 67 shopping centers, 48 department stores, and 115 home improvement stores, with additional businesses in financial services and other retail segments.

• Consolidated revenues reached USD 17.8 billion LTM with an adjusted EBITDA margin of 10.7%.

• Market capitalization stands at USD 4.9 billion, with a free float of 44.4%.

• Diversified shareholder base with significant foreign investor participation and a third of board members being women from five nationalities.

Strategic positioning and growth

• Recognized as a leading multi-format retailer and supermarket operator in Latin America, with strong geographic and format diversification.

• Store network has grown by 24.5% over recent years, with continued expansion in key markets.

• Focused on organic and inorganic growth, leveraging a substantial landbank and digital ecosystem for future opportunities.

• Private label products drove a 15.7% YoY sales increase, with notable penetration gains in Chile and Argentina.

• Capex strategy prioritizes high-growth markets, with 7 new store openings and 19 remodels in 1Q24.

Financial performance and capital structure

• Maintains a solid financial position with USD 756 million in cash and investment grade ratings from Moody’s (Baa3), Fitch (BBB), and local agencies.

• Gross leverage has steadily declined, reaching 2.0x in 1Q24, with net leverage at 1.4x.

• Debt is primarily USD-denominated (71.6%), with a balanced mix of fixed and variable rates.

• Average daily trading volume in 1Q24 was USD 7.2 million.