Parque Arauco (PARAUCO) Investor presentation summary

Business overview and portfolio

• Operates 59 multi-format retail real estate assets across Chile, Peru, and Colombia, with 1,340,500 sqm of GLA and 96.4% occupancy as of March 2026.

• Holds leading positions in each country, with flagship assets like Parque Arauco Kennedy (Chile), Larcomar (Peru), and Parque La Colina (Colombia).

• LTM 1Q26 sales reached USD 3,976M, revenues USD 430M, and EBITDA USD 305M, all showing double-digit growth versus the previous year.

• Portfolio is diversified by geography, format, and tenant mix, with a strong presence of international and luxury brands.

• Strategic pillars focus on growth, customer experience, profitability, sustainability, and talent development.

Financial performance and stability

• GLA grew at a 3.5% CAGR over 10 years, while tenant sales and revenues grew at 8.2% and 9.6% CAGR, respectively.

• LTM 1Q26 EBITDA increased 2.6x over the decade, with a 9.9% CAGR and 13.5% CAGR post-pandemic.

• Revenue is primarily from long-term, fixed-rate contracts, with an average lease duration of 5.2 years and low tenant concentration.

• Conservative financial structure with net debt/EBITDA at 5.0–6.0x, 4.9-year debt duration, and strong liquidity (CLP 307bn cash).

• Maintains investment-grade ratings (BBB international, AA local) and a loan-to-value ratio below 40%.

Growth strategy and recent investments

• Pursues growth through expansions, M&A, greenfield projects, and diversification into multifamily assets.

• Recent and upcoming projects include major expansions at Parque Arauco Kennedy, MegaPlaza Independencia, and Parque La Colina, as well as new malls like Arauco Chicureo and Minka.

• Multifamily developments underway in Chile, Peru, and Colombia, with over 1,500 units in the pipeline.

• Annual capex target is USD 250–300M, with a current pipeline of USD 1,033M in projects.

• Recent M&A includes acquisitions of Open Plaza Kennedy, Minka, and several multifamily assets.