Sendas Distribuidora Sa · BMFBOVESPA:ASAI3
Sendas Distribuidora Sa — Q1 2026 Earnings Presentation
14 slides from Sendas Distribuidora Sa's earnings presentation, Apr 28, 2026
Slide 1: Earnings Results 1st Quarter 2026
EARNINGS RESULTS 1 st QUARTER 2026
Slide 2: Stable Profitability Demonstrates Business Model Resilience
STABLE PROFITABILITY DEMONSTRATES BUSINESS MODEL RESILIENCE Continued solid trajectory of leverage reduction: 2.52x (vs. 3.15x in 1Q25) Sales Profitability (e.g., new PIS/COFINS tax credits) • EBITDA Pre -IFRS16: 5.5% (stable) • Gross Sales: R$ 20.6 billion (+1.7%) o Gross Margin (+0.3 p.p.): operat
Slide 3: Operational Stability on a Comparable Basis
OPERATIONAL STABILITY ON A COMPARABLE BASIS Focus on efficiency: operational maturity, pricing evolution and expenses control GROSS PROFIT SG&A EXPENSE S ADJUSTED EBITDA Millions; PRE-IFRS 16 Millions; PRE-IFRS 16 Millions; PRE-IFRS 16 +1.9% +2.7% +0.3% 3,058 3,117 2,067 2,122 1,022 1,025 1Q25 1Q26
Slide 4: Net Income Affected by High Interest Rates, New Tax Credits, and Restructuring
NET INCOME AFFECTED BY HIGH INTEREST RATES, NEW TAX CREDITS, AND 1T26 RESTRUCTURING FINANCIAL RESULT NET INCOME Millions; Pre-IFRS 16 Millions; Pre-IFRS 16 +10.2% 564 367 512 +7.3% 162 174 1Q25 1Q26 1Q25 1Q26 1Q26 (Recurring) 2.76% 3.03% 0.87% 0.93% 1.97% Financial Result over Net Revenue Net Margin
Slide 5: Solid Reduction in Leverage: 2.52x, 0.63x Lower Than 1Q25
SOLID REDUCTION IN LEVERAGE: 2.52X, 0.63X LOWER THAN 1Q25 Consistency of results and focus on reducing leverage (R$ Billion LTM CASH GENERATION FINANCIAL LEVERAGE Operating Cash Generation 2,9 -1.44x Capex + SLB -0,7 Free Cash Generation 2,2 Cost of Debt + Dividends -2,2 3.96x 4.69x Final Cash Gener
Slide 6: Cash Availability of 7.5 Billion in 1Q26
CASH AVAILABILITY OF 7.5 BILLION IN 1Q26 1T26 CASH AVAILABILITY (R$ Billion) +25.1% Debenture buyback 8.7 7.5 • Optional Acquisition Program approved 2.8 on April 27 6.0 5.8 6.0 3.2 • Total approved amount: R$ 200 million 1.6 1.4 1.6 1.3 • Maximum settlement period of 180 days 0.7 1.9 2.1 2.0 5.9 •
Slide 7: Growth Avenues
GROWTH AVENUES GROWTH AVEN AVENUES
Slide 8: Strengthening the Model Through the Evolution of Growth Avenues
STRENGTHENING THE MODEL THROUGH THE EVOLUTION OF GROWTH AVENUES 1T26 Advances in new avenues with the potential to generate value and leverage the flow of 40 million monthly customers in stores. In & Out Highly attractive products at competitive prices, offered for a limited time • Expansion into no
Slide 9: Strengthening the Model Through the Evolution of Growth Avenues
STRENGTHENING THE MODEL THROUGH THE EVOLUTION OF GROWTH AVENUES 1T26 Advances in new avenues with the potential to generate value and leverage the flow of 40 million monthly customers in stores. Private Label + 25 Margin expansion and customer loyalty SKUs • Products under the Assaí, Chef, and Econo
Slide 10: ESG
ESG ESG ESG
Slide 11: Advances in ESG
ADVANCES IN ESG 1T26 Commitment to sustainable growth, generating value for society and the environment 4th consecutive year Evolution in the ranking Ethical and Transparent Management in the ISE B3 and unique in the food retail sector. +48% +10% 267 lojas +12% Efficient Operations from stores with
Slide 12: Next Steps...
NEXT STEPS... 1T26 Controlled Expansion Productivity Increase Business Financial Margins Improvement Model Discipline Evolution Continue deleveraging Explore existing structure and trajectory flow to increase revenue and dilute costs and expenses Investments aligned with Digital as a new sales 2026
Slide 13: Q&A
Q&A Para fazer perguntas, clique no ícone Q&A na parte inferior da tela. Escreva seu NOME, EMPRESA e IDIOMA da pergunta a ser feita . Ao ser anunciado, uma solicitação para ativar seu microfone aparecerá na tela e, então, você deve ativar o seu microfone para fazer perguntas . Orientamos que as perg
Slide 14: Thank You
THANK YOU Investor Relations Team ri.assai@assai.com.br / ri.assai.com.br