Pesorama Inc · TSXV:PESO
Pesorama — Investor Presentation (September 2026)
29 slides from Pesorama's investor presentation, September 2026
Slide 1: Mexico's Premier Dollar Store
Mexico’s Premier Dollar Store Affordable quality, delivered with a smile. PesoRama has something for everyone. INVESTOR PRESENTATION | September 2026 | TSX.V: PESO | OTCQX: PSSOF | FSE: ZE6 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements that involve a number of risks and uncertainties, including statements that relate to among other things, PesoRama Inc. (the “Corporation” or “PESO”) strategies, intentions, plans, beliefs, expectations and estimates, in connection wit
Slide 3: JOi's Evolution
JOi’s Evolution Watch Our Video! JOI Video JOi Dollar Plus offers an unmatched value proposition in the Mexican market. Discounted general merchandise and everyday high-quality staples at affordable prices, cater to a wide array of client segments. TSX.V: PESO | OTCQX: PSSOF | FSE: ZE6 3
Slide 4: A Mexico-Focused Growth-Oriented Value Retailer
A Mexico-Focused Growth-Oriented Value Retailer A capital-efficient value retailer scaling into Mexico’s underpenetrated and fastest-growing retail format Established banner since 2019, concentrated in Mexico City 49 C$32.3M Retail locations in Mexico1 LTM revenue Q2’27 Following a proven dollar sto
Slide 5: Management Team
Management Team Operators who have already built and scaled retail networks in Mexico & Latin America Rahim Eduardo Rodrigo Yolanda Montserrat Bhaloo Fernandez Castañón Lambrey Rodríguez FOUNDER, CEO & CHIEF FINANCIAL CHIEF OPERATING VICE PRESIDENT SUPPLY CHAIN EXEC. CHAIRMAN OFFICER OFFICER MERCHAN
Slide 6: Board of Directors
Board of Directors Retail operating experience paired with capital markets and governance depth Rahim Antonio Andrew Paul Bhaloo Heredia Parks Pathak FOUNDER, CEO & DIRECTOR DIRECTOR DIRECTOR EXEC. CHAIRMAN Built and exited a Founder and Partner, 19+ years in capital markets Partner at Chitiz retire
Slide 7: Mexican Dollar Stores Are Materially Underpenetrated Versus Mature Markets
Mexican Dollar Stores Are Materially Underpenetrated Versus Mature Markets The United States and Canada represent mature markets, while Mexico is only just starting STORES PER MILLION PEOPLE United States POPULATION DOLLAR STORES 349M ~39,000 112 MATURE 1 dollar store per ~9,000 people STORES PER MI
Slide 8: Tier-1 Players Are Expanding Into Mexico & LATAM Given Growth Potential
Tier-1 Players Are Expanding Into Mexico & LATAM Given Growth Potential Dollar Store Presence in Mexico Value Retail Banners in Mexico # of stores Entered in 20191 49 Discount Grocery & Value-Retail Landscape4 Total Locations Entered in 2025 Entered in 2023 Discount Stores 12,000+ 21 17 Large Dollar
Slide 9: A Proven Dollar Store Playbook In Terms of Format, Design & Brand-Building
A Proven Dollar Store Playbook In Terms of Format, Design & Brand-Building One format, one price architecture, one operating playbook — repeated store to store One Repeatable Format Standardized ~5,000 sq ft store — the same fixture package, adjacency plan and checkout layout in every location 80% o
Slide 10: Focused Within Mexico's Largest Population Centre
States served Greater Mexico City (ZMVM) Focused Within Mexico’s JOi store Distribution centre Largest Population Centre Footprint within Mexico 38 million people within one day's delivery of our distribution centre 49 Stores QUERÉTARO HIDALGO Focused inside and around the metro core Greater Mexico
Slide 11: A Diversified Product and Brand Mix
A Diversified Product and Brand Mix 80% of products are priced MXN$50 (~C$4) or less and >50% of sales are of our private label brands Electronics Décor Cleaning Products Brand Mix1 Home Hardware Housewares Kitchenware Private label 58% Beverage Household Confectionery National brands 42% Consumable
Slide 12: A Robust & Growing Portfolio of In-House Private Label Brands
A Robust & Growing Portfolio of In-House Private Label Brands HOME HOME HOME Housewares and Hardware and Décor and household products electronics lifestyle 27 Private Label Brands 100% category coverage CONSUMABLES CONSUMABLES VARIETY Grocery, snacks and Pet supplies Stationery and crafts beverage H
Slide 13: Effective Direct Sourcing Network
Effective Direct Sourcing Network Disciplined direct sourcing and data-led decisions drive our product and merchandising strategy o Material expansion and strengthening of our direct supplier relationships over the past two years o Sourcing direct from the suppliers that service the market leaders g
Slide 14: Supply Chain Built to Scale
Supply Chain Built to Scale A single centrally located distribution centre serves the entire store network within one day Integrated container logistics and supply chain services — door-to-door to more than 180,000 cities worldwide ○ Third-party logistics partnership with Maersk A leading global log
Slide 15: Alliance with Mexican Retail Conglomerate
Supply Chain Built to Scale Alliance with Mexican Retail Conglomerate One of Mexico’s largest retail conglomerates, the Coppel Group, is a shareholder in PesoRama ~1,900 Retail + credit Shareholder Coppel department stores Department stores and Shareholder in PesoRama in Mexico consumer finance unde
Slide 16: Growth Is Accelerating With Scaling Constraints Now Addressed
Growth Is Accelerating With Scaling Constraints Now Addressed The Beginning Fixing Constraints Scaling • Format launched in Mexico City • Company faced a number of growth constraints – • Store opening acceleration working capital, lack of product and category depth, • TSXV IPO in Q1 2022 • High-inte
Slide 17: Low Capital Intensity Driving Profitable Network Growth
Low Capital Intensity Driving Profitable Network Growth Proven at the four-wall level; now scaling our network and store count JOI DOLLAR PLUS STORE MODEL ~5,000 sq ft C$1.3M ~$260 46% ~15% Average new store Average sales per Avg. sales per Product Gross Four-wall EBITDA size store square foot margi
Slide 18: Improving Store Economics As Brand Platform Improves
Improving Store Economics As Brand Platform Improves Store Economics Commentary Avg. Monthly Revenue During First Year of Operations1 C$ Thousands o Cohorts continue to ramp post-opening driven by same- $138K store sales growth $114K o Newer cohorts are opening at increasingly higher monthly $86K re
Slide 19: Historical Financials
Historical Financials Annual Store Network Growth (End of Period) Quarterly Store Network Growth (End of Period) # of Stores # of Stores 49 49 42 42 35 31 31 28 28 26 25 23 21 1 Q1 Q2 Q3 Q4 Q1 Q2 Today FY23 FY24 FY25 FY26 Q2'27 Today 1 FY2026 FY2027 Annual Revenue Annual Product Gross Profit & Produ
Slide 20: Increasing Operating Leverage as Scaling Accelerates
Increasing Operating Leverage as Scaling Accelerates Annual OPEX and OPEX as a % of Revenue Versus New Store Openings1 • SG&A ratio improved 60% from 60% to 36% of revenue even as 53% opening pace increased 10x 46% 44% 42% • Achieved while 36% opening 14 stores, whose pre-opening costs are absorbed
Slide 21: Disciplined Rollout Program That is Planned, Sited & Staged
Disciplined Rollout Program That is Planned, Sited & Staged FY2027: 18 opened1, 4 signed leases, 8 with executed LOIs PLANNED OPENINGS BY FISCAL QUARTER ACTIVE DEVELOPMENT PIPELINE Q1 FY2027 +4 Q2 FY2027 +7 Q3 FY2027 +10 Q4 FY2027 +9 31 Additional sites under negotiation Feb – Apr 35 stores May – Ju
Slide 22: Store Growth Targets
Store Growth Targets Disciplined rollout program that is planned and sited, with a long-term runway measured in hundreds of stores STORES IN THE NETWORK, FY2025 TO FY2029 COMMITTED THIS YEAR Opened Locations1 61 Named sites with dates: 4 under construction, 4 signed Projected Openings 195 - 205 leas
Slide 23: Case Study: Tiendas 3B
Case Study: Tiendas 3B Mexico’s leading hard-discount grocer Store Count Share Price Performance NYSE Listed 2,772 3,346 3,624 US$ $51.35 2,288 Listed in February 2024 1,892 1,249 1,500 1,096 $19.55 ~460 New Stores Annually FY19 FY20 FY21 FY22 FY23 FY24 FY25 Q2 '26 Average stores opened annually ove
Slide 24: Faster Ramp, Earlier in Its Growth Journey, Stronger Economics
Faster Ramp, Earlier in Its Growth Journey, Stronger Economics Despite TBBB's significantly larger footprint, longer operating history, and established brand equity, PESO is already generating comparable revenue per store at a fraction of the store count Average First-Year Revenue per New Store C$ M
Slide 25: Case Study: Dollarama's Purchase of Dollarcity
Case Study: Dollarama’s Purchase of Dollarcity A proven LatAm dollar-store platform 5-Year Increase in Dollarcity Equity Value Value Drivers +10.0% for C$762M Valuation multiple increase C$7,620M Value Created Store growth 50.1% for C$122M C$7.38B C$244M Mexico expansion 2019 2024 Creation of Mexico
Slide 26: North American Comparable Companies
North American Comparable Companies (in C$ millions, unless per share) Share Market Gross Margin EBITDA EBITDA Margin EBITDA Growth TEV / EBITDA P/E Company ' Price ' Cap. ' TEV ' CY26E ' CY27E CY26E ' CY27E CY26E ' CY27E 26E/25A ' 27E/26E CY26E ' CY27E CY26E ' CY27E Dollar General $170.94 37,711 57
Slide 27: Capitalization
Capitalization Capitalization Table LTM Share Price Performance C$ Millions C$ $0.80 $0.57 (C$ millions, except per share amounts) C$ $0.60 Share Price (18-Sep-26) $0.57 $0.40 $0.24 $0.20 Basic Shares Outstanding 217 - Dilutive Securities1 41 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26 Total Shares Outstandi
Slide 28: Investment Highlights
Investment Highlights 1 Large, Underpenetrated Market in Mexico’s Fastest Growing Retail Segment ~C$25B ~C$25B addressable market in country with less than 100 stores currently addressable market Infrastructure Built To Scale 38M 2 people in 1 day Single distribution centre with bonded warehouse and
Slide 29: Contact Us
Contact Us Expand with PesoRama Come on this journey with us. Rahim Bhaloo Founder, CEO & Chairman E: rahim@rahimbhaloo.com C: +1 (416) 816 – 3291 Eduardo Fernandez Chief Financial Officer E: eduardo.fernandez@joi.mx C: +52 (33) 1862 – 7856 TSX.V: PESO | OTCQX: PSSOF | FSE: ZE6 29