Magazine Luiza S.a. · BMFBOVESPA:MGLU3
Magazine Luiza — Q1 2026 Earnings Presentation
26 slides from Magazine Luiza's earnings presentation, May 8, 2026
Slide 1: Conference Call 1Q26
Conference Call 1Q26 May 08, 2026
Slide 2: Simultaneous translation and download information
Esta teleconferência possui tradução simultânea. Para acessar, basta clicar no botão Interpretação através do ícone do globo na parte inferior da tela. O Release de Resultados e a Apresentação, versões português e inglês, estão disponíveis para download no site de RI: ri.magazineluiza.com.br A apres
Slide 3: Commitment to Profitability
Commitment to Profitability: Preserved margins and consistent operational and financial discipline reinforce Magalu's solidity in 1Q26. Gross margin Adjusted EBITDA Total cash 30.8% R$ 718 Mi R$ 6.2 Bi +0.2 p.p. vs 1Q25 7.8% margin in 1Q26 Net Cash of R$1.2 bi ● Strong performance of physical ● Strict
Slide 4: Magalu maintains leadership in core categories, R$15 billion in sales in 1Q26
Magalu maintains leadership in its core categories and totals R$15 billion in sales in 1Q26 Physical Stores In durable goods, Magalu's market share remained R$5 Billion SSS of 6,4% vs 1Q25 stable in the quarter E-commerce 1P 3P The online durable goods R$6 Billion R$4 Billion market fell ~10% in 1Q2
Slide 5: Strong market share gains in physical stores, R$5 billion in sales
Magalu continues its trajectory of strong market share gains in physical stores, reaching R$5 billion in sales in 1Q26 Evolution of physical store sales [Billion R$] +8% +8% +6% +7% 6.4% Same-store sales growth in physical stores [1Q26 - 1Q25] 5.2 4.9 4.6 4.2 3.9 Strong market share gain 1Q22 1Q23 1
Slide 6: All brands in our ecosystem delivered solid results this quarter
All brands in our ecosystem delivered solid results this quarter. Sustainable category diversification. Leader in technology Leader in online sports 2nd in online beauty Brazil’s largest book and gaming retail retail e-commerce R$ 17M Net Income in R$ 17M Net Income in 1Q26 R$ 0.6M Net Income in Gros
Slide 7: Increasingly contributing to diversification of ecosystem revenue and results
Increasingly contributing to the diversification of the ecosystem's revenue and results. Conversion Rate Overall ROAS +39% +43% vs 1Q25 vs 1Q25 Revenue from the Lu Multichannel Ads Available spaces on do Magalu vertical e-commerce, Galeria, +20% and across more than vs 1Q25 20k TVs in all stores
Slide 8: Expansion of the external client base for logistics density
Expansion of the external client base, contributing to increase our logistics density Revenue Growth Magalog’s revenue with external clients rose 30% in 1Q26 New Clients in the Quarter
Slide 9: Magalu Cloud: The first Brazilian Cloud with global scale
Magalu Cloud: The first Brazilian Cloud with global scale Magalu is positioning itself as the single Growth fueled by reduced latency and cost major cloud player in Brazil with high sovereignty potential 1,500 External clients Magalu Cloud is the #1 national player in Cloud services ~50% Integrated A
Slide 10: Financial Highlights
Financial Highlights
Slide 11: Financial Highlights of 1Q26
Financial Highlights of 1Q26 R$15.2 Billion in Total Sales R$718 Million Adjusted EBITDA (7.8% of margin) 6.9% Physical Stores Sales Growth (6.4% in same-stores sales) R$(34) Million Adjusted Net Result 30.8% Gross Margin (30.6% in 1Q26) R$6.2 Billion Total Cash (R$1.2 bi Adjusted Net Cash)
Slide 12: Quarterly EBITDA margin evolution
Quarterly EBITDA margin evolution: rigorous financial and operational discipline reflected in the consistency of our margins. Adjusted EBITDA [% of Net Revenue; Million R$] Key Levers Increase in merchandise margin 759 718 Market share gain and profitability in 8.1% 8.0% 7.9% 7.8% 7.8% physical stores
Slide 13: Evolution of adjusted EBITDA margin
Evolution of adjusted EBITDA margin Higher interest income from CDC/BNPL, recognized within the merchandise gross margin, which offset the increase in loan loss provisions 0.2% 0.1% 0.0% 0.0% 0.5% 30.8% 30.6% 7,1% 8.1% 7,3% 7.8% 23.3% 23.7% 1Q25 1Q26 Service Merchandise contribution to Total Gross G
Slide 14: Working capital improvement mitigating effect of interest rates on financial expenses
Working capital improvement mitigating the effect of interest rates on financial expenses Adjusted Working Capital (Billion R$) Adjusted Net Financial Expenses (Million R$) R$0.6 bi CDI average 13.0% 14.7% 15.0% 15.0% 14.9% 3.9 2.3 1.9 2.0 5.4% 5.1% 6.2% 1.7 5.2% 5.4% 496 572 569 488 488 1Q25 2Q25 3Q
Slide 15: Total Cash Position of R$6.2 billion in Mar/26
Total Cash Position of R$6.2 billion in Mar/26 Operational cash flow generation of R$2.0 billion LTM Cash Flow LTM (Billion R$) Receivables Cash 2.0 6.7 0.4 1.0 6.2 0.8 0.8 0.2 5.0 4.6 1.7 1.6 Adjusted Final Operational Capex and Leasing Interest Net Dividend Adjusted Final Cash Cash Flow Luizacred B
Slide 16: Total cash of R$6.2 billion and adjusted net cash of R$1.2 billion
We ended 1Q26 with a total cash position of R$6.2 billion and an adjusted net cash position of R$1.2 billion. Cash and Debt (Billion R$) Debt Schedule (Billion R$) 6.2 1.2 1.7 Net Cash 1.3 4.6 1.1 5.1 0.7 Gross Debt 0.3 1.6 Final Adjusted Cash 03/31/2026 2026 2027 2028 2029 2030 03/31/2026 Receivabl
Slide 17: Luizacred
Luizacred Delinquency rates remain at historically low levels with consistent profitability R$ 20.4 Bi 5.6 Mi 13% Adjusted Net Profit [R$ million] Credit Portfolio Credit Cards ROE [3% growth vs mar/25] [mar/26] [1Q26 - annualized] Percent of the Portfolio Overdue (%) 271 8.1% 7.5% 7.2% 102 3.0% 2.8%
Slide 18: MagaluPay: Full regulatory framework to scale financial services
MagaluPay: Full regulatory framework to scale financial services within the Magalu Ecosystem IF IP CDC Portfolio Digital Credit card portfolio in 1Q26 R$1.8bi Account, Sales 1Q26 Acquiring and R$1.7 bi R$20bi Growth of Insurance (+13% vs 1Q25) +18% Over 90% of CDC Net Income 1Q26 origination was Net
Slide 19: MagaluPay SCFI
MagaluPay SCFI One of the strategic pillars in the new cycle is strengthening the financial services lever. Portfolio Evolution Funding & CDBs • Credit portfolio reached • Issuance of the first MagaluPay CDBs R$100 million in 1Q26 (Certificates of Deposit) • Responsible for the origination of • Raised
Slide 20: Magalu's New Strategic Cycle
Curated Boost the 2 4 e-commerce ecosystem with high and scale its service levels – omnichannel a "Brandplace" presence Magalu’s New Strategic Cycle:the value of the Unlocking assets we have built and driving the Artificial Intelligence revolution in Brazilian retail 1 3 5 Redefining Accelerating Stre
Slide 21: Lu's WhatsApp: the most complete shopping experience on AI Commerce
Lu's WhatsApp: the most complete shopping experience on AI Commerce WhatsApp, from search to payment Onboarding Discovery Checkout Post sales 9M Chats in first 6 months 3x WhatsApp da Lu’s conversion rate vs. other channels 85 Human touch – you talk Mmultimodal user Embedded payments Easy purchase tr
Slide 22: You can find EVERYTHING on Lu's WhatsApp! Top-Selling Categories
You can find EVERYTHING on Lu's WhatsApp! Top-Selling Categories 18% 14% 8% 6% 5% 5% Appliances Fragrance Beauty & Sports & Grocery Utilities Leisure Books Home Small Top-Selling Products 1 2 3 4 5 12-Pack Brinox Heineken Pampers World Cup Pressure Brinox Pot Beer Diapers 2026 Sticker Cooker and Pan
Slide 23: Events
Consolidation of our ecosystem, uniting physical and digital in an immersive journey. Gallery in the media +1,100 articles published in the country's main newspapers Social media 1.4k+ posts with a reach of 227 million people 15 million video views at @galeriamagalu YouTube Theater 124 events 18 tho
Slide 24: Filme Manifesto
Filme Manifesto
Slide 25: Relações com Investidores
RELAÇÕES COM INVESTIDORES RI@MAGAZINELUIZA.COM.BR MAGAZINELUIZA.COM.BR/RI As afirmações contidas neste documento relacionadas a perspectivas sobre os negócios, projeções sobre resultados operacionais e financeiros e aquelas relacionadas a perspectivas de crescimento do Magazine Luiza são meramente pro
Slide 26: Ecossistema
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