Iguatemi Sa · BMFBOVESPA:IGTI3
Iguatemi Sa — Q1 2026 Earnings Presentation
13 slides from Iguatemi Sa's earnings presentation
Slide 1: Conference Call 1Q26
Shopping RIOSUL CONFERENCE CALL 1Q26 1
Slide 2: Agenda
Agenda 1. Quarter Highlights 2. Operational and Financial Performance 2
Slide 3: Expansion and portfolio qualification drives sales in 1Q26
EXPANSION AND PORTFOLIO QUALIFICATION DRIVES SALES IN 1Q26 Total sales in 1Q's (R$ billions) Total sales per sqm (R$ thousands) +12.8% +7.3% 5.7 8.2 7.7 5.0 6.9 4.3 6.2 3.9 3,34 1Q22 1Q23 1Q24 1Q25 1Q26 1Q23 1Q24 1Q25 1Q26 3
Slide 4: Rent advances above inflation and maintains room for repricing
RENT ADVANCES ABOVE INFLATION AND MAINTAINS ROOM FOR REPRICING Real SAR Growth and Rent/sqm - Malls Occupancy cost evolution (% of sales) +8.8% 13.2% 8.8% 667 +4.6 p.p. 613 12.5% +0.1 p.p. 6.7% 11.8% 11.9% 6.0% 2.1% IGPM SSR SAR Growth Rent/sqm Rent/sqm 1Q23 1Q24 1Q25 1Q26 readjustment 1Q26 1Q26 ren
Slide 5: Occupancy rate ends 1Q26 at 97.3%, reflecting strong demand
OCCUPANCY RATE ENDS 1Q26 AT 97.3%, REFLECTING STRONG DEMAND FOR SPACE ACROSS PORTFOLIO ASSETS JK Iguatemi was chosen by Bvlgari as the only permanent High Jewelry destination of the Maison in Latin America Occupancy rate evolution (% GLA) 97.3% 96.6% 96.7% 96.4% 96.1% Bvlgari Event – JK Apartment Bv
Slide 6: Inauguration of H&M in Riosul and Iguatemi Esplanada
INAUGURATION OF H&M IN RIOSUL AND IGUATEMI ESPLANADA Inauguration in Rio Sul (04/25) and Iguatemi Esplanada (04/30) H&M Inauguration – Shopping RIOSUL H&M Inauguration – Shopping Iguatemi Esplanada 6
Slide 7: Capital recycling enhances portfolio quality and creates shareholder value
CAPITAL RECYCLING ENHANCES THE PORTFOLIO QUALITY AND CREATES SHAREHOLDER VALUE MOVEMENTS IN THE PORTFOLIO o DIVESTMENT: Sales in Shopping Malls/sqm Shopping Malls Rentals/sqm LTM Vision – 1Q26 o In March, the Company concluded the sale to XP Malls of minority interests in four assets in the portfoli
Slide 8: Iguatemi – Experiences, Culture and ESG Commitment
IGUATEMI – EXPERIENCES, CULTURE AND ESG COMMITMENT BELMOND EVENTS ESG REFERENCE Event of the global luxury hotel chain, Belmond, o Arq.Futuro: 3rd edition of the forum held at o Iguatemi advanced on the ESG agenda in at Casa Higienópolis with immersive activations Teatro Iguatemi Campinas with inter
Slide 9: Agenda
Agenda 1. Quarter Highlights 2. Operational and Financial Performance 9
Slide 10: Main Operational Indicators
MAIN OPERATIONAL INDICATORS Operational Indicators 1Q26 1Q25 Var. % Average Total GLA (m²) 789,835 751,052 5.2% Final Owned GLA (m²) 449,675 479,246 -6.2% Average Owned GLA (m²) 449,675 479,246 -6.2% GLA Total Average Shopping Mall (m²) 736,325 697,542 5.6% Average Owned GLA Shopping Mall (m²) 423,1
Slide 11: Economic and Financial Performance
ECONOMIC AND FINANCIAL PERFORMANCE Financial Indicators - Management 1Q26 1Q25 Var. % Net Revenue (BRL thousand) 361,028 315,425 14.5% EBITDA (BRL thousand) 402,724 233,076 72.8% EBITDA Margin 111.5% 73.9% 37.6 p.p. Net Profit (BRL thousand) 237,587 107,422 121.2% Net Margin 65.8% 34.1% 31.8 p.p. FF
Slide 12: Indebtedness and Liability Management
INDEBTEDNESS AND LIABLITY MANAGEMENT Debt Amortization Schedule Cash Bonds Real Estate Receivables Certificate (CRI) Others 2,033 coverage 759 648 662 118 150 420 436 2,033 712 309 277 443 426 318 367 229 150 200 16 73 49 49 39 229 12 37 65 86 86 86 86 69 46 12 37 12 37 2 37 Current cash 2026 2027 2
Slide 13: Contact
Contact Ciro Neto CEO Guido Oliveira CFO and IR Officer +55 11 3137-7134/ 7037 Marcos Souza IR Director ri@Iguatemi.com.br https://ri.Iguatemi.com.br/ Victor Barbosa IR Manager Victor Conceição IR Analyst Ana Beatriz Lima IR Analyst Considerations regarding the business prospects, estimates of opera