Slide 1: PriceSmart, Inc. Overview Presentation
2026 PriceSmart, Inc. Overview Presentation Issued: July 2026 NASDAQ : PSMT 1
Slide 2: Forward Looking Statements
6 Forward Looking Statements This presentation may contain forward-looking statements concerning PriceSmart, Inc.'s ("PriceSmart", the "Company" or "we") anticipated future revenues and earnings, adequacy of future cash flows, digital and technological initiatives, proposed warehouse club and distri
Slide 3: Business Overview
zt PriceSmart Business Overview
Slide 4: Our Origins
Our Origins FOUNDED FOUNDED FedMart 1954 1993 Founded in San Diego, California in 1954 Price Club and Costco Merger in 1993 Founders: Sol Price and local investors • Merger created the second largest membership Founding Principles: Duty to our Customers warehouse chain. • Customers come first • 195
Slide 5: Our History
Our History 1996 1997 1999 2011 2013 2017 2019 2020 2021 2022 th 2023 2024 2025 2026 First location PriceSmart Expansion PriceSmart 1 Million PriceSmart Launch of •Launch of •Addition of •Opening of 50 •Release of •Opening of •Opening of •Appointment of David th in Panama listed on into enters Price
Slide 6: Our Culture
Our Culture Values Integrity Excellence Community • We do what’s right – • We set high • We care for the always. We act with standards and people and places honesty, transparency, continuously we serve. We build and fairness in every improve. From our trust with our decision and clubs to our supply
Slide 7: Mission & Purpose
Mission & Purpose Our Mission To provide all Members an outstanding shopping experience with high quality, exciting merchandise and services at the lowest possible prices. Our Purpose To improve the lives and businesses of our Members, employees and communities through the responsible delivery of th
Slide 8: Warehouse Club Membership Model
Warehouse Club Membership Model Low Prices: Offering Private Label, National, Limited SKUs (Stock Keeping Unit): the lowest possible selling and International Brands: We offer Helping keep the guesswork out price is the foundation our Members low prices on a limited of item selection by only stockin
Slide 9: The Six Rights Value Proposition
The Six Rights Value Proposition The Right Merchandise and Quantity Curated and Limited SKU Selection Large Pack Sizes The Right Treasure Hunt Experiences and Roadshow Events Merchandise The Right Place The Right Place and Condition Rigorous Product Standards The Right Efficient Distribution to Keep S
Slide 10: Our Club Locations
Our Club Locations PriceSmart operates 57 warehouse clubs in emerging and developing markets that reach 12 countries and one U.S. territory. Our first warehouse club in Chile is anticipated to open in the spring of 2027 in the Mallplaza Los Dominicos shopping center and we have entered into executor
Slide 11: Club Locations by Country
Club Locations by Country Guatemala Nicaragua Colombia U.S. Virgin Islands • Miraflores • Managua • Barranquilla • Masaya • St. Thomas • Pradera • Cañasgordas • Fraijanes Costa Rica • Menga Barbados • San Cristobal • Pereira • Guatemala City • Zapote • Bogota • Escazú • St. Michael • Escuintla • Med
Slide 12: Distribution Network
Distribution Network Florida ** Costa Rica Panama Global Distribution Center Regional Distribution Center In-Country Distribution Center Cold Distribution Center — Relocation Produce Distribution Center expected to be completed in fiscal year 2027*** El Salvador Honduras Guatemala 3PL Distribution C
Slide 13: Growth Plan
Growth Plan • Invest in Adding New • Increase Membership • Drive Incremental Sales PriceSmart Locations, Value via PriceSmart.com and Expanding into New Enhanced Digital and Markets, Remodeling Technological Current PriceSmart Capabilities Clubs and Opening More Distribution Centers 13
Slide 14: Recent Openings
Recent Openings May 2023 September 2023 October 2023 November 2023 February 2024 San Miguel El Poblado (Medellín) Panama Escuintla Santa Ana 3rd Club in El 10th Club in Colombia In-country 6th Club in Guatemala 4th Club in El Salvador Salvador Distribution Center April 2025 August 2025 February 2026
Slide 15: Real Estate Growth (Expected Openings)
Real Estate Growth (Expected Openings) 15
Slide 16: Enhanced Membership Value
Enhanced Membership Value Member Wellness Offerings: Pharmacy, Optical, and Audiology. Our popular Member’s Selection Product Line- up keeps expanding! 26.7% Private Label Penetration of Total Net Merchandise Sales* *For the nine-month period ended 05/31/2026 16
Slide 17: Omni-Channel Platform
Omni-Channel Platform Proudly rated 4.8 stars on the UberEats App as of May 31, 2026. Clubs Social Media Mobile Web • Onboard/Renew • Growing multi-channel • PriceSmart App (easy • Home delivery! Membership online. personalized access to product offers, • Ongoing enhancement of • Omni-channel Member
Slide 18: Wellness Offerings
Wellness Offerings Pharmacy Optical Audiology • Pharmacy services in 22 of our clubs • Optical services in 54 of our clubs • Audiology services in 24 of our clubs • Medications for our Members at the • Four free eye exams included with • Four free evaluations with each lowest possible price membersh
Slide 19: Business Services
Business Services At our B2B (Business Service) department, our main goal is to understand the specific needs of our business Members so that we can provide comprehensive product and service solutions that drive their success in the market. We are dedicated to establishing solid, trustworthy relatio
Slide 20: Sustainability
Sustainability Environmental and Social Our Environmental Initiatives Our Social Impacts Sustainable facilities focused on reducing and minimizing Driving principle and philosophy focusing on our employees: PriceSmart’s environmental impact: • Employee Healthcare • Solar Panels • PriceSmart Foundati
Slide 21: Sustainability: Social
Sustainability Social Continued focus on Philanthropy We partner with the PriceSmart foundation to seek to support and strengthen our communities by investing in youth development, economic opportunity, and community and environmental resilience. 21
Slide 22: Financials
zt PriceSmart Financials
Slide 23: Q3 FY26 Financial Highlights
Q3 FY26 Financial Highlights $1.45 Billion 8.5% 6.9% $25.7 Million Net Net Merchandise Omni-Channel Membership Merchandise Sales Sales – Constant Sales Penetration Income ↑ 12.5% Currency Growth* of Total Net ↑ 17.6% Merchandise Sales $1.48 Billion $65.6 Million $39.7 Million $1.28 $90.4M Total Reve
Slide 24: FY26 YTD Financial Highlights
FY26 YTD Financial Highlights $4.27 Billion 8.6% 6.6% $73.6 Million Net Net Merchandise Omni-Channel Membership Merchandise Sales Sales – Constant Sales Penetration Income ↑ 11.0% Currency Growth* of Total Net ↑ 16.9% Merchandise Sales $4.36 Billion $204.0 Million $128.9 Million $4.18 $277.0M Total
Slide 25: Strong Sales
Strong Sales Net Merchandise Sales (“NMS”) ($ in Billions) $5.2 $5.6 $4.3 $4.8 Comparable Club Sales Growth $3.9 Comparable NMS – % Impact of Period Comparable NMS Constant Currency Growth Foreign Currency Growth Exchange 9 months YTD 8.8% 6.4% 2.4% FY26 FY22 FY23 FY24 FY25 TTM FY25 6.7% 7.5% (0.8)%
Slide 26: Consistent and Reliable Membership Income
Consistent and Reliable Membership Income Membership Renewal Rate & Membership Fee Income Membership Accounts & Average Fee Membership Accounts CAGR 4.5%* Membership Income CAGR 12.1% Membership Fee Period TTM Renewal Rate Members (M) Period Income ($M) Average Fee ($) Q3 FY26 90.5% 2.14M TTM 05/31/
Slide 27: Investing in Membership Experience
Investing in Membership Experience Platinum Members Platinum Penetration Platinum CAGR 40%* 455,325 21.3% 360,605 17.9% 233,148 12.3% 160,913 8.9% 131,316 7.4% 8/31/2022 8/31/2023 8/31/2024 8/31/2025 5/31/2026 8/31/2022 8/31/2023 8/31/2024 8/31/2025 5/31/2026 * FY22 – FY25 CAGR 27
Slide 28: Margins, Operating Income & Earnings per diluted share
Margins, Operating Income & Earnings per diluted share Operating Income as a % Period Total Revenue ($B) Revenue Margin % (1) of Revenue TTM 05/31/2026 $5.7B 17.2% 4.5% FY25 $5.3B 17.4% 4.4% FY24 $4.9B 17.2% 4.5% FY23(2) $4.4B 17.2% 4.2% FY22 $4.1B 16.8% 4.1% (1) Defined as net merchandise sales, 3r
Slide 29: Capital Expenditures
Capital Expenditures Maintenance and Growth CapEx ($ Millions) $119.5 $81.1 $82.1 $76.0 TTM 05/31/2026 FY25 Total Growth CapEx⁽¹⁾ Total Maintenance CapEx⁽²⁾ (1) Total growth expenditures for new clubs, purchases of previously leased clubs, investments to move existing clubs to better locations, supp
Slide 30: Strong Financial Metrics
Strong Financial Metrics (Amounts in $000s, except Number of Warehouse Clubs) YTD Q3 FY26 FY 2025 FY 2024 FY 2023 FY 2022 Amounts Held by Foreign Subsidiaries $199,680 $222,770 $121,580 $139,050 $203,952 Amounts Held Domestically 54,942 62,521 14,731 (1) 113,152 47,421 Total Cash & Cash Equiv. (incl
Slide 31: Appendix
3% PriceSmart | Appendix
Slide 32: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Adjusted EBITDA Three Months Ended Nine Months Ended (Amounts in thousands) May 31, 2026 May 31, 2025 May 31, 2026 May 31, 2025 Net income as reported $ 39,691 $ 35,158 $ 128,948 $ 116,346 Adjustments: Interest expense 3,850 2,762 12,229 7,995 Provision for income ta
Slide 33: GAAP to Non-GAAP Reconciliations (Continued)
GAAP to Non-GAAP Reconciliations (Continued) Adjusted Net Income Per Diluted Share Nine Months Ended Years Ended May 31, 2026 August 31, 2025 August 31, 2024 August 31, 2023 August 31, 2022 Net income attributable to PriceSmart per diluted share $ 4.18 $ 4.82 $ 4.57 $ 3.50 $ 3.38 Separation costs as
Slide 34: GAAP to Non-GAAP Reconciliations (Continued)
GAAP to Non-GAAP Reconciliations (Continued) Net Merchandise Sales and Net Merchandise Sales - Constant Currency Reconciliation Net Merchandise Sales – Constant (Amounts in millions) Net Merchandise Sales Currency Impact of Foreign Currency Exchange TTM 05/31/2026 $ 5,574 $ 5,480 94 FY25 5,151 5,188
Slide 35: Investor Relations
Investor Relations Investor Relations Contact ir@pricesmart.com 858-404-8826 35