Sendas Distribuidora Sa · BMFBOVESPA:ASAI3
Sendas Distribuidora Sa — Q2 2026 Earnings Presentation
13 slides from Sendas Distribuidora Sa's earnings presentation, Aug 7, 2026
Slide 1: Earnings Results 2nd Quarter 2026
EARNINGS RESULTS 2nd QUARTER 2026
Slide 2: Market share gains, higher LFL traffic, and stable profitability reinforce Assaí's resilience
MARKET SHARE GAINS, HIGHER LFL TRAFFIC, AND STABLE PROFITABILITY REINFORCE ASSAÍ'S RESILIENCE Leverage declines to 2.37x, reaching its lowest level since 3Q21 Sales Profitability • EBITDA Margin Pre -IFRS 16 5 : 5.6% ( -0.1 p.p.) Gross Revenue : R$21.4 billion (+2.4%) o Gross Margin (+0.4 p.p.): com
Slide 3: Operational evolution sustains profitability
OPERATIONAL EVOLUTION SUSTAINS PROFITABILITY Stable profitability despite a challenging consumer environment GROSS PROFIT SG&A EXPENSES ADJUSTED EBITDA R$ million; Pre-IFRS 16 R$ million; Pre-IFRS 16 R$ million; Pre-IFRS 16 +3.2% +5.1% -0.7% 3,171 3,271 2,124 2,233 1,079 1,071 2Q25 2Q26 2Q25 2Q26 2Q
Slide 4: Lower financial results and 94% growth in recurring net income
LOWER FINANCIAL RESULTS AND 94% GROWTH IN RECURRING NET INCOME NET FINANCIAL RESULT NET INCOME R$ million; Pre-IFRS 16 R$ Million; Pre-IFRS 16 -25.5% 537 +93.6% 565 421 344 177 2Q25 2Q26 2Q25 2Q26 2Q26 (Recurring) (Recurring) 2,97% 2,20% 0,93% 1,79% 2,80% Financial Result over Net Net Margin 1 Reven
Slide 5: Deleveraging process driven by net debt reduction
DELEVERAGING PROCESS DRIVEN BY NET DEBT REDUCTION Cash generation supports leverage reduction to 2.37x in 2Q26 LTM CASH GENERATION FINANCIAL LEVERAGE (R$ billion) Contractual Operating Cash Generation 3.3 -2.15x Covenant : 3.0x Contractual Covenant Ratio in Capex + SLB -0.6 2Q26 1 : 1.27x Free Cash
Slide 6: Cash availability reaches R$7.0 billion in 2Q26
CASH AVAILABILITY REACHES R$7.0 BILLION IN 2Q26 CASH AVAILABILITY (R$ billion) +R$ 1.2Bn (+20.9%) 8.7 7.5 2.8 7.0 5.8 6.0 3.2 2.6 1.4 1.6 1.3 0.7 1.1 2.1 2.0 5,9* 4,5* 4,5* 4.5 4,4* 4,4* 3.7 3.3 2.4 2.5 2Q25 3Q25 4Q25 1Q26 2Q26 Cash (Ex. Discounted Receivables) Discounted Receivables Receivables Not
Slide 7: Sustainability
SUSTAINABILITY EARNINGS RELEASE 2Q26
Slide 8: ESG progress
ESG PROGRESS Committed to sustainable growth, creating value for society and the environment ETHICAL AND 4th Improved TRANSPARENT Consecutive Year in Position in the ranking and the MANAGEMENT the B3 ISE only food retailer included EFFICIENT OPERATIONS PEOPLE AND COMMUNITIES 47% +60.5% +37% 5th 26,8
Slide 9: Growth avenues
GROWTH AVENUES EARNINGS RELEASE 2Q26
Slide 10: Evolution of the business model
EVOLUTION OF THE BUSINESS MODEL Growing customer traffic (40 million/month) driving higher share of wallet Ongoing Initiatives In Progress / Under Evaluation FINANCIAL EV CHARGING WELLNESS PRIVATE LABEL ASSAÍ DIGITAL IN & OUT SERVICES STATIONS Expansion of the Launch of ~30 +237% in sales Highly att
Slide 11: Assaí Farma
Assaí Farma New milestone in the evolution of our business model: First in the sector , launched just 4 months after the legislation ² was approved. In July, we opened the first Assaí Farma store , further strengthening our business model and launching our proprietary e -commerce platform. OUR EXPAN
Slide 12: 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 . Quando seu nome for anunciado, uma solicitação para ativar seu microfone aparecerá na tela; ative -o para fazer suas perguntas . Orientamos que todas as perguntas sej
Slide 13: Thank you
THANK YOU Investor Relations Team ri.assai@assai.com.br / ri.assai.com.br