Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Q1 2026 Earnings Presentation
22 slides from Cencosud Shopping Sa's earnings presentation, May 2026
Slide 1: Earnings Presentation First Quarter 2026
Earnings Presentation First Quarter 2026 Santiago, Chile | May 2026 BCS: BCS: Earnings Presentation CENCOMALLS CENCOMALLS – 1Q26 |1
Slide 2: Table of Contents
Contents Table of Contents 01 02 03 RELEVANT EVENTS RESULTS SUSTAINABILITY Earnings Presentation – 1Q26 |2
Slide 3: Relevant Events 1Q26
SECTION 01 Relevant Events 1Q26 Investment Plan and Key Highlights of the Quarter CENCO MALLS | EARNINGS PRESENTATION — 1Q26 Earnings Presentation – 1Q26 |3
Slide 4: Investment Plan Key Progress — Chile
1.1 · RELEVANT EVENTS Investment Plan Key Progress — Chile CENCO COSTANERA Official Opening of QINTO • Country’s largest food hub: over 30,000 sqm dedicated to dining and experiences. • 58 restaurants at QINTO, complemented by a food court, consolidating a comprehensive and differentiated offering.
Slide 5: Investment Plan Key Progress — Chile
1.2 · RELEVANT EVENTS Investment Plan Key Progress — Chile CENCO FLORIDA CENCO FLORIDA CENCO FLORIDA Construction Starts — Parque New Food Hub — Mirador IMIV (traffic impact study) Cenco Florida Florida Approval — Multifamily Florida • Formal construction began at Parque • 9 stores across over 3,600
Slide 6: Investment Plan Key Progress — Chile
1.3 · RELEVANT EVENTS Investment Plan Key Progress — Chile CENCO RANCAGUA Environmental Qualification Resolution • Cenco Rancagua obtained a favorable Environmental Qualification Resolution (RCA), reaching a key regulatory milestone ahead of the start of construction for its expansion. • The expansi
Slide 7: Investment Plan Key Progress — Peru and Colombia
1.4 · RELEVANT EVENTS Investment Plan Key Progress — Peru and Colombia ★ KEY MILESTONE — M&A in COLOMBIA Plaza Central (Bogotá) — Acquisition of 51% stake Cenco Malls announced through a Material Event the acquisition of a 51% stake in Plaza Central, a shopping center with 76,000 sqm of GLA located
Slide 8: Quarterly Highlights
1.5 · RELEVANT EVENTS Quarterly Highlights ENTERTAINMENT & BRAND Lollapalooza 2026 — Official Presenter Attendance exceeded 210,000, up 35% versus the previous edition. Customers accessed a 20% ticket discount through the Cenco Malls app. Cenco Malls ranked second in brand awareness at the festival.
Slide 9: 1Q26 Results
SECTION 02 1Q26 Results Financial and Operational Performance — First Quarter 2026 CENCO MALLS | EARNINGS PRESENTATION — 1Q26 Earnings Presentation – 1Q26 |9
Slide 10: Revenue and Adjusted EBITDA Growth Driven by Fixed Rent Improvement
2.1 · RESULTS Revenue and Adjusted EBITDA Growth Driven by Fixed Rent Improvement Revenues: CLP 94,592 MM (+4.8% YoY) — New leasable areas across the three countries and higher office occupancy Consolidated Revenues Adjusted EBITDA +4.8% +3.7% 90,273 94,592 81,375 84,367 1T25 1T26 1T25 1T26 ▲ Increa
Slide 11: Executive Summary — Key Figures 1Q26
2.2 · RESULTS Executive Summary — Key Figures 1Q26 Distributable Net Income grows +13.6% YoY, driven by improvements in both operating and non-operating results. CLP millions 1Q26 1Q25 Δ% FFO Revenues 94,592 90,273 4.8% 62,567 -0.1% CLP millions Adjusted EBITDA 84,367 81,375 3.7% Adjusted EBITDA Mar
Slide 12: Revenue Breakdown 1Q26
2.3 · RESULTS Revenue Breakdown 1Q26 Fixed rent represents ~77% of revenues — stable structure with ~67% of contracts expiring beyond 5 years 7.5% Contract Duration (in years) 66.7% 15.3% Fixed Rent 15.3% Variable Rent Other 7.1% 6.8% 77.2% 4.1% ~ 67% 9.0 years Of contracts expiring Average contract
Slide 13: Performance by Geography — Chile
2.4 · RESULTS Performance by Geography — Chile Chile: revenues +4.4% YoY driven by new tenants in recently delivered projects and higher office occupancy YoY CONSOLIDATED REVENUES — CHILE 1Q26 (CLP millions) +4.4% Revenues: ▲ New tenants at Cenco Costanera (QINTO), Cenco Florida (Mirador Florida, Me
Slide 14: Performance by Geography — Peru and Colombia
2.5 · RESULTS Performance by Geography — Peru and Colombia Revenues in Peru and Colombia growing +17.6% and +11.9% YoY, respectively — both markets accelerating, driven by the ramp-up of projects delivered in 2025 Peru COLOMBIA Revenues (CLP MM) Revenues (CLP MM) +17.6% +11.9% 2,292 1,496 Adjusted E
Slide 15: Operational Data — SSS, SSR and Occupancy Cost
2.6 · RESULTS Operational Data — SSS, SSR and Occupancy Cost SSR Chile reflects the impact of lower sales in the quarter; Peru and Colombia show solid improvement in SSS. Same Store Sales Same Store Rent SSS (in local currency) SSR (in local currency) Occupancy Cost 1Q25 1Q26 Chile Chile 8.7% 9.1% 8
Slide 16: Operational Data — Occupancy Rate, Visits and Tenant Sales
2.7 · RESULTS Operational Data — Occupancy Rate, Visits and Tenant Sales Consolidated visits +5.1% YoY: Peru and Colombia with double-digit growth and Chile advances +4.3% Chile Peru Colombia Consolidated Occupancy Rate (occupied sqm / total sqm) 98.7% 82.2% 85.0% 97.0% -24 bps -832 bps -698 bps -12
Slide 17: Strong Cash Position with Operating Cash Flow Covering Capex
2.8 · RESULTS Strong Cash Position with Operating Cash Flow Covering Capex Operating cash generation of CLP 82,582 million covers the quarter's Capex and brings the cash position to CLP 98,897 million +123.0% 24,724 1,876 98,897 1,944 503 82,582 44,355 Cash Position Operating CAPEX Interest Lease Ot
Slide 18: Capital Structure — solid debt profile, contained leverage
2.9 · RESULTS Capital Structure — solid debt profile, contained leverage DEBT D E B T M A T U R I T Y P R O F I L E ( U F M M ) ( 3) Gross Financial Debt 765,276 CLP MM 1Q26 Debt DEBT 10.0 Net Financial Debt 666,379 CLP New Bond Issuance MM COST Average cost of debt 1.54 % annual in UF MATURITY Aver
Slide 19: Sustainability Progress
SECTION 03 Sustainability Progress In line with our sustainability pillar, we present the most relevant advances CENCO MALLS | EARNINGS PRESENTATION — 1Q26 Earnings Presentation – 1Q26 | 19
Slide 20: Sustainability Progress
3.1 · SUSTAINABILITY PROGRESS Sustainability Progress PEOPLE Vaccination Plan 2026 — Healthy Culture Through a public-private partnership with municipalities, over 14,800 people received free Influenza and SARS-CoV-2 vaccines at seven of the Company's centers, reinforcing the role of these assets as
Slide 21: Important Information
· DISCLAIMER Important Information The information contained in this presentation has Cenco Malls, its affiliates, directors, partners, and been prepared by Cencosud Shopping S.A. ("Cenco employees disclaim any and all liability for any loss Malls") for informational purposes only. It should not or
Slide 22: Earnings Presentation – 1Q26
Earnings Presentation – 1Q26 | 22
Cencosud Shopping S.A. (Cenco Malls) — Q1 2026 Earnings Presentation on 6ix