Slide 1: PriceSmart, Inc. Overview Presentation
2025 PriceSmart, Inc. Overview Presentation Issued October 2025 NASDAQ : PSMT 1
Slide 2: Forward Looking Statements Non-GAAP Financial Measures
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, omni-channel initiatives, proposed warehouse club openings, the Company's p
Slide 3: Business Overview
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Slide 4: Our Origins
Our Origins FOUNDED FedMart 1954 FOUNDED Founded in San Diego, California in 1954 Founders: Sol Price and local investors 1993 Founding Principles: Duty to our Customers Price Club and Costco Merger in 1993 • Customers come first • Merger created the second largest • Sell only quality merchandise me
Slide 5: Our History
Our History 1996 1997 1999 2008 2011 2012 2013 2017 2019 2020 2021 2022 th 2023 st 2024 nd 2025 2026 First location PriceSmart Expansion PriceSmart PriceSmart PriceSmart 1 Million PriceSmart Launch of •Launch of •Addition of •Opening of 50 •Opening of 51 •Opening of 52 •Opening of •Appointment of th
Slide 6: Our Culture
6 Our Culture Values Integrity • We do what’s right – always. We act with honesty, transparency, and fairness in every decision and relationship. Excellence • We set high standards and continuously improve. From our clubs to our supply chain, we strive to deliver quality, value, and performance in e
Slide 7: Our Mission
Our Mission PriceSmart's mission is to provide all Members an outstanding shopping experience with high quality, exciting merchandise and services at the lowest possible prices. 7
Slide 8: Our Purpose
Our Purpose PriceSmart’s purpose is to improve the lives and businesses of our Members, our employees and our communities through the responsible delivery of the best quality goods and services at the lowest possible prices. We aim to serve as a model company, which operates profitably and provides
Slide 9: Our Warehouse Club Membership Model
Our Warehouse Club Membership Model Low Prices: Offering the lowest possible selling price Treasure Hunt: Clubs occasionally feature unique is the foundation of our warehouse club. items categorized as “special purchases” due to their limited availability in inventory. These items are Limited SKUs (
Slide 10: Our Six Rights Value Proposition
Our Six Rights Value Proposition Squeeze Out Inefficiencies Limited SKU Selection The Right Merchandise Efficient Distribution with Regional and In-country The Right Distribution Centers Time Low Margins to Pass Savings onto Members Leverage Volume Buying The Right Reinvest in Membership Value Price T
Slide 11: Our Club Locations
Our Club Locations PriceSmart operates 56 warehouse clubs in emerging and developing markets that reach 12 countries and one U.S. territory. * We have announced Chile as a new market for multiple PriceSmart warehouse clubs. Central America Caribbean South America • Guatemala • Jamaica • Colombia • H
Slide 12: Our Club Locations
Our Club Locations Guatemala Nicaragua Colombia U.S. Virgin Islands • Miraflores • Managua • Barranquilla • St. Thomas • Pradera • Masaya • Cañasgordas • Fraijanes Costa Rica • Menga Barbados • San Cristobal • Pereira • Guatemala City • Zapote • Bogota • St. Michael • Escuintla • Escazú • Medellín •
Slide 13: Our Distribution Network
During the twelve months of fiscal year 2025: Our Distribution Network 80.1% of net merchandise sales were in currencies other than the U.S. dollar. Out of those sales, 49.0% consisted of imported merchandise that we purchased in U.S. dollars. * Distribution centers run by a third party ** Curre
Slide 14: Our Growth Plan
Our 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 14
Slide 15: Recent Openings
Recent Openings October 2021 November 2021 April 2022 May 2023 September 2023 Guatemala City Floridablanca Portmore San Miguel El Poblado (Medellín) 5th Club in Guatemala 9th Club in Colombia 2nd Club in Jamaica 3rd Club in El 10th Club in Colombia Salvador October 2023 November 2023 February 2024 A
Slide 16: Real Estate Growth (Expected Openings)
Real Estate Growth (Expected Openings) Additionally, we expect our 4th club in Jamaica located on South Camp Road to be open in the fall of 2026. 16
Slide 17: Enhanced Membership Value
Enhanced Membership Value Continued growth of Member Wellness Offerings: Pharmacy, Optical, and Audiology. Our popular Member’s Selection Product Line- up keeps expanding! 28.1% Private Label Penetration of Total Net Merchandise Sales* *For fiscal year 2025 17
Slide 18: Top Member's Selection Items
Top 5 Member’s Selection Items Soft and Strong Toilet Paper Hypoallergenic Baby Wipes Shredded Mozzarella Cheese Biodegradable Power Laundry Purified Water Detergent 18
Slide 19: Omni-Channel Platform
Omni-Channel Platform Proudly rated 4.8 stars on the UberEats App as of August 31, 2025 Onboard/Renew Membership online. Clubs Growing multi-channel personalized communication and Member interaction. Omni-channel Members* spend approximately 2x more than in-club only Members. Order online, pick up a
Slide 20: Wellness Offerings
Wellness Offerings Pharmacy Optical Audiology • Pharmacy services in 22 of our clubs • Optical services in 55 of our clubs • Audiology services in 30 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 21: 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 22: Sustainability
Sustainability 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 Foundation and other Philanthropi
Slide 23: Sustainability
Sustainability 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. 23
Slide 24: Workplace Rankings
Workplace Rankings We are ranked: • PriceSmart in the Top 100 Global Most Loved Workplaces for 2023 by Newsweek's Magazine • 2nd Best Workplace in Colombia within the Retail Sector by job portal Computrabajo • The Most Attractive Companies to Work For 2024: #1 -Retail in Honduras, and Top 5-Retail i
Slide 25: Financials
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Slide 26: Q4 FY25 Financial Highlights
Q4 FY25 Financial Highlights 9.2% 9.1% 6.3% 14.9% Net Merchandise Net Merchandise Sales – Omni-Channel Sales Membership Income Sales Growth Constant Currency Growth* Penetration of Growth $1.30 Billion Total Net Merchandise $22.6 Million Net Merchandise Sales Sales Membership Income 8.6% $52.8 Milli
Slide 27: FY25 YTD Financial Highlights
FY25 YTD Financial Highlights 7.7% 8.5% 6.0% 13.7% Net Merchandise Net Merchandise Sales – Omni-Channel Sales Membership Income Sales Growth Constant Currency Growth* Penetration of Growth Total Net Merchandise $85.6 Million $5.15 Billion Sales Membership Income Net Merchandise Sales 7.2% $232.5 Mil
Slide 28: Strong Sales
Strong Sales Average Comparable Club Sales Growth FY21 – FY25 - 7.5% Net Merchandise Sales Comparable Club Sales Growth ($ in Millions) Changes in U.S. dollar Comparable Net Merchandise Sales CAGR 10.4% $5,151 $4,783 15.0% 10.4% $4,301 $3,465 $3,945 7.1% 7.7% 10.0% 5.8% 6.7% 5.0% FY21 FY22 FY23 FY24
Slide 29: Consistent and Reliable Membership Income
Consistent and Reliable Membership Income Membership Renewal Rate & Membership Accounts Membership Fee Income & Average Fee Membership Income CAGR 11.2% 2.01 1.89 1.76 1.81 1.67 90% 89% 89% $86 87% 88% $75 $61 $66 $56 $36.28 $39.57 $42.27 $35.28 $36.03 FY21 FY22 FY23 FY24 FY25 TTM Renewal Rate Membe
Slide 30: Investing in Membership Experience
Investing in Membership Experience Benefits of PriceSmart membership. Our Diamond Members generally pay an annual membership fee of approximately $40 and our Platinum Members generally pay $80 per year, depending on the market in which the Member lives. Get more quality Earn up to a 2% Get delivery
Slide 31: Investing in Membership Experience
Investing in Membership Experience Platinum Members 360,605 Platinum CAGR 37% 233,148 160,913 131,316 103,231 FY21 FY22 FY23 FY24 FY25 Platinum Penetration 17.9% 12.3% 8.9% 7.4% 6.2% FY21 FY22 FY23 FY24 FY25 29
Slide 32: Margins and Operating Income
Margins and Operating Income Total Revenue Margin% and (1) Operating Income % and Total Revenue Total Revenue FY2516.1% 17.4% $5.3 FY25 4.4% $5.3 16.1% FY24 17.2% $4.9 FY24 4.5% $4.9 16.4% FY23 17.2% $4.4 FY23⁽³⁾ 4.2% $4.4 16.7% FY22 16.8% $4.1 FY22 4.1% $4.1 FY21⁽²⁾ 17.8% $3.6 FY21⁽²⁾ 4.4% $3.6 Tot
Slide 33: Earnings per diluted share
Earnings per diluted share Earnings Per Diluted Share Adjusted Earnings Per Diluted Share* CAGR 11.0% CAGR 11.0% $4.82 $4.57 $4.82 $4.57 $4.06 $3.38 $3.50 $3.18 $3.18 $3.33 FY21⁽¹⁾ FY22 FY23 FY24⁽¹⁾ FY25⁽¹⁾ FY21 FY22 FY23 FY24 FY25 (1) Adjusted earnings per diluted share for FY21, FY24, and FY25 did
Slide 34: Capital Expenditures
Capital Expenditures Maintenance and Growth CapEx ($ Millions) $96.2 $82.1 $76.0 $72.3 FY24 FY25 Total Growth CapEx⁽¹⁾ Total Maintenance CapEx⁽²⁾ 32 (1) Total growth expenditures for new clubs, purchases of previously leased clubs, investments to move existing clubs to better locations, supply chain
Slide 35: Strong Financial Metrics
Strong Financial Metrics (Amount in thousands of dollars, FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 except Number of Warehouse Clubs) Amounts Held by Foreign Subsidiaries 160,808 203,952 139,050 121,580 222,770 Amounts Held Domestically 54,671 47,421 113,152 14,731⁽¹⁾ 62,521 Total Cash and Cash Equiva
Slide 36: Appendix
Appendix 34
Slide 37: GAAP to Non-GAAP Reconciliations
GAAP to Non-GAAP Reconciliations Adjusted EBITDA Three Months Ended Year Ended (Amounts in thousands) August 31, 2025 August 31, 2024 August 31, 2025 August 31, 2024 Net income as reported $ 31,541 $ 29,068 $ 147,887 $ 138,875 Adjustments: Interest expense 3,520 3,271 11,515 12,959 Provision for inc
Slide 38: GAAP to Non-GAAP Reconciliations (Continued)
GAAP to Non-GAAP Reconciliations (Continued) Adjusted Earnings Per Diluted Share Adjusted Net Income Per Diluted Share Years Ended August 31, 2021 August 31, 2022 August 31, 2023 August 31, 2024 August 31, 2025 Net income attributable to PriceSmart per diluted share $ 3.18 $ 3.38 $ 3.50 $ 4.57 $ 4.8
Slide 39: GAAP to Non-GAAP Reconciliations (Continued)
GAAP to Non-GAAP Reconciliations (Continued) Constant Currency Reconciliations Net Merchandise Sales and Net Merchandise Sales - Constant Currency Reconciliation (Amounts in Net Merchandise Net Merchandise Sales - Constant Impact of Foreign Currency Exchange millions) Sales Currency FY21 $ 3,465 $ 3
Slide 40: Investor Relations
Investor Relations Investor Relations Contact ir@pricesmart.com 858-404-8826 38