Iguatemi Sa · BMFBOVESPA:IGTI3
Iguatemi Sa — Q2 2026 Earnings Presentation
15 slides from Iguatemi Sa's earnings presentation
Slide 1: Conference Call 2Q26
Shopping Iguatemi Esplanada CONFERENCE CALL 2Q26 1
Slide 2: Agenda
Agenda 1. Quarter Highlights 2. Operational and Financial Performance 2
Slide 3: Total sales grow 4.6% and SAS maintains progress in line with inflation
TOTAL SALES GROW 4.6% AND SAS MAINTAINS PROGRESS IN LINE WITH INFLATION Total sales in 2Q's (R$ billion) Sales Shopping malls per m² (R$ thousands) +4.6% +13.3% +4.6% 6.59 9.6 9.8 6.30 9.2 8.7 7.9 4.95 7.3 4.62 4.28 2Q22 2Q23 2Q24 2Q25 2Q26 2Q23 2Q24 2Q25 2Q26 2Q25 2Q26 - ABL - ABL % IGTI % IGTI 3
Slide 4: Rentals are rising faster than inflation, leaving room for further price increases
RENTALS ARE RISING FASTER THAN INFLATION, LEAVING ROOM FOR FURTHER PRICE INCREASES Real growth - SAR and Rental/m² Rental per square meter (m²) – Progress in occupancy Shopping Malls (quarterly) cost (% of sales) - quarter +3.3% +11.8% +1.6 p.p. 3.3% 11.3 711 703 +0.3 p.p. 688 2.7% 2.5% 629 10.8 10.
Slide 5: Occupancy rate rises to 96.9% with the expansion of global brands
OCCUPANCY RATE RISES TO 96.9% WITH THE EXPANSION OF GLOBAL BRANDS REINFORCING THE QUALITY OF THE PORTFOLIO Occupancy rate progression (% GLA Iguatemi São Paulo was chosen by Dior to house a new 600 square meters store for the Maison 0.5p.p. 97.3% HIGHLIGHTS 96.7% 96.9% 96.4% • Shopping RIOSUL: inaug
Slide 6: Capital recycling qualifies portfolio and generates shareholder value
CAPITAL RECYCLING QUALIFIES PORTFOLIO AND GENERATES SHAREHOLDER VALUE Between 2Q25 and 2Q26, Iguatemi adjusted its stake The combined result of these movements is visible in the trajectory of Adjusted in 10 assets, reallocating capital to projects with EBITDA: since 2022, the indicator has registere
Slide 7: Status of development and portfolio expansion projects
STATUS OF DEVELOPMENT AND PORTFOLIO EXPANSION PROJECTS Iguatemi Iguatemi Iguatemi Tower Casa Figueira - São Paulo Brasília (Torre A) Infrastructure Expected Opening 1Q27 4Q27 2Q28 3Q26 Casa Figueira - Campinas Rooftop Iguatemi São Paulo Total GLA (thousand m2) 4.9 15.5 16.7 - % Iguatemi 60.0% 64.0%
Slide 8: Iguatemi – Experiences, culture and ESG commitment
IGUATEMI – EXPERIENCES, CULTURE AND ESG COMMITMENT IGUATEMI TALK WELLNESS CULTURE & EVENTS ESG REFERENCE • Iguatemi Talks Wellness: 1st edition at JK • Brasil Contemporâneo: debates on the • Sustainability Report: publication of the 4th Iguatemi, bringing together national and challenges and opportu
Slide 9: Agenda
Agenda 1. Quarter Highlights 2. Operational and Financial Performance 9
Slide 10: Key operational indicators
KEY OPERATIONAL INDICATORS Operational Indicators 2Q26 2Q25 Change % 06M26 06M25 Change % Average Total GLA (m²) 789,465 788,588 0.1% 780,732 769,820 1.4% Final Owned GLA (m²) 426,327 489,095 -12.8% 427,517 484,170 -11.7% Average Owned GLA (m²) 426,327 489,095 -12.8% 427,517 484,170 -11.7% GLA Total
Slide 11: Comparison of results adjusted for M&As
COMPARISON OF RESULTS ADJUSTED FOR M&AS Adjusted Net Revenue Breakdown (R$ million) Adjusted EBITDA Breakdown (R$ million) 445,398 +11.6% +10.8% 407,165 396,020 139,065 0 389,008 18,157 354,790 41,230 288,442 290,565 34,219 17,891 262,322 26,120 28,243 Net Revenue Capital Pátios Net Pro Net Growth Y
Slide 12: Economic and financial performance – pro forma
ECONOMIC AND FINANCIAL PERFORMANCE – PRO FORMA % partners and Adjusted Managerial Income Statement – 2Q26 excluding 2Q25 excluding 2Q26 vs 2Q25 Pro Forma 2Q25 pro 2Q26 vs 2Q25 capital gain 2Q25 Recurring Reconciliation of Recurring and pro forma straight-line effect straight-line effect Recurring ad
Slide 13: Economic and financial performance – pro forma
ECONOMIC AND FINANCIAL PERFORMANCE – PRO FORMA % partners and Adjusted Managerial Income Statement – 6M26 excluding 6M25 excluding 6M26 vs 6M25 Pro Forma 6M25 pro 6M26 vs 6M25 capital gain 6M25 Recurring (2) Reconciliation of Recurring and pro forma straight-line effect straight-line effect Recurrin
Slide 14: Indebtedness and liability management
ENDIVIDAMENTO E LIABLITY MANAGEMENT Debt amortization schedule - Annual (R$ millions) The Company prepaid the 11th bond issuance on 07/01/26. With that, the 2027 and 2028 maturities were brought forward, extending the term and reducing Cash coverage the cost of the debt. Bonds Real Estate Receivable
Slide 15: 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