Cencosud Shopping Sa · BCS:CENCOMALLS
Cencosud Shopping Sa — Cenco Malls — Investor Presentation (May 2026)
27 slides from Cencosud Shopping Sa's investor presentation, May 2026
Slide 1: Corporate Presentation May 2026
May 2026 Corporate Presentation Santiago, Chile | May 2026 Corporate Presentation – BCS: CENCOMALLS May 2026 |1
Slide 2: Table of Contents
· Contents Table of Contents 01 02 03 04 About Cenco Malls Corporate Strategy Business Structure Growth Plan Corporate Presentation – May 2026 |2
Slide 3: About Cenco Malls
SECTION 01 About Cenco Malls CENCO MALLS | CORPORATE PRESENTATION – MAY 2026 Corporate Presentation – May 2026 |3
Slide 4: Cenco Malls at a Glance
1.1 · About Cenco Malls Cenco Malls at a Glance Who We Are? With over 30 years of experience, Cenco Malls is a shopping center operator and developer with a presence in Chile, Peru, and Colombia. Listed on the stock exchange since 2019, the Company manages 41 locations(1), an office complex and land
Slide 5: Geographic Distribution and Scope
1.2 · About Cenco Malls Geographic Distribution and Scope Colombia Key Operating Figures 2 Shopping Centers 2 Power Centers 79,070 sqm of GLA 15 26 Shopping Power Peru Centers Centers 2 Shopping Centers 1 Power Center 76,900 sqm of GLA 138 MM 97.0% Visits Occupancy Rate Chile 11 Shoppi
Slide 6: GLA diversified by category, with Basic Services and Retail dominating
1.3 · About Cenco Malls GLA diversified by category, with Basic Services and Retail dominating the commercial mix GLA by Category(1) (March 2026) 28.9% Retail and Specialty Essential Services Services 49.1% Entertainment Offices and Hotel 2.8% Vacancy 9.6% 2.0% (1) Retail and Specialty: department s
Slide 7: Main Assets
1.4 · About Cenco Malls Main Assets Cenco Costanera Cenco Alto Las Condes Cenco Florida • GLA: 161.073 sqm • GLA: 112.931 sqm • GLA: 121.155 sqm • Occupancy: 97.1% • Occupancy: 99.0% • Occupancy: 97.7% • Revenues: CLP 95,477 MM • Revenues: CLP 56,069 MM • Revenues: CLP 30,336 MM Peru Colombia Costan
Slide 8: Double-digit LTM Net Income Growth
1.5 · About Cenco Malls Double-digit LTM Net Income Growth LTM Cenco Malls Value LTM 1Q26 LTM 1Q25 Var. YoY Revenues(1) Adjusted EBITDA(1) USD MM USD MM 410 369 388 353 5.8% 4.5% +2,100 Stores Net Income(1) USD MM 360 286 26.0% FFO(1) GLA USD MM sqm2 273 1,459,646 274 1,378,732 -0.5% 5.9% 41 Shoppin
Slide 9: Organizational Structure & Board of Directors
1.6 · About Cenco Malls Organizational Structure & Board of Directors Organizational Structure Board of Internal Audit Jaime Manager CEO Directors Soler Claudio Rojas Sebastián Bellocchio* CFO Commercial Manager Agustín Letelier* Felipe Castro* Peter Manfred Paulmann Paulmann Peru Shopping Operation
Slide 10: Corporate Strategy
SECTION 02 Corporate Strategy CENCO MALLS | CORPORATE PRESENTATION – MAY 2026 Corporate Presentation – May 2026 | 10
Slide 11: Efficient Model with Premium Portfolio and Stable Cash Flow Generation
2.1 · Corporate Strategy Efficient Model with Premium Portfolio and Stable Cash Flow Generation 01 02 03 04 05 Strategic Asset within Corporate Governance Best-in-class portfolio High Stability and Clear Growth the Cencosud and Professional with regional presence Cash Flow Generation Strategy Ecosys
Slide 12: Efficiency, anchors, and scale → leading profitability
2.2 · Corporate Strategy Efficiency, anchors, and scale → leading profitability 1 • Lean structure and shared services with Cencosud. • Common technology platform enabling standardization and innovation. Centralized and efficient • Operating synergies: framework contracts, single suppliers, and unif
Slide 13: ESG Execution with Operational Impact
2.3 · Corporate Strategy ESG Execution with Operational Impact Corporate Governance Personas • Effective board and risk management with oversight • Employees: safety, development, and people-centered and controls. culture. • Ethics and compliance: code, training, and criminal • Tenants and customers
Slide 14: Business Structure
SECTION 03 Business Structure CENCO MALLS | CORPORATE PRESENTATION – MAY 2026 Corporate Presentation – May 2026 | 14
Slide 15: Efficient Structure that Translates into Profitability
3.1 · Business Structure Efficient Structure that Translates into Profitability INCOME STATEMENT(1) • Over the last 12 months, the Company achieved a 97.1% Gross Margin and a 124.5% Operating Margin (includes asset revaluation), reinforcing Cenco Malls’ cost efficiency. • As of March 2026, LTM Net I
Slide 16: Resilient Revenue Structure
3.2 · Business Structure Resilient Revenue Structure Revenue Breakdown(1) Contract Maturity 66.7% Fixed Rent 15.3% Variable Rent Other 7.5% 15.3% 7.1% 4.1% 6.8% 77.2% Under 2 Between Between Between Over 5 2 and 3 3 and 4 4 and 5 ~67% ~10 years Occupancy Rate v 97.0% maturing in more than 5 years Av
Slide 17: Capital Structure — Comfortable Covenant and Contained Leverage
3.3 · Business Structure Capital Structure — Comfortable Covenant and Contained Leverage D E B T M A T U R I T Y P R O F I L E ( U F M M ) ( 3) Debt Gross Financial Debt 765,276 CLP MM Debt as of 1Q26 10.0 Debt Net Financial Debt 666,379 CLP MM New Issuance Cost Average Cost of Debt 1.54 % annual in
Slide 18: Solid Cash Position
3.4 · Business Structure Solid Cash Position Operating cash generation of CLP 82,582 million covers quarterly CAPEX, bringing the cash position to CLP 98,897 million +123,0% 24.724 1.876 98.897 1.944 503 82.582 44.355 Posición Flujo Operacional CAPEX Pago de Intereses Pago de Otros Posición Caja Dic
Slide 19: Growth Plan
SECTION 04 Growth Plan CENCO MALLS | CORPORATE PRESENTATION – MAY 2026 Corporate Presentation – May 2026 | 19
Slide 20: Reconfiguration and Optimization: Cenco Costanera
4.1 · Growth Plan Reconfiguration and Optimization Cenco Costanera Cenco Costanera Cenco Costanera Food Hub “Qinto” Activations Floors 6, 7 and 8 Auto City Costanera Chile's main food hub, bringing together New multi-level space for activations, brand Cenco Malls new automotive and services unique r
Slide 21: Reconfiguration and Optimization: Cenco Alto Las Condes
4.2 · Growth Plan Reconfiguration and Optimization Cenco Alto Las Condes Cenco Alto Las Condes Cenco Alto Las Condes New Offices Space Optimization Former Food Court Gallery The space vacated by a department store In addition to the offices, other optimization Following the relocation of the food co
Slide 22: Reconfiguration and Optimization: Cenco Florida
4.3 · Growth Plan Reconfiguration and Optimization Cenco Florida Cenco Florida Cenco Florida Mirador Florida Auto City Florida Parque Cenco Florida Space reconfiguration into a new premium Cenco Mallshub’ new automotive and Development of a new park directly food hub, with 9 restaurants that strengt
Slide 23: Expansion Projects — Chile
4.4 · Growth Plan Expansion Projects — Chile Cenco Rancagua Expansion Project • Large-scale expansion that will consolidate Cenco Rancagua as the region's main commercial and urban hub. • The expansion incorporates 42,000 sqm of GLA, consolidating the asset as the regional leader with over 80,000 sq
Slide 24: Greenfield Projects — Chile
4.5 · Growth Plan Greenfield Projects — Chile Cenco Malls Outlet Outlet-format Shopping Center Development • Launch of Cenco Malls' first outlet in Maipú, strengthening our presence in Santiago through a new value-oriented commercial format. • Comprises a first phase of 18,000 sqm of GLA. Multifamil
Slide 25: Greenfield Projects — Colombia and Peru
4.6 · Growth Plan Greenfield Projects — Colombia and Peru Cenco Medellin Cenco Miraflores Cenco Lima New Shopping Center New Shopping Center New Shopping Center Large-scale shopping center of 80,000 sqm Boutique shopping center in a prime Large-scale project of ~80,000 sqm in San in a prime area of
Slide 26: Important Notice
· DISCLAIMER Important Notice The information contained in this presentation has Cenco Malls and its subsidiaries, directors, and been prepared by Cencosud Shopping S.A. ("Cenco employees accept no responsibility for any loss or Malls") for informational purposes only. It should not damage that may
Slide 27: Corporate Presentation – May 2026
Corporate Presentation – May 2026 | 27