Magazine Luiza S.a. · BMFBOVESPA:MGLU3
Magazine Luiza — Q2 2026 Earnings Presentation
24 slides from Magazine Luiza's earnings presentation, Aug 7, 2026
Slide 1: Conference Call 2Q26
Conference Call 2Q26 August 07, 2026
Slide 2: Simultaneous translation and access to results materials
Esta teleconferência possui tradução simultânea. Para acessar, basta clicar no botão Interpretação através do ícone do globo na parte inferior da tela. O Release de Resultados e a Apresentação, versões português e inglês, estão disponíveis para download no site de RI: ri.magazineluiza.com.br A apres
Slide 3: 2026: Entering a new strategic cycle for Magalu
2026: Entering a new strategic cycle for Magalu 1 2 Consolidate AI Omnichannel leadership Accelerate Services monetization • Accelerate physical store growth for durable goods • Boost Fintech, especially with the new license (core) as well as sports, beauty, and gaming (extended • Consolidate the om
Slide 4: 2Q26: Preserved margins and consistent financial discipline
2Q26: Preserved margins and consistent financial discipline reinforce Magalu's solid foundation in the quarter Physical Stores Gross Margin Adjusted EBITDA 10% 30.6% R$ 709 Mi Stores sales growth +0.1 p.p. vs 2Q25 8.0% margin ● R$5.2 billion in sales ● Strict expense control ● Increase in buy now pay
Slide 5: Strong market share gains in physical stores, R$ 5.2 billion in 2Q26 sales
Magalu continues its trajectory of strong market share gains in physical stores, reaching R$ 5.2 billion in 2Q26 sales Evolution of physical store sales [Billion R$] 9.7% Same-Store Sales Growth in Physical Stores +3% +14% +3% +10% [2Q26 - 2Q25] Highlights 5.2 (Sales growth 2Q26 vs 2Q25) 4.7 4.6 3.9
Slide 6: E-commerce: Margin preservation comes first
E-commerce: Margin preservation comes first Online sales contraction in the quarter, even with TV sales growth, reflects commercial discipline Online Sales R$9.3 Billion 1P1P 3P R$5.8 Billion R$3.6 Billion ● Cost Pass-Through: Price adjustments due to the global increase in the cost of memory chips (m
Slide 7: Accelerating sales through partner platforms to resume online growth
Accelerating sales through partner platforms is a way to resume online sales growth with profitability Position beyond proprietary channels is a strategic pillar for Magalu Increase exposure to new audiences outside of Magalu’s core 2016 50M active monthly users Consolidate leadership in 1P core thro
Slide 8: Partnership between platforms enhances access to new customers
Partnership between platforms enhances access to new customers, scales sales, and leverages the efficiency of our logistics network. jun/26 Partnership signed and sales launch First month of operation with sales exceeding initial jul/26 expectations Magalog certified as Amazon's logistics partner Mag
Slide 9: Lu's WhatsApp: the most complete AI Commerce shopping experience
Lu's WhatsApp: the most complete AI Commerce shopping Cannes Lion experience on WhatsApp, from search to payment Bronze Authentication Discovery Checkout Post-Sales +R$100M GMV on Lu's WhatsApp 18M Conversations since launch 3x Lu's WhatsApp conversion rate vs. other channels 20% Of customers return
Slide 10: Contributing to the diversification of the ecosystem's revenue and results
Contributing to the diversification of the ecosystem's revenue and results Sponsored Products CTR Lu of Magalu +51% vs Hyundai partnership, launch of the i20 2Q25 Active Sellers Multichannel Ads Available spaces on +13% vs e-commerce, Galeria Magalu, and across more 2Q25 than 20k TVs in all stores
Slide 11: Full regulatory structure to scale the financial services offering
Full regulatory structure to scale the financial services offering at Magalu, with profitability. IF IP TPV 2Q26 Consumer Credit Portfolio (retail + SCFI) Sales 2Q26 Digital Account, R$15bi R$2,0bi Acquiring, and R$2,0 bi (+1.0% vs 2Q25) Insurance (+30.6% vs 2Q25) (+ 33% vs 2Q25) Insurance premiums Cr
Slide 12: Expansion of the external clients base in logistics
Expansion of the external clients base, contributing to increase our logistics density Revenue Expansion Logistics Network Expansion 15% increase in orders delivered for third 27 new hubs, surpassing 200 parties vs 2Q25 operational units New Clients in the Quarter Operations Expansion Higher operati
Slide 13: The first Brazilian Cloud with global scale
The first Brazilian Cloud with global scale Consistent commercial Advanced innovation in AI, Large-scale infrastructure, now performance driven by external infrastructure expansion, and accelerated by BNDES clients governance AI in focus 1.700 R$ 300 mi Testing of Magalu Cloud's proprietary AI platfo
Slide 14: Financial Highlights
Financial Highlights
Slide 15: Financial Highlights of 2Q26
Financial Highlights of 2Q26 R$11.1 Billion in Gross Revenue R$709 Million Adjusted EBITDA (8.0% margin) 10.3% Physical Stores Sales Growth (9.7% in same-store sales) R$(50) Million Adjusted Net Result 30.6% Gross Margin (30.5% in 2Q25) R$5.8 Billion Total Cash (R$0.8 billion Net Cash)
Slide 16: Quarterly EBITDA margin evolution
Quarterly EBITDA margin evolution: rigorous financial and operational discipline reflected in the consistency of our margins. Adjusted EBITDA [% of Net Revenue; Million R$] Key Levers 726 709 Gross margin expansion: ● Increase in merchandise margin ● Services contribution 8.0% 8.0% 7.9% 7.8% 7.8% Mark
Slide 17: Adjusted EBITDA margin breakdown in 2Q26
Adjusted EBITDA margin breakdown in 2Q26 0.1% 0.1% 0.2% 0.0% 0.4% 30.6% 30.5% 7.3% 8.0% 7.4% 8.0% 23.1% 23.3% 2Q25 2Q26 Services Merchandise Total Gross contribution to Gross Margin Margin margin 2Q25 Gross SG&A Provision for Equity Others 2Q26 Adjusted Margin Loan Losses Income Adjusted
Slide 18: Working capital improvement mitigating the effect of interest rates
Working capital improvement mitigating the effect of interest rates on financial expenses Adjusted Working Capital (Billion R$) Adjusted Net Financial Expenses (Million R$) R$0.5 bi CDI 14.7% 15.0% 15.0% 14.9% 14.4% average 3.9 2.3 2.3 5.4% 5.1% 6.2% 6.4% 2.0 5.4% 1.9 496 572 569 572 488 2Q25 3Q25 4Q
Slide 19: Total Cash Position of R$5.8 billion in Jun/26
Total Cash Position of R$5.8 billion in Jun/26 Operational Cash Flow of R$0.3 billion in the last quarter Cash Flow LTM (Billion R$) Receivables Cash 0.3 6.2 0.2 0.2 5.8 Operating Cash Flow temporarily impacted by the 0.3 0.1 R$773 million reduction in 4.6 suppliers balance 4.0 1.6 1.8 Adjusted Fina
Slide 20: Total cash position of R$5.8 billion and adjusted net cash of R$0.8 billion
We ended 2Q26 with a total cash position of R$5.8 billion and an adjusted net cash position of R$0.8 billion. Cash and Debt (Billion R$) Debt Schedule (Billion R$) 5.8 0.8 1.7 4.0 1.3 4.9 0.9 0.7 1.8 0.3 Final Adjusted Cash 06/30/2026 06/30/2026 2026 2027 2028 2029 2030 Receivables Cash Gross Debt N
Slide 21: Luizacred
Luizacred Delinquency rates remain at historically low levels alongside expanding profitability R$ 20.2 Bi 5.7 Mi 23.5% Adjusted Net Profit [R$ million] Credit Portfolio Credit Cards ROE [2% growth vs jun/25 [jun/26] [2Q26 - anualizado] Percent of the Portfolio Overdue (%) 271 8.4% 7.3% 135 102 2.7% 7
Slide 22: MagaluPay SCFI
MagaluPay SCFI Consolidation of credit origination, acceleration of CDB fundraising, and financial efficiency gains Credit portfolio Basel Ratio R$ 429 mi 51% Jun/26 Jun/26 Funding & CDB Net Income R$ 239 mi R$ 17 mi Through end-June in 2Q26 100% of Consumer Credit (CDC) originations in the new financia
Slide 23: Investor Relations
INVESTOR RELATIONS RI@MAGAZINELUIZA.COM.BR MAGAZINELUIZA.COM.BR/RI Statements contained in this document regarding business outlooks, projections of operating and financial results, and growth prospects for Magazine Luiza are forward-looking statements. As such, they are based exclusively on manageme
Slide 24: Magalu ecosystem
Magalu » ecosystem OS cer CONSGRCIO ao’ MagaLu VIP ier? 205 Es hub Magatu cioud magatu StOQ — EEE Schoot pagamentos @yuss/_es smartHint D LuizacreD *pitss eee ace gh balele Sarl a mt 2 cn a 2 2. jmetshoes Habu. eee &poca M aiqrome ZATTINI estante Sve virtual GSinclog