Iguatemi Sa · BMFBOVESPA:IGTI3
Iguatemi Sa — Q3 2025 Earnings Presentation
13 slides from Iguatemi Sa's earnings presentation, 2025
Slide 1: Conference Call 3Q25
Cubo JK - JK Iguatemi CONFERENCE CALL 3Q25 1
Slide 2: Agenda
Agenda 1. Quarter Highlights 2. Operational and Financial Performance 2
Slide 3: Expansion and qualification drive portfolio sales in 3Q25
EXPANSION AND QUALIFICATION DRIVE PORTFOLIO SALES IN 3Q25 Sales Growth 3Q’S (R$ billion) Total sales per sqm (R$ thousand per quarter) +22.5% +10.3% 6.00 8.7 4.90 7.9 4.46 4.08 7.1 3.33 6.5 3Q21 3Q22 3Q23 3Q24 3Q25 3Q22 3Q23 3Q24 3Q25 3
Slide 4: Real rental growth reinforces asset profitability strategy
REAL RENTAL GROWTH REINFORCES ASSET PROFITABILITY STRATEGY Real SAR and Rental/sqm Growth - Malls Occupation cost evolution (% of sales) +2.8p.p. +16.7p.p. 7.5% 689 12.2% 11.9% 591 4.7% +0.1p.p. 11.0% 11.1% IGPM SAR 3Q25 3Q24 3Q25 3Q22 3Q23 3Q24 3Q25 readjustment effect on the portfolio 4
Slide 5: Average portfolio occupancy reached 96.1%, 0.2 p.p. above 3Q24
IN THE SECOND QUARTER, THE AVERAGE PORTFOLIO OCCUPANCY REACHED 96.1%, 0.2 P.P. ABOVE 3Q24 Occupancy rate progression (% GLA) +0.2p.p. 97.7% Alo Yoga – Iguatemi São Paulo 96.6% 96.4% 96.1% HIGHLIGHTS 95.9% • Iguatemi São Paulo: H&M, 1st store in Latin America, Alo Yoga and Moncler; • Shopping JK Igua
Slide 6: Iguatemi announces 4 new stores with H&M scheduled to open in 2026
IGUATEMI ANNOUNCES 4 NEW STORES WITH H&M SCHEDULE TO OPEN IN 2026 1st store inauguration and H&M expansion • Positions Iguatemi as a strategic partner for H&M´s expansion in Brazil • The four units have in total almost 8,000 sqm of GLA distributed across South and Southeast regions: • Shoppings Igua
Slide 7: Iguatemi concludes sale of interests in Pátios Higienópolis and Paulista shopping malls
IGUATEMI CONCLUDES SALE OF INTERESTS IN PÁTIOS HIGIENÓPOLIS AND PAULISTA SHOPPING MALLS HIGHLIGHTS ▪ Portifolio qualification and consolidation in the city of São Paulo, Latin America´s main economic center; • Sale of stake in the shopping malls Pátio Paulista and ▪ Strategic milestone that strength
Slide 8: Iguatemi – Culture, Experiences and People
IGUATEMI – CULTURE, EXPERIENCES AND PEOPLE GPTW 2025 – Vozes Iguatemi TEATRO IGUATEMI – IGUATEMI SÃO PAULO IGUATEMI TALKS – 9th EDITION o Iguatemi maintained an 83% positive o The opening of the Theater Iguatemi o Once again, Iguatemi served as the stage for approval rating among its employees in th
Slide 9: Agenda
Agenda 1. Quarter Highlights 2. Operational and Financial Performance 9
Slide 10: Economic and Financial Performance
ECONOMIC AND FINANCIAL PERFORMANCE Operational Indicators 3Q25 3Q24 Var. % 09M25 09M24 Var. % Average Total GLA (m²) 788,569 701,010 12.5% 776,070 723,376 7.3% Final Owned GLA (m²) 448,966 471,897 -4.9% 472,133 471,897 0.0% Average Owned GLA (m²) 448,966 482,969 -7.0% 472,133 488,111 -3.3% GLA Total
Slide 11: Economic and Financial Performance
ECONOMIC AND FINANCIAL PERFORMANCE Financial Indicators – Managerial 3Q25 3Q24 Var. % 09M25 09M24 Var. % Net revenue 372,864 310,653 20.0% 1,086,007 895.177 21.3% EBITDA (R$ thousand) 291,703 227,488 28.2% 962,272 636,844 51.1% EBITDA Margin 78.2% 73.2% 5.0 p.p. 88.6% 71.1% 17.5 p.p. Net Income (R$
Slide 12: Indebtedness and Liability Management
INDEBTEDNESS AND LIABLITY MANAGEMENT Debt amortization timetable 1,838 Cash 1,012 coverage 150 647 1,838 118 435 420 408 776 0 301 309 0 229 318 443 367 200 150 362 49 49 0 0 23 73 39 37 229 21 1 0 86 15 86 16 86 86 86 69 46 12 0 37 12 0 37 2 0 37 0 0 37 Current cash 2025 2026 2027 2028 2029 2030 20
Slide 13: 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 Gabriela Hawat IR Analyst Ana Beatriz Lima IR Analyst Considerations regarding business prospects, estimates of operational