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Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Latin Securities Argentine Day (Londres) Octubre 2025
Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Latin Securities Argentine Day (Londres) Octubre

About this update from Cresud Sa
Investor Presentation Latin Securities Argentine Day London, October 2025 Leading Real Estate Company in Argentina 30 years acquiring, developing and operating Real Estate 75 YEARS IRSA Rental portfolio of +500,000 sqm of GLA across Argentina BYMA 16 - 370,897 sqm 5 - 58,074 sqm 3 - 718 rooms 5 projects Launched 15 - ~6mm buildable sqm DEVELOPMENT SEGMENT RENTAL SEGMENT Banco Hipotecario 29.2% stake FINANCIALS 2 2 Premium Portfolio in Top-tier Locations Shopping Malls 16 Shopping Malls DOT Baires Shopping Low Income Area Middle Income Area High Income Area 371 sqm of GLA (in thousands) Soleil Premium Alto Noa Salta Córdoba Shopping Córdoba Patio Olmos Córdoba Ribera Shopping Santa Fe Mendoza Plaza Shopping Mendoza Alto Rosario Santa Fe Autonomous City of Buenos Aires Alto Comahue Shopping Neuquén Outlet Terrazas de Mayo Distrito Arcos Alcorta Shopping 1,566 Stores (in thousands) 98% Occupancy Rate* 67% Market Share in the City of Buenos Aires 6 Provinces *Does not include Terrazas de Mayo occupancy, recently acquired (81.7%) Alto Palermo Alto Avellaneda Abasto Shopping Patio Bullrich 3 Premium Portfolio: Shoppings Alto Palermo (City of Buenos Aires) Abasto (City of Buenos Aires) DOT Baires (City of Buenos Aires) Distrito Arcos (City of BA) Alto Comahue (Neuquén) Patio Bullrich (City of BA) Shopping Malls' Portfolio Growth: Acquisitions & New Developments Terrazas de Mayo Shopping Mall USD 27.75 mm 20 Stands 86 Stores ~ 33,720 Sqm GLA Projected GLA (Th. Sqm) +10.4% 33.7 336 371 +14.8% 426 22.0 Distrito Diagonal 32.7 AA Adjoining Plot Adjoining Plot Development FY 24 FY 25 FY 28E Alto Avellaneda Mall USD 12.2 mm ACQUIRED PROPERTY FUTURE MALL EXPANSION 86,861 Total sqm 32,660 Built sqm Distrito Diagonal La Plata City ALTO AVELLANEDA SHOPPING MALL Ranking of Alto Avellaneda within our portfolio: #4 Sales / GLA / Visitors 22,000 Sqm GLA Est. Investment USD 45 mm Est. Opening 1H 2027 5 Rental Revenue Model ARS Linked To Inflation (Shopping Malls) Revenue Breakdown: 78% Rental Revenue: The company collects the highest between a % of tenant monthly sales and a minimum rent (base rent). 22% Other Revenues: Other revenues include key money, brokerage fee, stands, parking and non-traditional advertising. ARS Key Money Brokerage Fee In Advance Year 1 Year 2 Year 3 Variable (34%) Fixed (44%) 14% 5% 4% 10% Tenants by category (m 2 of GLA) 45% 22% Clothing and footwear Entertainment Restaurants Electrical appliances Services Other Revenues from food, beverage & others Office Buildings Tech/E-commerce • 25% 3-year average term Hotels Revenues from rate Oil and Gas • US Dollar based USD Linked (Office Buildings & Hotels) Tenant by industry • Rental rates for renewed terms are negotiated at market conditions 9% (m 2 of GLA) 60% Health Care 6% Other 6 Shopping Malls Operating Figures Tenant Real Sales (ARS MM) & Occupancy (%) ∆ trim i.a. IQ 25 -12.1% IIQ 25 -8.5% IIIQ 25 +13.4% IVQ 25 +3.2% 96,5% 99,0% 98,5% 98,5% 3.336.582 94,7% 93,2% 93,1% 97,4% 3.298.765 96,7% 97,7%* -2,8% 3.034.588 3.023.307 3.076.254 2.597.368 89,9% 2.843.425 3.151.757 3.062.900 1.924.235 1.385.564 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 7 *Does not include Terrazas de Mayo occupancy, acquired in Dec-24 (88.9%) 7 4.500 145 IIIQ25 Following Market Prices Trends Capital Controls Period Capital Controls Period Offices GLA (th. sqm) 7.811 7.868 7.696 7.884 Premium office Price (USD CCL/sqm) 6.634 164 Premium office Price (Official USD/sqm) 138 156 151 140 5.537 5.367 5.000 5.216 4.900 115 5.198 4.552 4.500 131 5.000 122 4.900 116 98 3.800 113 4.500 113 4.000 4.000 4.000 97 3.500 3.700 3.800 85 84 4.200 4.000 81 88 83 84 2.360 74 2.050 59 1.190 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 770 710 3.800 58 100% Occupied IRSA's Office Portfolio Evolution Acquisitions Sales Developments Sales Bouchard 710 República BankBoston El Rulero Dique IV Zetta 200 Della Paolera Bouchard 710 BankBoston Intercontinental Bouchard Plaza Maipú 1300 República Suipacha 200 Della Paolera 8 Launch of Ramblas del Plata: IRSA's Most Ambitious Project in BA City Premium Location South Puerto Madero 870,000 Buildable sqm Commercialization progress 693,000 Saleable sqm Mixed-uses Potential under signing process Stage 1 + Extension: Commercialization Progress RAMBLAS DEL PLATA Extension Stage 1 Bahia September 2025 13 81 ~111 k 2 Lots sold & 11 Swapped Sales & Barters price (in USD million) Combined saleable area (sqm) Signed agreements Under signing process Under negotiation ~53 k Remaining saleable area (sqm) 10