Cencosud (CENCOSUD) investor relations material

Operational performance and growth

• Revenue growth outpaced inflation in Peru, with resilient local-currency growth in Chile, Argentina, the US, and Colombia.

• Online sales rose 14.6% YoY, now 12.2% of revenues, driven by growth in five of six countries and the Prime program.

• Shopping Centers business sustained strong growth and profitability across the region.

• Strong EBITDA growth in Peru (+11.5% LC), Colombia (+80.0% LC), Argentina, and Brazil, with Chile maintaining a double-digit margin.

• Brazil Supermarkets improved profitability through portfolio optimization.

Strategic acquisitions and portfolio management

• Successful integration of Makro Argentina drove a 360 bps EBITDA margin expansion, supported by systems and service center integration.

• Divestment of Bretas in Brazil and service stations in Colombia streamlined operations and capital allocation.

• Acquisition of St. Marché strengthened presence in Brazil's premium market, enhancing long-term growth potential.

• Makro acquisition in Colombia expanded the Cash & Carry platform and created new growth opportunities.

Operational efficiency and digital transformation

• Simplified operations to enhance agility, efficiency, and integration, with a CLP ~60 Bn productivity plan investment.

• Over 50 digital initiatives in e-commerce, technology modernization, operational efficiency, and intelligent supply chain are delivering tangible business value.